eXp Realty published the quarterly and year-end earnings report. 2018 was a great year in every way! Here’s how the earnings and growth went:
Fourth Quarter 2018 Earnings
Total revenue for the fourth quarter was $150 million. This was roughly three times the revenue of the fourth quarter of 2017, which was $48.2 million. This is a 96% increase.
Total revenue for the entire year 2018 was $500.1 million, a record amount. This was 220% more than the entire year 2017.
Agent count grew by 139% year over year. We now have close to 17,000 in 50 states and 3 provinces of Canada. We had just over 6500 at the end of 2017.
eXp closed 74,678 residential transactions in 2018, 195% more than in 2017. This represents $19.9 billion in volume, which is 226% more than 2017.
eXp Realty Acquisitions
In October 2018, eXp Realty acquired VirBELA, the company that created our online virtual office. This allows eXp Realty to scale in amazing ways. We have employees from all over the United States, serving agents from 8 am Eastern Time to 5 pm Pacific Time.
Read the Full Press Release:
eXp World Holdings Trades on Nasdaq
EXPI started trading on Nasdaq in May 2018. Of course, stock goes up and down and cannot be predicted. Our first stock award was for .60 cents a share. Our first stock purchase (at a 20% discount with 5% of our commission) was for .60 cents a share.
Take a look at EXPI today We’re pretty happy with our stock.
Contact Chris Highland, Broker eXp Realty Maryland for more information: 301-401-5119.
Recent News About eXp Realty
- When Will eXp World Holdings, Inc. (NASDAQ:EXPI) Become Profitable?, Simply Wall Street
- eXp World Holdings Revenue Soars 212%, Inman News
- Inside the Billion Dollar Brokerage, Inman News
- eXp Realty Careers
Disclaimer: This is not an official communication from eXp World Holdings, or it’s subsidiaries. Chris Highland is an independent contractor with eXp Realty.
About eXp World Holdings
eXp World Holdings, Inc. (NASDAQ: EXPI) houses eXp Realty and eXp World Technologies, LLC, which operates the VirBELA platform and eXp World Marketplace.
eXp Realty is the first cloud-based real estate brokerage, the largest residential real estate brokerage by geography in North America, and the first and only real estate brokerage to operate as one brokerage in all 50 U.S. states. It is one of the fastest growing real estate brokerage firms in North America with more than 17,000 agents across 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.
VirBELA offers a modern, cloud-based environment focused on education and team development with clients in various industries from government to retail. VirBELA developed eXp Realty’s current cloud campus, which provides 24/7 access to collaborative tools, training and socialization for the company’s agents and staff.
For more information, please visit the company’s website at www.expworldholdings.com.