AGNT, Inc., the parent company of eXp Realty and NextHome, announced robust financial results for the second quarter of 2026. The company set new benchmarks in revenue and real estate sales, with year-over-year sales volume climbing 15% to $60.5 billion. These figures underscore the growth and stability of AGNT's real estate platform.
In Q2 2026, AGNT reported a global agent Net Promoter Score (aNPS) of 69, a slight drop from 77 in the prior-year quarter. The aNPS, which gauges agent satisfaction, remains a crucial focus area for the company as it continues to prioritize the agent experience across its services.
Financial Highlights
Despite the gains in revenue and transactions, the company posted a net loss of $2.7 million, with a loss per diluted share of $0.02. This compares to a net loss of $2.3 million and $0.01 in the same period last year. Operating expenses for the second quarter rose 2% to $97.2 million from $95.0 million.
Adjusted EBITDA, a non-U.S. GAAP financial metric, saw a dramatic 129% increase to $25.7 million, up from $11.2 million in the same period in 2025. The company's cash and cash equivalents reached $111.2 million as of June 30, 2026, an increase from $94.6 million at the same time in 2025.
Strategic Growth
AGNT completed the acquisition of NextHome during the quarter, which is expected to bolster the company's long-term growth and diversify its platform for agents. The integration of NextHome is progressing on schedule, and the company remains debt-free as it expands its offerings.
For the third quarter of 2026, AGNT forecasts revenue in the range of $1.35 billion to $1.45 billion. Operating expenses are expected to be between $85 million and $90 million, with adjusted EBITDA projected to fall between $17 million and $22 million.
Looking at the full year 2026, AGNT anticipates revenue in the range of $4.85 billion to $5.15 billion, with operating expenses estimated between $355 million and $365 million. The company projects adjusted EBITDA will fall between $50 million and $60 million for the year.
Leadership Insights
According to Leo Pareja, CEO of eXp Realty, the company's success is rooted in its platform, which supports agents in growing their businesses. He noted that the high number of transactions and revenue gains reflect the loyalty of agents who remain on the platform and produce results. Glenn Sanford, the company's founder and CEO, emphasized the shift to a broader platform that caters to a diverse group of agents and broker-owners.
Jesse Hill, Chief Financial Officer, highlighted the progress on efficiency initiatives outlined in 2025. He mentioned the cash dividend of $0.05 per share paid to shareholders in Q2 and the upcoming dividend for Q3. These actions reflect the company's dedication to delivering long-term value to its investors.
Agent Growth and Engagement
AGNT expanded its agent base to 87,338 as of June 30, 2026, a 6% increase compared to the previous year. The rise in agent numbers is a significant driver of the company's growth, as more agents contribute to the transaction volume and revenue.
The second quarter saw 132,497 real estate sales transactions, a 12% year-over-year increase. This growth highlights the platform's utility in facilitating more frequent and higher-value sales for its agents.
The company's leadership is optimistic about the platform's potential, particularly with the integration of NextHome and the ongoing focus on agent retention. The strong financial performance, coupled with strategic acquisitions, positions AGNT for continued expansion in 2026 and beyond.
Cash flow metrics, including $38.8 million in net cash from operating activities and $15.7 million in adjusted operating cash flow, reflect the company's strong operational foundation. These figures are consistent with AGNT's goal of achieving sustainable, long-term profitability.
The company's debt-free balance sheet and solid cash reserves provide flexibility for future investments and growth opportunities. AGNT remains committed to delivering value through a balanced approach to growth, efficiency, and shareholder returns.