Filing Flows › Fathom Holdings (FTHM) › Q3 2025
Fathom Holdings (FTHM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Fathom Holdings (FTHM) reported revenue of $115M for the third quarter 2025 (Q3 2025), +38% from a year earlier and -5% from the quarter before. Operating margin was -3.5%, net loss $4.4M (3.8% of revenue).
Fathom Holdings, Q3 2025: revenue $115M (+38% year over year), operating margin -3.5%, net loss $4.4M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | -5% | +38% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | $3.0M | — | — |
| Free cash flow | $3.0M | — | — |
What changed
Revenue was $115.3M in Q3 2025, up 38% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $4.0M, an operating margin of -3.5%. Total costs grew 30% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $4.4M, wider than the previous quarter's $3.6M loss.
Operating cash flow was $3.0M. Non-cash charges added back $1.5M of depreciation and amortization and $562K of share-based compensation. Working capital and other items added $5.3M. Capital expenditures of $24K left free cash flow of $3.0M.
Questions
What was Fathom Holdings' revenue in the third quarter 2025?
Fathom Holdings (FTHM) reported revenue of $115M for the third quarter 2025 (Q3 2025), +38% from a year earlier and -5% from the quarter before.
Was Fathom Holdings profitable in the third quarter 2025?
Operating loss was $4.0M (-3.5% of revenue) and net loss $4.4M.
Source: Fathom Holdings 10-Q on SEC EDGAR.