Core Insights - La Rosa Holdings Corp. reported strong growth in Q1 2025, particularly in its Celebration office in Florida and BF Prime in Puerto Rico, indicating robust performance in a typically slower season [1][4] Group 1: Performance Metrics - The Celebration office expanded its agent base by 412 agents year-over-year, resulting in a 101% increase in transaction volume and an 86% increase in revenue to $3.4 million compared to $1.8 million in Q1 2024 [2] - BF Prime, acquired in August 2024, added 55 new agents and achieved a 900% increase in transaction volume year-over-year, with revenue rising to $98 thousand from $27 thousand in Q4 2024, marking a 268% increase [3] Group 2: Strategic Outlook - The CEO emphasized the significance of growth within the Latino community as a key driver of success in both Florida and Puerto Rico, and expressed optimism about future expansion into Spain [4] - The company aims to continue its expansion into key markets while equipping agents with innovative tools, anticipating ongoing organic growth and agent expansion as part of its national and international strategy [4] Group 3: Company Overview - La Rosa Holdings Corp. operates 26 corporate-owned brokerage offices across multiple states and has begun its expansion into Europe, starting with Spain [7] - The company offers a flexible compensation model for agents, including revenue-sharing and fee-based structures, supported by a proprietary technology platform [5][6]

Financial Data and Key Metrics Changes - The company generated $954.9 million in revenue for Q1 2025, reflecting a 4% increase in real estate sales volume driven by higher home sales prices and increased productivity in the international segment [44] - The agent count decreased to 81,904, but there was an increase in transactions per agent, indicating the retention of high-performing agents [44] - Non-GAAP gross margin was 13%, down 70 basis points year-over-year, while GAAP gross margin was 8%, down 30 basis points year-over-year [46][47] - Adjusted EBITDA was $2.2 million, down year-over-year due to margin compression and increased investments in the agent value stack [47] Business Line Data and Key Metrics Changes - North America Realty segment generated $923 million in revenue with an adjusted EBITDA of $7.7 million, remaining the largest revenue and profit generator [49] - International segment revenue increased by 103% year-over-year, with a significant narrowing of adjusted EBITDA loss, improving by 52% year-over-year [50] - The affiliated services segment, primarily success, showed modest revenue growth with an adjusted EBITDA loss of $1.5 million [50] Market Data and Key Metrics Changes - The company launched operations in Peru and Turkey, with plans for Egypt, aiming for 50,000 agents across 50 countries by 2030 [15][19] - The international expansion strategy has been refined to include localized marketing and partnerships, leading to successful launches and agent onboarding [16][19] Company Strategy and Development Direction - The company aims to build the most agent-centric real estate brokerage globally, focusing on interconnected platform business units [7][11] - Investments in technology and AI are emphasized, with a belief that returns will manifest in future periods [10][11] - The strategy includes a focus on high-income and emerging markets, utilizing self-managed regional teams for scalability [15][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the tough macroeconomic environment but expressed confidence in the company's ability to attract and retain high-performing agents [44][48] - The leadership team is actively reviewing expenses and building plans for more efficient operations in the latter half of 2025 [48][80] - The company is focused on leveraging AI and automation to enhance operational efficiency and reduce costs [78][80] Other Important Information - The company was recognized as the number one company in the U.S. by transactions for the third consecutive year and ranked 18th on USA Today's top workplaces list [30][31] - The introduction of the cosponsorship program aims to enhance agent collaboration and support, driving growth and connections among agents [27][75] Q&A Session Summary Question: Can you share more details on how eXp is leveraging AI now and what an enabled eXp platform might look like in the future? - The company has been pivoting towards rapid changes with AI, utilizing tools from OpenAI and Google Workspace to enhance operations and tech stack development [57][59] Question: What did you learn about opening new countries, and how do today's launches differ from a year ago? - The company has evolved its approach to international launches by focusing on local leadership, understanding market pain points, and leveraging technology for streamlined operations [64][66] Question: Can you dive deeper into the agent count trends? - The company continues to retain productive agents, with a focus on teams that are 67% more productive than individual agents, leading to improved agent attrition metrics [69][70] Question: What are agents saying about the cosponsored program? - Agents are excited about the cosponsor program, which fosters collaboration and connections, enhancing growth opportunities for both new and existing agents [73][75] Question: How should we think about operating expenses for the remainder of the year? - The company does not flex costs dramatically but can adjust spending in specific areas based on market conditions, focusing on efficiency and automation to improve unit economics [76][80]

