AGNT (AGNT) investor relations material

Executive summary

• Achieved record Q2 2026 revenue of up to $1.45 billion, up 11% year-over-year, driven by increased agent productivity, expanded agent base, and platform enhancements, including the NextHome acquisition.

• Ended Q2 with 87,338 agents (up 6% YoY) and over 132,000 real estate sale transactions (up 12% YoY), with sales volume up 15% YoY.

• Productivity per agent rose 6%, supported by teams, co-sponsor programs, and AI-native platform initiatives.

• Completed NextHome acquisition using cash on hand, expanding franchise operations and maintaining a debt-free balance sheet.

• Continued transformation into a multi-model, AI-native platform, integrating complementary brands and global referral networks.

Financial highlights

• Q2 2026 revenue reached up to $1.45 billion (+11% YoY); gross profit was $98.8 million (+7% YoY).

• Operating income was $1.6 million, up 169% YoY, reversing a prior-year loss; adjusted EBITDA was $25.7 million (+129% YoY).

• Net loss for Q2 2026 was $2.7 million, or ($0.02) per share.

• Cash and equivalents at June 30, 2026: $111.2 million, up 18% YoY; net working capital increased to $133.1 million.

• Dividend of $0.05 per share paid in Q2 2026; $8.2 million distributed in cash dividends.

Outlook and guidance

• Q3 2026 revenue expected between $1.35 billion and $1.45 billion; adjusted EBITDA guidance $17 million–$22 million.

• Full-year 2026 revenue guidance: $4.85 billion–$5.15 billion; adjusted EBITDA: $50 million–$60 million; operating expenses $355 million–$365 million.

• Management expects minimal near-term growth due to constrained inventory and elevated interest rates.