What is eXp World Holdings, Inc.'s earnings per share (EPS)?

eXp World Holdings, Inc. (EXPI) reported diluted earnings per share of -$0.14 for fiscal year 2025. That is unchanged from the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

eXp World Holdings, Inc. (EXPI) Financials

EXPI

FY2025 annual

Net Income -$22.7M -6.8% YoY

EPS (Diluted) -$0.14 0.0% YoY

Free Cash Flow $109.0M -41.1% YoY

Operating Cash Flow $118.6M -38.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 11, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EXPI SEC filings page.

This page shows eXp World Holdings, Inc. (EXPI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI EXPI FY2025 2026-10-03

The business stays cash-generative despite sustained losses, but weakening cash conversion and heavier liabilities are narrowing its financial flexibility.

Operating cash flow declined from $209M in FY2023 to $119M in FY2025. Meanwhile, the net loss widened from $9M to $23M, so cash generation still exceeds accounting earnings, but the gap is shrinking rather than demonstrating improving earnings quality.

Capital returns consumed cash: buybacks and dividends totaled $87M in FY2025 while free cash flow fell to $109M from $185M in FY2024. Shares outstanding nevertheless rose to 161.0M from 154.1M, indicating distributions did not translate into a lower reported share count.

The financing posture changed materially: total liabilities reached $200M in FY2025 versus $142M in FY2023. The current ratio recovered to 1.5x, yet debt-to-equity remained 0.8x, a sharp departure from the near-zero 2023 reading.

Financial Health Signals

Financial health score not available

eXp World Holdings, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

eXp World Holdings, Inc. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Mixed

N/A

eXp World Holdings, Inc. reported a net loss of $22.7M while generating $118.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.0B

YoY+5.3%

eXp World Holdings, Inc. generated $1.0B in revenue in Q1 2026. This represents an increase of 5.3% from the same quarter a year earlier.

EBITDA

-$7.1M

YoY+15.7%

eXp World Holdings, Inc.'s EBITDA was -$7.1M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.7% from the same quarter a year earlier.

Net Income

-$5.1M

YoY+53.8%

eXp World Holdings, Inc. reported -$5.1M in net income in Q1 2026. This represents an increase of 53.8% from the same quarter a year earlier.

EPS (Diluted)

-$0.03

YoY+57.1%

eXp World Holdings, Inc. earned -$0.03 per diluted share (EPS) in Q1 2026. This represents an increase of 57.1% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

$18.1M

YoY-51.6%

QoQ+51.6%

5Y CAGR-25.1%

eXp World Holdings, Inc. generated $18.1M in free cash flow in Q1 2026, representing cash available after capex. This represents a decrease of 51.6% from the same quarter a year earlier. Against the prior quarter it is up 51.6%.

Cash & Debt

$122.1M

YoY+5.6%

QoQ-1.7%

5Y CAGR+3.2%

10Y CAGR+76.2%

eXp World Holdings, Inc. held $122.1M in cash as of Q1 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.05

YoY0.0%

QoQ0.0%

eXp World Holdings, Inc. paid $0.05 per share in dividends in Q1 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

164M

YoY+5.2%

QoQ+2.0%

5Y CAGR+2.6%

10Y CAGR+12.5%

eXp World Holdings, Inc. had 164M shares outstanding in Q1 2026. This represents an increase of 5.2% from the same quarter a year earlier. Against the prior quarter it is up 2.0%.

Margins & Returns

Gross Margin

7.5%

YoY-0.5pp

eXp World Holdings, Inc.'s gross margin was 7.5% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the same quarter a year earlier.

Operating Margin

-0.9%

YoY+0.2pp

eXp World Holdings, Inc.'s operating margin was -0.9% in Q1 2026, reflecting core business profitability. This is up 0.2 percentage points from the same quarter a year earlier.

Net Margin

-0.5%

YoY+0.6pp

eXp World Holdings, Inc.'s net profit margin was -0.5% in Q1 2026, showing the share of revenue converted to profit. This is up 0.6 percentage points from the same quarter a year earlier.

