NASDAQ$EXPI
eXp World Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
eXp World's revenue remained solid, despite a challenging real estate market, but the company reported a net loss due to an impairment charge.
eXp World Holdings reported solid revenue but a net loss for Q4 2023. Revenue increased by 5% year-over-year, driven by its global agent base, while the net loss included a $9.2 million impairment charge related to the Virbela segment. The company focused on agent loyalty and strategic actions to improve profitability.
- Revenue increased 5% year-over-year to $983 million.
- Net loss was $(21.2) million, including a $9.2 million impairment charge for the Virbela segment.
- Agent Net Promoter Score (aNPS) reached record levels for both the fourth quarter and full year.
- Strategic actions were taken to improve profitability, with an expected $20 million annualized benefit to future operating results.
Headline financials
Revenue & EPS history
eXp World · Revenue · Quarterly
$983M
Forward guidance
eXp World Holdings plans to continue investments in agent productivity through ongoing efficiency initiatives and expects to emerge from the current market downturn in a strong position to capitalize on future market growth opportunities.
Tailwinds
- Continued investments in agent productivity.
- Ongoing efficiency initiatives.
- Strong position to capitalize on future market growth opportunities.
- Potential $20 million annualized benefit to future operating results from automation and cost savings initiatives.
- Focus on increasing operational flexibility.
Headwinds
- Uncertainties in the industry.
- Challenged real estate market.
- Decision to offboard a significant number of unproductive agents.
- Decrease in agent count quarter-over-quarter.
- Vigilance on costs due to current uncertainties.
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 2023
+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
| Quarter | Report date | Reaction (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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