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NextHome (Nasdaq: AGNT), a subsidiary of eXp World Holdings, is expanding its Southern California footprint with two new large-office franchises: NextHome Central Coast in Pismo Beach and NextHome Coastal Estates in Oxnard.
Owned by Albert Meggers, the offices launch with nearly 200 agents under a flexible, technology-focused brokerage model.
eXp World Holdings (Nasdaq: AGNT) reported Q1 2026 revenue of $1.0 billion, up 5% year over year, with net loss improving to $(5.1) million or $(0.03) per share. Operating expenses fell 3% to $84.1 million and Adjusted EBITDA rose 88% to $4.1 million.
Cash and equivalents were $122.1 million; Q1 operating cash flow was $20.6 million. The company closed the NextHome acquisition using cash and no debt, and paid a $0.05 per-share dividend, with another $0.05 dividend declared for Q2 2026.
Guidance: Q2 2026 revenue of $1.36–$1.45 billion and full-year 2026 revenue of $4.85–$5.15 billion, with Adjusted EBITDA outlook ranges provided.
eXp World Holdings (Nasdaq: AGNT) announced it has acquired NextHome and will begin trading under the new ticker AGNT at market open on May 8, 2026. The deal brings NextHome’s franchising model and 500+ franchisees into eXp’s cloud brokerage platform.
The acquisition creates a unified multi-model platform offering both franchise and cloud-based options; the company’s CUSIP remains unchanged and no action is required by existing shareholders.