Fathom Holdings Inc. (FTHM) Income Statement
FTHM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFTHM revenue and net income
Where FTHM's revenue goes
2025Each bar shows an amount and its share of revenue. FTHM kept −4.8% of revenue as net income.
FTHM profit margins
FTHM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.4% | +0.6% | +18.9% | — |
| Gross profit | +21.0% | +1.7% | +26.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FTHM quarterly EPS vs estimates
Fathom beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 10, 2026.
FTHM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $420.5M | $335.2M | $345.2M | $413.0M | $330.2M | $176.8M | $109.6M | $77.3M | $55.4M |
| Cost of revenue | $386.3M | $306.9M | $316.9M | $380.5M | $300.5M | $166.3M | $103.7M | $73.4M | $51.9M |
| Gross profit | $34.2M | $28.3M | $28.3M | $32.5M | $29.7M | $10.4M | $5.9M | $3.9M | $3.5M |
| Research & development | $7.3M | $6.6M | $6.3M | $7.7M | $3.9M | $372,000 | $34,000 | — | — |
| Sales, general & admin | $38.2M | $39.4M | $42.1M | $48.4M | $34.6M | $11.3M | $9.9M | $5.4M | $3.8M |
| Total operating expenses | $47.7M | $51.7M | $51.5M | $59.2M | $45.8M | $11.7M | $9.9M | $5.4M | $3.8M |
| Operating income | −$13.6M | −$23.5M | −$23.3M | −$26.8M | −$16.1M | −$1.3M | −$4.0M | −$1.5M | −$343,590 |
| Interest expense | $594,000 | $537,000 | $245,000 | $11,000 | $7,000 | $84,000 | $109,709 | $102,123 | $0 |
| Income before taxes | −$20.2M | −$22.6M | −$23.8M | $27.7M | −$15.7M | −$1.3M | −$4.1M | −$1.6M | −$420,562 |
| Income taxes | $85,000 | −$1.0M | $148,000 | $55.3M | −$3.2M | −$8,000 | −$8,000 | $27,155 | $5 |
| Net income | −$20.3M | −$21.6M | −$24.0M | −$27.6M | −$12.5M | −$1.3M | −$4.1M | −$1.7M | −$420,562 |
| EBITDA | −$13.8M | −$16.6M | −$17.6M | −$21.4M | −$13.4M | −$1.1M | −$3.9M | −$1.5M | −$320,226 |
| EPS (diluted) | −$0.60 | −$0.70 | −$0.89 | −$1.47 | −$0.80 | −$0.10 | −$0.02 | −$0.18 | — |
| Gross margin | 8.1% | 8.4% | 8.2% | 7.9% | 9.0% | 5.9% | 5.4% | 5.0% | 6.3% |
| Operating margin | −3.2% | −7.0% | −6.7% | −6.5% | −4.9% | −0.7% | −3.6% | −2.0% | −0.6% |
| Net margin | −4.8% | −6.4% | −6.9% | −6.7% | −3.8% | −0.8% | −3.7% | −2.2% | −0.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114.6M | $86.4M | $90.6M | $115.3M | $121.4M | $93.1M | $91.7M | $83.7M | $89.2M | $70.5M | $74.1M | $93.5M |
| Cost of revenue | $107.2M | $79.8M | $83.5M | $105.7M | $113.5M | $85.0M | $93.5M | $74.2M | $78.0M | $63.6M | $66.3M | $92.6M |
| Gross profit | $7.4M | $6.6M | $7.1M | $9.6M | $7.9M | $8.1M | −$1.8M | $9.5M | $11.2M | $6.9M | $7.8M | $916,000 |
| Research & development | $2.9M | $1.4M | $1.7M | $1.8M | $939,000 | $1.9M | $735,000 | $2.0M | $1.9M | $1.6M | $2.9M | $1.8M |
| Sales, general & admin | $9.1M | $12.2M | $9.6M | $9.2M | $9.4M | $10.0M | $6.4M | $9.4M | $9.7M | $10.2M | $10.1M | $9.8M |
