Fathom Holdings Inc. Common Stock
FTHMFathom Holdings Inc. (FTHM) is a publicly traded real estate technology and services company that provides residential real estate brokerage, mortgage, title, and settlement services. Founded with a focus on leveraging technology to enhance the real estate transaction process, Fathom aims to streamline operations and improve customer experience through its innovative platforms and integrated service offerings. The company operates across various markets in the United States, emphasizing growth in the residential real estate sector.
Company News
Fathom Holdings reported 37.7% year-over-year revenue growth, driven by brokerage segment expansion and agent network growth. The company is focusing on strategic initiatives like Elevate program and Start Real Estate acquisition to improve profitability and reach operational cash flow breakeven by 2026.
Fathom Holdings announced a public offering of 3 million shares at $2.00 per share, expecting to raise approximately $5.4 million for general corporate purposes. Roth Capital Partners is managing the offering, which is expected to close on September 22, 2025.
Fathom Holdings Inc. proposed a primary offering of its common stock with an additional option for underwriters to purchase up to 15% more shares. The company intends to use proceeds for general corporate purposes.
Fathom Holdings (FTHM) delivered earnings and revenue surprises of -29.17% and 15.97%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
