eXp World Holdings Inc

EXPI

Equity

ISIN US30212W1009 / Valor 22315781

NASDAQ (2025-03-13)

USD 9.38-1.78%

eXp World Holdings Inc
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About company

mber 2005 as an investment banking analyst at Goldman Sachs. eXp World Holdings Inc is a cloud-based real estate brokerage that offers a fully-immersive 3D virtual office environment for agents, brokers, and staff to collaborate and conduct business from anywhere in the world. Founded in 2009 by Glenn Sanford, the company has rapidly expanded both in the United States and internationally, providing consumers with more information and access to real estate services. With a focus on reducing costs and embracing technology, eXp World Holdings Inc has revolutionized the traditional brick and mortar real estate model, making it a leader in the industry.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the second quarter of 2024, eXp World Holdings Inc. reported a 5% increase in revenue, reaching $1,295 million. This growth was attributed to the superior productivity of their agents, which offset declines in the U.S. real estate market and was further supported by increased home sales prices.

Net Income

eXp World Holdings Inc. achieved a net income from continuing operations of $11.8 million in the second quarter of 2024, compared to $11.4 million in the same quarter of 2023. Despite a 44% increase in operating income, the net income was adversely affected by higher taxes on continuing operations.

Earnings Per Share

The company reported a net income from continuing operations per diluted share of $0.08 for the second quarter of 2024, up from $0.07 in the year-ago quarter. Including discontinued operations, the net income was $12.4 million, compared to $9.4 million in the second quarter of 2023.

Operating Costs

Operating costs for eXp World Holdings Inc. in the second quarter of 2024 were $79.0 million, marking a 4% decrease compared to the same period in 2023. This reduction was primarily due to lower expenses related to the virtual shareholders summit and decreased employee-related expenses, partially offset by increased legal expenses from an antitrust lawsuit.

Dividends and Share Repurchases

During the second quarter of 2024, eXp World Holdings Inc. repurchased approximately $48.2 million of common stock and paid a cash dividend of $0.05 per share. Additionally, a cash dividend of $0.05 per share for the third quarter of 2024 was declared, expected to be paid on August 30, 2024.

Summarized from source with an LLMView Source

Key figures

-22.6%1Y

-58.8%3Y

83.6%5Y

Performance

51.9%1Y

62.8%3Y

74.6%5Y

Volatility