Sign in

AGNT on Nasdaq

eXp World Holdings

Holding company for the virtual brokerage eXp Realty1

In its 2026 annual report the company says: “The Company owns and oversees a diversified portfolio of service-oriented businesses. The Company’s strategic focus is the continued expansion of its real estate brokerage operations by delivering a differentiated value proposition to agents—centered on industry-leading economics, ownership opportunities, and access to tools and services that support long-term professional growth.”8 It is headquartered in Bellingham, United States.1 Its shares trade on Nasdaq under the symbol AGNT.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$4.8BRevenue, fiscal 20254
-$22.7MNet income, fiscal 20254

Compare with Marriott Vacations Worldwide Corporation, Compass RE or Newmark Group, or pick any stock.

  • TickerAGNT on Nasdaq1
  • IndustryReal Estate Agents & Managers (For Others)1
  • HeadquartersBellingham, United States1
  • Websiteexpworldholdings.com
  • Legal formDelaware corporation1
  • Incorporated inTX5
  • Business address2219 Rimland Dr., Suite 301, Bellingham, Wa 982265
  • Filer categoryLarge accelerated filer5
  • Kind of organizationReal estate vehicle1
  • LEI549300TWVVZC283VEC323
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address2595 N Dallas Pkwy, Suite 350, 75034 Frisco, United States3
  • Registered withCorporations Section (Texas Secretary of State), 08066478083

See how the biggest companies compare on our leaderboards

eXp World Holdings image from its website
Image: expworldholdings.com7

The Company owns and oversees a diversified portfolio of service-oriented businesses. These businesses are integrated through the Company’s advanced enabling technology platform which enables collaboration and operational leverage across its ecosystem.8 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.0%Gross margin4
-0.4%Operating margin4
-0.5%Net margin4
4.5%Revenue growth, 20254
-9.4%Return on equity4
$109.0MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

North American Realty brought in 97% of the revenue eXp World Holdings broke down this way in fiscal 2025.

  1. North American Realty$4.6B497%up 3% from 2024
  2. International Realty$146.9M43%up 67% from 2024
  3. Other Operating$2.9M40%down 53% from 2024
Business segments by year
Business segments202320242025
North American Realty$4.2B$4.5B$4.6B
International Realty$53.9M$88.1M$146.9M
Other Operating$4.8M$6.1M$2.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development1¢$69.6M
  • Other costs98¢$4.7B
  • Income tax0¢$2.5M

Out of $4.8B in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending8¢$9.6M
  • Dividends paid26¢$30.8M
  • Share buybacks47¢$56.2M
  • Kept or used elsewhere19¢$22.1M

