eXp World Holdings reports Q2 revenue down 13% to $1.2B; net income $9.4M, EPS $0.06

eXp World Holdings, Inc.

2023-Q2 EPS reported $0.07 revenue$2,083,543,000

Revenue $1.2B (-13% YoY); net income $9.4M, diluted EPS $0.06 (flat YoY).
Adjusted EBITDA $24.7M; generated $64.6M adjusted operating cash flow.
Agent count 88,248 (+7%); transactions 137,199 (-9%); transaction volume $48.6B (-16%).
International realty revenue rose 35% to an all-time record; dividend raised to $0.05/share.
Repurchased ~$48.8M of common stock during Q2; cash & equivalents $124.7M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

eXp World Holdings, Inc. reported the second quarter ended June 30, 2023 results: revenue $1.2 billion, net income $9.4 million, EPS $0.06 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $1.2 billion
Net income: $9.4 million
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

eXp World Holdings, Inc. (Nasdaq: EXPI), or the “Company”, the holding company for eXp Realty ® , Virbela and SUCCESS ® Enterprises, today announced financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Consolidated Financial Highlights as Compared to the Same Year-Ago Quarter: ● Revenue decreased 13% to $1.2 billion. ● Gross profit decreased 10% to $96.5 million. ● Net income of $9.4 million. Earnings per diluted share of $0.06 compared to earnings per diluted share of $0.06 in the year-ago quarter.

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Source: SEC EDGAR

accession 0001558370-23-013201

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