NASDAQ$EXPI

eXp World Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record revenue driven by agent growth and expansion.

eXp World Holdings reported a record first quarter with revenue increasing by 73% year-over-year to $1.0 billion, driven by a 55% increase in agent growth. Net income also increased by 83% to $8.9 million. The company increased its stock repurchase program and declared a cash dividend for Q2 2022.

  • Revenue increased 73% year-over-year to $1.0 billion.
  • Gross profit increased 56% to $83.5 million.
  • Net income increased 83% to $8.9 million.
  • Agents and brokers on the eXp Realty platform increased 55% to 78,196.

Headline financials

Total Revenue

$1.01B

Previous: $584M+73.1%
EPS (adj)

$0.06

Previous: $0.03+100.0%
Capital Expenditures

-$4.68M

Previous: -$2.26M-107.5%
Free Cash Flow

$4.2M

Previous: $2.59M+62.1%
Net Income

$8.88M

Previous: $4.85M+83.3%
Operating Income

$4.44M

Previous: $4.93M-9.9%
Gross Profit

-$219K

Previous: -$385K+43.1%
Cash & Equivalents

$130M

Previous: $104M+24.6%
Total Assets

$502M

Previous: $298M+68.7%
Stock-Based Comp

$3.51M

Previous: $3.11M+12.9%

Revenue & EPS history

eXp World · Revenue · Quarterly

$1.01B

Q1 2022+73.1%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

eXp is aiming to reach over 100,000 agents and brokers worldwide by the end of the year through continued iteration on the agent value proposition.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+4.1%

Avg return

30 days after

43%

19 / 44 earnings

Positive

+42.1%

Q2 2021

Best reaction

-14.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.9%-28.0%
Q4 2025-2.7%-7.9%-19.8%
Q3 2025+11.2%+11.3%+12.8%
Q1 2025-14.0%-9.8%+1.8%
Q4 2024-9.5%-7.8%-12.2%
Q3 2024-2.5%+1.1%-7.6%
Q2 2024-9.6%-10.8%-17.2%
Q1 2024+13.0%+20.2%+12.6%
Q4 2023-1.4%+11.0%-11.8%
Q3 2023+7.0%+2.2%-2.1%
Q2 2023+0.1%+2.2%-21.3%
Q1 2023+11.1%+13.2%+33.2%
Q4 2022-6.5%-2.0%-3.2%
Q3 2022-13.7%-15.6%-1.6%
Q2 2022-4.6%+7.2%-20.7%
Q1 2022+2.2%-8.2%-2.8%
Q4 2021+11.9%+12.5%-8.1%
Q3 2021-11.1%-12.3%-33.1%
Q2 2021+42.1%+52.9%+41.8%
Q1 2021-8.5%-13.0%+9.9%
Q4 2020+14.3%-32.7%-30.9%
Q3 2020-13.6%-7.7%+22.7%
Q2 2020+16.0%+28.4%+69.2%
Q1 2020+2.7%+1.5%+36.4%
Q4 2019+18.8%+10.6%-4.0%
Q3 2019+0.0%+4.6%+22.8%
Q2 2019-9.8%-6.1%-17.0%
Q1 2019-1.3%-4.9%+0.3%
Q4 2018+6.2%+5.1%-3.1%
Q3 2018-5.1%-0.8%-19.3%
Q2 2018-6.0%-6.9%+0.1%
Q4 2017+9.6%+16.5%+46.5%
Q1 2018+9.6%+16.5%+46.5%
Q3 2017+0.0%-1.7%+24.0%
Q2 2017+2.4%+3.2%-11.8%
Q1 2017+0.0%-1.4%-15.6%
Q4 2016-1.1%+0.8%-3.3%
Q3 2016-1.8%+3.7%+0.2%
Q2 2016-1.4%-3.4%+41.2%
Q1 2016+5.5%
Q4 2015+10.6%
Q3 2015-6.8%
Q2 2015+1.2%
Q4 2014+0.0%

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