Latest news with #LeoPareja
Yahoo
8 hours ago
- Business
- Yahoo
eXp Realty Dominates 2025 RealTrends Rankings With 757 Agents and Teams Honored
40 eXp Realty agents and teams break into the elite 'The Thousand' list, and the firm claims #1 spot for transactions nationwideBELLINGHAM, Wash., June 10, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, 'the most agent-centric real estate brokerage on the planet™' and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that a record-breaking 757 of its agents and teams have been named among the top real estate professionals in the country, according to the 2025 RealTrends Verified America's Best List. With fewer than 0.1% of agents qualifying nationwide, inclusion in the RealTrends rankings is a rare achievement that reflects exceptional production and service. Adding to the celebration, eXp Realty also ranked as the: #1 Brokerage in the U.S. by Transaction Sides #3 Brokerage in the U.S. by Sales Volume These accolades underscore eXp's continued dominance in the real estate space and its commitment to supporting agents through a robust cloud-based platform, best-in-class tools, and unparalleled collaboration opportunities. 'At eXp Realty, our agents are our greatest asset. Seeing 757 of our professionals earn recognition on the RealTrends lists is both humbling and energizing,' said Leo Pareja, CEO of eXp Realty. 'This success is a direct result of our commitment to providing agents with the tools, model, and culture they need to thrive. We are building something extraordinary, and this achievement is a powerful testament to the strength of our community.' With a mission to empower agents to build better businesses, eXp Realty continues to redefine what's possible in real estate, offering top-tier financial incentives, cutting-edge technology, and a globally connected network – all of which contribute to driving results for clients and professionals alike. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 27 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit Safe Harbor and Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company's platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact:eXp World Holdings, Investor Relations Contact:Denise Garciainvestors@ A photo accompanying this announcement is available at
Globe and Mail
8 hours ago
- Business
- Globe and Mail
eXp Realty Dominates 2025 RealTrends Rankings With 757 Agents and Teams Honored
BELLINGHAM, Wash., June 10, 2025 (GLOBE NEWSWIRE) -- eXp Realty ®, 'the most agent-centric real estate brokerage on the planet™' and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that a record-breaking 757 of its agents and teams have been named among the top real estate professionals in the country, according to the 2025 RealTrends Verified America's Best List. With fewer than 0.1% of agents qualifying nationwide, inclusion in the RealTrends rankings is a rare achievement that reflects exceptional production and service. Adding to the celebration, eXp Realty also ranked as the: #1 Brokerage in the U.S. by Transaction Sides #3 Brokerage in the U.S. by Sales Volume These accolades underscore eXp's continued dominance in the real estate space and its commitment to supporting agents through a robust cloud-based platform, best-in-class tools, and unparalleled collaboration opportunities. 'At eXp Realty, our agents are our greatest asset. Seeing 757 of our professionals earn recognition on the RealTrends lists is both humbling and energizing,' said Leo Pareja, CEO of eXp Realty. 'This success is a direct result of our commitment to providing agents with the tools, model, and culture they need to thrive. We are building something extraordinary, and this achievement is a powerful testament to the strength of our community.' With a mission to empower agents to build better businesses, eXp Realty continues to redefine what's possible in real estate, offering top-tier financial incentives, cutting-edge technology, and a globally connected network – all of which contribute to driving results for clients and professionals alike. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty ® and SUCCESS ® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 27 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS ® Enterprises, anchored by SUCCESS ® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company's platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.