Out of $118.6M of cash from operations.4

Financial statements

Revenue9101112134$4.8B in 2025+854% since 2018
0$2.0B$4.0B$6.0B2018: $500.1M$500.1M20182019: $979.9M$979.9M2019+96%2020: $1.8B$1.8B2020+84%2021: $3.8B$3.8B2021+110%2022: $4.6B$4.6B2022+22%2023: $4.3B$4.3B2023−7%2024: $4.6B$4.6B2024+7%2025: $4.8B$4.8B2025+4%
Gross profit4$333.6M in 2025+4% since 2023
0$100.0M$200.0M$300.0M$400.0M2023: $319.9M$319.9M20232024: $342.4M$342.4M2024+7%2025: $333.6M$333.6M2025−3%
Operating income9101112134-$21.5M in 2025−4% since 2018
-$40.0M-$20.0M0$20.0M$40.0M2018: -$22.4M-$22.4M20182019: -$8.8M-$8.8M2019−61%2020: $31.6M$31.6M20202021: $34.2M$34.2M2021+8%2022: $16.4M$16.4M2022−52%2023: $522.0K$522.0K2023−97%2024: -$19.0M-$19.0M20242025: -$21.5M-$21.5M2025+13%
Net income9101112134-$22.7M in 2025+1% since 2018
-$50.0M0$50.0M$100.0M2018: -$22.4M-$22.4M20182019: -$9.5M-$9.5M2019−58%2020: $31.1M$31.1M20202021: $81.2M$81.2M2021+161%2022: $15.4M$15.4M2022−81%2023: -$9.0M-$9.0M20232024: -$21.3M-$21.3M2024+137%2025: -$22.7M-$22.7M2025+7%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenues$4.8B$4.6B$4.3B
Commissions and other agent-related costs$4.4B$4.2B$4.0B
Gross profit$333.6M$342.4M$319.9M
General and administrative expenses$274.9M$252.4M$247.8M
Technology and development expenses$69.6M$58.2M$59.5M
Sales and marketing expenses$10.6M$11.9M$12.1M
Impairment expense$4.9M
Litigation contingency$34.0M
Total operating expenses$355.0M$361.4M$319.4M
Operating income (loss)-$21.5M-$19.0M$522.0K
Other (income) expense, net-$1.5M-$4.4M-$4.4M
Equity in (income) losses of unconsolidated affiliates$281.0K$1.2M$1.4M
Other (income) expense, net-$1.2M-$3.3M-$3.0M
Income (loss) before income tax expense-$20.2M-$15.7M$3.5M
Income tax (benefit) expense$2.5M$1.1M-$16.0K
Net income (loss) from continuing operations-$22.7M-$16.8M$3.5M
Net income (loss) from discontinued operations-$4.5M-$12.5M
Net income (loss)-$22.7M-$21.3M-$9.0M
Basic, net income (loss) from continuing operations (in dollars per share)-$0-$0$0
Basic, net income (loss) from discontinued operations (in dollars per share)-$0-$0
Basic, net income (loss) (in dollars per share)-$0.14-$0.14-$0.06
Diluted, net income (loss) from continuing operations (in dollars per share)-$0-$0$0
Diluted, net income (loss) from discontinued operations (in dollars per share)-$0-$0
Diluted, net income (loss) (in dollars per share)-$0.14-$0.14-$0.06
Weighted average shares outstanding - Basic156.9M shares153.7M shares153.2M shares
Weighted average shares outstanding - Diluted156.9M shares153.7M shares156.8M shares
Net income (loss)-$22.7M-$21.3M-$9.0M
Foreign currency translation gain (loss), net of tax$4.9M-$3.4M$96.0K
Comprehensive income (loss)-$17.8M-$24.7M-$8.9M

Compare eXp World Holdings with another company

Corporate structure

eXp World Holdings sits at the top of its group. 6 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of eXp World Holdings

  • Gratitude 2022 Trust U/A/D 8/26/22 Filed SCHEDULE 13D on eXp World Holdings, latest Sep 8, 2026
  • Penny Sanford Filed SCHEDULE 13D/A on eXp World Holdings, latest Sep 8, 2026 (3 filings since Mar 4, 2025)
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on eXp World Holdings, latest Jul 31, 2026 (2 filings since Apr 29, 2026)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on eXp World Holdings, latest Mar 26, 2026 (5 filings since Feb 10, 2022)
  • Glenn Darrel Sanford Filed SCHEDULE 13D/A on eXp World Holdings, latest Feb 19, 2026 (8 filings since Jan 25, 2022)
  • BlackRock Filed SC 13G on eXp World Holdings, latest Jan 25, 2024
  • eXp World Holdings Bellingham, Washington, United States
    • eXp Realty India Subsidiary
    • eXp Realty of California, Inc. Subsidiary · Washington, United States
    • eXp Realty of Canada, Inc. Subsidiary · Canada
    • eXp Realty, LLC Subsidiary · Washington, United States
    • SUCCESS Enterprises LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What eXp World Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$56.1M4 Dec 31, 2025$46.3M4 Dec 31, 2024+21.1%
Accumulated depreciation$42.2M4 Dec 31, 2025$35.3M4 Dec 31, 2024+19.6%
Property and equipment, net$13.9M4 Dec 31, 2025$11.0M4 Dec 31, 2024+25.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$124.2M4 Dec 31, 2025$113.6M4 Dec 31, 2024+9.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$17.9M4 Dec 31, 2025$17.2M4 Dec 31, 2024+3.8%
Intangible assets, net (excluding goodwill)$4.4M4 Dec 31, 2025$6.5M4 Dec 31, 2024−31.5%
Finite-lived intangibles, gross$12.2M4 Dec 31, 2025$14.1M4 Dec 31, 2024−13.2%
Accumulated amortization$7.8M4 Dec 31, 2025$5.1M4 Dec 31, 2024+53.7%
Finite-lived intangibles, net$4.4M4 Dec 31, 2025$6.5M4 Dec 31, 2024−31.5%

