eXp World Holdings, the holding company for eXp Realty, announced its financial results for the second quarter of 2025. Compared to the second quarter of 2024, revenue in the second quarter of 2025 increased by 1% to $1.3 billion with total operating expenses of $1.31 billion. Adjusted EBITDA was $11.2 million with net cash provided by operating activities of $36.1 million.
Real estate sales transactions declined 2% year-over-year to 118,612 while real estate sales volume increased 1% to $52.5 billion. The number of agents and brokers on the eXp Realty platform fell 5% year-over-year to 82,704.
“eXp was built by agents, for agents and that foundation continues to fuel our momentum,” said Leo Pareja, eXp Realty CEO. “Our continued investments in the agent value stack and ongoing programs like the co-sponsor initiative are resonating with the best agents and teams in the industry. By putting innovation and agent opportunity at the core of everything we do, we’re not only attracting the most productive agents in the industry, we’re shaping a more transparent, competitive, and agent-empowered future for real estate.”
The company ended the quarter with cash and cash equivalents of $94.6 million, down from $108.4 million in the same period last year, and reflects the first $17 million installment related to its $34 million antitrust litigation settlement.
