eXp World (EXPI)
Market Price (2/3/2026): $9.0 | Market Cap: $1.4 BilSector: Real Estate | Industry: Real Estate Services
eXp World (EXPI)
Market Price (2/3/2026): $9.0Market Cap: $1.4 BilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldDividend Yield is 2.2%, FCF Yield is 7.7% | Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -113% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.3% |
| Low stock price volatilityVol 12M is 48% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.1% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Smart Buildings & Proptech. Themes include Software as a Service (SaaS), Platform as a Service (PaaS), Show more. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.3% | |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.7 | ||
| Key risksEXPI key risks include [1] challenges to the agent growth and retention that is critical to its unique revenue-sharing model and [2] regulatory and legal pressures that could force fundamental changes to its agent compensation structure. |
| Attractive yieldDividend Yield is 2.2%, FCF Yield is 7.7% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Smart Buildings & Proptech. Themes include Software as a Service (SaaS), Platform as a Service (PaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -113% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.3% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.1% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.3% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.7 |
| Key risksEXPI key risks include [1] challenges to the agent growth and retention that is critical to its unique revenue-sharing model and [2] regulatory and legal pressures that could force fundamental changes to its agent compensation structure. |
Qualitative Assessment
AI Analysis | Feedback
1. Challenged Real Estate Market Conditions.
eXp World Holdings operates within the real estate sector, which experienced headwinds from a "challenged" and "cold real estate market" through late 2025 and early 2026. The company's financial performance is closely tied to the overall health of the housing market, making it vulnerable to any market softness that could reduce transaction volumes and agent productivity. This broader market sentiment likely contributed to investor apprehension regarding EXPI's future revenue potential.
2. Underperforming Earnings and Negative Forecasts.
eXp World Holdings consistently missed consensus earnings per share (EPS) estimates in the quarters leading up to and during the analyzed period. For example, the Q3 2025 earnings reported on November 6, 2025, showed a reported EPS of $0.02 against a consensus of $0.08. Furthermore, the consensus EPS forecast for the fiscal quarter ending December 2025 (Q4 2025), which was anticipated to be reported in late February 2026, was negative at -$0.03. This pattern of missed expectations and anticipated negative earnings likely dampened investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The -12.6% change in EXPI stock from 10/31/2025 to 2/2/2026 was primarily driven by a -13.6% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.19 | 8.91 | -12.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,593 | 4,679 | 1.9% |
| P/S Multiple | 0.3 | 0.3 | -13.6% |
| Shares Outstanding (Mil) | 156 | 157 | -0.6% |
| Cumulative Contribution | -12.6% |
Market Drivers
10/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| EXPI | -12.6% | |
| Market (SPY) | 2.0% | 31.8% |
| Sector (XLRE) | 0.1% | 40.3% |
Fundamental Drivers
The -16.6% change in EXPI stock from 7/31/2025 to 2/2/2026 was primarily driven by a -17.6% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.68 | 8.91 | -16.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,593 | 4,679 | 1.9% |
| P/S Multiple | 0.4 | 0.3 | -17.6% |
| Shares Outstanding (Mil) | 156 | 157 | -0.6% |
| Cumulative Contribution | -16.6% |
Market Drivers
7/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| EXPI | -16.6% | |
| Market (SPY) | 10.3% | 40.1% |
| Sector (XLRE) | -0.3% | 42.5% |
Fundamental Drivers
The -20.1% change in EXPI stock from 1/31/2025 to 2/2/2026 was primarily driven by a -22.0% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.14 | 8.91 | -20.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,451 | 4,679 | 5.1% |
| P/S Multiple | 0.4 | 0.3 | -22.0% |
| Shares Outstanding (Mil) | 153 | 157 | -2.4% |
| Cumulative Contribution | -20.1% |
Market Drivers
1/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| EXPI | -20.1% | |
| Market (SPY) | 16.6% | 41.3% |
| Sector (XLRE) | 1.2% | 41.8% |
Fundamental Drivers
The -39.9% change in EXPI stock from 1/31/2023 to 2/2/2026 was primarily driven by a -37.0% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.82 | 8.91 | -39.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,742 | 4,679 | -1.3% |
