eXp World Holdings, Inc. (EXPI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 20.57M | 13.79M | 28.89M | 36.09M | 39.84M | 13.71M | 46M | 71.15M | 60.65M | 32.62M | 22.35M | 98.02M | 56.14M | 23.21M | 22.03M | 53.79M | 111.51M | 48.48M | 30.99M | 88.51M |
| Operating CF Margin % | 2.05% | 1.16% | 2.19% | 2.76% | 4.17% | 1.25% | 3.74% | 5.49% | 6.43% | 3.32% | 1.84% | 7.96% | 6.62% | 2.49% | 1.78% | 3.8% | 11.03% | 4.5% | 2.79% | 8.85% |
| Operating CF Growth % | -48.36% | 0.58% | -37.19% | -49.28% | -34.32% | -57.95% | 105.83% | -27.42% | 8.03% | 40.52% | 1.46% | 82.23% | -49.65% | -52.12% | -28.92% | -39.22% | 41.29% | 59.19% | -28.22% | 210.04% |
| Net Income | -5.1M | -12.9M | 3.5M | -2.29M | -11.02M | -9.51M | -8.51M | 12.38M | -15.64M | -21.2M | 1.35M | 9.42M | 1.45M | -7.2M | 4.4M | 9.36M | 8.86M | 15.46M | 23.81M | 37.04M |
| Depreciation & Amortization | 2.32M | 2.31M | 2.42M | 2.27M | 2.56M | 2.55M | 2.38M | 2.96M | 2.4M | 2.74M | 2.79M | 2.78M | 2.58M | 2.68M | 2.77M | 2.43M | 1.96M | 1.74M | 1.69M | 1.51M |
| Stock-Based Compensation | 9.07M | 33.58M | 38.38M | -12.99M | 30.73M | 36.49M | 41.44M | 41.9M | 36.69M | 47.02M | 53.19M | 49.73M | 39.2M | 44.48M | 53.95M | 61.17M | 49.81M | 52.6M | 52.02M | 47.42M |
| Deferred Taxes | 0 | -1.51M | 1.12M | 1.51M | -1.51M | -5.84M | -3.02M | 7.12M | -4.79M | -6.1M | 65K | 3.09M | 277K | -5M | -3.95M | -991K | -5.9M | -16.81M | -20.69M | -15.33M |
| Other Non-Cash Items | 18.34M | 2.82M | 448K | 49.51M | 525K | 5.82M | 88K | -462K | 308K | 10.25M | 1.08M | -537K | -1.45M | 1.64M | 309K | 956K | 897K | 574K | 228K | -592K |
| Working Capital Changes | -4.07M | -10.51M | -16.98M | -1.92M | 18.56M | -15.8M | 13.62M | 7.24M | 41.69M | -104K | -36.13M | 33.54M | 14.09M | -13.38M | -35.45M | -19.14M | 55.88M | -5.08M | -26.08M | 18.46M |
| Change in Receivables | -14.02M | 14.76M | 22.17M | -42.23M | -15.81M | 17.23M | 29.94M | -28.73M | -20.14M | 26.88M | 21.86M | -34.46M | -10.81M | 31.33M | 35.87M | -12.42M | -9.85M | -3.94M | 4.18M | -45.19M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.98M | 0 | 0 |
| Change in Payables | -1.08M | 4.83M | -1.51M | 1.18M | -369K | -168K | 0 | 2.54M | 197K | -422K | 2M | -1.76M | -1.31M | 480K | 3.1M | -1.23M | 74K | -1.42M | 2.24M | 1.19M |
| Cash from Investing | -2.09M | -2.98M | -3.29M | -2.96M | -14.25M | -6.51M | -2.59M | -5.12M | -5.25M | -2.19M | -1.36M | -8.18M | -1.78M | -3.57M | -10.81M | -3.39M | -4.68M | -5.26M | -6.55M | -3.35M |
| Capital Expenditures | -2.51M | -1.88M | -2.33M | -2.8M | -2.55M | -2.08M | 0 | -1.45M | -1.32M | -1.17M | -1.51M | -3.18M | -1.43M | -2.83M | -1.15M | -3.39M | -4.68M | -4.26M | -3.55M | -3.35M |