Yahoo
08-05-2025
- Business
- Yahoo
eXp Realty Launches Land & Ranch Division, Elevating Agent Success in One of Real Estate's Most Lucrative Niches
New division delivers elite marketing, custom branding, and national community, giving land and ranch specialists the tools to dominate and differentiate. eXp Realty Launches Land & Ranch Division, Elevating Agent Success in One of Real Estate's Most Lucrative Niches BELLINGHAM, Wash., May 08, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, 'the most agent-centric real estate brokerage on the planet™' and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the official launch of its Land & Ranch Division, a powerful new platform purpose-built to empower agents serving the growing demand for rural, recreational, and agricultural properties. With a unique blend of heritage-inspired branding and cutting-edge tools, the division sets a new industry standard for how land and ranch specialists grow their businesses, expand their reach, and deliver elevated client experiences. 'Our launch of the Land & Ranch Division is yet another example of how eXp continues to redefine real estate around the agent,' said Leo Pareja, CEO of eXp Realty. 'We're giving land and ranch professionals an unmatched platform, combining elite marketing exposure, innovative tech, and a collaborative national network so they can build credibility faster, close more deals, and grow sustainable businesses.' Purpose-Built for Land and Ranch Agents eXp Land & Ranch empowers agents with everything they need to stand out and scale in this high-value market: Authentic Branding Meets Modern Design: Agents gain a custom-branded identity package – including brochures, signage, and a 3-month concierge design experience – to immediately establish themselves as experts. Luxury-Level Exposure, Automatically: Listings are syndicated across top-tier platforms like and plus premium publications such as The Wall Street Journal and Moody's, giving every listing a luxury-level spotlight. All-in-One Business Engine: The division's robust platform includes unified dashboards, automated seller reports, instant listing websites, mapping tools, a one-click presentation builder, and seamless Canva integration to accelerate agent productivity. Powerful Community of Specialists: Members connect through bi-weekly masterminds, private groups, national events, and certification programs – creating a tight-knit referral network built around shared passion and expertise. 'Land and ranch agents deserve more than just a traditional brokerage,' said Taryn King, Land and Ranch Agent Advisory Chair. 'At eXp, we're offering a future-forward platform that speaks directly to the unique needs of this segment – and equips agents with every advantage to dominate their niche.' For more information about the eXp Land and Ranch Division and how to join, visit About eXp World Holdings, World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 26 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit Safe Harbor StatementThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the launch and anticipated impact of the Land & Ranch Division, including expected agent adoption, business performance within the land and ranch segment, enhanced marketing exposure, agent productivity improvements, and the Company's broader strategy to attract and retain niche-market specialists. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include include real estate market fluctuations, changes in agent retention or recruitment, the successful integration of teams and agents into eXp Realty's model, competition from other brokerages, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact:eXp World Holdings, Investor Relations Contact:Denise Garciainvestors@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
eXp World Holdings Reports Q1 2025 Results
The Company paid a cash dividend for the first quarter of 2025 of $0.05 per share of common stock on March 19, 2025. On May 5, 2025, the Company's Board of Directors declared a cash dividend of $0.05 per share of common stock for the first quarter of 2025, expected to be paid on June 4, 2025 to stockholders of record on May 19, 2025. As of March 31, 2025, cash and cash equivalents totaled $115.7 million, compared to $109.2 million as of March 31, 2024. First Quarter 2025 Consolidated Financial Highlights as Compared to the Same Year-Ago Period: 'The real estate industry is at a pivotal crossroads, and eXp is proudly leading the charge to protect transparency, consumer choice, and healthy competition – values that have defined our marketplace for decades,' said Leo Pareja, CEO of eXp Realty. 'eXp was built by agents, for agents, and we continue to raise the bar. Recently, we launched the industry's first open-sourced seller advisory form and were the first to partner with Zillow to support consumer transparency. With the rollout of our co-sponsor program, we've also unlocked new income pathways for agents. As we look forward, we're not just defending our industry – we're building the future of it, with our agents at the center.' '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. 