| P/S Multiple | 0.5 | 0.3 | -37.0% |
| Shares Outstanding (Mil) | 152 | 157 | -3.4% |
| Cumulative Contribution | -39.9% |
Market Drivers
1/31/2023 to 2/2/2026| Return | Correlation | |
|---|---|---|
| EXPI | -39.9% | |
| Market (SPY) | 77.5% | 38.1% |
| Sector (XLRE) | 10.7% | 41.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EXPI Return | 7% | -67% | 42% | -25% | -20% | -0% | -69% |
| Peers Return | 84% | -70% | 21% | 17% | 79% | 11% | 54% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| EXPI Win Rate | 42% | 25% | 50% | 50% | 33% | 0% | |
| Peers Win Rate | 33% | 32% | 48% | 47% | 50% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| EXPI Max Drawdown | -26% | -69% | -2% | -40% | -35% | -0% | |
| Peers Max Drawdown | -25% | -73% | -32% | -43% | -22% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HOUS, COMP, REAX, FTHM, DOUG. See EXPI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/2/2026 (YTD)
How Low Can It Go
| Event | EXPI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -87.3% | -25.4% |
| % Gain to Breakeven | 689.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -40.2% | -33.9% |
| % Gain to Breakeven | 67.3% | 51.3% |
| Time to Breakeven | 78 days | 148 days |
| 2018 Correction | ||
| % Loss | -63.6% | -19.8% |
| % Gain to Breakeven | 175.0% | 24.7% |
| Time to Breakeven | 576 days | 120 days |
Compare to HOUS, COMP, REAX, FTHM, DOUG
In The Past
eXp World's stock fell -87.3% during the 2022 Inflation Shock from a high on 2/9/2021. A -87.3% loss requires a 689.1% gain to breakeven.
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About eXp World (EXPI)
AI Analysis | Feedback
Here are 1-3 brief analogies to describe eXp World (EXPI):
- It's like Keller Williams or RE/MAX, but entirely virtual and cloud-based.
- It's like a virtual franchise model for real estate agents, where agents earn company stock and a share of the revenue.
- It's like the Netflix of real estate brokerages, disrupting the industry by operating entirely in the cloud.
AI Analysis | Feedback
- Real Estate Brokerage Services: eXp Realty provides a cloud-based platform for real estate agents to conduct residential and commercial transactions, offering tools, training, and support within a virtual environment.
- Virtual Collaboration and Event Platform Services: Virbela offers an immersive 3D virtual world used for remote work, education, conferences, and social events, enabling global collaboration.
- Personal and Professional Development Media & Events: SUCCESS Enterprises delivers content, coaching, and live events focused on entrepreneurship, personal growth, and professional development.
AI Analysis | Feedback
eXp World Holdings (symbol: EXPI) primarily sells its services to **individual real estate agents** rather than to other companies. Its business model revolves around attracting, supporting, and empowering real estate professionals.
Therefore, it does not have "major customer companies" in the traditional sense. Instead, its "customers" are the licensed real estate agents who choose to affiliate with eXp Realty. Here are up to three categories of these customers:
- Individual Real Estate Agents: These are licensed real estate professionals who join eXp Realty to conduct their real estate sales business. They utilize eXp's cloud-based technology, training, lead generation tools, and administrative support services.
- Real Estate Teams: Many agents operate within teams. eXp provides frameworks and incentives for real estate teams, from small partnerships to larger groups, to join its platform. Both team leaders and individual team members are integral parts of eXp's customer base, seeking collaborative tools and growth opportunities.
- Entrepreneurial Real Estate Professionals (Building a Business): eXp's unique revenue share and agent ownership programs attract agents and brokers who are not only focused on active sales but also on building a long-term business and wealth through agent attraction and equity participation. These individuals leverage eXp's model as a platform for entrepreneurial growth and passive income generation.
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- Amazon (Symbol: AMZN)
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Glenn Sanford, Founder, Chairman and CEO
Glenn Sanford founded eXp World Holdings in October 2009 and has served as CEO since its inception. Prior to eXp, Sanford founded eShippers.com, an online e-commerce and logistics company in 1998. He also launched BuyerTours Realty, LLC in 2007. Sanford worked at an executive level with several technology-related companies in the late 1990s. He was a top-performing agent at Keller Williams and consulted to Keller Williams International on online client acquisition, conversion, and technology.
