“We start to see the tangible benefits of the base that we have spent in the past year with making. Our platform strategy is no longer just a vision. It is scale in the market.”
During the second quarter of 2025, Fathom registered an annual increase in turnover from 36.1% to $ 121.4 million. Much of this jump can be attributed to the increase of 39.6% in the brokerage income to $ 116 million. This came as an agent count rose 22.6% year after year to 14,981 agents and the number of closed transactions increased by 25.4% to 12,710.
The company attributed these increases to the addition of November 2024 My home group.
The gross profit rose to $ 9.4 million in Q2 2025, an increase of $ 7.5 million in Q2 2024. Regarding the company’s side services, the income of titles increased by 88% annually to $ 1.5 million, while the mortgage revenues decreased by 10.8% to $ 3.3 million.
Fenegal said that the company hopes to continue this momentum for the rest of the year, a task that he and the executive team are optimistic that they can perform.
Much of this optimism stems from the successful launch of ElevateFathom’s Agent Concierge program, which they say it is designed to help agents to close more deals with less friction.
“In just a few months, Elevate has proven that the ability to improve productivity, improve agent satisfaction and generate recurring income with high margin,” Fenegal said. “Elevate is more than a productivity tool. It is an important part of our broader platform strategy and an important distinctive factor in a competitive market.
“By placing high-quality services on our cheap brokerage model, agents can concentrate on serving customers, while our caretaker team manages marketing, lead generation and administrative tasks. This combination provides a meaningful value to our agents and creates a scalable recurring income for Fathom.”
So far, the Elevate program has more than 70 agents on board, on average eight closures per year, and is planning to add another 100 agents within 60 days.
The company said that the goal is to scale up the program to more than 300 underboard agents, who have on average at least eight annual closures towards the end of the year. Moreover, the company hopes to grow the platform to generate 10,000 leads per month by December.
“As the number of increased agents and transactions continues to grow, we expect that this has a positive and increase in the impact on the performance of our mortgage and title companies,” Fenegal said, and noted that 30% of the current Elevate Agents work with Fathom’s mortgage and title companies.
Fathom is also optimistic about the plan to offer agents multiple compensation models within his platform, the company says that it can ‘meet agents where they are in their company’.
The Fathom MAX plan has ultra-loage reimbursements and offers a complete economy for agents, while Fathom Share offers opportunities for sharing income for agents to build recurring income in the long term and at the same time earn a traditional brokerage splitting.
“We believe that this range of plans and programs by Fathom makes the ideal broker for every type of agent, regardless of the business model or goals,” Fenegal said.
Fathom also has an eye on future growth and expansion. Earlier this month, Fathom implemented its first intellect Platform and increase program license agreement with Sovereine Realty Partners. The company will operate under the Fathom Elite brand.
The company said it works to further expand its footprint through the further licenses of the IntellieGene platform, together with acquisitions and agent Walkovers.
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