AcquisitionsMay 11, 2026, 06:21 AM
eXp World Holdings Acquires NextHome; Reports Q1 Results
AI Summary
eXp World Holdings, Inc. announced its Q1 2026 financial results, reporting a 5% increase in revenue to $1.0 billion and an 88% surge in Adjusted EBITDA to $4.1 million. The company also highlighted its strategic acquisition of NextHome, Inc., which transforms it into a multi-model leader, and its new ticker symbol 'AGNT'. Additionally, the Board of Directors declared a cash dividend of $0.05 per share for the second quarter of 2026, payable on June 5, 2026.
Key Highlights
- Acquired NextHome, Inc., expanding to a multi-model platform.
- Changed ticker symbol to 'AGNT' reflecting new strategic position.
- Q1 2026 revenue increased 5% to $1.0 billion from $954.9 million.
- Q1 2026 net loss narrowed to $(5.1) million from $(11.0) million year-over-year.
- Q1 2026 Adjusted EBITDA surged 88% to $4.1 million from $2.2 million.
- Board declared a $0.05 cash dividend per share for Q2 2026.
- Global agent count increased 1% to 82,332 as of March 31, 2026.
- Q2 2026 revenue outlook is between $1.36 billion and $1.45 billion.