Fathom Holdings Inc. reported a 32% year-over-year increase in revenue for the first quarter of 2025, surpassing analyst expectations by 12%. The company increased its agent network by 22%, and closed transactions rose by 26% compared to the first quarter of 2024. General and Administrative expenses for the first quarter of 2025 were $8.6 million, representing 9.3% of revenue, down from $9.0 million or 12.8% of revenue in the same period of 2024. The Adjusted EBITDA loss remained constant at $1.5 million for both the first quarter of 2025 and 2024. Fathom Holdings is committed to achieving Adjusted EBITDA positivity moving forward. The company successfully launched its "Elevate" program, a concierge-level initiative, during the first quarter and has temporarily suspended guidance while working with its Strategy Committee to forecast for 2025. CEO Marco Fregenal expressed confidence in the company's positive momentum and its mission to build a technology-driven platform that empowers agents and delivers long-term value for shareholders.
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