Exp World Holdings ( (EXPI) ) has released its Q4 earnings. Here is a breakdown of the information Exp World Holdings presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
eXp World Holdings, Inc. is a global real estate company recognized for its cloud-based brokerage model, offering real estate professionals innovative technology and immersive 3D platforms for enhanced connectivity and productivity.
The company’s latest earnings report for the fourth quarter and full-year 2024 highlights several significant developments, including a 7% increase in annual revenue to $4.6 billion and a strong performance by its top agents. Despite impressive revenue growth, the company reported a net loss of $21.3 million for the year, influenced by an impairment charge and litigation contingency accrual.
Key financial metrics reveal a full-year adjusted EBITDA of $75.5 million, along with significant cash distributions to shareholders, including $141.1 million in stock repurchases. The company maintained a cash dividend of $0.05 per share for the first quarter of 2025, reflecting its commitment to shareholder returns.
Operationally, eXp World Holdings saw a 9% increase in transaction volume to $185.2 billion for the year, despite a slight decrease in agents and brokers. The company’s innovative model continues to attract top talent, as evidenced by the addition of high-profile agents and teams.
Looking ahead, eXp World Holdings remains focused on expanding its technological capabilities and enhancing agent success. The management’s outlook suggests continued investment in innovations and strategic partnerships to drive future growth and maintain its position as a leading independent brokerage.
