Core Insights - Fathom Holdings reported a quarterly loss of $0.13 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.10, but an improvement from a loss of $0.40 per share a year ago [1] - The company achieved revenues of $115.31 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 12.92% and showing a year-over-year increase from $83.73 million [2] - Fathom Holdings has surpassed consensus revenue estimates four times over the last four quarters, indicating a positive trend in revenue performance [2] Financial Performance - The earnings surprise for the recent quarter was -30.00%, and the company had a prior expectation of a loss of $0.03 per share, which resulted in a surprise of -233.33% [1] - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $94.82 million, and for the current fiscal year, it is -$0.47 on revenues of $411.5 million [7] Market Position - Fathom Holdings shares have declined approximately 15.7% since the beginning of the year, contrasting with the S&P 500's gain of 16.2% [3] - The Zacks Industry Rank places Technology Services in the top 30% of over 250 Zacks industries, suggesting a favorable industry outlook that could positively influence stock performance [8] Future Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and the revisions of earnings estimates in the near future [3][4] - The estimate revisions trend for Fathom Holdings was favorable prior to the earnings release, resulting in a Zacks Rank 2 (Buy), indicating expectations for the stock to outperform the market [6]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $115.3 million, a 37.7% increase year-over-year from $83.7 million in Q3 2024, driven by a 39% increase in brokerage revenue [17][19] - Gross profit increased by 39.1% year-over-year, reaching over $9.6 million, with a gross profit margin consistent at 8.3% [6][18] - Adjusted EBITDA improved to $6,000 in Q3 2025 from a negative $1.4 million in Q3 2024, reflecting higher revenue and improved operating leverage [20] Business Line Data and Key Metrics Changes - Brokerage segment revenue was $109.2 million, a 39% increase year-over-year, primarily due to the acquisition of My Home Group [20][21] - Mortgage segment revenue increased to $3.5 million from $2.9 million, with adjusted EBITDA of $161,000 compared to a loss of $319,000 in the prior year [23] - Veras Title revenue grew by 28.6% to $1.8 million, although adjusted EBITDA showed a loss of $191,000, worsening from a loss of $92,000 in the previous year [24] - Technology segment revenue was $829,000, up from $785,000, with adjusted EBITDA improving to $488,000 from $152,000 [25] Market Data and Key Metrics Changes - The residential real estate market is showing early signs of recovery, with narrowing spreads between the 10-year Treasury yield and the 30-year mortgage rate [26] - The company anticipates that small brokerages will explore opportunities to merge with or partner with larger firms, indicating a trend towards consolidation in the industry [28] Company Strategy and Development Direction - The company aims to diversify revenue streams with higher margin products and services, expand flagship programs like Elevate and Start, and strengthen attach rates across mortgage and title [29] - The Elevate program is designed to enhance agent productivity and profitability, with over 165 agents already onboarded [12][29] - The acquisition of Start Real Estate is expected to capture a significant share of the first-time home buyer market, with plans to expand into more states [13][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market's recovery and the potential for programs like Start Real Estate and Elevate to gain momentum [26][27] - The company is focused on achieving operational cash flow breakeven by Q2 2026, with a commitment to disciplined execution [29] Other Important Information - The company ended the quarter with $9.8 million in cash, including $6.5 million from a public stock offering [25] - The company has not made any share repurchases during the first nine months of 2025 [25] Q&A Session Summary Question: Can you elaborate on the go-to-market strategy for IntelliAgent licensing? - The company has established relationships with several hundred small brokers and plans to accelerate discussions with the identified 18,000 brokers in Q1 of next year [31] Question: What are the attach rates for Start Real Estate as it expands into more states? - The attach rate for Start Real Estate is over 70%, and the company anticipates maintaining this rate as it expands into new states [33][34]

