Fathom Holdings Inc. (FTHM): History, Ownership, Mission, How It Works & Makes Money

In a rapidly evolving real estate landscape, is Fathom Holdings Inc. (FTHM) poised to disrupt the traditional brokerage model, and how? As a national, technology-driven real estate services platform, Fathom integrates residential brokerage, mortgage, title, and SaaS offerings, leveraging its proprietary cloud-based software, intelliAgent. With a 24% year-over-year revenue increase in 2024 and a strategic focus on agent empowerment, discover how Fathom Holdings aims to streamline transactions and deliver long-term value in the competitive real estate market.

Fathom Holdings Inc. (FTHM) History

Founding Timeline

Year established

The company was established in 2010.

Original location

The company's original location was in Dallas-Fort Worth, Texas.

Founding team members

The founding team included Rick Herrman, the current CEO, and certain other executives.

Initial capital/funding

Information regarding the precise initial capital or funding is not available in the provided context.

Evolution Milestones

Transformative Moments

• Going Public (2020): The decision to become a publicly traded company in 2020 was a transformative moment, providing the company with access to capital markets to fuel growth and expansion.
• Acquisitions (2021): The acquisitions of Verus Title and the accepted offer to acquire Epic Insurance marked a strategic shift towards offering a more comprehensive suite of services to agents and clients.
• Introduction of intelliAgent: Launching the intelliAgent platform was a pivotal move, equipping agents with advanced technology and tools to enhance their productivity and client service capabilities.
• Focus on Technology and Agent Support: The company's emphasis on providing cloud-based technology solutions and comprehensive support to its agents has been a consistent theme, attracting agents and driving growth.

For more in-depth insights into the investors and motivations behind Fathom Holdings Inc., check out: Exploring Fathom Holdings Inc. (FTHM) Investor Profile: Who’s Buying and Why?

Fathom Holdings Inc. (FTHM) Ownership Structure

Understanding Fathom Holdings Inc.’s ownership structure provides insights into its governance and strategic direction. The company's shares are distributed among various types of shareholders, including institutional investors, individual shareholders, and company insiders.

Fathom Holdings Inc.'s Current Status

Fathom Holdings Inc. is a publicly traded company, listed on the Nasdaq Capital Market under the ticker symbol FTHM. As a public entity, it is subject to regulatory oversight and reporting requirements, including those mandated by the Securities and Exchange Commission (SEC).

Fathom Holdings Inc.'s Ownership Breakdown

As of December 31, 2024, the ownership of Fathom Holdings Inc. is distributed among various shareholders. Here is a table summarizing the ownership breakdown:

Fathom Holdings Inc.'s Leadership

The leadership team at Fathom Holdings Inc. plays a crucial role in the company's strategic decision-making and operational execution. Key members of the leadership team as of April 2025 include:

• Joshua Harley: Founder and Chief Executive Officer.
• Marco Fregenal: President and Chief Financial Officer.
• Samantha Giuggio: Chief Operating Officer.

For further insights into Fathom Holdings Inc.'s investor profile, you might find this resource helpful: Exploring Fathom Holdings Inc. (FTHM) Investor Profile: Who’s Buying and Why?

Fathom Holdings Inc. (FTHM) Mission and Values

Fathom Holdings Inc. aims to disrupt the real estate industry through technology and a focus on agent profitability, seeking to create a sustainable and equitable ecosystem. Its core values emphasize service, relationships, and a commitment to innovation.

Fathom Holdings Inc.'s Core Purpose

Official mission statement

To build the foremost cloud-based real estate brokerage, powered by intelliAgent, that attracts the industry’s top professionals, increases agent profitability, equips shareholders with exponential returns, and transforms the residential real estate experience for all.

• Attracting top professionals by offering a unique agent-centric model.
• Increasing agent profitability through technology and support.
• Providing shareholders with substantial returns.
• Transforming the real estate experience using innovative platforms.

Vision statement

To become the undisputed leader in the real estate industry by empowering agents with cutting-edge technology, fostering a culture of collaboration and innovation, and delivering unparalleled value to clients and shareholders.

• Leading the industry through technological empowerment.
• Fostering a collaborative and innovative culture.
• Delivering superior value to clients.
• Ensuring high returns for shareholders.

Company slogan/tagline

While specific slogans or taglines may vary in marketing materials, the underlying message emphasizes agent empowerment and technological innovation. The company's focus on agent success and customer satisfaction is a recurring theme in its communications.

To delve deeper into Fathom Holdings Inc.'s mission, vision, and core values, you can explore: Mission Statement, Vision, & Core Values of Fathom Holdings Inc. (FTHM).

