What is Exp World Holdin's earnings per share (EPS)?

Exp World Holdin (EXPI) reported diluted earnings per share of $-0.14 for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Exp World Holdin Financials

EXPI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Exp World Holdin (EXPI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 34/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Exp World Holdin has an operating margin of -0.4%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is up from -0.4% the prior year.

Growth

Exp World Holdin's revenue grew a modest 4.5% year-over-year to $4.8B. This slow but positive growth earns a score of 41/100.

Leverage

Exp World Holdin carries a low D/E ratio of 0.82, meaning only $0.82 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Exp World Holdin's current ratio of 1.53 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.

Cash Flow

Exp World Holdin has a free cash flow margin of 2.3%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Exp World Holdin generates a -9.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -10.4% the prior year.

Piotroski F-Score Neutral

4/9

Exp World Holdin passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-5.22x

For every $1 of reported earnings, Exp World Holdin generates $-5.22 in operating cash flow ($118.6M OCF vs -$22.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.8B

YoY+4.5%

5Y CAGR+21.6%

10Y CAGR+70.9%

Exp World Holdin generated $4.8B in revenue in fiscal year 2025. This represents an increase of 4.5% from the prior year.

EBITDA

-$14.6M

YoY-30.8%

Exp World Holdin's EBITDA was -$14.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.8% from the prior year.

Net Income

-$22.7M

YoY-6.8%

Exp World Holdin reported -$22.7M in net income in fiscal year 2025. This represents a decrease of 6.8% from the prior year.

EPS (Diluted)

$-0.14

YoY+0.0%

Exp World Holdin earned $-0.14 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$109.0M

YoY-41.1%

5Y CAGR-0.7%

10Y CAGR+81.0%

Exp World Holdin generated $109.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 41.1% from the prior year.

Cash & Debt

$124.2M

YoY+9.4%

5Y CAGR+4.4%

10Y CAGR+71.3%

Exp World Holdin held $124.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.05

YoY+0.0%

Exp World Holdin paid $0.05 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

161M

YoY+4.5%

5Y CAGR+2.2%

10Y CAGR+12.4%

Exp World Holdin had 161M shares outstanding in fiscal year 2025. This represents an increase of 4.5% from the prior year.

Margins & Returns

Gross Margin

7.0%

YoY-0.5pp

10Y CAGR-7.9pp

Exp World Holdin's gross margin was 7.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.

Operating Margin

-0.4%

YoY-0.0pp

5Y CAGR-2.2pp

10Y CAGR+7.8pp

Exp World Holdin's operating margin was -0.4% in fiscal year 2025, reflecting core business profitability. This is down 0.0 percentage points from the prior year.

Net Margin

-0.5%

YoY-0.0pp

5Y CAGR-2.2pp

10Y CAGR+8.2pp

Exp World Holdin's net profit margin was -0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.

Return on Equity

-9.4%

YoY+1.0pp

5Y CAGR-31.4pp

10Y CAGR+307.4pp

Exp World Holdin's ROE was -9.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$69.6M

YoY+19.7%

Exp World Holdin invested $69.6M in research and development in fiscal year 2025. This represents an increase of 19.7% from the prior year.

Share Buybacks

$56.2M

YoY-60.2%

5Y CAGR+13.9%

10Y CAGR+166.3%

Exp World Holdin spent $56.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 60.2% from the prior year.

Capital Expenditures

$9.6M

YoY+47.6%

5Y CAGR+8.3%

10Y CAGR+66.9%

Exp World Holdin invested $9.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 47.6% from the prior year.

EXPI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.8B+4.5%	$4.6B+6.9%	$4.3B-6.9%	$4.6B+21.7%	$3.8B+109.7%	$1.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$333.6M-2.6%	$342.4M+7.0%	$319.9M	N/A	N/A	N/A
R&D Expenses	$69.6M+19.7%	$58.2M-2.3%	$59.5M+9.9%	$54.2M	N/A	N/A
SG&A Expenses	$274.9M+8.9%	$252.4M+1.8%	$247.8M-10.0%	$275.4M+10.3%	$249.7M+103.3%	$122.8M
Operating Income	-$21.5M-13.0%	-$19.0M-3738.7%	$522K-96.8%	$16.4M-52.1%	$34.2M+8.1%	$31.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.5M+131.6%	$1.1M+6793.8%	-$16K+99.8%	-$8.2M+82.7%	-$47.5M-11598.1%	$413K
Net Income	-$22.7M-6.8%	-$21.3M-137.0%	-$9.0M-158.1%	$15.4M-81.0%	$81.2M+160.9%	$31.1M
EPS (Diluted)	$-0.140.0%	$-0.14-133.3%	$-0.06-160.0%	$0.10-80.4%	$0.51+142.9%	$0.21

