eXp World Holdings, Inc. ( AGNT ) Q1 2026 Earnings Call May 11, 2026 8:30 AM EDT Company Participants Jesse Hill - Chief Financial Officer Glennn Sanford - Founder, Chairman & CEO Leo Pareja - Chief Executive Officer Conference Call Participants Thomas White - D.A. Davidson & Co., Research Division Presentation Jesse Hill Chief Financial Officer [Audio Gap] Productivity drove more agents to reach their cap in Q1, resulting in a gross profit of $75.3 million. Operating loss of $8.8 million for the quarter improved 15% year-over-year from a loss of $10.4 million last year, primarily driven by improvements we made to streamline our operations in 2025. Adjusted EBITDA was $4.1 million for the first quarter and above the midpoint of our guidance range of $2 million to $5 million, an increase of 88% over Q1 2025. Operating expenses were $84.1 million at the midpoint of our guidance range in the first quarter.…