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Fathom Holdings (FTHM) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Fathom Holdings (FTHM) Q2 2026 earnings results →
Q2 2026 Revenue down 6% year over year to $115M · 5¢ of every $1 of revenue lost · operating margin -3.8%
Fathom Holdings made $115M in Q2 2026 (-6% Y/Y): Real Estate Brokerage $107M, Mortgage $5.7M, Title $1.9M. Operating margin -3.8%, net loss $6.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $114.6M in Q2 2026, down 6% year over year and up 33% from the previous quarter. Real Estate Brokerage was the largest line at 93% of revenue. Real Estate Brokerage lost $9.0M year over year (down 8%), 132% of the total change.
Operating costs exceeded revenue by $4.3M, an operating margin of -3.8%. Total costs fell 4% while revenue fell 6%. The fastest-growing cost line was General & admin (+14%). The quarter ended with a net loss of $6.2M, narrower than the previous quarter's $8.2M loss.
Operating cash flow was −$4.5M. Non-cash charges added back $2.6M of depreciation and amortization and $425K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $47K exceeded it, leaving free cash flow of −$4.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $115M | -6% | -3.8% | −$6.2M | −$4.5M |
| Q1 2026 | 10-Q | Jul 16, 2026 | $86.4M | -7% | -8.8% | −$8.2M | −$99K |
| Q4 2025 | 10-K | Mar 30, 2026 | $90.6M | -1% | -5.2% | −$6.7M | −$11.9M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $115M | +38% | -3.5% | −$4.4M | $3.0M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $121M | +36% | -2.0% | −$3.6M | −$5.9M |
| Q1 2025 | 10-Q | May 13, 2025 | $93.1M | +32% | -4.8% | −$5.6M | −$5.7M |
| Q4 2024 | 10-K | Mar 28, 2025 | $91.7M | +24% | -9.9% | −$6.2M | −$317K |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Fathom Holdings
Fathom Realty LLC was founded in January 2010 and later incorporated as Fathom Holdings Inc. in the state of North Carolina on May 5, 2017. We are a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, and Software as a Service (“SaaS”) offerings to brokerages and agents by leveraging intelliAgent®, our proprietary cloud-based software. The Company’s brands include Fathom Realty, Encompass Lending, intelliAgent, Real Results, and Verus Title. For Fathom Realty, our core business, our low overhead business model leverages our proprietary software platform for management of real estate brokerage back-office functions, without the cost of physical brick and mortar offices or of redundant personnel.
In its own words, from its 10-K, filed Mar 30, 2026.
Fathom Holdings against its Real Estate Agents & Managers (For Others) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median +12%. Operating margin: -3.8% against the peers' median 0.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FTHM Fathom Holdings | Q2 2026 | $115M | -6% | -3.8% |
| JLL Jones Lang Lasalle | Q3 2026 | $7.3B | +12% | 5.4% |
| COMP Compass | Q3 2026 | $3.9B | +111% | 2.2% |
| AGNT Agnt | Q3 2026 | $1.4B | +6% | 0.2% |
| VAC Marriott Vacations Worldwide | Q3 2026 | $1.4B | +8% | 11.2% |
| OPEN Opendoor Technologies | Q3 2026 | $1.0B | +12% | -18.3% |
| NMRK Newmark Group | Q3 2026 | $973M | +13% | 8.8% |
| REAX Real Remax Group | Q3 2026 | $728M | +28% | -9.9% |
| DOUG Douglas Elliman | Q2 2026 | $283M | +4% | -1.2% |
Source: Fathom Holdings 10-Q on SEC EDGAR · CIK 1753162 · Real Estate Agents & Managers (For Others)
13F: who owns FTHM and who is buying
More on FTHM
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results