Fathom Holdings reports 38% revenue growth

“In the third quarter, we continued to build on the momentum we achieved in the first half of the year,” said Marco Fregenal, CEO of Fathom. “Despite a challenging housing market, we delivered year-over-year revenue growth and adjusted EBITDA profitability. We also expanded our agent base and developed multiple initiatives on our platform.”

Support services once again played a central role in the company’s growth plans, led by 29% year-on-year title revenue growth.

The company highlighted the momentum within Elevate, its productivity-focused agent program.

“Elevate continues to grow, with more than 165 agents on board and another 45 in the pipeline,” Fregenal said. “Elevate continues to be one of our most exciting initiatives, giving agents more time and support to close more transactions while driving higher productivity, retention and profitability for both our agents and the company.”

Training and expansion

During the quarter, Fathom strengthened its training and onboarding capabilities through a partnership with leadership expert J’aime Nowak and added 70 new Elevate agents.

The number of agent licenses within the company stood at approximately 15,371 at the end of September.

Expansion efforts remained a priority True title Entering Arizona and Alabama. That move brought its total footprint to 34 states and the District of Columbia.

Fathom took over in October START Real estate – acquiring about 70 agents and a first-time homebuyer program that the company plans to scale nationally.

“By integrating START Real Estate’s first-home buyer model with Fathom’s proprietary technology, we aim to accelerate growth in one of the most underserved segments of the housing market,” said Fregenal.

Fathom said its strategies remain focused on agent attraction, productivity and higher attachment rates.

“Our continued investments in innovation have positioned Fathom as one of the leading real estate agents in the country, providing exceptional opportunities for agents and homebuyers alike,” said Fregenal. “Looking ahead, we remain focused on driving broker success, increasing foreclosure rates in our title and mortgage businesses and unlocking new revenue streams.”

Financial highlights

For the quarter ended September 30, Fathom reported:

• Revenue of $115.3 million, up 37.7%.
• Brokerage revenue of $109.2 million, up 39%.
• Mortgage proceeds of $3.5 million, up 20.7%.
• Title sales of $1.8 million, up 28.6%.
• Gross profit of $9.6 million, up 39.1%.

GAAP net loss fell to $4.4 million from $8.1 million a year earlier. Adjusted EBITDA reached positive $6,000, compared to a loss of $1.4 million in the third quarter of 2024.

During the first nine months of 2025, transactions increased by almost 25% to 33,904, and revenue grew by 35.5%.