eXp World (EXPI) Surges 10.1% as Q4 Sales Beat Estimates

eXp World Holdings, Inc. (NASDAQ: EXPI), the parent company of eXp Realty, FrameVR.io, and SUCCESS® Enterprises, reported its Q4 and full-year 2024 financial results on February 20, 2025. The company's stock price jumped 10.1% following the announcement, as its Q4 sales surpassed analyst estimates.

Key highlights from the earnings report include:

* Full-year revenue increased 7% to $4.6 billion in 2024, with Q4 revenue of $1.1 billion.
* Real estate sales transactions increased 3% to 434,165 in 2024 and 6% year-over-year to 103,942 in Q4.
* Transaction volume increased 9% to $185.2 billion in 2024 and 17% year-over-year to $45.3 billion in Q4.
* The company's global agent Net Promoter Score (NPS) remained at 77, indicating high agent satisfaction and loyalty.



eXp World Holdings' innovative, agent-centric platform has been a significant driver of its consistent growth and profitability. The company's focus on providing unlimited growth opportunities for agents, as highlighted by Glenn Sanford, the Founder, Chairman, and CEO, has attracted top-performing professionals to the platform. This is evident in the December 2024 transaction volume of over $100 million generated by the top 10 U.S. agents alone (Source: eXp World Holdings Q4 and Full-Year 2024 Results).

The platform's success can be attributed to several factors:

1. Agent-centric approach: eXp prioritizes the needs and success of its agents, offering a suite of technology tools, learning opportunities, and support to empower them. This approach has been recognized by Glassdoor, which named eXp a top 10 place to work for the 8th consecutive year (Source: eXp World Holdings Q4 and Full-Year 2024 Results).
2. Innovative operating model: eXp's efficient operating model allows it to maximize investments in what matters most to agents. This model has enabled the company to build the largest independent brokerage on the planet (Source: eXp World Holdings Q4 and Full-Year 2024 Results).
3. Attracting high-performing agents: eXp's platform has attracted notable high-profile agents, such as Spring Bengtzen, leader of the Utah Life Real Estate Group, who brought a team of over 80 top-producing agents who closed $316 million in annual sales (Source: eXp World Holdings Q4 and Full-Year 2024 Results). This trend demonstrates the platform's ability to attract and retain successful agents.
4. Continuous innovation: eXp is relentlessly driving further innovations in its platform, expanding the suite of technology tools and learning opportunities to enable agent success. This commitment to innovation helps maintain the platform's competitive edge (Source: eXp World Holdings Q4 and Full-Year 2024 Results).

These factors, combined with eXp's focus on quality over quantity in its agent base, have contributed to the company's consistent growth and profitability. Despite a 5% reduction in agent count, eXp achieved a 9% growth in transaction volume to $185.2 billion, demonstrating improved agent productivity and successful focus on high-performing professionals (Source: eXp World Holdings Q4 and Full-Year 2024 Results).

In conclusion, eXp World Holdings' strong Q4 sales performance and subsequent stock price increase reflect the company's commitment to innovation, agent satisfaction, and continuous growth. As the company continues to attract and retain top-producing agents, investors can expect eXp to maintain its competitive edge in the real estate market.