| CapEx % of Revenue | 0.25% | 0.16% | 0.18% | 0.21% | 0.27% | 0.19% | 0.19% | 0.11% | 0.14% | 0.12% | 0.12% | 0.26% | 0.17% | 0.3% | 0.09% | 0.24% | 0.46% | 0.4% | 0.32% | 0.34% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 425K | 10.15M | -260K | -11.41M | -450K | -1.44M | -2.29M | -394K | -115K | -664K | -596K | -6.18M | -350K | 0 | 0 | -1K | 0 | 3M | 0 | 0 |
| Cash from Financing | -7.95M | -17.77M | -24.01M | -32.48M | -12.28M | -32.01M | -41.91M | -55.65M | -40.81M | -33.25M | -59.91M | -54.73M | -36.2M | -48.14M | -65.17M | -55.47M | -35.74M | -34.78M | -58.01M | -54.5M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 21K | -9.97M | -16.36M | -24.81M | -4.98M | -24.84M | -35.02M | -48.23M | -33.03M | -25.93M | -55.9M | -48.81M | -29.92M | -39.84M | -59.81M | -49.86M | -29.96M | -29.91M | -53.19M | -54.9M |
| Dividends Paid | -7.97M | -7.79M | -7.71M | -7.67M | -7.6M | -7.54M | -7.49M | -7.49M | -7.58M | -7.54M | -7.52M | -6.86M | -6.6M | -6.69M | -6.79M | -5.88M | -5.86M | -5.79M | -5.75M | 0 |
| Share Repurchases | 0 | -9.97M | -16.36M | -24.89M | -4.98M | -24.84M | -35.02M | -48.23M | -33.03M | -25.93M | -55.9M | -48.81M | -29.92M | -39.84M | -59.81M | -49.86M | -29.96M | -29.91M | -53.19M | -54.9M |
| Other Financing | 0 | 0 | 56K | 0 | 300K | 368K | 592K | 75K | -192K | 219K | 3.51M | 946K | 307K | -1.61M | 1.44M | 283K | 72K | 925K | 938K | 403K |
| Net Change in Cash | 8.9M | -4.92M | 1.45M | 2.71M | 13.64M | -27.15M | 2.22M | 9.62M | 14.01M | -3.26M | -39.13M | 35.14M | 18.75M | -27.81M | -53.58M | -6.25M | 71.12M | 8.44M | -33.7M | 30.68M |
| Free Cash Flow | 18.06M | 11.46M | 26.3M | 33.74M | 36.84M | 11.41M | 43.71M | 69.3M | 59.22M | 30.78M | 20.84M | 94.84M | 54.71M | 20.38M | 20.88M | 50.4M | 106.82M | 44.22M | 27.44M | 85.15M |
| FCF Margin % | 1.8% | 0.96% | 2% | 2.58% | 3.86% | 1.04% | 3.55% | 5.35% | 6.28% | 3.13% | 1.72% | 7.7% | 6.45% | 2.18% | 1.69% | 3.56% | 10.57% | 4.11% | 2.47% | 8.52% |
| FCF Growth % | -50.98% | 0.41% | -39.84% | -51.32% | -37.8% | -62.92% | 109.76% | -26.93% | 8.23% | 51.02% | -0.21% | 88.19% | -48.78% | -53.9% | -23.9% | -40.82% | 39.34% | 56.34% | -33.99% | 212.61% |
| FCF per Share | 0.11 | 0.07 | 0.16 | 0.22 | 0.24 | 0.07 | 0.29 | 0.44 | 0.38 | 0.20 | 0.13 | 0.61 | 0.35 | 0.13 | 0.13 | 0.32 | 0.68 | 0.28 | 0.17 | 0.54 |
| FCF Conversion (FCF/Net Income) | -4.04x | -1.07x | 8.26x | -15.75x | -3.61x | -1.44x | -5.41x | 5.75x | -3.88x | -1.54x | 16.57x | 10.40x | 38.64x | -3.22x | 5.00x | 5.75x | 12.55x | 3.13x | 1.30x | 2.39x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 1.53M | 534K | 1.48M | 496K | 656K | 433K | 1.11M | 349K | 549K | 744K | 1.09M | 473K | 489K | 1.96M | 483K | 271K | 358K | 699K |