Fathom Realty(US:FTHM)2025-11-12 21:07Revenue Growth - Fathom achieved 38% year-over-year revenue growth, reaching $115.3 million in Q3 2025, compared to $83.7 million in Q3 2024[9] - Brokerage revenue increased by 39% to $109.2 million in Q3 2025, up from $78.6 million in Q3 2024[10] - Title revenue grew 28.6% to $1.8 million in Q3 2025, compared to $1.4 million in Q3 2024[10] - Fathom's total revenue for the first nine months of 2025 increased 35.5% to $329.9 million, compared to $243.4 million in the same period of 2024[15] - Revenue for the three months ended September 30, 2025, was $115.3 million, a 37.7% increase from $83.7 million in the same period of 2024[30] - Total revenue for the nine months ended September 30, 2025, was $329.9 million, a 35.5% increase from $243.4 million in the same period of 2024[30] Real Estate Transactions - Real estate transactions increased approximately 23% year-over-year to 11,479 in Q3 2025, driven by the addition of My Home Group[9] - Fathom's agent network expanded by 24.1% to approximately 15,371 agents as of September 30, 2025[10] Financial Performance - Adjusted EBITDA was positive $6 thousand for Q3 2025, marking the first consecutive quarters of positive Adjusted EBITDA in the company's history[13] - GAAP net loss for Q3 2025 was $4.4 million, an improvement from a net loss of $8.1 million in Q3 2024[12] - Net loss for the three months ended September 30, 2025, was $4.4 million, compared to a net loss of $8.1 million in the same period of 2024, representing a 46.5% improvement[30] - Adjusted EBITDA for the three months ended September 30, 2025, was $6, compared to a loss of $1.4 million in the same period of 2024[34] Cash Flow and Expenses - Cash, cash equivalents, and restricted cash at the end of the period were $9.9 million, down from $13.4 million at the end of the same period in 2024[32] - Net cash used in operating activities for the nine months ended September 30, 2025, was $8.6 million, compared to $4.4 million in the same period of 2024[32] - Commission and service costs for the three months ended September 30, 2025, were $105.7 million, up from $76.8 million in the same period of 2024, reflecting a 37.6% increase[30] - The company reported a litigation contingency expense of $2.0 million for the three months ended September 30, 2025, down from $3.1 million in the same period of 2024[30] - The company incurred stock-based compensation of $3.0 million for the nine months ended September 30, 2025, compared to $7.1 million in the same period of 2024[34] Future Plans - The company plans to reassess and potentially reinstate guidance expectations in Q1 2026[20] Acquisition - The company acquired START Real Estate in October 2025, aiming to expand its first-time homebuyer program nationwide[5]