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.2B-9.5%	$1.3B+0.6%	$1.3B+37.1%	$954.9M-13.0%	$1.1B-10.8%	$1.2B-4.9%	$1.3B+37.3%	$943.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$911K+0.1%	$910K	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	$1.2B-4.9%	$1.3B	N/A
R&D Expenses	$17.4M+0.6%	$17.3M-4.3%	$18.1M+7.7%	$16.8M+13.8%	$14.8M+7.0%	$13.8M-7.0%	$14.8M+0.6%	$14.8M
SG&A Expenses	$71.6M+14.8%	$62.3M-15.8%	$74.1M+10.8%	$66.9M-0.5%	$67.2M+9.5%	$61.4M+0.4%	$61.2M-2.3%	$62.6M
Operating Income	-$12.7M-417.0%	$4.0M+269.0%	-$2.4M+77.1%	-$10.4M+5.9%	-$11.0M-32.3%	-$8.3M-145.0%	$18.5M+202.0%	-$18.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$591K-163.4%	$932K+99.1%	$468K-72.0%	$1.7M+168.6%	-$2.4M-82.8%	-$1.3M-116.4%	$8.1M+346.5%	-$3.3M
Net Income	-$12.9M-468.8%	$3.5M+252.6%	-$2.3M+79.2%	-$11.0M-16.0%	-$9.5M-11.7%	-$8.5M-168.7%	$12.4M+179.2%	-$15.6M
EPS (Diluted)	N/A	$0.02+300.0%	$-0.01+85.7%	$-0.07	N/A	$-0.06-175.0%	$0.08+180.0%	$-0.10

EXPI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$442.5M+13.2%	$390.7M+1.3%	$385.7M+1.0%	$381.7M-7.8%	$413.8M+70.9%	$242.2M
Current Assets	$304.9M+13.8%	$268.0M+0.6%	$266.5M+4.5%	$255.1M-20.1%	$319.3M+50.5%	$212.2M
Cash & Equivalents	$124.2M+9.4%	$113.6M-9.7%	$125.9M+3.5%	$121.6M+12.3%	$108.2M+8.1%	$100.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$108.8M+24.1%	$87.7M+2.8%	$85.3M-2.2%	$87.3M-34.6%	$133.5M+73.5%	$77.0M
Goodwill	$17.9M+3.8%	$17.2M+1.4%	$17.0M-37.6%	$27.2M+110.2%	$12.9M0.0%	$12.9M
Total Liabilities	$199.7M+7.5%	$185.9M+31.2%	$141.7M+6.8%	$132.7M-30.3%	$190.3M+91.1%	$99.6M
Current Liabilities	$199.7M+7.5%	$185.9M+31.2%	$141.7M+11.3%	$127.3M-31.9%	$186.8M+93.3%	$96.7M
Long-Term Debt	N/A	N/A	$20K-99.6%	$4.7M+73.1%	$2.7M-5.6%	$2.9M
Total Equity	$242.8M+18.5%	$204.9M-15.6%	$242.8M-2.0%	$247.8M+11.5%	$222.2M+56.9%	$141.6M
Retained Earnings	-$121.6M-78.5%	-$68.1M-306.3%	-$16.8M-180.9%	$20.7M-32.1%	$30.5M+177.9%	-$39.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$442.5M-3.5%	$458.7M-4.7%	$481.2M+10.4%	$435.8M+11.5%	$390.7M-9.7%	$432.6M-5.4%	$457.4M+7.2%	$426.7M
Current Assets	$304.9M-5.7%	$323.1M-6.3%	$345.0M+14.6%	$300.9M+12.3%	$268.0M-13.4%	$309.6M-7.7%	$335.6M+11.7%	$300.4M
Cash & Equivalents	$124.2M+10.2%	$112.8M+19.3%	$94.6M-18.2%	$115.7M+1.8%	$113.6M-12.9%	$130.4M+20.3%	$108.4M-0.7%	$109.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$108.8M-12.1%	$123.8M-15.3%	$146.2M+40.5%	$104.0M+18.6%	$87.7M-16.6%	$105.1M-21.5%	$133.9M+27.1%	$105.3M
Goodwill	$17.9M+1.3%	$17.6M-1.3%	$17.9M+3.6%	$17.3M+0.2%	$17.2M-13.3%	$19.9M+1.0%	$19.7M+17.9%	$16.7M
Total Liabilities	$199.7M-10.6%	$223.5M-15.0%	$262.9M+17.5%	$223.8M+20.4%	$185.9M-16.1%	$221.5M-6.6%	$237.1M+16.1%	$204.3M
Current Liabilities	$199.7M-10.6%	$223.5M-15.0%	$262.9M+17.5%	$223.8M+20.4%	$185.9M-16.1%	$221.5M-6.6%	$237.1M+16.1%	$204.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$20K
Total Equity	$242.8M+3.2%	$235.3M+7.7%	$218.4M+3.0%	$212.0M+3.5%	$204.9M-3.0%	$211.1M-4.2%	$220.3M-0.9%	$222.4M
Retained Earnings	-$121.6M-20.5%	-$100.9M-4.4%	-$96.7M-11.5%	-$86.8M-27.3%	-$68.1M-33.3%	-$51.1M-45.6%	-$35.1M+12.2%	-$40.0M

