eXp World Holdings, Inc. (EXPI)

eXp World Holdings announced better-than-expected revenue in Q2 CY2025, with sales up 1.1% year-on-year to $1.31 billion, but reported a GAAP loss of $0.01 per share. The company reported a 7% increase in revenue to $1.3 billion and a net income of $3.5 million, or $0.02 per diluted share in Q3 2025. The company paid a cash dividend of $0.05 per share for Q3 2025 on August 29, 2025, and declared another $0.05 per share dividend for Q4 2025, expected to be paid on December 1, 2025. eXp World Holdings announced its participation in the Stephens Annual Investment Conference. Analysts have provided varying forecasts, with some expecting EXPI's price to have a maximum estimate of $13.00 USD and a minimum estimate of $13.00 USD, and the company is forecast to become profitable over the next three years.

The real estate market experiences seasonal patterns, with spring and summer seeing the highest levels of listings and transactions. Fall and winter usually bring a slowdown in market activity. While eXp's cloud-based model offers flexibility, the underlying seasonality of real estate transactions would still affect the volume of business for its agents and, consequently, the demand for its brokerage and related services.

eXp World Holdings, Inc. (EXPI) is a global holding company focused on real estate technology, operating in the Finance sector. It provides cloud-based real estate brokerage services through eXp Realty, offering collaborative tools and professional development for agents. Additionally, it offers technology products like FrameVR.io, SUCCESS Enterprises, SUCCESS Space, and title, escrow, settlement, and mortgage brokerage services.

eXp World Holdings, Inc. has a significant international presence, operating primarily in the United States and Canada. Its global footprint extends to the United Kingdom, Australia, South Africa, France, India, Portugal, Mexico, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, the Dominican Republic, Greece, New Zealand, Chile, and Dubai. As of September 30, 2025, eXp Realty had over 83,000 agents across 28 countries.

eXp World Holdings emphasizes a "people-first" and cloud-based approach to business. The company's mission is to empower real estate professionals with technology, support, and a robust commission structure. eXp ended the third quarter of 2025 with a global agent Net Promoter Score (aNPS) of 75. The company has also focused on improving operational efficiency through back-office automation and technology investments, leveraging AI to streamline workflows and has introduced enhanced marketing and digital community tools to empower agents.

eXp World Holdings, Inc. has a mixed ownership structure, with significant stakes held by both institutional and individual investors. Individual insiders collectively possess the maximum shares in the company, holding a 43% stake. Founder, Chairman, and CEO Glenn Sanford is the largest individual shareholder, owning 25% of shares outstanding. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., iShares Core S&P Small-Cap ETF (IJR), Bank Of America Corp /de/, State Street Corp, and Renaissance Technologies Llc. Institutional investors hold a total of 78,596,360 shares.