Bitcoins <\/p>\n
eXp World Holdings<\/strong>, the parent company of eXp Realty<\/a><\/strong>, reported first-quarter 2025 earnings on Tuesday that highlighted modest growth in revenue, an assertive stance on real estate<\/a> listing transparency and investments in artificial intelligence<\/a> (AI).<\/p>\n The company reported revenue of $954.9 million for the quarter, an increase of 1% year over year. Adjusted EBITDA was $2.2 million.<\/p>\n Cash and cash equivalents rose to $115.7 million, compared to $109.2 million in the the first quarter of 2024. eXp generated $39.8 million in net cash from operating activities and adjusted operating cash flow of $28.2 million.<\/p>\n The company\u2019s total agent<\/a> count stood at 81,904 at the end of March, a 5% decrease from one year earlier. But global transaction volume rose 4% to $38.6 billion.<\/p>\n Transaction sides declined 2% to 89,643. And eXp\u2019s agent net promoter score \u2014 a key measure of customer satisfaction \u2014 increased to 78, up from 73 a year earlier.<\/p>\n eXp Realty CEO Leo Pareja<\/a> focused his remarks during the earnings call on the company\u2019s response to industry policy shifts, especially the National Association of Realtors\u2019<\/a><\/strong> (NAR) updated Clear Cooperation Policy<\/a>.<\/p>\n \u201cWe believe that delayed marketing will create customer confusion and we are not participating,\u201d Pareja said. \u201cOn April 10, we announced our partnership<\/a> with Zillow<\/a><\/strong>, where we committed to launching all eXp listings on the first day of advertising.\u201d<\/p>\n He said the brokerage is making its listings available through advancing programming interfaces (APIs) to all major real estate portals \u2014 including Zillow, Redfin<\/a><\/strong>, Trulia<\/strong> and Homes.com<\/a><\/strong> \u2014 to ensure maximum exposure for consumers.<\/p>\n \u201cIf the (virtual office website) feeds could have been isolated and kept away from small, independent startup companies like the one Glenn [Sanford<\/a>] founded, we would not be here today,\u201d Pareja said. \u201cWe believe in an open market that allows any startup the ability to compete if they have a valuable proposition for both consumers and agents alike.\u201d<\/p>\n Sanford, the founder and CEO of eXp World Holdings<\/a>, opened his comments by framing eXp as a broader platform comprised of four interconnected businesses: eXp Realty North America<\/strong>; its international brokerage division; Success Enterprises<\/strong>; and its virtual technology platform, Frame VR<\/strong>.<\/p>\n \u201cFor us, this isn\u2019t just a collection of business units,\u201d Sanford said. \u201cIt\u2019s a platform business made up of four strategic parts, designed to serve agents at every level of their growth journey.\u201d<\/p>\n Sanford stressed that eXp Realty North America remains the company\u2019s \u201cengine of profitability\u201d that gives the company long-term reinvestment capability without the need to raise capital.<\/p>\n That foundation, he said, has made it possible to expand globally, deepen its technology<\/a> stack and maintain operational flexibility.<\/p>\n \u201cOur North Star remains clear: to build the most agent-centric real estate brokerage on the planet,\u201d Sanford said. \u201cEvery decision, every investment, every innovation is filtered through that lens.\u201d<\/p>\n Sanford also emphasized the company\u2019s growing investment in AI and digital infrastructure, calling these long-term bets aimed at reshaping how agents operate.<\/p>\n \u201cWe\u2019ve made heavier and intentional investments in technology and AI, particularly in the last few quarters,\u201d he said. \u201cThese are not short-term bets. We believe the real returns on AI-driven productivity, automation and platform leverage will show up meaningfully in future periods, and we\u2019re building now for that future.\u201d<\/p>\n He added that Frame VR is part of the long-term strategy to enable a 24\/7 globally connected collaboration.<\/p>\n \u201cFrame is how we future-proof our community infrastructure,\u201d Sanford said. \u201cIt\u2019s not just virtual meeting space \u2014 it\u2019s the architecture of what agent collaboration will look like in the AI era.\u201d<\/p>\n Pareja noted that eXp\u2019s international footprint has sharpened the company\u2019s perspective on the value of clean, consistent real estate data.<\/p>\n \u201cIf you see and experience what we see outside of North America, you have a different appreciation for the complete dataset that we enjoy in this country,\u201d he said. \u201cOutside of the U.S. and Canada, it is a fragmented dataset that is inconsistent, with confusion that leads to longer days on market and much more difficulty in the execution process.\u201d<\/p>\n This contrast, reinforces the importance of maintaining open and accessible listing data, he said.<\/p>\n To support agent attraction and mentorship, eXp launched a new co-sponsorship program<\/a> on May 1. <\/p>\n The initiative allows a new agent to be supported by a primary and co-sponsor, both of whom can earn revenue sharing benefits.<\/p>\n \u201cThe power of two \u2014 that\u2019s one primary sponsor plus a co-sponsor \u2014 will help agents reach unlimited potential, double the insights and double the impact,\u201d Pareja said. \u201cThis co-sponsorship program was built on a basic framework: Let\u2019s enable more leaders to support and attract agents beyond their direct organization.\u201d<\/p>\nPush for real estate listing transparency<\/h2>\n
\u2018A platform business\u2019<\/h2>\n
AI investments, long-term productivity<\/h2>\n
Global experience reinforces data commitment<\/h2>\n