Linkhome Holdings Inc. reported significant financial growth in its latest quarterly filing, with net revenues for the three months ended March 31, 2025, reaching $5.7 million, a substantial increase of 399.1% compared to $1.1 million in the same period last year. This surge was primarily driven by a 492.7% increase in revenue from property purchases and sales through its Cash Offer program, which accounted for approximately 96% of total revenues. The company’s net income also doubled, rising to $80,629 from $40,292 in the prior year, reflecting a 100.1% increase.
The financial performance highlights a notable shift in Linkhome's operational strategy, particularly the expansion of its Cash Offer program, which allows the company to purchase properties in cash and resell them to clients. This program facilitated six property transactions in the first quarter of 2025, compared to just one in the same period of 2024. The average transaction price for these properties was approximately $0.9 million. Additionally, the company reported a slight increase in real estate service revenue, which rose to $229,536, driven by growth in agency commissions and home renovation services.
Operationally, Linkhome Holdings has made strategic adjustments, including a focus on enhancing its technology integration, particularly through artificial intelligence, to streamline real estate transactions. The company aims to establish a nationwide marketing network and improve its service offerings to meet diverse client needs. As of March 31, 2025, Linkhome had 14,505,000 shares of common stock outstanding, maintaining its status as a smaller reporting company and an emerging growth company.
Despite the positive revenue growth, Linkhome's cost of revenues also increased significantly, totaling $5.4 million, which reflects a 494.9% rise from the previous year. This increase was primarily due to higher transaction volumes associated with the Cash Offer program. The gross profit margin decreased to 4.6% from 20% in the prior year, indicating that while revenues grew, the costs associated with generating those revenues rose at a faster rate.
Looking ahead, Linkhome Holdings plans to continue expanding its Cash Offer program and enhance its real estate technology platform. The company anticipates that its current cash reserves and operational cash flows will be sufficient to meet its working capital needs over the next 12 months. However, it may seek additional financing to support its growth initiatives, which could include debt or equity financing. The management remains optimistic about future revenue growth and profitability as it navigates the competitive real estate market.
About Linkhome Holdings Inc.
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