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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Revenues $ 1,295,244 $ 1,231,116 $ 2,238,298 $ 2,079,569
Operating expenses        
Commissions and other agent-related costs 1,197,668 1,135,615 2,062,414 1,912,453
General and administrative expenses 61,160 64,917 123,742 119,543
Technology and development expenses 14,848 14,888 29,609 28,948
Sales and marketing expenses 3,031 2,860 6,170 5,787
Litigation contingency     16,000  
Total operating expenses 1,276,707 1,218,280 2,237,935 2,066,731
Operating income 18,537 12,836 363 12,838
Other (income) expense        
Other (income) expense, net (1,749) (1,294) (2,937) (2,168)
Equity in losses of unconsolidated affiliates 374 143 523 485
Total other (income) expense, net (1,375) (1,151) (2,414) (1,683)
Income before income tax expense 19,912 13,987 2,777 14,521
Income tax expense 8,146 2,632 4,841 1,174
Net income (loss) from continuing operations 11,766 11,355 (2,064) 13,347
Net income (loss) from discontinued operations 617 (1,933) (1,192) (2,472)
Net income (loss) $ 12,383 $ 9,422 $ (3,256) $ 10,875
Basic, net income (loss) from continuing operations (in dollars per share) $ 0.08 $ 0.07 $ (0.01) $ 0.09
Basic, net income (loss) from discontinued operations (in dollars per share) 0.00 (0.01) (0.01) (0.02)
Basic, net income (loss) (in dollars per share) 0.08 0.06 (0.02) 0.07
Diluted, net income (loss) from continuing operations (in dollars per share) 0.08 0.07 (0.01) 0.09
Diluted, net income (loss) from discontinued operations (in dollars per share) 0.00 (0.01) (0.01) (0.02)
Diluted, net income (loss) (in dollars per share) $ 0.08 $ 0.06 $ (0.02) $ 0.07
Weighted average shares outstanding - Basic 153,580,879 153,249,120 154,160,607 152,899,883
Weighted average shares outstanding - Diluted 155,984,147 156,693,959 154,160,607 156,119,627
Comprehensive income (loss):        
Net income (loss) $ 12,383 $ 9,422 $ (3,256) $ 10,875
Other comprehensive income (loss):        
Foreign currency translation gain (loss), net of tax (898) 64 (1,787) 707
Comprehensive income (loss) attributable to eXp World Holdings, Inc. $ 11,485 $ 9,486 $ (5,043) $ 11,582