eXp World Holdings Inc (AGNT) financial statements: income statement, balance sheet and cash flow

eXp World Holdings Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), eXp World Holdings Inc reported revenue of $4.8B (+4.5% year on year) and net income of ($22.7M) (-35.3% year on year).

Income statement

eXp World Holdings Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$4.8B	$4.6B	$4.3B	$4.6B
Commissions and other agent-related costs	$4.4B	$4.2B	$4.0B	$4.2B
Gross profit	$333.6M	—	—	—
General and administrative expenses	$274.9M	$252.4M	$319.2M	$346.1M
Technology and development expenses	$69.6M	$58.2M	—	—
Sales and marketing expenses	$10.6M	$11.9M	$12.2M	$15.4M
Total operating expenses	$355.0M	$4.6B	$4.3B	$4.6B
Operating income (loss)	($21.5M)	($19.0M)	($16.5M)	$5.4M
Other (income) expense, net	($1.5M)	($4.4M)	($4.4M)	($804.0K)
Equity in (income) losses of unconsolidated affiliates	$281.0K	$1.2M	$1.4M	$1.6M
Other (income) expense, net	($1.2M)	($3.3M)	($3.0M)	$820.0K
Income (loss) before income tax expense	($20.2M)	($15.7M)	($13.4M)	$4.6M
Income tax (benefit) expense	$2.5M	$1.1M	($4.5M)	($10.8M)
Net income (loss) from continuing operations	($22.7M)	($16.8M)	—	—
Basic, net income (loss) from continuing operations (in dollars per share)	-$0.14	-$0.11	—	—
Basic, net income (loss) (in dollars per share)	-$0.14	-$0.14	-$0.06	$0.10
Diluted, net income (loss) from continuing operations (in dollars per share)	-$0.14	-$0.11	—	—
Diluted, net income (loss) (in dollars per share)	-$0.14	-$0.14	-$0.06	$0.10
Weighted average shares outstanding - Basic	156.9M	153.7M	153.2M	151.0M
Weighted average shares outstanding - Diluted	156.9M	153.7M	153.2M	156.2M
Net income (loss)	($22.7M)	($21.3M)	($9.0M)	$15.4M
Foreign currency translation gain (loss), net of tax	$4.9M	($3.4M)	$96.0K	$48.0K
Comprehensive income (loss)	($17.8M)	—	—	—

eXp World Holdings Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$1.4B	$1.0B	$1.3B	$1.3B
Commissions and other agent-related costs	$1.4B	$930.2M	$1.2B	$1.2B
Gross profit	$98.8M	$75.3M	—	—
General and administrative expenses	$71.6M	$64.2M	$62.3M	$74.1M
Technology and development expenses	$18.4M	$17.6M	$17.3M	$18.1M
Sales and marketing expenses	$2.8M	$2.3M	$2.5M	$2.9M
Litigation contingency	$4.3M	—	—	—
Total operating expenses	$97.2M	$84.1M	$1.3B	$1.3B
Operating income (loss)	$1.6M	($8.8M)	$4.0M	($2.4M)
Other (income) expense, net	($657.0K)	($268.0K)	($608.0K)	($760.0K)
Equity in (income) losses of unconsolidated affiliates	($8.0K)	$130.0K	$195.0K	$207.0K
Other (income) expense, net	($665.0K)	($138.0K)	($413.0K)	($553.0K)
Income (loss) before income tax expense	$2.3M	($8.7M)	$4.4M	($1.8M)
Income tax (benefit) expense	$5.0M	($3.6M)	$932.0K	$468.0K
Basic, net income (loss) (in dollars per share)	-$0.02	-$0.03	$0.02	-$0.01
Diluted, net income (loss) (in dollars per share)	-$0.02	-$0.03	$0.02	-$0.01
Weighted average shares outstanding - Basic	166.2M	162.0M	157.1M	156.1M
Weighted average shares outstanding - Diluted	166.2M	162.0M	160.8M	156.1M
Net income (loss)	($2.7M)	($5.1M)	$3.5M	($2.3M)
Foreign currency translation gain (loss), net of tax	($1.2M)	($1.9M)	($390.0K)	$2.7M
Comprehensive income (loss)	($3.9M)	($7.0M)	$3.1M	$448.0K