Core Insights - Fathom Holdings Inc. reported a 38% year-over-year revenue growth for Q3 2025, driven by a 23% increase in transaction volume and a 24% rise in agent count [1][2][11] - The company achieved adjusted EBITDA profitability for the second consecutive quarter, indicating improved operational efficiency [1][9] Financial Performance - Total revenue for Q3 2025 reached $115.3 million, up from $83.7 million in Q3 2024, marking a 37.7% increase [7][11] - Real estate brokerage revenue increased by 39% to $109.2 million, while mortgage revenue rose by 20.7% to $3.5 million [11] - The net loss for Q3 2025 was $4.4 million, or $0.15 per share, an improvement from a net loss of $8.1 million, or $0.40 per share, in Q3 2024 [8][11] Operational Highlights - Real estate transactions increased approximately 23% year-over-year to 11,479 in Q3 2025, primarily due to the addition of My Home Group [6][10] - The agent network grew by 24.1% to approximately 15,371 licenses as of September 30, 2025 [11] - Fathom's ancillary businesses, particularly title services, saw a 29% year-over-year growth in revenue [3] Strategic Initiatives - The company expanded its title services into Arizona and Alabama and acquired START Real Estate to enhance its first-time homebuyer program [4][11] - Fathom's Elevate program onboarded 70 agents, aimed at increasing productivity and retention [11] - The company plans to operate in a total of fifteen states within the next year, leveraging its proprietary technology [4][5] Future Outlook - Management remains focused on driving agent success and increasing revenue streams through strategic partnerships and program expansions [5] - The company has withheld guidance for Q4 2025 but plans to reassess in Q1 2026 [17]

Core Insights - Fathom Holdings Inc. has announced a strategic partnership with ByOwner, a leading for-sale-by-owner (FSBO) marketplace, aimed at converting FSBO listings into full-service listings with Fathom agents [1][2][3] Group 1: Partnership Details - The partnership will allow ByOwner to refer FSBO sellers and buyers to Fathom's network of agents when they seek professional assistance, creating a significant opportunity as approximately 6% of U.S. home sales are FSBO, with over 20% converting to full-service representation [2] - Fathom agents will benefit from access to motivated sellers and buyers, while Fathom Realty will earn a larger percentage split for each converted transaction [2] Group 2: Company Statements - Marco Fregenal, CEO of Fathom Holdings, expressed excitement about the partnership, highlighting that FSBO sellers needing support now have a direct path to Fathom's full-service platform, which will enhance growth and strengthen Fathom's market position [3] - Colby Sambrotto, CEO of ByOwner.com, emphasized the mission to empower sellers and noted that the partnership adds a high-quality agent option for those seeking full-service support [3] Group 3: Company Background - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent [5] - ByOwner.com connects property owners directly with buyers and renters, providing tools and resources for FSBO and for-rent transactions, aiming to maximize returns while allowing owners to maintain control [4]

Core Insights - Fathom Holdings Inc. has launched the Real Results lead program aimed at shortening sales cycles and providing agents with qualified leads [1][2] - The Real Results program has shown success in supporting the Elevate program, leading to increased mortgage and title attach rates [2][3] - The initiative will expand to manage leads within Fathom's START program, enhancing cross-division growth opportunities [2] Company Overview - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings [4] - The company operates with nearly 15,000 agents across 43 states and Washington, D.C., focusing on innovative programs and technologies to drive agent success [3][4] - Fathom's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title [4] Leadership Statements - Jamey Smith, President of Real Results, emphasized the program's mission to connect sales organizations with qualified prospects using advanced communication technologies and conversational AI [3] - Marco Fregenal, CEO of Fathom Holdings, noted the growing demand for effective lead generation solutions and the program's role in empowering agents to close transactions faster [3]

Core Insights - Fathom Holdings Inc. is expanding its subsidiary, START Real Estate, into Utah, Arizona, and Nevada as part of its nationwide growth strategy [1][2] - The expansion aims to serve the first-time homebuyer segment, which is one of the largest and fastest-growing demographics in the U.S. housing market [1][2] - START Real Estate has a proven mortgage attach rate of over 70%, and similar results are expected as the program expands [2] Company Overview - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent [3] - The company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title [3] Expansion Strategy - The initial focus of the expansion will be on three states, with plans to reach over 15 states within the next year [2] - The expansion is expected to broaden access to homeownership and unlock new growth opportunities across Fathom's mortgage, title, and technology businesses [2]

