- Fathom Holdings (FTHM, Financial) reported a 32.1% year-over-year revenue increase to $93.1 million in Q1 2025.
- The company increased its agent network by 22.8% to 14,715 and transactions by 26% to 9,715.
- Despite a GAAP net loss of $5.6 million, Fathom expects to achieve EBITDA positivity by Q2 2025.
Fathom Holdings Inc. (FTHM) delivered robust financial results for the first quarter of 2025, with total revenue climbing 32.1% to $93.1 million, surpassing analyst expectations by 12%. The brokerage segment was a major contributor, with revenues growing 35.9% to $88.9 million. The company also saw increases in its mortgage and title revenues by 13% and 43%, respectively.
Operational highlights for the quarter include a 22.8% increase in the agent network, now totaling 14,715 agents, and a 26% rise in real estate transactions to 9,715. While the GAAP net loss was $5.6 million ($0.24 per share), it marked an improvement from the $5.9 million loss in Q1 2024.
During the quarter, Fathom launched its new "Elevate" program, designed to enhance agent productivity and profitability. The program aims to onboard 100 new agents monthly by Q4 2025 and is expected to improve long-term profitability by increasing gross profit per transaction.
The company also raised $2.7 million through a registered direct offering and remains focused on reaching EBITDA positive status in the second quarter of 2025. Fathom has temporarily suspended its financial guidance for 2025 as it collaborates with a newly formed Strategy Committee to reassess growth strategies.
