Welcome to our dedicated page for Fathom Holdings news (Ticker: FTHM), a resource for investors and traders seeking the latest updates and insights on Fathom Holdings stock.
Fathom Holdings Inc. (Nasdaq: FTHM) is described as a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents. The FTHM news feed on Stock Titan brings together company press releases, operational updates, partnership announcements, capital markets activity, and other disclosures that Fathom has made public.
Recent company communications have highlighted several themes. Fathom has reported revenue and transaction growth across its real estate brokerage segment, along with contributions from mortgage, title, and technology. The company has discussed initiatives such as its Elevate program, Real Results lead platform, and the integration of ancillary services to support agents and clients on its intelliAgent-powered platform.
News items have also described strategic partnerships and acquisitions. Fathom has announced a partnership with Move Concierge to extend concierge moving services to its agents and clients, and a collaboration with ByOwner aimed at converting for-sale-by-owner listings into full-service transactions with Fathom agents. The company has also reported the acquisition and expansion of START Real Estate, which focuses on first-time homebuyers, and the geographic growth of Verus Title into additional U.S. states.
In addition, Fathom has issued press releases about capital raising through an underwritten public offering of common stock and has provided regular earnings updates, including segment revenue details and non-GAAP metrics such as Adjusted EBITDA. Investors and observers can use this news page to review how Fathom communicates its strategy, growth initiatives, financial performance framework, and corporate actions over time.
Fathom Holdings (FTHM) has acquired My Home Group, a leading Arizona-based brokerage ranked 27th nationally by transaction volume. The acquisition adds over 2,200 agents who complete approximately 12,000 transactions annually, expanding Fathom's agent network to 14,500 nationwide. My Home Group will retain its name, with co-founders Jereme Kleven and Mark Hutchins continuing to oversee operations. The merger strengthens Fathom's presence in Arizona's growing real estate market and creates opportunities to cross-sell mortgage and title services to My Home Group's client base.
Verus Title, a subsidiary of Fathom Holdings (Nasdaq: FTHM), has announced two key leadership appointments. Monica Schroeder, with over 20 years of industry experience and a previous role leading a national title agency, has been appointed as President. Penelope Vockel, formerly Vice President for the Northeast and Midwest regions, has been promoted to Chief Operating Officer. Schroeder brings expertise in scaling operations and enhancing client experiences through technology, while Vockel has been instrumental in driving growth across multiple regions with her decade-long industry experience and legal background from Georgetown University.
Fathom Holdings (Nasdaq: FTHM) has scheduled its Third Quarter 2024 earnings conference call for Thursday, November 7, 2024, at 5:00 p.m. ET. The company, which operates a national technology-driven real estate services platform, will release its financial results for the quarter ended September 30, 2024, via press release before the call. The conference call will be accessible via toll-free and international dial-in numbers, with a live audio webcast available simultaneously. A telephone replay will be available through November 21, 2024.
Fathom Holdings CEO Marco Fregenal has been named one of HousingWire's 2024 Vanguard award winners, recognizing his influential leadership in the housing economy. The prestigious award honors 100 executives for their significant contributions to their organizations and the industry.
Under Fregenal's leadership, Fathom Holdings has achieved several milestones:
- Became one of the top 10 largest real estate brokerage firms in the U.S.
- Increased gross margin to 10% in Q1 2024
- Grew agent network by 13% year-over-year, reaching approximately 12,000 agents
- Expanded operations to 42 states and the District of Columbia
Scott N. Flanders, chairman of Fathom Holdings, praised Fregenal's visionary leadership, commitment to innovation, and ability to navigate complex market conditions while driving the company forward.
Fathom Holdings Inc. (Nasdaq: FTHM) announced the expansion of its subsidiary, Verus Title, into Rhode Island. This marks a significant milestone in Verus Title's growth strategy, extending its operations to 29 states across the U.S. The expansion demonstrates Fathom Holdings' commitment to pursuing targeted growth opportunities and diversifying its portfolio.
Jon Gwin, Fathom's Chief Operating Officer, emphasized the company's strategic vision of growth and innovation. Monica Schroeder, Verus Title President, expressed excitement about bringing their expertise and innovative solutions to Rhode Island. This expansion aligns with Verus Title's mission to provide exceptional real estate settlement and title services on a broader scale.
Fathom Holdings Inc. (Nasdaq: FTHM) has announced a $5 million convertible note private placement to accelerate agent and transaction growth. The company sold senior secured convertible promissory notes to an existing shareholder and the chairman of the Board of Directors. Key details include:
- Interest rate: Monthly average SOFR + 4% per annum (minimum 8%)
- Conversion price: $4.25 per share (85% premium above last reported sale price)
- Maturity date: October 1, 2026
- Quarterly interest payments starting October 1, 2025
CEO Marco Fregenal stated that this capital will help fast-track plans for agent and transaction growth, focusing on targeted walkovers and acquisitions. The demand for Fathom's revenue share model across agent fee plans demonstrates the company's momentum.
Fathom Realty, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has been named the top real estate company for agent satisfaction among the nation's 40 largest real estate companies by Career.io. The study analyzed over 755,000 job reviews, with Fathom Realty earning the highest Glassdoor rating in the industry.
Key factors contributing to Fathom's top ranking include:
- Agent-centric business model with innovative compensation plans
- Comprehensive training and leadership support
- Cutting-edge technology for streamlined operations
- Collaborative culture prioritizing teamwork and servant leadership
This recognition underscores Fathom's commitment to creating a supportive environment for agents and employees, which in turn drives the company's success and growth.
Fathom Realty, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has reached a nationwide settlement related to claims in the Burnett v. The National Association of Realtors lawsuit. The company will pay a total of $2.95 million in three installments: $500,000 within 5 days of court approval, $500,000 by October 1, 2025, and $1.95 million by October 1, 2026. Fathom Realty has also agreed to adhere to rule changes proposed by the National Association of REALTORS.
CEO Marco Fregenal emphasized that this settlement is not an admission of liability or acknowledgment of claim validity. The company maintains it never participated in any conspiracy to inflate commissions. The settlement aims to avoid ongoing legal fees and allow the executive team to focus on business growth and agent support.
Fathom Holdings Inc. (Nasdaq: FTHM), a national technology-driven real estate services platform, is set to present at the 2024 Annual Gateway Conference in San Francisco. CEO Marco Fregenal will deliver a presentation on September 4, 2024, at 8:30 a.m. PT. The event will be held at the Four Seasons Hotel from September 4-5.
Investors can access a live webcast of the presentation, with a replay option available. Fregenal will also conduct one-on-one meetings with investors and analysts on the same day. This conference provides Fathom an opportunity to showcase its integrated services, including residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents.
Fathom Holdings Inc. (FTHM) reported Q2 2024 results, showing a 12% growth in its real estate agent network to ~12,224 agent licenses. Despite an 8% decrease in transactions, the company achieved overall positive Adjusted EBITDA for the quarter. Total revenue decreased 11% to $89.2 million, with brokerage revenue down 12%. GAAP net loss improved to $1.3 million ($0.07 per share) from $4.3 million in Q2 2023. Fathom launched new revenue share models and sold its insurance business for $15 million. The company aims to return to 30% agent growth in coming quarters but has withheld Q3 2024 guidance due to the uncertain impact of new revenue share models.