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eXp(EXPI) - 2022 Q1 - Earnings Call Presentation
2025-07-08 07:52
Company Overview - eXp World Holdings operates as a global cloud-based real estate brokerage and enterprise metaverse platform[5] - The company has a global network of over 80,000 agents as of April 20, 2022[9, 10] - eXp's revenues (TTM) are $42 billion as of March 31, 2022[11] Financial Performance - Q1 2022 revenue was over $427 million, with net income exceeding $4 million compared to 2021[9] - The company has consistent positive cash flow and no long-term debt[9] - Total Q1 2022 revenue reached $1 billion[16] Growth and Competitive Advantage - eXp Realty is ranked as the 1 growth leader across agent count, volume, and transactions[9, 10, 20] - The company experienced 55% year-over-year agent growth in Q1 2022[16] - eXp is capturing global market share with 314%+ year-over-year international agent growth[23] Agent Value Proposition - eXp offers a unique agent value proposition, including an attractive commission structure, revenue share, and equity[7] - Agents receive an 80/20 commission split with a $16,000 cap[27, 55] - The company provides equity awards for agents meeting production criteria[21, 27]
eXp(EXPI) - 2022 Q2 - Earnings Call Presentation
2025-07-08 07:51
Company Overview - eXp World Holdings operates a global cloud-based real estate brokerage and enterprise metaverse platform[5] - The company also has an ecosystem of personal development resources and media[6] - eXp's cloud-based model enables richer unit economics and broader geographical reach for agents[20] Financial Performance - eXp World Holdings' Q2 2022 revenue increased by 42% year-over-year[11] - The company's operating cash flow increased by 27% year-over-year[11] - As of June 30, 2022, eXp World Holdings had $134.9 million in cash and cash equivalents[13] - The company's total revenue for the trailing twelve months (TTM) ending Q2 2022 was $46132 million[16] Agent Growth and Global Expansion - eXp has over 83000 agents as of August 3, 2022[11] - Agent growth in Q2 2022 was 42% year-over-year[18] - eXp is expanding globally with 21 markets worldwide[11] - The company experienced 94% year-over-year international agent growth[25] Agent Value Proposition - eXp returns over 90% of commission to agents, inclusive of revenue share and equity[24] - Agents receive an 80/20 split on first $80000 gross commission income (GCI) with a $16000 yearly cap[30]
eXp World Holdings Appoints Jesse Hill as CFO as Company Continues Next Phase of Growth
Globenewswire· 2025-07-02 16:00
Core Insights - eXp World Holdings, Inc. has appointed Jesse Hill as Chief Financial Officer, effective immediately, following his successful tenure as Interim CFO since April 2025 [1][2] - Hill's leadership has been pivotal in the company's international expansion, with the International Realty segment entering eight new markets and nearly quintupling revenue [3] - The company emphasizes its agent-centric business model and aims for long-term financial strength and value creation for agents, employees, and shareholders under Hill's leadership [4] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty® and SUCCESS® Enterprises, with eXp Realty being the largest independent real estate brokerage globally, boasting over 81,000 agents across 27 countries [5] - The company operates as a cloud-based, agent-centric brokerage, offering industry-leading commission splits, revenue share, and equity ownership opportunities [5] - SUCCESS® Enterprises, part of the eXp ecosystem, provides agents with resources for personal and professional development [6]
eXp Realty Dominates 2025 RealTrends Rankings With 757 Agents and Teams Honored
GlobeNewswire News Room· 2025-06-10 19:00
BELLINGHAM, Wash., June 10, 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 announced that a record-breaking 757 of its agents and teams have been named among the top real estate professionals in the country, according to the 2025 RealTrends Verified America’s Best List. With fewer than 0.1% of agents qualifying nationwide, inclusion in the RealTrends rankings is a rare achievement ...
eXp(EXPI) - 2025 Q1 - Earnings Call Transcript
2025-05-06 22:02
eXp World (EXPI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Denise Garcia - Founder & Managing PartnerGlenn Sanford - Founder, Chairman and Chief Executive OfficerFelix Bravo - Managing Director, InternationalLeo Pareja - CEO of eXp RealtyWendy Forsythe - Chief Marketing OfficerJesse Hill - Interim Chief Financial OfficerOscar Nieves - Research Associate Denise Garcia Alright. Good afternoon, and welcome to the eXp for World Holdings first quarter twenty twenty five earnings firesid ...
eXp(EXPI) - 2025 Q1 - Earnings Call Transcript
2025-05-06 21:00
eXp World (EXPI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Alright. Good afternoon, and welcome to the eXp for World Holdings first quarter twenty twenty five earnings fireside chat via livestream and our metaverse on the web frame. My name is Denise Garcia, and I manage investor relations for eXp World Holdings. Today, we will begin our fireside chat with remarks from Glenn Sanford, founder, chairman, and CEO of eXp World Holdings, Leo Pareja, CEO of eXp Realty Wendy Forsyth, CMO of eXp Realt ...
Mindy Grubb Named Executive Director of eXtend a Hand, Uniting Real Estate Leadership with Philanthropic Purpose
GlobeNewswire News Room· 2025-04-30 16:00
BELLINGHAM, Wash., April 30, 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), proudly announces that Mindy Grubb, Vice President of Events at eXp Realty, has been appointed to Executive Director of eXtend a Hand, the company’s charitable foundation that supports eXp agents, staff and their families in times of crisis. Grubb brings more than 20 years of real estate industry experience to the ...