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eXp World Holdings
(NASDAQ:AGNT)
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Rating:58Neutral
Price Target:
$4.50
▲(5.14% Upside)
Action:Reiterated
Date:10/09/26
AGNT scores in the upper-middle range mainly due to strong cash generation and a very low-leverage balance sheet, reinforced by a constructive earnings update (record revenue and better Adjusted EBITDA). The score is held back by persistent net losses and thin margins, plus a weaker technical trend with the stock below key moving averages; valuation is supported by a high dividend yield but constrained by the negative P/E.
Positive Factors
Scaled Revenue and Transaction Growth
Double-digit growth in revenue, transactions, and sales volume indicates continued platform adoption and expanding operating scale. Sustained activity growth can strengthen the brokerage network, support investment in technology and agent services, and improve the company’s competitive position over the next several quarters.
Negative Factors
Persistent Losses and Thin Margins
Persistent net losses and very thin gross margins show that revenue growth has not yet translated into consistent profitability. This limits internal reinvestment capacity, makes earnings more sensitive to expense changes, and leaves the business without a proven durable margin structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Scaled Revenue and Transaction Growth
Double-digit growth in revenue, transactions, and sales volume indicates continued platform adoption and expanding operating scale. Sustained activity growth can strengthen the brokerage network, support investment in technology and agent services, and improve the company’s competitive position over the next several quarters.
Read all positive factors
eXp World Holdings Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks revenue into agent commissions, revenue share, cloud services, and ancillary offerings to show which businesses drive growth and margins. Shifts in the mix reveal strategic direction and exposure to transaction cycles versus recurring revenue streams.
Breaks revenue into agent commissions, revenue share, cloud services, and ancillary offerings to show which businesses drive growth and margins. Shifts in the mix reveal strategic direction and exposure to transaction cycles versus recurring revenue streams.
Data provided by:
The Fly
The FlyeXp World Holdings (AGNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$691.87M
Dividend Yield4.83%
Average Volume (3M)1.77M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth8.07%
EPS Growth47.74%
CountryUS
Employees1,834
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.11
Shares Outstanding167,117,940
10 Day Avg. Volume1,507,680
30 Day Avg. Volume1,766,199
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.85
Price to Sales (P/S)0.30
P/FCF Ratio13.10
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue0.14
Enterprise Value/Gross Profit2.04
Enterprise Value/Ebitda-310.41
Forecast
1Y Price Target
$5.58Price Target Upside30.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.06
Revenue Forecast (FY)$5.04B
eXp World Holdings Business Overview & Revenue Model
Company Description
eXp World Holdings, Inc. is dedicated to acquiring and managing a variety of service-based enterprises. The company provides customers with access to its VirBELA virtual reality software platform through paid subscriptions. Its operations are orga...
eXp World Holdings Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call highlights a strong operational quarter: record revenue ($1.4B, +11% YoY), rising transactions (+12% YoY), improved productivity (+6% PPP), sizeable Adjusted EBITDA and cash growth, and meaningful AI-driven efficiency gains. International expansion is accelerating while its losses are narrowing. Notable challenges include macroeconomic headwinds expected to soften housing activity in H2, continued legal/one-time expense items (~$8M) and a cautious guidance posture. NextHome adds strategic breadth but currently contributes modestly and uses a different revenue profile. Overall, positives around revenue, margin improvement, cash position, AI adoption, and international momentum outweigh the lowlights, though the company remains cautious about macro risks and some near-term costs.Positive Updates
Record Revenue and Transaction Growth
Revenue of $1.4B in Q2 2026, up 11% year-over-year; over 132,000 sales transactions, up 12% year-over-year; sales volume up 15% for the quarter.
Negative Updates
Macroeconomic Headwinds and Housing Outlook
Management expects continued H2 2026 uncertainty due to sticky inflation, Middle East conflict, and a weakening Japanese yen that has pressured bond markets (10-year Treasury ~4.7%); company expects housing activity to track softer into year end.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Revenue and Transaction Growth
Revenue of $1.4B in Q2 2026, up 11% year-over-year; over 132,000 sales transactions, up 12% year-over-year; sales volume up 15% for the quarter.
