eXp World Holdings, Inc., the holding firm for eXp Realty, reported $4.6 billion in 2022 income, a 22% improve over 2021. Gross revenue for the 12 months additionally elevated by 24% to $366.9 million in 2022. Web revenue in the course of the 12 months was $15.4 million with a internet lack of $7.2 million within the fourth quarter. Fourth quarter income totaled $933 million with a gross revenue of $83.1 million. Earnings per diluted share have been $0.10 in 2022 with an adjusted EBITDA of $60.5 million.
Brokers and brokers on eXp’s platform elevated by 21% to 86,203 with actual property transaction quantity rising by 20% to $187.3 billion. The corporate ended the 12 months with complete money and money equivalents of $121.6 million, up from $108.2 million in 2021.
“In 2022, we generated $4.6 billion in income and over $242 million in Working Money Circulation whereas sustaining a robust stability sheet with $122 million of money and no debt,” stated Jeff Whiteside, eXp World Holdings CFO and Chief Collaboration Officer. “Transferring ahead, eXp’s worthwhile North American Realty phase will allow us to proceed investing within the eXp platform to speed up agent success and drive long-term, worthwhile development.”