Jesse Hill, Chief Financial Officer
Jesse Hill was appointed Chief Financial Officer of eXp World Holdings in July 2025, after serving as Interim CFO and principal financial officer since April 2025. He oversees global financial strategy, operations, and infrastructure. Prior to joining eXp in 2019, Hill held financial positions at The Walt Disney Company, Nissan Motor Corporation, and General Motors. He has held several strategic finance leadership roles within eXp, including Senior Director of Finance for eXp Global and Corporate FP&A, Director of Finance at Virbela/FRAME, and Finance Manager.
Leo Pareja, CEO, eXp Realty
Leo Pareja became CEO of eXp Realty in April 2024. He entered the real estate industry at 19 and was recognized as a top agent, including being the #1 Keller Williams Agent in the world by age 28. Pareja co-founded Washington Capital Partners in 2012, one of the largest private lending companies on the east coast, which has originated over a billion dollars in loans. In 2016, he co-founded and scaled Remine, an MLS vendor technology that grew to serve over 65 MLS & Association customers. He has experience building companies that deliver meaningful technology, including two exits.
Randall Miles, Vice Chairman
Randall Miles has served as an independent director of eXp World Holdings since July 2016 and was appointed Vice-Chairman in January 2018. He has over 25 years of senior leadership experience in global financial services, financial technology, and investment banking. Miles' experience includes leadership roles at public and private equity-backed financial technology, specialty finance, and software companies, where he served as Chairman and CEO at LIONMTS, CEO at Syngence Corporation, COO of AtlasBanc Holdings Corp., and CEO of Advantage Funding/NAFCO Holdings, which grew to over $1 billion. He is currently Managing Partner at SCM Capital Group, a global strategic and capital structure advisory firm.
Alex Howland, Ph.D., President, eXp World Technologies
Alex Howland is the President of eXp World Technologies. He co-founded Virbela in 2012, a virtual world platform for work, learning, and events. eXp World Holdings acquired Virbela's core products and services in November 2018. Howland leads the development of Virbela's products and services to expand offerings for collaboration in virtual environments. He holds a Ph.D. in organizational psychology.
AI Analysis | Feedback
The key risks to eXp World (EXPI) include:
- Macroeconomic Headwinds and Real Estate Market Volatility: eXp World's business model is highly sensitive to the overall health of the real estate market. Factors such as high interest rates and economic downturns can significantly reduce homebuyer demand and transaction volumes, directly impacting the company's commission-based revenue model.
- Agent Growth and Retention Amidst Intense Competition: The company's unique virtual brokerage model relies heavily on its ability to attract and retain real estate agents. eXp faces significant competition from both traditional and other tech-based brokerages, making agent retention and continued growth a critical challenge for its revenue-sharing model.
- Regulatory and Legal Challenges: The real estate industry is experiencing evolving regulatory landscapes, particularly concerning agent compensation practices, as evidenced by significant antitrust litigation settlements. Changes in these regulations could necessitate modifications to eXp's business model and agent compensation plans, potentially impacting its financial condition and operations.
AI Analysis | Feedback
The most significant clear emerging threat to eXp World (EXPI) stems from the ongoing legal challenges and recent settlements regarding real estate agent commissions, particularly the National Association of Realtors (NAR) class-action lawsuits (such as Moehrl and Sitzer/Burnett) and the subsequent nationwide settlement announced in March 2024. These developments are poised to fundamentally alter how real estate commissions, especially those for buyer's agents, are paid and negotiated. The anticipated changes, which include eliminating mandatory offer of buyer agent compensation on the MLS and requiring buyers to directly negotiate and pay their agents, could lead to a significant reduction in overall agent commissions, increased pressure on agent earnings, and potentially higher agent attrition across the industry. Given EXPI's agent-centric model, which relies heavily on attracting and retaining agents through its attractive commission splits and revenue share program, a substantial disruption to agent compensation directly threatens its growth trajectory and the sustainability of its core business model.
