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Investor releaseQuarter not tagged2026-08-04AGNT: Q2 Earnings Snapshot
Associated Press
AGNT: Q2 Earnings Snapshot
BELLINGHAM, Wash. (AP) — BELLINGHAM, Wash. (AP) — AGNT, Inc (AGNT) on Tuesday reported a loss of $2.7 million in its second quarter. The Bellingham, Washington-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, came to less than 1 cent on a per-share basis. The company posted revenue of $1.45 billion in the period. For the current quarter ending in September, AGNT said it expects revenue in the range of $1.35 billion to $1.45 billion. The company expects full-year revenue in the range of $4.85 billion to $5.15 billion. In the final minutes of trading on Tuesday, the company's shares hit $4.22. A year ago, they were trading at $10.11. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGNT at https://www.zacks.com/ap/AGNT
Investor releaseQuarter not tagged2026-08-04AGNT, Inc. Reports Q2 2026 Results
GlobeNewswire
AGNT, Inc. Reports Q2 2026 Results
AGNT, Inc. Reports Q2 2026 Results BELLINGHAM, Wash., Aug. 04, 2026 (GLOBE NEWSWIRE) -- AGNT, Inc. (Nasdaq: AGNT), formerly eXp World Holdings, Inc., (the “Company,” “AGNT” or “we”), the holding company for eXp Realty®, NextHome, Inc., FrameVR.io and SUCCESS® Enterprises, today announced financial results for the second quarter 2026 ended June 30, 2026. “Our second quarter results are a testament to what happens when you build a platform that genuinely serves agents,” said Leo Pareja, CEO of eXp Realty, LLC. "Record revenue and record transactions don't happen by accident, they are the direct result of agents choosing to grow their businesses with us, stay on the platform, and produce more. Retention continues to be highest among our top quartile of producers, and transactions per agent continue to climb, reinforcing our belief that platform utility, not just network size, is what drives durable growth. eXp Realty remains the engine of this platform, and we are just getting started.” “The name change to AGNT, Inc. this quarter says plainly what this company now is," said Glenn Sanford, Founder, Chairman and CEO of AGNT, Inc. "One platform, multiple brokerage models, all of it built to serve agents. eXp Realty is the most agent-centric brokerage on the planet, and NextHome extends that reach to agents and broker/owners who want something different. A broader platform with more opportunities is a more resilient one." "I am proud to report a record revenue quarter for AGNT, reflecting the scale and operational discipline we have built across the platform," said Jesse Hill, Chief Financial Officer of AGNT, Inc. "Our results this quarter also demonstrate meaningful progress on the efficiency initiatives we outlined in 2025, with continued productivity gains and operational improvements. We also completed the NextHome acquisition with cash on hand, expanding our offering to agents and increasing our long-term growth opportunity while maintaining a debt-free balance sheet. We are on track with the integration of NextHome and its contribution, while still early, is consistent with our expectations. We are narrowing our full-year Adjusted EBITDA guidance range and remain focused on continuing to drive revenue growth while delivering sustainable, long-term profitability." Second Quarter 2026 Consolidated Financial Highlights as Compared to the Same Year-Ago Period: Re…Read full documentShow less
AGNT, Inc. Reports Q2 2026 Results BELLINGHAM, Wash., Aug. 04, 2026 (GLOBE NEWSWIRE) -- AGNT, Inc. (Nasdaq: AGNT), formerly eXp World Holdings, Inc., (the “Company,” “AGNT” or “we”), the holding company for eXp Realty®, NextHome, Inc., FrameVR.io and SUCCESS® Enterprises, today announced financial results for the second quarter 2026 ended June 30, 2026. “Our second quarter results are a testament to what happens when you build a platform that genuinely serves agents,” said Leo Pareja, CEO of eXp Realty, LLC. "Record revenue and record transactions don't happen by accident, they are the direct result of agents choosing to grow their businesses with us, stay on the platform, and produce more. Retention continues to be highest among our top quartile of producers, and transactions per agent continue to climb, reinforcing our belief that platform utility, not just network size, is what drives durable growth. eXp Realty remains the engine of this platform, and we are just getting started.” “The name change to AGNT, Inc. this quarter says plainly what this company now is," said Glenn Sanford, Founder, Chairman and CEO of AGNT, Inc. "One platform, multiple brokerage models, all of it built to serve agents. eXp Realty is the most agent-centric brokerage on the planet, and NextHome extends that reach to agents and broker/owners who want something different. A broader platform with more opportunities is a more resilient one." "I am proud to report a record revenue quarter for AGNT, reflecting the scale and operational discipline we have built across the platform," said Jesse Hill, Chief Financial Officer of AGNT, Inc. "Our results this quarter also demonstrate meaningful progress on the efficiency initiatives we outlined in 2025, with continued productivity gains and operational improvements. We also completed the NextHome acquisition with cash on hand, expanding our offering to agents and increasing our long-term growth opportunity while maintaining a debt-free balance sheet. We are on track with the integration of NextHome and its contribution, while still early, is consistent with our expectations. We are narrowing our full-year Adjusted EBITDA guidance range and remain focused on continuing to drive revenue growth while delivering sustainable, long-term profitability." Second Quarter 2026 Consolidated Financial Highlights as Compared to the Same Year-Ago Period: Revenue increased 11% to $1.4 billion from $1.3 billion. Net loss was $(2.7) million and net loss per diluted share was $(0.02) per share, compared to net loss of $(2.3) million and net loss per diluted share of $(0.01). Operating expenses of $97.2 million, a 2% increase from $95.0 million. Adjusted EBITDA1 (a non-U.S. GAAP financial measure) of $25.7 million, a 129% increase from $11.2 million. As of June 30, 2026, cash and cash equivalents totaled $111.2 million, compared to $94.6 million as of June 30, 2025. Net cash provided by operating activities was $38.8 million, compared to $36.1 million. Adjusted operating cash flow2 (a non-U.S. GAAP financial measure) was $15.7 million, compared to $13.4 million. Distributed $8.2 million of cash dividends to shareholders. The Company paid a cash dividend for the second quarter of 2026 of $0.05 per share of common stock on June 5, 2026. On July 28, 2026, the Company’s Board of Directors declared a cash dividend of $0.05 per share of common stock for the third quarter of 2026, expected to be paid on August 28, 2026 to stockholders of record on August 14, 2026. Second Quarter 2026 Operational Highlights as Compared to the Same Year-Ago Period: AGNT ended the second quarter of 2026 with a global agent Net Promoter Score (“aNPS”) of 69, compared to 77 in the prior-year period. aNPS is a measure of agent satisfaction and an important key performance indicator given the Company’s intense focus on improving the agent experience. Agents and brokers on the AGNT platform were 87,338 as of June 30, 2026, a 6% increase. Second quarter 2026 real estate sales transactions increased 12% year-over-year to 132,497. Second quarter 2026 real estate sales volume increased 15% year-over-year to $60.5 billion. Third Quarter 2026 Outlook: Revenue between $1.35 billion and $1.45 billion. Operating expenses between $85 million and $90 million. Adjusted EBITDA1 between $17 million and $22 million. Full-Year 2026 Outlook: Revenue between $4.85 billion and $5.15 billion. Operating expenses between $355 million and $365 million. Adjusted EBITDA1 between $50 million and $60 million. Adjusted EBITDA is a non-U.S. GAAP financial measure and has not been reconciled to the most comparable U.S. GAAP measure outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable U.S. GAAP measures. Forward-looking estimates of Adjusted EBITDA are made in a manner consistent with the relevant definitions and assumptions noted in our filings with the Securities and Exchange Commission (“SEC”). For a reconciliation of non-U.S. GAAP financial measures to the most directly comparable U.S. GAAP measures on a historical basis, see “Consolidated U.S. GAAP Net Income (Loss) to Consolidated Adjusted EBITDA Reconciliation" and "Adjusted Operating Cash Flow" included in this press release. Second Quarter 2026 Results – Virtual Fireside Chat The Company will hold a virtual fireside chat and investor Q&A with AGNT, Inc. Founder, Chairman and Chief Executive Officer Glenn Sanford, eXp Realty Chief Executive Officer Leo Pareja, and AGNT, Inc. Chief Financial Officer Jesse Hill on Tuesday, August 4, 2026 at 2:00 p.m. PT / 5:00 p.m. ET. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about AGNT, Inc. and its companies. Submit questions in advance to [email protected]. Date: Tuesday, August 4, 2026 Time: 2:00 p.m. PT / 5:00 p.m. ET Location: exp.world. Join at https://exp.world/earnings Livestream: AGNT.inc/events About AGNT, Inc. Built by Agents. Built for Agents. AGNT, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty®, the most agent-centric™ real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS® Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, AGNT prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders. AGNT, Inc. uses its website, www.agntinc.com, as a means of disclosing information which may be of interest or material to its investors and for complying with disclosure obligations under Regulation FD. We intend to announce material information to the public through filings with the SEC, our website (www.agntinc.com), press releases, public conference calls, public webcasts, and the following channels: AGNT LinkedIn (linkedin.com/company/agntinc)AGNT Facebook (https://www.facebook.com/eXpWorldHoldings)AGNT Instagram (https://www.instagram.com/agnt.inc/)eXp Realty LinkedIn (https://www.linkedin.com/company/exp-realty/)eXp Realty Facebook (https://www.facebook.com/eXpRealty)eXp Realty Instagram (https://www.instagram.com/eXpRealty)eXp International LinkedIn (https://www.linkedin.com/company/exp-realty-international/)eXp International Facebook (https://www.facebook.com/expintl/)eXp International Instagram (https://www.instagram.com/exp.intl/) Accordingly, investors should monitor each of these disclosure channels. Use of Non-U.S. GAAP Financial Measures To provide investors with additional information regarding our financial results, this press release includes references to adjusted EBITDA and adjusted operating cash flow which are non-U.S. GAAP financial measures that may be different from similarly titled measures used by other companies. These measures are presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The Company’s non-U.S. GAAP financial measures provide useful information to investors about financial performance, enhance the overall understanding of past performance and future prospects, and allow for greater transparency with respect to key metrics used by management for financial and operational decision-making. These measures may also provide additional tools for investors to use in comparing core financial performance over multiple periods with other companies in the industry. Adjusted EBITDA helps the reader identify underlying trends in the business that could otherwise be masked by the effect of the expenses excluded in adjusted EBITDA. In particular, the Company believes the exclusion of agent growth incentive stock-based compensation and stock compensation expense related to business acquisitions and stock option expenses provides a useful supplemental measure in evaluating the performance of operations and provides better transparency into results of operations. The Company defines adjusted EBITDA to mean net income (loss), excluding other income (expense), net income tax benefit (expense), depreciation, amortization, impairment charges (as applicable), litigation contingency, legal costs non-recurring, stock-based compensation expense, stock option expense, and other items that are not core to the operating activities of the Company. Adjusted operating cash flow helps the reader understand the Company’s cash flow. The Company defines adjusted operating cash flow to mean net cash provided by operating activities, excluding the change in customer deposits. