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Xp Realty's agent count has reversed a year-long decline, growing by 800 agents in the second quarter to reach 82,704 at the end of June. While this represents a 5% decrease from last year, it marks the first quarterly growth for the company in a year. CEO Leo Pareja attributed this success to eXp's strategies and programs aimed at attracting and retaining agents.

    The brokerage has been particularly focused on recruiting teams by offering incentives and bolstering its sponsorship programs, including a new Co-Sponsor initiative launched in May. Pareja highlighted several recent recruiting wins during the company's earnings call, which also saw revenue meet expectations at $1.3 billion, up 1% from last year.

    Financial losses improved over the previous quarter, but eXp's CEO expressed concern about the national debt and its impact on mortgage interest rates. He stated that a flat year-over-year transaction pace in 2025 would be considered a "win" for the company.

    Key financial metrics include:

    * Revenue: $1.3 billion, up 1% from last year

    * Cash and cash equivalents: $94.6 million at the end of June

    * Net income/loss: A loss of $2.3 million in Q2, an improvement over Q1 but down from a net gain of $11.8 million last year

    * Adjusted EBITDA: $11.2 million in Q2, down from $32.8 million last year

    eXp also highlighted several notable moves during the earnings call, including its plans to grow SUCCESS magazine and media operations, as well as recent recruiting wins such as large teams from Arizona and Nebraska.