AI Analysis | Feedback
eXp World Holdings, Inc. (EXPI) operates primarily in the real estate brokerage sector, augmented by its immersive technology platform, Virbela, and professional development resources through SUCCESS Enterprises, as well as affiliated services such as mortgage, title, escrow, and settlement. The addressable markets for its main products and services are as follows:
Real Estate Brokerage (eXp Realty)
eXp Realty, the core subsidiary and primary revenue generator for eXp World Holdings, operates a cloud-based real estate brokerage across more than 24 countries, including the United States, Canada, the United Kingdom, Australia, and parts of Europe, Asia, and Latin America. In 2022, eXp was the largest brokerage by closed transaction sides in the United States. The company's sales volume for the third quarter of 2025 was $54.1 billion.
- Global Real Estate Brokerage Market: The global real estate brokerage market size was valued at approximately USD 339.69 billion in 2023 and is projected to reach USD 571.55 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.7%.
- U.S. Real Estate Brokerage Market: The U.S. real estate brokerage market size is a significant portion of the global market. The total value of residential real estate in the U.S. alone was approximately $47 trillion in 2023.
Immersive Technology Platform (Virbela)
Virbela is an immersive technology platform offering 3D virtual reality environments for business, events, and education. It facilitates remote work, large-scale virtual events, and online educational programs.
- Global Virtual Events Market: The global virtual events market size was valued at USD 114.18 billion in 2023 and is expected to reach USD 1,178.60 billion by 2033, growing at a CAGR of 26.24%.
- Global Metaverse Market (Business and Education focus): The global metaverse market size, which includes virtual environments for work and learning, was estimated at USD 65.5 billion in 2023 and is projected to grow to USD 936.5 billion by 2030, exhibiting a CAGR of 45.2%.
Other Affiliated Services (Mortgage, Title, Escrow, and Settlement Services)
eXp World Holdings also provides a range of services including mortgage origination, title, escrow, and settlement services, which are integral to real estate transactions.
- U.S. Mortgage Origination Market: The U.S. mortgage origination market size was valued at USD 2.5 trillion in 2023.
- U.S. Title and Escrow Services Market: The U.S. title insurance and settlement services market size was valued at approximately USD 24.3 billion in 2023.
Due to limited specific information, the addressable market size for SUCCESS Enterprises (professional development resources) could not be definitively isolated from the provided search results. Therefore, the market size for this product is null.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for eXp World (EXPI) over the next 2-3 years:- Agent Growth, Productivity, and Retention: eXp World Holdings consistently emphasizes that continued momentum in agent growth, productivity, and retention is a primary driver of higher revenue. The company aims to attract and retain highly productive agents within its platform, with an increase in transactions per agent indicating success in this area.
- International Expansion: Expanding its global footprint is a significant growth strategy for eXp World Holdings. The company has articulated a goal to reach 50,000 international agents by 2030 through a steady pace of new country launches and agent onboarding. Recent announcements include plans to expand into markets such as Türkiye, Peru, and Egypt.
- Technological Innovation and AI Integration: eXp World Holdings is focused on leveraging technology, particularly artificial intelligence (AI), to enhance its real estate platform and improve agent efficiency and productivity. Strategic investments in AI-driven initiatives and the launch of tools like an AI business assistant are expected to drive future performance.
- Growth of Affiliated Services: Beyond its core real estate brokerage, eXp World Holdings includes entities like SUCCESS® Enterprises and FrameVR.io. The company has a stated goal to grow the SUCCESS Plus community to 50,000 members, which represents a potential revenue stream with solid gross margins. These platforms provide coaching, training programs, and a metaverse environment, contributing to the overall value proposition for agents.
AI Analysis | Feedback
```html[1] Share Repurchases
- eXp World Holdings actively engaged in share repurchases, with notable quarterly amounts. In Q3 2025, the company repurchased $16.4 million of common stock, contributing to a total of $24.1 million distributed to shareholders, including dividends.
- For the full year 2025 to date (as of Q3 2025), eXp World Holdings repurchased 4.91 million shares to help offset equity dilution.
- The company amended its share repurchase plan on March 12, 2025, extending it through December 31, 2025, and authorized an additional $10 million for repurchases in November 2025.
[2] Share Issuance
- The diluted number of shares outstanding was 156.092 million for the period ending June 30, 2025, representing a 0.06% increase from the prior year.
- As of September 30, 2025, shares outstanding were 158,836,724.
- The 3-Year Share Buyback Ratio as of June 2025 was -1.20%, suggesting a net issuance or minimal impact from repurchases on the overall shares outstanding.