Properties, in its own words

The Company leases its principal corporate office in Bellingham, Washington. As of December 31, 2025, the Company also leased small offices in various jurisdictions to meet regulatory and licensing requirements and, in certain cases, to provide space for managing brokers or drop-in use by agents. The Company does not own any real property. The Company believes its leased facilities are adequate for current operations and that additional space would be available to meet future needs.

Item 2 of the 10-K filed Feb 24, 2026.8

Leadership

Who has led eXp World Holdings, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Glenn Darrel Sanford2016–2018
  2. Jason Gesing2018–2022
  3. Leonardo Pareja2024–now

Chair

  1. Glenn Darrel Sanford2016–now

President

  1. Glenn Darrel Sanford2013
  2. Jason Gesing2013–2015
  3. Russell G. Cofano2016
  4. David M. Conord2019–2020
  5. Stacey Onnen2019–2022
  6. Jose Enrique Valdes2021–2022

Chief financial officer

  1. Alan M. Goldman2016
  2. Jeff Whiteside2018–2023
  3. Jesse P. Hill2025–now

Chief operating officer

  1. Steve Alamin2013
  2. Peter Nobel2016
201520202025
Board members and other officers (25)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerMichael Valdes named Jul 15, 202253

Subsidiaries and ownership

Subsidiaries

  • eXp Realty India

Subsidiaries (Exhibit 21)

  • SUCCESS Enterprises LLC Delaware6
  • eXp Realty of California, Inc. Washington6
  • eXp Realty of Canada, Inc. Canada6
  • eXp Realty, LLC Washington6

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • EXP World Holdings, Inc.Feb 19, 2025 to Jun 1, 20265
  • EXP Realty International CorpSep 9, 2013 to Apr 27, 20165
  • Desert Canadians Ltd.Jul 7, 2010 to Aug 20, 20135

Timeline

  1. Oct 8, 20268-K Executive or director change54
  2. Sep 15, 20268-K Other events55
  3. Sep 8, 20268-K Entered a material agreement56
  4. Aug 4, 20268-K Results of operations; Regulation FD disclosure57
  5. Jun 11, 20268-K Entered a material agreement; Change to shareholders' rights; Executive or director change58
  6. May 29, 20268-K Other events59
  7. May 12, 20268-K Shareholder vote60
  8. May 11, 20268-K Results of operations; Regulation FD disclosure61
  9. May 7, 20268-K Other events62
  10. Apr 24, 20268-K Other events63
  11. Mar 31, 20268-K Regulation FD disclosure64
  12. Feb 24, 20268-K Results of operations; Regulation FD disclosure65
  13. May 7, 2024New chief executive Leonardo Pareja becomes CEO18
  14. Aug 8, 2018New chief executive Jason Gesing becomes CEO19
  15. Sep 23, 2016New chief executive Glenn Darrel Sanford becomes CEO20
  16. Jul 30, 2008Founded eXp World Holdings is founded3

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.02 a share, on Nov 6, 2025.66

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results57
  2. May 11, 2026Reported quarterly or annual results61
  3. Feb 24, 2026Reported quarterly or annual results65
  4. Nov 6, 2025Reported quarterly or annual results67
  5. Jul 31, 2025Reported quarterly or annual results68
  6. May 6, 2025Reported quarterly or annual results69
  7. Feb 20, 2025Reported quarterly or annual results70
  8. Nov 7, 2024Reported quarterly or annual results71

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

644 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 74 major events, 410 insider forms, 20 large holders, 1 private raises, 117 other. The latest 20:

