Fathom
Runs an agent-centered cloud brokerage with mortgage, title, insurance, and workflow software.
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Profile
Earns brokerage fees from a U.S. agent network while cross-selling mortgage origination, title and settlement, insurance-related services, and workflow software. Brokerage provides most revenue, making housing transactions and agent retention central to the model.
Operates a U.S. residential brokerage through Fathom Realty and MHG, giving agents fee plans that let them retain more commission income. Generates brokerage revenue from closed transactions and agent annual, transaction, and high-value-property fees, then uses those relationships to offer Encompass Lending mortgages, Verus Title insurance, escrow, and settlement, Real Results lead generation, and intelliAgent workflow software.
Spans the South, Atlantic, Southwest, and West through a cloud-operated agent network, with real estate brokerage supplying most revenue. Depends on agent recruitment, retention, and transaction volume, while mortgage originations require warehouse funding and channels to sell loans. Brokerage, mortgage, and title activity operates under state-by-state licensing and commission rules, and the pending all-stock transaction would make Fathom a Bed Bath & Beyond subsidiary if its closing conditions are met.
Company facts
Categories
Key statistics
Year to date −25.9% · Average volume (30d) 119.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Oct 13, 2025 | Roth Capital | Target | $2.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.01 | −$0.19 | −1,800.0% | $127.0M | $114.6M | −9.8% | −1.82% |
| Aug 11, 2026Q2 FY26 | −$0.01 | −$0.19 | −1,800.0% | $127.0M | $114.6M | −9.8% | −2.21% |
| Jul 16, 2026Q2 FY26 | −$0.05 | −$0.23 | −360.0% | $93.7M | $86.4M | −7.8% | −6.50% |
| Jun 30, 2026Q1 FY26 | −$0.05 | −$0.05 | 0.0% | $93.7M | $93.7M | 0.0% | +8.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $93.1M | $121.4M | $115.3M | $90.6M | $86.4M | $114.6M | |
| Gross profit | $8.1M | $7.9M | $9.6M | $7.1M | $6.0M | $7.4M | |
| Operating income | −$4.4M | −$2.4M | −$4.0M | −$4.7M | −$7.6M | −$4.1M | |
| Net income | −$5.6M | −$3.6M | −$4.4M | −$6.7M | −$8.2M | −$6.2M | |
| Diluted EPS | −$0.24 | −$0.13 | −$0.15 | −$0.21 | −$0.25 | −$0.19 | |
| Gross margin | 8.7% | 6.5% | 8.3% | 7.9% | 7.0% | 6.5% | |
| Operating margin | -4.8% | -2.0% | -3.5% | -5.2% | -8.8% | -3.6% |
Fiscal years (4-quarter sums)FY21 $330.2M · FY22 $413.0M · FY23 $345.2M · FY24 $335.2M · FY25 $420.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $21.8M · Total debt $29.6M · Total assets $73.4M · Shareholders' equity $23.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 33.18M · Float 15.55M · 46.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Harley Joshua · 10 percent owner | 3.88M | 11.70% | Form 4 | Sep 2, 2025 |
| Prometheus Foundation · 10 percent owner | 2.12M | 6.38% | Form 4 | Mar 27, 2025 |
| Scott N. Flanders · director | 1.58M | 4.75% | Form 4 | Aug 21, 2025 |
| Marco Fregenal · director, officer: Chief Executive Officer | 1.42M | 4.28% | Form 4 | Mar 27, 2026 |
| Adam Rothstein · director | 913.0K | 2.75% | Form 4 | Aug 21, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2025 | Joshua Harley | 10 percent owner | −184,790 | $2.38 |
Peers
- AGNT
Cloud brokerage targeting independent-agent recruitment and retention.
- Compass
Large tech-enabled brokerage and franchise network for U.S. agents.
- Real Brokerage
Digital brokerage platform contesting agents and home-transaction services.
- RE/MAX
Global franchise network plus mortgage brokerage for agents and consumers.
- Rocket Companies
Integrated online mortgage and brokerage platform for home transactions.
- Fidelity National Financial
Large-scale title insurance and settlement services provider.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fathom | $0.6818 | −0.01% | $22.6M | — | — | 0.1 | −5.6% |
| AGNT | $4.32 | +1.77% | $696.7M | — | 63.7 | 0.1 | +10.8% |
| Compass | $10.99 | +0.23% | $6.67B | 102.1 | 150.6 | 0.6 | +109.1% |
| Real Brokerage | $21.35 | +1.14% | $459.6M | — | 287.9 | 0.2 | +29.6% |
| RE/MAX | $12.36 | −9.25% | $249.0M | — | 9.5 | 0.9 | −5.8% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Fidelity National Financial | $47.56 | −0.02% | $12.80B | 16.5 | 8.9 | 0.8 | +11.4% |
| Median | 94.3 | 41.3 | 0.7 | +20.5% |