| Market Capitalization (Millions $) |
2,051 |
| Shares
Outstanding (Millions) |
156 |
| Employees |
52,961 |
| Revenues (TTM) (Millions $) |
4,436 |
| Net Income (TTM) (Millions $) |
-23 |
| Cash Flow (TTM) (Millions $) |
-19 |
| Capital Exp. (TTM) (Millions $) |
7 |
Exp World Holdings Inc
Exp World Holdings Inc is an innovative real estate brokerage and technology company that provides a platform for real estate professionals and businesses to operate and grow their business. The company was founded in 2009 by Glenn Sanford, an experienced real estate agent, with the aim of leveraging technology to create a more efficient and decentralized real estate industry.
Exp World Holdings Inc operates through its subsidiaries, including eXp Realty, VirBELA, and SUCCESS Enterprises. eXp Realty is a full-service real estate brokerage that offers agents a fully virtual platform to conduct business, enabling them to work from anywhere in the world. VirBELA is a virtual platform that provides businesses with a customizable 3D world in which they can collaborate remotely. Finally, SUCCESS Enterprises is a training and coaching platform for real estate agents and businesses.
Exp World Holdings Inc has a unique business model in the real estate industry, whereby they offer their entire technology platform to agents for a monthly fee, instead of taking a commission on real estate transactions. This model makes it easier for agents to join the company and effectively run their businesses from anywhere in the world.
The company has experienced rapid growth in recent years, with its revenue from 2018 to 2020 growing from $500 million to over $1.8 billion. This growth has been accelerated by the COVID-19 pandemic, which has prompted a shift towards virtual work and remote collaboration. As of 2021, the company has over 50,000 agents across the globe, operating in over 15 countries.
Exp World Holdings Inc has won a number of accolades over the years, including being named one of the fastest-growing companies by Inc. 5000 for four consecutive years. The company has also been recognized for its commitment to sustainability and social responsibility, with its virtual platform reducing the carbon footprint of its business operations.
In conclusion, Exp World Holdings Inc is an innovative real estate brokerage and technology company that has carved a unique niche in the real estate industry. Its virtual platform, unique business model, and commitment to sustainability have enabled it to grow rapidly and become a major player in the industry.
Company Address: 2219 Rimland Drive, Suite 301 Bellingham 98226 WA
Company Phone Number: 685-4206 Stock Exchange / Ticker: NASDAQ EXPI
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98.41 %