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eXp World Holdings
(NASDAQ:AGNT)
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Rating:62Neutral
Price Target:
$4.50
▲(6.64% Upside)
Action:Reiterated
Date:08/10/26
AGNT scores as a mid-range opportunity driven primarily by financial resilience (debt-free balance sheet and strong free cash flow) and a generally positive earnings update with EBITDA improvement. The score is held back by weak profitability at the income-statement level (thin margins and net losses) and a broader bearish technical trend (below key longer-term moving averages), while valuation is mixed due to negative earnings despite an attractive dividend yield.
Positive Factors
Debt-free balance sheet and strong cash generation
A near-zero debt position with sustained positive operating and free cash flow materially reduces financial risk, preserves capital flexibility for investments or acquisitions, and supports dividends or buybacks. Over 2–6 months this underpins resilience through housing cycles and funds strategic initiatives without needing external leverage.
Negative Factors
Low gross margins and persistent net losses
Thin gross margins constrain the firm's ability to absorb rising operating costs and reduce sensitivity to volume shocks. Persistent net losses and negative returns on equity indicate the business has not yet converted revenue scale into consistent profitability, risking slower improvement in shareholder returns over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet and strong cash generation
A near-zero debt position with sustained positive operating and free cash flow materially reduces financial risk, preserves capital flexibility for investments or acquisitions, and supports dividends or buybacks. Over 2–6 months this underpins resilience through housing cycles and funds strategic initiatives without needing external leverage.
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
$733.65M
Dividend Yield4.56%
Average Volume (3M)1.41M
Price to Earnings (P/E)―
Beta (1Y)1.10
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. Volume1,370,175
30 Day Avg. Volume1,412,014
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$5.38Price Target Upside27.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.05
Revenue Forecast (FY)$5.00B
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...
How the Company Makes Money
eXp World Holdings primarily makes money through its real estate brokerage operations by earning a portion of commissions generated when agents affiliated with its brokerage close property transactions. In this model, homebuyers and sellers pay tr...
eXp World Holdings Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| 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
4.22
Price Trends
4.64
Negative
5.26
Negative
7.20
Negative
Market Momentum
-0.18
Negative
50.39
Neutral
70.61
Neutral
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 4.22 is below the 20-day moving average (MA) of 4.23, below the 50-day MA of 4.64, and below the 200-day MA of 7.20, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 50.39 is Neutral, neither overbought nor oversold. The STOCH value of 70.61 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $2.63B | 17.86 | 9.92% | 0.97% | 23.03% | 88.89% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $469.10M | -32.28 | -11.91% | ― | 38.44% | -12.30% | |
62 Neutral | $733.65M | -40.76 | -7.05% | 4.94% | 8.07% | 47.74% | |
60 Neutral | $385.19M | -27.85 | 0.08% | ― | -5.04% | -182.78% | |
48 Neutral | $161.81M | 6.85 | 3.26% | ― | -2.75% | ― |
* Real Estate Sector Average
AGNT
eXp World Holdings
4.39
-5.10
-53.74%
RMAX
Re/Max Holdings
11.37
3.22
39.51%
NMRK
Newmark Group
14.81
-1.18
-7.36%
REAX
Real Brokerage
2.14
-1.95
-47.68%
DOUG
Douglas Elliman Inc.
1.78
-0.44
-19.82%
eXp World Holdings Corporate Events
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...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
AGNT Completes Corporate Transformation and Governance Realignment
Positive
Jun 11, 2026
On June 11, 2026, AGNT, Inc. completed a corporate transformation that included changing its name from eXp World Holdings, Inc. to AGNT, Inc. and redomesticating from Delaware to Texas, aligning its legal identity and governance with its agent-cen...
Legal Proceedings
eXp World Gains Preliminary Approval in Tuccori Class Settlement
Positive
May 29, 2026
On April 14, 2026, eXp World Holdings entered into an Opt-In Settlement Agreement to join the settlement structure in the Tuccori v. At World Properties buy-side class action in the U.S. District Court for the Northern District of Illinois, where ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
eXp World Holders Approve Redomestication and Board Slate
Positive
May 12, 2026
On May 8, 2026, eXp World Holdings, Inc. held its 2026 annual meeting of stockholders, where shareholders elected six directors to serve until the 2027 annual meeting and ratified Deloitte Touche LLP as the company’s independent auditor for...
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.