Fathom Holdings Inc. continues to outperform expectations and show leadership in today’s challenging real estate environment. The company’s third-quarter 2025 results highlight exceptional growth in revenue, transactions, agent expansion, and operational efficiency. These results demonstrate the strength of Fathom’s fully integrated real estate services platform, which includes brokerage, mortgage, title, and technology solutions.

Fathom’s model continues to attract top agents while delivering services that help them succeed. According to Marco Fregenal, Chief Executive Officer, “In the third quarter, we continued to build on the momentum achieved in the first half of the year. Despite a challenging housing market, we delivered strong revenue growth and achieved Adjusted EBITDA profitability. We also expanded our agent base and advanced multiple initiatives across our platform.”

Strong Financial Results

Fathom reported $115.3 million in total revenue for the quarter, a 38% increase from Q3 2024. Gross profit grew to $9.6 million, up 41.5 % year over year. The company also achieved adjusted EBITDA profitability for the second consecutive quarter, an important milestone in its path toward sustained financial performance.

Brokerage revenue rose 39% to $109.2 million. Mortgage revenue increased by 18.5% to $3.5 million, and title revenue surged 60.9% to $1.8 million, demonstrating the power of the company’s cross-service platform.

Growing Agent Base and Transaction Volume

Fathom’s real estate network reached 15,371 licensed agents at the end of September, a 24% increase compared to the previous year. The company also closed approximately 11,479 transactions in the third quarter, reflecting a 23% increase over Q3 2024. This steady growth in both agent count and transaction volume is a clear indication that more professionals are choosing Fathom for its agent-focused model and innovative support systems.

Elevate Continues to Drive Agent Success

One of Fathom’s most exciting initiatives, the Elevate plan, is scaling rapidly. More than 165 agents have already joined the plan, with another 45 agents in the onboarding pipeline. Elevate provides comprehensive support services, including lead generation, transaction assistance, and marketing, allowing agents to focus on building client relationships and closing more business.

To further enhance the plan, Fathom partnered with leadership expert J’aime Nowak to expand agent development and coaching within Elevate.

Strategic Expansion and Acquisition

Fathom also made important strategic moves during the quarter. Verus Title, its title services division, expanded operations into Arizona and Alabama, bringing its total footprint to 34 states and Washington, D.C.

Additionally, Fathom acquired START Real Estate in October. This acquisition strengthens the company’s focus on first-time homebuyers and adds approximately 70 agents to the roster, most of whom have joined Elevate. Plans are underway to expand START’s model into 15 states within the next year, combining its consumer-focused approach with Fathom’s proprietary technology.

Positioned for Long-Term Growth

In September, Fathom completed a $6.9 million common stock offering, providing additional capital to support its continued growth. The proceeds will help fuel expansion, strengthen the balance sheet, and further invest in technology and services that benefit agents and clients alike.

As Marco Fregenal stated, “We believe the future is bright for Fathom Holdings. We are well-positioned to capture market opportunities, drive long-term growth, and deliver meaningful value to our shareholders.”

Fathom’s commitment to innovation, agent support, and operational excellence continues to set it apart. With impressive momentum heading into the final quarter of 2025, the company is proving that real estate success is about more than just market conditions. It’s about building a platform that empowers people to thrive.

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