NASDAQ$EXPI

eXp World Holdings Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record fourth quarter and full-year financial results, with revenue increasing significantly and driving the most profitable year in company history.

eXp World Holdings reported a strong Q4 2020, marked by substantial revenue growth and increased profitability. The company's cloud-based brokerage model and agent-centric strategy drove significant agent growth and transaction volume.

  • Revenue increased by 122% to $609.3 million compared to Q4 2019.
  • Net income increased significantly to $7.7 million, up from $0.8 million in Q4 2019.
  • Agents and brokers on the eXp Realty platform increased 63% in 2020.
  • Residential transaction volume closed increased 123% to $24.6 billion.

Headline financials

Total Revenue

$609M

Previous: $274M+122.4%
EPS (adj)

$0.05

Previous: $0.01+400.0%
Capital Expenditures

$2.75M

Previous: $1.6M+72.0%
Free Cash Flow

$27.7M

Previous: $13.8M+100.6%
Net Income

$7.7M

Previous: $800K+862.5%
Operating Income

$7.83M

Previous: $1.12M+599.7%
Gross Profit

$50.4M

Previous: $24.4M+106.6%
Cash & Equivalents

$100M

Previous: $40.1M+149.8%
Total Assets

$242M

Previous: $96.5M+151.1%
Stock-Based Comp

$2.62M

Previous: $979K+167.8%

Revenue & EPS history

eXp World · Revenue · Quarterly

$609M

Q4 2020+122.4%vs Q4 2019
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

eXp World Holdings anticipates continued expansion of its core residential brokerage in the U.S. and key international markets throughout 2021. The company also expects increasing adoption of affiliated services businesses and leveraging of value-add and revenue-generating technologies to accelerate growth and increase market share.

Tailwinds

  • Continued expansion of core residential brokerage in the U.S.
  • Launch of operations in key international markets
  • Increasing adoption of affiliated services businesses
  • Leveraging value-add and revenue-generating technologies
  • Catalysts in place to accelerate growth and increase market share

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 Q4 2020

Historical avgQ4 2020

+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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