Nov 5, 2026, 3:59 PM ETReal Estate

AGNT, Inc. — Q3 2026 Earnings Summary

AGNTAGNT INC

Financial Performance

Revenue increased 6% year-over-year to $1.4 billion from $1.3 billion for the quarter ended September 30, 2026.
Net loss was $(4.3) million, or $(0.03) per diluted share, compared to net income of $3.5 million, or $0.02 per diluted share, in the prior-year period.
Operating expenses rose 7% to $87.9 million from $82.2 million year-over-year.
Adjusted EBITDA decreased 3% to $17.1 million from $17.7 million year-over-year.
Cash and cash equivalents totaled $111.4 million as of September 30, 2026, down from $112.8 million in the prior-year period; the company reported no debt.
Net cash provided by operating activities was $18.2 million, compared to $28.9 million in the prior-year period.
Adjusted operating cash flow was $41.5 million, compared to $45.4 million in the prior-year period.
The company distributed $8.4 million in cash dividends to shareholders during the quarter.
Gross profit for the quarter was $90.966 million, up from $86.204 million in the prior-year period.

Fourth Quarter 2026 revenue is projected between $1.0 billion and $1.2 billion.
Fourth Quarter 2026 operating expenses are projected between $93 million and $97 million.
Fourth Quarter 2026 Adjusted EBITDA is projected between $(7) million and $0 million.
Full-Year 2026 revenue is projected between $4.85 billion and $5.05 billion.
Full-Year 2026 operating expenses are projected between $362 million and $367 million.
Full-Year 2026 Adjusted EBITDA is projected between $40 million and $47 million.
A cash dividend of $0.05 per share for the fourth quarter of 2026 was declared on October 23, 2026, expected to be paid on December 4, 2026 to stockholders of record on November 20, 2026.

International was identified as the fastest-growing segment, with revenue up 27% year-over-year and continued progress toward profitability.
The platform includes eXp Realty, NextHome, FrameVR.io, and SUCCESS® Enterprises.
Agent count on the AGNT platform reached 87,457 as of September 30, 2026, representing a 5% increase year-over-year.
Real estate sales transactions increased 8% year-over-year to 131,546.
Real estate sales volume increased 10% year-over-year to $59.3 billion.
Global agent Net Promoter Score (aNPS) ended the quarter at 67, down from 75 in the prior-year period.

Management stated the business is positioned to lead the industry through challenging times despite a challenging housing market.
The company is embracing an AI shift to reshape the business and provide agents with more ways to grow.
The platform operates across the Americas, Europe, the Middle East, Asia Pacific, and South Africa.

Forward-looking statements note risks including adverse changes in residential real estate market conditions, interest rates, and consumer confidence.
Risks include fluctuations in agent attraction, retention, and productivity, as well as competitive pressures regarding commission structures or brokerage models.
Potential variability in stock-based compensation expense and other non-cash charges is highlighted.
Risks related to international expansion, successful development of AI-enabled tools, and regulatory or legal developments are noted.
Actual results may differ materially from guidance due to assumptions regarding macroeconomic trends, foreign currency impacts, and the absence of significant unforeseen events.

CEO Leo Pareja stated the results reflect a business with more and more productive agents than a year ago, driven by a belief in putting agents first.
CFO Jesse Hill highlighted the strength of the financial model, discipline in running the business, and the ability to grow the top line in a challenging market.
Management emphasized a culture of moving first and investing in innovation for agents and shareholders.
The tone conveyed confidence in the company's financial position, citing a strong balance sheet with no debt and over $111 million in cash.

The company paid a cash dividend of $0.05 per share for the third quarter of 2026 on August 28, 2026.
The company has no debt as of the end of the quarter.
The company hosts a conference call and webcast on November 5, 2026, to discuss results.
The press release includes reconciliations for non-U.S. GAAP measures (Adjusted EBITDA and Adjusted Operating Cash Flow) to U.S. GAAP measures.
The company disclosed that Adjusted EBITDA outlook for future periods cannot be reconciled to U.S. GAAP measures without unreasonable efforts due to the uncertainty of reconciling items.