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Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes.
Operating margin is thin at 0.36%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 175.7%, still solid. Margins contracted 13.9pp, which offsets some of the top-line progress.
Free cash flow declined 68% versus the prior year, cash generation momentum has weakened. ROIC dropped from 47.94% to 1.15%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$20M
▲ +175.7% YoY
Net Income (TTM)
-$140K
▼ -90.4% YoY
Op. Margin
-1.30%
▼ -13.9pp YoY
ROIC
-3.17%
▼ -46.8pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$221K
▼ -68.1% YoY
Op. Cash Flow (TTM)
-$2M
▼ -24.5% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$3M
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