Fathom Holdings Inc. reported first-quarter 2026 results with revenue of $86.4M, a net loss of $8.235M and diluted loss per share of $(0.25), compared with revenue of $93.1M, a net loss of $5.646M and diluted loss per share of $(0.24) in the prior-year quarter.
Financial Highlights
- Revenue was $86.4M for 1Q 2026, down from $93.1M in 1Q 2025 ( (7.2%)).
- Net income: Net loss of $8.235M for 1Q 2026, versus net loss of $5.646M in 1Q 2025 (larger loss YoY).
- Diluted EPS was $(0.25) for 1Q 2026, versus $(0.24) in 1Q 2025 (worsened YoY).
Business Highlights
- Gross commission income fell 8.5% year over year, driven by a 12% decline in transaction volume despite a 4% increase in revenue per transaction.
- Other service revenue grew 18.8%, led by higher title and mortgage transaction volume and walkovers.
- Management undertook a strategic agent base rationalization, reducing reported agent counts by about 23% and shifting to reporting agent counts; focus on recruiting, training and the Intell iAgent technology to boost productivity.
- Operational leadership changes included appointment of a new President of Fathom Realty and a VP of Growth to drive agent productivity, attraction and community development.
- Corporate milestone: Fathom entered a merger agreement with Bed Bath & Beyond, with BBBY committing near-term financial support to sustain operations and growth.
Original SEC Filing:
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