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Jun 30, 2021
eXp World Q2 2021 Earnings Report
Achieved record revenue and declared first cash dividend.
Key Takeaways
eXp World Holdings reported record second-quarter revenue of $1 billion, a 183% increase year-over-year, driven by an 87% growth in agent count. The company also declared its first cash dividend for Q3 2021 of $0.04 per share of common stock.
Revenue increased 183% to a record $1 billion.
Gross profit increased 133% to $79.9 million.
Net income increased 350% to $37.0 million, which included $20.6 million income tax provision benefit. Earnings per diluted share increased 300% to $0.24.
Agents and brokers on the eXp Realty platform increased 87% to 58,263.
Forward Guidance
eXp plans to launch more products and services that will improve engagement between agents and customers, such as SUCCESS® Lending, LLC, a new residential lending platform. eXp is committed to growing market share by continual innovation on the most agent-centric model on the planet.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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