eXp Posts Better Q1, Recasts as Multi-Model Agent Platform After NextHome Deal

Overview

• eXp World Holdings, which reported results Monday, delivered $1.0 billion in Q1 revenue and $4.1 million in adjusted EBITDA as losses narrowed on 2025 cost cuts.
• For Q2, the company guided to $1.36 billion to $1.45 billion in revenue and $16 million to $21 million in adjusted EBITDA, and it kept its full-year targets with plans to revisit them midyear.
• The NextHome purchase adds about 5,500 agents across more than 500 U.S. franchises and will continue operating as an autonomous division within eXp.
• Leaders said the franchise path brings steadier, contract-based fees and higher gross margins, opening doors to independents, teams and offices that did not fit eXp’s cloud-brokerage model.
• Executives credited streamlining for lower operating expenses and a smaller loss, and they highlighted international as the fastest-growing segment with 27% year-over-year growth.