The EPS miss and declining operating cash flow ($20.6M vs $39.8M) are concerning despite revenue growth. Watch for Q2 2026 results to see if the guided revenue ramp materializes; the NextHome acquisition integration and agent retention trends (aNPS dropped to 67 from 78) are key. Historical bearish calls on EXPI have moved the stock -6% to -19%, suggesting downside risk near-term.
Price Chart
Executive Summary
eXp World Holdings reported Q1 2026 revenue of $1.0B (+5% YoY) and a GAAP net loss of $(5.1M) / $(0.03) per share, which missed the single-analyst consensus estimate of $0.01 EPS. The company guided Q2 2026 revenue of $1.36B-$1.45B and full-year 2026 revenue of $4.85B-$5.15B, with Adjusted EBITDA improving 88% YoY to $4.1M.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $1.0B (+5% YoY from $954.9M)
- GAAP net loss $(5.1M) vs $(11.0M) loss in Q1 2025
- GAAP EPS $(0.03) vs consensus $0.01 (900% miss)
- Adjusted EBITDA $4.1M, up 88% YoY from $2.2M
- Q2 2026 revenue guidance $1.36B-$1.45B
- Full-year 2026 revenue guidance $4.85B-$5.15B
- Cash and equivalents $122.1M; operating cash flow $20.6M (down from $39.8M)
- Dividend maintained at $0.05/share quarterly
- Agent count 82,332 (+1% YoY); transaction volume $40.7B (+5% YoY)
- NextHome acquisition completed with cash on hand, zero debt
Financial Impact
EPS miss of $(0.03) vs $0.01 consensus; revenue in line with expectations; guidance implies 36-45% sequential revenue growth in Q2
Risk Factors
- EPS miss of 900% vs consensus signals earnings weakness
- Operating cash flow halved YoY to $20.6M
- Agent NPS declined from 78 to 67, indicating potential retention issues
- Full-year guidance implies only ~5% revenue growth at midpoint vs Q1 run rate
- Litigation contingency of $17M remains on balance sheet
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3291790 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 8-K | — | awaiting T+20 | — | — |
May 11, 2026 24w ago | Press Release | $5.22 $4.70 | ▼ −9.88% | ▼ −8.15% | — |
May 11, 2026 24w ago | Press Release | $6.04 $4.84 | ▲ +19.87% | ▲ +19.56% | — |
May 11, 2026 24w ago | 8-K | $6.04 $4.84 | ▼ −19.87% | ▼ −19.56% | — |
May 7, 2026 24w ago | 8-K | $6.74 $4.78 | ▼ −29.15% | ▼ −32.29% | — |
May 1, 2026 25w ago | Press Release | $6.44 | awaiting T+20 | — | — |
May 1, 2026 25w ago | DEFA14A | $6.44 $4.92 | ▼ −23.60% | ▼ −28.89% | — |
Apr 24, 2026 26w ago | DEFA14A | $6.51 $5.05 | ▼ −22.43% | ▼ −27.38% | — |
Apr 24, 2026 26w ago | 8-K | $6.45 $5.01 | ▼ −22.33% | ▼ −26.35% | — |
Apr 20, 2026 27w ago | DEFA14A | $6.49 $4.73 | ▼ −27.20% | ▼ −32.11% | — |
US Market Status
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