Fathom Realty(US:FTHM)2026-03-30 21:30Revenue Performance - Fathom Holdings reported total revenue of $420 million for 2025, reflecting a 25% year-over-year growth, driven by a 15% increase in total transactions[2]. - For Q4 2025, total revenue decreased by 1.2% to $90.6 million, down from $91.7 million in Q4 2024, primarily due to a decline in real estate transactions[5][7]. - Brokerage revenue for Q4 2025 was $84.9 million, a decrease of 3.2% compared to $87.7 million in Q4 2024[5][8]. - Mortgage revenue surged by 70% to $3.4 million in Q4 2025, up from $2.0 million in Q4 2024[5][8]. - Title revenue increased by 38.5% to $1.8 million in Q4 2025, compared to $1.3 million in Q4 2024[5][8]. - Revenue for the year ended December 31, 2025, was $420,477 million, a significant increase from $335,184 million in 2024, representing a growth of 25.4%[25]. Net Loss and Adjusted EBITDA - Fathom's net loss for Q4 2025 was $6.7 million, or $0.21 per share, compared to a net loss of $6.2 million, or $0.29 per share, in Q4 2024[9]. - Adjusted EBITDA for Q4 2025 was negative $2.6 million, an improvement from negative $2.9 million in Q4 2024, due to reduced operating expenses[10]. - Net loss for the year ended December 31, 2025, was $20,307 million, slightly improved from a net loss of $21,577 million in 2024[27]. - Adjusted EBITDA for the year ended December 31, 2025, was $(4,001) million, compared to $(5,710) million in 2024, indicating a reduction in operational losses[29]. Cash Flow and Financial Position - Cash used in operating activities for the year ended December 31, 2025, was $(20,536) million, compared to $(4,688) million in 2024, reflecting increased cash outflows[27]. - Cash and cash equivalents at the end of the period were $5,917 million, down from $7,390 million at the beginning of the period[27]. - The company reported a loss before income tax of $(20,222) million for the year ended December 31, 2025, compared to $(22,599) million in 2024[29]. - The company incurred $3,704 million in stock-based compensation for the year ended December 31, 2025, down from $8,839 million in 2024[29]. - The company’s principal payments on debt for the year ended December 31, 2025, were $(4,570) million, compared to $(602) million in 2024, indicating increased debt repayment[27]. Real Estate Transactions and Strategic Initiatives - For the full year 2025, real estate transactions increased by approximately 14.6% to 42,405, largely due to the acquisition of My Home Group in November 2024[11]. - Fathom Holdings announced strategic partnerships with ByOwner and Move Concierge to enhance service offerings and customer experience[12]. - The company plans to withhold guidance for Q1 2026, with intentions to release 2026 guidance in the second quarter earnings release[16]. Shareholder Information - The weighted average common shares outstanding for the year ended December 31, 2025, were 28,196,335, an increase from 20,244,255 in 2024[25]. - The company reported a loss (gain) on the sale of business of $922 million for the year ended December 31, 2025, compared to a gain of $(2,958) million in 2024[29].