Real estate platform eXp World's Q2 revenue beats estimates
EXPI•Outlook
- AGNT sees Q3 revenue between $1.35 bln and $1.45 bln
- Company expects Q3 operating expenses of $85 mln to $90 mln
- AGNT forecasts 2026 revenue of $4.85 bln to $5.15 bln
Overview
- U.S. real estate platform's Q2 revenue grew 11%, slightly beating analyst expectations
- Adjusted EBITDA for Q2 more than doubled and beat analyst expectations
- Company completed NextHome acquisition with cash on hand, maintaining debt-free balance sheet
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $1.45 bln | $1.39 bln (3 Analysts) |
| Q2 Net Loss | $2.7 mln | ||
| Q2 Adjusted EBITDA | Beat | $25.7 mln | $18.37 mln (3 Analysts) |
| Q2 Dividend | $0.05 |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result drivers and analyst coverage
- Agent productivity & retention - Co said record revenue and transactions were driven by agents choosing to grow their businesses on the platform, with higher retention among top producers and increased transactions per agent, per CEO Leo Pareja
