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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 |
| 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 |
| Operating Income | - | 16.36 | 0.52 | 19.94 | -21.47 |
| EBITDA | - | 26.20 | 11.41 | 30.22 | -11.90 |
| EBIT | - | 16.36 | 0.52 | 19.94 | -21.47 |
| Pretax Income | - | 15.54 | 3.52 | -15.72 | -20.23 |
| Tax Provision | - | -8.20 | -0.02 | 1.07 | 2.48 |
| Net Income | - | 15.44 | -8.97 | -21.27 | -22.71 |
| Net Income Common Stockholders | - | 15.44 | -8.97 | -21.27 | -22.71 |
| Total Expenses | - | 4,573.32 | 4,273.30 | 4,547.74 | 4,793.78 |
| Research And Development | - | 54.20 | 59.55 | 58.18 | 69.62 |
| Selling General And Administration | - | 290.62 | 259.86 | 264.28 | 285.43 |
| Normalized EBITDA | - | 26.20 | 11.41 | 69.16 | -11.90 |
| Normalized Income | - | 23.75 | 3.53 | 13.97 | -22.71 |
| Market Cap | 1,027.28 | 1,027.28 | 1,027.28 | 1,027.28 | 1,027.28 |
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 | - | -45.23 | 4.23 | -9.4% | - |
| Seven Hills Realty Trust | SEVN | $182M | 8.97 | 0.55 | 4.6% | - |
| Douglas Elliman Inc. | DOUG | $174M | 11.59 | 0.95 | 8.3% | -46.49 |
| Modiv Industrial, Inc. | MDV | $165M | - | 1.01 | 0.5% | 13.16 |
| ACRES Commercial Realty Corp. | ACR | $151M |
| - |
| - |
| - |
| - |
| - |
| - |
| 688.67 |
| 0.32 |
| 3.9% |
| - |
| Clipper Realty Inc. | CLPR | $144M | - | -1.79 | 24.6% | 17.96 |
| RPT | RPT | $109M | - | 0.45 | 0.5% | - |
| Sunrise Realty Trust, Inc. | SUNS | $100M | 7.98 | 0.55 | 6.7% | - |
| Franklin Street Properties Corp. | FSP | $65M | - | 0.11 | -7.4% | 8.75 |
| Peer Median | - | 10.28 | 0.50 | 4.3% | 10.96 | |