NASDAQ$EXPI

eXp World Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

eXp World reported results for Q1 2023, which included positive net income and a decrease in revenue compared to the same quarter last year.

eXp World Holdings reported a decrease in revenue by 16% to $850.6 million, a net income of $1.5 million, and agent count grew 12% year over year to over 87,000. The company declared a cash dividend of $0.045 per share for Q2 2023.

  • Revenue decreased 16% to $850.6 million.
  • Net income was $1.5 million, with earnings per diluted share at $0.01.
  • Agent count increased by 12% year-over-year, reaching 87,327 agents.
  • International Realty segment achieved record revenue with 52% year-over-year growth.

Headline financials

Total Revenue

$851M

Previous: $1.01B-15.8%
EPS (adj)

$0.01

Previous: $0.06-83.3%
Agent Count

87.3K

No prior period
Capital Expenditures

$1.43M

Previous: -$4.68M+130.6%
Free Cash Flow

$1.45M

Previous: $4.2M-65.4%
Net Income

$1.45M

Previous: $8.88M-83.6%
Operating Income

-$1.67M

Previous: $4.44M-137.7%
Gross Profit

-$1.79M

Previous: -$219K-717.4%
Cash & Equivalents

$123M

Previous: $130M-5.6%
Total Assets

$415M

Previous: $502M-17.3%

Revenue & EPS history

eXp World · Revenue · Quarterly

$851M

Q1 2023-15.8%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

eXp World Holdings did not provide specific forward guidance in the earnings report.

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 2023

Historical avgQ1 2023

+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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