'This quarter alone, we more than doubled our international revenue year-over-year and expanded our footprint into Perú and Türkiye, further proving that our agent-first model transcends borders. Agent success has always been the foundation of eXp's strategy – and in 2025, we plan to double down with enhanced tech, smarter training, and even more pathways to help agents close more deals, build generational wealth, and create the freedom they deserve." BELLINGHAM, Wash., May 06, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), 'eXp' or the 'Company', 'the most agent-centric™' real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc., today announced financial results for the first quarter ended March 31, 2025. Story Continues First Quarter 2025 Operational Highlights as Compared to the Same Year-Ago Period: eXp ended the first quarter of 2025 with a global agent Net Promoter Score ('aNPS') of 78, up from 73 in the prior-year period. aNPS is a measure of agent satisfaction and an important key performance indicator given the Company's intense focus on improving the agent experience. Agents and brokers on the eXp Realty platform decreased 5% to 81,904 as of March 31, 2025. Real estate sales transactions decreased 2% to 89,643 in the first quarter of 2025. Real estate sales volume increased 4% to $38.6 billion in the first quarter of 2025. First Quarter 2025 Results – Virtual Fireside Chat The Company will hold a virtual fireside chat and investor Q&A with eXp World Holdings Founder and Chief Executive Officer Glenn Sanford, eXp Realty Chief Executive Officer Leo Pareja, eXp Realty Chief Marketing Officer Wendy Forsythe, Managing Director, eXp International Felix Bravo, and eXp World Holdings Interim Chief Financial Officer Jesse Hill on Tuesday, May 6, 2025 at 2 p.m. PT / 5 p.m. ET. __________________________ 1 A reconciliation of adjusted EBITDA, a non-GAAP measure, to net income and a discussion of why management believes adjusted EBITDA is useful is included below. 2 A reconciliation of adjusted operating cash flow, a non-GAAP measure, to operating cash flow and a discussion of why management believes adjusted operating cash flow is useful is included below. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies. Submit questions in advance for inclusion to investors@ . Date: Tuesday, May 6, 2025 Time: 2 p.m. PT / 5 p.m. ET Location: Join at Livestream: About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 26 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit eXp World Holdings, Inc. intends to use its: eXp investors website ( eXp Realty LinkedIn page ( eXp Realty Facebook Page ( eXp Realty Instagram Page ( eXp International LinkedIn Page ( eXp International Facebook Page ( eXp International Instagram Page ( eXp World Holdings LinkedIn page ( eXp World Holdings Facebook Page ( and eXp World Holdings Instagram Page ( eXp Realty X Page ( eXp World Holdings X page ( as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD. Use of Non-GAAP Financial Measures To provide investors with additional information regarding our financial results, this press release includes references to adjusted EBITDA and adjusted operating cash flow which are non-U.S. GAAP financial measures that may be different from similarly titled measures used by other companies. These measures are presented to enhance investors' overall understanding of the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The Company's non-U.S. GAAP financial measures provide useful information about financial performance, enhance the overall understanding of past performance and future prospects, and allow for greater transparency with respect to key metrics used by management for financial and operational decision-making. These measures may also provide additional tools for investors to use in comparing core financial performance over multiple periods with other companies in the industry. Adjusted EBITDA helps identify underlying trends in the business that could otherwise be masked by the effect of the expenses excluded in adjusted EBITDA. In particular, the Company believes the exclusion of stock-based compensation and stock option expenses provides a useful supplemental measure in evaluating the performance of operations and provides better transparency into results of operations. The Company defines adjusted EBITDA to mean net income (loss) from continuing operations, excluding other income (expense), income tax benefit (expense), depreciation, amortization, impairment charges, litigation contingency expenses, stock-based compensation expense, stock option expense and other items not core to the operating activities of the Company. Adjusted operating cash flow helps the reader understand the Company's cash flow. The Company defines the adjusted operating cash flow to mean net cash provided by operating activities, excluding the change in customer deposits. Adjusted EBITDA and adjusted operating cash flow should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with U.S. GAAP. