eXp World Holdings, Inc.

eXp World Holdings, Inc.

EXPIยทNASDAQ

$4.58

-4.7%
Real EstateReal Estate - Services

eXp World Holdings, Inc., together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers. It is also involved in building 3D virtual worlds for work, education, and events; and focused on agent website and consumer real estate portal technology. In addition, the company operates SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, podcasts, digital training courses, and affiliated social media accounts across platforms. Further, it provides marketing, training, and other support services to its brokers and agents through proprietary technology enabled services, as well as technology and support services contracted to third parties. eXp World Holdings, Inc. operates in the United States, Canada, the United Kingdom, Australia, South Africa, India, Portugal, France, Mexico, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, and Germany. The company was formerly known as eXp Realty International Corporation and changed its name to eXp World Holdings, Inc. in May 2016. eXp World Holdings, Inc. was incorporated in 2008 and is based in Bellingham, Washington.

At a Glance

Live Snapshot
Market Cap$728.65M
EPS-0.1400
P/E Ratio-32.68
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -32.7).

Valuation inputs: P/E -32.7, earnings yield N/A, momentum -4.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -9.4%, ROIC -8.8%).

Profitability stack: net margin -0.5%, ROE -9.4%, ROIC -8.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +45.1%, momentum -4.7%, net margin -0.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

expi

eXp World Holdings, Inc. Market vs Earnings Trajectory

EXPI ยท NASDAQ

Loading price and EPS data...

eXp World Holdings, Inc.

eXp World Holdings, Inc. Fair Value Envelope

EXPI ยท NASDAQ

Our analysis suggests that EXPI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.575, this represents a potential HIDDEN relative to our calculated worth for eXp World Holdings, Inc..

Intrinsic Value
Current Price: $4.575
3Y-240.0%
5Y-164.0%
10Y-44.0%
3Y+4.0%
5Y+165.0%
10Y+8708.0%
3Y-247.0%
5Y-173.0%
10Y-13.0%
3Y-44.0%
5Y-1.0%
10Y+11480.0%
3Y-45.0%
5Y-4.0%
10Y+17846.0%
3Y+16.0%
5Y+83.0%
10Y+7149.0%
eXp World Holdings, Inc.

eXp World Holdings, Inc. Profit Bridge

EXPI ยท NASDAQ
Revenue4.77B
Cost of Goods Sold (4.44B)
Gross Profit333.58M
Operating Expenses (355.04M)
Operating Income-21.47M
Interest Expense (0.00)
Other Income/Expense1.23M
Pretax Income-20.23M
Income Tax (2.48M)
Net Income-22.71M
Net Income
-22.71M

Profitability Analysis

Gross Margin

7.0%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-0.4%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-0.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

6.99%
Gross Profit Margin
-7%
3Y-11.0%
5Y-21.0%
10Y-49.0%
-0.45%
Operating Profit Margin
8%
3Y-226.0%
5Y-126.0%
10Y-99.0%
-0.48%
Net Profit Margin
2%
3Y-241.0%
5Y-127.0%
10Y-99.0%
-9.36%
Return on Equity
-10%
3Y-250.0%
5Y-143.0%
10Y-99.0%
-5.13%
Return on Assets
-6%
3Y-227.0%
5Y-140.0%
10Y-99.0%
-8.84%
Return on Invested Capital
-5%
3Y-238.0%
5Y-142.0%
10Y-99.0%
EXPI

eXp World Holdings, Inc. Cash Conversion Engine

EXPI ยท NASDAQ
Net Income-22.71M
Depreciation & Amortization9.56M
Stock-Based Compensation38.36M
Change in Working Capital-10.86M
Others104.26M
Capital Expenditures-9.57M
Free Cash Flow109.04M

Cash Flow Quality Analysis

FCF Conversion Rate

-480.1%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

8.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-41.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$10.86M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

expi

eXp World Holdings, Inc. Funding & Solvency Profile

EXPI ยท NASDAQ
Cash & Cash Equivalents122.15M
Net Receivables123.18M
Inventory0.00
Other Current Assets83.35M
Total Current Assets329 M
Property, Plant & Equipment15.15M
Goodwill & Intangible Assets21.05M
Long-Term Investments0.00
Other Non-Current Assets23.11M
Total Non-Current Assets38 M
Total Assets
467.17M

Financial Health Analysis

Current Ratio

1.56x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.83x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

117 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

70% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

expi

eXp World Holdings, Inc. Street Expectations Map

EXPI ยท NASDAQ

Wall Street analysts project that EXPI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 11.00, with estimates ranging from a low of 11.00 to a high of 11.00.

Lowest Target
11.00
140.44%
Consensus Target
11.00
140.44%
Highest Target
11.00
140.44%

The consensus 1-year price target stands at 11.00, with estimates ranging from a low of 11.00 to a high of 11.00.

Analyst Consensus Analysis

Upside Potential

+140.4%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

expi

eXp World Holdings, Inc. Insider Positioning

EXPI ยท NASDAQ

During the last 12 months, insiders have sold $2.03M worth of EXPI shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

157.2K

1.84M

Net Activity

-1.8M

-$1.84M

9-12 Months

Bought

0

0.00

Sold

20.0K

192.70K

Net Activity

-193K

-$193K

Top Buyers

No buying activity

Top Sellers

1
SP

Sanford Penny

10 Percent Owner

117.2K sharesโ€ข1 transactions

$1.41M

2
MRD

Miles Randall D

Director

60.0K sharesโ€ข7 transactions

$620K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $2.03M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.82%
Dividend Yield
52%
3Y+141.0%
5Y-
10Y-
ย 

expi Dividend History

EXPI
10Y CAGR +2%
Latest $0.05
Annual $0.2
5 year growth trend
Last Period: +0%