AGNTNasdaqReal Estate Agents & Managers (For Others)US GAAP · USD

AGNT, Inc.

AGNT, Inc. is a U.S.-based real estate brokerage and affiliated-services company organized around a cloud-based model for residential and commercial property transactions. Its operations span North America and selected international markets through independent agents and brokers, with additional media and training services under the SUCCESS® brand.

Revenue4,772m USD
+4.5 %y/y
Operating profit (EBIT)-21.5m USD
−13.0 %y/y
EBIT margin-0.4%
−0.0 ppy/y
Net income-22.7m USD
−6.8 %y/y
Free cash flow109m USD
−41.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1,00001,0002,0003,0004,0005,000m USD2020: 1,798 m USD2020: EBIT 32 m USD20202021: 3,771 m USD2021: EBIT 34 m USD20212022: 4,598 m USD2022: EBIT 5.4 m USD20222023: 4,281 m USD2023: EBIT -16 m USD20232024: 4,568 m USD2024: EBIT -19 m USD20242025: 4,772 m USD2025: EBIT -21 m USD20254,772-21
RevenueOperating profit (EBIT)

Business

Share of revenue
Real estate brokerage commissions97 %

Licensed brokerage services that process residential and commercial property transactions and earn commissions.

International Realty3 %

Brokerage operations outside North America across selected countries and regions.

Other Affiliated Services0 %

SUCCESS® media properties and related training and professional development offerings.

Customers

The company serves residential homeowners, homebuyers, and property sellers through a network of independent agents and brokers. It also serves real estate professionals who join the platform for commission economics, stock ownership opportunities, and support tools, while SUCCESS® content extends to agents, brokers, staff, and general customers seeking training and professional development.

Residential homeowners and homebuyers

Buy and sell homes through affiliated agents and brokers who earn commissions on completed transactions.

Independent real estate agents and brokers

Join the platform for brokerage affiliation, low entry fees, revenue sharing, and technology-enabled support.

Real estate teams and brokerage owners

Use the model to scale agent productivity and participate in commission economics and equity incentives.

International market participants

Use brokerage services in selected countries outside North America as the company expands its footprint.

Training and media consumers

Consume SUCCESS® magazine, classes, and resources for professional development and business growth.

Strategy

The company is focused on growing its independent agent and broker network in North America and selected international markets while using its cloud-based platform to support productivity and retention. It also seeks to expand through partnerships, technology investment, and adjacent offerings that complement the core brokerage model.

Expand the agent and broker networkShort term

The brokerage model scales by attracting productive agents who generate transactions and commissions.

Invest in proprietary technologyMedium term

Cloud-based transaction and support systems are central to the cost structure and user experience.

Expand internationallyMedium term

New markets provide additional transaction volume and diversify the revenue base beyond North America.

Build adjacent servicesLong term

Media, training, and complementary offerings can deepen engagement and create additional revenue streams.

Geography

AGNT generates the vast majority of its revenue in North America, with operations across all 50 U.S. states and all Canadian provinces. Its International Realty segment spans 27 countries across the Americas, Europe, the Middle East, Asia-Pacific, and South Africa, while affiliated media and support services are tied to the broader agent network.

Risks

The business is exposed to residential real estate cycles, interest-rate sensitivity, and changes in transaction volumes because commissions depend on home sales activity. It also faces regulatory, legal, and compliance risk in brokerage and any adjacent businesses such as mortgage lending, along with execution risk as it enters new countries and relies on independent agents for service quality.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Residential real estate market weakness1Interest-rate and affordability pressure2Regulatory and legal compliance3Agent conduct and service quality4International expansion execution5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Residential real estate market weaknessImpact: HighLikelihood: High

    Commission revenue depends on home sales activity and pricing.

    Exposure: North American Realty

  2. Interest-rate and affordability pressureImpact: HighLikelihood: High

    Higher borrowing costs can reduce homebuyer demand and transaction counts.

    Exposure: Core brokerage volumes

  3. Regulatory and legal complianceImpact: HighLikelihood: Medium

    Brokerage, mortgage, and new market launches require licensing and oversight.

    Exposure: International Realty and adjacent ventures

  4. Agent conduct and service qualityImpact: MediumLikelihood: Medium

    Independent professionals represent the brand and can create liability or reputational damage.

    Exposure: Network-wide

  5. International expansion executionImpact: MediumLikelihood: Low

    Entering new countries requires local market development and higher operating costs.

    Exposure: International Realty

Accounting

Judgemental items
Brokerage commission recognition

Revenue is recognized when real estate transactions close and the company earns its commission.

Impact: Closing timing can shift revenue between quarters and years

Commission sharing with agents

A portion of commissions is paid to affiliated agents and brokers, affecting net revenue and expense presentation.

Impact: Changes in agent mix and capping can alter margins

Stock-based compensation

Awards to service providers are measured at fair value and recognized over the service period.

Impact: Estimates affect operating expense and equity compensation

Discontinued operations and segment reclassification

Disposed or wound-down businesses are removed from continuing operations and prior periods may be reclassified.

Impact: Impacts comparability of revenue and segment trends

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

AGNT, Inc. (AGNT) Revenue, Earnings & Financials 2025 – Clarifo