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Xp Realty reported a 7 % rise in Q3 revenue to $1.3 billion, while its agent roster reached 83,446 at September’s close—down 2 % YoY but up 750 from Q2, marking the second straight quarter of growth. CEO Leo Pareja said the firm is moving beyond its “disruptor” image, positioning itself as a mature incumbent capable of navigating industry consolidation, such as Compass’s planned acquisition of Anywhere. Pareja emphasized that eXp remains agent‑centric, viewing agents as the brand’s frontline, and that the company’s platform supports entrepreneurial agents worldwide.
Founder Glenn Sanford highlighted artificial‑intelligence tools that streamline operations. He cited an automated back‑office system that pre‑checks documents for accuracy and flags missing items, describing AI as the foundation for new efficiencies. CFO Jesse Hill noted a recent partnership with fintech firm Payload to automate payment processing, aiming to enhance the overall transaction experience.
Key financials: net income of $3.5 million (up from a $6.5 million loss a year earlier); adjusted EBITDA of $17.7 million (down from $23.9 million YoY); cash and equivalents at $112.8 million; and 121,516 transactions in Q3, a 3 % YoY increase.
Internationally, eXp expanded into South Korea in September and Japan in July, while adding U.S. teams such as The Archer Group (Georgia), The Slocum Home Team (Rhode Island), and The Denman Group (Massachusetts). The company’s stock fell about 2 % to $9.50 in after‑hours trading following the earnings release.
Overall, eXp’s continued agent acquisition, AI‑driven operational gains, and global growth are bolstering its bottom line amid a sluggish housing market, while the firm positions itself to thrive as the real‑estate landscape consolidates.