Companies · AGNT
AGNT, Inc
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Latest analysis
Updated Nov 5, 2026
Agent Inc Q3 2026: Revenue up 6% to $1.4B; guides FY25 $4.85-5.05B amid mortgage rate pressure and elevated legal costs.
Agent Inc reported Q3 revenue of $1.4 billion, up 6% year-over-year, with 87.5 thousand agents (up 5%) and 131 thousand transactions (up 8%), but operating income fell 23% to $3.1 million due to heightened legal costs management expects to persist through year-end. The company cut full-year revenue guidance to $4.85–5.05 billion from prior expectations, citing continued mortgage rate headwinds above 7.3% that are suppressing housing demand. Management unveiled two platform initiatives—MCP (AI-of-Choice connectors to third-party models like GPT and Claude) and Agent OS (a full modernization of core systems)—positioned to reduce friction and improve agent retention, while announcing a non-consolidated joint venture called Open Real Estate alongside Keller Williams and RE/MAX to standardize listing data distribution and combat market fragmentation.
Tone: cautiousRevenue
$4.8B
AGNT 10-K · FY 2025
Employees
1,834
Revenue growth YoY
+4%
Founded
2008
Profile
AGNT 10-K Item 1 · Feb 24, 2026eXp World Holdings is a cloud-based real estate brokerage operating across North America and 27 international countries, generating revenue primarily from commissions on residential real estate transactions. The company differentiates itself through low fixed costs, agent equity ownership, a revenue-sharing model, and a proprietary virtual collaboration environment. It also operates SUCCESS magazine and related media properties as an affiliated services segment.
Read filing description ↓ Collapse description ↑
The Company owns and oversees a diversified portfolio of service-oriented businesses. These businesses are integrated through the Company's advanced enabling technology platform which enables collaboration and operational leverage across its ecosystem. The Company's strategic focus is the continued expansion of its real estate brokerage operations by delivering a differentiated value proposition to agents—centered on industry-leading economics, ownership opportunities, and access to tools and services that support long-term professional growth. Through disciplined investment in technology, education, and affiliated services, the Company seeks to provide a scalable platform where real estate professionals can grow their businesses and adapt to an evolving real estate marketplace. A core element of the Company's value proposition is its commitment to cooperation, transparency, and consumer-centric practices, which the Company views as essential to a healthy, open real estate marketplace and a key differentiator in attracting and retaining professional agents. eXp offers an innovative cloud-based brokerage model, which reduces costs to the Company's agents and brokers. The model features low entry fees, stock ownership opportunities for agents and brokers and a revenue-sharing plan through which agents and brokers can earn commission from transactions conducted by agents and brokers they have attracted to eXp. The Company believes that it is the only global cloud-based real estate brokerage with massive scale. This innovative operational structure coupled with the Company's distribution model allows the Company to effectively enter new markets with speed and flexibility and without much of the investment and cost associated with establishing a traditional brokerage.
Primary products
- Cloud-based real estate brokerage
- Revenue-sharing plan
- FrameVR.io
- LYVVE global property search platform
- CRM of Choice
- Co-Sponsor Program
Business segments
End markets
Geographies
Named competitors
“The Company believes that it is the only global cloud-based real estate brokerage with massive scale.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Revenues increased 4% in 2025 compared to 2024, primarily driven by increased home sale prices in the U.S. and increased sales transactions in Canada and international markets.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.