eXp World Holdings Inc. (EXPI) is a services-sector company operating in the real estate and technology industry. The company is the parent organization of eXp Realty, a cloud-based real estate brokerage that operates without physical offices.
Its business model is built around a fully virtual platform, allowing real estate agents to work remotely while accessing training, collaboration tools and brokerage services through digital environments.
Its main activities include:
• eXp Realty, a global cloud-based real estate brokerage.
• Virtual collaboration platforms used for training and corporate operations.
• Technology solutions for real estate professionals and brokerages.
• Education and professional development initiatives for agents.
The company operates in more than 20 countries, including the United States, Canada, the United Kingdom, Brazil and several European markets.
Industry factors affecting eXp include housing market conditions, interest rate cycles, real estate transaction volumes and competition from traditional brokerage networks and digital real estate platforms. eXp World Holdings Inc. trades on the Nasdaq under the ticker EXPI.
History and Development
eXp World Holdings Inc. was founded in 2009 in the United States by Glenn Sanford with the objective of creating a fully cloud-based real estate brokerage.
The company’s virtual model attracted real estate agents by offering remote work flexibility, digital training environments and alternative compensation structures.
In 2013, the company became publicly traded and continued expanding its brokerage operations across the United States.
Over the following years, eXp expanded internationally and strengthened its technology-driven brokerage model, becoming one of the largest cloud-based real estate platforms in the industry.
Additional Information
eXp World Holdings Inc. (United States) is listed on the Nasdaq and has a market capitalization of $1.07 Billion, with shareholders equity totaling $242.78 Millions.
The company employs approximately 900 people and operates in the Services sector, within the Real Estate Activities industry.
Over the past 12 months, eXp World Holdings Inc. reported $4.77 Billions in revenue, generating net income of $-22.71 Millions.
Key financial metrics include a P/E ratio of -46.99, a price-to-book (P/B) ratio of 4.40, and a trailing twelve-month dividend yield of 3.00%.
The company trades under the ticker EXPI.