Return on Equity

-2.0%

YoY+3.2pp

eXp World Holdings, Inc.'s ROE was -2.0% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the same quarter a year earlier.

Capital Allocation

R&D Spending

$17.6M

YoY+4.7%

eXp World Holdings, Inc. invested $17.6M in research and development in Q1 2026. This represents an increase of 4.7% from the same quarter a year earlier.

Capital Expenditures

$2.5M

YoY-1.5%

QoQ+33.5%

5Y CAGR+2.2%

10Y CAGR+44.3%

eXp World Holdings, Inc. invested $2.5M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is up 33.5%.

Share Buybacks

Not reported for Q1 2026.

EXPI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

EXPI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	N/A	N/A	N/A	N/A	N/A	$3.8B+109.7%	$1.8B	N/A	$500.1M	N/A	$53.6M	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$459.7M	N/A	$46.4M	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	$333.6M-2.6%	$342.4M+7.0%	$319.9M	N/A	N/A	N/A	N/A	$40.4M+145.0%	$16.5M+131.9%	$7.1M+113.2%	$3.3M+47.1%	$2.3M	N/A	$1.0M	N/A
R&D Expenses	N/A	$69.6M+19.7%	$58.2M-2.3%	$59.5M+9.9%	$54.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0	N/A
SG&A Expenses	N/A	$274.9M+8.9%	$252.4M+1.8%	$247.8M-10.0%	$275.4M+10.3%	$249.7M+103.3%	$122.8M+37.9%	$89.0M+48.8%	$59.9M+67.7%	$35.7M+168.9%	$13.3M+192.1%	$4.5M+141.3%	$1.9M	N/A	$827K+5097.9%	$16K
Operating Income	N/A	-$21.5M-13.0%	-$19.0M-3738.7%	$522K-96.8%	$16.4M-52.1%	$34.2M+8.1%	$31.6M+459.8%	-$8.8M+60.8%	-$22.4M-1.6%	-$22.0M-198.9%	-$7.4M-297.1%	-$1.9M-5652.3%	$33K+103.0%	-$1.1M-1465.6%	-$71K	N/A
EBITDA	N/A	-$14.6M-30.8%	-$11.2M-197.8%	$11.4M-56.4%	$26.2M-35.2%	$40.4M+12.8%	$35.8M+632.6%	-$6.7M+68.8%	-$21.5M+0.8%	-$21.7M-196.4%	-$7.3M-299.7%	-$1.8M-3918.4%	$48K+104.3%	-$1.1M-1621.1%	-$65K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$53K+2459.2%	$2K+461.4%	$370-67.2%	$1K+19.6%	$942-53.7%	$2K+7.3%	$2K	N/A
