Monitor agent count and transaction volume trends in the coming quarters to gauge whether the NextHome multi-model strategy gains traction. The maintained full-year guidance implies confidence in H2 2026 acceleration. The drop in aNPS could signal retention risk.
Price Chart
Executive Summary
eXp World Holdings (AGNT) reported Q1 2026 revenue of $1.0B (+5% YoY) and a narrower net loss of -$5.1M vs -$11.0M last year, with Adjusted EBITDA up 88% to $4.1M. Full-year 2026 guidance was maintained, and the NextHome acquisition positions the company for a multi-model strategy. While profitability is improving, the company remains GAAP-loss-making, and agent satisfaction metrics declined notably.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $1.0055B, up 5% YoY from $954.9M
- Net loss narrowed to -$5.1M from -$11.0M YoY; diluted EPS -$0.03 vs -$0.07
- Adjusted EBITDA rose 88% to $4.1M from $2.2M
- Full-year 2026 guidance maintained: revenue $4.85B-$5.15B, Adj. EBITDA $50M-$75M
- Q2 2026 outlook: revenue $1.36B-$1.45B, Adj. EBITDA $16M-$21M
- Agent NPS fell to 67 from 78 a year ago; agent count up 1% to 82,332
- NextHome acquisition completed with cash on hand, zero debt
Financial Impact
Revenue growth of ~5% and meaningful margin improvement, but still negative GAAP earnings.
Risk Factors
- Agent satisfaction decline (aNPS 67 vs 78) may lead to agent attrition
- Housing market slowdown could pressure transaction volumes
- Integration risk with NextHome franchise model
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-058204 |
| Document: agnt-20260511x8k.htm | 0001104659-26-058204 |
| Document: 0001104659-26-058204-index-headers.html | 0001104659-26-058204 |
| Document: 0001104659-26-058204-index.html | 0001104659-26-058204 |
| Document: 0001104659-26-058204.txt | 0001104659-26-058204 |
| 8-K Data (Synthetic) | 0001104659-26-058204 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 8-K | — | awaiting T+20 | — | — |
May 11, 2026 24w ago | Press Release | $5.22 $4.70 | ▼ −9.88% | ▼ −8.15% | — |
May 11, 2026 24w ago | Press Release | $6.04 $4.84 | ▲ +19.87% | ▲ +19.56% | — |
May 11, 2026 24w ago | 8-K | $6.04 $4.84 | ▼ −19.87% | ▼ −19.56% | — |
May 7, 2026 24w ago | 8-K | $6.74 $4.78 | ▼ −29.15% | ▼ −32.29% | — |
May 1, 2026 25w ago | Press Release | $6.44 | awaiting T+20 | — | — |
May 1, 2026 25w ago | DEFA14A | $6.44 $4.92 | ▼ −23.60% | ▼ −28.89% | — |
Apr 24, 2026 26w ago | DEFA14A | $6.51 $5.05 | ▼ −22.43% | ▼ −27.38% | — |
Apr 24, 2026 26w ago | 8-K | $6.45 $5.01 | ▼ −22.33% | ▼ −26.35% | — |
Apr 20, 2026 27w ago | DEFA14A | $6.49 $4.73 | ▼ −27.20% | ▼ −32.11% | — |
US Market Status
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