Highlights

  • Third quarter Revenue was USD 1,392,857 thousand against USD 1,316,683 thousand.
  • The net loss was USD 4,258 thousand against Net Income of USD 3,497 thousand.
  • Leo Pareja became chief executive on October 8, 2026.
  • Full year revenue is expected at USD 4.85 billion to USD 5.05 billion.

AGNT, Inc. (NASDAQ:AGNT) shares were trading near their 52-week low at USD 3.33 on November 6, 2026, down 14.96% on the day. The company reported third quarter revenue of USD 1,392,857 thousand and a net loss of USD 4,258 thousand.

AGNT has a market Capitalization of about USD 555.67 million at the current price. It operates a diversified portfolio of service based businesses on an enabling technology platform, with most revenue coming from commissions earned by its residential real estate brokerages.

Leadership Change

On October 6, 2026, the board appointed Leo Pareja as chief executive officer, effective October 8, 2026. He succeeded founder Glenn Sanford, who stepped down as chief executive and continues to serve as Chairman of the Board.

Third Quarter Results

Revenues were USD 1,392,857 thousand against USD 1,316,683 thousand. Gross Profit was USD 90,966 thousand against USD 86,204 thousand. Total operating expenses were USD 87,854 thousand against USD 82,188 thousand, and Operating Income was USD 3,112 thousand against USD 4,016 thousand. The net loss was USD 4,258 thousand against net income of USD 3,497 thousand.

Nine-Month Results

Revenues were USD 3,847,946 thousand against USD 3,580,466 thousand, and gross profit was USD 265,110 thousand against USD 254,993 thousand. The operating loss was USD 4,035 thousand against USD 8,736 thousand, and the net loss was USD 12,049 thousand against USD 9,818 thousand.

Management Commentary

Management said operating expenses of USD 87.9 million were within its guidance range of USD 85 million to USD 90 million, and that operating income of USD 3.1 million was down 23% from last year. It said transactions excluding NextHome were up 1.7% and productivity per person was up 6%. It also said the new hub MCP had received more than 1.2 million tool calls since its October 8 launch, and that a Mortgage joint venture with NewRez, Revenos, is expected to launch in early 2027.

For the full year, management now expects revenue of USD 4.85 billion to USD 5.05 billion, and it updated its fourth quarter Operating Expense and EBITDA guidance, citing macro headwinds and elevated legal expenses.

Cash Flow and Balance Sheet

Cash and cash equivalents were USD 111,410 thousand against USD 124,245 thousand at December 31, 2025. For the nine months, net cash provided by Operating Activities was USD 77,580 thousand against USD 104,817 thousand. Net cash used in investing activities was USD 13,565 thousand against USD 20,492 thousand, and net cash used in financing activities was USD 56,435 thousand against USD 68,773 thousand.

Total Assets were USD 474,267 thousand against USD 442,480 thousand. Total liabilities were USD 204,375 thousand against USD 199,701 thousand, and total Equity was USD 269,892 thousand against USD 242,779 thousand. There were 164,714,010 shares outstanding as of September 30, 2026.