Financial Data and Key Metrics Changes - The company generated $954.9 million in revenue for Q1 2025, a 4% increase in real estate sales volume driven by higher home sales prices and increased productivity in the international segment [43][54] - The agent count decreased to 81,904, but there was an increase in transactions per agent, indicating the retention of high-performing agents [43][54] - Non-GAAP gross margin was 13%, down 70 basis points year-over-year, while GAAP gross margin was 8%, down 30 basis points year-over-year [44][45] - Adjusted EBITDA was $2.2 million, down year-over-year due to margin compression and increased investments in the agent value stack [46][54] - Cash position improved by 6% year-over-year, ending the quarter with $115.7 million [48][54] Business Line Data and Key Metrics Changes - North America Realty segment generated $923 million in revenue with an adjusted EBITDA of $7.7 million, remaining the largest revenue and profit generator [48] - International segment revenue increased by 103% year-over-year, with a significant narrowing of adjusted EBITDA loss, improving by 52% year-over-year [49][54] - The affiliated services segment, primarily success, showed modest revenue growth with an adjusted EBITDA loss of $1.5 million [49] Market Data and Key Metrics Changes - The company launched operations in Peru and Turkey, with plans for Egypt, aiming for 50,000 agents across 50 countries by 2030 [14][18] - The international expansion strategy has been refined to include localized marketing and partnerships, leading to successful launches [15][18] Company Strategy and Development Direction - The company aims to build the most agent-centric real estate brokerage globally, focusing on a platform that integrates various business units [10][11] - Investments in technology and AI are prioritized to enhance productivity and operational efficiency, with a focus on long-term returns [9][10] - The company is adopting a self-managed, regionalized team structure to improve accountability and agility in international markets [67] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the tough macroeconomic environment but expressed confidence in the company's ability to attract and retain high-performing agents [43][54] - The leadership team is actively reviewing expenses and building plans for more efficient operations in the latter half of 2025 [47][80] - The company is focused on leveraging AI and automation to improve operational efficiencies and unit economics [78][79] Other Important Information - The company was named the number one real estate company in the U.S. by transactions for the third consecutive year [29] - The company received recognition as a top workplace by USA Today, ranking 18th based on employee feedback [30] Q&A Session Summary Question: How is eXp leveraging AI now and what might the enabled platform look like in the future? - The company has been pivoting towards rapid changes with AI, utilizing tools from OpenAI and Google Workspace to enhance operations and tech stack development [57][59][62] Question: What have been the learnings from opening new countries and how have launches changed? - The company has evolved its approach to international launches by focusing on local leadership, understanding market pain points, and leveraging technology for streamlined operations [64][66] Question: Can you elaborate on the agent count trends? - The company continues to retain productive agents, with a 22% improvement in agent attrition quarter-over-quarter, indicating a focus on high-performing teams [70][71] Question: What feedback are agents giving about the cosponsored program? - Agents are excited about the cosponsored program, which fosters collaboration and growth by connecting agents with varying levels of experience and resources [73][75] Question: How should we think about operating expenses for the remainder of the year? - The company does not flex its cost structure dramatically but is focused on efficiency and examining unit economics to find opportunities for cost savings [76][80]

BELLINGHAM, Wash., May 06, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), “eXp” or the “Company”, “the most agent-centric™” real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc., today announced financial results for the first quarter ended March 31, 2025. “We’re entering 2025 from a position of strength. eXp has built one of the most comprehensive, tech-enabled agent value stack in the industry – one that’s driving record International agent productivit ...

Core Insights - eXp Realty has appointed Felix Bravo as the International Executive Director to accelerate its mission of creating the most agent-centric real estate platform globally [1][2] - The company aims to expand into new markets, with Egypt being the next focus, and plans to operate in 50 countries by 2030, gathering 50,000 agents [1][2] Group 1: Leadership and Strategy - Felix Bravo will oversee international expansion and innovative strategies, focusing on building agent-centric infrastructure in various regions [2] - The CEO of eXp World Holdings, Glenn Sanford, emphasized Bravo's role in establishing trust and systems to empower agents for success [2] - Bravo's responsibilities include refining operational strategies for new markets and enhancing local autonomy to strengthen existing markets [2] Group 2: Company Overview - eXp World Holdings, Inc. is the parent company of eXp Realty and SUCCESS Enterprises, with eXp Realty being the largest independent real estate brokerage globally, having nearly 83,000 agents across 26 regions [4] - eXp Realty operates on a cloud-based model, providing agents with leading commission sharing, revenue sharing, and equity opportunities [4]

