Fathom Realty LLC was founded in January 2010 and later incorporated as Fathom Holdings Inc. in the state of North Carolina on May 5, 2017. We are 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 , our proprietary cloud-based s…
The business is unprofitable at the operating level (-3.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 25.4% YoY with margins expanding 3.3pp.
Negative free cash flow of -$21M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$420M
▲ +25.4% YoY
Net Income (TTM)
-$20M
▲ +5.9% YoY
Op. Margin
-3.71%
▲ +3.3pp YoY
ROIC
-19.65%
▲ +8.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$21M
▼ -335.9% YoY
Op. Cash Flow (TTM)
-$21M
▼ -338.1% YoY
Net Debt
$15M
Cash & Equiv.
$6M
5Y CAGR: +18.9%
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