eXp World Holdings Reports Record Second Quarter 2021 Revenue of $1 Billion and Declares First Cash Dividend
Q2 2021 Revenue Increased 183% Year-over-Year to Reach New All-Time High, Driven by Agent Growth of 87%Q2 2021 Highlights:
- Revenue increased 183% to a record $1 billion.
- Gross profit increased 133% to $79.9 million.
- Net income increased 350% to $37 million, which included $20.6 million income tax provision benefit.
- Adjusted EBITDA (a non-GAAP financial measure) increased 98% to $27.0 million.
- Operating cash flow increased 210% to $88.5 million.
- As of June 30, 2021, cash and cash equivalents totaled $107.4 million, compared to $63.6 million as of June 30, 2020.
- Agents and brokers on the eXp Realty platform increased 87% to 58,263.
“This quarter reflects that by iterating and improving the overall value proposition for real estate professionals, we continue to attract top agents and brokers to the eXp platform and expand into new countries around the world at an accelerated pace.” – Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings
eXp World Holdings Reports Record Second Quarter 2021 Revenue of $1 Billion and Declares First Cash Dividend
Q2 2021 Revenue Increased 183% Year-over-Year to Reach New All-Time High, Driven by Agent Growth of 87%Q2 2021 Highlights:
- Revenue increased 183% to a record $1 billion.
- Gross profit increased 133% to $79.9 million.
- Net income increased 350% to $37 million, which included $20.6 million income tax provision benefit.
- Adjusted EBITDA (a non-GAAP financial measure) increased 98% to $27.0 million.
- Operating cash flow increased 210% to $88.5 million.
- As of June 30, 2021, cash and cash equivalents totaled $107.4 million, compared to $63.6 million as of June 30, 2020.
- Agents and brokers on the eXp Realty platform increased 87% to 58,263.
“This quarter reflects that by iterating and improving the overall value proposition for real estate professionals, we continue to attract top agents and brokers to the eXp platform and expand into new countries around the world at an accelerated pace.” – Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings
