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eXp World Holdings Inc (EXPI)
NASDAQ:EXPI
Top Page
eXp World Holdings
(NASDAQ:EXPI)63Neutral
Positive Factors
Earnings
EXp reported fourth-quarter results that exceeded top- and bottom-line expectations.
Negative Factors
Agent Count
Total agent count declined by about 2,269 sequentially, which was much lower than the agent count estimate for the quarter.
Housing Market
The housing market may remain sluggish over the next 18-36 months.
eXp World Holdings (EXPI) vs. S&P 500 (SPY)
Market Cap
$1.53B
Dividend Yield2.05%
Average Volume (3M)967.19K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue Growth6.69%
EPS Growth-137.52%
CountryUS
Employees2,114
SectorReal Estate
Sector Strength72
IndustryReal Estate
Share Statistics
EPS (TTM)-0.14
Shares Outstanding154,133,390
10 Day Avg. Volume1,420,308
30 Day Avg. Volume967,189
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.33
Price to Cash Flow (P/CF)27.40
P/FCF Ratio27.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering2
eXp World Holdings Business Overview & Revenue Model
Company DescriptioneXp World Holdings, Inc. (EXPI) is a technology-driven real estate company headquartered in the United States. It operates one of the fastest-growing real estate brokerage firms in the world, eXp Realty, which utilizes a cloud-based platform to offer a wide range of residential real estate services. The company also develops and operates Virbela, a virtual world platform that supports remote work and collaboration, and Success Enterprises, which provides personal development content and coaching. eXp World Holdings is known for its innovative approach to real estate, leveraging technology to enhance the buying, selling, and leasing processes for both agents and clients.
How the Company Makes MoneyeXp World Holdings primarily generates revenue through its real estate brokerage operations under eXp Realty. The company earns commissions from real estate transactions conducted by its network of independent agents. These commissions are shared between the company and the agents, with eXp Realty retaining a portion as its revenue. Additionally, eXp World Holdings benefits from its virtual world platform, Virbela, which provides software solutions for remote collaboration, contributing to its revenue through licensing and subscription fees. The company also generates income from Success Enterprises by offering personal development programs and coaching services. eXp's innovative revenue-sharing model and stock compensation plan for agents, which incentivizes growth and productivity, further enhances its earnings potential.
eXp World Holdings Financial Statement Overview
Summary
eXp World Holdings demonstrates strong revenue growth and a stable balance sheet with no debt leverage. However, consistent net losses and declining profitability margins present challenges to financial performance. The company maintains a healthy cash flow position, but recent declines in free cash flow growth may indicate future cash constraints if not addressed.Income Statement
The company shows significant revenue growth over the years, with a compound annual growth rate (CAGR) from 2019 to 2024, indicating strong market expansion. However, profitability margins such as Gross Profit Margin and Net Profit Margin are concerning, with negative figures in recent years, reflecting operational challenges and net losses.65
Positive
Balance Sheet
The balance sheet indicates a strong equity base with no significant debt, resulting in a favorable debt-to-equity ratio of 0. This provides financial stability and low leverage risk. However, the declining stockholders' equity and net losses may affect the return on equity in the long term.75
Positive
Cash Flow
The company's cash flow position is robust, with consistent positive free cash flow and operating cash flow exceeding net income, indicating efficient cash generation. Nevertheless, declining free cash flow in the most recent year suggests potential challenges in sustaining this performance.70
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 4.45B | 4.57B | 4.28B | 4.60B | 3.77B | 1.80B | Gross Profit |
| 334.39M | 4.57B | 324.05M | 366.90M | 296.03M | 159.61M | EBIT |
| -10.52M | -18.99M | -16.46M | 5.41M | 34.15M | 31.59M | EBITDA |
| 17.97M | -18.99M | 3.63M | 15.25M | 40.40M | 35.58M | Net Income Common Stockholders |
| -32.96M | -21.27M | -8.97M | 15.44M | 81.22M | 31.13M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 113.61M | 113.61M | 126.86M | 121.59M | 108.24M | 100.14M | Total Assets |
| 390.72M | 390.72M | 385.67M | 381.68M | 413.83M | 242.19M | Total Debt |
| 0.00 | 0.00 | 10.00K | 869.00K | 1.08M | 820.00K | Net Debt |
| -113.61M | -113.61M | -126.85M | -120.72M | -107.16M | -99.32M | Total Liabilities |
| 185.85M | 185.85M | 141.66M | 132.69M | 190.29M | 99.60M | Stockholders Equity |
| 204.87M | 204.87M | 242.84M | 247.82M | 222.17M | 141.58M |
| Cash Flow | Free Cash Flow | ||||
| 203.01M | 185.03M | 201.17M | 198.48M | 233.47M | 113.22M | Operating Cash Flow |
| 210.41M | 191.51M | 209.13M | 210.53M | 246.89M | 119.66M | Investing Cash Flow |
| -16.31M | -19.47M | -13.50M | -22.46M | -18.92M | -16.96M | Financing Cash Flow |
| -170.45M | -170.38M | -184.09M | -204.51M | -179.92M | -21.89M |
eXp World Holdings Technical Analysis
Negative
9.95
Price Trends
11.07
Negative
12.17
Negative
12.22
Negative
Market Momentum
-0.35
Positive
37.63
Neutral
9.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EXPI, the sentiment is Negative. The current price of 9.95 is below the 20-day moving average (MA) of 10.62, below the 50-day MA of 11.07, and below the 200-day MA of 12.22, indicating a bearish trend. The MACD of -0.35 indicates Positive momentum. The RSI at 37.63 is Neutral, neither overbought nor oversold. The STOCH value of 9.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EXPI.
