NASDAQ$EXPI

eXp World Holdings Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

eXp World reported a mixed Q3 2024 with revenue increase and a net loss due to litigation contingency provision, but adjusted net income and EBITDA improved.

eXp World Holdings reported a 2% increase in revenue to $1.2 billion for Q3 2024. However, the company experienced a net loss of $6.5 million, impacted by an $18.0 million litigation contingency provision. Despite the net loss, adjusted net income and adjusted EBITDA showed improvements compared to the same period last year.

  • Revenue increased by 2% to $1.2 billion, driven by higher home sales prices and agent productivity.
  • Net loss from continuing operations was ($6.5 million), influenced by an $18.0 million litigation contingency provision.
  • Adjusted net income excluding the antitrust litigation contingency provision was $7.8 million.
  • Global agent Net Promoter Score (aNPS) increased to 76 from 74 year-over-year.

Headline financials

Total Revenue

$1.23B

Previous: $1.21B+1.4%
EPS

-$0.06

Previous: $0.01-700.0%
Capital Expenditures

-$4.41M

Previous: -$4.19M-5.1%
Free Cash Flow

-$12.9M

Previous: -$2.84M-354.1%
Net Income

-$8.51M

Previous: $1.35M-730.5%
Operating Income

-$8.33M

Previous: $1.86M-547.3%
Gross Profit

$1.23B

Previous: -$2.21M+55743.4%
Cash & Equivalents

$130M

Previous: $120M+8.6%
Total Assets

$433M

Previous: $423M+2.3%
R&D Expense

$13.8M

No prior period

Revenue & EPS history

eXp World · Revenue · Quarterly

$1.23B

Q3 2024+1.4%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

eXp World Holdings did not provide specific financial forward guidance in the Q3 2024 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 Q3 2024

Historical avgQ3 2024

+1.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.2%

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%-28.8%
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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