eXp World Holdings Inc (NASDAQ:EXPI) Tops Q3 2025 Revenue Forecasts

eXp World Holdings Inc (NASDAQ:EXPI) has announced its financial results for the third quarter of 2025, delivering a performance that surpassed analyst revenue expectations while meeting profit forecasts. The real estate technology firm's results highlight a period of steady growth amidst a mixed operational landscape, prompting a measured response from investors.

Financial Performance vs. Estimates

The company's top-line performance for the quarter ended September 30, 2025, demonstrated clear strength, exceeding the consensus view among analysts. Meanwhile, profitability aligned precisely with market expectations.

• Revenue: Actual revenue reached $1.32 billion, a 7% increase compared to the $1.23 billion reported in the same quarter last year. This figure came in above the analyst estimate of $1.27 billion.
• Earnings Per Share (EPS): The company reported a GAAP net income of $3.5 million, translating to earnings of $0.02 per diluted share. This matched the analyst consensus estimate of $0.02 per share.

Market Reaction

The market's initial reaction to the earnings report has been moderately positive. Following the release, the stock saw an after-market increase of approximately 1.03%. This uptick suggests that investors are responding favorably to the revenue beat and the company's return to profitability, especially when viewed against a broader recent downtrend for the stock over the past two weeks and month.

Operational and Financial Highlights

Beyond the headline revenue and profit figures, the earnings release detailed several key operational and financial metrics that paint a more complete picture of the company's health and strategy.

• Cash and Capital Returns: The company maintained a strong liquidity position, with cash and cash equivalents of $112.8 million. It also returned $24.1 million to shareholders through a combination of $16.4 million in stock repurchases and $7.7 million in cash dividends.
• Key Operational Metrics: While financials improved, the company's agent count saw a slight contraction, decreasing by 2% to 83,446 agents. However, this was offset by increased productivity, as real estate sales volume grew 7% to $54.1 billion and the number of transactions increased by 3%.
• Profitability Measures: On a non-GAAP basis, which management uses to assess core operational performance, adjusted EBITDA was $17.7 million. The company also generated $28.9 million in net cash from operating activities.

Management Outlook and Analyst Expectations

The press release from eXp World Holdings did not include a specific quantitative financial outlook for the coming quarters or the full year. Management commentary, led by CEO Glenn Sanford and eXp Realty CEO Leo Pareja, emphasized the strength of their agent-centric model, strategic investments in technology—including a focus on AI—and a commitment to agent resources as drivers for future growth.

In the absence of company guidance, investor attention will likely turn to existing analyst projections. For the upcoming fourth quarter of 2025, analysts are currently estimating sales of $1.15 billion. For the full 2025 year, the sales estimate stands at $4.73 billion.

Conclusion

eXp World Holdings' third-quarter results present a narrative of financial resilience, characterized by a solid revenue beat and a return to GAAP profitability. The positive after-hours trading indicates the market views these results as a constructive step, particularly against a backdrop of recent share price weakness. The focus for the company remains on balancing agent growth with enhanced agent productivity and continuing its technological innovation to drive future performance.

For a more detailed breakdown of historical earnings and future analyst estimates for eXp World Holdings, you can review the data here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The author has no position in any stock mentioned. Investors should conduct their own research and consider their individual financial circumstances before making any investment decisions.