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, revenue growth; dividends; additions of teams and agents in the future; technology development; and financial performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, outcomes of ongoing litigation, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the Company's most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact: eXp World Holdings, Inc. mediarelations@ Investor Relations Contact: Denise Garcia investors@ EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share amounts and per share data) (UNAUDITED) Three Months Ended March 31, 2025 2024 Revenues $ 954,906 $ 943,054 Commissions and other agent-related costs 878,771 864,746 General and administrative expenses 66,871 62,582 Technology and development expenses 16,805 14,761 Sales and marketing expenses 2,835 3,139 Litigation contingency - 16,000 Total operating expenses 965,282 961,229 Operating (loss) income (10,376 ) (18,174 ) Other (income) expense Other (income) expense, net (943 ) (1,188 ) Equity in (income) losses of unconsolidated affiliates (80 ) 149 Total other (income) expense, net (1,023 ) (1,039 ) (Loss) income before income tax expense (9,353 ) (17,135 ) Income tax (benefit) expense 1,671 (3,305 ) Net (loss) income from continuing operations (11,024 ) (13,830 ) Net (loss) income from discontinued operations - (1,809 ) Net (loss) income $ (11,024 ) $ (15,639 ) Earnings (loss) per share Basic, net (loss) income from continuing operations $ (0.07 ) $ (0.09 ) Basic, net (loss) income from discontinued operations - (0.01 ) Basic, net (loss) income $ (0.07 ) $ (0.10 ) Diluted, net (loss) income from continuing operations $ (0.07 ) $ (0.09 ) Diluted, net (loss) income from discontinued operations - (0.01 ) Diluted, net (loss) income $ (0.07 ) $ (0.10 ) Weighted average shares outstanding Basic 154,738,167 154,740,334 Diluted 154,738,167 154,740,334 CONSOLIDATED US-GAAP NET (LOSS) INCOME TO ADJUSTED EBITDA RECONCILIATION (In thousands) (UNAUDITED) Three Months Ended March 31, 2025 2024 Net (loss) income from continuing operations $ (11,024 ) $ (13,830 ) Total other (income) expense, net (1,023 ) (1,039 ) Income tax (benefit) expense 1,671 (3,305 ) Depreciation and amortization 2,561 2,399 Litigation contingency — 16,000 Stock-based compensation expense (1) 8,119 8,827 Stock option expense 1,853 1,990 Adjusted EBITDA $ 2,157 $ 11,042 ADJUSTED OPERATING CASH FLOW (In thousands) (UNAUDITED) Three Months Ended March 31, 2025 2024 Net Cash Provided by Operating Activities $ 39,838 $ 60,654 Less: Customer Deposits 11,685 31,239 Adjusted Operating Cash Flow $ 28,153 $ 29,415 EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share amounts) (UNAUDITED) March 31, 2025 December 31, 2024 ASSETS CURRENT ASSETS Cash and cash equivalents $ 115,655 $ 113,607 Restricted cash 66,569 54,981 Accounts receivable, net of allowance for credit losses of $2,194 and $1,589, respectively 104,045 87,692 Prepaids and other assets 14,655 11,692 TOTAL CURRENT ASSETS 300,924 267,972 Property, plant, and equipment, net 12,209 11,615 Other noncurrent assets 21,853 11,679 Intangible assets, net 6,251 6,456 Deferred tax assets, net 77,283 75,774 Goodwill 17,263 17,226 TOTAL ASSETS $ 435,783 $ 390,722 LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable $ 10,109 $ 10,478 Customer deposits 67,345 55,660 Accrued expenses 112,111 85,661 Litigation contingency 34,000 34,000 Other current liabilities 238 54 TOTAL CURRENT LIABILITIES 223,803 185,853 TOTAL LIABILITIES 223,803 185,853 EQUITY Common Stock, $0.00001 par value 900,000,000 shares authorized; 197,536,271 issued and 156,169,130 outstanding at March 31, 2025; 195,028,207 issued and 154,133,385 outstanding at December 31, 2024 2 2 Additional paid-in capital 993,164 962,758 Treasury stock, at cost: 41,367,141 and 40,894,822 shares held, respectively (691,662 ) (686,680 ) Accumulated deficit (86,761 ) (68,135 ) Accumulated other comprehensive (loss) (2,763 ) (3,076 ) TOTAL EQUITY 211,980 204,869 TOTAL LIABILITIES AND EQUITY $ 435,783 $ 390,722 EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (UNAUDITED) Three Months Ended March 31, 2025 2024 OPERATING ACTIVITIES Net (loss) income $ (11,024 ) $ (15,639 ) Reconciliation of net income (loss) to net cash provided by operating activities: Depreciation expense 1,945 2,059 Amortization expense - intangible assets 616 340 Allowance for credit losses on receivables/bad debt on receivables 605 159 Equity in (income) loss of unconsolidated affiliates (80 ) 149 Agent growth incentive stock-based compensation expense 8,119 8,827 Stock option compensation 1,853 1,990 Agent equity stock-based compensation expense 20,756 25,868 Deferred income taxes, net (1,509 ) (4,786 ) Changes in operating assets and liabilities: Accounts receivable (15,808 ) (20,141 ) Prepaids and other assets (2,963 ) (311 ) Customer deposits 11,685 31,239 Accounts payable (369 ) 197 Accrued expenses 25,828 14,703 Litigation contingency - 16,000 Other operating activities 184 - NET CASH PROVIDED BY OPERATING ACTIVITIES 39,838 60,654 INVESTING ACTIVITIES Purchases of