eXp World Holdings Risk Analysis
eXp World Holdings disclosed 42 risk factors in its most recent earnings report. eXp World Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
eXp World Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $2.60B | 24.93 | 3.51% | ― | 8.31% | -49.90% | |
63 Neutral | $1.53B | ― | -10.38% | 2.05% | 6.69% | -137.52% | |
61 Neutral | $4.91B | 18.99 | -3.12% | 7.77% | 6.71% | -19.69% | |
60 Neutral | $17.96B | ― | -2.31% | ― | 14.96% | 29.56% | |
59 Neutral | $4.81B | ― | -37.71% | ― | 15.23% | 55.04% | |
45 Neutral | $802.57M | ― | 199.35% | ― | -4.16% | -17.19% | |
44 Neutral | $875.46M | ― | -54.98% | ― | -25.81% | -34.43% |
* Real Estate Sector Average
Performance Comparison
EXPI
eXp World Holdings
9.95
-2.07
-17.22%
ZG
Zillow Group Class A
72.79
18.76
34.72%
RDFN
Redfin
6.35
-0.06
-0.94%
REZI
Resideo Technologies
17.60
-4.74
-21.22%
OPEN
Opendoor Technologies
1.24
-1.71
-57.97%
COMP
Compass
9.09
5.33
141.76%
eXp World Holdings Earnings Call Summary
Earnings Call Date: Feb 20, 2025 | % Change Since: -11.79% | Next Earnings Date: Apr 30, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong growth narrative, particularly in international markets and agent productivity. However, the company did face challenges with a net loss for the year and a decline in total agent count. Despite these challenges, the significant achievements in revenue growth, productivity, and international expansion paint a largely positive picture.Highlights
International Revenue Growth
International revenues grew 63% over 2023 and further accelerated by 72% in the fourth quarter of 2024.
Improved Agent Productivity
Agent productivity increased, leading to a 12% rise in transaction count per agent and a 23% increase in sales volume per agent in Q4 2024.
Strong Adjusted EBITDA Growth
Adjusted EBITDA grew 151% in Q4 2024, reflecting disciplined operations and cost management.
Recognition and Awards
eXp Realty received an award for the eighth consecutive year as one of the best places to work.
Expansion and Innovation
The company expanded to 27 countries with a strong focus on innovative tools like Canva Pro and Sisu for agents.
Lowlights
Net Loss for 2024
Reported a net loss from continued operations of $16.8 million for 2024.
Agent Count Decline
Total agent count decreased year-over-year, though the company focused on retaining productive agents.
Company Guidance
During the earnings call for eXp World Holdings, several key financial metrics and forward-looking statements were highlighted. The company reported a 7% increase in revenue for 2024, reaching $4.6 billion, with a notable 12% rise in Q4 year-over-year. International revenue experienced significant growth, surging 63% over the year and 72% in Q4 alone. The North American Realty segment remained a primary revenue driver, contributing $1.068 billion in Q4, a 11% increase. Despite a net loss of $16.8 million for the year, the company achieved an adjusted net income of $12.2 million after accounting for certain charges, marking a 247% increase from the previous year. Adjusted EBITDA rose by 16% to $75.5 million. The company ended the year with 82,980 agents, underscoring its position in the industry, and issued 1.8 million shares to agents, valued at approximately $22 million, reinforcing its commitment to agent ownership.eXp World Holdings Corporate Events
DividendsBusiness Operations and StrategyFinancial Disclosures
eXp World Holdings Declares Dividend Amid Revenue Increase
Neutral
Feb 20, 2025
On February 14, 2025, eXp World Holdings declared a cash dividend of $0.05 per share, payable on March 19, 2025. The company reported a revenue increase of 7% to $4.6 billion for the full year 2024, with a net loss of $21.3 million. Despite challenges, including a 5% decrease in agents, eXp achieved a 9% increase in transaction volume to $185.2 billion and maintained strong agent satisfaction. The company’s focus on innovation and strategic agent acquisitions, such as the Utah Life Real Estate Group, underlines its commitment to growth and agent success.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.