eXp World Holdings (NASDAQ: EXPI) is the parent company for firms like eXp Realty and NextHome, Inc. It operates primarily through an innovative cloud-based real estate brokerage model. As highlighted by GlobeNewswire, the company recently acquired NextHome and announced its stock ticker will change to "AGNT," reflecting its strategy to unify different brokerage models.
On May 11, 2026, eXp World Holdings reported its first-quarter financial results. The company announced an earnings per share (EPS) of -$0.03. This figure, which shows the portion of a company's profit allocated to each share of stock, surpassed the consensus analyst estimate of a -$0.05 loss, indicating better-than-expected performance.
The company also posted revenue of approximately $1.01 billion, beating the analyst forecast of $971.32 million. This revenue growth was driven by an increase in agent productivity. The strong sales resulted in a gross profit of $75.3 million, which is the profit a company makes after deducting the costs associated with its services.
These results reflect improved operational efficiency. The company's operating loss improved by 15% to $8.8 million, a change management attributes to streamlining efforts. Furthermore, its adjusted EBITDA, a measure of core profitability, saw a significant 88% year-over-year increase to $4.1 million, surpassing the company's own guidance.
eXp World Holdings maintains a solid financial position, ending the quarter with $122 million in cash, a 6% increase from the previous year. The recent NextHome acquisition is central to its growth, creating what CEO Leo Pareja calls a "multi-model approach" to empower a wide range of diverse real estate entrepreneurs on a single platform.
