AGNT (AGNT) investor relations material

Executive summary

• Achieved record Q2 2026 revenue of $1.45 billion, up 11% year-over-year, driven by increased agent productivity, higher home sales prices, and the NextHome acquisition.

• Agent count grew 6% year-over-year to 87,338, with transactions up 12% to over 132,000 and sales volume up 15%.

• Significant operational efficiency gains through AI-native tools and automation, enhancing agent support and scalability.

• Completed the acquisition of NextHome using cash on hand, expanding the platform and maintaining a debt-free balance sheet.

• Continued focus on multi-model platform expansion, agent retention, and productivity gains.

Financial highlights

• Q2 2026 revenue: $1.45 billion (+11% YoY); gross profit: $98.8 million (+7% YoY); operating income: $1.6 million (vs. $2.4 million loss YoY).

• Adjusted EBITDA for Q2 2026 was $25.7 million, up 129% year-over-year and above guidance.

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

• Cash and cash equivalents totaled $111.2 million as of June 30, 2026, up 18% year-over-year.

• Operating expenses were $97.2 million, slightly above guidance due to one-time legal costs.

Outlook and guidance

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

• Full-year 2026 revenue guidance is $4.85 billion–$5.15 billion; adjusted EBITDA guidance tightened to $50 million–$60 million.

• Operating expenses for 2026 expected in the range of $355 million–$365 million.

• Management expects minimal near-term growth due to constrained inventory and elevated interest rates but remains focused on financial flexibility and targeted investments.