eXp World (NASDAQ:EXPI) Misses Q1 Sales Targets
Real estate technology company eXp World (NASDAQ:EXPI) missed Wall Street's revenue expectations in Q1 CY2025 as sales only rose 1.3% year on year to $954.9 million. Its GAAP loss of $0.07 per share was significantly below analysts' consensus estimates.
Is now the time to buy eXp World? Find out in our full research report.
eXp World (EXPI) Q1 CY2025 Highlights:
Revenue: $954.9 million vs analyst estimates of $994.8 million (1.3% year-on-year growth, 4% miss)
EPS (GAAP): -$0.07 vs analyst estimates of -$0.01 (significant miss)
Adjusted EBITDA: $2.16 million vs analyst estimates of $11.96 million (0.2% margin, 82% miss)
Operating Margin: -1.1%, in line with the same quarter last year
Free Cash Flow Margin: 3.9%, down from 6.3% in the same quarter last year
Market Capitalization: $1.33 billion
'We're entering 2025 from a position of strength. eXp has built one of the most comprehensive, tech-enabled agent value stack in the industry – one that's driving record International agent productivity and empowering entrepreneurs at scale,' said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings.
Company Overview
Founded in 2009, eXp World (NASDAQ:EXPI) is a real estate company known for its virtual, cloud-based approach to real estate brokerage.
Sales Growth
Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Luckily, eXp World's sales grew at an incredible 33.1% compounded annual growth rate over the last five years. Its growth beat the average consumer discretionary company and shows its offerings resonate with customers.
eXp World Quarterly Revenue
Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. eXp World's recent performance shows its demand has slowed significantly as its annualized revenue growth of 1.6% over the last two years was well below its five-year trend.
eXp World Year-On-Year Revenue Growth
This quarter, eXp World's revenue grew by 1.3% year on year to $954.9 million, falling short of Wall Street's estimates.
Looking ahead, sell-side analysts expect revenue to grow 6.1% over the next 12 months. Although this projection suggests its newer products and services will spur better top-line performance, it is still below the sector average.
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