eXp World Holdings, the holding company for eXp Realty, announced its financial results for the fourth quarter and full-year 2024.
Full-year revenue for the company reached $4.6 billion, a 7% increase year-over-year, with adjusted EBITDA of $75.5 million. Fourth quarter revenue was $1.1 billion with an adjusted EBITDA of $7.7 million. Real estate transactions and transaction volume increased 3% and 9% respectively from 2023. Agents and brokers on the eXp Realty platform saw a 5% decline year-over-year to 82,980 at the end of 2024.
“At eXp, we redefine what’s possible in real estate, with our agent-centric platform offering unlimited growth opportunities for agents,” said Glenn Sanford, eXp World Holdings Founder, Chairman and CEO. “I’m especially proud that we issued 1.8 million shares to agents, at an estimated value of $22 million in 2024. We ended the year with strong momentum, with our top 10 U.S. agents closing over $100 million of transaction volume in December alone. We are the platform where the pros go to grow, and we look forward to more exciting announcements in the weeks and months ahead.”
The company ended 2024 with cash and cash equivalents of $113.6 million, down from $125.9 million at the end of 2023.