  1. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 8, 20268-K EDGAR
  3. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 15, 20268-K EDGAR
  6. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 8, 2026SCHEDULE 13D EDGAR
  8. Sep 8, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Sep 8, 20263 OWNERSHIP DOCUMENT EDGAR
  10. Sep 8, 20263 OWNERSHIP DOCUMENT EDGAR
  11. Sep 8, 2026SCHEDULE 13D/A EDGAR
  12. Sep 8, 20268-K EDGAR
  13. Aug 31, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 17, 20264 PRIMARY DOCUMENT EDGAR
  15. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
  16. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
  17. Aug 4, 202610-Q EDGAR
  18. Aug 4, 20268-K EDGAR
  19. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 31, 2026SCHEDULE 13G EDGAR

The 644 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

285 open-market trades by officers, directors and large owners since October 2021: 0 buys and 285 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026Gratitude 2022 Trust U/A/D 8/26/2210% ownerSale8,693,290$3.68$32.0MForm 4
Dec 1, 2025MILES RANDALL DDirectorSale10,000$11.20$112.0KForm 4
Nov 25, 2025SANFORD PENNY10% ownerSale117,179$12.04$1.4MForm 4
Nov 3, 2025MILES RANDALL DDirectorSale10,000$10.02$100.2KForm 4
Oct 1, 2025MILES RANDALL DDirectorSale10,000$10.47$104.7KForm 4
Sep 10, 2025MILES RANDALL DDirectorSale10,000$11.04$110.4KForm 4
Aug 12, 2025MILES RANDALL DDirectorSale8,700$10.10$87.9KForm 4
Aug 7, 2025MILES RANDALL DDirectorSale1,300$10.25$13.3KForm 4
Jun 10, 2025MILES RANDALL DDirectorSale10,000$9.15$91.5KForm 4
May 19, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale25,000$7.99$199.8KForm 4
May 12, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale25,000$7.81$195.2KForm 4
May 5, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale25,000$8.94$223.5KForm 4
Apr 28, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale20,000$8.80$176.0KForm 4
Apr 21, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale20,000$8.62$172.4KForm 4
Apr 15, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale20,000$9.39$187.8KForm 4
Apr 7, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale20,000$9.23$184.6KForm 4
Apr 1, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale20,000$9.80$196.0KForm 4
Mar 24, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale25,000$10.37$259.2KForm 4
Mar 17, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale25,000$9.76$244.0KForm 4
Mar 10, 2025Sanford Glenn DarrelCEO and Chairman of the BoardSale25,000$9.76$244.0KForm 4

All 285 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jesse Hill38$7$1.7M78
2025Glenn Sanford59$1.6M$1.6M78
2025Leo Pareja43$735.6K$1.4M78
2025Wendy Forsythe54$12$1.1M78
2025James Bramble56$473.7K$730.5K78
2025Kent Cheng$4$407.5K78
2024Chief Strategy OfficereXp Realty$689.4K$2.7M78
2024Chief Executive Officer$1.5M$1.5M78
2024Former Chief Accounting$385.7K$723.7K78
2024Chief Legal CounselGeneral Counsel$434.9K$661.6K78
2023and Chairman of the Board$1.5M$7.8M78
2023and Corporate Secretary$406.0K$2.0M78
2023Chief Strategy OfficereXp Realty$451.9K$1.6M78
2023Officer and$386.9K$1.5M78

