Company Overview - eXp World Holdings operates a global cloud-based real estate brokerage [4] - The company utilizes an enterprise metaverse platform to power its operating model [4] - eXp offers personal and professional development resources [5] Financial Performance - eXp World Holdings' revenue for the trailing twelve months (TTM) reached $47417 million [10] - The company's cash and cash equivalents totaled $1345 million as of September 30, 2022 [9, 10] - eXp Realty agent count increased by 30% year-over-year in Q3 2022 [7, 11] Agent Value Proposition - eXp Realty offers agents a commission split of 80/20 with a $16000 cap [17, 39] - Agents have opportunities to earn equity through various programs [40, 41, 42] - Approximately 25% of agents and brokers participate in the Agent Equity Program [40] Global Expansion - eXp has expanded into 23 markets worldwide [7] - The company experienced 58% year-over-year international agent growth [14]
eXp(EXPI) - 2022 Q3 - Earnings Call Presentation