Fathom Holdings Inc. (FTHM) How It Works

Fathom Holdings Inc. operates as a holding company for various real estate related businesses, primarily focusing on technology-driven real estate services.

Fathom Holdings Inc.'s Product/Service Portfolio

Fathom Holdings Inc.'s Operational Framework

Fathom Holdings Inc. operates through a network of real estate agents who utilize the company's technology platform, intelliAgent, to manage their business. The company generates revenue primarily through:

• Real estate transaction commissions.
• Mortgage origination fees.
• Title insurance premiums and service fees.
• Insurance commissions.
• Technology platform fees from agents.

Fathom's flat-fee commission model is designed to attract agents by offering them a higher percentage of each commission compared to traditional brokerage firms. The intelliAgent platform provides agents with the tools and resources they need to manage their business efficiently, attract clients, and close deals.

Fathom Holdings Inc.'s Strategic Advantages

• Technology-driven platform: The intelliAgent platform provides agents with a comprehensive suite of tools and resources to manage their business, attract clients, and close deals.
• Flat-fee commission model: Attracts agents by offering them a higher percentage of each commission compared to traditional brokerage firms.
• Diversified service offerings: Provides multiple revenue streams and cross-selling opportunities through mortgage, title, and insurance services.
• Scalable business model: The company can expand its network of agents and services without significant capital expenditures.

To learn more, read this article: Exploring Fathom Holdings Inc. (FTHM) Investor Profile: Who’s Buying and Why?

Fathom Holdings Inc. (FTHM) How It Makes Money

Fathom Holdings Inc. primarily generates revenue through its real estate brokerage services, technology platform, and related services for real estate agents.

Revenue Breakdown

Business Economics

The company's business economics are driven by several key factors:

• Agent-Centric Model: The company operates with a model focused on empowering real estate agents by providing them with advanced technology, marketing tools, and training programs. This attracts agents to their platform.
• Commission Splits: The company offers attractive commission splits to its agents, which helps in retaining and attracting talent. This model typically involves agents keeping a higher percentage of their commissions compared to traditional brokerage firms, but paying fees for technology and services.
• Technology Platform: The company’s technology platform streamlines real estate transactions, enhances agent productivity, and provides value-added services to clients. The efficiency and effectiveness of this platform contribute to agent satisfaction and increased transaction volume.
• Scalability: The company’s business model is designed to be scalable. As the agent network grows, the platform's revenue-generating capabilities increase without a proportional increase in operational costs.

Financial Performance

Here are key aspects of Fathom Holdings Inc.'s financial performance:

• Revenue Growth: The company has demonstrated substantial revenue growth in recent years, driven by the expansion of its agent network and increased transaction volume. For example, in 2023, the company reported revenue of $473.5 million.
• Gross Profit: The company maintains a healthy gross profit margin, reflecting its ability to manage the cost of services effectively. In 2023, the gross profit was $46.5 million.
• Operating Expenses: Operating expenses include technology development, marketing, and administrative costs. Managing these expenses is crucial for achieving profitability.
• Net Loss/Income: While the company has shown significant revenue growth, profitability has been a challenge. The company reported a net loss of $24.4 million for 2023.
• Cash Flow: Monitoring cash flow is essential to ensure the company can fund its operations and growth initiatives.
• Agent Growth: The number of agents on the platform is a key indicator of the company's success and growth potential. As of December 31, 2023, agent count totaled 11,498, an increase of 12.5%.

To gain more insights into the financial health of Fathom Holdings Inc., you can explore this comprehensive analysis: Breaking Down Fathom Holdings Inc. (FTHM) Financial Health: Key Insights for Investors

Fathom Holdings Inc. (FTHM) Market Position & Future Outlook

Fathom Holdings Inc. is navigating a dynamic real estate market, striving to enhance its market position through technological innovation and agent-centric services. The company's future outlook hinges on its ability to capitalize on market opportunities while mitigating potential risks associated with economic fluctuations and competitive pressures. For more insights, explore Mission Statement, Vision, & Core Values of Fathom Holdings Inc. (FTHM).

Competitive Landscape

Opportunities & Challenges

Industry Position

Fathom Holdings Inc. is working to solidify its position as a tech-forward, agent-focused brokerage in a highly competitive industry. The company's success depends on effectively executing its growth strategies and adapting to changing market conditions.

• Focus on technology and agent support differentiates it from traditional brokerages.
• Growth through strategic acquisitions and organic agent recruitment.
• Aiming to increase market share by providing value-added services and competitive commission plans.