EXPI · Exp World Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | - | $1.32B | $1.31B | $954.91M | - | $1.23B | $1.30B | $943.05M | - |
| Cost of Revenue | - | - | - | - | - | - | $818.0K | $796.0K | - | - |
| Gross Profit | $76.14M | - | - | - | - | - | $1.23B | $1.29B | - | - |
| R&D | $17.59M | - | $17.31M | $18.09M | $16.80M | - | $15.48M | $14.89M | $14.76M | - |
| SG&A | $64.21M | - | $62.34M | $74.08M | $66.87M | - | $61.39M | $61.16M | $62.58M | - |
| Total Operating Expenses | $84.14M | - | $1.31B | $1.31B | $965.28M | - | $1.24B | $1.28B | $961.23M | - |
| D&A | $1.68M | - | $1.71M | $1.59M | $1.95M | - | $2.38M | $2.96M | $2.40M | - |
| Operating Income | ($8.79M) | - | $4.02M | ($2.38M) | ($10.38M) | - | ($8.33M) | $18.54M | ($18.17M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($3.55M) | - | $932.0K | $468.0K | $1.67M | - | ($1.33M) | $8.15M | ($3.31M) | - |
| Net Income | ($5.10M) | - | ($8.51M) | $12.38M | ($15.64M) | - | ($8.51M) | $12.38M | ($15.64M) | - |
| EPS - Basic | ($0.03) | - | $0.02 | ($0.01) | ($0.07) | - | ($0.06) | $0.08 | ($0.10) | - |
| EPS - Diluted | ($0.03) | - | $0.02 | ($0.01) | ($0.07) | - | ($0.06) | $0.08 | ($0.10) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $122.15M | $124.25M | $112.76M | $94.55M | $115.66M | $113.61M | $130.43M | $108.39M | $109.17M | $126.86M |
| Accounts Receivable | $123.18M | $108.84M | $123.77M | $146.19M | $104.05M | $87.69M | $105.15M | $133.90M | $105.33M | $85.97M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $14.61M | - | - | - | $10.48M | - | - | - | $8.90M |
| Current Assets | $328.68M | $304.87M | $323.15M | $344.96M | $300.92M | $267.97M | $309.58M | $335.57M | $300.38M | $266.48M |
| Total Assets | $467.17M | $442.48M | $458.74M | $481.25M | $435.78M | $390.72M | $432.63M | $457.43M | $426.75M | $385.67M |
| Current Liabilities | $211.27M | $199.70M | $223.48M | $262.88M | $223.80M | $185.85M | $221.53M | $237.10M | $204.29M | $141.64M |
| Long-term Debt | - | - | - | - | - | - | - | - | $20.0K | $20.0K |
| Total Liabilities | $211.27M | $199.70M | $223.48M | $262.88M | $223.80M | $185.85M | $221.53M | $237.10M | $204.31M | $141.66M |
| Stockholders' Equity | $255.90M | $242.78M | $235.26M | $218.37M | $211.98M | $204.87M | $211.10M | $220.33M | $222.44M | $242.84M |
| Retained Earnings | ($134.69M) | ($121.62M) | ($100.93M) | ($96.72M) | ($86.76M) | ($68.14M) | ($51.09M) | ($35.10M) | ($39.99M) | ($16.77M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20.57M | - | - | - | $39.84M | - | - | - | $60.65M | - |
| Investing Cash Flow | ($2.09M) | - | - | - | ($14.25M) | - | - | - | ($5.25M) | - |
| Financing Cash Flow | ($7.95M) | - | - | - | ($12.28M) | - | - | - | ($40.81M) | - |
| CapEx | $2.51M | - | - | - | $2.55M | - | - | - | $1.32M | - |
| Free Cash Flow | $18.06M | - | - | - | $37.28M | - | - | - | $59.33M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 7.6% | - | - | - | - | - | 99.9% | 99.9% | - | - |
| Operating margin | -0.9% | - | 0.3% | -0.2% | -1.1% | - | -0.7% | 1.4% | -1.9% | - |
| EBITDA margin | -0.7% | - | 0.4% | -0.1% | -0.9% | - | -0.5% | 1.7% | -1.7% | - |
| Net margin | -0.5% | - | -0.6% | 0.9% | -1.6% | - | -0.7% | 1.0% | -1.7% | - |
| Free cash flow margin | 1.8% | - | - | - | 3.9% | - | - | - | 6.3% | - |
| FCF / Net income | -3.54 | - | - | - | -2.38 | - | - | - | -3.79 | - |
