How did eXp World Holdings (NASDAQ:EXPI) perform in Q1 2026?

eXp World Holdings reported first-quarter 2026 revenue of $1 billion, a 5% increase year-over-year. The company improved its bottom line with a net loss of $5.1 million ($0.03 per share), narrowing the deficit from the prior year. Adjusted EBITDA surged 88% to $4.1 million, supported by operating expense reductions and higher-margin ancillary services.

What drove the rise in adjusted EBITDA for eXp World Holdings?

Adjusted EBITDA increased 88% to $4.1 million due to a 3% reduction in operating expenses and a focus on high-margin ancillary services. Cost discipline and cloud infrastructure optimization contributed significantly to the improvement.

How did eXp World Holdings manage its cash position?

Operating cash flow remained healthy at $20.6 million, leaving the company with $122.1 million in cash and equivalents. This liquidity allowed eXp to finalize acquisitions and maintain dividends without incurring new debt.

What strategic moves did eXp make in Q1 2026?

During the quarter, eXp completed the acquisition of NextHome, a leading residential real estate franchisor. The transaction was funded entirely with cash on hand, expanding the company’s physical footprint and agent network while preserving a debt-free balance sheet.

How did eXp World Holdings handle shareholder returns?

The company paid a $0.05 per-share dividend for Q1 2026 and declared another $0.05 dividend for Q2. These payouts reflect confidence in cash flow and ongoing commitment to shareholder returns.

Tech

eXp World Holdings hits $1B revenue, forecasts strong 2026 growth

Written by Isaac FrancisPublished May. 11 2026Last Updated May. 11 2026

eXp World Holdings (NASDAQ:EXPI), the parent company of eXp Realty, posted first-quarter 2026 revenue of $1 billion, a 5% increase compared to the prior-year period.

The results were underscored by a dramatic 88% rise in adjusted EBITDA, which reached $4.1 million, driven by a 3% reduction in operating expenses as the company continues to optimize its global cloud infrastructure.

The company reported a net loss of $5.1 million, or $0.03 per share, a notable improvement from the previous year’s deficit.

Management attributed the stronger bottom-line performance to disciplined cost controls and an increase in high-margin ancillary services.

Operating cash flow for the quarter remained healthy at $20.6 million, leaving the company with $122.1 million in cash and equivalents.

During the quarter, eXp finalized its acquisition of NextHome, a leading franchisor in the residential real estate space.

The transaction was notably completed using cash on hand with no new debt issuance, a move that bolsters eXp’s physical footprint and agent count while maintaining a pristine balance sheet.

In a continued sign of confidence in its cash-generation capabilities, the company paid a $0.05 per-share dividend during the first quarter and declared a subsequent $0.05 dividend for the second quarter of 2026.

Following the quarterly beat, eXp issued robust guidance for the remainder of the year.

For the second quarter of 2026, the company expects revenue to land between $1.36 billion and $1.45 billion.

For the full fiscal year, management projects total revenue in the range of $4.85 billion to $5.15 billion.