eXp World Holdings Inc
F:44Y
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eXp World Holdings Inc
F:44Y
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US |
eXp World Holdings Inc
eXp World Holdings is the parent company of eXp Realty, a real estate brokerage that lets agents work in a cloud-based model instead of through a traditional branch office network. Its main business is residential real estate brokerage services: helping agents list, market, and close home sales, while also giving them the tools, training, and support they need to work remotely. The company also has software and virtual collaboration businesses tied to its online workplace approach. Its main customers are real estate agents and, through those agents, home buyers and sellers. The company makes money mostly by taking a share of brokerage commissions from completed property transactions and by charging agents for certain business services, technology, and support. That means its revenue depends on housing turnover and on attracting and keeping productive agents who want a lower-overhead, digital-first brokerage. What makes eXp different is its virtual, agent-centric structure. Instead of owning a large network of physical offices, it relies on online tools, remote collaboration, and a revenue-sharing model that can appeal to agents who want more flexibility and a larger share of their commissions. In simple terms, it sits in the middle of the home-sale process as a technology-enabled brokerage, not a homebuilder, lender, or property owner.
eXp World Holdings is the parent company of eXp Realty, a real estate brokerage that lets agents work in a cloud-based model instead of through a traditional branch office network. Its main business is residential real estate brokerage services: helping agents list, market, and close home sales, while also giving them the tools, training, and support they need to work remotely. The company also has software and virtual collaboration businesses tied to its online workplace approach.
Its main customers are real estate agents and, through those agents, home buyers and sellers. The company makes money mostly by taking a share of brokerage commissions from completed property transactions and by charging agents for certain business services, technology, and support. That means its revenue depends on housing turnover and on attracting and keeping productive agents who want a lower-overhead, digital-first brokerage.
What makes eXp different is its virtual, agent-centric structure. Instead of owning a large network of physical offices, it relies on online tools, remote collaboration, and a revenue-sharing model that can appeal to agents who want more flexibility and a larger share of their commissions. In simple terms, it sits in the middle of the home-sale process as a technology-enabled brokerage, not a homebuilder, lender, or property owner.
Profitability: The company said Q1 gross profit reached $75.3 million, operating loss improved to $8.8 million from $10.4 million a year ago, and adjusted EBITDA came in at $4.1 million, above the midpoint of guidance.
Segment strength: North America Realty generated $965.1 million of revenue and $10 million of adjusted EBITDA, while International was described as the fastest-growing segment, up 27% in Q1.
Outlook: Management reaffirmed full-year 2026 guidance but said it will reassess at midyear because of growing macro uncertainty and less visibility into the second half.
NextHome deal: Leaders framed the NextHome acquisition as a strategic move that opens a second business model for independent brokers and franchises, but they said its financial contribution will be modest in the near term and is not included in 2026 guidance.
Platform story: Glenn Sanford said the company’s new ticker, AGNT, reflects a broader platform built around four connected offerings: North America, International, FrameVR and SUCCESS.
SUCCESS rebuild: Management said SUCCESS has been heavily reworked, staffing has been cut about 60%, and early products are already generating revenue, with a goal of making it net income positive by 2027.
