eXp World Holdings, Inc. (NASDAQ: EXPI)

eXp World Holdings, Inc. owns and oversees a diversified portfolio of service oriented businesses integrated through its advanced enabling technology platform which enables collaboration and operational leverage across its ecosystem. The company’s core focus is expanding its real estate brokerage operations by offering agents industry leading economics ownership opportunities and tools that support long term professional growth. It operates a cloud based brokerage model that reduces costs and provides agents with technology education and affiliated services to grow their businesses in an evolving real estate marketplace.

The company generates revenue mainly from commissions earned as a licensed broker for residential and commercial real estate transactions paying a portion to its agents. Additionally its Other Affiliated Services segment derives revenue from SUCCESS magazine and related media products that provide training and professional development tools. Its customer base consists primarily of home buyers and home sellers served through its network of independent agents and brokers.

The company operates through the following segments: North American Realty International Realty and Other Affiliated Services.

• North American Realty includes residential and commercial brokerage lead generation and related support services in the United States and Canada and beginning with the first quarter of 2025 also includes FrameVR.io the company s proprietary web accessible 3D immersive technology platform that provides a virtual environment for agent collaboration training and community engagement.

• International Realty includes brokerage operations and support services across 27 countries throughout the Americas Europe the Middle East Asia Pacific and South Africa generating revenue primarily from commissions on residential real estate transactions via the cloud based brokerage model.

• Other Affiliated Services includes SUCCESS magazine and related media properties that provide training classes resources and tools to empower agents brokers staff and general customers for professional development.

eXp World Holdings Inc positions itself as a global cloud based real estate brokerage with massive scale competing primarily on its service culture collaborative platform and cost reducing technology. It differentiates itself through its ownership sharing model revenue share program and comprehensive professional development offerings which it views as some of the most compelling in the industry. Main competitors include traditional brokerages such as RE MAX Keller Williams and Coldwell Banker as well as other technology driven entrants.

The company’s customers are primarily home buyers and home sellers who engage its independent agents and brokers for property purchases and sales with additional commercial real estate clients served through the same network. Its affiliated services also serve agents brokers and staff seeking training and professional development resources.