Slides
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AGNT ™ Q2 2026 Financial Results Virtual Fireside Chat August 4 , 2026 slido.com event code : #AGNT
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Leo Pareja Jesse Hill Glenn Sanford CEO eXp Realty, LLC Chief Financial Officer AGNT, Inc. Founder, Chairman & CEO AGNT, Inc. Q2 2026 Earnings Speakers
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There will be a number of forward-looking statements made today that should be considered in conjunction with the cautionary statements contained in the Company’s SEC filings. Forward looking statements are often identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “could,” “can,” “would,” “potential,” “seek,” “goal” and similar expressions. Forward-looking statements include, without limitation: the Company’s financial outlook for the third fiscal quarter of 2026 and full year 2026, including revenue, operating expenses and Adjusted EBITDA; expectations regarding operating leverage, profitability, and cash generation; anticipated benefits from prior operational discipline initiatives; capital allocation priorities; potential growth and enhancement opportunities; international expansion; development, deployment and integration of artificial intelligence and other technology initiatives; enhancement of the SUCCESS® brand and related agent resources; agent productivity, attraction and retention; development and integration of technology and artificial intelligence solutions; statements related to consumer attitudes; the Company’s outlook and the real estate industry outlook; non-U.S. GAAP financial measures; the ability of the Company to succeed despite market conditions; opportunities to enhance long- term shareholder value; dividend payments; and capital allocation. 1 Forward-looking statements are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. These risks and uncertainties include, without limitation: adverse changes in residential real estate market conditions, interest rates, consumer confidence, or broader macroeconomic factors; fluctuations in agent attraction, retention, and productivity; the Company’s ability to achieve anticipated operating efficiencies and cost management objectives; variability in stock-based compensation expense and other non-cash charges; risks related to expansion into new markets or international jurisdictions; the successful development, integration and adoption of AI-enabled tools and other technology initiatives; competitive pressures, including changes in commission structures or brokerage models; regulatory, tax, or legal developments, including litigation outcomes; cybersecurity incidents or technology disruptions; capital allocation decisions, including dividends or share repurchases; the timing, structure, or completion of potential growth and enhancement opportunities, if any, and the Company’s ability to realize anticipated benefits therefrom; and those risks and uncertainties described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the financials page of the Company’s website at www.expworldholdings.com and on the SEC website at www.sec.gov. Except as required by law, the Company does not intend, and assumes no obligation, to update or revise any forward-looking statements or information to reflect future events or circumstances. Forward Looking Statements Within the meaning1 of the Private Securities Litigation Reform Act of 1995 Excluding the information from sources indicated, the content of this presentation is copyright 2026 AGNT, Inc. All rights reserved.
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Welcome to our metaverse on the web Click on a screen to zoom in. If you experience audio issues, refresh your browser or log out and re-enter.
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slido.com event code: #AGNT # AGNT
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Q2 2026 Business Highlights Leo Pareja Chief Executive Officer eXp Realty
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Built by Agents. Built for Agents. AGNT is the global operating system for the modern real estate entrepreneur: a multi-model platform where independent agents, franchise owners, and team leaders all find a home built for the way they want to grow. Two models. Maximum optionality. TM
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eXp Realty is the undisputed cloud-based leader. NextHome offers a premier franchise experience. Together, these two complementary brands expand our agent offering and serve a wider segment of the market. Multi-model Platform Leadership Shared Professional Services Growth Engine Global Referral Network Experienced agents and seasoned operators at both brands driving execution with aligned incentives. Consolidated back-office, legal, and technology resources driving efficiency across both brands. Complementary platform that unlocks multi-model reach across distinct market segments. Cross-brand referral infrastructure connecting eXp agents with NextHome franchisees and agents worldwide.
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Record revenue, driven by increased agent productivity Built for Agents, Proven by Results A record quarter built on agent success Agents 87,338 +6% Revenue $1.4B +11% Productivity +6% Transactions* per agent 132,497 +12% Transactions* Percentages represent year-over-year growth rates. * Real estate sales transactions
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Retaining Our Most Productive Agents. Every Quarter. Non-Productive agents leaving the industry 67% of non-productive agents in the U.S. who left eXp also left the industry in Q2 Growing productivity with teams 41% of new Q2 agents were on teams, and agents on teams are 78% more productive than individual agents Co-Sponsor Program: One-Year Anniversary Agents with a Co-Sponsor show 40% higher production and have a 10% higher retention rate Source: Company data, Q2 ‘26. Agent attrition statistics based on prior 12 months of transactions data. 0 - 2 sales 3 - 7 sales 8 - 12 sales 13 - 20 sales 21+ sales 76% 15% 4% 3% 2% Attrition by U.S. Agent Annual Productivity
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Introducing AGENT OS Built by Agents. Built for Agents.
