eXp's new pitch: One platform, more ways to grow

"Operating expenses declined 3% to $84.1 million, reflecting cost-cutting measures implemented over the past year. Real estate sales volume increased 5% to $40.7 billion while transaction sides climbed 2% to 91,598. Agent count on the eXp Realty platform grew 1% year-over-year to 82,332 agents and brokers as of March 31."

"We have always been a company built by agents, built for agents, and this quarter we've taken a meaningful step in broadening that mission, says Pareja. The addition of NextHome creates maximum optionality across our platform. This multi-model approach serves the full spectrum of real estate entrepreneurs on a single, unified global platform that empowers every agent to grow their business on their own terms."

"Chief Financial Officer Jesse Hill said the company's profitability improvements were driven in part by streamlining efforts initiated in 2025. More recently, we executed the strategic NextHome acquisition using cash on hand and zero debt, he said. Moving forward, we remain committed to maintaining our financial discipline, with an acute focus on continued operational efficiency and cost management."

"The acquisition of NextHome marks a significant strategic shift for eXp, which built its brand around a cloud-based brokerage model. The addition of a franchise platform gives the company access to brokerages and agents that may not have previously aligned with eXp's structure, leaders said. NextHome has more than 500 franchisees across the United States and will continue operating its franchise brand within the eXp ecosystem."

Operating expenses declined 3% to $84.1 million due to cost-cutting measures implemented over the past year. Real estate sales volume increased 5% to $40.7 billion, and transaction sides rose 2% to 91,598. Agent count on the eXp Realty platform grew 1% year-over-year to 82,332 agents and brokers as of March 31. The NextHome acquisition was executed using cash on hand and zero debt, and profitability improvements were supported by streamlining efforts initiated in 2025. NextHome adds a franchise model to the cloud-based brokerage platform, expanding access to brokerages, agents, franchise operators, and larger office structures. NextHome will continue operating its franchise brand within the eXp ecosystem, with more than 500 franchisees in the United States.

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