Revenue growth and agent metrics are solid, but the Q3 guidance midpoint for Adj. EBITDA ($19.5M) is well below Q2's $25.7M run rate, suggesting margin pressure ahead. Monitor housing market trends and NextHome integration progress. The narrowed FY guidance range implies confidence in full-year profitability trajectory, but sequential EBITDA decline may cap near-term upside.
Price Chart
Executive Summary
AGNT reported record Q2 revenue of $1.449B (+11% YoY) and Adjusted EBITDA of $25.7M (+129% YoY), driven by 6% agent growth and 12% transaction growth. However, net loss widened to $2.7M (EPS $(0.02) vs $(0.01) a year ago) and Q3 Adjusted EBITDA guidance ($17-22M) implies a sequential decline from Q2's $25.7M, creating a mixed picture.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $1.449B (+11% YoY), a record
- Adjusted EBITDA $25.7M (+129% YoY); net loss $(2.7M) vs $(2.3M) YoY
- Diluted EPS $(0.02) vs $(0.01) YoY; no analyst consensus for current quarter provided in filing
- Agents and brokers 87,338 (+6% YoY); real estate transactions +12% to 132,497; sales volume +15% to $60.5B
- Q3 2026 guidance: revenue $1.35B-$1.45B, Adj. EBITDA $17M-$22M
- FY 2026 guidance: revenue $4.85B-$5.15B, Adj. EBITDA $50M-$60M (narrowed)
- Cash and equivalents $111.2M; debt-free balance sheet; declared $0.05/sh dividend for Q3
- Included $4.3M litigation contingency charge in Q2; stock-based compensation $12.1M
Financial Impact
Revenue +11% to $1.449B; Adjusted EBITDA +129% to $25.7M; net loss increased $0.4M to $(2.7M)
Risk Factors
- Q3 Adj. EBITDA guidance $17-22M is 23-34% below Q2 actuals, signaling potential margin compression
- Litigation contingency of $4.3M adds uncertainty to future expense levels
- Housing market sensitivity: rate changes, affordability, and competition could impact transaction volumes
- Agent retention and productivity: aNPS declined to 69 from 77 YoY
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3338844 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 5w ago | 8-K | $3.88 $3.58 | ▼ −7.73% | ▼ −10.71% | $4.08 (+5.15%) |
Sep 8, 2026 6w ago | 8-K | $3.70 $3.79 | ▲ +2.44% | ▲ +0.24% | $4.08 (+10.42%) |
Aug 4, 2026 11w ago | Press Release | $4.05 $3.99 | ▼ −1.48% | ▼ −0.88% | $4.08 (+0.74%) |
May 29, 2026 21w ago | 8-K | $4.77 $5.41 | ▲ +13.42% | ▲ +14.72% | $4.08 (−14.47%) |
US Market Status
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