Income Tax	N/A	$2.5M+131.6%	$1.1M+6793.8%	-$16K+99.8%	-$8.2M+82.7%	-$47.5M-11598.1%	$413K-16.9%	$497K+537.2%	$78K-19.8%	$97K+128.6%	$43K-58.7%	$103K+244.4%	-$71K-4724.3%	$2K-28.1%	$2K	N/A
Net Income	N/A	-$22.7M-6.8%	-$21.3M-137.0%	-$9.0M-158.1%	$15.4M-81.0%	$81.2M+160.9%	$31.1M+426.7%	-$9.5M+57.5%	-$22.4M-1.4%	-$22.1M-199.7%	-$7.4M-280.9%	-$1.9M-1967.1%	$104K+109.3%	-$1.1M-1382.1%	-$75K-50.4%	-$50K
EPS (Basic)	N/A	-$0.140.0%	-$0.14-133.3%	-$0.06-160.0%	$0.10-82.1%	$0.56+154.5%	$0.22+375.0%	-$0.08+57.9%	-$0.19+54.8%	-$0.42-200.0%	-$0.14-250.0%	-$0.04	$0.00	$0.00	N/A	N/A
EPS (Diluted)	—	-$0.140.0%	-$0.14-133.3%	-$0.06-160.0%	$0.10-80.4%	$0.51+142.9%	$0.21+362.5%	-$0.08	-$0.19	-$0.42-200.0%	-$0.14-250.0%	-$0.04	$0.00	$0.00	N/A	N/A
Diluted Shares (Avg)	N/A	157M+2.1%	154M-2.0%	157M+0.4%	156M-1.0%	158M+4.1%	152M+20.0%	126M	115M	53M+4.1%	51M+3.4%	49M-4.5%	52M-94.9%	1.01B	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$1.0B+5.3%	N/A	$1.3B+6.9%	$1.3B+1.1%	$954.9M+1.3%	N/A	$1.2B+1.5%	$1.3B+5.2%
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$911K+11.4%	$910K+14.3%
Gross Profit	$75.3M-1.0%	N/A	N/A	N/A	$76.1M	N/A	$1.2B+1.5%	$1.3B+5.2%
R&D Expenses	$17.6M+4.7%	N/A	$17.3M+25.4%	$18.1M+21.9%	$16.8M+13.8%	N/A	$13.8M-10.8%	$14.8M-0.3%
SG&A Expenses	$64.2M-4.0%	N/A	$62.3M+1.5%	$74.1M+21.1%	$66.9M+6.9%	N/A	$61.4M+1.7%	$61.2M-5.8%
Operating Income	-$8.8M+15.3%	N/A	$4.0M+148.2%	-$2.4M-112.8%	-$10.4M+42.9%	N/A	-$8.3M-324.9%	$18.5M+44.4%
EBITDA	-$7.1M+15.7%	N/A	$5.7M+196.2%	-$789K-103.7%	-$8.4M+46.6%	N/A	-$6.0M-191.7%	$21.5M+34.6%
Income Tax	-$3.6M-312.6%	N/A	$932K+169.9%	$468K-94.3%	$1.7M+150.6%	N/A	-$1.3M-174.6%	$8.1M+209.5%
Net Income	-$5.1M+53.8%	N/A	$3.5M+141.1%	-$2.3M-118.5%	-$11.0M+29.5%	N/A	-$8.5M-730.5%	$12.4M+31.4%
EPS (Basic)	-$0.03+57.1%	N/A	$0.02+133.3%	-$0.01-112.5%	-$0.07+30.0%	N/A	-$0.06-700.0%	$0.08+33.3%
EPS (Diluted)	-$0.03+57.1%	N/A	$0.02+133.3%	-$0.01-112.5%	-$0.07+30.0%	N/A	-$0.06-700.0%	$0.08+33.3%
Diluted Shares (Avg)	162M+4.7%	N/A	161M+4.9%	156M+0.1%	155M0.0%	N/A	153M-3.1%	156M-0.5%