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 1, 2022Raised $4.8 million in a private offering of equity Form D: 23 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.14,148,859$76.5M0.0%+575,650
Vanguard Portfolio Management LLC7,356,279$39.8M0.0%−1,568,032
Vanguard Capital Management LLC4,377,613$23.7M0.0%+165,628
State Street Corp3,617,783$19.6M0.0%+283,749
Geode Capital Management, LLC2,781,684$15.1M0.0%+258,679
Renaissance Technologies LLC2,652,116$14.3M0.0%−30,700
Goldman Sachs Group Inc2,123,962$11.5M0.0%+545,740
Morgan Stanley1,798,460$9.7M0.0%+580,632
Dimensional Fund Advisors LP1,708,248$9.2M0.0%+591,993
Charles Schwab Investment Management Inc1,703,497$9.2M0.0%−363,654
Nuveen, LLC1,669,867$9.0M0.0%+438,103
Jacobs Levy Equity Management, Inc1,611,106$8.7M0.0%+813,374
Invesco Ltd.1,554,296$8.4M0.0%+351,371
Fmr LLC1,070,426$5.8M0.0%+329,247
Northern Trust Corp993,057$5.4M0.0%+125,587
Allianz Asset Management GmbH979,146$5.3M0.0%+256,676
Bank Of America Corp /de/752,447$4.1M0.0%−207,651
Nordea Investment Management Ab730,093$3.9M0.0%+211,385
Vanguard Fiduciary Trust Co673,034$3.6M0.0%+39,919
UBS Group AG651,916$3.5M0.0%−81,883
Bank of New York Mellon Corp650,006$3.5M0.0%+61,768
Principal Financial Group Inc457,941$2.5M0.0%+15,315
OP Asset Management Ltd426,845$2.3M0.0%+17,722
Quantinno Capital Management LP383,837$2.1M0.0%+170,501
Baring Financial LLC362,841$2.0M1.1%−90,841

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How eXp World Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAGNT, Inc.2
  • CIK0001495932
  • Employer ID (EIN)98-06810928
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company8
  • Incorporated inDelaware8
  • Fiscal year endsDecember 312
  • Industry code (SIC)6531 Real Estate Agents & Managers (For Others)2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address2219 Rimland Dr., Suite 301, Bellingham, WA 982262
  • Phone360-685-42062
  • Shares outstanding167,117,937 as of Jun 30, 202616
  • Public float$795.7M as of Jun 30, 20258
  • AuditorDeloitte & Touche LLP, San Francisco, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting8
  • On EDGAR sinceJul 7, 20102
  • Filings1,224 in all: 4 (774), 8-K (139), 144 (91), 10-Q (48), 3 (33), 10-K (16), 4/A (13), UPLOAD (11)2
    All 40 form types

    DEFA14A (10), CORRESP (8), SC 13D/A (8), DEF 14A (7), DEF 14C (6), 10-Q/A (5), PRE 14C (5), S-8 (5), SCHEDULE 13D/A (4), 10-K/A (3), D (3), SC 13D (3), SC 13G/A (3), SCHEDULE 13D (3), 3/A (2), EFFECT (2), PRE 14A (2), PRER14C (2), S-1/A (2), SC 13G (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 144/A (1), 424B3 (1), 8-A12B (1), 8-A12G (1), 8-K/A (1), CERT (1), NT 10-K (1), NT 10-Q (1), S-1 (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Mar 9, 2026
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.00001 per shareEXPIThe Nasdaq Stock Market

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).8

Risk factors and legal proceedings

The risks eXp World Holdings names in Item 1A of its 10-K filed Feb 24, 2026: 33 risks under these headings, as written.8