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current expectations, estimates, projections and assumptions about future events and financial performance and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this press release may include, but are not limited to, statements regarding: the Company’s financial outlook for the third fiscal quarter of 2026 and full year 2026, including revenue, operating expenses and Adjusted EBITDA; expectations regarding operating leverage, profitability, and cash generation; anticipated benefits from prior operational discipline initiatives; capital allocation priorities; potential growth and enhancement opportunities; international expansion; development, deployment and integration of artificial intelligence and other technology initiatives; agent productivity, attraction and retention; dividend payments; expectations regarding the integration of NextHome; and long-term shareholder value creation. The Company’s 2026 guidance and other forward-looking statements are based on assumptions and expectations as of the date of this release, including assumptions regarding housing market conditions, transaction volumes, agent count and productivity, competitive dynamics, the successful integration and operation of the NextHome franchise model and the realization of anticipated strategic benefits; macroeconomic trends, capital market conditions, regulatory environment, expense management, stock-based compensation, foreign currency impacts, and the absence of significant unforeseen events. These assumptions may prove to be incorrect. Important factors that could cause actual results to differ materially from those indicated in forward-looking statements include, but are not limited to: adverse changes in residential real estate market conditions, interest rates, consumer confidence, or broader macroeconomic factors; fluctuations in agent attraction, retention, and productivity; the Company’s ability to achieve anticipated operating efficiencies and cost management objectives; variability in stock-based compensation expense and other non-cash charges; risks related to expansion into new markets, models or international jurisdictions; the successful development, integration and adoption of AI-enabled tools and other technology initiatives; competitive pressures, including changes in commission structures or brokerage models; regulatory, tax, or legal developments, including litigation outcomes; cybersecurity incidents or technology disruptions; capital allocation decisions, including dividends or share repurchases; and the timing, structure, or completion of potential growth and enhancement opportunities, if any, and the Company’s ability to realize anticipated benefits therefrom. Forward-looking statements are not guarantees of future performance. The Company’s guidance represents management’s estimates as of the date of this release and should not be relied upon as necessarily indicative of future results. Actual results may vary materially and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Additional information regarding risks and uncertainties that could affect the Company’s results is included in the Company’s filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Additionally, there may be other risks described from time to time in the reports that the Company files with the SEC. Media Relations Contact: AGNT, Inc. [email protected] Investor Relations Contact: Denise Garcia [email protected] ________________________________1 A reconciliation of adjusted EBITDA, a non-U.S. GAAP measure, to net income (loss) and a discussion of why management believes adjusted EBITDA is useful to investors is included below.2 A reconciliation of adjusted operating cash flow, a non-U.S. GAAP measure, to net cash provided by operating activities and a discussion of why management believes adjusted operating cash flow is useful to investors is included below. (1) This includes agent growth incentive stock compensation expense and stock compensation expense related to business acquisitions. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/df640391-983a-4faa-885d-b25458df1c22
Investor releaseQuarter not tagged2026-08-04AGNT (AGNT) Reports Break-Even Earnings for Q2
Zacks
AGNT (AGNT) Reports Break-Even Earnings for Q2
AGNT (AGNT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.03, delivering a surprise of +40%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. AGNT, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $1.45 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.93%. This compares to year-ago revenues of $1.31 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. AGNT shares have lost about 54.7% since the beginning of the year versus the S&P 500's gain of 11%. While AGNT has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for AGNT was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates…Read full documentShow less
AGNT (AGNT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.03, delivering a surprise of +40%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. AGNT, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $1.45 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.93%. This compares to year-ago revenues of $1.31 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. AGNT shares have lost about 54.7% since the beginning of the year versus the S&P 500's gain of 11%. While AGNT has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for AGNT was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $1.36 billion in revenues for the coming quarter and $0.08 on $5.02 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Real Estate - Operations is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. RMR Group (RMR), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5. This real estate management services provider is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -42.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. RMR Group's revenues are expected to be $147.6 million, down 4.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AGNT, Inc. (AGNT) : Free Stock Analysis Report The RMR Group Inc. (RMR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-08-04Exp World Q2 Earnings Call Highlights
MarketBeat
Exp World Q2 Earnings Call Highlights
Interested in Exp World Holdings, Inc.? Here are five stocks we like better. Record Q2 performance: Revenue rose 11% year over year to $1.4 billion, supported by a 6% increase in agents, 12% transaction growth and higher agent productivity. Adjusted EBITDA surged 129% to $25.7 million, exceeding guidance. Growth initiatives broaden: The NextHome acquisition added roughly 4,900 agents and supports a multi-model brokerage strategy, while AI tools such as DocAI and Task Center are improving transaction and support efficiency. Outlook remains cautious: eXp maintained its 2026 revenue forecast of $4.85 billion to $5.15 billion but narrowed Adjusted EBITDA guidance to $50 million-$60 million, citing softer expected housing activity, elevated interest rates and ongoing legal costs. Exp World (NASDAQ:AGNT), formerly eXp World Holdings, reported second-quarter revenue of $1.4 billion, up 11% from a year earlier, as higher agent productivity and transaction growth helped the real estate platform deliver record quarterly revenue despite what executives described as a difficult housing backdrop. The company, which operates eXp Realty and franchise brand NextHome, said it ended the quarter with 87,338 agents, a 6% year-over-year increase. Real estate sale transactions rose 12% to more than 132,000, while transactions per agent increased 6% to 5.5. Sales volume increased 15%, according to Chief Financial Officer Jesse Hill. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control “Record revenue [was] driven by increased agent productivity,” Leo Pareja, CEO of eXp Realty, said during the company’s earnings fireside chat. “That’s not just agent counting doing the work. That’s our agents doing more and doing it better.” Gross profit rose 7% year over year to $98.8 million. The company posted operating income of $1.6 million, compared with an operating loss in the second quarter of 2025. Adjusted EBITDA totaled $25.7 million, exceeding the company’s guidance range of $17 million to $21 million and rising 129% from the prior-year period. → Financials Hit Record Highs as the AI Trade Unravels—Can They Keep Leading? Operating expenses were $97.2 million, or $200,000 above the high end of the company’s guidance range. Hill said expenses included approximately $8 million of one-time legal costs, while elevated legal costs are expected to continue through…Read full documentShow less
Interested in Exp World Holdings, Inc.? Here are five stocks we like better. Record Q2 performance: Revenue rose 11% year over year to $1.4 billion, supported by a 6% increase in agents, 12% transaction growth and higher agent productivity. Adjusted EBITDA surged 129% to $25.7 million, exceeding guidance. Growth initiatives broaden: The NextHome acquisition added roughly 4,900 agents and supports a multi-model brokerage strategy, while AI tools such as DocAI and Task Center are improving transaction and support efficiency. Outlook remains cautious: eXp maintained its 2026 revenue forecast of $4.85 billion to $5.15 billion but narrowed Adjusted EBITDA guidance to $50 million-$60 million, citing softer expected housing activity, elevated interest rates and ongoing legal costs. Exp World (NASDAQ:AGNT), formerly eXp World Holdings, reported second-quarter revenue of $1.4 billion, up 11% from a year earlier, as higher agent productivity and transaction growth helped the real estate platform deliver record quarterly revenue despite what executives described as a difficult housing backdrop. The company, which operates eXp Realty and franchise brand NextHome, said it ended the quarter with 87,338 agents, a 6% year-over-year increase. Real estate sale transactions rose 12% to more than 132,000, while transactions per agent increased 6% to 5.5. Sales volume increased 15%, according to Chief Financial Officer Jesse Hill. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control “Record revenue [was] driven by increased agent productivity,” Leo Pareja, CEO of eXp Realty, said during the company’s earnings fireside chat. “That’s not just agent counting doing the work. That’s our agents doing more and doing it better.” Gross profit rose 7% year over year to $98.8 million. The company posted operating income of $1.6 million, compared with an operating loss in the second quarter of 2025. Adjusted EBITDA totaled $25.7 million, exceeding the company’s guidance range of $17 million to $21 million and rising 129% from the prior-year period. → Financials Hit Record Highs as the AI Trade Unravels—Can They Keep Leading? Operating expenses were $97.2 million, or $200,000 above the high end of the company’s guidance range. Hill said expenses included approximately $8 million of one-time legal costs, while elevated legal costs are expected to continue through the second half of the year and are reflected in updated guidance. Cash on the balance sheet totaled $111.2 million at quarter-end, up 18% year over year. → Why Rare Earth Processing Could Be the Real 2027 Opportunity North American Realty remained the company’s largest business, reporting $1.4 billion in revenue, up 10%, and $30.7 million in Adjusted EBITDA, up 55%. International revenue grew 44% to $46.4 million. The international segment’s operating loss narrowed 57% to $1.8 million, while its Adjusted EBITDA loss improved 66% to $1.3 million. Management emphasized the strategic role of NextHome, which was acquired to complement eXp Realty’s cloud-based brokerage model with a franchise offering. The acquisition added approximately 4,900 agents, while eXp Realty’s legacy business added slightly more than 100 agents organically during the quarter, Hill said. Because NextHome is a franchise operation, its financial contribution is reported differently than eXp Realty’s traditional brokerage revenue, which is recorded at gross commission income. Hill said NextHome’s contribution was modest and represented less than 10% of the company across revenue, expenses and key metrics, but it is included in the company’s updated outlook. Pareja said the company sees an opportunity to recruit franchise operators and agents as franchise agreements come due, citing what he called the “financialization” of real estate through private-equity and public-company acquisitions. He estimated that about 400,000 agents could be affiliated with franchises that may no longer align with their preferences over the next several years. “NextHome is a complementary growth engine that unlocks multi-model reach across distinct market segments,” Pareja said. Executives also highlighted the company’s investment in an AI-focused technology platform. AGNT OS, which operates the Hub for eXp Realty agents, combines tools including group chats, SkySlope, training, marketplace services and other business functions into a single platform. Pareja said DocAI, the company’s document-review assistant, has reviewed more than 5 million documents and validated 22,000 daily uploads at a score of 100%. Task center automation increased files handled per transaction analyst by 19% year over year, while the company’s AI-enhanced customer support tools now resolve a majority of incoming chats automatically. Other tools include CARLO for advertising and signage compliance, Broker Assistant for policy and procedure support, and FastCAP, an agent-development tool whose role-play accelerator was used more than 2,800 times during the quarter. In international markets, the company is building Nexus, an operating system that includes transaction management, property search, customer relationship management, valuation and marketing tools. Founder, CEO and Chairman Glenn Sanford said the international platform was developed by a small team using AI tooling and is designed to operate across roughly 27 countries. Sanford said the company opened eight countries last year and continues to target operations in 50 countries by 2030. He added that some international markets have become profitable, even as the company continues investing in new country launches. For the third quarter, AGNT expects revenue of $1.35 billion to $1.45 billion, operating expenses of $85 million to $90 million and Adjusted EBITDA of $17 million to $22 million. For full-year 2026, the company maintained its revenue outlook of $4.85 billion to $5.15 billion. It now expects operating expenses of $355 million to $365 million and tightened its Adjusted EBITDA outlook to $50 million to $60 million. Pareja said management expects housing activity to soften into year-end amid sticky inflation, geopolitical uncertainty, bond-market pressure and elevated interest rates. He pointed to the 10-year Treasury yield reaching roughly 4.7% and the Federal Reserve maintaining its federal funds target range at 3.5% to 3.75%. “We’re controlling the controllable,” Pareja said, citing agent productivity, technology investments, operating efficiency and balance-sheet discipline. eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty's technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices. At the core of eXp World's offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Exp World Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.