Balance sheet

eXp World Holdings Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$124.2M	$113.6M	$126.9M	$121.6M
Restricted cash	$57.2M	$55.0M	$44.0M	$37.8M
Accounts receivable, net of allowance for credit losses of $2,690 and $1,589, respectively	$108.8M	$87.7M	$86.0M	$87.3M
Prepaids and other assets	$14.6M	$11.7M	$9.6M	$8.5M
TOTAL CURRENT ASSETS	$304.9M	$268.0M	$266.5M	$255.1M
Property and equipment, net	$14.3M	$11.6M	—	—
Other noncurrent assets	$23.5M	$11.7M	$7.4M	$1.7M
Intangible assets, net	$4.4M	$6.5M	$10.5M	$8.7M
Deferred tax assets, net	$77.5M	$75.8M	$71.3M	$68.7M
Goodwill	$17.9M	$17.2M	$17.0M	$27.2M
TOTAL ASSETS	$442.5M	$390.7M	$385.7M	$381.7M
Accounts payable	$14.6M	$10.5M	$8.9M	$10.4M
Customer deposits	$57.2M	$55.7M	$44.5M	$37.8M
Accrued expenses	$108.2M	$85.7M	$88.2M	$78.9M
Litigation contingency	$17.0M	$34.0M	—	—
Other current liabilities	$2.7M	—	—	—
TOTAL CURRENT LIABILITIES	$199.7M	$185.9M	$141.6M	$127.3M
TOTAL LIABILITIES	$199.7M	$185.9M	$141.7M	$132.7M
Common Stock, $0.00001 par value 900,000,000 shares authorized; 207,785,762 issued and 161,049,979 outstanding at December 31, 2025; 195,028,207 issued and 154,133,385 outstanding at December 31, 2024	2.0K	2.0K	2.0K	2.0K
Additional paid-in capital	$1.1B	$962.8M	$804.8M	$611.9M
Treasury stock, at cost: 46,735,783 and 40,894,822 shares held December 31, 2025 and December 31, 2024, respectively	-742.9M	-686.7M	-545.6M	-385.0M
Accumulated earnings (deficit)	($121.6M)	($68.1M)	($16.8M)	$20.7M
Accumulated other comprehensive income (loss)	$1.8M	($3.1M)	$332.0K	$236.0K
TOTAL EQUITY	$242.8M	$204.9M	$242.8M	$247.8M
TOTAL LIABILITIES AND EQUITY	$442.5M	$390.7M	$385.7M	$381.7M

eXp World Holdings Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$111.2M	$122.1M	$112.8M	$94.6M
Restricted cash	$99.9M	$68.2M	$73.6M	$90.4M
Accounts receivable, net of allowance for credit losses of $2,687 and $2,690, respectively	$167.6M	$123.2M	$123.8M	$146.2M
Prepaids and other assets	$12.7M	$15.1M	$13.0M	$13.8M
TOTAL CURRENT ASSETS	$391.4M	$328.7M	$323.1M	$345.0M
Property and equipment, net	$14.4M	$15.1M	$14.1M	$13.4M
Other noncurrent assets	$23.2M	$23.1M	$22.6M	$22.1M
Intangible assets, net	$4.9M	$3.4M	$4.9M	$5.3M
Deferred tax assets, net	$78.4M	$79.2M	$76.4M	$77.6M
Goodwill	$26.9M	$17.6M	$17.6M	$17.9M
TOTAL ASSETS	$539.2M	$467.2M	$458.7M	$481.2M
Accounts payable	$11.2M	$13.5M	$9.8M	$11.3M
Customer deposits	$91.3M	$68.2M	$73.5M	$90.0M
Accrued expenses	$148.1M	$110.8M	$123.1M	$144.6M
Litigation contingency	$3.3M	$17.0M	$17.0M	$17.0M
Other current liabilities	$4.3M	$1.8M	$158.0K	$14.0K
TOTAL CURRENT LIABILITIES	$258.3M	$211.3M	$223.5M	$262.9M
TOTAL LIABILITIES	$258.3M	$211.3M	$223.5M	$262.9M
Common Stock, $0.00001 par value 900,000,000 shares authorized; 213,853,720 issued and 167,117,937 outstanding at June 30, 2026 and 207,785,762 issued and 161,049,979 outstanding at December 31, 2025	2.0K	2.0K	2.0K	2.0K
Additional paid-in capital	$1.2B	$1.1B	$1.1B	$1.0B
Treasury stock, at cost: 46,735,783 shares held at June 30, 2026 and December 31, 2025	-742.9M	-742.9M	-732.9M	-716.5M
Accumulated earnings (deficit)	($145.6M)	($134.7M)	($100.9M)	($96.7M)
Accumulated other comprehensive income (loss)	($1.2M)	($30.0K)	($414.0K)	($24.0K)
TOTAL EQUITY	$280.9M	$255.9M	$235.3M	$218.4M
TOTAL LIABILITIES AND EQUITY	$539.2M	$467.2M	$458.7M	$481.2M