Not reported in any period shown, so not listed: Interest Expense.

EXPI Balance Sheet

EXPI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$442.5M+13.2%	$390.7M+1.3%	$385.7M+1.0%	$381.7M-7.8%	$413.8M+70.9%	$242.2M+151.1%	$96.5M+72.7%	$55.8M+281.5%	$14.6M+139.8%	$6.1M+385.7%	$1.3M+37.6%	$913K+176.1%	$331K+51.9%	$218K	N/A
Current Assets	$304.9M+13.8%	$268.0M+0.6%	$266.5M+4.5%	$255.1M-20.1%	$319.3M+50.5%	$212.2M+169.3%	$78.8M+86.2%	$42.3M+223.1%	$13.1M+135.4%	$5.6M+385.4%	$1.1M+51.1%	$759K+165.3%	$286K+37.5%	$208K	N/A
Cash & Equivalents	$124.2M+9.4%	$113.6M-9.7%	$125.9M+3.5%	$121.6M+12.3%	$108.2M+8.1%	$100.1M+149.8%	$40.1M+95.2%	$20.5M+339.6%	$4.7M+177.3%	$1.7M+194.6%	$572K+61.8%	$353K+253.2%	$100K+71.6%	$58K	$0
Accounts Receivable	$108.8M+24.1%	$87.7M+2.8%	$85.3M-2.2%	$87.3M-34.6%	$133.5M+73.5%	$77.0M+172.9%	$28.2M+61.8%	$17.4M+152.1%	$6.9M+129.2%	$3.0M+782.7%	$342K+86.7%	$183K+83.7%	$100K+58.9%	$63K	N/A
Goodwill	$17.9M+3.8%	$17.2M+1.4%	$17.0M-37.6%	$27.2M+110.2%	$12.9M0.0%	$12.9M+56.9%	$8.2M0.0%	$8.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$199.7M+7.5%	$185.9M+31.2%	$141.7M+6.8%	$132.7M-30.3%	$190.3M+91.1%	$99.6M+124.7%	$44.3M+71.4%	$25.9M+149.3%	$10.4M+190.1%	$3.6M+454.9%	$645K+29.1%	$500K+60.1%	$312K-25.6%	$419K	N/A
Current Liabilities	$199.7M+7.5%	$185.9M+31.2%	$141.7M+11.3%	$127.3M-31.9%	$186.8M+93.3%	$96.7M+130.3%	$42.0M+73.3%	$24.2M+133.3%	$10.4M+190.1%	$3.6M+438.5%	$664K+33.0%	$500K+99.8%	$250K-30.0%	$357K+514.2%	$58K
Non-Current Liabilities	$0	$0	$0-100.0%	$5.4M+55.0%	$3.5M+17.9%	$3.0M+25.1%	$2.4M+42.6%	$1.7M	$0	$0+100.0%	-$20K	$0-100.0%	$62K0.0%	$62K	N/A
Long-Term Debt	N/A	N/A	$20K-99.6%	$4.7M+73.1%	$2.7M-5.6%	$2.9M+88.0%	$1.5M-7.5%	$1.7M	N/A	N/A	$0	$0-100.0%	$62K0.0%	$62K	N/A
Total Equity	$242.8M+18.5%	$204.9M-15.6%	$242.8M-2.0%	$247.8M+11.5%	$222.2M+56.9%	$141.6M+172.4%	$52.0M+73.3%	$30.0M+603.6%	$4.3M+68.6%	$2.5M+312.9%	$612K+48.0%	$414K+2098.4%	$19K+109.3%	-$201K-246.1%	-$58K
Retained Earnings	-$121.6M-78.5%	-$68.1M-306.3%	-$16.8M-180.9%	$20.7M-32.1%	$30.5M+177.9%	-$39.2M+44.3%	-$70.3M-15.7%	-$60.8M-86.4%	-$32.6M-211.5%	-$10.5M-74.7%	-$6.0M-325.0%	-$1.4M+6.9%	-$1.5M-283.5%	-$395K-229.8%	-$120K

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$467.2M+7.2%	$442.5M+13.2%	$458.7M+6.0%	$481.2M+5.2%	$435.8M+2.1%	$390.7M+1.3%	$432.6M+2.3%	$457.4M-5.3%
Current Assets	$328.7M+9.2%	$304.9M+13.8%	$323.1M+4.4%	$345.0M+2.8%	$300.9M+0.2%	$268.0M+0.6%	$309.6M+3.3%	$335.6M-5.8%
Cash & Equivalents	$122.1M+5.6%	$124.2M+9.4%	$112.8M-13.5%	$94.6M-12.8%	$115.7M+5.9%	$113.6M-9.7%	$130.4M+8.6%	$108.4M-13.1%
Accounts Receivable	$123.2M+18.4%	$108.8M+24.1%	$123.8M+17.7%	$146.2M+9.2%	$104.0M-1.2%	$87.7M+2.8%	$105.1M-7.2%	$133.9M-0.8%
Goodwill	$17.6M+2.2%	$17.9M+3.8%	$17.6M-11.2%	$17.9M-9.1%	$17.3M+3.5%	$17.2M+1.4%	$19.9M-20.1%	$19.7M-28.6%
Total Liabilities	$211.3M-5.6%	$199.7M+7.5%	$223.5M+0.9%	$262.9M+10.9%	$223.8M+9.5%	$185.9M+31.2%	$221.5M+28.8%	$237.1M+5.6%
Current Liabilities	$211.3M-5.6%	$199.7M+7.5%	$223.5M+0.9%	$262.9M+10.9%	$223.8M+9.6%	$185.9M+31.2%	$221.5M+28.8%	$237.1M+5.6%
Non-Current Liabilities	$0	$0	$0	$0	$0-100.0%	$0	$0-100.0%	$0-100.0%
Total Equity	$255.9M+20.7%	$242.8M+18.5%	$235.3M+11.4%	$218.4M-0.9%	$212.0M-4.7%	$204.9M-15.6%	$211.1M-15.5%	$220.3M-14.3%
Retained Earnings	-$134.7M-55.2%	-$121.6M-78.5%	-$100.9M-97.5%	-$96.7M-175.6%	-$86.8M-116.9%	-$68.1M-306.3%	-$51.1M-526.9%	-$35.1M-293.5%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Long-Term Debt.

