Exp World (NASDAQ:EXPI) Announces Quarterly Earnings Results

Exp World (NASDAQ:EXPI) released its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05), FiscalAI reports. Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year.

Here are the key takeaways from Exp World’s conference call:

• International expansion accelerated — launched in 7 new countries, with international revenue up 67% YoY to $147 million and launch costs down ~37% versus earlier expansion efforts.
• Agent productivity and retention improved — productivity per person was 5.3, Q4 productivity rose 6% YoY, revenue growth accelerated in Q4 (+9%), total agents ended at ~83,060, and attrition improved 17% YoY (23% in the U.S.).
• Full-year financials were mixed — 2025 revenue was $4.8 billion (+4%), gross profit $333.6 million, adjusted EBITDA $33.2 million, operating loss $21.5 million, and year-end cash of $124.2 million.
• Margin pressure from investments — gross margin compression and higher spending on technology, events, and legal weighed on profitability and drove adjusted EBITDA lower YoY despite operational efficiency gains.
• 2026 outlook and AI/tech strategy — company guided 2026 revenue $4.85B–$5.15B and adjusted EBITDA $50M–$75M, citing AI copilots, the eXp Hub, and a single-threaded leader framework to scale margins and agent productivity.

Exp World Price Performance

Shares of NASDAQ EXPI remained flat at $5.99 during trading on Tuesday. 1,075,264 shares of the stock were exchanged, compared to its average volume of 1,232,032. The firm’s 50-day moving average price is $7.34 and its 200 day moving average price is $9.35. The stock has a market capitalization of $969.72 million, a PE ratio of -42.78 and a beta of 2.13. Exp World has a 12-month low of $5.66 and a 12-month high of $12.23.

Exp World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 9th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 9th. This represents a $0.20 annualized dividend and a yield of 3.3%. Exp World’s dividend payout ratio is currently -142.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in Exp World by 139.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock valued at $31,000 after buying an additional 1,998 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Exp World in the fourth quarter worth $37,000. Geneos Wealth Management Inc. increased its position in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after acquiring an additional 1,856 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Exp World by 387.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock valued at $101,000 after acquiring an additional 8,827 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in Exp World in the second quarter valued at about $123,000. Institutional investors own 27.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EXPI shares. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. DA Davidson set a $11.00 price target on Exp World in a research report on Thursday, February 26th. Benchmark began coverage on Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. Finally, Zelman & Associates initiated coverage on shares of Exp World in a report on Friday, March 20th. They set an “underperform” rating and a $4.75 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.92.

About Exp World

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.