Short answer
eXp World Holdings, Inc. (EXPI) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.3B (up 6.9% year over year) with net income of $3M.
Q3 2025 key financials · XBRL
- Revenue
- $1.3B
- +6.9% YoY · +0.6% QoQ
- Net income
- $3M
- +141.1% YoY · +252.6% QoQ
- Operating margin
- 0.3%
- EPS (diluted)
- $0.03
- +150.0% YoY · +250.0% QoQ
Source: XBRL data from the eXp World Holdings, Inc. (EXPI) Q3 2025 10-Q on SEC EDGAR. USD.
eXp World Holdings, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- U.S. existing-home transactions 4.06M, up 4.1% YoY
- Existing-home median price $415,200, up 2.1% YoY
- Inventory 1.55M homes, up from 1.36M YoY
- Mortgage rate 6.30% vs 6.08% YoY, pressuring demand
- Outlook: challenging market from higher rates, inflation, tariffs, equity volatility, and geopolitical unrest
Risk Factors
- Newly disclosed concentration risk: Glenn and Penny Sanford reported 27.19% and 17.35% ownership on March 4, 2025
- Most material legal update: $34.0 million Hooper settlement received preliminary approval May 23, 2025, pending final approval and appeals
- Regulatory risk: NAR rules prohibit MLS compensation offers and require written buyer agreements before tours
- Near-term market risk: High mortgage costs and declining affordability reduced buyer demand, transaction volumes, and agent productivity
- Competitive legal risk: July 2025 Compass lawsuit alleged Zillow anticompetitive conduct involving other industry participants, including eXp
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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