[4] Outbound Investments
- eXp World Holdings acquired Zoocasa Realty Inc. and Zoocasa.com in June 2022 to enhance its online lead generation, home search, and listings portal solutions in Canada.
- The company acquired Broker's LLC on May 2, 2024.
- In December 2020, eXp World Holdings completed the acquisition of SUCCESS Enterprises and its related media properties, including SUCCESS.com, to develop a personal development platform for entrepreneurs and sales professionals.
[5] Capital Expenditures
- Capital expenditures for Q2 2025 were $2.8 million, showing a 9.60% increase from $2.6 million in Q1 2025.
- For the fiscal year 2024, capital expenditures totaled $6.5 million, which was a 20.88% increase from the previous year.
- The primary focus of these capital expenditures is on strategic investments aimed at streamlining operations.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| eXp World Earnings Notes | 12/16/2025 | |
| Would You Still Hold eXp World Stock If It Fell Another 30%? | 10/17/2025 | |
| eXp World (EXPI) Operating Cash Flow Comparison | 08/08/2025 | |
| eXp World (EXPI) EBITDA Comparison | 08/08/2025 | |
| eXp World (EXPI) Debt Comparison | 08/08/2025 | |
| eXp World (EXPI) Net Income Comparison | 08/08/2025 | |
| eXp World (EXPI) Revenue Comparison | 08/08/2025 | |
| eXp World (EXPI) Tax Expense Comparison | 08/08/2025 | |
| eXp World (EXPI) Operating Income Comparison | 08/08/2025 | |
| EXPI Dip Buy Analysis | 07/10/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 3.40 |
| Mkt Cap | 0.7 |
| Rev LTM | 1,814 |
| Op Inc LTM | -15 |
| FCF LTM | 66 |
| FCF 3Y Avg | 33 |
| CFO LTM | 70 |
| CFO 3Y Avg | 43 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 24.3% |
| Rev Chg 3Y Avg | 1.9% |
| Rev Chg Q | 23.6% |
| QoQ Delta Rev Chg LTM | 5.6% |
| Op Mgn LTM | -0.6% |
| Op Mgn 3Y Avg | -3.9% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 2.5% |
| CFO/Rev 3Y Avg | 0.6% |
| FCF/Rev LTM | 2.3% |
| FCF/Rev 3Y Avg | 0.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.7 |
| P/S | 0.3 |
| P/EBIT | -67.2 |
| P/E | -70.6 |
| P/CFO | 10.7 |
| Total Yield | -1.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -0.9% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 16.1% |
| 3M Rtn | -7.9% |
| 6M Rtn | -7.8% |
| 12M Rtn | -16.4% |
| 3Y Rtn | -42.9% |
| 1M Excs Rtn | 4.0% |
| 3M Excs Rtn | -4.3% |
| 6M Excs Rtn | -16.4% |
| 12M Excs Rtn | -29.3% |
| 3Y Excs Rtn | -110.5% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| North American Realty | 4,220 | 4,553 | |||
| International Realty | 54 | 36 | |||
| Other Affiliated Services | 5 | 5 | |||
| Segment eliminations | -5 | -4 | |||
| Virbela | 8 | ||||
| Single Segment | 3,771 | 1,798 | 980 | ||
| Total | 4,274 | 4,598 | 3,771 | 1,798 | 980 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| North American Realty | 91 | 103 | |||
| Impairment expense | 0 | 0 | |||
| Litigation contingency | 0 | ||||
| Other Affiliated Services | -4 | -3 | |||
| Corporate expenses and other | -8 | -10 | |||
| Stock option expense | -11 | -14 | |||
| Depreciation and amortization expense | -11 | -17 | |||
| International Realty | -14 | -14 | |||
| Stock compensation expense | -43 | -31 | |||
| Virbela | -10 | ||||
| Total | 1 | 5 |
Price Behavior
| Market Price | $8.91 | |
| Market Cap ($ Bil) | 1.4 | |
