eXp posts favorite Q1 earnings, reinforces Sure Cooperation stance
eXp World Holdings, the parent company of eXp Realty, reported first-quarter 2025 earnings on Tuesday that highlighted modest boost in income, an assertive stance on exact property itemizing transparency and investments in synthetic intelligence (AI).
The corporate reported income of $954.9 million for the quarter, an develop of 1% twelve months over twelve months. Adjusted EBITDA used to be $2.2 million.
Money and money equivalents rose to $115.7 million, compared to $109.2 million within the the principle quarter of 2024. eXp generated $39.8 million in get money from running actions and adjusted running money drift of $28.2 million.
The corporate’s complete agent count stood at 81,904 on the end of March, a 5% decrease from one twelve months earlier. Nonetheless global transaction quantity rose 4% to $38.6 billion.
Transaction sides declined 2% to 89,643. And eXp’s agent get promoter score — a key measure of buyer pride — elevated to 78, up from 73 a twelve months earlier.
Push for exact property itemizing transparency
eXp Realty CEO Leo Pareja focused his remarks all by the earnings call on the company’s response to alternate policy shifts, in particular the Nationwide Association of Realtors’ (NAR) up to this point Sure Cooperation Policy.
“We imagine that delayed marketing and marketing will make buyer confusion and we’re no longer taking part,” Pareja stated. “On April 10, we announced our partnership with Zillow, where we committed to launching all eXp listings on the principle day of promoting.”
He stated the brokerage is making its listings on hand by advancing programming interfaces (APIs) to all predominant exact property portals — along with Zillow, Redfin, Trulia and Properties.com — to make certain that that maximum publicity for shoppers.
“If the (virtual office online page online) feeds can have been isolated and averted exiguous, honest startup corporations fancy the one Glenn [Sanford] founded, we would no longer be here on the present time,” Pareja stated. “We imagine in an birth market that permits any startup the ability to compete if they’ve a precious proposition for both shoppers and agents alike.”
‘A platform alternate’
Sanford, the founder and CEO of eXp World Holdings, opened his comments by framing eXp as a broader platform produced from four interconnected corporations: eXp Realty North The United States; its world brokerage division; Success Enterprises; and its virtual expertise platform, Frame VR.
“For us, this isn’t exact a assortment of alternate gadgets,” Sanford stated. “It’s a platform alternate made up of four strategic points, designed to support agents at every stage of their boost stagger.”
Sanford wired that eXp Realty North The United States remains the company’s “engine of profitability” that provides the company long-term reinvestment functionality with out the must elevate capital.
That foundation, he stated, has made it that it’s most likely you’ll per chance well imagine to develop globally, deepen its expertise stack and retain operational flexibility.
“Our North Neatly-known particular person remains obvious: to worth primarily the most agent-centric exact property brokerage within the sector,” Sanford stated. “Every resolution, every funding, every innovation is filtered by that lens.”
AI investments, long-term productiveness
Sanford also emphasised the company’s rising funding in AI and digital infrastructure, calling these long-term bets geared toward reshaping how agents feature.
“We’ve made heavier and intentional investments in expertise and AI, in particular within the outdated couple of quarters,” he stated. “These are no longer momentary bets. We imagine the exact returns on AI-driven productiveness, automation and platform leverage will current up meaningfully in future classes, and we’re constructing now for that future.”
He added that Frame VR is half of the long-term approach to enable a 24/7 globally associated collaboration.
“Frame is how we future-proof our community infrastructure,” Sanford stated. “It’s no longer exact virtual meeting online page online — it’s the structure of what agent collaboration will ogle fancy within the AI era.”
Global ride reinforces files commitment
Pareja illustrious that eXp’s world footprint has sharpened the company’s viewpoint on the tag of gentle, consistent exact property files.
“As soon as you happen to behold and ride what we behold exterior of North The United States, it’s most likely you’ll per chance well want a various appreciation for your complete dataset that we gain pleasure from on this nation,” he stated. “Initiate air of the U.S. and Canada, it is a fragmented dataset that is inconsistent, with confusion that leads to longer days on market and much extra hiss within the execution direction of.”
This distinction, reinforces the importance of declaring birth and accessible itemizing files, he stated.
To toughen agent appeal and mentorship, eXp launched a brand unique co-sponsorship program on May perchance perchance fair 1.
The initiative enables a brand unique agent to be supported by a prime and co-sponsor, both of whom can invent income sharing advantages.
“The vitality of two — that’s one main sponsor plus a co-sponsor — will assist agents reach limitless ability, double the insights and double the impact,” Pareja stated. “This co-sponsorship program used to be built on a overall framework: Let’s enable extra leaders to toughen and entice agents previous their explain organization.”
Pareja added that this plot introduces stronger incentives for an authority agents to make investments within the success of latest ones, whereas preserving the structure and advantages for existing sponsors.
Sanford closed the resolution by reaffirming the company’s commitment to agents, expertise and long-term global boost.
“No various brokerage operates fancy this,” he stated. “All the pieces we’re doing — whether or no longer it’s unique market launches, AI co-pilots or digital community instruments — is designed to assist agents rate scalable, sustainable corporations.”
