Fathom Holdings Inc. (FTHM)

Nasdaq: FTHM · Real Estate Agents & Managers (For Others) · Cary, NC · filing with the SEC since 2018

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Grade3.5

◀ Past 2.5● Present 3.6▶ Future 4.1

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Fathom Holdings Inc.

Nine metrics read from its own filings, by tense

Headline grade

3.5/10

◀ Past2.525% of the headline

● Present3.645% of the headline

▶ Future4.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

1.5/10

Has it survived what it has been through?

6 warning events since 2018; the latest 2026-08-25.

weight 45% of this tense · 15th percentile among 17 sector filers · read for itself

From the record

Fathom Holdings Inc.'s filings since 2018 show 6 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 4 times, the latest 2026-08-25); an auditor change (8-K item 4.01, the latest 2021-06-11); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2026-05-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.6/10

What has it actually done, year after year?

+24.8% a year over 7 filed years; profitable in 0 of 7.

weight 33% of this tense · 46th percentile among 17 sector filers · read for its customers

From the record

Fathom Holdings Inc.'s 7 filed years say what it did: revenue went from $111 million in fiscal 2019 to $420 million in fiscal 2025, up 24.8% a year; it rose in 4 of 6 years; the deepest fall was 19% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span24.8%top 32% of its family
the share of years revenue rosebottom 41% of its family
the share of filed years with a profitbottom 18% of its family
the deepest fall from a revenue peak18.8%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.7/10

How has it treated the people who own it?

SI estimate 1.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 17th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 17% of 16 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 16 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Fathom Holdings Inc.'s shareholder treatment is put at 1.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 17% of 16 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.6/1045% of the headline grade · 3 of 3 filed

Financial health

as filed

3.4/10

Is it financially healthy right now?

ROE -54%: lost 54¢ per shareholder dollar. Leverage 52%: owes 52¢ per asset dollar.

weight 33% of this tense · 34th percentile among 16 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Fathom Holdings Inc. lost about 54 cents for every dollar of shareholders' money. Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 39.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 38% of its family
return on equitybottom 23% of its family
the share count against the year beforebottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.2/10

How strong is its position in its industry?

bottom 32% of 17 in its family; net margin -4.8%.

weight 45% of this tense · 32nd percentile among 17 sector filers · read for its customers

From the record

Fathom Holdings Inc.'s standing among 17 graded names in its industry family: revenue of $420 million in fiscal 2025 ranks in the bottom 30% by size; a net margin of -4.8% ranks in the bottom 32%; revenue growth of 0.6% a year over the last 3 filed years ranks in the bottom 32% (its annual reports).

What it rests on

revenue against the family$420Mbottom 30% of its family
net margin-4.8%bottom 32% of its family
three-year revenue growth0.6%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

5.0/10

What are the people in charge doing?

bottom 49% of 12 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 49th percentile among 12 sector filers · read for its shareholders

From the record

Fathom Holdings Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Fregenal, Marco (Chief Executive Officer, as filed), filing under that title since 2024-09-11, 2.2 years (bottom 32% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 4.2 years (top 37%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (top 46%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge8 in three years among 9 peopletop 46% of its family
the median years the people in charge have filed4.2 yearstop 37% of its family
the chief executive's years on the record2.2 yearsbottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

2.1/10

How much room does it have to grow?

bottom 21% of 17 in its family for room to expand.

weight 33% of this tense · 21st percentile among 17 sector filers · read for itself

From the record

Fathom Holdings Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $6 million against debt of $6 million leaves 0.4% of its assets as net cash, bottom 21% of its family; cash from operations less capital spending is -4.9% of revenue (bottom 21%) (its annual report).

What it rests on

cash less debt against assets0.4%bottom 21% of its family
cash from operations less capital spending against revenue-4.9%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

3.4/10

What could actually drive growth from here?

bottom 34% of 17 in its family for growth drivers.

weight 33% of this tense · 34th percentile among 17 sector filers · read for its customers

From the record

Fathom Holdings Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 0.6% a year over the last three filed years against 24.8% over all 7, slowing (bottom 21% of its family); the newest year grew 25.5% (top 21%); capital spending grew -49.6% a year (bottom 3%) (its annual reports). Fathom Holdings Inc. reported 3 lines of business in fiscal 2025: Real Estate Brokerage at $399 million (96%), Mortgage at $13 million (3%), Technology at $6 million (1%); 3 of 3 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-24.2 points a yearbottom 21% of its family
the newest year's revenue growth25.5%top 21% of its family
three-year growth of capital spending-49.6%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.8/10

Did its newest year beat what its own record pointed to?

top 32% of 15 in its family for expectations against reality.

weight 33% of this tense · 68th percentile among 15 sector filers · read for its shareholders

From the record

Fathom Holdings Inc.'s newest year against its own record: revenue of $420 million in fiscal 2025 came in 39.2% above the $302 million its prior three years' pace pointed to (top 17% of its family); net income of $20 million against a prior three-year average of $24 million (top 50%); a net margin of -4.8% against -6.7% before (top 30%) (its annual reports).

What it rests on

revenue against the prior three years' pace39.2%top 17% of its family
net income against the prior three years' average+17%top 50% of its family
net margin against its prior average+1.9 pointstop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FTHM · research, not advice