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eXp World Holdings, Inc.（EXPI）与Real Brokerage Inc（REAX）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是Real Brokerage Inc的2.1倍（$1.2B vs $568.5M）。Real Brokerage Inc净利率更高（-0.1% vs -1.1%，领先1.0%）。Real Brokerage Inc同比增速更快（52.6% vs 8.5%）。eXp World Holdings, Inc.自由现金流更多（$11.9M vs $8.4M）
eXp World Holdings是全球云原生房地产服务提供商，运营eXp Realty经纪网络，依托沉浸式3D虚拟园区支持代理人协作与日常运营，业务覆盖全球20余个国家的住宅及商业地产市场，同时提供按揭贷款、产权保险、从业者职业培训等配套服务。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
EXPI vs REAX — 直观对比
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $568.5M |
| 净利润 | $-12.9M | $-447.0K |
| 毛利率 | — | 7.9% |
| 营业利润率 | -1.1% | -0.1% |
| 净利率 | -1.1% | -0.1% |
| 营收同比 | 8.5% | 52.6% |
| 净利润同比 | -35.7% | 82.7% |
| 每股收益（稀释后） | $-0.08 | $0.00 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $568.5M | ||
| Q2 25 | $1.3B | $540.7M | ||
| Q1 25 | $954.9M | $354.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | $372.5M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $943.1M | $200.7M |
| Q4 25 | $-12.9M | — | ||
| Q3 25 | $3.5M | $-447.0K | ||
| Q2 25 | $-2.3M | $1.5M | ||
| Q1 25 | $-11.0M | $-5.0M | ||
| Q4 24 | $-9.5M | — | ||
| Q3 24 | $-8.5M | $-2.6M | ||
| Q2 24 | $12.4M | — | ||
| Q1 24 | $-15.6M | $-16.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | 8.6% | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | 10.3% |
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.3% | -0.1% | ||
| Q2 25 | -0.2% | 0.3% | ||
| Q1 25 | -1.1% | -1.5% | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -0.7% | -0.7% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | -1.9% | -7.8% |
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.3% | -0.1% | ||
| Q2 25 | -0.2% | 0.3% | ||
| Q1 25 | -1.2% | -1.4% | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -0.7% | -0.7% | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -1.7% | -8.0% |
| Q4 25 | $-0.08 | — | ||
| Q3 25 | $0.02 | $0.00 | ||
| Q2 25 | $-0.01 | $0.01 | ||
| Q1 25 | $-0.07 | $-0.02 | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $-0.06 | $-0.01 | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $-0.10 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $124.2M | $38.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $53.6M |
| 总资产 | $442.5M | $145.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $124.2M | — | ||
| Q3 25 | $112.8M | $38.7M | ||
| Q2 25 | $94.6M | $49.7M | ||
| Q1 25 | $115.7M | $24.7M | ||
| Q4 24 | $113.6M | — | ||
| Q3 24 | $130.4M | $22.6M | ||
| Q2 24 | $108.4M | — | ||
| Q1 24 | $109.2M | $20.1M |
| Q4 25 | $242.8M | — | ||
| Q3 25 | $235.3M | $53.6M | ||
| Q2 25 | $218.4M | $49.2M | ||
| Q1 25 | $212.0M | $32.8M | ||
| Q4 24 | $204.9M | — | ||
| Q3 24 | $211.1M | $29.8M | ||
| Q2 24 | $220.3M | — | ||
| Q1 24 | $222.4M | $25.6M |
| Q4 25 | $442.5M | — | ||
| Q3 25 | $458.7M | $145.2M | ||
| Q2 25 | $481.2M | $149.4M | ||
| Q1 25 | $435.8M | $100.5M | ||
| Q4 24 | $390.7M | — | ||
| Q3 24 | $432.6M | $102.5M | ||
| Q2 24 | $457.4M | — | ||
| Q1 24 | $426.7M | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $13.8M | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $8.4M |
| 自由现金流率自由现金流/营收 | 1.0% | 1.5% |
| 资本支出强度资本支出/营收 | 0.2% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $109.0M | $71.7M |
8季度趋势，按日历期对齐
| Q4 25 | $13.8M | — | ||
| Q3 25 | $28.9M | $8.8M | ||
| Q2 25 | $36.1M | $41.0M | ||
| Q1 25 | $39.8M | $15.9M | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $46.0M | $7.2M | ||
| Q2 24 | $71.1M | — | ||
| Q1 24 | $60.7M | $21.5M |
| Q4 25 | $11.9M | — | ||
| Q3 25 | $26.6M | $8.4M | ||
| Q2 25 | $33.3M | $40.8M | ||
| Q1 25 | $37.3M | $15.7M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $44.4M | $6.8M | ||
| Q2 24 | $69.7M | — | ||
| Q1 24 | $59.3M | $21.4M |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 2.0% | 1.5% | ||
| Q2 25 | 2.5% | 7.5% | ||
| Q1 25 | 3.9% | 4.4% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.6% | 1.8% | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.3% | 10.7% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.3% | 0.1% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | 27.13× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EXPI
| North American Realty | $1.1B | 96% |
| International Realty | $42.2M | 4% |
REAX
暂无分部数据