| First Trading Date | 11/19/2013 | |
| Distance from 52W High | -24.5% | |
| 50 Days | 200 Days | |
| DMA Price | $9.94 | $9.87 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -10.3% | -9.7% |
| 3M | 1YR | |
| Volatility | 43.4% | 47.8% |
| Downside Capture | 186.78 | 156.38 |
| Upside Capture | 104.15 | 109.53 |
| Correlation (SPY) | 32.4% | 41.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.55 | 1.10 | 1.25 | 1.35 | 1.03 | 1.36 |
| Up Beta | 1.68 | 1.52 | 1.32 | 2.83 | 0.86 | 1.20 |
| Down Beta | 2.46 | 1.01 | 0.69 | 0.91 | 0.84 | 0.99 |
| Up Capture | 63% | -17% | 101% | 83% | 119% | 274% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 18 | 26 | 60 | 124 | 360 |
| Down Capture | 92% | 228% | 175% | 126% | 129% | 111% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 22 | 34 | 63 | 125 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EXPI | |
|---|---|---|---|---|
| EXPI | -21.0% | 47.8% | -0.34 | - |
| Sector ETF (XLRE) | 1.0% | 16.3% | -0.12 | 41.8% |
| Equity (SPY) | 16.0% | 19.2% | 0.64 | 41.4% |
| Gold (GLD) | 66.9% | 23.7% | 2.11 | -2.9% |
| Commodities (DBC) | 7.0% | 16.3% | 0.23 | 10.6% |
| Real Estate (VNQ) | 2.9% | 16.5% | -0.00 | 45.2% |
| Bitcoin (BTCUSD) | -19.7% | 39.9% | -0.46 | 28.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EXPI | |
|---|---|---|---|---|
| EXPI | -30.5% | 67.5% | -0.26 | - |
| Sector ETF (XLRE) | 5.0% | 19.0% | 0.17 | 39.0% |
| Equity (SPY) | 14.1% | 17.1% | 0.66 | 46.0% |
| Gold (GLD) | 19.9% | 16.6% | 0.97 | 9.0% |
| Commodities (DBC) | 11.4% | 18.9% | 0.49 | 10.0% |
| Real Estate (VNQ) | 4.5% | 18.8% | 0.15 | 43.2% |
| Bitcoin (BTCUSD) | 20.9% | 57.6% | 0.56 | 30.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EXPI | |
|---|---|---|---|---|
| EXPI | -1.6% | 68.4% | 0.27 | - |
| Sector ETF (XLRE) | 6.8% | 20.5% | 0.29 | 35.0% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 42.5% |
| Gold (GLD) | 15.0% | 15.3% | 0.81 | 8.3% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 13.4% |
| Real Estate (VNQ) | 5.8% | 20.8% | 0.25 | 37.9% |
| Bitcoin (BTCUSD) | 71.1% | 66.4% | 1.10 | 20.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 11.3% | 12.9% | 8.0% |
| 7/31/2025 | -12.6% | -5.0% | 0.9% |
| 5/6/2025 | -14.0% | -8.3% | 1.1% |
| 2/20/2025 | -9.5% | -10.0% | -11.7% |
| 11/7/2024 | -5.1% | -8.2% | -11.7% |
| 7/31/2024 | -10.6% | -17.7% | -14.3% |
| 2/22/2024 | -1.6% | 18.2% | -11.6% |
| 11/2/2023 | 1.7% | -13.7% | -5.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 8 |
| # Negative | 12 | 12 | 11 |
| Median Positive | 12.9% | 13.1% | 4.9% |
| Median Negative | -4.7% | -9.6% | -13.2% |
| Max Positive | 36.0% | 45.4% | 96.7% |
| Max Negative | -14.0% | -37.2% | -33.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Miles, Randall D | Direct | Sell | 12022025 | 11.20 | 10,000 | 112,019 | 5,457,454 | Form | |
| 2 | Sanford, Penny | by Trust | Sell | 11262025 | 12.04 | 117,179 | 1,411,152 | 321,914,787 | Form | |
| 3 | Miles, Randall D | Direct | Sell | 11042025 | 10.02 | 10,000 | 100,216 | 4,982,639 | Form | |
| 4 | Miles, Randall D | Direct | Sell | 10012025 | 10.47 | 10,000 | 104,651 | 5,307,794 | Form | |
| 5 | Miles, Randall D | Direct | Sell | 9112025 | 11.04 | 10,000 | 110,390 | 5,709,260 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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