  • Risks Related to the Company’s Business and Industries
  • The Company’s business results are materially influenced by the strength of the U.S. residential real estate sector and overall economic conditions.
  • Monetary policies of the U.S. federal government and its agencies, particularly those impacting mortgage interest rates and buyer affordability, may have a material adverse impact on the Company’s operations.
  • Fluctuations in housing inventory levels can negatively impact the Company’s business, which depends on the ability of its brokers and agents to facilitate home sales. In certain markets, limited supply in recent years has reduced transaction activity.
  • Material decreases in the average brokerage commission rate, due to conditions beyond the Company’s control, could materially adversely affect its financial results.
  • The introduction and integration of emerging technologies, including artificial intelligence, presents various operational, compliance, and reputational risks and could impact the Company’s competitive position and financial performance.
  • The Company’s operating results are subject to seasonality and vary significantly among quarters during each calendar year, making meaningful comparisons of successive quarters difficult.
  • Climate-related physical impacts, regulatory changes, and disclosure obligations could increase costs, reduce transaction activity, and expose the Company to liability or reputational harm.
  • The Company may be unable to attract, retain, and incentivize qualified real estate professionals.
  • Loss of the Company’s current executive officers or other key management could significantly harm its business.
  • The Company’s business, financial condition and reputation may be substantially harmed by security breaches, interruptions, delays and failures in its systems and operations.
  • Cybersecurity incidents could disrupt the Company’s business operations, result in the loss of critical and confidential information, adversely impact the Company’s reputation and harm its business.
The other 22 risks
  • The Company may not be able to utilize a portion of its net operating loss or research tax credit carryforwards, which may adversely affect the Company’s profitability.
  • The Company could be subject to changes in tax laws and regulations that may have a material adverse effect in its business.
  • The Company may be unable to effectively and efficiently manage growth in its business.
  • The Company may not successfully complete or integrate acquisitions or joint ventures.
  • The Company’s international operations are subject to risks not generally experienced by its U.S. operations.
  • The Company is actively developing, and intends to continue to develop, new products and services complementary to its brokerage business and the Company’s failure to accurately predict their demand or growth could have an adverse effect on its business.
  • The real estate market may be severely impacted by industry changes as the result of certain class action lawsuits, settlements, or government investigations and the recent industry changes and/or any additional meaningful changes could have a materially adverse effect on the Company’s business, operations, financial condition and results of operations.
  • Negligence or willful misconduct of independent real estate professionals affiliated with the Company owned brokerages could materially and adversely affect the Company’s reputation and subject it to liability.
  • If the Company fails to grow in the various local markets that it serves or are unsuccessful in identifying and pursuing new business opportunities, the Company’s long-term prospects and profitability will be harmed.
  • The Company’s growth depends in part on the success of its strategic relationships with third parties.
  • Risks Related to Legal and Regulatory Matters
  • The Company is subject to certain risks related to legal proceedings filed by or against it and adverse results may harm its business and financial condition.
  • Adverse outcomes in litigation and regulatory actions against other companies and agents in the Company’s industry could adversely impact its financial results.
  • The Company faces significant risk to its brand and revenue if it fails to maintain compliance with the law and regulations of federal, state, county and foreign governmental authorities, or private associations and governing boards.
  • The Company offers independent agents the opportunity to earn additional commissions through its revenue sharing plan, which pays under a multi-tiered compensation structure similar in some respects to network marketing. Network marketing is subject to intense government scrutiny and regulation and changes in the law, or the interpretation and enforcement of the law, might adversely affect the Company’s business.
  • The Company may suffer significant financial harm and loss of reputation if it does not comply, cannot comply, or is alleged to have not complied with applicable laws, rules and regulations concerning its classification and compensation practices for the agents in the Company’s brokerage operations.
  • The Company is, and may in the future be, blocked from or limited in providing its agent compensation plans in certain jurisdictions and may be required to modify its business model in those jurisdictions as a result.
  • If the Company fails to protect the privacy and personal information of its customers, agents or employees, it may be subject to legal claims, government action and damage to its reputation.
  • Entering into new business arrangements, joint ventures, or business lines may expose the Company to additional regulatory and compliance risks that could materially and adversely affect the Company’s business and financial condition.
  • Risks Related to the Company’s Common Stock
  • Glenn Sanford, the Company’s Chairman and Chief Executive Officer, together with Penny L Sanford TTEE Gratitude 2022 Trust, own a significant percentage of the Company’s common stock. As a result, the trading price for the Company’s shares of common stock may be depressed and they can significantly influence actions that may be adverse to the interests of the Company’s other stockholders.
  • Because the Company can issue additional shares of common stock and because it issues stock under an equity incentive plan, its stockholders may experience dilution in the future.
  • The price of the Company’s common stock is subject to volatility.
  • Delaware law and the Company’s organizational documents may impede or discourage a takeover, which could deprive the Company’s investors of the opportunity to receive a premium for their shares.

Legal proceedings

The information set forth under “Contingencies” under Note 13 – Commitments and Contingencies to the consolidated financial statements included in Part II, Item 8, Financial Statements and Supplementary Data, of this Annual Report is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.8

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
    SEC EDGAROther events
  56. 56
  57. 57
  58. 58
  59. 59
    SEC EDGAROther events
  60. 60
  61. 61
  62. 62
    SEC EDGAROther events
  63. 63
    SEC EDGAROther events
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78