AGNT Posts $1.3 Billion Q3 Revenue, Net Loss

The eXp Realty parent company reported a quarterly net loss after posting year-over-year revenue growth of 6 percent.

Updated on Nov. 6, 2026 in Residential

AGNT Posts $1.3 Billion Q3 Revenue, Net Loss

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AGNT, the holding company of eXp Realty, NextHome, FrameVR.io, and SUCCESS Enterprises, reported third-quarter revenue of $1.3 billion, up 6 percent year over year. The company posted a net loss of $4.3 million, reversing prior-year net income of $3.5 million.

Why it matters

The swing to a loss came as operating expenses rose 7 percent to $87.9 million, partly from investment in new mortgage, seller, and showing tools. For U.S. buyers and sellers, the report reflects a housing market where mortgage rate fluctuations have kept many homebuyers from taking advantage of rising inventory.

The company reported 87,457 agents, up 5 percent from a year earlier, who recorded 131,546 transactions worth $59.3 billion, with growth in both measures. Its ending cash position exceeded $111 million with no debt, while the 2027 guidance and the cost trajectory for Open Real Estate remain unresolved.

The players

AGNT

The holding company of eXp Realty, NextHome, FrameVR.io, and SUCCESS Enterprises, operating one of the largest agent-based residential real estate networks in the United States.

eXp Realty

A cloud-based residential brokerage owned by AGNT that operates with an agent-centric compensation model.

NextHome

A residential real estate brokerage franchise network that AGNT acquired in May.

The details

AGNT's agent count growth slowed from 6 percent in the previous quarter, and international revenue grew 27 percent. The company launched Open Real Estate alongside Keller Williams, HomeServices of America, and Real REMAX Group, and it added a Model Context Protocol connector layer letting each agent use a preferred AI assistant within AGNT OS rather than building its own assistant.

May: AGNT purchased NextHome.
Early October: AGNT unveiled new mortgage, seller, and showing tools at eXpcon.
Q3 2026: Revenue of $1.3 billion and net loss of $4.3 million reported.
Q4 2026: Revenue expected between $1 billion and $1.2 billion; 2027 guidance to follow.
5 p.m. ET, November 5, 2026: AGNT earnings call.

Housing Market Context

The results arrive after the sharp mortgage rate increases of 2022 and 2023 reshaped U.S. home sales, with the October average mortgage rate reaching 7.61 percent. AGNT's performance suggests brokerages are still adjusting to buyers who have more inventory but face rates that limit purchasing activity.

Homebuyers and sellers working with brokerages in this network may see changes to the mortgage, seller, and showing tools launched at eXpcon. Mortgage rates near 7.61 percent continue to shape how many buyers can take advantage of rising inventory.

The takeaway

Buyers and sellers should track how mortgage rates and brokerage tools evolve together, since both affect whether rising inventory translates into completed sales. Reviewing current rate quotes before making a move can clarify what a purchase or listing will cost.

What happens next

AGNT will hold its earnings call at 5 p.m. ET on November 5, 2026, and expects Q4 revenue between $1 billion and $1.2 billion, with 2027 guidance to follow in Q4.