Filing Flows › Fathom Holdings (FTHM) › Q2 2025
Fathom Holdings (FTHM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Fathom Holdings (FTHM) reported revenue of $121M for the second quarter 2025 (Q2 2025), +36% from a year earlier and +30% from the quarter before. Operating margin was -2.0%, net loss $3.6M (3.0% of revenue).
Fathom Holdings, Q2 2025: revenue $121M (+36% year over year), operating margin -2.0%, net loss $3.6M, operating cash flow −$5.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $121M | +30% | +36% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$3.6M | — | — |
| Operating cash flow | −$5.9M | — | — |
What changed
Revenue was $121.4M in Q2 2025, up 36% year over year and up 30% from the previous quarter.
Operating costs exceeded revenue by $2.4M, an operating margin of -2.0%. Total costs grew 33% against revenue growth of 36%. The fastest-growing cost line was Other operating costs (+37%). The quarter ended with a net loss of $3.6M, narrower than the previous quarter's $5.6M loss.
Operating cash flow was −$5.9M. Non-cash charges added back $1.5M of depreciation and amortization and $945K of share-based compensation. Working capital and other items used $4.7M. Capital expenditures of $29K exceeded it, leaving free cash flow of −$6.0M.
Questions
What was Fathom Holdings' revenue in the second quarter 2025?
Fathom Holdings (FTHM) reported revenue of $121M for the second quarter 2025 (Q2 2025), +36% from a year earlier and +30% from the quarter before.
Was Fathom Holdings profitable in the second quarter 2025?
Operating loss was $2.4M (-2.0% of revenue) and net loss $3.6M.
Source: Fathom Holdings 10-Q on SEC EDGAR.