EXPI stock reports Q2 revenue growth as earnings stay negative

Published on 09/29/2026 at 18:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EXPI stock was at EUR 3.11 at Lang & Schwarz on September 29, 2026, up 0.65 percent from the prior close. Q2 revenue reached USD 1.4 billion.

EXPI, US30212W1009, Illustration mit AI erstellt.

EXPI stock was at EUR 3.11 at Lang & Schwarz on September 29, 2026 at 6:48 p.m. CEST, up 0.65 percent from the prior close of EUR 3.09. The latest operating picture combines double-digit revenue growth with a continuing GAAP loss, giving the market a mixed earnings profile.

Revenue grows in Q2

According to Yahoo Finance on August 4, 2026, eXp World Holdings generated USD 1.4 billion of revenue in Q2 2026, up 11.00 percent year over year. The company also reported USD 98.8 million in gross profit, an increase of 7.00 percent from the prior-year quarter.

The operating metrics explain the sales expansion. The company ended Q2 with 87,338 agents, up 6.00 percent year over year, while real estate transactions reached 132,000, up 12.00 percent. International revenue rose 44.00 percent to USD 46.4 million, making that segment the fastest-growing part of the business.

Profitability remains the test

Adjusted EBITDA reached USD 25.7 million in Q2 2026, up 129.00 percent year over year and above the company's USD 21.0 million guidance level, according to Yahoo Finance. Operating income was USD 1.6 million, compared with an operating loss in Q2 2025, while cash on the balance sheet stood at USD 111.2 million at June 30, 2026.

The headline risk is still earnings quality. MarketBeat reported on September 25, 2026 that Zacks Research upgraded the company from Strong Sell to Hold. The same report said quarterly EPS was a USD 0.02 loss against a USD 0.08 consensus profit, a USD 0.10 per-share shortfall.

Guidance sets the next checkpoint

Management kept full-year 2026 revenue guidance at USD 4.85 billion to USD 5.15 billion and set adjusted EBITDA guidance at USD 50.0 million to USD 60.0 million, according to Yahoo Finance. That range leaves execution, agent productivity and the conversion of revenue growth into GAAP profit as the central issues for the next report.

EXPI stock edges higher

At Lang & Schwarz, EXPI stock was trading at EUR 3.11 on September 29, 2026 at 6:48 p.m. CEST, up 0.65 percent versus the prior close of EUR 3.09 on September 28, 2026. The modest intraday gain leaves the Q2 growth and profitability figures as the clearest valuation context.