Fathom Holdings Inc. Receives Notification from Nasdaq Regarding Late Filing of Form 10-Q

Fathom Holdings (Nasdaq: FTHM) received a Nasdaq notice of non-compliance with Listing Rule 5250(c)(1) for not timely filing its Form 10-Q for the quarter ended March 31, 2026.

Rhea-AI Summary

Fathom Holdings (Nasdaq: FTHM) received a Nasdaq notice of non-compliance with Listing Rule 5250(c)(1) for not timely filing its Form 10-Q for the quarter ended March 31, 2026. The company has 60 days to submit a compliance plan and faces potential future delisting risk.

Positive

• Nasdaq notice has no immediate effect on FTHM share listing or trading
• Company has 60 days, until July 21, 2026, to submit compliance plan
• Possible extension up to November 11, 2026, to regain compliance
• Fathom Holdings reports it is working diligently to finalize Form 10-Q

Negative

• Company is not in compliance with Nasdaq Listing Rule 5250(c)(1)
• Failure to timely file Form 10-Q triggers Nasdaq deficiency notice
• FTHM securities may be delisted if compliance is not regained in time
• No assurance Nasdaq will accept the company’s compliance plan

Argus Jun 1 session

+2.26% close to close Open Argus

Details

News Market Reaction – FTHM

In the Jun 1 session, FTHM gained 2.26%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a Nasdaq notice that Fathom is out of compliance for not timely filing its...

Analysis

This announcement details a Nasdaq notice that Fathom is out of compliance for not timely filing its Form 10-Q for the quarter ended March 31, 2026. The company has 60 days to submit a compliance plan and potentially up to 180 days to regain compliance, after which delisting risk increases. In the past six months, Fathom has reported strong revenue growth but ongoing losses and a separate minimum bid-price deficiency, so monitoring filing progress and Nasdaq communications remains important.

Key Figures

Nasdaq response window: 60 calendar days Extended compliance period: 180 days Form period end: March 31, 2026 +5 more

Nasdaq response window

60 calendar days

Time from Notice date to submit compliance plan (until July 21, 2026)

Extended compliance period

180 days

Maximum time from Form 10-Q due date to regain compliance (until Nov 11, 2026)

Form period end

March 31, 2026

Quarter end for the delayed Form 10-Q

Notice publication date

May 29, 2026

Date company disclosed Nasdaq late-filing notice

Current share price

$0.588

Price before news; well below 52-week high of $3.37

52-week low

$0.484

Shares trading modestly above this level pre-notice

Price change

2.44%

24-hour move prior to publication of late-filing notice

Market cap

$18,817,077

Equity value before considering impact of Nasdaq notice

Historical Context

5 past events · Latest: Mar 30

5 events

1. Mar 30

   Earnings results

   24h Move

   -11.7%

   Full-year 2025 revenue growth but ongoing net loss drove shares lower.

2. Mar 10

   Earnings call setup

   24h Move

   -2.2%

   Scheduled Q4 and full-year 2025 results conference call and webcast.

3. Mar 05

   Business expansion

   24h Move

   +1.9%

   EXIT Homestead Realty Professionals joined Fathom, adding 50+ agents.

4. Feb 17

   Leadership appointment

   24h Move

   -5.3%

   Appointment of a new Vice President of Growth to drive agent initiatives.

5. Feb 10

   Leadership change

   24h Move

   -1.8%

   New President of Fathom Realty and RSU grant tied to profit target.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 10-q, nasdaq listing rule 5250(c)(1), u.s. securities and exchange commission, nasdaq capital market

4 terms

form 10-q regulatory

"because it has not timely filed its Quarterly Report on Form 10-Q for the period ended"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

nasdaq listing rule 5250(c)(1) regulatory

"not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"), because it has not timely"

Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.

u.s. securities and exchange commission regulatory

"filed its Quarterly Report on Form 10-Q ... with the U.S. Securities and Exchange Commission"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

nasdaq capital market regulatory

"the Company's securities will be subject to delisting from the Nasdaq Capital Market."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CARY, N.C., May 29, 2026 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM) (the "Company"), a national, technology-driven real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings, today announced that it has received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"), because it has not timely filed its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the "Form 10-Q") with the U.S. Securities and Exchange Commission (the "SEC"). The Rule requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC.

Nasdaq has provided the Company with 60 calendar days from the date of Notice, or until July 21, 2026, to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 days from the due date for the filing of the Form 10-Q, or until November 11, 2026, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel.

The Notice has no immediate effect on the listing or trading of the Company's securities. However, if the Company fails to timely regain compliance with the Rule, the Company's securities will be subject to delisting from the Nasdaq Capital Market.

The Company is working diligently to finalize the financial statements and to file the Form 10-Q as soon as practicable.

About Fathom Holdings Inc.

Fathom Holdings Inc. is a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Encompass Lending, intelliAgent, Real Results, and Verus Title. For more information, visit www.FathomInc.com.

Cautionary Note Concerning Forward-Looking Statements

This press release contains "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including: reliance on, and risks associated with hiring, integrating and retaining, key personnel; risks associated with general economic conditions, including rising interest rates; its ability to generate positive operational cash flow; risks associated with the Company's ability to continue achieving significant growth; its ability to continue its growth trajectory while achieving profitability over time; risks related to ongoing and future litigation; and other risks as set forth in the Risk Factors section of the Company's most recent Form 10-K as filed with the SEC and supplemented from time to time in other Company filings made with the SEC. Copies of Fathom's Form 10-K and other SEC filings are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact:
Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860
FTHM@gateway-grp.com

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SOURCE Fathom Holdings Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Fathom Holdings (FTHM) receive a Nasdaq non-compliance notice on May 29, 2026?

Fathom Holdings received the Nasdaq notice because it did not timely file its Form 10-Q for the quarter ended March 31, 2026. According to Fathom Holdings, this delay caused non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely periodic SEC filings.

What deadlines has Nasdaq set for Fathom Holdings (FTHM) to regain compliance after the late Form 10-Q filing?

Nasdaq gave Fathom Holdings 60 days from the notice date, until July 21, 2026, to submit a plan to regain compliance. According to Fathom Holdings, Nasdaq may then grant up to 180 days from the original due date, or until November 11, 2026, to regain compliance.

Does the Nasdaq notice immediately affect trading of Fathom Holdings (FTHM) stock?

The Nasdaq notice currently has no immediate effect on the listing or trading of Fathom Holdings securities. According to Fathom Holdings, the stock remains listed on the Nasdaq Capital Market while the company works on its Form 10-Q and compliance plan.

Could Fathom Holdings (FTHM) be delisted from Nasdaq due to the late Form 10-Q?

Fathom Holdings securities could face delisting if the company does not regain compliance within Nasdaq’s allowed timeframe. According to Fathom Holdings, failure to timely regain compliance with Listing Rule 5250(c)(1) would subject its securities to potential removal from the Nasdaq Capital Market.

What steps is Fathom Holdings (FTHM) taking to address the late Form 10-Q filing?

Fathom Holdings states it is working diligently to finalize its financial statements and file the Form 10-Q as soon as practicable. According to Fathom Holdings, the company also plans to submit a formal plan to Nasdaq to regain listing rule compliance.

What happens if Nasdaq does not accept Fathom Holdings (FTHM) compliance plan?

If Nasdaq does not accept the company’s compliance plan, Fathom Holdings will have the opportunity to appeal to a Nasdaq hearings panel. According to Fathom Holdings, there is no assurance the plan will be accepted or that compliance will be regained within any extension period.