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eXp World Holdings, Inc., together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. It operates through three segments: North American Realty, International Realty, and Other Affiliated Services. The company acts as a licensed broker for processing residential and commercial real estate transactions; and provides other real estate support services. It also offers FrameVR.io, a web-accessible proprietary technology offering immersive 3D platforms; magazine and its related media properties which provide training, classes, resources, and tools under the SUCCESS bran. It operates in Americas, Europe, the Middle East, Asia-Pacific, and South Africa. eXp World Holdings, Inc. was formerly known as eXp Realty International Corporation and changed its name to eXp World Holdings, Inc. in May 2016. The company was incorporated in 2008 and is headquartered in Bellingham, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.8B | $-12M | $-23M | $108M | -9.4% | 4.5% | 6.8% |
| 2024 | $4.6B | $30M | $-21M | $184M | -10.4% | 6.9% | 137.0% |
| 2023 | $4.3B | $11M | $-9M | $201M | -3.7% | -6.9% | -158.1% |
| 2022 | $4.6B | $26M | $15M | $198M | 6.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,589.68 | 4,273.82 | 4,567.67 | 4,772.31 |
| Operating Revenue | - | 4,589.68 | 4,273.82 | 4,567.67 | 4,772.31 |
| Cost Of Revenue | - | 4,228.50 | 3,953.90 | 4,225.28 | 4,438.73 |
| Gross Profit | - | 361.17 | 319.92 | 342.40 | 333.58 |
| Operating Expense | - | 344.82 | 319.40 | 322.46 | 355.04 |
| Research And Development | - | 54.20 | 59.55 | 58.18 | 69.62 |
| Selling General And Administration | - | 290.62 | 259.86 | 264.28 | 285.43 |
| Total Expenses | - | 4,573.32 | 4,273.30 | 4,547.74 | 4,793.78 |
| Operating Income | - | 16.36 | 0.52 | 19.94 | -21.47 |
| Total Operating Income As Reported | - | 16.36 | 0.52 | -18.99 | -21.47 |
| EBITDA | - | 26.20 | 11.41 | 30.22 | -11.90 |
| Normalized EBITDA | - | 26.20 | 11.41 | 69.16 | -11.90 |
| EBIT | - | 16.36 | 0.52 | 19.94 | -21.47 |
| Other Non Operating Income Expenses | - | 0.80 | 4.38 | 4.44 | 1.51 |
| Other Income Expense | - | -0.82 | 3 | -35.65 | 1.23 |
| Pretax Income | - | 15.54 | 3.52 | -15.72 | -20.23 |
| Tax Provision | - | -8.20 | -0.02 | 1.07 | 2.48 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -8.18 | 0 |
| Net Income Continuous Operations | - | 23.74 | 3.53 | -16.79 | -22.71 |
| Net Income From Continuing And Discontinued Operation | - | 15.44 | -8.97 | -21.27 | -22.71 |
| Net Income From Continuing Operation Net Minority Interest | - | 23.75 | 3.53 | -16.79 | -22.71 |
| Net Income | - | 15.44 | -8.97 | -21.27 | -22.71 |
| Net Income Common Stockholders | - | 15.44 | -8.97 | -21.27 | -22.71 |
| Net Income Including Noncontrolling Interests | - | 15.42 | -8.97 | -21.27 | -22.71 |
| Normalized Income | - | 23.75 | 3.53 | 13.97 | -22.71 |
| Diluted NI Availto Com Stockholders | - | 15.44 | -8.97 | -21.27 | -22.71 |
| Basic Average Shares | - | 151.04 | 153.23 | 153.68 | 156.88 |
| Diluted Average Shares | - | 156.22 | 156.77 | 153.68 | 156.88 |
| Reconciled Depreciation | - | 9.84 | 10.89 | 10.29 | 9.56 |
| Reconciled Cost Of Revenue | - | 4,228.50 | 3,953.90 | 4,225.28 | 4,438.73 |
| Total Unusual Items | - | 0 | 0 | -38.93 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -38.93 | 0 |
| Minority Interests | 0.06 | 0.02 | 0 | 0 | - |
| Net Income Discontinuous Operations | - | -8.31 | -12.51 | -4.48 | 0 |
| Special Income Charges | - | 0 | 0 | -38.93 | 0 |
| Other Special Charges | - | - | - | 34 | - |
| Write Off | - | 0 | 0 | 4.93 | 0 |
| General And Administrative Expense | - | 275.44 | 247.80 | 252.37 | 274.87 |
| Other Gand A | - | 275.44 | 247.80 | 252.37 | 274.87 |
| Selling And Marketing Expense | - | 15.17 | 12.06 | 11.91 | 10.56 |
| Earnings From Equity Interest | - | -1.62 | -1.39 | -1.17 | -0.28 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| eXp World Holdings, Inc.this co. | EXPI | $1.1B | -47.26 | 4.42 | -9.4% | - |
| Easterly Government Properties, Inc. | DEA | $1.1B | 87.80 | 0.86 | 1.0% | 13.79 |
| Marcus & Millichap, Inc. | MMI | $1.1B | - | 1.88 | -0.3% | 59.90 |
| Piedmont Realty Trust, Inc. | PDM | $1.1B | - | 0.75 | -5.6% | 12.39 |
| Chimera Investment Corporation | CIM |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.1B |
| 7.69 |
| 0.43 |
| 5.6% |
| - |
| Safehold Inc. | SAFE | $1.1B | 9.51 | 0.45 | 4.8% | 16.59 |
| Service Properties Trust | SVC | $1.1B | -5.28 | 1.65 | -31.3% | 12.79 |
| Centerspace | CSR | $1.1B | 60.46 | 1.48 | 2.4% | 11.35 |
| Whitestone REIT | WSR | $992M | 19.86 | 2.16 | 10.9% | 13.51 |
| Peer Median | - | 14.69 | 1.17 | 1.7% | 13.51 | |