eXp World Holdings Inc. (EXPI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2219 RIMLAND DR., SUITE 301 BELLINGHAM, WA 98226 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6531 - Real Estate Agents and Managers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 126,864 | 121,594 | 108,237 | 100,143 | 40,087 | 20,538 | |||
| Cash and cash equivalents | 126,864 | 121,594 | 108,237 | 100,143 | 40,087 | 20,538 | |||
| Restricted cash and investments | 44,020 | 37,789 | 67,673 | 27,781 | |||||
| Receivables | 85,969 | 87,262 | 133,489 | 76,951 | 28,196 | 17,428 | |||
| Prepaid expense | 5,726 | 5,580 | 5,834 | 2,489 | 1,730 | 1,070 | |||
| Disposal group, including discontinued operation | |||||||||
| Deposits current assets | 15 | 136 | 123 | 73 | 51 | ||||
| Other current assets | 1,425 | 580 | 481 | 2,420 | 792 | 30 | |||
| Other undisclosed current assets | 2,471 | 2,293 | 3,465 | 2,318 | 7,941 | 3,209 | |||
| Total current assets: | 266,475 | 255,113 | 319,315 | 212,225 | 78,819 | 42,327 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10 | 2,127 | 2,482 | 819 | 1,264 | ✕ | |||
| Property, plant and equipment | 12,978 | 18,151 | 15,902 | 7,848 | 5,428 | 2,740 | |||
| Intangible assets, net (including goodwill), including: | 27,463 | 35,912 | 20,473 | 21,295 | 10,925 | 2,532 | |||
| Goodwill | 16,982 | 27,212 | 12,945 | 12,945 | 8,248 | 8,248 | |||
| Intangible assets, net (excluding goodwill) | 10,481 | 8,700 | 7,528 | 8,350 | 2,677 | 2,532 | |||
| Other undisclosed intangible assets, net (including goodwill) | (8,248) | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | |||||||||
| Deferred income tax assets | 71,342 | 68,676 | 52,827 | ✕ | |||||
| Other undisclosed noncurrent assets | 7,400 | 1,703 | 2,827 | 16 | 8,248 | ||||
| Total noncurrent assets: | 119,193 | 126,569 | 94,511 | 29,962 | 17,633 | 13,519 | |||
| TOTAL ASSETS: | 385,668 | 381,682 | 413,826 | 242,187 | 96,452 | 55,846 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 97,080 | 89,335 | 118,830 | 66,707 | 33,627 | 20,735 | |||
| Accounts payable | 8,898 | 10,391 | 7,158 | 3,957 | 2,593 | 1,758 | |||
| Accrued liabilities | 88,182 | 78,944 | 111,672 | 62,750 | 31,034 | 18,976 | |||
| Deferred revenue | 44,550 | 37,789 | 67,673 | 27,781 | 6,987 | ✕ | |||
| Debt | 1,416 | 1,351 | 975 | ||||||
| Estimated litigation liability | |||||||||
| Disposal group, including discontinued operation | |||||||||
| Other undisclosed current liabilities | 10 | 175 | 311 | 746 | 2,503 | ||||
| Total current liabilities: | 141,640 | 127,299 | 186,814 | 96,650 | 41,965 | 24,212 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 20 | 4,697 | 3,479 | 2,950 | 2,359 | 1,654 | |||
| Long-term debt, excluding current maturities | 20 | 4,697 | 2,714 | 2,876 | 1,530 | 1,654 | |||
| Liabilities, other than long-term debt | 694 | ||||||||
| Operating lease, liability | 694 | 765 | 74 | 830 | ✕ | ||||
| Other undisclosed noncurrent liabilities | (765) | (74) | |||||||
| Total noncurrent liabilities: | 20 | 5,391 | 3,479 | 2,950 | 2,359 | 1,654 | |||
| Total liabilities: | 141,660 | 132,690 | 190,293 | 99,600 | 44,325 | 25,866 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 242,839 | 247,823 | 222,169 | 141,584 | 51,967 | 29,991 | |||
| Common stock | 2 | 2 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (545,559) | (385,010) | (210,009) | (37,994) | (8,623) | ||||
| Additional paid in capital | 804,833 | 611,872 | 401,479 | 218,492 | 130,683 | 90,756 | |||
| Retained earnings (accumulated deficit) | (16,769) | 20,723 | 30,510 | (39,162) | (70,293) | (60,765) | |||
| Other undisclosed equity, attributable to parent | 332 | 236 | 188 | 247 | 200 | ||||
| Equity, attributable to noncontrolling interest | 1,169 | 1,169 | 1,364 | 1,003 | 161 | ||||
| Other undisclosed equity | (11) | ||||||||
| Total equity: | 244,008 | 248,992 | 223,533 | 142,587 | 52,128 | 29,980 | |||
| TOTAL LIABILITIES AND EQUITY: | 385,668 | 381,682 | 413,826 | 242,187 | 96,452 | 55,846 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,281,105 | 4,598,161 | 3,771,170 | 1,798,285 | 979,937 | 500,148 | ||
| Cost of revenue | (1,816) | (319) | (1,742) | (459,716) | ||||
| Provision for loan, lease, and other losses | (1,816) | (319) | (1,742) | |||||
| Gross profit: | 4,281,105 | 4,596,345 | 3,770,851 | 1,796,543 | 979,937 | 40,432 | ||
| Operating expenses | (4,297,566) | (4,592,753) | (3,737,018) | (1,766,698) | (988,715) | (522,532) | ||
| Other undisclosed operating income | 1,816 | 319 | 1,742 | 459,716 | ||||
| Operating income (loss): | (16,461) | 5,408 | 34,152 | 31,587 | (8,778) | (22,385) | ||
| Nonoperating income (expense) | 3,026 | (820) | (480) | (184) | (282) | 32 | ||
| Other nonoperating income (expense) | 4,414 | 804 | (292) | (133) | (247) | (21) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (13,435) | 4,588 | 33,672 | 31,403 | (9,060) | (22,353) | ||
| Loss from equity method investments | (51) | |||||||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | (13,435) | 4,588 | 33,672 | 31,352 | (9,060) | (22,353) | ||
| Income tax expense (benefit) | 4,462 | 10,836 | 47,487 | (413) | (497) | (78) | ||
| Income (loss) from continuing operations: | (8,973) | 15,424 | 81,159 | 30,939 | (9,557) | (22,430) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 81,159 | 30,939 | (9,557) | (22,430) | |
| Loss from discontinued operations | ||||||||
| Other undisclosed net income | 51 | |||||||
| Net income (loss): | (8,973) | 15,424 | 81,159 | 30,990 | (9,557) | (22,430) | ||
| Net income (loss) attributable to noncontrolling interest | 18 | 61 | 141 | (29) | ||||
| Other undisclosed net income attributable to parent | 58 | |||||||
| Net income (loss) available to common stockholders, diluted: | (8,973) | 15,442 | 81,220 | 31,131 | (9,528) | (22,430) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (8,973) | 15,424 | 81,159 | 30,990 | (9,557) | (22,430) | ||
| Other undisclosed comprehensive loss | (20) | |||||||
| Comprehensive income (loss): | (8,973) | 15,424 | 81,159 | 30,990 | (9,557) | (22,450) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 18 | 61 | 141 | (29) | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 96 | 48 | (59) | 47 | 269 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (8,877) | 15,490 | 81,161 | 31,178 | (9,316) | (22,450) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.