eXp World Holdings, the holding company of eXp Realty, announced its financial results for the first quarter of 2026. Revenue grew 5% year-over-year to $1 billion with an adjusted EBITDA of $4.1 million, an 88% increase from $2.2 million in Q1 2025. The company reported a net loss of $11 million and net loss per diluted share of $0.07 with operating expenses of $84.1 million, which were down 3% year-over-year.
Net cash provided by operating activities was $20.6 million, down from $39.8 million in the prior year’s quarter. Total number of agents and brokers engaged on the eXp Realty platform saw a 1% increase year-over-year, and real estate sales transactions increased 2% year-over-year to 91,598. Real estate sales volume grew 5% year-over-year to $40.7 billion.
“Our first quarter results exceeded our revenue expectations as agent productivity continues to increase,” said Leo Pareja, eXp Realty CEO. “We have always been a company built by agents, built for agents, and this quarter we’ve taken a meaningful step in broadening that mission. The addition of NextHome creates maximum optionality across our platform. This multi-model approach serves the full spectrum of real estate entrepreneurs on a single, unified global platform that empowers every agent to grow their business on their own terms.”
Full-year 2026 guidance now includes revenue between $4.85 billion to $5.15 billion with an adjusted EBITDA between $50 million to $75 million.
“With the acquisition of NextHome, eXp World Holdings has evolved into a borderless, multi-model leader,” said Glenn Sanford, eXp World Holdings Founder, Chairman and CEO. “This strategic move, punctuated by our new ticker ‘AGNT,’ reflects our position as a forward-thinking operating platform built to power the modern agent. By integrating a best-in-class franchise vehicle into our technology-driven ecosystem, we are providing the infrastructure for agent entrepreneurs to scale without the traditional friction of brick-and-mortar overhead. This evolution makes our entire network more valuable for everyone, creating a more durable organization designed to thrive throughout any market cycle.”
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