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eXp World Holdings Inc. is a services-sector company operating within the communication services industry. It serves as the parent organization of eXp Realty—one of the fastest-growing real estate brokerages worldwide—and of several technology platforms focused on the real estate industry.
Founded in 2009 by Glenn Sanford in the United States, the company emerged with the goal of transforming the traditional real estate sector through a fully cloud-based, remote-operating model.
Its creation was driven by the need to reduce operational costs and provide greater flexibility for agents, especially after the 2008 housing crisis.
The company’s portfolio includes:
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eXp Realty: a fully virtual, global real estate brokerage;
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eXp World and Virbela: immersive virtual-reality platforms used for training, corporate meetings, and collaboration;
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Success Enterprises: a personal development and education company.
eXp World Holdings has a global presence, operating in more than 20 countries, including the United States, Canada, the United Kingdom, Brazil, Mexico, France, and others.
Its business model is based on a decentralized structure in which agents work remotely through virtual environments, reducing fixed costs and increasing scalability.
The real estate market in which the company operates is highly competitive and sensitive to economic cycles, interest rates, and regulatory changes. eXp competes with traditional brokerage networks and emerging digital platforms such as Keller Williams, RE/MAX, and Compass.
Its operational structure includes proprietary technology, virtual training environments, distributed support teams, and an international network of more than 89,000 agents working entirely online through eXp Realty.
The company’s shares trade on the Nasdaq under the ticker EXPI.
History and when eXp World Holdings Inc. was founded
eXp World Holdings Inc. was founded in 2009 in the United States by Glenn Sanford during a challenging real estate environment following the 2008 financial crisis. The founder’s vision was to build a fully cloud-based brokerage with no physical offices, providing training and support in virtual environments.
In its early years, eXp Realty grew gradually across the United States, attracting agents with a more attractive commission-split model, equity participation programs, and access to virtual training.
In 2013, the company introduced its corporate platform inside a 3D virtual environment, a technology now known as Virbela—one of the foundations for its accelerated expansion.
The company completed its initial public offering (IPO) in 2013, enabling broader market exposure and additional capital for growth.
Beginning in 2018, eXp expanded internationally into markets such as Canada, the United Kingdom, and Australia. Over the following years, the company extended its presence through Europe, Latin America, and Asia.
Between 2020 and 2024, driven by global digitalization and remote work trends, the company strengthened its virtual model, expanded its agent base, and enhanced its technology platforms, becoming one of the largest and most innovative players in the global real estate industry.
Additional Information
The Company eXp World Holdings Inc. (United States), is listed on Nasdaq with a market cap of $ 1.77 Billion, having an equity of $ 235.26 Millions.
With a total of 900 employees, the company is listed in the sector of Services and categorized in industry of Real Estate Activities.
In the last 12 months the Company had a revenue of $ 4.68 Billions, which generated a profit in the amount of $ -19.32 Millions.
As for its main indicators, the Company has a P/E ratio of -91.81, a P/BV ratio of 7.54 and in the last 12 months the dividend yield of EXPI was at 2.21%.
The Company is traded internationally through the ticker EXPI.
