EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

7.EARNINGS PER SHARE

Basic earnings per share is computed based on net income attributable to eXp stockholders divided by the basic weighted-average shares outstanding during the period. Dilutive earnings per share is computed consistently with the basic computation while giving effect to all dilutive potential common shares and common share equivalents that were outstanding during the period. The Company uses the treasury stock method to reflect the potential dilutive effect of unvested stock awards and unexercised options.

The following table sets forth the calculation of basic and diluted earnings per share attributable to common stock during the periods presented:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Numerator:
Net income attributable to eXp World Holdings, Inc.	$ 1,349	$ 4,402	$ 12,224	$ 22,643
Denominator:
Weighted average shares - basic	153,392,005	151,826,315	153,065,727	150,622,845
Dilutive effect of common stock equivalents	4,791,883	4,088,992	3,769,258	5,811,595
Weighted average shares - diluted	158,183,888	155,915,307	156,834,985	156,434,440
Earnings per share:
Earnings per share attributable to common stock- basic	$ 0.01	$ 0.03	$ 0.08	$ 0.15
Earnings per share attributable to common stock- diluted	$ 0.01	$ 0.03	$ 0.08	$ 0.14

For three months ended September 30, 2023 and 2022 total outstanding shares of common stock excluded 192,684 and 1,315,861 shares, respectively, from the computation of diluted earnings per share because their effect would have been anti-dilutive.

For nine months ended September 30, 2023 and 2022 total outstanding shares of common stock excluded 679,425 and 845,162 shares, respectively, from the computation of diluted earnings per share because their effect would have been anti-dilutive.