EXPI Cash Flow Statement

EXPI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$99.3M	$118.6M-38.1%	$191.5M-8.4%	$209.1M-0.7%	$210.5M-14.7%	$246.9M+106.3%	$119.7M+116.8%	$55.2M+127.0%	$24.3M+432.2%	$4.6M+346.0%	$1.0M+195.9%	$346K+41.6%	$244K+1165.7%	-$23K+37.2%	-$37K-10.0%	-$33K
Depreciation & Amortization	N/A	$6.9M-12.3%	$7.8M-28.1%	$10.9M+10.7%	$9.8M+57.5%	$6.2M+48.3%	$4.2M+104.9%	$2.1M+136.4%	$870K+146.3%	$353K+505.1%	$58K+121.9%	$26K+81.5%	$14K+226.3%	$4K-33.8%	$7K	N/A
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	$13.1M+92.6%	$6.8M+33.7%	$5.1M+4.9%	$4.8M-55.8%	$11.0M+119.4%	$5.0M+371.8%	$1.1M+675.9%	$136K-45.1%	$249K	$0	N/A
Capital Expenditures	$9.5M	$9.6M+47.6%	$6.5M+20.9%	$5.4M-55.5%	$12.1M-10.2%	$13.4M+108.6%	$6.4M+28.7%	$5.0M+134.3%	$2.1M+66.6%	$1.3M+207.5%	$417K+629.5%	$57K+16.5%	$49K+24.1%	$40K+10110.1%	$387	N/A
Free Cash Flow	$89.8M	$109.0M-41.1%	$185.0M-9.2%	$203.8M+2.7%	$198.5M-15.0%	$233.5M+106.2%	$113.2M+125.6%	$50.2M+126.3%	$22.2M+574.6%	$3.3M+441.0%	$608K+110.2%	$289K+47.9%	$195K+412.9%	-$62K-69.1%	-$37K	N/A
Investing Cash Flow	-$11.3M	-$23.5M-20.6%	-$19.5M-44.2%	-$13.5M+39.9%	-$22.5M-18.7%	-$18.9M-11.6%	-$17.0M-153.6%	-$6.7M+24.5%	-$8.9M-591.5%	-$1.3M-207.5%	-$417K-629.5%	-$57K	N/A	$0	$0	N/A
Financing Cash Flow	-$82.2M	-$86.5M+49.2%	-$170.4M+7.4%	-$184.1M+10.0%	-$204.5M-13.7%	-$179.9M-721.8%	-$21.9M+10.9%	-$24.6M-1319.3%	$2.0M+1249.0%	$149K-69.7%	$494K+882.9%	-$63K	N/A	$63K+68.4%	$37K+13.8%	$33K
Dividends Paid	$31.1M	$30.8M+2.2%	$30.1M+5.5%	$28.5M+13.0%	$25.2M+118.5%	$11.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$56.2M-60.2%	$141.1M-12.1%	$160.6M-10.5%	$179.5M+4.3%	$172.0M+485.7%	$29.4M+8.6%	$27.1M	N/A	$4K	$0-100.0%	$3K	$0	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$20.6M-48.4%	$13.8M+0.6%	$28.9M-37.2%	$36.1M-49.3%	$39.8M-34.3%	$13.7M-58.0%	$46.0M+105.8%	$71.1M-27.4%
Depreciation & Amortization	$1.7M-13.7%	N/A	$1.7M-28.1%	$1.6M-46.4%	$1.9M-18.9%	N/A	$2.4M-14.7%	$3.0M-5.7%
Capital Expenditures	$2.5M-1.5%	$1.9M-9.3%	$2.3M+42.7%	$2.8M+93.1%	$2.6M+93.0%	$2.1M+77.4%	$1.6M+115.3%	$1.4M-27.6%
Free Cash Flow	$18.1M-51.6%	$11.9M+2.3%	$26.6M-40.1%	$33.3M-52.2%	$37.3M-37.2%	$11.6M-63.0%	$44.4M+105.5%	$69.7M-27.4%
Investing Cash Flow	-$2.1M+85.3%	-$3.0M+54.2%	-$3.3M-26.8%	-$3.0M+42.2%	-$14.2M-171.6%	-$6.5M-198.0%	-$2.6M-91.0%	-$5.1M+37.4%
Financing Cash Flow	-$7.9M+35.3%	-$17.8M+44.5%	-$24.0M+42.7%	-$32.5M+41.6%	-$12.3M+69.9%	-$32.0M+3.7%	-$41.9M+30.0%	-$55.6M-1.7%
Dividends Paid	$8.0M+4.8%	$7.8M+3.5%	$7.7M+2.9%	$7.7M+2.4%	$7.6M+0.2%	$7.5M-0.1%	$7.5M-0.4%	$7.5M+9.1%
Share Buybacks	N/A	$10.0M-59.9%	$16.4M-53.3%	$24.9M-48.4%	$5.0M-84.9%	$24.8M-4.2%	$35.0M-37.4%	$48.2M-1.2%