Core Insights - Fathom Nickel Inc. has announced preliminary results from its 2025 soil geochemistry program at the Gochager Lake project, revealing a favorable geochemical footprint that now exceeds 8.6 kilometers in strike length [1][2] Summary by Sections Soil Geochemistry Results - The 2025 soil geochemistry program collected a total of 2,998 B-horizon soil samples, including 86 field duplicate samples [5] - Nickel (Ni) in-soil anomalies define a northeast-southwest linear feature measuring over 8.6 kilometers [5] - A newly discovered robust Ni in-soil anomaly measures 1,500 meters by 400 meters, located approximately 2.7 kilometers southwest of the Gochager Lake deposit [5] Geological Interpretation - The 8.6+ km geological/geochemical footprint is interpreted as a structural corridor suitable for multiple magmatic intrusions and associated Ni-Cu-Co mineralization [5] - Mineralized variable-texture gabbro has been mapped over a strike of 3.5+ kilometers, coinciding with the 8.6+ km linear Ni in-soil geochemical footprint [5] Historical Context and Exploration Goals - The exploration goal at the Gochager Lake project is to demonstrate potential scale and confirm the belief that the historic Gochager Lake deposit is part of a larger mineralized trend [2] - The company has drilled 16 drill holes (5,549 meters) into the historic Gochager Lake deposit, confirming Ni-Cu grades comparable to historical grades [17] Future Outlook - Further results will be released upon completion of ongoing interpretative work, validating the potential scale of the Gochager Lake project [2]

Core Insights - Fathom Holdings Inc. has announced the acquisition of START Real Estate, targeting the first-time homebuyer market, which is a significant and growing segment in the US housing industry [1][4]. Group 1: Acquisition Details - START Real Estate specializes in assisting first-time homebuyers and has a successful operational model [2]. - The brokerage is based in Colorado and has recently expanded into Utah, employing 70 agents projected to close approximately 400 transactions this year, with a mortgage attach rate exceeding 70% [2]. Group 2: Strategic Goals - Fathom aims to leverage its national presence, which includes approximately 15,000 agents across 43 states and Washington D.C., to expand START's first-time buyer program into new markets [4]. - The acquisition is expected to enhance Fathom's transaction volume and agent count while increasing higher-margin recurring revenue from ancillary services [4]. Group 3: Company Overview - Fathom Holdings Inc. operates a comprehensive real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the US [5]. - The company functions through three main segments: Real Estate Brokerage, Mortgage, and Technology [5].

Core Points - Great American Media, in partnership with Fathom Entertainment, announces the theatrical release of "Another Sweet Christmas," featuring Candace Cameron Bure and Cameron Mathison, premiering on November 30 for a limited engagement [1][2][5] - The film continues the love story of Sophie and Sam, which began in the highly-rated film "Home Sweet Christmas" [1][6] - The theatrical event will include exclusive surprises such as a recorded greeting from the stars, behind-the-scenes content, and a Q&A session [4][5] Company Overview - Great American Media is a leader in faith and family entertainment, offering a portfolio that includes original Christmas movies and family-friendly content [9] - Fathom Entertainment specializes in theatrical distribution of events and has been a top distributor in North America for over 20 years [10] - CandyRock Entertainment, co-founded by Candace Cameron Bure, focuses on family-friendly television and film projects [11]

Core Insights - Fathom Nickel Inc. has announced an extension of the Gochager Lake deposit host rock, now mapped over a strike length of 3.5 kilometers, indicating significant potential for further discoveries of nickel-copper-cobalt mineralization [1][2][4] Exploration Results - The summer-fall geochemistry program has yielded positive results, with surface outcrops showing disseminated sulphide mineralization along a northeast linear trend [3][4] - A total of 684 outcrop chip samples were collected and analyzed on-site using portable X-ray fluorescence (pXRF), and 79 rock grab samples have been submitted for multi-element assay [4] Geological Significance - The Gochager Lake deposit is characterized by a steeply oriented mineralized variable-textured gabbro, with a thickness of up to 100 meters, containing significant mineralization including pyrrhotite, pentlandite, and chalcopyrite [8] - The mineralization is recognized along a 3.5 km strike length northeast of the historic deposit, with potential for further expansion [8][19] Future Exploration Plans - The company is compiling results from the summer soil geochemistry program and will release findings once complete, indicating ongoing exploration efforts [2][7] - The presence of untested borehole electromagnetic (BHEM) anomalies suggests additional exploration opportunities within the expanded container rock [6][8]