secwatch.observer — SEC 8-K summary
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Issuer:     eXp World Holdings, Inc. (EXPI)
CIK:        0001495932
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001558370-23-007649
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495932/000155837023007649/0001558370-23-007649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495932/000155837023007649/expi-20230502x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007649

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