Not reported in any period shown, so not listed: Stock-Based Compensation.

EXPI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

EXPI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	8.1%	N/A	13.3%	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	0.9%-0.9pp	1.8%	N/A	-4.5%	N/A	-13.8%	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	2.1%+0.4pp	1.7%	N/A	-4.5%	N/A	-13.8%	N/A	N/A	N/A	N/A	N/A
Return on Equity	-9.4%+1.0pp	-10.4%-6.7pp	-3.7%-9.9pp	6.2%-30.3pp	36.6%+14.6pp	22.0%+40.3pp	-18.3%+56.5pp	-74.8%+444.6pp	-519.4%-227.2pp	-292.2%+24.5pp	-316.8%-341.9pp	25.1%+5971.1pp	-5946.0%	N/A	N/A
Return on Assets	-5.1%+0.3pp	-5.4%-3.1pp	-2.3%-6.4pp	4.0%-15.6pp	19.6%+6.8pp	12.8%+22.7pp	-9.9%+30.3pp	-40.2%+111.0pp	-151.2%-30.2pp	-121.0%+33.3pp	-154.3%-165.6pp	11.4%+349.7pp	-338.3%-303.6pp	-34.7%	N/A
Current Ratio	1.53+0.1x	1.44-0.4x	1.88-0.1x	2.00+0.3x	1.71-0.5x	2.20+0.3x	1.88+0.1x	1.75+0.5x	1.26-0.3x	1.56-0.2x	1.73+0.2x	1.52+0.4x	1.14+0.6x	0.58	N/A
Debt-to-Equity	0.82-0.1x	0.91+0.9x	0.000.0x	0.020.0x	0.010.0x	0.020.0x	0.030.0x	0.06-2.4x	2.44+1.0x	1.42+1.4x	0.000.0x	0.00-3.3x	3.29	N/A	N/A
Asset Turnover	N/A	N/A	N/A	N/A	9.11+1.7x	7.43	N/A	8.96	N/A	8.77	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	6.2%-0.1pp	6.3%	N/A	4.4%	N/A	1.1%	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	7.5%-0.5pp	N/A	N/A	N/A	8.0%	N/A	99.9%0.0pp	99.9%0.0pp
Operating Margin	-0.9%+0.2pp	N/A	0.3%+1.0pp	-0.2%-1.6pp	-1.1%+0.8pp	N/A	-0.7%-1.0pp	1.4%+0.4pp
Net Margin	-0.5%+0.6pp	N/A	0.3%+1.0pp	-0.2%-1.1pp	-1.1%+0.5pp	N/A	-0.7%-0.8pp	1.0%+0.2pp
Return on Equity	-2.0%+3.2pp	N/A	1.5%+5.5pp	-1.1%-6.7pp	-5.2%+1.8pp	N/A	-4.0%-4.6pp	5.6%+2.0pp
Return on Assets	-1.1%+1.4pp	N/A	0.8%+2.7pp	-0.5%-3.2pp	-2.5%+1.1pp	N/A	-2.0%-2.3pp	2.7%+0.8pp
Current Ratio	1.56+0.2x	1.53+0.1x	1.450.0x	1.31-0.1x	1.34-0.1x	1.44-0.4x	1.40-0.3x	1.42-0.2x
Debt-to-Equity	0.83-0.2x	0.82-0.1x	0.95-0.1x	1.20+0.1x	1.06+1.1x	0.91+0.9x	1.05+1.0x	1.08+1.1x
Asset Turnover	2.150.0x	N/A	2.870.0x	2.72-0.1x	2.190.0x	N/A	2.850.0x	2.83+0.3x
FCF Margin	1.8%-2.1pp	N/A	2.0%-1.6pp	2.5%-2.8pp	3.9%-2.4pp	N/A	3.6%+1.8pp	5.4%-2.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
eXp World Holdings, Inc. EXPI	FY2025	N/A	-$22.7M	N/A	$1.1B	—
MARCUS & MILLICHAP MMI	FY2025	$755.2M	-$1.9M	-0.3%	$1.1B	27/100
KENNEDY-WILSON HOLDINGS, INC. KW	FY2025	$501.0M	$23.8M	4.8%	$1.5B	11/100

