Exp World Holdings (EXPI) Announces Q4 And Full-Year 2024 Earnings Results

eXp World Holdings, Inc. (EXPI) today announced its financial results for the latest quarter, revealing a mixed performance. The company reported a quarterly revenue of $1.098 billion, surpassing expectations by approximately $66.97 million. However, the earnings per share (EPS) came in at -$30, significantly missing the estimated EPS of -$0.03. Despite the earnings miss, the revenue beat highlights the company’s robust sales performance during the period.

Key Highlights:

• eXp World Holdings reported a 7% increase in full-year revenue to $4.6 billion in 2024.
• The company experienced a full-year net loss of $21.3 million, with a $9.5 million net loss in Q4 2024.
• eXp Realty’s agent count decreased by 5% year-over-year to 82,980 as of December 31, 2024.
• Real estate sales transactions increased by 3% to 434,165 in 2024, with a 6% increase in Q4 2024.
• Transaction volume rose by 9% to $185.2 billion in 2024, with a 17% increase in Q4 2024.
• The company distributed $171.2 million to shareholders in 2024, including $141.1 million in stock repurchases and $30.1 million in cash dividends.
• eXp Realty was recognized as a top 10 place to work by Glassdoor for the 8th consecutive year.

Summary:

eXp World Holdings, Inc. reported a 7% increase in full-year revenue to $4.6 billion for 2024, despite facing a net loss of $21.3 million for the year. The company continues to focus on its agent-centric platform, which offers growth opportunities for real estate agents. Glenn Sanford, Founder, Chairman, and CEO, highlighted the issuance of 1.8 million shares to agents, valued at $22 million, as a testament to the company’s commitment to its agents. The company ended the year with strong momentum, with its top 10 U.S. agents closing over $100 million in transaction volume in December alone. Leo Pareja, CEO of eXp Realty, emphasized the company’s innovative and efficient operating model, which has helped build the largest independent brokerage globally.

Despite a 5% decrease in the number of agents on the eXp Realty platform, the company saw a 3% increase in real estate sales transactions and a 9% rise in transaction volume for 2024. The company distributed $171.2 million to shareholders, including $141.1 million in stock repurchases and $30.1 million in cash dividends. eXp Realty was recognized by Glassdoor as a top 10 place to work for the 8th consecutive year, reflecting the dedication of the eXp community. Looking ahead, the company plans to continue expanding its suite of technology tools and learning opportunities to drive agent success and make bold moves across the organization in 2025.

eXp World Holdings, Inc. (EXPI) has experienced a rollercoaster ride in its stock price over the past year, with a notable 5.39% increase in the past week and a modest 0.98% rise over the past month. However, the stock has faced challenges, as evidenced by an 11.68% decline over the last three months and a 7.98% drop over the past six months. Despite a slight recovery with a 4.19% increase over the past year, the company’s fundamental metrics paint a concerning picture. The negative price-to-earnings ratio of -52.66 and a net profit margin of -0.88% suggest profitability issues, while the negative two-year compound annual growth rates (CAGR) for earnings per share (-65.36%), revenue (-3.10%), and free cash flow (-4.44%) indicate struggles in growth and cash generation. On a brighter note, the return on invested capital stands at a positive 12.34%, hinting at some efficiency in utilizing its capital. Overall, while there are glimpses of potential, EXPI’s financial metrics suggest that the company faces significant hurdles in achieving sustainable growth and profitability.

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.