| R&D / Revenue | 1.7% | - | 1.3% | 1.4% | 1.8% | - | 1.3% | 1.1% | 1.6% | - |
| SG&A / Revenue | 6.4% | - | 4.7% | 5.7% | 7.0% | - | 5.0% | 4.7% | 6.6% | - |
| Effective tax rate | - | - | - | 3.6% | - | - | - | 39.7% | - | - |
| Return on assets | -1.1% | - | -1.9% | 2.6% | -3.6% | - | -2.0% | 2.7% | -3.7% | - |
| Return on equity | -2.0% | - | -3.6% | 5.7% | -7.4% | - | -4.0% | 5.6% | -7.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | -6.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.56 | 1.53 | 1.45 | 1.31 | 1.34 | 1.44 | 1.40 | 1.42 | 1.47 | 1.88 |
| Quick ratio | 1.56 | 1.53 | 1.45 | 1.31 | 1.34 | 1.44 | 1.40 | 1.42 | 1.47 | 1.88 |
| Cash ratio | 0.58 | 0.62 | 0.50 | 0.36 | 0.52 | 0.61 | 0.59 | 0.46 | 0.53 | 0.90 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | 0.00 | 0.00 |
| Debt / Assets | - | - | - | - | - | - | - | - | 0.00 | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.83 | 1.82 | 1.95 | 2.20 | 2.06 | 1.91 | 2.05 | 2.08 | 1.92 | 1.59 |
| Liabilities / Assets | 0.45 | 0.45 | 0.49 | 0.55 | 0.51 | 0.48 | 0.51 | 0.52 | 0.48 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 2.15 | - | 2.87 | 2.72 | 2.19 | - | 2.85 | 2.83 | 2.21 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 45d | - | 34d | 41d | 40d | - | 31d | 38d | 41d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 533.0x | - | - | - | - | 141.1x | - | - |
| P / B | 3.8x | - | 7.3x | 6.5x | 7.1x | - | 10.2x | 8.0x | 7.2x | - |
| P / S | 1.0x | - | 1.3x | 1.1x | 1.6x | - | 1.8x | 1.4x | 1.7x | - |
| EV / EBITDA | - | - | 279.6x | - | - | - | - | 76.8x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.3% | - | 6.9% | 1.1% | 1.3% | - | 1.4% | 5.1% | 10.9% | - |
| Revenue CAGR (3y) | 5.7% | - | 2.0% | -2.6% | -1.9% | - | 3.5% | 9.0% | 17.3% | - |
| Revenue CAGR (5y) | 11.5% | - | 18.5% | 29.9% | 28.6% | - | 34.3% | 37.2% | 43.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 15.3% | - | - | - | 42.9% | - | - | 67.0% | -986.3% | - |
| Net income growth (YoY) | 67.4% | - | 0.0% | 0.0% | 0.0% | - | - | 31.4% | - | - |
| EPS growth (YoY) | 57.1% | - | - | - | 30.0% | - | - | 33.3% | - | - |
| EPS CAGR (3y) | - | - | -12.6% | - | - | - | - | -30.7% | - | - |
| EPS CAGR (5y) | - | - | -36.9% | - | - | - | - | - | - | - |
| FCF growth (YoY) | -51.6% | - | - | - | -37.2% | - | - | - | - | - |
| FCF CAGR (5y) | -25.1% | - | - | - | 18.2% | - | - | - | 59.0% | - |
| Book value growth (YoY) | 20.7% | 18.5% | 11.4% | -0.9% | -4.7% | -15.6% | -15.5% | -14.3% | -11.7% | -2.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$4.77B totalNorth American Realty$4.62B · 96.9%
International Realty$146.93M · 3.1%
All Other Segments$2.87M · 0.1%
Peer comparison
Same SIC group: Real Estate Agents & Managers (For Others)
Comparing EXP World Holdings against the 5 most active filers in the same SIC group.
Dividends
$0.20/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 22, 2026 | $0.0500 |
| Mar 9, 2026 | $0.0500 |
| Nov 17, 2025 | $0.0500 |
| Aug 15, 2025 | $0.0500 |
| May 19, 2025 | $0.0500 |
| Mar 4, 2025 | $0.0500 |
| Nov 18, 2024 | $0.0500 |
| Aug 14, 2024 | $0.0500 |
| May 10, 2024 | $0.0500 |
| Mar 7, 2024 | $0.0500 |
| Nov 15, 2023 | $0.0500 |
| Aug 17, 2023 | $0.0500 |
| May 11, 2023 | $0.0450 |
| Mar 10, 2023 | $0.0450 |
| Nov 10, 2022 | $0.0450 |
| Aug 11, 2022 | $0.0450 |
| May 13, 2022 | $0.0400 |
| Mar 10, 2022 | $0.0400 |
| Nov 12, 2021 | $0.0400 |
| Aug 13, 2021 | $0.0400 |