Where eXp World Holdings, Inc. Ranks

Frequently Asked Questions

Is eXp World Holdings, Inc. profitable?

No, eXp World Holdings, Inc. (EXPI) reported a net income of -$22.7M in fiscal year 2025.

What is eXp World Holdings, Inc.'s EBITDA?

eXp World Holdings, Inc. (EXPI) had EBITDA of -$14.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Does eXp World Holdings, Inc. pay dividends?

Yes, eXp World Holdings, Inc. (EXPI) paid $0.05 per share in dividends during fiscal year 2025.

What is eXp World Holdings, Inc.'s return on equity (ROE)?

eXp World Holdings, Inc. (EXPI) has a return on equity of -9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is eXp World Holdings, Inc.'s free cash flow?

eXp World Holdings, Inc. (EXPI) generated $109.0M in free cash flow during fiscal year 2025. This represents a -41.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is eXp World Holdings, Inc.'s operating cash flow?

eXp World Holdings, Inc. (EXPI) generated $118.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are eXp World Holdings, Inc.'s total assets?

eXp World Holdings, Inc. (EXPI) had $442.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are eXp World Holdings, Inc.'s capital expenditures?

eXp World Holdings, Inc. (EXPI) invested $9.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does eXp World Holdings, Inc. spend on research and development?

eXp World Holdings, Inc. (EXPI) invested $69.6M in research and development during fiscal year 2025.

Does eXp World Holdings, Inc. buy back shares?

Yes, eXp World Holdings, Inc. (EXPI) spent $56.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does eXp World Holdings, Inc. have outstanding?

eXp World Holdings, Inc. (EXPI) had 161M shares outstanding as of fiscal year 2025.

What is eXp World Holdings, Inc.'s current ratio?

eXp World Holdings, Inc. (EXPI) had a current ratio of 1.53 as of fiscal year 2025, which is generally considered healthy.

What is eXp World Holdings, Inc.'s debt-to-equity ratio?

eXp World Holdings, Inc. (EXPI) had a debt-to-equity ratio of 0.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is eXp World Holdings, Inc.'s return on assets (ROA)?

eXp World Holdings, Inc. (EXPI) had a return on assets of -5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is eXp World Holdings, Inc.'s Piotroski F-Score?

eXp World Holdings, Inc. (EXPI) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are eXp World Holdings, Inc.'s earnings high quality?

eXp World Holdings, Inc. (EXPI) reported a net loss of $22.7M while generating $118.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.