Fathom Holdings Inc ( (FTHM) ) has released its Q1 earnings. Here is a breakdown of the information Fathom Holdings Inc presented to its investors.
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Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings, leveraging its proprietary cloud-based software, intelliAgent. The company operates in the real estate sector, providing comprehensive services to brokerages and agents.
In its first quarter of 2025, Fathom Holdings reported a significant 32% increase in revenue compared to the previous year, surpassing analyst expectations by 12%. The company also expanded its agent network by 22% and increased closed transactions by 26% over the same period in 2024.
Key financial highlights include a total revenue increase to $93.1 million, with brokerage revenue rising by 35.9% and title revenue by 43%. Despite a net loss of $5.6 million, the company reduced its loss per share from $0.31 to $0.24. The launch of the ‘Elevate’ program aims to boost agent productivity and profitability, with plans to onboard 100 new agents monthly by the end of 2025.
Fathom’s management remains optimistic about the future, expecting to achieve EBITDA positivity in the second quarter of 2025. The company is focused on enhancing gross profit through ancillary services and improving operational efficiencies, even amid challenging market conditions.