eXp World Q1 revenue beats estimates on agent productivity

Agnt

11/05/2026 12:54

Overview

US real estate brokerage platform's Q1 revenue rose 5%, beating analyst expectations

Q1 adjusted EBITDA rose 88% and beat analyst expectations

Company completed NextHome acquisition using cash on hand and no debt

Outlook

eXp sees Q2 revenue between $1.36 bln and $1.45 bln

Company expects Q2 adjusted EBITDA of $16 mln to $21 mln

eXp forecasts 2026 revenue between $4.85 bln and $5.15 bln

Result Drivers

AGENT PRODUCTIVITY - Co said increased agent productivity contributed to revenue exceeding expectations, per CEO Leo Pareja

OPERATIONAL EFFICIENCY - Co attributed improved adjusted EBITDA and financial position to focus on operational efficiency and cost management, per CFO Jesse Hill

NEXTHOME ACQUISITION - Integration of NextHome franchise model broadened platform and contributed to company evolution, per CEO Glenn Sanford

Company press release: ID:nGNX16qZBF

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1 bln
$971.32 mln (3 Analysts)
Q1 EPS
-$0.03
Q1 Net Income
-$5.10 mln
Q1 Adjusted EBITDA
Beat
$4.10 mln
$3.06 mln (3 Analysts)
Q1 Dividend
$0.05


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy"

Wall Street's median 12-month price target for eXp World Holdings Inc is $9.50, about 43.9% above its May 8 closing price of $6.60

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)