AGNT reports revenue growth and corporate rebranding
The cloud-based real estate company reported first-quarter revenue of $1.0 billion.
eXp World Holdings (AGNT), the cloud-based real estate company, reported a rise in revenue and a narrowing net loss for the first quarter of 2026.
The results coincided with a corporate transformation on June 11, 2026, in which the company renamed itself AGNT, Inc. and redomesticated from Delaware to Texas.
Revenue for the first quarter increased 5% year-over-year to $1.0 billion, compared to $954.9 million in the same period last year. Adjusted EBITDA rose 88% to $4.1 million, up from $2.2 million in the prior-year period. The company reported a net loss of $5.1 million, an improvement from the $11.0 million loss recorded in the first quarter of 2025.
Growth in the top line was supported by a 5% increase in real estate sales volume, which reached $40.7 billion. Real estate sales transactions rose 2% to 91,598. The number of agents and brokers on the eXp Realty platform increased 1% to 82,332 as of March 31, 2026.
Operating expenses decreased 3% to $84.1 million. However, the global agent Net Promoter Score declined to 67, down from 78 in the first quarter of 2025.
The company expanded its operational footprint through the acquisition of NextHome, Inc., which the company said evolved the business into a multi-model platform. The acquisition was funded using cash on hand and involved no debt. In a leadership change, the company appointed Wendy Forsythe as Chief Operating Officer on June 9, 2026, transitioning her from the role of Chief Marketing Officer.
For the second quarter of 2026, the company projects revenue between $1.36 billion and $1.45 billion, with adjusted EBITDA expected between $16 million and $21 million. Full-year 2026 revenue guidance is projected between $4.85 billion and $5.15 billion, with adjusted EBITDA between $50 million and $75 million.