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Total Agent Count
Tracks the number of agents in eXp’s network, the core driver of transaction volume and recurring fees. Rising agent counts point to successful recruitment and higher future revenue potential; declines or slowing growth signal retention issues that can quickly hit the top line.After rapid expansion through 2021–mid‑2023, the agent base has plateaued and drifted lower since late‑2023, suggesting saturation or rising churn amid tougher macro conditions. Management is shifting focus to monetization (SUCCESS, platform tools) and franchise expansion (NextHome) to extract more value per agent — which helps explain improving adjusted EBITDA — but NextHome’s near‑term lift is modest; watch NPS, international growth, and the mid‑year guidance reassessment for a recruiting inflection.
Date | Total Agent Count |
|---|---|
Jun 30, 2026 | 87.34K |
Mar 31, 2026 | 82.33K |
Dec 31, 2025 | 83.06K |
Sep 30, 2025 | 83.45K |
Jun 30, 2025 | 82.70K |
Mar 31, 2025 | 81.90K |
Dec 31, 2024 | 82.98K |
Sep 30, 2024 | 85.25K |
Jun 30, 2024 | 87.11K |
Mar 31, 2024 | 85.78K |