eXp World Holdings (EXPI) AI Stock Analysis

• Market Cap: $1.73B
• Dividend Yield: 1.82%
• Average Volume (3M): 1.04M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.91
• Revenue Growth: 3.55%
• EPS Growth: -36.05%
• Country: US
• Employees: 2,001
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.01
• Shares Outstanding: 157,232,320
• 10 Day Avg. Volume: 1,224,780
• 30 Day Avg. Volume: 1,043,378
• PEG Ratio: -0.60
• Price to Book (P/B): 8.63
• Price to Sales (P/S): 0.39
• P/FCF Ratio: 9.56
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 3.68
• Enterprise Value/Ebitda: 1.09K
• 1Y Price Target: $12.00
• Price Target Upside: 9.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 67 Neutral
• Price Target: ―

eXp World Holdings shows robust revenue growth and a stable balance sheet, but faces challenges with profitability and recent free cash flow declines. Technical analysis indicates a bearish trend, while valuation concerns persist due to negative earnings. The earnings call provided a positive outlook due to international expansion and improved productivity, balancing some of the financial concerns.

Positive Factors

International Revenue Growth

The significant growth in international revenue highlights eXp's successful expansion strategy, which diversifies its income streams and strengthens its global market presence.

Strong Balance Sheet

A strong balance sheet with no debt provides financial stability and reduces leverage risk, allowing eXp to invest in growth opportunities without financial strain.

Improved Agent Productivity

Increased agent productivity enhances operational efficiency and revenue generation, supporting sustained growth and competitive advantage in the real estate market.

Negative Factors

Net Loss for 2024

The net loss indicates ongoing profitability challenges, which could hinder reinvestment in growth initiatives and affect long-term financial health.

Declining Free Cash Flow

Declining free cash flow could limit eXp's ability to fund operations and strategic investments, potentially impacting its capacity to sustain growth.

Agent Count Decline

A decline in agent count could reduce transaction volume and revenue, challenging eXp's growth trajectory and market share in the competitive real estate sector.

eXp World Holdings Business Overview & Revenue Model

Company Description

eXp World Holdings, Inc., together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers. It is also involved in building 3D virtual worlds for work, education, and events; and focused on agent website and consumer real estate portal technology. In addition, the company operates SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, podcasts, digital training courses, and affiliated social media accounts across platforms. Further, it provides marketing, training, and other support services to its brokers and agents through proprietary technology enabled services, as well as technology and support services contracted to third parties. eXp World Holdings, Inc. operates in the United States, Canada, the United Kingdom, Australia, South Africa, India, Portugal, France, Mexico, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, and Germany. The company was formerly known as eXp Realty International Corporation and changed its name to eXp World Holdings, Inc. in May 2016. eXp World Holdings, Inc. was incorporated in 2008 and is based in Bellingham, Washington.

How the Company Makes Money

eXp 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 shows strong revenue growth and a stable balance sheet with no debt leverage. However, consistent net losses and declining profitability margins challenge its 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.

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.

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.59B	4.57B	4.28B	4.60B	3.77B	1.80B
Gross Profit	335.30M	342.39M	324.05M	366.90M	296.03M	159.61M
EBITDA	1.13M	30.23M	3.63M	15.25M	40.40M	35.58M
Net Income	-31.33M	-21.27M	-8.97M	15.44M	81.22M	31.13M
Balance Sheet
Total Assets	481.25M	390.72M	385.67M	381.68M	413.83M	242.19M
Cash, Cash Equivalents and Short-Term Investments	184.93M	113.61M	126.86M	121.59M	108.24M	100.14M
Total Debt	14.00K	0.00	10.00K	869.00K	1.08M	820.00K
Total Liabilities	262.88M	185.85M	141.66M	132.69M	190.29M	99.60M
Stockholders Equity	218.37M	204.87M	242.84M	247.82M	222.17M	141.58M
Cash Flow
Free Cash Flow	125.70M	185.03M	201.17M	198.48M	233.47M	113.22M
Operating Cash Flow	135.64M	191.51M	209.13M	210.53M	246.89M	119.66M
Investing Cash Flow	-26.31M	-19.47M	-13.50M	-22.46M	-18.92M	-16.96M
Financing Cash Flow	-118.69M	-170.38M	-184.09M	-204.51M	-179.92M	-21.89M

eXp World Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EXPI, the sentiment is Positive. The current price of 10.99 is below the 20-day moving average (MA) of 11.05, above the 50-day MA of 10.69, and above the 200-day MA of 10.07, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 51.49 is Neutral, neither overbought nor oversold. The STOCH value of 28.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EXPI.

eXp World Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMAX	71 Outperform	314.49M	20.33	2.15%	―	-5.21%	―
REAX	70 Outperform	975.99M	-72.66	―	―	72.57%	65.15%
EXPI	67 Neutral	$1.73B	―	-12.78%	1.82%	3.55%	-36.05%
FTHM	62 Neutral	68.17M	-1.97	-57.97%	―	19.16%	12.99%
RDFN	55 Neutral	1.43B	-7.31	120.61%	―	5.11%	-29.67%
OPEN	53 Neutral	6.06B	-21.36	-54.98%	―	14.07%	27.59%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

eXp World Holdings Corporate Events

eXp World Holdings Appoints Jesse Hill as Interim CFO

On March 17, 2025, eXp World Holdings announced the appointment of Jesse Hill as Interim Chief Financial Officer, effective April 1, 2025. Hill, who has been with the company in various financial leadership roles, will take over from Kent Cheng, who will transition to an advisory role. Hill’s appointment is part of eXp’s strategic focus on enhancing operational efficiency and delivering high returns on agent-centric investments. The company continues its search for a permanent CFO while emphasizing its strong market position and growth potential.

eXp World Holdings Declares Dividend Amid Revenue Increase

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.