AGNT, Inc. Reports 11% Revenue Growth to $1.45 Billion in Q2 2026

AGNT, Inc. (formerly eXp World Holdings, Inc.) reported its financial results for the second quarter of 2026, revealing a revenue increase of 11% to $1.45 billion compared to $1.31 billion in the same period last year. For the first half of 2026, revenues rose 8% to $2.46 billion from $2.26 billion in the prior year. The company’s gross profit for the quarter was $98.8 million, up from $92.7 million, while the gross profit for the six-month period increased to $174.1 million from $168.8 million. Despite these gains, AGNT reported a net loss of $2.7 million for the quarter, slightly worse than the $2.3 million loss in Q2 2025, and a net loss of $7.8 million for the first half, an improvement from a $13.3 million loss in the same period last year.

The company’s operating income showed significant improvement, with a reported operating income of $1.6 million for the second quarter, compared to an operating loss of $2.4 million in the prior year. For the first half, the operating loss narrowed to $7.1 million from $12.8 million. The positive shift in operating income was attributed to increased revenues and cost management strategies implemented in late 2025, although legal expenses related to ongoing litigation impacted overall profitability.

AGNT's strategic developments included the acquisition of NextHome, a franchised real estate brokerage, completed in May 2026. This acquisition is expected to enhance AGNT's service offerings and expand its market reach. The company reported an increase in its agent count to 87,338, up from 82,704 a year earlier, reflecting the addition of agents from the NextHome acquisition. The number of real estate sales transactions also increased by 12% year-over-year, with a total of 132,497 transactions in Q2 2026.

Operationally, AGNT's cash and cash equivalents stood at $111.2 million as of June 30, 2026, down from $124.2 million at the end of 2025. The company’s total assets increased to $539.2 million, up from $442.5 million at the end of the previous fiscal year, driven by higher accounts receivable and restricted cash. The company’s net working capital improved to $133.1 million, reflecting a strong liquidity position. Looking ahead, AGNT anticipates continued growth driven by its technology platform and the integration of NextHome, although it remains cautious about potential market fluctuations and regulatory challenges that could impact its operations.