Real estate platform eXp World's Q2 revenue beats estimates

AGNT

04/08/2026 21:51

Overview
US real estate platform's Q2 revenue grew 11%, slightly beating analyst expectations
Adjusted EBITDA for Q2 more than doubled and beat analyst expectations
Company completed NextHome acquisition with cash on hand, maintaining debt-free balance sheet

Outlook
AGNT sees Q3 revenue between $1.35 bln and $1.45 bln
Company expects Q3 operating expenses of $85 mln to $90 mln
AGNT forecasts 2026 revenue of $4.85 bln to $5.15 bln

Result Drivers
AGENT PRODUCTIVITY & RETENTION - Co said record revenue and transactions were driven by agents choosing to grow their businesses on the platform, with higher retention among top producers and increased transactions per agent, per CEO Leo Pareja
EFFICIENCY INITIATIVES - Co said operational discipline and productivity gains contributed to improved results, per CFO Jesse Hill
NEXTHOME ACQUISITION - Co said the completed NextHome acquisition expanded its offering to agents and increased long-term growth opportunity, with early contributions consistent with expectations, per CFO Jesse Hill

Company press release: ID:nGNXbpBpQ0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.45 bln
$1.39 bln (3 Analysts)
Q2 Net Loss
 
$2.7 mln
 
Q2 Adjusted EBITDA
Beat
$25.7 mln
$18.37 mln (3 Analysts)
Q2 Dividend
 
$0.05
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy."
Wall Street's median 12-month price target for Agnt, Inc (Pre-Reincorporation) is $7.25, about 76.8% above its August 3 closing price of $4.10
The stock recently traded at 80 times the next 12-month earnings vs. a P/E of 72 three months ago

Reuters Recommended Reads
Aug 3 - Real estate platform Offerpad Q2 revenue falls more than expected, but margins rise
Aug 3 - Online deals firm Giftify's Q2 net loss narrows after higher agent transactions
Aug 4 - Kimco Realty Q2 FFO rises, lifts 2026 outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)