eXp World Holdings, the holding company for eXp Realty, announced its financial results for the fourth quarter and full-year 2025. Revenue for full-year 2025 increased by 4% to $4.8 billion, with fourth quarter revenue of $1.2 billion. Full-year adjusted EBITDA was $33.2 million, with $2.1 million in revenue in the fourth quarter.
Full-year real estate volume grew by 5% to $194 billion in 2025, while fourth quarter volume grew 8% year-over-year to $48.8 billion. Full-year real estate sales transactions grew 1% to 440,163 in 2025 and increased 6% year-over-year in the fourth quarter.
“2025 was a defining year for eXp Realty, validating our belief that transparency and agent empowerment are the only sustainable paths forward,” said Leo Pareja, eXp Realty CEO. “Our results reflect a year of relentless execution where the industry took notice of our momentum. We aggressively strengthened our value stack, from innovations in our AI-enabled platform to the rollout of the co-sponsor program, and key leadership appointments that position us for scale. We expect 2026 to be a pivotal year as our prior investments begin to yield margin improvements, driven by focused execution. We will also continue to assess opportunities to accelerate growth, expand our capabilities and drive long-term shareholder value. We believe our platform is well-positioned to drive durable, profitable growth while combining the speed of innovation with the operational trust our agents rely on to thrive.”
First quarter 2026 guidance now includes revenue between $960 million and $980 million with operating expenses between $82 million and $86 million with an adjusted EBITDA between $2 million and $5 million.
Full-year 2026 revenue is expected between $4.85 billion and $5.15 billion with operating expenses between $325 million and $345 million with an adjusted EBITDA between $50 million and $75 million.
“Our focus this year has been on building a boundary-less platform where technology and community converge,” said Glenn Sanford, eXp World Holdings Founder, Chairman and CEO. “Using a tech-first playbook, we expanded into seven new countries with greater speed and efficiency and are accelerating agent productivity. By deeply integrating AI into our business, from our LYVVE international search engine to the revitalized SUCCESS+ coaching platform under my oversight, we are equipping agents with future-proof tools that support agents’ growth better than any other platform in the world.”
