---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007649"
form_type: "8-K"
ticker: "EXPI"
cik: "0001495932"
company_name: "eXp World Holdings, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:19:51.939658+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# eXp World Q1 2023: Revenue down 16% to $851M but net income positive at $1.5M; agent count up 12%

## Summary
- Revenue $850.6M (-16% YoY); gross profit $73.1M (-12%); net income $1.5M vs $5.1M prior year.
- Adjusted EBITDA $13.3M; operating cash flow (excl. customer deposits) $39M.
- Agent count 87,327 (+12% YoY); closed transactions 102,305 (-10% YoY); transaction volume $33.2B (-20%).
- International Realty record revenue, up 52% YoY.
- Board declared Q2 cash dividend of $0.045/share, payable May 31 to holders of record May 12.

## SEC filing metadata
- accession: 0001558370-23-007649
- form_type: 8-K
- ticker: EXPI
- cik: 0001495932
- company_name: eXp World Holdings, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495932/000155837023007649/0001558370-23-007649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495932/000155837023007649/expi-20230502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007649
- JSON: https://secwatch.observer/filing/0001558370-23-007649.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007649.txt

## Key facts
- Earnings Releases
  eXp World Holdings, Inc. reported three months ended March 31, 2023 results: revenue $850.6 million, net income $1.5 million, EPS $0.01.
  - Period: three months ended March 31, 2023
  - Revenue: $850.6 million
  - Net income: $1.5 million
  - EPS: $0.01
  - Result: reported results
  source text: First Quarter 2023 Consolidated Financial Highlights as Compared to the Same Year-Ago Quarter: ● Revenue decreased 16% to $850.6 million. ● Gross profit decreased 12% to $73.1 million. ● Net income of $1.5 million. Earnings per diluted share of $0.01 compared to earnings per diluted share of $0.06 in the year ago quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495932/000155837023007649/0001558370-23-007649-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.