TranscriptFY2026 Q22026-08-04FY2026 Q2 earnings call transcript
Earnings source - 58 paragraphs
FY2026 Q2 earnings call transcript
Afternoon. Welcome to the AGNT second quarter 2026 earnings fireside chat via live stream and our metaverse on the web, Frame. My name is Denise Garcia, and I manage investor relations for AGNT, formerly eXp World Holdings. Today, we will begin our earnings fireside chat with remarks from Leo Pareja, CEO of eXp Realty, Jesse Hill, Chief Financial Officer of AGNT, and Glenn Sanford, Founder, CEO, and Chairman of AGNT. Following our prepared remarks, we will open the call to a Q&A session with our speakers. Let's begin with a review of the forward-looking statements. There'll be a number of forward-looking statements made today that should be considered in conjunction with the cautionary statements contained in the company's SEC filings. Forward-looking statements are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements.
Please see our filings with the SEC, including our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q, for a discussion of specific risks that may affect our business, performance, and financial condition. We assume no obligation to update or revise any forward-looking statements or information. As a reminder, today's call is being recorded and a replay will also be made available on agnt.inc. For a few logistics and we'll get started.
While in Frame, if you need help, just use the Help button at the bottom right to link with tech support. Should you wish to ask a question during our presentation, you can enter your questions by scanning the QR code presented on this screen with your mobile phone or go to slido.com and type in the event code AGNT. From there, you can submit a question or vote up an existing question by giving a thumbs-up for that question to be asked. This screen will remain up on the right-hand side of the stage. I'll turn the fireside chat over to our speakers before opening the call to questions. Leo, you may begin.
Thanks, Denise. Before I get into the numbers, I just want to ground everyone in what AGNT is today. AGNT is a global operating system for modern real estate entrepreneur and a multi-model platform where independent agents, franchise owners, and team leaders all find a home built for the way they want to grow. Two models, maximum optionality. That's the thesis behind everything I'll walk through today. Which brings me how the multi-model platform actually comes together. eXp Realty remains the undisputed cloud-based leader in our industry. NextHome offers a premier franchise experience. Together, these two brands expand our agent offering and let us serve a wider segment of the market than either brand could reach alone. NextHome is a complementary growth engine that unlocks multi-model reach across distinct market segments. We have seasoned operators in both brands driving execution and aligned incentives.
We share a global referral network connecting eXp agents with NextHome franchisees worldwide, and we're consolidating back office legal technology resources, driving efficiencies across both brands. We are witnessing the financialization of the real estate industry. Across private equity and public company acquisitions, there's about 400,000 agents who find themselves at a franchise over the next couple of years they may no longer feel aligned with, and now we have an opportunity to convert entire franchises as those agreements come due. Let's look at the platform built by agents for agents actually produced this quarter. This was a record revenue quarter, and it was built on agent success. We ended the quarter with 87,338 agents, up 6% year-over-year. Transactions grew even faster. Over 132,000 real estate sale transactions, up 12% year-over-year. Revenue came in at $1.4 billion, up 11% year-over-year.
Productivity, transactions per agent was up 6%. Put simply, record revenue driven by increased agent productivity. That's not just agent counting doing the work. That's our agents doing more and doing it better, which is exactly why retention of the best agents matters so much, and that's our next slide. We continue to see our least productive cohorts churn out of the industry entirely, not just out of eXp. 67% of non-productive agents in the U.S. who left eXp actually left the industry altogether in Q2. Meanwhile, we're growing productivity with teams. 41% of new Q2 agents joined on teams, and agents on teams are 78% more productive than individual agents. Our co-sponsor program just hit a one-year anniversary. Here's what we found. Agents with a co-sponsor show 40% higher production and have 10% higher retention rate. This was a deliberate strategy.
Attract productive agents, put them in a structure that makes them more productive, and retain them. It's working. I want to shift gears and talk about how we're building the platform underneath all of this. Everything I just walked through is only possible because the platform we're building underneath it. AGNT OS brings everything an agent needs to run their business together in one place. Instead of agents juggling a dozen disconnected logins and tools, AGNT OS, which operates the Hub for eXp Realty agents, is the operating system for the agent's business. No more needing to find where to log in. All agents have to do is exprealty.com, log in as an agent, and you'll be taken to the Hub. Then they can download the Hub app to their phone. The app is available on both Apple and Android.
Group chats, text, SkySlope, My eXp University, Marketplace, and everything you need to run your business is now live directly inside the Hub. This is the foundation for our AI native platform I want to spend the rest of my time talking about. We're transforming eXp into an AI native platform. One built to give agents the tools they need to be productive and manage their business, and to increase on their own operating efficiency at the same time. And it's working. I'll share some examples from the second quarter. DocAI, our review assistant, has been trained on thousands of documents. It has now reviewed over 5 million documents and validated 22,000 daily uploads at a score of 100%. Task center automation resulted in 19% year-over-year increase in files handled per transaction analyst. Our AI enhanced expert care now resolves the majority of incoming chats automatically.
CARLO, our comprehensive advertising review logic operator to review agents' advertising and signage and log broker supervision automatically, is now deployed across residential brokerage operations with commercial in progress. Broker Assistant delivers immediate, scalable after-hour support for policies, procedures, and guidance across our state sites and eXp Hub. FastCAP, our AI-powered agent development tool, features a role-play accelerator that's been used over 2,800x this quarter for scalable on-demand skills development. While we're building AI native tools here domestically, our international business has been building its own operating system, Nexus, which I'll show on the next slide. Nexus brings every tool our international agents use into one connected system, from a project management tool that keeps every transaction on track, to our global property search platform, connecting buyers and sellers across borders in one seamless experience. This isn't six disconnected tools bolt together.
It's one system, four foundations, one identity, one data layer, one AI layer, and built to scale from day one. We're seeing the momentum we've created in our international business show up in the numbers. In the second quarter, international revenue grew 44% year-over-year, while at the same time, we cut our international operating loss by 57% year-over-year and reduced our Adjusted EBITDA loss by 66% year-over-year. This is the same pattern we're seeing domestically with AI native tooling. Give agents a better platform and the efficiency follows. Which brings me to how I'd sum up the quarter. We're controlling the controllable, and it shows. Record revenue with increased operating efficiency. We're transforming into a multi-model AI native platform that give agents the tools they need to be productive and manage their business. As I walk through, it's working.
We like our position. We're playing offense on AI and efficiency, and defense on the balance sheet. With that, I'll hand over the call to Jesse to walk through the second quarter financial results. Jesse?
Thank you, Leo. Now I'll walk us through our consolidated operational and financial highlights for the second quarter 2026, beginning on the next slide. Starting with operational metrics on a consolidated basis, we ended the quarter with over 87,000 agents, with continued low attrition among our most productive agent cohorts. Productivity per person, or PPP, was up over 6% at 5.5, while volume increased 15% for the quarter. Higher PPP drove sales transactions up 12% year-over-year, resulting in over 132,000 sales transactions in the second quarter. On the next slide, I'll walk through our second quarter financials. Starting with revenue, we generated $1.4 billion in the second quarter, up 11% year-over-year at the high end of our guidance range, despite continued pressures in the macroeconomic environment. Gross profit was $98.8 million, up 7% year-over-year.
Prior investments in technology and process improvements are strengthening both our top and bottom lines, excluding one-time items. Operating income was $1.6 million for the quarter, up 169% year-over-year compared to an operating loss position in the second quarter of 2025. Operating expenses were $97.2 million, $200,000 above the high end of our guidance range, primarily driven by one-time non-recurring costs. Adjusted EBITDA was $25.7 million for the quarter and above the high end of our guidance range of $21 million and up 129% year-over-year. Finally, we ended the quarter with $111.2 million in cash on the balance sheet, up 18% year-over-year. On the next slide, I'll walk through our financial results by segment.
The North American Realty segment continues to be our largest revenue and profit generator, with revenue of $1.4 billion for the quarter, up 10% year-over-year, and Adjusted EBITDA of $30.7 million, up 55% year-over-year. International continues to be our fastest growing segment, with revenue of $46.4 million, up 44% year-over-year. While we continue to invest in expansion, the segment posted an operating loss of $1.8 million, which was 57% improved year-over-year, and a negative Adjusted EBITDA of $1.3 million, which was 66% improved year-over-year. Our other segment contributed $0.7 million in revenue, roughly flat year-over-year, with an Adjusted EBITDA improving 92% to a loss of $0.2 million. On a consolidated basis, that's $1.4 billion in revenue, up 11%, $1.6 million in operating income, up 169%, and $25.7 million Adjusted EBITDA, up 129% year-over-year.
