eXp World Holdings Inc 2026年季度报告

Washington, D.C. 20549 ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Largeacceleratedfiler☒Acceleratedfiler☐Non-accelerated filer☐ Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 (this “QuarterlyReport”), including the “Management’s Discussion and Analysis of Financial Conditions and Results ofOperations” in Part I, Item 2 herein, contains statements that are not historical facts and may constituteforward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Forward-looking statements are not based on historical facts but rather represent current expectations and Manyof these risks and other factors are beyond our ability to control or predict.Forward-lookingstatements can be identified by words such as “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,”“should,” “intend,” “may,” “will,” “could,” “can,” “would,” “potential,” “seek,” “goal” and similar expressions ofthe future.These risks and uncertainties, as well as other risks and uncertainties that could cause our ●the impact of macroeconomic conditions on the strength of the residential real estate market;●the impact of monetary policies of the U.S. federal government and its agencies on our operations; ●the impact of changes in consumer attitudes on home sale transaction volume; ●the impact of excessive or insufficient home inventory supply on home sale transaction value;●our ability to retain and attract additional qualified personnel;●changes in tax laws and regulations that may have a material adverse effect on our business; ●our ability to protect our intellectual property rights; ●the impact of security breaches, interruptions, delays and failures in our systems and operations onour business; ●financial condition and reputation; ●our ability to predict the demand or growth of our new products and services; ●our ability to maintain our agent growth rate;●the impact of adverse outcomes in litigation and regulatory actions against us and other companiesand agents in our industry on our business, including the outcome of any settlements related tothose actions; and●the effect of inflation and continuing high interest rates on real estate transaction values and ouroperating results, profits and cash flows. Other factors not identified above, including those described under the heading “Risk Factors” in Part I, Item1A of this Quarterly Report, and elsewhere in our Annual Report on Form 10-K for the fiscal year endedDecember 31, 2025 (the “2025 Annual Report”), may also causeactual results to differ materially from Forward-looking statements are based on currently available operating, financial and market informationand are inherently uncertain. Investors should not place undue reliance on forward-looking statements,which speak only as of the date they are made and are not guarantees of future performance. Actual future EXP WORLD HOLDINGS,INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(In thousands, except share amounts and per share data)(UNAUDITED) EXP WORLD HOLDINGS,INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY EXP WORLD HOLDINGS,INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS eXp World Holdings,Inc.Notesto the Condensed Consolidated Financial Statements 1.DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION eXp World Holdings, Inc. (the “Company” or “eXp”) operates a cloud-based real estate brokerage andprovides related services supporting real estate agents, brokers, and entrepreneurs across North Americaand international markets through three reportable segm