M&A - Fathom Holdings Inc.

Form Type: 10-Q

Filing Date: 2025-05-13

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025025081

Filing Summary: Fathom Holdings Inc. reported its financial results for the quarter ended March 31, 2025, demonstrating increased revenue of $93.1 million compared to $70.5 million in the same quarter of the previous year. The company recorded net losses of approximately $5.6 million, slightly improving from the $5.9 million loss in the prior year. The financial statements reveal a growth in total assets to $81 million as of March 31, 2025, up from $75.4 million at the end of 2024. The consolidated balance sheet indicates an increase in common stock outstanding to 27,587,774 shares following the public offering that contributed $3.0 million to additional paid-in capital. Furthermore, Fathom acquired My Home Group, a real estate brokerage, in November 2024 for approximately $4.2 million, which included both cash and stock considerations, expected to enhance the company's market position. The report emphasizes ongoing challenges pertaining to cash flow, operational expenditures, and the need for continuous profitability in a competitive market.