On the next slide, I'll review our updated outlook for 2026 and the third quarter. Looking ahead, our focus remains on innovation, efficiency, growth and agent success. We are providing our outlook for the third quarter and updating the full year 2026. Starting with the third quarter, we expect revenue in the range of $1.35 billion-$1.45 billion, expenses in the range of $85 million-$90 million, and Adjusted EBITDA in the range of $17 million-$22 million. For the year, we continue to expect revenue in the range of $4.85 billion-$5.15 billion, as productivity gains continue to be offset by a challenging macroeconomic environment. We now expect operating expenses in the range of $355 million-$365 million, and we have tightened the range of our Adjusted EBITDA guidance to $50 million-$60 million for 2026.
We intend to stay financially flexible, reserving the right to invest where we see meaningful opportunities to support our agents, strengthen our technology platform and enhance long-term shareholder value. Now I will turn the call over to Glenn to wrap it up before we open up the call to questions. Glenn.
Hey, thanks Jesse, and thanks everyone for being here. First and foremost, AGNT is the platform. It has really four businesses underneath of it. eXp Realty is still the engine. It's the most agent-centric real estate brokerage on the planet. Now we have two models. We have the eXp Realty and NextHome, which is the franchise structure for those agents or broker-owners who want to run small teams and in some cases, larger enterprises on top of it. But the agent is really still the center of the relationship and their opportunities to grow whatever size business that they want to grow. International, as you know, it's growing. It's doing very well. We added a number of countries last year, we're excited about the continued growth. One of our stated goals is to be in 50 countries by 2030.
We think that that's a realistic goal. We expect that our continued investments will get us into new countries fairly rapidly. If you look at countries like Peru, Ecuador, especially South America, of course we've got our first eXp Con taking place in Colombia next year. We're making big investments in that. Of course, Frame is the platform that we're in right now. It continues to literally create the communication and collaboration layer for the entire enterprise. You can think about the idea that we have almost 90,000 people, actually over 90,000 when you think about staff and other people that use the platform, that turn to Frame on a regular basis to collaborate with our overall enterprise. Success, it's a cultural and training layer. SUCCESS Coaching has now had over 100 people go through our Success certified coaching platform.
We just relaunched that this year. With Matthew and Kristen very continuous serve in larger leadership roles at Success, we're excited about how that continues to roll out for the balance of the year. Today, I'm happy to announce that Amy Cosper has joined us as editor in chief for SUCCESS Magazine as well. As we move toward 2027, we also have a bulk app and magazine subscription that we're going to be offering. We're already starting to offer to other large enterprises, but we're excited about the work that this team is doing to really create some real opportunities in the SUCCESS Magazine ecosystem. One thing that I've talked about over time is the single thread leader model, but I want to start to think about it as the AI enhanced leadership model.
Originally we were talking about agile org design, agile scale, aligned teams, now all of our staff have access to at least one enterprise AI in their day-to-day work. This has really allowed us to build things like our Hub, build things like our DocAI, where we're using AI to not just read things in an OCR fashion, but to actually be opinionated about the things that it's advising the company on. With the models improving the way they are, we're just in the early stages of seeing where AI can take us over the next few years. Obviously, we invented the cloud-based model back in 2009. Our competitors generally are still tethered to legacy offices, commission structures, and software and hardware stack that take years to move, if they can even move off of them.
We've had none of that to work around since we've been on the cloud since 2009. We actually invented the term cloud-based brokerage. We've been distributed and technology focused from day one, so AI's been a more natural transition given our infrastructure. We've talked a little bit about eXp Hub. We've got AI co-pilots for agent workflow. We've got a listing intelligence platform that we're continuing to build out. We now have an app store marketplace that was enabled because we built our entire replacement for Workplace by Facebook, given it went away. Now we've got the most robust communication platform that is not tied to a SaaS contract. Really, this goes back to the idea that the name change really wasn't cosmetic.
We referred, obviously, to eXp Realty as the most agent-centric real estate brokerage. We've made AGNT platform much more overt, and that's a moat we continue to invest in. With that, I'll turn it back to Denise for Q&A.
Thanks, Glenn. We pick it off with a question for each of our speakers before we turn the call to the analysts and ask their questions. Leo, can you give us an update on the macro and what you're expecting in the second half of 2026?
Thanks, Denise. The back half of 2026 is looking to have continued uncertainty from several macro factors. We have sticky inflation, conflict in the Middle East, and as of last week, a very strong emphasis on the weakening of the Japanese yen. This certainly is translated into bond market pressure with a 10-year Treasury yielding climbing to its highest level since January of 2025, roughly touching 4.7%. Last week, the Fed held its federal funds between three and a half and three quarters, signaling their ongoing concerns around inflation, geopolitical uncertainty. A weak Japanese yen is adding to the bond market pressure. We saw last Friday the U.S. Treasury step in to support Japan's weakening position.
Altogether, Fed's holding on rates, Middle Eastern driven energy and inflation pressure in the bond market, pricing shifts, all point to the back half of 2026 housing activity to track softer to year end.
All right. Thanks, Leo. Jesse, one for you. You just had a record quarter despite a challenging backdrop. What drove the second quarter?
Yeah, thanks, Denise. We mentioned our over 87,000 agent count. What's more important, we mention this nearly every quarter, is productive agents. We call that our PPP, our productivity per person, improved 6% year-over-year to 5.5 in Q2. Across our sizable agent base, even incremental improvements in agent productivity can result in outsized gains across the overall brokerage. We saw that translate into 15% increase in sales volume in Q2. Sales volume, of course, drives our revenue in the form of Gross Commission Income. Just one other thing to add to this, along the same talk track, actually. We saw a gain in market share. Our U.S. brokerage in Q2 gained 3% in market share relative to the total U.S. real estate market.
We're proud of our record revenue quarter, we're also happy to see gaining market share in the quarter as well.
One for you, Glenn. Can you speak to some of the initiatives in international that drove growth there?
Well, not the least of it is that last year we opened up eight new countries, a lot of those countries are actually growing quite quickly. Congratulations to everybody on the international team for the hard work that they're doing. We just finished eXp Con International in Paris just a few weeks ago. Well attended by agents from all over the world. The enthusiasm for the eXp model around the world is very tangible, and it definitely was on full display. Things like our co-sponsorship program or international sponsorship program is working really well, where agents can work with in-country agents to bring on the agents that they're looking to attract to the eXp model. Obviously, the legacy brokerage models internationally are even further behind than the domestic U.S. and Canadian-based brokerages. Still a lot of brokerages that are 50/50 splits with their agents, no caps.
Our model is much more agent-oriented, and the commission splits definitely are appealing. Our worldwide model that's now backed by platforms like LYVVE, and its ability to basically act as a worldwide portal for eXp listings in all countries that we operate in. Last year, we started on a lab experiment in international to build out Nexus. I remember when Felix started to build that out, and it's truly become an AI operating system for all of the international countries, providing things like CRM, valuation tools, marketing tools, transaction management tools. The platform that was built was built by a very small number of people using AI as the tooling infrastructure. We're really talking about less than about four people overall, four or five people overall, building the Nexus operating system.
They're able to build at scale for 27-ish countries around the world, multi-language, multimodal, along with the LYVVE platform. International is running very lean. We'll continue to run lean. Of course, we're seeing a number of countries now turn profitable as we continue to invest in new countries, which we'll likely have more countries toward the end of the year announced and either launched or opening up in early 2027. It's really been a big team effort that's really driven that international growth, but it's going very well.
Thanks, Glenn. Just as a reminder for the audience, if you'd like to ask a question, you can go to slido.com and enter the event code AGNT, A-G-N-T, and ask a question there. Or you can use the QR code on your mobile device and ask a question in Slido that way. For now, I'll go to the analysts on the stage that are joining us here. Tom White from D.A. Davidson, you can go ahead.
Great. Thanks, Denise. Good evening, everyone. A couple, if I could. I guess just on agent count, I think you said up 6%. What was that kind of excluding NextHome? If I remember, NextHome had, I think, roughly 5,000 agents, it was kind of the legacy business, flattish, and maybe you can also just call out the impact of NextHome on revenues in the quarter.
Sure. I can take that one, Tom. Thank you for the question. We shared, I believe previously, the NextHome acquisition actually resulted in approximately 4,900 agents. You're correct. It's a modest growth in the organic business in Q2, but we did see some growth there, in our own brokerage, 4,900 from NextHome, then a little over 100 organic. For the second part of your question, sorry, can you remind me?
Oh, just maybe help quantify what the contribution of NextHome did to reported revenue in the quarter.
Right. Got it. With NextHome, it's important to point out that it's a franchise model, we're not recording revenue in the same way. I'm explaining this for the full audience, Tom, I think you know this. We're not reporting revenue in the same way as we do our traditional U.S. brokerage, which records revenue at Gross Commission Income. NextHome is the franchise model, and we get revenue there in different ways, franchise fees notably. It'll be smaller, more modest contribution, especially in the shorter term with NextHome. That one's more of a strategic bolt-on to create the on-ramp for the multimodal sort of approach that we're taking this year and going forward into the future to create multiple options for agents. Modest contribution to our revenue in Q2 and in the updated guidance. Short answer for you.
Okay. That's great. Leo, the AI native brokerage slide I thought was interesting. I'm curious whether any of those AI innovations that you talked about have started to displace any kind of legacy, maybe SaaS products, that you guys had historically been paying for, and curious whether does that mean that there's kind of a cost-saving opportunity from you guys going forward? Or is it just about AI helping everyone be more efficient?
Yeah, I think it's all the above, Tom, absolutely. Meta gave us notice 18 months ago that we were no longer going to have access to Workplace. We shifted over to Salesforce Slack product, the agents really had a wanting of the previous enterprise feeling, we really were able to build it ground up very quickly because of the AI software writing ability, now it's super tailor-made for us. Not only from an experience standpoint, but also on the financial result. Yes, when people think of AI, I think the real lift is on businesses of scale that do repetitive behavior like we do. DocAI gives us the ability to actually meaningfully impact the workflow, versus these kind of very aspirational agent tech workflows that people pontificate on LinkedIn and other places. This actually has meaningful impact into our daily life.