Read all positive updates
Company Guidance
AGNT updated its outlook with Q3 revenue of $1.35B–$1.45B, Q3 operating expenses of $85M–$90M, and Q3 Adjusted EBITDA of $17M–$22M; for full-year 2026 it now expects revenue of $4.85B–$5.15B, operating expenses of $355M–$365M and a tightened Adjusted EBITDA range of $50M–$60M. Management said the guidance (now including NextHome, which is currently under 10% of the business) balances productivity gains against a challenging macro environment and that the company will remain financially flexible, reserving the right to invest to support agents and the platform.eXp World Holdings Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.96B | 4.77B | 4.57B | 4.27B | 4.59B | 3.77B |
| Gross Profit | 338.93M | 333.58M | 342.39M | 319.92M | 361.17M | 296.03M |
| EBITDA | -2.23M | -11.90M | 30.23M | 11.41M | 26.20M | 40.40M |
| Net Income | -17.19M | -22.71M | -21.27M | -8.97M | 15.44M | 81.22M |
Balance Sheet | ||||||
| Total Assets | 539.17M | 442.48M | 390.72M | 385.67M | 381.68M | 413.83M |
| Cash, Cash Equivalents and Short-Term Investments | 111.16M | 124.25M | 113.61M | 125.87M | 121.59M | 175.91M |
| Total Debt | 0.00 | 0.00 | 0.00 | 10.00K | 869.00K | 1.08M |
| Total Liabilities | 258.32M | 199.70M | 185.85M | 141.66M | 132.69M | 190.29M |
| Stockholders Equity | 280.85M | 242.78M | 204.87M | 242.84M | 247.82M | 222.17M |
Cash Flow | ||||||
| Free Cash Flow | 92.41M | 108.39M | 183.64M | 201.17M | 198.48M | 233.47M |
| Operating Cash Flow | 102.02M | 118.61M | 191.51M | 209.13M | 210.53M | 246.89M |
| Investing Cash Flow | -17.33M | -23.47M | -19.47M | -13.50M | -22.46M | -18.90M |
| Financing Cash Flow | -57.88M | -86.54M | -170.38M | -184.09M | -204.51M | -179.94M |
eXp World Holdings Technical Analysis
Neutral
4.28
Price Trends
3.96
Positive
4.26
Negative
5.46
Negative
Market Momentum
0.04
Negative
57.39
Neutral
87.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AGNT, the sentiment is Neutral. The current price of 4.28 is above the 20-day moving average (MA) of 3.80, above the 50-day MA of 3.96, and below the 200-day MA of 5.46, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 57.39 is Neutral, neither overbought nor oversold. The STOCH value of 87.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AGNT.
eXp World Holdings Risk Analysis
eXp World Holdings disclosed 35 risk factors in its most recent earnings report. eXp World Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
eXp World Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | $582.82M | -24.04 | -25.78% | ― | 38.44% | -12.22% | |
58 Neutral | $691.87M | -38.44 | -6.78% | 4.83% | 8.07% | 47.74% | |
52 Neutral | $7.48B | 90.78 | 3.63% | ― | 67.81% | ― | |
51 Neutral | $144.52M | 6.12 | 15.69% | 6.66% | -2.75% | ― | |
41 Neutral | $6.69M | -0.24 | -75.90% | ― | 4.33% | 24.93% |
* Real Estate Sector Average
AGNT
eXp World Holdings
4.14
-6.78
-62.08%
FTHM
Fathom Holdings
0.20
-1.52
-88.60%
REAX
Real Brokerage
15.94
-22.96
-59.02%
COMP
Compass
9.75
1.69
20.97%
DOUG
Douglas Elliman Inc.
1.59
-1.18
-42.60%
eXp World Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
eXp World Holdings Names Leo Pareja as New CEO
Positive
Oct 8, 2026
On October 8, 2026, AGNT, Inc. named Leo Pareja as Chief Executive Officer, succeeding founder Glenn Sanford, who will remain Chairman of the Board and exit all other employment roles. The move caps a succession process in which Sanford recommende...
Business Operations and StrategyStock Buyback
AGNT Accelerates Share Repurchase Under eXp Capital Strategy
Positive
Sep 15, 2026
AGNT, Inc., a subsidiary of eXp World Holdings operating in the real estate services sector, focuses on technology-enabled brokerage and agent support solutions, with a business model centered on agent productivity and capital return to shareholde...
Business Operations and StrategyStock Buyback
eXp World Holdings Announces Insider Share Repurchase Agreement
Positive
Sep 8, 2026
On September 3, 2026, AGNT, Inc. agreed to repurchase 8,693,290 shares of its common stock from the Gratitude 2022 Trust, whose sole beneficiaries are adult family members of Chairman and CEO Glenn Sanford. The agreed price is $3.68 per share, bas...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
eXp World Holdings Reports Strong Q2 Revenue and Growth
Positive
Aug 4, 2026
AGNT, Inc. reported record second-quarter 2026 revenue of $1.4 billion, up 11% year-on-year, while net loss widened slightly to $2.7 million as operating expenses rose modestly to $97.2 million.
Adjusted EBITDA surged 129% to $25.7 million, suppor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.