2021 marked the highest revenue and profit year in eXp’s history. Such results were driven by a +72% y/y in agent growth.
eXp World Holdings Financial Results for Q4 2021 and Full Year
eXp World Holdings, the parent and holding company for eXp Realty, Virbela and SUCCESS Enterprises, reported in its Q4 and Full Year 2021 Earnings Report that the company had its highest revenue and profit year in its history.
- Revenue increase of +110% to $3.8B in 2021
- Revenue increase of +77% to $1.1B in Q4 2021
- Gross profit increase of +85% to $296.0 in 2021
- Gross profit increase of 65% to $83.1M in Q4 2021
- Net income increase of +162% to $81.2M in 2021
- Net income increase of +101% to $15.5M in Q4 2021
- Earning/diluted share increase of +143% in 2021
- Earning/diluted share increase of +100% to $0.10/share Q4 2021
- 12/31/2021 cash & equivalents of $108.2M, up from $100.1M
Operational Highlights of Full Year and Q4 2021
Agents and brokers associated with the eXp Realty platform increased +72% to 71,137 at year end on December 31, 2021.
eXp Realty’s global Net Promoter Score at the end of 2021 hit 71. (This is a measure of agent satisfaction.)
Quiz:
Please choose one answer:
1) I am ready to join EXP Realty.
2) I am interested in EXP Realty and need more info.
3) I am not interested in EXP Realty.
Key:
* If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please)
* If you answered “#2” please watch the videos and check out the other intel on this site. http://whylibertas.com/harris .
* If you answered ‘#3’ no worries. You will want to check out whylibertas.com/harris so you can at least know what EXP Realty is and why so many agents are moving to EXP.
Closed real estate transactions increased +86% to 444,367 in 2021. In Q4 2021, closed real estate transactions increased +52% to 125,029.
Real estate transaction volume increased +116% to $156.1B in 2021. Transaction volume during Q4 2021 increased +82% to $44.9B.
eXp Realty expanded into nine new international locations in 2021 – Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany. Already in February 2022, eXp Realty launched in the Dominican Republic. The company also announced in February its plans to launch operations in Greece and New Zealand during Q1 2022.
Comments
eXp Realty is the fastest-growing real estate company in the world. It now has more than 75,000 agents (as of February 2022) in the US, Canada, the UK, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany and the Dominican Republic. The company announced continued plans to scale internationally.
Founder, Chairman and CEO of eXp World Holdings Glenn Sanford said, “2021 was another year of tremendous growth for eXp, as our core focus on innovation enable us to welcome nearly 30,000 new agents across six continents to eXp. As real estate professionals increasingly turn to technology-based solutions for productivity and collaboration, our cloud-based platform has given us a first-mover advantage to scale our brokerage at the fastest rate in the industry.”
Sanford believes that the “secret sauce” for eXp’s growth is its continuing, dedicated commitment to being “the most agent-centric real estate brokerage on the planet…(and) to turning this (real estate) industry into an industry that’s really agent led and agent-driven.”
The company also indicated it was developing additional benefits and incentives to agents while discussing its FY/Q4 2021 earnings report.
Are you ready to learn what your DISC personality style is? You know it’s critical that you understand what your natural personality style is. Once you have obtained this knowledge everything in your business and personal life will change for the better. Tim and Julie Harris are making it super simple for you to have this powerful info. Now, text the word YOU to 47372, and when you do you will instantly receive a special exclusive text link. Next, you will complete your own DISC personality test.. the results will be shared with you instantly once you complete the simple and fun test, no strings attached. Simply text the word YOU to 47372 and click the link.
P.S. (Limited time: no charge to take the complete test)
* 4 Msgs/Month. Reply STOP to cancel, HELP for help. Msg&data rates may apply. Terms & Privacy: slkt.io/JWQt
Thanks to eXp World Holdings and Inman.