Cash flow statement

eXp World Holdings Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	($22.7M)	($21.3M)	($9.0M)	$15.4M
Depreciation expense	$6.9M	$7.8M	$8.4M	$7.9M
Amortization expense - intangible assets	$2.7M	$2.5M	$2.5M	$1.9M
Allowance for credit losses on receivables/bad debt on receivables	$1.1M	($615.0K)	($1.7M)	$1.8M
Equity in loss of unconsolidated affiliates	$281.0K	$1.2M	$1.4M	$1.6M
Agent growth incentive stock-based compensation expense	$38.4M	$37.3M	$43.2M	$30.9M
Stock option compensation	$6.5M	$8.0M	$10.7M	$14.4M
Agent equity stock-based compensation expense	$98.1M	$111.3M	$135.2M	$164.1M
Deferred income taxes, net	($1.7M)	($6.5M)	($2.7M)	($15.8M)
Accounts receivable	($21.1M)	($1.7M)	$3.5M	$44.9M
Prepaids and other assets	($2.9M)	$3.0M	($1.3M)	$1.7M
Customer deposits	$1.5M	$11.1M	$6.8M	($31.0M)
Accounts payable	$4.1M	$1.7M	($1.5M)	$2.4M
Accrued expenses	$21.8M	($1.4M)	$8.4M	($32.2M)
Litigation contingency	($17.0M)	$34.0M	—	—
Other operating activities	$2.6M	$54.0K	$158.0K	$148.0K
NET CASH PROVIDED BY OPERATING ACTIVITIES	$118.6M	$191.5M	$209.1M	$210.5M
Purchases of property and equipment	($9.6M)	($6.5M)	($5.4M)	($12.1M)
Investments in unconsolidated affiliates	($13.2M)	($5.4M)	($5.9M)	($500.0K)
Capitalized software development costs in intangible assets	($657.0K)	($1.4M)	($2.6M)	—
NET CASH USED IN INVESTING ACTIVITIES	($23.5M)	($19.5M)	($13.5M)	($22.5M)
Repurchase of common stock	($56.2M)	($141.1M)	($160.6M)	($179.5M)
Proceeds from exercise of options	$434.0K	$2.0M	$5.0M	$612.0K
Dividends declared and paid	($30.8M)	($30.1M)	($28.5M)	($25.2M)
NET CASH USED IN FINANCING ACTIVITIES	($86.5M)	($170.4M)	($184.1M)	($204.5M)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	$4.3M	($3.0M)	($38.0K)	($87.0K)
Net change in cash, cash equivalents and restricted cash	$12.9M	($1.3M)	$11.5M	($16.5M)
Cash, cash equivalents and restricted cash, beginning balance	$168.6M	$169.9M	$159.4M	$175.9M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE	$181.5M	$168.6M	$170.9M	$159.4M
Cash paid for income taxes	$4.6M	$2.7M	$2.7M	$3.4M

eXp World Holdings Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income (loss)	($7.8M)	($5.1M)	($9.8M)	($13.3M)
Depreciation expense	$3.3M	$1.7M	$5.2M	$3.5M
Amortization expense - intangible assets	$1.2M	$643.0K	$2.0M	$1.3M
Loss on disposition of assets	$4.0K	—	—	—
Credit (benefit) losses on receivables/bad debt on receivables	($3.0K)	($151.0K)	$935.0K	$682.0K
Equity in loss of unconsolidated affiliates	$192.0K	$165.0K	$322.0K	$127.0K
Stock-based compensation	$66.2M	$29.1M	—	—
Deferred income taxes, net	($1.1M)	($1.7M)	($661.0K)	($1.8M)
Accounts receivable	($58.3M)	($14.0M)	($35.9M)	($58.0M)
Prepaids and other assets	$3.4M	($575.0K)	($1.3M)	($2.1M)
Customer deposits	$34.1M	$11.0M	$17.8M	$34.3M
Accounts payable	($3.5M)	($1.1M)	($698.0K)	$808.0K
Accrued expenses	$38.0M	$1.5M	$36.6M	$58.7M
Litigation contingency	($18.0M)	—	($17.0M)	($17.0M)
Other operating activities	$1.7M	($917.0K)	$104.0K	($40.0K)
NET CASH PROVIDED BY OPERATING ACTIVITIES	$59.3M	$20.6M	$104.8M	$75.9M
Purchases of property and equipment	($4.9M)	($2.5M)	($7.7M)	($5.4M)
Acquisitions, net of cash acquired	($8.0M)	—	—	—
Proceeds from sale of assets	$1.5M	—	—	—
Investments in unconsolidated affiliates	($16.0K)	$60.0K	($12.4M)	($11.7M)
Capitalized software development costs in intangible assets	$366.0K	$365.0K	($443.0K)	($183.0K)
NET CASH USED IN INVESTING ACTIVITIES	($11.1M)	($2.1M)	($20.5M)	($17.2M)
Proceeds from exercise of options	$26.0K	$21.0K	$432.0K	$376.0K
Dividends declared and paid	($16.1M)	($8.0M)	($23.0M)	($15.3M)
NET CASH USED IN FINANCING ACTIVITIES	($16.1M)	($7.9M)	($68.8M)	($44.8M)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	($2.6M)	($1.6M)	$2.2M	$2.4M
Net change in cash, cash equivalents and restricted cash	$29.6M	$8.9M	$17.8M	$16.3M
Cash, cash equivalents and restricted cash, beginning balance	$181.5M	$181.5M	$168.6M	$168.6M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE	$211.1M	$190.4M	$186.4M	$184.9M
Cash paid for income taxes	$2.4M	$1.4M	$3.5M	$2.0M
Property and equipment purchases in accounts payable	$40.0K	$177.0K	$84.0K	$161.0K

eXp World Holdings Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.