eXp World Holdings Reports Q1 2026 Financial Results and NextHome Acquisition
eXp World Holdings, Inc. (Nasdaq: AGNT) announced its financial results for the first quarter of 2026, ending March 31. The company reported revenue of $1.0 billion, a 5% increase from the previous year, driven by rising agent productivity and the strategic acquisition of NextHome. Adjusted EBITDA surged 88% to $4.1 million, while the net loss narrowed significantly to $5.1 million compared to $11.0 million in the same period last year. Operating expenses decreased by 3% to $84.1 million, reflecting improved operational efficiency. CEO Leo Pareja and Chairman Glenn Sanford highlighted the integration of NextHome as a key move toward a multi-model platform that empowers real estate agents. The company funded the acquisition using cash on hand without incurring debt. As of March 31, 2026, eXp held $122.1 million in cash and equivalents. Additionally, the Board declared a quarterly cash dividend of $0.05 per share. These results underscore eXp's focus on scaling its technology-driven ecosystem while maintaining financial discipline and reducing traditional brick-and-mortar overhead costs for its network of agents.
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eXp World Holdings Reports Q1 2026 Financial Results and NextHome Acquisition
eXp World Holdings, Inc. (Nasdaq: AGNT) announced its financial results for the first quarter of 2026, ending March 31. The company reported revenue of $1.0 billion, a 5% increase from the previous year, driven by rising agent productivity and the strategic acquisition of NextHome. Adjusted EBITDA surged 88% to $4.1 million, while the net loss narrowed significantly to $5.1 million compared to $11.0 million in the same period last year. Operating expenses decreased by 3% to $84.1 million, reflecting improved operational efficiency. CEO Leo Pareja and Chairman Glenn Sanford highlighted the integration of NextHome as a key move toward a multi-model platform that empowers real estate agents. The company funded the acquisition using cash on hand without incurring debt. As of March 31, 2026, eXp held $122.1 million in cash and equivalents. Additionally, the Board declared a quarterly cash dividend of $0.05 per share. These results underscore eXp's focus on scaling its technology-driven ecosystem while maintaining financial discipline and reducing traditional brick-and-mortar overhead costs for its network of agents.
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