TacticScaleWhat eXp World Does & How It Makes Money (AGNT)
Updated October 2026 · reflects eXp World's latest reported financials
Cloud-based real estate brokerage, formerly eXp World Holdings. Most of its revenue comes from brokerage fees on the residential and commercial real estate transactions it handles as the licensed broker.
How eXp World makes money
Most of its revenue comes from brokerage fees on the residential and commercial real estate transactions it handles as the licensed broker. It also earns money from related services, including the SUCCESS media and training business and the FrameVR.io technology platform.
What eXp World does
AGNT, Inc (formerly eXp World Holdings, renamed in June 2026) runs a cloud-based real estate brokerage for people buying and selling homes. It reports three segments: North American Realty, International Realty, and Other Affiliated Services. As a licensed broker, it handles residential and commercial real estate transactions and offers related support services. It operates in the Americas, Europe, the Middle East, Asia-Pacific, and South Africa. Beyond brokerage, the company owns the SUCCESS brand, a magazine and related media properties that offer training, classes, resources, and tools. It also owns FrameVR.io, a proprietary web-based technology for immersive 3D spaces. The company was incorporated in 2008 and is headquartered in Bellingham, Washington.
Products & services
- Cloud-based residential real estate brokerage
- Commercial real estate transaction brokerage
- SUCCESS magazine and media properties
- SUCCESS training, classes and tools
- FrameVR.io immersive 3D platform
What is eXp World worth?
On an owner-earnings DCF, eXp World's most-likely value is about $11 versus a recent price near $4 (204% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$5) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $4 is below even the no-growth floor ($5); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -3.6%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →