EXPI
eXp World Holdings, Inc.10.04
+0.02+0.2%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details margins, buyback pause
Q&A clarified Q4 gross margins stayed flat despite 9% revenue growth, pinning compression 50/50 on seasonality and high-capping teams—yet unit economics should drive EBITDA expansion per 2026 guidance. Management emphasized watching PPP, productive retention, and SG&A per unit as North Stars. Buybacks paused pending NAR's second settlement tranche this summer, with $124M cash above their $100M floor. Holly stressed proactive compliance tools amid regs; Carrie revealed eXp Hub snagged 13% agent adoption early. Answers reaffirmed productivity focus. No big surprises, but execution on AI efficiencies matters for the thesis.
Key Stats
Market Cap
1.59BP/E (TTM)
-Basic EPS (TTM)
-0.11Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
eXp World Holdings posted FY2025 revenue of $4.77B, up 4% y/y, driven by 3% North American growth to $4.62B and 67% international expansion to $147M, with real estate transactions rising 1% to 440k amid higher U.S. home prices and Canadian volume; yet gross profit fell 3% to $334M from elevated agent capping, while operating loss widened 13% to $21M on 20% higher tech spend and 9% G&A increases. Agent count held flat at 83k with aNPS steady at 75, but Q4 saw Sports/Entertainment Division launch, LYVVE global search rollout, and expansions into Romania/Netherlands. Cash at $124M funded $56M buybacks and $31M dividends; no debt. Elevated rates and inventory imbalances threaten transaction momentum.
8-K
Q4/FY 2025 results out
eXp World Holdings reported 2025 revenue up 4% to $4.8B, yet full-year net loss widened to $(22.7)M from $(21.3)M amid higher agent costs. Operating expenses fell to $355M, excluding prior litigation hits. Cash hit $124M. Q1 2026 revenue outlook: $960M-$980M. Board declared $0.05/share dividend, payable March 27.
8-K
Execs swap bonuses for salary hikes
10-Q
Q3 FY2025 results
eXp World Holdings swung to $4.0M operating income in Q3 ended September 30, 2025, from ($8.3M) a year earlier, while revenues climbed 7% y/y to $1.3B on 6.5% higher North American sales volume ($54.1B) and 68% international revenue growth; YTD operating loss widened slightly to ($8.7M) as commissions rose 4% y/y from capping and fewer agents (down 2% to 83k). Diluted EPS matched $0.02 on 161M shares with 3.7M dilutive effect. Cash from operations fell to $105M YTD (FCF not disclosed), ending with $113M cash/$74M restricted and no debt; litigation contingency dropped to $17M after $17M payment. Antitrust settlements reshape industry commissions.
8-K
Q3 revenue up 7%, profitable
eXp World Holdings reported Q3 2025 revenue up 7% to $1.3 billion, swinging to net income of $3.5 million from a prior-year loss, while agents dipped 2% to 83,446. Sales transactions rose 3% to 121,516; volume climbed 7% to $54.1 billion. Board declared $0.05/share dividend, payable December 1. Agent count shrinks slightly.
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