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Trained on thousands of documents with over 5 million documents reviewed and 22,000 daily uploads Doc AI (Document Review Assistant) Task Center Automations Task Center automations resulted in a 19% increase in files handled per Transaction Analyst AI-Enhanced eXpert Care Resolved the vast majority of incoming chats automatically A Platform Built to Scale Transforming into an AI-native brokerage: Q2 2026 12 Comprehensive Advertising Review Logic Operator (CARLO): Automated system deployed across residential brokerage operations (with Commercial in progress) to review agent advertising/signage and log broker supervision CARLO Broker Assistant Delivers immediate, scalable, after-hours (level one) assistance for policies, procedures, and guidance across state sites and the eXp Community Hub FastCAP AI-Powered Agent Development: Features an AI role-play accelerator used over 2,800 times in Q2 for scalable, on-demand skill development
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13 THE OPERATING SYSTEM Project-management tool that keeps every transaction on track, from contract to close. Projex Native e-signature built directly into the platform for seamless document execution. eXp eSign Events command centre for agent training, conferences and community gatherings. ORBIT Global property-search platform connecting buyers and sellers across borders in one seamless experience. LYVVE The always-available voice layer of the operating system - live in the UK and expanding globally through 2026. AI LEE Centralised property and transaction document storage - built for compliance, audit and at-scale operations. eXp Files ONE SYSTEM, FOUR FOUNDATIONS Unified login. One profile. All products. One Identity Shared data. Real-time sync. Always accurate. One Data Layer AI that understands you, your business and your clients. One AI Layer Modular by design. Powerful as one system. Built to Scale
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01 Record Results, Built the Right Way Record revenue in Q2, alongside meaningful gains in operating efficiency. Progress we control, delivered. 02 Becoming AI-Native Giving agents the tools to run their business and be productive — while raising our own operating efficiency. It's working. 03 Multi-Model, By Design Expanding the ways agents, teams, and franchise owners can build with us. Positioned to Win A record quarter with a stronger, AI-native platform built for agents
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Chief Financial Officer, AGNT, Inc. Jesse Hill Q2 2026 Business Highlights
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87,338 Agents +6% YoY Q2 2026 5.5 Productivity per Person +6% YoY $60.5 B Sales Volume +15% YoY 132.5 K Sales Transactions +12% YoY Operating Performance Increased agent count and productivity. Efficiency improvements driven through stronger transactions to staff ratio.
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(1) A reconciliation of adjusted EBITDA (a non-U.S. GAAP financial measure) to net income (loss) and a discussion of why management believes adjusted EBITDA is useful to investors is included in the Appendix. Q2 2026 $1.4 B Revenue +11% YoY $25.7 M Adjusted EBITDA(1) +129% YoY $1.6 M Oper. Income (Loss) +169% YoY $111.2 M Cash +18% YoY $98.8 M Gross Profit +7% YoY Prior investments in technology and process improvements are strengthening the top and bottom lines, excluding one-time items. Consolidated Financial Performance
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All percentage changes shown represent year-over-year (YOY) comparisons against Q2 2025, except where otherwise indicated Consolidated results for AGNT include corporate and intercompany eliminations (1) A reconciliation of adjusted EBITDA (a non-U.S. GAAP financial measure) to net income (loss) and a discussion of why management believes adjusted EBITDA is useful to investors is included in the Appendix. Segment Performance OtherNA Realty INTL Cons. Revenue Adj. EBITDA Oper. Income (Loss) +10% $1.4B +11% $7.9 M +55% $30.7M +44% $46.4M +57% $(1.8) M +66% $(1.3) M -3% $0.7 M +92% $(0.2) M +11% $1.4B +169% $1.6 M +129% $25.7 M Q2 2026 +89% $(0.3) M Corp/Elim +12% $(0.5) M -45% $(3.5) M -42% $(4.2) M (1)
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2026 Outlook (1) Adjusted EBITDA is a non-U.S. GAAP financial measure and has not been reconciled to the most comparable GAAP outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates of adjusted EBITDA are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the Securities and Exchange Commission. Innovation. Efficiency. Growth. Agent Success. FY 2026 Revenue $4.85 - $5.15 billion Expenses $355 - $365 million Adjusted EBITDA $50 - $60 million Q3 2026 Revenue $1.35 - $1.45 billion Expenses $85 - $90 million Adjusted EBITDA $17 - $22 million (1) (1)
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Founder, Chairman & CEO AGNT, Inc. Glenn Sanford Q2 2026 Business Highlights
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The Most Agent-Centric Real Estate Brokerage on the Planet TM A Differentiated Platform Creating Value & Driving Success Worldwide The Platform
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Leo Pareja Jesse Hill Glenn Sanford CEO eXp Realty, LLC Chief Financial Officer AGNT, Inc. Founder, Chairman & CEO AGNT, Inc. Q&A slido.com event code:#AGNT
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Visit our website, AGNT.Inc, for the latest updates on news, results & events. Find the recording of this call & our latest investor presentation. Stay Up-to-Date
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Appendix
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Segment Financial Results
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Key Business Metrics
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Non-U.S. GAAP Financial Measures Adjusted EBITDA helps identify underlying trends in the business that otherwise could be masked by the effect of the expenses that are excluded in adjusted EBITDA. In particular, the Company believes the exclusion of stock and stock option expenses provides a useful supplemental measure in evaluating the performance of operations and provides better transparency into results of operations. The Company defines adjusted EBITDA to mean net income (loss) from continuing operations, excluding other income (expense), income tax benefit (expense), depreciation, amortization, impairment charges, litigation contingency expenses, legal costs non-recurring, stock- based compensation expense, and stock option expense. To provide investors with additional information regarding our financial results, this chat deck includes references to adjusted EBITDA which is a non-U.S. GAAP financial measures that may be different from similarly titled measures used by other companies. This measure is presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The Company’s non-U.S. GAAP financial measure provides useful information about financial performance, enhances the overall understanding of past performance and future prospects, and allows for greater transparency with respect to key metrics used by management for financial and operational decision-making. This measure may also provide an additional tool for investors to use in comparing core financial performance over multiple periods with other companies in the industry.
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Reconciliation of GAAP to Non-GAAP Financial Measures