eXp World Holdings Inc. Reports Strong Q3 Results, Shares Surge Over 11%

eXp World Holdings Inc. (NASDAQ: EXPI) released its third‑quarter 2025 earnings on November 6, reporting a 7 % year‑over‑year rise in revenue to $1.32 billion. The company also turned a net profit of $3.5 million—$0.02 per share under GAAP—after a period of losses, signaling a potential turnaround for its cloud‑based real estate brokerage model.

Revenue Growth Amid a Competitive Market

The 7 % increase in revenue reflects continued expansion of eXp’s agent‑owned brokerage platform in the United States. The company’s cloud‑based solutions allow real estate agents to operate remotely while benefiting from shared marketing and technology infrastructure, a proposition that appears to be resonating with both agents and buyers.

Bottom‑Line Improvement

While the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) remain modest, the shift to profitability in Q3 is noteworthy. A net income of $3.5 million (or $0.02 per share) marks a stark contrast to the negative earnings reported in previous quarters, and the positive gross margin suggests operational efficiencies are beginning to materialize.

Market Reaction

The earnings announcement prompted a swift and robust market response. On the day of the release, eXp’s stock closed 11.34 % higher, outperforming the broader market, which gained only 0.13 % on the S&P 500. The surge lifted the share price above the 52‑week high of $14.85, bringing it within reach of its peak level set on November 11, 2024. At the close on November 5, 2025, the stock traded at $9.70, a modest rebound from the 52‑week low of $6.90 recorded on May 6, 2025.

Investor Sentiment and Insider Activity

Despite the positive earnings report, an insider selling alert noted that Randall Miles sold 10,000 shares of eXp on November 5. While insider selling is not uncommon, it highlights the importance of monitoring shareholder activity as the company continues to navigate its growth trajectory.

Financial Snapshot

  • Market Capitalization: $1.58 billion
  • Price‑Earnings Ratio: –52.1 (reflecting the recent shift from losses to modest profits)
  • Currency: USD
  • Primary Exchange: Nasdaq

Outlook

With the recent earnings turnaround, eXp World Holdings appears better positioned to capitalize on its cloud‑based brokerage model. The company’s focus on agent‑ownership and technology‑enabled service delivery may offer a sustainable competitive edge in an industry that increasingly values digital transformation. Investors will likely monitor future earnings releases and operational metrics to gauge whether the company can sustain growth and move toward more robust profitability.