AGNT (AGNT) Stephens Annual Investment Conference summary

Company overview and platform evolution

• Built as a cloud-based, asset-light platform, now with 83,000+ agents in 28 countries, disrupting traditional real estate brokerage models.

• Focuses on empowering agents with innovative technology, community-building, and ancillary business opportunities.

• Internal collaboration tools and metaverse platforms like FrameVR foster global community and collaboration, leveraging AI and localization.

Agent growth, retention, and community

• Team-based agents now comprise 40% of new joiners, enabling multi-market expansion and lower churn rates among high-performing teams.

• Attrition improved 18% YoY, driven by investments in productivity tools like eXp University and value-added services.

• Community is maintained through frequent events, both virtual and in-person, with 2026 set as the "year of the event" to foster human connection amid digital commoditization.

International and commercial expansion

• International revenue surpassed $100M, up 68% YoY, with a refined, cost-efficient playbook for new market entry and focus on leadership quality.

• Commercial arm leverages national contracts and technology to compete with major incumbents, with international expansion offering a "light" version of the U.S. model.

• Ambitious goal to reach 50,000 agents in 50 countries by 2030, with significant runway in both North America and global markets like Japan.