eXp World Holdings, Inc. (AGNT) on Monday issued its performance guidance for the second quarter of 2026, projecting revenue in the range of $1.36 billion to $1.45 billion, with adjusted EBITDA expected to be between $16 million and $21 million. Concurrently, the company has finalized its acquisition of NextHome and officially changed its stock ticker symbol to "AGNT" as of last Friday.

The company's first-quarter results, also released on Monday, showed revenue increased by 5% year-over-year to $1.055 billion. The net loss narrowed to $5.09 million from $11.02 million in the same period last year. Adjusted EBITDA was $4.1 million, an 88% increase year-over-year, marking a return to profitability on that metric. As of the end of the first quarter, the company held $122 million in cash and cash equivalents. The number of agents and brokers reached 82,332, representing a 1% increase from the prior year.

The name change and new ticker "AGNT" are intended to reflect the company's strategic shift towards an "agent-centric" multi-platform model. Following the NextHome acquisition, eXp will augment its existing cloud-based brokerage model with a real estate franchising model encompassing over 500 franchise locations. This transition positions the company as a "multi-model platform" capable of supporting various business models simultaneously.

Leo Pareja, CEO of eXp Realty, stated, "The industry has reached an inflection point where a one-size-fits-all model no longer serves visionary entrepreneurs. Adding the NextHome franchise model provides our agents and franchisees with maximum choice." Management also noted that the near-term financial contribution from NextHome is expected to be modest and has not been incorporated into the full-year 2026 guidance. The company reaffirmed its full-year 2026 revenue target of $4.85 billion to $5.15 billion, with adjusted EBITDA projected between $50 million and $75 million.