I actually made a post on social media two hours ago, randomly enough, where I instructed agents to pull out their credit card bill and see all of the SaaS stuff they pay for on a recurring basis. SaaS could also just be a marketing MarTech thing that they do on a monthly basis, that now could be replaced by a Claude skill. Right? I think the whole world is going through, "What am I paying for? How does this add meaningful activity?" I think there's more than one way of looking at it, not of just purely, "I'm going to replace Trello," but more like, "Hey, I'm paying for it in automation," and it could be as simple as Claude Cowork can actually go into your email at noon and pull a list of all the things you need to do.
I'm always pragmatically skeptical of everything, it's show me and let's continue to push the envelope and keep moving forward.
Great. Maybe just one last one from me, then I'll get back in the queue. Jesse, just on operating expenses, they ticked up, I think, $8.5 million-ish or so versus the first quarter. Is that the level that we should sort of think about for the next couple of quarters, or maybe there was something kind of one-time-ish related to NextHome coming on board there? Just any kind of forward color on OpEx?
Thank you, Tom. We did hit the right end of our bookend, actually $200K over on that, we're watching it very diligently. You are correct, though. There are actually two one-times, in legal in particular. We note them in the Q, that total to approximately $8 million. You're asking about the forward look. I would say, use the guidance that we're providing. We tightened actually even the bookends on our OpEx guidance for the back half of the year. We want to make sure that we're sharing that as transparently as possible and sharing what our modeling is showing with you all. We do see heightened legal costs continuing in the back half also, and that's reflected in the guidance.
Thank you very much. Appreciate it.
Now I'll go to Matt Filek from William Blair. Matt, if you'd like to ask a question, you can.
Thank you, Denise, and good evening, everyone. You have Matt Filek on for Steven Sheldon. Appreciate the time. Somewhat related to Tom's first question, can you provide some more detail on how Next Home factors into the revised guidance? You delivered a pretty sizable Adjusted EBITDA beat during the quarter, you narrowed the full-year Adjusted EBITDA range. Just trying to understand how that all pieces together.
I can take that one. Actually glad for the double-take. I regretted not explaining it a little bit further in detail. We have revised the guidance. It now includes Next Home. I'll say there's hundreds of puts and takes into our internal modeling, right? We did a lot of updates, we held the bookends on top line revenue, which is probably a part of what you're getting at. Next Home now is included. When we say modest, we mean sub 10%, and you can think about that across categories, revenue, expense, key metrics. Next Home is currently less than 10% of our business. I look forward to the day where it grows beyond that and we actually have to break it out and report it separately. I'll keep it to that high level for now. It's sub 10% to the contribution.
It is reflected in the forward guidance, but it's not material to the overall business.
Jesse, just as a quick follow-up to that, anything you can share about NextHome in terms of profitability?
We're not breaking that out at this point in time. Leo, maybe do you want to take it from the strategic play that we're going with NextHome and the multimodal approach?
Matt, I'm not sure that you're asking this, but this is the question Jesse lobbed over to me. When we look at the financialization we're witnessing, you've had private equity and public companies come together and now be multi-brand. We see a huge opportunity with upwards of 400,000 agents in franchises that may be now curious as their franchise agreements come due. That NextHome acquisition was really important as a platform so we can now compete in the space that we think is going to be ripe for opportunity. As Jesse commented earlier, the gross margin in that business is a completely different profile.
As right now, it's not adding meaningfully to the contribution, but we see that as a huge green shoot opportunity for both margin expansion, revenue expansion, and all of the opportunities that you can always click down on, Matt.
That's helpful, Leo. Thank you for that additional color. I'll switch gears for my last one. In the past, you've talked about using AI to reduce the cost of processing transactions. Was just trying to get a read on what inning you would say you're in with those efforts, trying to understand how much opportunity may remain there.
Yeah, I think the whole world is trying to solve that. I definitely think directionally, there's still way more opportunity. As every day the models get stronger and better, there's also ways of improving the process. I would say we're nowhere near to completely maximizing that opportunity.
Okay. Very helpful. Thank you, Leo and team. I'll jump back in the queue.
All right. We have no further questions from the audience. This concludes our second quarter earnings call. Thank you for joining. As always, stay up to date via our website, agnt.inc, for the latest updates on news, results, and events. You can find a recording of this call and our latest investor presentation there, too. Thank you all for your time.
Thanks, everyone.
Thank you, everyone.
Investor releaseQuarter not tagged2026-07-30Colliers International (CIGI) Q2 Earnings and Revenues Surpass Estimates
Zacks
Colliers International (CIGI) Q2 Earnings and Revenues Surpass Estimates
Colliers International (CIGI) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.24%. A quarter ago, it was expected that this commercial real estate services provider would post earnings of $0.92 per share when it actually produced earnings of $0.91, delivering a surprise of -1.09%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Colliers International, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $1.57 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.04%. This compares to year-ago revenues of $1.35 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Colliers International shares have lost about 31.2% since the beginning of the year versus the S&P 500's gain of 6.9%. While Colliers International has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Colliers International was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in t…Read full documentShow less
Colliers International (CIGI) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.24%. A quarter ago, it was expected that this commercial real estate services provider would post earnings of $0.92 per share when it actually produced earnings of $0.91, delivering a surprise of -1.09%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Colliers International, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $1.57 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.04%. This compares to year-ago revenues of $1.35 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Colliers International shares have lost about 31.2% since the beginning of the year versus the S&P 500's gain of 6.9%. While Colliers International has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Colliers International was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.02 on $1.7 billion in revenues for the coming quarter and $7.48 on $6.4 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Real Estate - Operations is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, AGNT (AGNT), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4. This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. AGNT's revenues are expected to be $1.41 billion, up 7.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Colliers International Group Inc. (CIGI) : Free Stock Analysis Report AGNT, Inc. (AGNT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-28eXp Realty Agent Jonathan Klunk Helps Bring Colonel Sanders’ Former Home and Original KFC Headquarters to Auction
GlobeNewswire
eXp Realty Agent Jonathan Klunk Helps Bring Colonel Sanders’ Former Home and Original KFC Headquarters to Auction
Historic Kentucky offering includes Blackwood Hall, Claudia Sanders Dinner House, an operating hospitality business and more than 100 personal Colonel Sanders artifacts BELLINGHAM, Wash., July 28, 2026 (GLOBE NEWSWIRE) -- eXp Realty®, the most agent-centric™ real estate brokerage on the planet and the core subsidiary of AGNT, Inc. (Nasdaq: AGNT), today announced that eXp Realty agent and licensed auctioneer Jonathan Klunk is helping lead the auction of Blackwood Hall and the Claudia Sanders Dinner House in Shelbyville, Kentucky. The offering brings together approximately 3.03 acres of commercial real estate, Colonel Harland Sanders’ former home, the operating restaurant and event business, furniture, fixtures and equipment, intellectual property, trademark rights, goodwill and associated business assets. Blackwood Hall was built in 1866 and later became the home of Colonel Sanders and his wife, Claudia. Its original garage served as an early headquarters for Kentucky Fried Chicken, while the home’s kitchen became a training ground for early franchise owners. Sanders taught operators how to carve, bread and pressure-fry chicken, while Claudia trained them in hospitality. The adjacent Claudia Sanders Dinner House includes approximately 25,000 square feet of hospitality space, a 4,000-square-foot commercial kitchen, and dining/event capacity for approximately 700 guests. The restaurant remains open throughout the sale process. “Jonathan recognized that a property with this much history could not be marketed from a conventional playbook,” said Leo Pareja, CEO of eXp Realty. “He’s combining real estate expertise, auction strategy, and storytelling to create a global event around a distinctly American landmark. That entrepreneurial thinking is exactly what we want eXp agents to bring to their clients.” Klunk first became involved with the property approximately five years ago. Since then, he has expanded his real estate practice by becoming a licensed auctioneer, giving him an additional way to market complex properties with limited buyer pools and few conventional comparisons. “You have to be the evangelist and the storyteller for these properties and get as many eyeballs on them as possible,” said Klunk. “You can’t just count on the listing description to do that for you.” Klunk is working alongside Morgan Hancock Lewis of Six Degrees Real Estate and Bill Menish…Read full documentShow less
Historic Kentucky offering includes Blackwood Hall, Claudia Sanders Dinner House, an operating hospitality business and more than 100 personal Colonel Sanders artifacts BELLINGHAM, Wash., July 28, 2026 (GLOBE NEWSWIRE) -- eXp Realty®, the most agent-centric™ real estate brokerage on the planet and the core subsidiary of AGNT, Inc. (Nasdaq: AGNT), today announced that eXp Realty agent and licensed auctioneer Jonathan Klunk is helping lead the auction of Blackwood Hall and the Claudia Sanders Dinner House in Shelbyville, Kentucky. The offering brings together approximately 3.03 acres of commercial real estate, Colonel Harland Sanders’ former home, the operating restaurant and event business, furniture, fixtures and equipment, intellectual property, trademark rights, goodwill and associated business assets. Blackwood Hall was built in 1866 and later became the home of Colonel Sanders and his wife, Claudia. Its original garage served as an early headquarters for Kentucky Fried Chicken, while the home’s kitchen became a training ground for early franchise owners. Sanders taught operators how to carve, bread and pressure-fry chicken, while Claudia trained them in hospitality. The adjacent Claudia Sanders Dinner House includes approximately 25,000 square feet of hospitality space, a 4,000-square-foot commercial kitchen, and dining/event capacity for approximately 700 guests. The restaurant remains open throughout the sale process. “Jonathan recognized that a property with this much history could not be marketed from a conventional playbook,” said Leo Pareja, CEO of eXp Realty. “He’s combining real estate expertise, auction strategy, and storytelling to create a global event around a distinctly American landmark. That entrepreneurial thinking is exactly what we want eXp agents to bring to their clients.” Klunk first became involved with the property approximately five years ago. Since then, he has expanded his real estate practice by becoming a licensed auctioneer, giving him an additional way to market complex properties with limited buyer pools and few conventional comparisons. “You have to be the evangelist and the storyteller for these properties and get as many eyeballs on them as possible,” said Klunk. “You can’t just count on the listing description to do that for you.” Klunk is working alongside Morgan Hancock Lewis of Six Degrees Real Estate and Bill Menish, lead auctioneer with The Menish Group Auction & Real Estate. The real estate and operating business are being offered through a confidential sealed-bid auction. Offers are due by 11:59 p.m. ET on July 31, 2026. The sellers may accept, counter, or reject any submission. A separate live and globally syndicated auction will offer more than 100 personal Colonel Sanders artifacts across approximately 60 lots. The collection has been preserved by the Settle family since Tommy and Cherry Settle purchased the property directly from Colonel and Claudia Sanders on August 1, 1974. Featured items include Sanders’ working day planner, an engraved pressure cooker, carving knives, Masonic jewelry, watches, personal photographs, business documents, and his original Kentucky Colonel