Core Insights - eXp Realty is redefining its agent-centric model to enhance support for agents, facilitating faster integration and sustainable growth [1][3] Group 1: Joint Sponsorship Program - The Joint Sponsorship Program was announced at eXp's global event eXpcon Montréal, aiming to redefine agent relationships and enhance talent attraction [3][4] - Agents can now designate a primary sponsor and a co-sponsor, allowing for complementary skills to accelerate their success [3][4] - The program formalizes a co-leadership model, adjusting incentive structures to reinforce eXp's commitment to innovation and agent-first growth [5] Group 2: Program Highlights - Co-sponsors will receive first-level revenue sharing and 50% of the fast-start bonus, incentivizing them to support new agents [5] - The primary sponsor retains all revenue sharing from levels 2-7, ensuring fairness and existing benefits remain intact [5] - The program aims to boost onboarding and retention through enhanced communication and support [5] Group 3: Company Overview - eXp Realty is a subsidiary of eXp World Holdings, Inc., and is recognized as the largest independent real estate brokerage globally, with nearly 83,000 agents across 26 regions [7] - The company operates on a cloud-based model, offering leading commission sharing, revenue sharing, and equity opportunities to agents [7]

Driving the Next Chapter of Global Agent-Centric Growth BELLINGHAM, Wash., May 02, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, the most agent-centric real estate brokerage on the planet™ and core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the promotion of Felix Bravo to Managing Director, International — a key move accelerating the company’s mission to build the most empowering global brokerage in the world. Bravo has delivered some of the most successful international launches in com ...

Core Viewpoint - Diversified Royalty Corp. has adjusted the Mr. Lube + Tires royalty pool to include six new flagship locations, bringing the total to 149 locations, while removing one permanently closed location [1] Company Performance - Mr. Lube + Tires is experiencing strong same-store sales growth across its franchise system, indicating a positive outlook for continued growth [2] - The performance of franchisees in 2024 has been commendable, with a focus on brand growth and enhancing store-level economics [3] Royalty Pool Adjustments - The Mr. Lube + Tires Royalty Pool is adjusted annually on May 1 to include new locations opened since July 1 of the previous year and to remove permanently closed locations [4] - The initial consideration for the additional royalty revenue from the new locations was $4.0 million, which is 80% of the total estimated consideration of $5.0 million, paid in the form of common shares [5] - The remaining consideration for the new locations will be paid on May 1, 2026, adjusted based on actual system sales for the year ending December 31, 2025 [6] Previous Adjustments - On May 1, 2023, the royalty pool was adjusted to include five new locations, with an initial consideration of $4.7 million, which was also 80% of the total estimated consideration [7] - The actual system sales for the 2023 True-Up Locations were determined to be $10.1 million, leading to a total consideration of $7.1 million, with a remaining cash payment of $2.4 million made on May 1, 2025 [8] Dividend Announcement - The board of directors has approved a cash dividend of $0.02083 per common share for May 2025, equating to an annualized rate of $0.25 per share, to be paid on May 30, 2025 [10] Company Overview - Diversified Royalty Corp. is focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America, aiming to generate predictable and growing royalty streams [12][14]

BELLINGHAM, Wash., May 01, 2025 (GLOBE NEWSWIRE) --  eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today officially launches its innovative Co-Sponsor Program, unlocking unprecedented opportunities for collaboration and growth across its global agent network. First announced in April at eXp’s global event, eXpcon Montréal, the Co-Sponsor Program redefines how agent relationships can drive production, attraction ...

NEW YORK, April 30, 2025 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass"), a leading tech-enabled real estate services company that includes the largest residential real estate brokerage in the United States by sales volume1 announces the participation of CEO & Founder Robert Reffkin and CFO Kalani Reelitz at the 53rd Annual J.P. Morgan TMC Conference. The event will take place on May 14, 2025 at the Westin Seaport District Hotel in Boston.Reffkin will be participating in a fireside chat at 3:00 p.m. ...