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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) and MNTN, Inc. (MNTN). Click either name above to swap in a different company.

eXp World Holdings, Inc. is the larger business by last-quarter revenue ($1.2B vs $73.7M, roughly 16.2× MNTN, Inc.). MNTN, Inc. runs the higher net margin — 11.9% vs -1.1%, a 13.0% gap on every dollar of revenue. On growth, MNTN, Inc. posted the faster year-over-year revenue change (14.2% vs 8.5%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

MNTN Inc. is a U.S.-headquartered advertising technology firm specializing in performance-driven connected TV (CTV) advertising solutions. It serves e-commerce, retail, and consumer goods brands, helping clients accurately measure ad campaign ROI and reach targeted audiences across streaming TV platforms in North American and European markets.

EXPI vs MNTN — Head-to-Head

Bigger by revenue
EXPI
EXPI
16.2× larger
EXPI
$1.2B
$73.7M
MNTN
Growing faster (revenue YoY)
MNTN
MNTN
+5.7% gap
MNTN
14.2%
8.5%
EXPI
Higher net margin
MNTN
MNTN
13.0% more per $
MNTN
11.9%
-1.1%
EXPI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EXPI
EXPI
MNTN
MNTN
Revenue
$1.2B
$73.7M
Net Profit
$-12.9M
$8.8M
Gross Margin
2748.6%
Operating Margin
-1.1%
31.5%
Net Margin
-1.1%
11.9%
Revenue YoY
8.5%
14.2%
Net Profit YoY
-35.7%
141.5%
EPS (diluted)
$-0.08
$0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXPI
EXPI
MNTN
MNTN
Q1 26
$73.7M
Q4 25
$1.2B
Q3 25
$1.3B
$70.0M
Q2 25
$1.3B
$68.5M
Q1 25
$954.9M
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.3B
Net Profit
EXPI
EXPI
MNTN
MNTN
Q1 26
$8.8M
Q4 25
$-12.9M
Q3 25
$3.5M
$6.4M
Q2 25
$-2.3M
$-26.2M
Q1 25
$-11.0M
Q4 24
$-9.5M
Q3 24
$-8.5M
Q2 24
$12.4M
Gross Margin
EXPI
EXPI
MNTN
MNTN
Q1 26
2748.6%
Q4 25
Q3 25
78.9%
Q2 25
76.8%
Q1 25
Q4 24
Q3 24
99.9%
Q2 24
99.9%
Operating Margin
EXPI
EXPI
MNTN
MNTN
Q1 26
31.5%
Q4 25
-1.1%
Q3 25
0.3%
10.8%
Q2 25
-0.2%
5.4%
Q1 25
-1.1%
Q4 24
-1.0%
Q3 24
-0.7%
Q2 24
1.4%
Net Margin
EXPI
EXPI
MNTN
MNTN
Q1 26
11.9%
Q4 25
-1.1%
Q3 25
0.3%
9.2%
Q2 25
-0.2%
-38.3%
Q1 25
-1.2%
Q4 24
-0.9%
Q3 24
-0.7%
Q2 24
1.0%
EPS (diluted)
EXPI
EXPI
MNTN
MNTN
Q1 26
$0.11
Q4 25
$-0.08
Q3 25
$0.02
$0.08
Q2 25
$-0.01
$-0.65
Q1 25
$-0.07
Q4 24
$-0.06
Q3 24
$-0.06
Q2 24
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPI
EXPI
MNTN
MNTN
Cash + ST InvestmentsLiquidity on hand
$124.2M
$213.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$242.8M
$318.6M
Total Assets
$442.5M
$375.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
MNTN
MNTN
Q1 26
$213.9M
Q4 25
$124.2M
Q3 25
$112.8M
$179.2M
Q2 25
$94.6M
$175.2M
Q1 25
$115.7M
Q4 24
$113.6M
Q3 24
$130.4M
Q2 24
$108.4M
Stockholders' Equity
EXPI
EXPI
MNTN
MNTN
Q1 26
$318.6M
Q4 25
$242.8M
Q3 25
$235.3M
$266.7M
Q2 25
$218.4M
$238.9M
Q1 25
$212.0M
Q4 24
$204.9M
Q3 24
$211.1M
Q2 24
$220.3M
Total Assets
EXPI
EXPI
MNTN
MNTN
Q1 26
$375.1M
Q4 25
$442.5M
Q3 25
$458.7M
$335.9M
Q2 25
$481.2M
$337.0M
Q1 25
$435.8M
Q4 24
$390.7M
Q3 24
$432.6M
Q2 24
$457.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPI
EXPI
MNTN
MNTN
Operating Cash FlowLast quarter
$13.8M
$7.1M
Free Cash FlowOCF − Capex
$11.9M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$109.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
MNTN
MNTN
Q1 26
$7.1M
Q4 25
$13.8M
Q3 25
$28.9M
$9.3M
Q2 25
$36.1M
$17.6M
Q1 25
$39.8M
Q4 24
$13.7M
Q3 24
$46.0M
Q2 24
$71.1M
Free Cash Flow
EXPI
EXPI
MNTN
MNTN
Q1 26
Q4 25
$11.9M
Q3 25
$26.6M
Q2 25
$33.3M
Q1 25
$37.3M
Q4 24
$11.6M
Q3 24
$44.4M
Q2 24
$69.7M
FCF Margin
EXPI
EXPI
MNTN
MNTN
Q1 26
Q4 25
1.0%
Q3 25
2.0%
Q2 25
2.5%
Q1 25
3.9%
Q4 24
1.1%
Q3 24
3.6%
Q2 24
5.4%
Capex Intensity
EXPI
EXPI
MNTN
MNTN
Q1 26
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
Cash Conversion
EXPI
EXPI
MNTN
MNTN
Q1 26
0.81×
Q4 25
Q3 25
8.26×
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
5.75×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

MNTN
MNTN

Segment breakdown not available.

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