property and equipment (2,553 ) (1,323 ) Investments in unconsolidated affiliates (11,244 ) (3,807 ) Capitalized software development costs in intangible assets (450 ) (115 ) NET CASH USED IN INVESTING ACTIVITIES (14,247 ) (5,245 ) FINANCING ACTIVITIES Repurchase of common stock (4,982 ) (33,032 ) Proceeds from exercise of options 300 977 Transactions with noncontrolling interests - (1,169 ) Dividends declared and paid (7,602 ) (7,585 ) NET CASH USED IN FINANCING ACTIVITIES (12,284 ) (40,809 ) Effect of changes in exchange rates on cash, cash equivalents and restricted cash 329 (589 ) Net change in cash, cash equivalents and restricted cash 13,636 14,011 Cash, cash equivalents and restricted cash, beginning balance 168,588 169,893 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE $ 182,224 $ 183,904 SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: Cash paid for income taxes 1,480 1,109 SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: Property and equipment purchases in accounts payable 214 30 A photo accompanying this announcement is available at
Bahrain News Gazette
01-05-2025
- Business
- Bahrain News Gazette
eXp Realty Officially Launches the Co-Sponsor Program, Ushering in New Era of Collaboration and Agent Growth
eXp Realty reimagines agent attraction and development with a model built for stronger support, faster onboarding, and sustainable growth eXp Realty Officially Launches the Co-Sponsor Program, Ushering in New Era of Collaboration and Agent Growth eXp Realty reimagines agent attraction and development with a model built for stronger support, faster onboarding, and sustainable growth. BELLINGHAM, Wash., May 01, 2025 (GLOBE NEWSWIRE) — eXp Realty ® , 'the most agent-centric real estate brokerage on the planet ' and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today officially launches its innovative Co-Sponsor Program, unlocking unprecedented opportunities for collaboration and growth across its global agent network. First announced in April at eXp's global event, eXpcon Montréal, the Co-Sponsor Program redefines how agent relationships can drive production, attraction, and retention. The initiative allows new eXp agents and commercial advisors to designate not only a Primary Sponsor, but also a Co-Sponsor – an additional leader who brings complementary skills to help accelerate their success. 'This is about honoring how real influence and support work in our industry,' said Leo Pareja, eXp Realty CEO. 'Now, agents and advisors can tap into two different strengths. Perhaps one sponsor is a marketing pro, while the other excels at operations or developing a team. That kind of collaboration doesn't just inspire, it compresses time, multiplies results, and elevates our entire community. It's not just about the tools, it's about who you're in proximity to and how fast you can learn and grow alongside them.' Highlights of the Co-Sponsor Program: Dual Sponsorship Support: Agents can now name both a Primary Sponsor and a Co-Sponsor, providing more support from multiple leaders with diverse strengths. Incentivized Collaboration: Co-Sponsors receive Level 1 revenue share and a 50% Fast Start Bonus, rewarding those who play a meaningful role in supporting new agent success. No Change to Core Structure: Primary Sponsors retain full access to Level 2–7 revenue share, equity opportunities, and existing benefits. Stronger Onboarding & Retention: The program enhances agent onboarding by increasing touchpoints, expertise, and support. Built for Scale: By broadening the circle of support, the Co-Sponsor Program fuels sustainable growth across organizations and geographies. Full Support Toolkit Available: Agents can immediately access a Co-Sponsor Toolkit with training, templates, and resources at . By formalizing shared leadership and aligning incentives, the Co-Sponsor Program reinforces eXp's commitment to innovation, community, and agent-first growth. 'This is innovation rooted in how agents actually work,' said Pareja. 'It's about listening, responding with purpose, and creating more ways for our agents and advisors to thrive.' To learn more, visit . About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty ® and SUCCESS ® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 26 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS ® Enterprises, anchored by SUCCESS ® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit . Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, the anticipated benefits of the agent incentive programs, their potential to accelerate agent growth, enhance collaboration, and scale agent organizations globally. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include include real estate market fluctuations, changes in agent retention or recruitment, the successful integration of teams and agents into eXp Realty's model, competition from other brokerages, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: Denise Garcia, Managing Partner Hayflower Partners [email protected] A photo accompanying this announcement is available at GlobeNewswire Distribution ID 9442893
