eXp parent AGNT posts record $1.4 billion Q2 revenue on agent productivity, AI tools. AGNT, Inc., the Bellingham, Wash.-based holding company that owns eXp Realty and was known as eXp World Holdings until rebranding earlier this year, reported record second-quarter 2026 revenue of $1.4 billion, up 11% from a year ago, according to an Aug. 4 earnings release. Executives credited rising agent productivity and new AI tools for the gains. Adjusted EBITDA jumped 129% year over year to $25.7 million, from $11.2 million in the second quarter of 2025, a far steeper increase than the company's revenue growth and a sign that its cost structure is scaling more efficiently as agent output rises. The productivity gains were driven by what the company calls productivity per person, or PPP - the number of transaction sides an average agent closes. PPP averaged 5.5 for the quarter, up 6% year over year. That lifted total closed transactions 12% to more than 132,000 and pushed real estate sales volume up 15% to $60.5 billion. AGNT's agent count grew 6% year over year to 87,833, a figure that now includes roughly 4,900 agents brought on through the company's acquisition of NextHome, which closed using cash on hand. The company said the deal expanded its offering to agents and added to its long-term growth pipeline while it maintained a debt-free balance sheet. The results build on a broader push by eXp Realty and its rebranded parent to position itself as a technology-forward alternative to traditional brokerage models. eXp has long operated as a cloud-based brokerage without physical offices, and the company has increasingly leaned on artificial intelligence tools to help agents manage leads, transactions and client communication, part of an industry-wide shift as brokerages look to AI to offset rising costs and softer transaction volumes in parts of the housing market. What it means. The 129% jump in adjusted EBITDA against an 11% revenue increase indicates AGNT is generating meaningfully more profit per transaction than it was a year ago, a signal that its scale and technology investments are beginning to show up on the bottom line rather than just the top line. That contrasts with the productivity struggles some competing brokerage models have faced amid a choppier housing market, and it comes as rival brokerages, including Keller Williams, have also been retooling leadership and technology to compete for agent market share. The NextHome acquisition adds a franchise-style agent base to eXp's traditionally virtual, commission-split model, giving AGNT a hybrid presence that could help it recruit agents who want brand flexibility alongside eXp's cloud infrastructure. With the company debt-free and posting record cash generation, AGNT has room to keep investing in the AI tools and agent-productivity features it credits for this quarter's results, though it will need to show the productivity gains are durable rather than a one-quarter blip as housing transaction volumes remain constrained by elevated mortgage rates nationally. What to watch: whether PPP gains continue into the third quarter, historically a strong season for home sales, and whether AGNT discloses more detail on how AI tools are specifically driving agent output as it faces growing competition from tech-enabled rivals across the brokerage industry.

Exp World (NASDAQ:AGNT) shares gap down after earnings miss. August 5, 2026 Key points. * Exp World shares fell sharply after the company reported a quarterly loss of $0.02 per share, missing the expected $0.02 profit; the stock opened at $3.82 versus a prior close of $4.22. * Revenue rose 10.7% year over year to approximately $1.45 billion, exceeding the $1.39 billion consensus estimate. Third-quarter revenue guidance of $1.4 billion to $1.5 billion was also above expectations. * Despite revenue growth, profitability remains a concern, with negative net margin and return on equity. Analysts maintain an average "Hold" rating, with an average price target of $6.42. * Five stocks to consider instead of Exp World. Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report)'s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $4.22, but opened at $3.82. Exp World shares last traded at $3.97, with a volume of 168,694 shares changing hands. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.39 billion. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. Key stories impacting Exp World. Here are the key news stories impacting Exp World this week: * Positive Sentiment: Exp World reported second-quarter revenue of approximately $1.45 billion, up 10.7% year over year and ahead of the $1.39 billion analyst consensus. The company also forecast third-quarter revenue of $1.4 billion to $1.5 billion, above the roughly $1.4 billion consensus. AGNT, Inc. Reports Q2 2026 Results * Positive Sentiment: Mexico luxury brokerage Ronival Real Estate partnered with eXp Realty, potentially expanding the company's presence in a high-end international market. Ronival Real Estate Partners with eXp Realty * Positive Sentiment: Former professional baseball player and real estate executive Mike Mendoza joined eXp Realty Luxury with his Arizona-based team, adding experienced leadership and agents to the platform. Mike Mendoza Joins eXp Realty Luxury * Neutral Sentiment: Full-year 2026 revenue guidance of $4.9 billion to $5.2 billion brackets the $5.0 billion consensus estimate, suggesting expectations were broadly maintained. The company did not provide a specific EPS figure in the guidance update. Q2 2026 Earnings Call Transcript * Negative Sentiment: Profitability disappointed: reports characterized second-quarter EPS as break-even or a $0.02 loss, versus consensus expectations for a $0.02-$0.03 profit. EPS also declined from $0.06 a year earlier. Exp World posted a negative net margin and negative return on equity, keeping investor focus on its path to sustainable profits. Wall Street analyst weigh in. Several analysts have recently commented on the company. Wall Street Zen upgraded Exp World to a "hold" rating in a report on Sunday, May 10th. Weiss Ratings reiterated a "sell (d)" rating on shares of Exp World in a research report on Wednesday, May 27th. Finally, DA Davidson reissued a "neutral" rating and set a $6.50 price objective (down from $10.25) on shares of Exp World in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.42. Discover more Institutional investors weigh in on Exp World. Several hedge funds and other institutional investors have recently made changes to their positions in AGNT. Vanguard Group Inc. lifted its stake in shares of Exp World by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company's stock valued at $127,725,000 after acquiring an additional 690,694 shares during the period. UBS Group AG increased its position in Exp World by 81.7% in the fourth quarter. UBS Group AG now owns 1,778,193 shares of the technology company's stock worth $16,093,000 after purchasing an additional 799,587 shares during the period. OP Asset Management Ltd acquired a new stake in Exp World in the first quarter worth about $2,451,000. Northwestern Mutual Wealth Management Co. raised its holdings in Exp World by 106,586.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company's stock worth $1,931,000 after purchasing an additional 213,172 shares during the last quarter. Finally, State of Wyoming raised its holdings in Exp World by 116.8% during the 4th quarter. State of Wyoming now owns 49,440 shares of the technology company's stock worth $447,000 after purchasing an additional 26,633 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds. Exp World stock performance. The company has a market capitalization of $653.99 million, a price-to-earnings ratio of -39.80 and a beta of 2.09. The business's 50-day simple moving average is $4.68 and its 200-day simple moving average is $6.07. About Exp World. 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]. Continue following MarketBeat Before you consider Exp World, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exp World wasn't on the list. While Exp World currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.