certificate. The planner contains handwritten notes about Sanders’ daily life, business appearances, travel, and recipes. One page lists exactly 11 herbs and spices and became the subject of legal proceedings involving KFC in 2001. The auction team makes no claim that the list is KFC’s Original Recipe. The memorabilia auction will begin at 6 p.m. EDT on July 28 at the Claudia Sanders Dinner House. Qualified bidders may participate in person or compete online from anywhere in the world. Additional auction information, property materials and bidder registration are available at ClaudiaSandersAuction.com. References in this release to KFC, Kentucky Fried Chicken, and the Colonel Sanders story are historical and descriptive only. Neither eXp Realty nor AGNT, Inc. are affiliated with, sponsored by, or endorsed by YUM! Brands, Inc. or KFC, and no such affiliation, sponsorship, or endorsement should be inferred. eXp Realty and AGNT, Inc. make no representations or warranties regarding the property, the operating business, the artifacts, or the outcome of the auction. The sealed-bid real estate auction and the memorabilia auction are subject to the applicable auction terms and conditions available at ClaudiaSandersAuction.com. About AGNT, Inc. (AGNT)Built by Agents. Built for Agents. AGNT, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty®, the most agent-centric™ real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS® Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, AGNT prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders. Safe Harbor and Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, the anticipated timing, structure and conduct of the sealed-bid real estate and business auction and the memorabilia auction described above, and any potential benefits to eXp Realty’s brand associated with Jonathan Klunk’s participation. They involve known and unknown risks and uncertainties that could cause actual results to differ materially, including but not limited to: the auctions or any related transaction may be delayed, modified, or not completed; the sellers may accept, counter, or reject any bid or determine not to sell; actual sale terms, timing, and results may differ from those anticipated; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact:AGNT, [email protected] Investor Relations Contact:Denise [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf5c89b6-0dca-417b-a009-c9123cd65362
Investor releaseQuarter not tagged2026-07-14AGNT, Inc. to Announce Second Quarter 2026 Results on August 4, 2026
GlobeNewswire
AGNT, Inc. to Announce Second Quarter 2026 Results on August 4, 2026
Management to discuss second quarter 2026 results and host investor Q&A at virtual event AGNT, Inc. to Announce Second Quarter 2026 Results on August 4, 2026 BELLINGHAM, Wash., July 14, 2026 (GLOBE NEWSWIRE) -- AGNT, Inc. (Nasdaq: AGNT), the holding company for eXp Realty®, NextHome, Inc., FrameVR.io and SUCCESS® Enterprises, today announced it expects to report its second quarter 2026 financial results on Tuesday, August 4, 2026. The Company will hold a virtual fireside chat and investor Q&A on Tuesday, August 4, 2026 at 2 p.m. PT / 5 p.m. ET hosted by: Glenn Sanford, Founder, Chairman and CEO, AGNT, Inc. Leo Pareja, CEO, eXp Realty, LLC Jesse Hill, Chief Financial Officer, AGNT, Inc. The investor Q&A is open to investors, current stockholders and anyone interested in learning more about AGNT and its companies. Submit questions in advance to [email protected]. Second Quarter 2026 Investor Q&A Date: Tuesday, August 4, 2026 Time: 2 p.m. PT / 5 p.m. ET Location: exp.world. Join at https://exp.world/earnings Livestream: https://www.agnt.inc/events-and-presentations About AGNT, Inc. Built by Agents. Built for Agents. AGNT, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty®, the most agent-centric™ real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS® Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, AGNT prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders. AGNT, Inc. uses its website, www.agntinc.com, as a means of disclosing information which may be of interest or material to its investors and for complying with disclosure obligations under Regulation FD. We intend to announce material information to the public through filings with the Securities and Exchange Commission, our website (www.agntinc.com), press releases, public conference calls, public webcasts, and the following channels: AGNT LinkedIn (linkedin.com/company/agntinc) AGNT Facebook (https://www.facebook.com/eXpWorldHoldings) AGNT Instagram (htt…Read full documentShow less
Management to discuss second quarter 2026 results and host investor Q&A at virtual event AGNT, Inc. to Announce Second Quarter 2026 Results on August 4, 2026 BELLINGHAM, Wash., July 14, 2026 (GLOBE NEWSWIRE) -- AGNT, Inc. (Nasdaq: AGNT), the holding company for eXp Realty®, NextHome, Inc., FrameVR.io and SUCCESS® Enterprises, today announced it expects to report its second quarter 2026 financial results on Tuesday, August 4, 2026. The Company will hold a virtual fireside chat and investor Q&A on Tuesday, August 4, 2026 at 2 p.m. PT / 5 p.m. ET hosted by: Glenn Sanford, Founder, Chairman and CEO, AGNT, Inc. Leo Pareja, CEO, eXp Realty, LLC Jesse Hill, Chief Financial Officer, AGNT, Inc. The investor Q&A is open to investors, current stockholders and anyone interested in learning more about AGNT and its companies. Submit questions in advance to [email protected]. Second Quarter 2026 Investor Q&A Date: Tuesday, August 4, 2026 Time: 2 p.m. PT / 5 p.m. ET Location: exp.world. Join at https://exp.world/earnings Livestream: https://www.agnt.inc/events-and-presentations About AGNT, Inc. Built by Agents. Built for Agents. AGNT, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty®, the most agent-centric™ real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS® Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, AGNT prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders. AGNT, Inc. uses its website, www.agntinc.com, as a means of disclosing information which may be of interest or material to its investors and for complying with disclosure obligations under Regulation FD. We intend to announce material information to the public through filings with the Securities and Exchange Commission, our website (www.agntinc.com), press releases, public conference calls, public webcasts, and the following channels: AGNT LinkedIn (linkedin.com/company/agntinc) AGNT Facebook (https://www.facebook.com/eXpWorldHoldings) AGNT Instagram (https://www.instagram.com/agnt.inc/) eXp Realty LinkedIn (https://www.linkedin.com/company/exp-realty/) eXp Realty Facebook (https://www.facebook.com/eXpRealty) eXp Realty Instagram (https://www.instagram.com/eXpRealty) eXp International LinkedIn (https://www.linkedin.com/company/exp-realty-international/) eXp International Facebook (https://www.facebook.com/expintl/) eXp International Instagram (https://www.instagram.com/exp.intl/) Accordingly, investors should monitor each of these disclosure channels. Media Relations Contact:AGNT, [email protected] Investor Relations Contact:Denise [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/043ce414-4480-47c7-9811-edc241094454
Investor releaseQuarter not tagged2026-05-19eXp World Holdings Inc (AGNT) Q1 2026 Earnings Call Highlights: Strong International Growth and ...
GuruFocus.com
eXp World Holdings Inc (AGNT) Q1 2026 Earnings Call Highlights: Strong International Growth and ...
This article first appeared on GuruFocus. Release Date: May 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. International revenue increased by 27% year-over-year, reaching $40.2 million, driven by a strong group of international agents. The company ended the quarter with over 82,000 agents, marking a 5% year-over-year increase in revenue and a 2% increase in real estate transactions. The acquisition of NextHome adds a proven scalable franchise model with over 500 franchisees and approximately 4,900 agents, enhancing eXp's growth potential. eXp World Holdings Inc (NASDAQ:AGNT) reported a 5% year-over-year increase in revenue, surpassing the high end of their guidance range, despite a challenging macroeconomic environment. The company improved its operating loss by 15% year-over-year, driven by cost-saving initiatives implemented in 2025. The company reported an operating loss of $8.8 million for the quarter, although this was an improvement from the previous year. There is growing uncertainty and a tightening macroeconomic environment, which may impact future performance. The full-year guidance was reiterated due to limited visibility into the second half of the year, indicating potential challenges ahead. The integration of NextHome is expected to have a modest financial contribution in the near term, suggesting limited immediate impact on overall results. Agent Net Promoter Score (NPS) stepped down slightly sequentially, indicating potential areas for improvement in agent satisfaction. Warning! GuruFocus has detected 3 Warning Signs with AGNT. Is AGNT fairly valued? Test your thesis with our free DCF calculator. Q: Can you speak to how adding an award-winning franchise model like NextHome complements our core cloud brokerage? Specifically, how does this multi-model approach allow us to capture a broader segment of the market that was previously out of reach? A: Adding NextHome gives us an advantage because we can now attract independent brokers and franchises coming off of their franchise agreements. This multi-model approach allows us to capture a broader segment of the market that was previously out of reach, providing optionality and a new lane for growth. Q: With the integration of NextHome, the financial mix of the company is evolving. Can you discuss how NextHome's model differs from EXP's…Read full documentShow less
This article first appeared on GuruFocus. Release Date: May 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. International revenue increased by 27% year-over-year, reaching $40.2 million, driven by a strong group of international agents. The company ended the quarter with over 82,000 agents, marking a 5% year-over-year increase in revenue and a 2% increase in real estate transactions. The acquisition of NextHome adds a proven scalable franchise model with over 500 franchisees and approximately 4,900 agents, enhancing eXp's growth potential. eXp World Holdings Inc (NASDAQ:AGNT) reported a 5% year-over-year increase in revenue, surpassing the high end of their guidance range, despite a challenging macroeconomic environment. The company improved its operating loss by 15% year-over-year, driven by cost-saving initiatives implemented in 2025. The company reported an operating loss of $8.8 million for the quarter, although this was an improvement from the previous year. There is growing uncertainty and a tightening macroeconomic environment, which may impact future performance. The full-year guidance was reiterated due to limited visibility into the second half of the year, indicating potential challenges ahead. The integration of NextHome is expected to have a modest financial contribution in the near term, suggesting limited immediate impact on overall results. Agent Net Promoter Score (NPS) stepped down slightly sequentially, indicating potential areas for improvement in agent satisfaction. Warning! GuruFocus has detected 3 Warning Signs with AGNT. Is AGNT fairly valued? Test your thesis with our free DCF calculator. Q: Can you speak to how adding an award-winning franchise model like NextHome complements our core cloud brokerage? Specifically, how does this multi-model approach allow us to capture a broader segment of the market that was previously out of reach? A: Adding NextHome gives us an advantage because we can now attract independent brokers and franchises coming off of their franchise agreements. This multi-model approach allows us to capture a broader segment of the market that was previously out of reach, providing optionality and a new lane for growth. Q: With the integration of NextHome, the financial mix of the company is evolving. Can you discuss how NextHome's model differs from EXP's core cloud-based brokerage model? A: NextHome's model offers predictable recurring revenue over multi-year contracts and typically has higher gross margins due to its asset-light nature. This complements EXP's cloud-based model by providing an on-ramp to large opportunities and expanded margins as it scales. Q: How do you see personal development and success impacting EXP? A: Personal development is fundamental to EXP's philosophy. Success has been a part of this for 129 years, and by exposing agents to better thinking and operating methods, it raises the consciousness of the organization. This alignment and shared vocabulary enhance the overall effectiveness of our agents. Q: Can you discuss the strategic rationale behind the timing of the NextHome acquisition and its potential impact on future growth? A: The timing aligns with industry dynamics where legacy companies are contracting, creating opportunities for growth. NextHome is a young, growing franchise system, and its acquisition positions us to capitalize on these opportunities, providing a chassis for future growth and market share expansion. Q: What is the expected contribution of NextHome to EXP's financials this year? A: NextHome's financial contribution will be modest in the near term, as it is more of a strategic addition. Its impact is not currently included in our full-year guidance, but we will evaluate its contribution as we fully incorporate it in Q2. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Investor releaseQuarter not tagged2026-05-14Analyst Estimates: Here's What Brokers Think Of eXp World Holdings, Inc. (NASDAQ:AGNT) After Its First-Quarter Report
Simply Wall St.
