FTHM (Fathom Holdings) Scaled Net Operating Assets: 0.69 (As of Dec. 2025)


FTHM Fathom Holdings Inc FTHM
59 GF Score
Price $1.04
GF Value $1.60
Valuation Possible Value Trap
! 6 Warning Signs
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What is Fathom Holdings Scaled Net Operating Assets?

Fathom Holdings FTHM -4.17% 59 Scaled Net Operating Assets is 0.69 as of Dec. 2025. GuruFocus rates FTHM with a GF Score™ of 59/100 and a GF Value™ of $1.60 (Possible Value Trap). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fathom Holdings's operating assets for the quarter that ended in Dec. 2025 was $72.3 Mil. Fathom Holdings's operating liabilities for the quarter that ended in Dec. 2025 was $15.0 Mil. Fathom Holdings's Total Assets for the quarter that ended in Sep. 2025 was $83.2 Mil. Therefore, Fathom Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.69.


Fathom Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Fathom Holdings's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fathom Holdings Scaled Net Operating Assets Chart

Fathom Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.63 0.62 0.82 0.71 0.76

Fathom Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.79 0.73 0.66 0.69

FTHM vs OMH, MDRR, ABCP: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Fathom Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fathom Holdings Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Fathom Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Fathom Holdings's Scaled Net Operating Assets falls into.


FTHM
59GF Score
Fathom Holdings Inc FTHM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fathom Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fathom Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(72.271-14.954)/75.397
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=78.044 - 5.773
=72.271

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40.605 - 3.376 - 22.275
=14.954

Fathom Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(72.271-14.954)/83.237
=0.69

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=78.044 - 5.773
=72.271

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40.605 - 3.376 - 22.275
=14.954

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.69 mean?
Fathom Holdings (FTHM) has a Scaled Net Operating Assets of 0.69 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fathom Holdings and its competitors.
Is Fathom Holdings' Scaled Net Operating Assets too high?
Fathom Holdings' current Scaled Net Operating Assets is 0.69. Overall, Fathom Holdings has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fathom Holdings' Scaled Net Operating Assets compare to OMH and MDRR?
Fathom Holdings' Scaled Net Operating Assets of 0.69 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fathom Holdings and its competitors. Fathom Holdings's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fathom Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fathom Holdings (FTHM) is currently considered Possible Value Trap. The stock's GF Value™ is $1.60, compared to a current price of $1.04 — trading 35.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.69. Fathom Holdings' overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Fathom Holdings (FTHM), the current Scaled Net Operating Assets is 0.69 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fathom Holdings (FTHM) Overvalued in 2026?

Based on GuruFocus' analysis, Fathom Holdings stock appears to be undervalued. The current stock price of $1.04 is trading 35.3% below its estimated GF Value™ of $1.60. GuruFocus considers Fathom Holdings to be Possible Value Trap.

Key valuation signals for FTHM:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: $1.60 vs. price of $1.04 (35.3% below fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the FTHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fathom Holdings Business Description

Address 2000 Regency Parkway Drive, Suite 300, Cary, NC, USA, 27518
Fathom Holdings Inc is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, and Software as a Service (SaaS) offerings to brokerages and agents by leveraging intelliAgent , proprietary cloud-based software. The Company's three operating and reportable segments: Real Estate Brokerage, Mortgage, and Title. The majority of revenue is from Real Estate Brokerage, which provides real estate brokerage services.
59GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.04
Price
$1.60
GF Value