Key facts
- AGNT Inc. reported record second-quarter revenue of $1.4 billion, up 11% year-over-year.
- Real estate transactions increased 12% to 132,497, and sales volume rose 15% to $60.5 billion.
- The company's agent base grew 6% to 87,338, with productivity per agent up 6%.
- AGNT acquired NextHome, expanding its brokerage model offerings.
- Adjusted EBITDA increased 129% to $25.7 million, though a net loss of $2.7 million was reported.
- Full-year revenue guidance was reaffirmed at $4.85 billion to $5.15 billion.
AGNT Inc., previously known as eXp World Holdings, reported a record second quarter with revenue reaching $1.4 billion, an 11% increase compared to the same period last year. This growth was primarily driven by enhanced agent productivity, a rise in transaction volume, and increased market share for its eXp Realty division.
The company saw its real estate sales transactions climb by 12% to 132,497, while the total sales volume grew by 15% to $60.5 billion. AGNT's agent and broker count also expanded by 6% year-over-year to 87,338.
Executives highlighted that increased agent productivity, defined as agents doing more and doing it better, was the key factor behind the record revenue. Productivity per agent rose by 6%, reflecting higher transaction activity across the agent base. AGNT also reported gaining approximately 3% in U.S. market share within the residential real estate sector.
Financially, adjusted EBITDA saw a significant jump of 129% to $25.7 million, and cash and cash equivalents increased to $111.2 million. Despite operating expenses rising only 2% to $97.2 million, the company recorded a net loss of $2.7 million.
AGNT emphasized that eXp Realty remains its primary business engine, even as it expands into multiple brokerage models, including the recently acquired NextHome, which operates on a franchise structure. The company views NextHome as complementary to eXp Realty's cloud-based model, aiming to serve a wider market segment and drive operational efficiencies through shared resources.
Investments in artificial intelligence and proprietary technology, such as the AGNT OS platform, were also cited as crucial for simplifying agent operations and improving efficiency. Executives believe their cloud-native infrastructure provides an advantage in integrating AI into brokerage operations.
Looking ahead, AGNT expects third-quarter revenue between $1.35 billion and $1.45 billion. For the full year 2026, the company reaffirmed its revenue guidance of $4.85 billion to $5.15 billion.