Analyst Estimates: Here's What Brokers Think Of eXp World Holdings, Inc. (NASDAQ:AGNT) After Its First-Quarter Report
As you might know, eXp World Holdings, Inc. (NASDAQ:AGNT) just kicked off its latest first-quarter results with some very strong numbers. Results overall were solid, with revenues arriving 3.5% better than analyst forecasts at US$1.0b. Higher revenues also resulted in substantially lower statutory losses which, at US$0.03 per share, were 3.5% smaller than the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on eXp World Holdings after the latest results. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. After the latest results, the three analysts covering eXp World Holdings are now predicting revenues of US$5.00b in 2026. If met, this would reflect a satisfactory 3.7% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with eXp World Holdings forecast to report a statutory profit of US$0.0033 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$4.97b and earnings per share (EPS) of US$0.06 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates. See our latest analysis for eXp World Holdings It might be a surprise to learn that the consensus price target was broadly unchanged at US$9.13, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic eXp World Holdings analyst has a price target of US$10.25 per share, while the most pessimistic values it at US$8.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a stron…Read full documentShow less
As you might know, eXp World Holdings, Inc. (NASDAQ:AGNT) just kicked off its latest first-quarter results with some very strong numbers. Results overall were solid, with revenues arriving 3.5% better than analyst forecasts at US$1.0b. Higher revenues also resulted in substantially lower statutory losses which, at US$0.03 per share, were 3.5% smaller than the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on eXp World Holdings after the latest results. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. After the latest results, the three analysts covering eXp World Holdings are now predicting revenues of US$5.00b in 2026. If met, this would reflect a satisfactory 3.7% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with eXp World Holdings forecast to report a statutory profit of US$0.0033 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$4.97b and earnings per share (EPS) of US$0.06 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates. See our latest analysis for eXp World Holdings It might be a surprise to learn that the consensus price target was broadly unchanged at US$9.13, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic eXp World Holdings analyst has a price target of US$10.25 per share, while the most pessimistic values it at US$8.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the eXp World Holdings' past performance and to peers in the same industry. We would highlight that eXp World Holdings' revenue growth is expected to slow, with the forecast 5.0% annualised growth rate until the end of 2026 being well below the historical 7.7% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 9.3% per year. Factoring in the forecast slowdown in growth, it seems obvious that eXp World Holdings is also expected to grow slower than other industry participants. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for eXp World Holdings. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that eXp World Holdings' revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple eXp World Holdings analysts - going out to 2027, and you can see them free on our platform here. However, before you get too enthused, we've discovered 1 warning sign for eXp World Holdings that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Investor releaseQuarter not tagged2026-05-13eXp World (EXPI) To Report Earnings Tomorrow: Here Is What To Expect
StockStory
eXp World (EXPI) To Report Earnings Tomorrow: Here Is What To Expect
Real estate technology company eXp World (NASDAQ:EXPI) will be reporting results this Monday before market hours. Here’s what to expect. eXp World beat analysts’ revenue expectations last quarter, reporting revenues of $1.19 billion, up 8.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates. Is eXp World a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting eXp World’s revenue to grow 1.9% year on year, in line with the 1.3% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. eXp World has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at eXp World’s peers in the consumer discretionary - real estate services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Marcus & Millichap delivered year-on-year revenue growth of 18.2%, beating analysts’ expectations by 5.7%, and CBRE reported revenues up 18.2%, topping estimates by 2.5%. Marcus & Millichap traded up 1.9% following the results while CBRE was down 3.4%. Read our full analysis of Marcus & Millichap’s results here and CBRE’s results here. There has been positive sentiment among investors in the consumer discretionary - real estate services segment, with share prices up 5% on average over the last month. eXp World is up 14.5% during the same time and is heading into earnings with an average analyst price target of $9.50 (compared to the current share price of $6.76). ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
TranscriptFY2026 Q12026-05-11FY2026 Q1 earnings call transcript
Earnings source - 34 paragraphs
FY2026 Q1 earnings call transcript
Activity drove more agents to reach their cap in Q1, resulting in a gross profit of $75.3 million. Operating loss of $8.8 million for the quarter improved 15% year-over-year from a loss of $10.4 million last year, primarily driven by improvements we made to streamline our operations in 2025. Adjusted EBITDA was $4.1 million for the first quarter and above the midpoint of our guidance range of $2 million-$5 million, an increase of 88% over Q1 2025. Operating expenses were $84.1 million at the midpoint of our guidance range in the first quarter. Finally, we increased our cash position 6% year-over-year, ending the quarter with $122 million in cash on the balance sheet.
On the next slide, I'll walk us through our financial results by segment for the quarter. The North America Realty segment continues to be the largest revenue and profit generator for the company, with revenue of $965.1 million for the first quarter and $10 million in Adjusted EBITDA, a 29% year-over-year increase as we begin to realize the benefit of cost saving initiatives we put in place last year. International continues to be our fastest growing segment, increasing 27% in Q1 while we continue to invest in community building activities like eXpcon Cape Town, as Leo mentioned previously. We continue to reduce operating expenses in North America Realty and other affiliated services segments as we realize the benefit of initiatives we put into place to streamline operations across both segments in 2025.
On the next slide, I'll review our updated outlook for 2026 and the second quarter. Looking ahead, we remain focused on maintaining our financial discipline to drive sustainable, profitable growth. We are providing our outlook for the second quarter and full year 2026. Starting with the second quarter, we expect revenue in the range of $1.36 billion-$1.45 billion, expenses in the range of $93 million-$97 million, and Adjusted EBITDA in the range of $16 million-$21 million. For the year, we are reiterating our outlook with revenue in the range of $4.85 billion-$5.15 billion, operating expenses in the range of $325 million-$345 million, and Adjusted EBITDA in the range of $50 million-$75 million for 2026.
We are encouraged by our strong performance as we head into Q2. However, we are aware of the growing uncertainty and tightening macroeconomic environment. This, coupled with less visibility into the second half, has led us to reiterate our full year guidance at this time. In light of this limited visibility, we believe it's prudent to reiterate the full year guidance and reassess our outlook at the midpoint of the year. Along the same time, we will continue to stay financially flexible, reserve the right to invest where we see meaningful opportunities to support our agents, strengthen our technology platform and enhance long-term shareholder value. As always, our focus remains on executing with discipline, maintaining a strong balance sheet, and continuing to build a more efficient, resilient and profitable eXp. Now I'll turn the call over to Glenn to wrap it up before we open the call to questions. Glenn?
Thanks, Jesse. You know, I've been spending my time really retooling SUCCESS since actually around July last year. I jumped in and I've been running with the same playbook that we used in international in 2024. We brought staffing down about 60%. We spent about the last nine months re-platforming the entire business, and during this quarter, we actually welcomed Matthew and Kristen Ferry right at the end of the quarter to help us lead SUCCESS. Matthew, many of you will recognize the name in organized real estate. He's one of the most respected sales and life coaches of the last 30 years. Kristen, his wife, has been the operational engine behind his business for years and now brings that same capability to SUCCESS itself.
That combination gives us a real team to scale, not just a marquee hire. The green shoots are already showing. SUCCESS Certified Coaching has completed its first cohort. The second cohort started last week. On its own, SUCCESS Coaching should move SUCCESS into net income by 2027. We've launched SUCCESS Events, and that success.events is also generating revenue. Before we built it, there was no single place to find personal development events across the entire vertical. Think of it a bit like the Zillow of personal development. Top personal development personas are now participating with us, and that participation is already producing revenue. For our agents, this means access to coaching content and events that in any other context cost five or six figures to engage with built directly into the overall eXp ecosystem.
That's why what I mean when I describe SUCCESS as the culture and growth layer of the eXp ecosystem. It's an asset our agents draw on that no other brokerage can offer. In 2027, we're leaning into what made SUCCESS the definitive voice in personal development for more than a century. The lineage runs from our Founder, Orison Swett Marden, through Napoleon Hill, W. Clement Stone, Earl Nightingale, Og Mandino, and of course, Jim Rohn, whose worldwide intellectual property we hold. The principles those voices built, the new thought tradition, are being validated every day by modern neuroscience and psychology. We have a signature offering coming that marries those two worlds, the wisdom that built SUCCESS and the science now confirming it. I'm excited about what 2027 looks like for SUCCESS. Next slide, please.