EXPI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$118.6M-38.1%	$191.5M-8.4%	$209.1M-0.7%	$210.5M-14.7%	$246.9M+106.3%	$119.7M
Capital Expenditures	$9.6M+47.6%	$6.5M+20.9%	$5.4M-55.5%	$12.1M-10.2%	$13.4M+108.6%	$6.4M
Free Cash Flow	$109.0M-41.1%	$185.0M-9.2%	$203.8M+2.7%	$198.5M-15.0%	$233.5M+106.2%	$113.2M
Investing Cash Flow	-$23.5M-20.6%	-$19.5M-44.2%	-$13.5M+39.9%	-$22.5M-18.7%	-$18.9M-11.6%	-$17.0M
Financing Cash Flow	-$86.5M+49.2%	-$170.4M+7.4%	-$184.1M+10.0%	-$204.5M-13.7%	-$179.9M-721.8%	-$21.9M
Dividends Paid	$30.8M+2.2%	$30.1M+5.5%	$28.5M+13.0%	$25.2M+118.5%	$11.5M	N/A
Share Buybacks	$56.2M-60.2%	$141.1M-12.1%	$160.6M-10.5%	$179.5M+4.3%	$172.0M+485.7%	$29.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$13.8M-52.3%	$28.9M-19.9%	$36.1M-9.4%	$39.8M+190.5%	$13.7M-70.2%	$46.0M-35.3%	$71.1M+17.3%	$60.7M
Capital Expenditures	$1.9M-19.4%	$2.3M-16.5%	$2.8M+9.6%	$2.6M+23.0%	$2.1M+26.8%	$1.6M+12.9%	$1.4M+9.5%	$1.3M
Free Cash Flow	$11.9M-55.1%	$26.6M-20.2%	$33.3M-10.7%	$37.3M+220.3%	$11.6M-73.8%	$44.4M-36.3%	$69.7M+17.5%	$59.3M
Investing Cash Flow	-$3.0M+9.3%	-$3.3M-11.0%	-$3.0M+79.2%	-$14.2M-118.8%	-$6.5M-151.4%	-$2.6M+49.5%	-$5.1M+2.3%	-$5.2M
Financing Cash Flow	-$17.8M+26.0%	-$24.0M+26.1%	-$32.5M-164.4%	-$12.3M+61.6%	-$32.0M+23.6%	-$41.9M+24.7%	-$55.6M-36.4%	-$40.8M
Dividends Paid	$7.8M+1.2%	$7.7M+0.4%	$7.7M+0.9%	$7.6M+0.9%	$7.5M+0.6%	$7.5M0.0%	$7.5M-1.3%	$7.6M
Share Buybacks	$10.0M-39.0%	$16.4M-34.3%	$24.9M+399.5%	$5.0M-79.9%	$24.8M-29.1%	$35.0M-27.4%	$48.2M+46.0%	$33.0M

