Corrects revenue growth percentage to 8.5% from 8% in headline and first bullet of overview

Overview

• Real estate platform's Q4 revenue rose 8.5% yr/yr

• Adjusted EBITDA for Q4 significantly missed analysts' expectations

• Company distributed $87 mln to shareholders in fiscal 2025

Outlook

• eXp expects Q1 2026 revenue between $960 mln and $980 mln

• Company projects full-year 2026 revenue of $4.85 bln to $5.15 bln

• eXp anticipates full-year 2026 adjusted EBITDA between $50 mln and $75 mln

Result Drivers

• TECH EXPANSION - Expanded into seven new countries using a tech-first approach, enhancing agent productivity

• AI INTEGRATION - Integrated AI into business operations, including LYVVE international search engine and SUCCESS+ coaching platform

Company press release: ID:nGNXc3XcxQ

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 $11.50, about 57.8% above its February 23 closing price of $7.29

• The stock recently traded at 97 times the next 12-month earnings vs. a P/E of 617 three months ago

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