eXp World Holdings, Inc., the holding company for eXp Realty, reported $4.6 billion in 2022 revenue, a 22% increase over 2021. Gross profit for the year also increased by 24% to $366.9 million in 2022. Net income during the year was $15.4 million with a net loss of $7.2 million in the fourth quarter. Fourth quarter revenue totaled $933 million with a gross profit of $83.1 million. Earnings per diluted share were $0.10 in 2022 with an adjusted EBITDA of $60.5 million.
Agents and brokers on eXp’s platform increased by 21% to 86,203 with real estate transaction volume increasing by 20% to $187.3 billion. The company ended the year with total cash and cash equivalents of $121.6 million, up from $108.2 million in 2021.
“In 2022, we generated $4.6 billion in revenue and over $242 million in Operating Cash Flow while maintaining a strong balance sheet with $122 million of cash and no debt,” said Jeff Whiteside, eXp World Holdings CFO and Chief Collaboration Officer. “Moving forward, eXp’s profitable North American Realty segment will enable us to continue investing in the eXp platform to accelerate agent success and drive long-term, profitable growth.”
