FTHM Overview

Partnership Announcement: Fathom Holdings Inc. has formed a strategic partnership with Move Concierge to enhance the moving experience for its agents and clients by providing access to premium concierge services.

Service Integration: The collaboration aims to streamline the moving process by allowing clients to set up home services through a personal concierge, making it easier and more efficient.

Company Background: Move Concierge has been in operation since 2009, serving over 250,000 customers with a high satisfaction rating, and is recognized for its exceptional customer service.

Fathom's Commitment: This partnership reflects Fathom's dedication to innovation and improving the homeownership journey, positioning itself as a comprehensive service provider in the real estate industry.

Quarterly Performance: Fathom Holdings (FTHM) reported a quarterly loss of $0.13 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.1, but an improvement from a loss of $0.4 per share a year ago. The company also posted revenues of $115.31 million, exceeding estimates by 12.92%.

Stock Outlook: Despite underperforming the market with a 15.7% decline this year, Fathom Holdings has a favorable earnings outlook, currently holding a Zacks Rank #2 (Buy), indicating potential for future outperformance.

Industry Context: The Technology Services industry, to which Fathom belongs, is ranked in the top 30% of Zacks industries, suggesting a positive environment that could influence Fathom's stock performance.

Future Earnings Estimates: The consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $94.82 million, while the fiscal year estimate is -$0.47 on $411.5 million in revenues, indicating cautious expectations moving forward.

Financial Performance: Fathom Holdings Inc. reported a 38% year-over-year revenue growth for Q3 2025, reaching $115.3 million, alongside a 23% increase in transactions and a 24% rise in agent count.

Profitability and Growth Initiatives: The company achieved adjusted EBITDA profitability for the second consecutive quarter and expanded its services, including the acquisition of START Real Estate and the launch of its Elevate program for agent support.

Ancillary Business Success: Fathom's ancillary services, particularly in title revenue, saw significant growth, contributing to the overall performance and demonstrating the effectiveness of its integrated platform.

Future Outlook: Management is optimistic about capturing growth opportunities in the housing market and plans to reassess guidance for Q4 2025 in early 2026, focusing on agent success and new revenue streams.

Strategic Partnership Announcement: Fathom Holdings Inc. has formed a partnership with ByOwner, a leading for-sale-by-owner marketplace, to convert FSBO listings into full-service listings with Fathom agents.

Market Opportunity: With approximately 6% of U.S. home sales listed as FSBO, and over 20% converting to full-service representation, this collaboration aims to tap into a significant market segment, benefiting both FSBO sellers and Fathom agents.

Empowering Sellers: ByOwner's CEO emphasized the partnership's goal to provide FSBO sellers with access to professional support, enhancing their options while maintaining control over their transactions.

Company Backgrounds: Fathom Holdings is a technology-driven real estate services platform, while ByOwner.com connects property owners directly with buyers and renters, aiming to simplify real estate transactions.