EXPI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	7.0%-0.5pp	7.5%+0.0pp	7.5%	N/A	N/A	N/A
Operating Margin	-0.4%-0.0pp	-0.4%-0.4pp	0.0%-0.4pp	0.4%-0.6pp	0.9%-0.9pp	1.8%
Net Margin	-0.5%0.0pp	-0.5%-0.3pp	-0.2%-0.5pp	0.3%-1.8pp	2.1%+0.4pp	1.7%
Return on Equity	-9.4%+1.0pp	-10.4%-6.7pp	-3.7%-9.9pp	6.2%-30.3pp	36.6%+14.6pp	22.0%
Return on Assets	-5.1%+0.3pp	-5.4%-3.1pp	-2.3%-6.4pp	4.0%-15.6pp	19.6%+6.8pp	12.8%
Current Ratio	1.53+0.1	1.44-0.4	1.88-0.1	2.00+0.3	1.71-0.5	2.20
Debt-to-Equity	0.82-0.1	0.91+0.9	0.00-0.0	0.020.0	0.010.0	0.02
FCF Margin	2.3%-1.8pp	4.0%-0.7pp	4.8%+0.4pp	4.3%-1.9pp	6.2%-0.1pp	6.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	99.9%0.0pp	99.9%	N/A
Operating Margin	-1.1%-1.4pp	0.3%+0.5pp	-0.2%+0.9pp	-1.1%-0.1pp	-1.0%-0.3pp	-0.7%-2.1pp	1.4%+3.4pp	-1.9%
Net Margin	-1.1%-1.4pp	0.3%+0.5pp	-0.2%+1.0pp	-1.1%-0.3pp	-0.9%-0.2pp	-0.7%-1.7pp	1.0%+2.6pp	-1.7%
Return on Equity	-5.3%-6.8pp	1.5%+2.5pp	-1.1%+4.1pp	-5.2%-0.6pp	-4.6%-0.6pp	-4.0%-9.7pp	5.6%+12.7pp	-7.0%
Return on Assets	-2.9%-3.7pp	0.8%+1.2pp	-0.5%+2.1pp	-2.5%-0.1pp	-2.4%-0.5pp	-2.0%-4.7pp	2.7%+6.4pp	-3.7%
Current Ratio	1.53+0.1	1.45+0.1	1.31-0.0	1.34-0.1	1.44+0.0	1.40-0.0	1.42-0.1	1.47
Debt-to-Equity	0.82-0.1	0.95-0.3	1.20+0.1	1.06+0.1	0.91-0.1	1.05-0.0	1.08+1.1	0.00
FCF Margin	1.0%-1.0pp	2.0%-0.5pp	2.5%-1.4pp	3.9%+2.8pp	1.1%-2.5pp	3.6%-1.8pp	5.4%-0.9pp	6.3%

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Frequently Asked Questions

What is Exp World Holdin's annual revenue?

Exp World Holdin (EXPI) reported $4.8B in total revenue for fiscal year 2025. This represents a 4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Exp World Holdin's revenue growing?

Exp World Holdin (EXPI) revenue grew by 4.5% year-over-year, from $4.6B to $4.8B in fiscal year 2025.

Is Exp World Holdin profitable?

No, Exp World Holdin (EXPI) reported a net income of -$22.7M in fiscal year 2025, with a net profit margin of -0.5%.

What is Exp World Holdin's EBITDA?

Exp World Holdin (EXPI) had EBITDA of -$14.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Exp World Holdin's gross margin?

Exp World Holdin (EXPI) had a gross margin of 7.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Exp World Holdin's operating margin?

Exp World Holdin (EXPI) had an operating margin of -0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Exp World Holdin's net profit margin?

Exp World Holdin (EXPI) had a net profit margin of -0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Exp World Holdin pay dividends?

Yes, Exp World Holdin (EXPI) paid $0.05 per share in dividends during fiscal year 2025.

What is Exp World Holdin's return on equity (ROE)?

Exp World Holdin (EXPI) has a return on equity of -9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Exp World Holdin's free cash flow?

Exp World Holdin (EXPI) generated $109.0M in free cash flow during fiscal year 2025. This represents a -41.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Exp World Holdin's operating cash flow?

Exp World Holdin (EXPI) generated $118.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Exp World Holdin's total assets?

Exp World Holdin (EXPI) had $442.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Exp World Holdin's capital expenditures?

Exp World Holdin (EXPI) invested $9.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Exp World Holdin spend on research and development?

Exp World Holdin (EXPI) invested $69.6M in research and development during fiscal year 2025.

Does Exp World Holdin buy back shares?

Yes, Exp World Holdin (EXPI) spent $56.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Exp World Holdin have outstanding?

Exp World Holdin (EXPI) had 161M shares outstanding as of fiscal year 2025.

What is Exp World Holdin's current ratio?

Exp World Holdin (EXPI) had a current ratio of 1.53 as of fiscal year 2025, which is generally considered healthy.

What is Exp World Holdin's debt-to-equity ratio?

Exp World Holdin (EXPI) had a debt-to-equity ratio of 0.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Exp World Holdin's return on assets (ROA)?

Exp World Holdin (EXPI) had a return on assets of -5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Exp World Holdin's Piotroski F-Score?

Exp World Holdin (EXPI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Exp World Holdin's earnings high quality?

Exp World Holdin (EXPI) has an earnings quality ratio of -5.22x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Exp World Holdin?

Exp World Holdin (EXPI) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.