Fathom Holdings Inc. reported a significant increase in revenue for the fiscal year ending December 31, 2025, achieving approximately $420.5 million, a 25.4% rise from $335.2 million in 2024. This growth was primarily driven by a 14.6% increase in transaction volume, totaling around 42,405 real estate transactions, attributed in part to the acquisition of My Home Group in November 2024. Despite the revenue growth, the company continued to face challenges, posting a net loss of $20.3 million compared to a loss of $21.6 million in the previous year.
The company made notable strategic moves during the year, including the acquisition of START Real Estate for approximately $1.2 million and the divestiture of its LiveBy business, which resulted in a loss of about $0.9 million. Fathom also expanded its service offerings, launching the Elevate program to support agents with marketing resources and lead generation tools. The company’s agent count slightly decreased by 1.2% to approximately 14,135 licenses, reflecting the competitive nature of the real estate market.
Operationally, Fathom Holdings has focused on enhancing its technology platform, intelliAgent, to improve agent productivity and streamline operations. The company reported an increase in gross commission income to approximately $399 million, with average revenue per transaction rising by 7.9% to $9,404. However, total operating expenses also increased by 21.6% to $436.1 million, driven by higher commission and service costs, which correlated with the increased revenue.
Looking ahead, Fathom Holdings anticipates continued challenges in the real estate market, particularly due to rising interest rates and economic uncertainties. The company aims to achieve positive Adjusted EBITDA in 2026, supported by its low-cost operating model and ongoing efforts to attract and retain agents. Management remains focused on leveraging its technology and expanding its market presence to navigate the current economic landscape effectively.
About Fathom Holdings Inc.
Fathom Holdings Inc. is a technology-driven real estate services platform offering residential brokerage, mortgage, title, and SaaS solutions. Its core business, Fathom Realty, operates with a low-overhead, agent-centric model, providing advanced cloud-based tools and flexible commission plans. Serving the U.S. market across numerous states, it focuses on attracting high-performing agents, leveraging proprietary technology, and expanding through acquisitions and innovation.
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