AGNT Swings to $4.3 Million Loss Despite 6% Revenue Growth in Third Quarter

Key Facts

AGNT reported on November 5, 2026, a net loss of $4.3 million for the third quarter ended September 30, compared with net income of $3.5 million in the same period a year earlier. Diluted loss per share was $0.03, versus diluted earnings per share of $0.02 a year earlier. The swing to a loss came despite a 6% increase in revenue to $1.4 billion from $1.3 billion. According to consensus estimates cited by Investing.com, the company posted revenue of $1.39 billion against a forecast of $1.37 billion. Earnings per share, however, fell short of estimates, with a loss of $0.03 per share versus an expected profit of $0.07.

The results show expanding activity alongside declines in some profitability and cash-flow measures. Operating expenses rose 7% to $87.9 million, compared with $82.2 million in the same period last year. Adjusted earnings before interest, taxes, depreciation and amortization were $17.1 million, down 3% from $17.7 million a year earlier. The company says this financial measure is not in accordance with U.S. generally accepted accounting principles. Net cash generated from operating activities fell to $18.2 million from $28.9 million, while adjusted operating cash flow declined to $41.5 million from $45.4 million.

Chief Financial Officer Jesse Hill said international revenue was the company's fastest-growing segment, rising 27% during the quarter. He added that AGNT ended the period with more than $111 million in cash and cash equivalents and no debt. Company data show cash and cash equivalents of $111.4 million on September 30, compared with $112.8 million in the year-earlier period. Chief Executive Leo Pareja said the company had "grown revenue in a housing market that continues to face challenges." Growth in international revenue was one aspect of the company's performance in a quarter that recorded a net loss and declines in adjusted earnings and operating cash flows.

At the business level, the number of agents and brokers on the AGNT platform rose 5% to 87,457 as of September 30. Real estate sales volume increased 10% year over year to $59.3 billion during the quarter, while the number of transactions rose 8% to 131,546. However, the global agent net promoter score fell to 67 points from 75 points in the same period a year earlier. These indicators combine an increase in participants, transaction volume and sales with a decline in the score compared with its level a year ago. Increased activity did not prevent the company from posting a net loss for the period, as operating expenses rose and adjusted earnings declined.

AGNT shares closed at $3.91 on November 5, according to Investing.com. The stock was down 10.93% over the previous three months and 59.69% over 12 months. These moves come as the company reported a loss per share instead of the profit expected by the analyst consensus cited by Investing.com, while revenue exceeded that consensus. The report does not specify the share's daily change linked to the results announcement. The closing price and performance data cited cover specific periods ending November 5 and do not represent figures for later periods.

AGNT forecast fourth-quarter 2026 revenue of between $1.0 billion and $1.2 billion, with adjusted earnings before interest, taxes, depreciation and amortization ranging from a loss of $7 million to break-even. The upper end of the fourth-quarter revenue range is below the analyst consensus of $1.21 billion, according to Investing.com, while the lower end is $1.0 billion. For fiscal 2026, the company set a revenue range of $4.85 billion to $5.05 billion and adjusted earnings of $40 million to $47 million. The company also announced on October 23 a cash dividend of $0.05 per share for the fourth quarter, expected to be paid on December 4 to shareholders of record on November 20. These guidance ranges and dates provide the main upcoming milestones the company announced after its third-quarter results.