I wanna close by describing what we're actually building because I think it's still underappreciated. This last week we changed our ticker to AGNT. That wasn't cosmetic. It was really the clearest possible statement of what this company is and who it's built for. eXp is a platform business built by agents, built for agents. The four connected offerings really working in harmony. eXp North America is now multi-model option through NextHome. International, our fastest growing segment and expansion frontier. FrameVR, our virtual infrastructure, and SUCCESS, our culture and growth layer. No other brokerage on earth is built this way, and the multi-model expansion through NextHome is a real proof point.
We can now welcome independents and entire offices that previously couldn't find a home with us without compromising what makes the eXp model work. What we offer agents and what no one else can fully replicate is a complete operating system for building a scalable, sustainable real estate business. Full stack marketing suite, world-class personal development through SUCCESS, health and wellness resources, and a fully immersive global collaboration layer through Frame.
Every investment we're making right now, the eXp Hub, AI copilots, the listing intelligence platform, the App Store Marketplace, and the single thread leadership model that puts a dedicated owner on every major bet, is designed around one goal: helping agents build businesses that grow beyond themselves. This is what's underappreciated about eXp, not the agent count, not the share gain, really the fundamental architecture. That's the eXp platform. That's the moat, and every quarter the gap widens. I'll turn it over, back over to Denise for Q&A.
Great. Thanks, Glenn. I'll kick it off with a question for everyone on the team before we open the call to questions from the audience and analysts. Leo, I'll start with you. Can you speak to how adding an award-winning franchise model like NextHome complements our core cloud brokerage? Specifically, how does this multi-model approach allow us to capture a broader segment of the market that was previously out of reach? What does this mean for our competitive moat heading into the second half of the year?
Thanks, Denise. Adding NextHome gives us a advantage because we can now attract independent brokers and franchises coming off of their franchise agreement. There are many folks who've woken up in the last 24 months completely caught off guard by new ownership structure, ranging from private equity to other publicly traded companies. Some of those companies' views differ substantially from how they may view the world, from putting the consumer first, to transparency and thought track around how we display listings.
We just realize that in the shifting landscape, having a chassis to give us the optionality to add these folks is incredible. You have to appreciate the iterativeness of platforms. When Glenn started, this was for the agent. We became the home of the team. Now we've realized that as we continue to grow, there's an opportunity for the folks that'll probably never be at a cloud brokerage, and we just added a complete new lane and a green shoot opportunity.
All right. Thanks, Leo. Jesse, one for you. With the integration of NextHome, the financial mix of the company is evolving. Can you discuss how NextHome's model differs from eXp's core cloud-based brokerage model?
Yeah. Thanks, Denise. Leo just touched on a big part of the deal thesis is that it does allow us to capture revenue from those agents, teams, independent brokerages that we historically haven't had to pass on because they were more akin to something in the franchise model. This does by making eXp now a multi-model platform and providing this chassis, it allows an on-ramp to some pretty large opportunities that we see here in the near term.
Specifically just speaking to the financial differences in franchise, you know, franchise offers very predictable recurring revenue over the multi-year terms and the contracts. They typically have higher gross margins as well, being, and especially NextHome, very asset light, very aligned to the eXp model, even though we are slightly different in the offering, right, between franchise and brokerage. They are asset light as a franchisor with very little corporate overhead. As you continue to scale, you see very expanded margins in that platform specifically.
Thanks, Jesse. Glenn, one for you. How do you see personal development and success impacting eXp?
Yeah, I think it really comes down to the idea that we've expressed literally since we started the company, which is that, you know, real estate is fundamentally powered by, you know, human beings who have developed sales skills, scripts, dialogues, lead generation. More importantly, it's sort of their mindset and how they see themselves in the world. SUCCESS has really been, you know, doing that for, you know, 129 years.
You know, the more that we can expose agents to how to think better, how to operate better, it just raises the, for lack of a better term, the consciousness of the entire organization, in a way where we're, again, more aligned, more connected, shared vocabulary and shared ways of doing things that just kind of reinforces itself. For me, I always think about the fact that, you know, eXp really has been historically a personal development company that just happens to sell real estate. You know, with that lens, we became the largest single customer of SUCCESS magazine even before we bought the magazine because of our belief in personal development being, you know, so fundamental. This really just continues to give us more access.
As I've been diving into personal development, especially since jumping in as managing director last July, it's becoming more and more obvious the places that we're going to be able to make meaningful sort of upgrades for all intents and purposes relative to our agents and brokers who want to get access to some of the folks over on the SUCCESS side of the house, as well as a lot of the content that they get just as being part of eXp.
All right. Thanks, Glenn. I'll move over to our analysts to ask questions. Before I do, just wanna remind the audience that you can ask a question via Slido by looking at the QR code there on your screen or going to slido.com and punching in AGNT, our ticker, and ask a question there or vote up a question that's in the queue. For now, I'll take our first question from Tom White at D.A. Davidson. Tom, you can go ahead and ask your question.
Great. Thank you very much. Maybe just a follow-up for Leo on the NextHome deal, and congrats on that. I guess, you know, the last few weeks here you've had the two kinda national leaders in cloud-based models here make acquisitions of franchise models. Leo, can you maybe just talk a little bit about, like, why you think that is and why now? I understand, you know, maybe going after, you know, these agents or groups of agents or indies that weren't suited, I guess, for the national model.
I'm just curious if there's kind of anything else, maybe just sort of like industry-wide dynamics or competitively that's resulting in you guys making this deal. Maybe just comment on, I think this is the first domestic brokerage you guys have ever acquired. Maybe the first kind of brokerage model that you acquired anywhere. Like, does this open, you know, I don't wanna say the floodgates, but, you know, just sort of a new potential kind of vein of growth that you guys might look to consolidate more brokerages? Thanks.
Tom, that's a perfectly fair question. One is, the timing is interesting. It's similar to the other ones, but appreciate that, you know, this conversation probably started in earnest September, right? The, the process too, 'cause unlike the other ones where deals were announced, this is closed, and we're off to the races. The press release that drops around noon is probably really indicative of what the opportunity I see in front of us. There is a gentleman by the name of Albert Maggers in the Gold Coast of California who's joining NextHome with 200 agents.
That is way outside of their typical office size and the opportunity that James and I saw when we started this conversation last year, where if you see the trend, most of the acquisitions of franchises have been a growth company buying a legacy company that's contracting at very large percentages, 5%-7% per year. That's not what we did. We specifically went for a young, growing, well-recognized, highly rated franchise system because I see this opportunity where these companies that are legacy players that are now owned by new ownership are seeing contraction, and that created a massive opportunity for us. I think part of the strategy is to always stay nimble and see opportunities even six, 12, 18 months out. I think directionally we're seeing a huge opportunity that wasn't present even 24 months ago. Secondly, on the positioning of how we see the world, I think I've given you my standard, Jim Bramble role play answer of, you know, as a Section 16 Officer of a public company, it's my fiduciary responsibility to always stay in curiosity for any acquisition that's accretive to our shareholders and market share. I do see that we have now have a chassis that keeps us available and nimble, for the optionality ahead.
Okay. Thanks. Maybe just a quick follow-up for Jesse, or anyone. You know, you affirmed the full year guide. You obviously have NextHome now. Can you maybe help us get a sense of what you think the kind of contribution from NextHome might be this year?
Yeah, sure. I can take that. You know, at this point in time, it's more of a strategic addition to our platform. Their financial contribution will, frankly be modest, when you layer it against our full consolidated results in the near term. We are more focused on the long term of this deal, the value that it brings in incremental agents, production, and margin. More to specifically to answer your question, it's not currently included in our full year guidance at this time. I think that is something we're gonna evaluate, when we fully incorporate this here in Q2 and look to reiterate full year guidance at that time, Tom.
Okay. Thank you.
Thanks, Tom. Now I'll go over to Michael Rindos. Michael Rindos from Benchmark. If you'd like to ask a question, you can go ahead. I think your mic needs to be open. All right. While we're working on those technical fixes there, I'll move over to Stephen Sheldon from William Blair. He asked us a couple questions via email. He wanted to know, first, Leo, how much are you planning to integrate NextHome versus letting it operate a more standalone? Beyond the franchising capability, what else does NextHome bring to the table in terms of technology or other capabilities that eXp can leverage broadly?
Yeah, that's a thanks for the question. The first most important one is there will be no changes to the NextHome brand. They will be a standalone frame because it is a different offering as a complete separate chassis. NextHome was nimble and highly strategic acquisition for us. The part of the appeal is having the second chassis as well as the leadership. Going into a world where consolidation and roll-ups are happening, I think there's no, it'd be wise to not underestimate the leadership groups that come together, 'cause we are in a very specific, independent contractor-driven business that is personality-driven, and people follow people. We have very large buying power, so there's gonna be quite a bit of synergies on technology that we purchase across the board.
As we were doing due diligence, we were both pleasantly surprised by the similarities. They're 42% virtual. A lot of their franchisees use Regus out of all shared spaces, with a lot of similarities from tech stack with all the other vendors we offer. There is gonna be some really interesting synergies as we go forward.
Great. Okay. Thank you. Another one from Stephen Sheldon. He said, "Great to see continued strong agent NPS, but it did step down a touch sequentially. Is there anything to call out there?"
That's a great question, and that's one of the reasons why Glenn started with NPS and the focus on it. One is anything in the 70s is considered good. If you were to have, like, an 80+, someone's almost gaming the system. We're all students of Fred Reichheld. He's on our Board, and I've read the book cover to cover, and you never wanna game the system. That is a very good example of in real-time fire or smoke detector system, and we were able to identify it, and it's one quarter versus, you know, multi-quarter sequentially, and that's actually a perfect example of the metric being used in action.
Great. All right. Over at Slido, we have already answered the questions that we got there. Thank you everyone for joining us on our first quarter earnings call. This concludes the call. As always, please stay connected by visiting eXp World Holdings for the latest updates on eXp news, results, and events. Additionally, you'll find a recording of this call and our latest investor presentation on the investor section of our site. Thanks again for joining. This concludes our first quarter earnings fireside chat.