eXp World (AGNT) financial statements
eXp World reported revenue of $4.8B in fiscal 2025, up 64.7% a year over 9 years.
Net income was -$23M and the operating margin -0.4%, against -13.8% in 2016.
Free cash flow was $108M, and the company returned $31M in dividends and $56M in net buybacks.
The diluted share count rose 54% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from eXp World's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54M | $156M | $500M | $980M | $1.8B | $3.8B | $4.6B | $4.3B | $4.6B | $4.8B |
| Cost of revenue | $46M | $140M | $460M | — | — | — | — | — | — | — |
| Gross profit | $7M | $17M | $40M | — | — | — | — | $320M | $342M | $334M |
| Research and development | — | — | — | — | — | — | $54M | $60M | $58M | $70M |
| Selling, general and admin | $14M | $37M | $63M | $93M | $128M | $262M | $291M | $260M | $264M | $285M |
| Operating income | -$7M | -$22M | -$22M | -$9M | $32M | $34M | $16M | $522,000 | -$19M | -$21M |
| Interest expense | $370 | $2,077 | — | — | — | — | — | — | — | — |
| Pre-tax income | -$7M | -$22M | -$22M | -$9M | $31M | $34M | $16M | $4M | -$16M | -$20M |
| Income tax | $42,528 | $97,234 | $78,000 | $497,000 | $413,000 | -$47M | -$8M | -$16,000 | $1M | $2M |
| Net income | -$7M | -$22M | -$22M | -$10M | $31M | $81M | $15M | -$9M | -$21M | -$23M |
| EPS (diluted) | -$0.07 | -$0.21 | -$0.19 | -$0.08 | $0.21 | $0.51 | $0.10 | -$0.06 | -$0.14 | -$0.14 |
| Diluted shares | 102M | 106M | 115M | 126M | 152M | 158M | 156M | 157M | 154M | 157M |
| Gross margin | 13.3% | 10.6% | 8.1% | — | — | — | — | 7.5% | 7.5% | 7.0% |
| Operating margin | -13.8% | -14.1% | -4.5% | -0.9% | 1.8% | 0.9% | 0.4% | 0.0% | -0.4% | -0.4% |
| Net margin | -13.8% | -14.2% | -4.5% | -1.0% | 1.7% | 2.2% | 0.3% | -0.2% | -0.5% | -0.5% |
Balance sheet
Fiscal years, from eXp World's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $5M | $21M | $40M | $100M | $108M | $122M | $126M | $114M | $124M |
| Receivables | $3M | $7M | $17M | $28M | $77M | $133M | $87M | $85M | $88M | $109M |
| Total current assets | $6M | $13M | $42M | $79M | $212M | $319M | $255M | $266M | $268M | $305M |
| Property, plant and equipment | $538,405 | $2M | $3M | $5M | $8M | $16M | $18M | $13M | $11M | $14M |
| Goodwill | — | — | $8M | $8M | $13M | $13M | $27M | $17M | $17M | $18M |
| Total assets | $6M | $15M | $56M | $96M | $242M | $414M | $382M | $386M | $391M | $442M |
| Total current liabilities | $4M | $10M | $24M | $42M | $97M | $187M | $127M | $142M | $186M | $200M |
| Long-term debt | — | — | $2M | $2M | $3M | $3M | $5M | $20,000 | — | — |
| Total liabilities | $4M | $10M | $26M | $44M | $100M | $190M | $133M | $142M | $186M | $200M |
| Shareholders' equity | $3M | $4M | $30M | $52M | $142M | $222M | $248M | $243M | $205M | $243M |
| Net debt | -$2M | -$5M | -$18M | -$38M | -$96M | -$106M | -$117M | -$126M | -$114M | -$124M |
Cash flow
Fiscal years, from eXp World's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1M | $5M | $24M | $55M | $120M | $247M | $211M | $209M | $192M | $119M |
| Capital spending | $416,672 | $1M | $2M | $5M | $6M | $13M | $12M | $8M | $8M | $10M |
| Free cash flow | $607,605 | $3M | $22M | $50M | $113M | $233M | $198M | $201M | $184M | $108M |
| Stock-based compensation | $5M | $11M | $5M | $5M | $7M | $13M | — | — | — | — |
| Dividends paid | — | — | — | — | — | $12M | $25M | $29M | $30M | $31M |
| Share buybacks (net) | $0 | -$3,607 | — | -$27M | -$29M | -$172M | -$179M | -$161M | -$141M | -$56M |
| Free cash flow margin | 1.1% | 2.1% | 4.4% | 5.1% | 6.3% | 6.2% | 4.3% | 4.7% | 4.0% | 2.3% |
| Dividends per share | — | — | — | — | — | $0.07 | $0.16 | $0.18 | $0.20 | $0.20 |
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Open AGNT in InvestinglyQuestions
What was eXp World's revenue in 2025?
$4.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does eXp World generate?
$108M in fiscal 2025 (operating cash flow minus capital spending).
From eXp World's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.