| Total operating expenses | $11.6M | $94.0M | $11.9M | $13.6M | $10.3M | $12.5M | $7.3M | $17.3M | $11.8M | $12.5M | $15.9M | $6.3M |
| Operating income | −$4.1M | −$7.6M | −$4.7M | −$4.0M | −$2.4M | −$4.4M | −$9.0M | −$7.8M | −$671,000 | −$5.7M | −$8.1M | −$5.4M |
| Interest expense | $218,000 | $110,000 | $119,000 | $112,000 | $207,000 | $156,000 | $219,000 | $104,000 | $109,000 | $105,000 | $94,000 | $88,000 |
| Income before taxes | −$6.2M | −$8.2M | −$6.7M | −$4.3M | −$3.5M | −$5.6M | −$7.3M | −$8.1M | −$1.3M | −$5.9M | −$8.3M | −$5.5M |
| Income taxes | $22,000 | — | −$17,000 | $24,000 | $62,000 | $17,000 | −$1.1M | $17,000 | −$6,000 | $17,000 | $93,000 | $18,000 |
| Net income | −$6.2M | −$8.2M | −$6.7M | −$4.4M | −$3.6M | −$5.6M | −$6.2M | −$8.1M | −$1.3M | −$5.9M | −$8.4M | −$5.5M |
| EBITDA | −$1.6M | −$6.7M | −$5.1M | −$2.7M | −$1.9M | −$4.0M | −$5.7M | −$6.7M | $128,000 | −$4.3M | −$6.6M | −$3.8M |
| EPS (diluted) | −$0.19 | −$0.24 | −$0.19 | −$0.13 | −$0.10 | −$0.18 | −$0.29 | −$0.15 | −$0.09 | −$0.17 | −$0.50 | −$0.14 |
| Gross margin | 6.5% | 7.6% | 7.9% | 8.3% | 6.5% | 8.7% | −1.9% | 11.4% | 12.5% | 9.7% | 10.5% | 1.0% |
| Operating margin | −3.6% | −8.8% | −5.2% | −3.5% | −2.0% | −4.8% | −9.9% | −9.3% | −0.8% | −8.0% | −10.9% | −5.7% |
| Net margin | −5.4% | −9.5% | −7.4% | −3.8% | −3.0% | −6.1% | −6.8% | −9.7% | −1.5% | −8.4% | −11.4% | −5.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FTHM's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FTHM financial results
In fiscal year 2025 (ended December 31, 2025), Fathom reported revenue of $420.5 million, up 25.4% from the year before. It had a net loss of $20.3 million, a net profit margin of −4.8%. Diluted earnings per share came to −$0.60. Over five years revenue grew at an average rate of 18.9% a year.
See the FTHM stock overview for the latest quote and news, or the FTHM chart for price history and technical indicators.
FTHM income statement FAQ
What is Fathom's annual revenue?
Fathom reported total revenue of $420.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 25.4% from $335.2 million the previous year.
Is Fathom profitable?
No. Fathom reported a net loss of $20.3 million in fiscal 2025, a net profit margin of −4.8%; its operating margin was −3.2%.
What is Fathom's gross margin?
Fathom's gross margin was 8.1% in fiscal 2025: for every $100 of revenue, Fathom kept $8 after the direct cost of its products and services.
How much does Fathom spend on research and development?
Fathom spent $7.3 million on research and development in fiscal 2025, 1.7% of revenue.
How fast is Fathom growing?
Revenue grew 18.9% a year on average over the last five fiscal years, from $176.8 million to $420.5 million.
What are Fathom's earnings per share?
Fathom earned $-0.60 per diluted share in fiscal 2025, compared with $-0.70 a year earlier.
When will Fathom report its next earnings?
Fathom is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does Fathom's fiscal year end?
Fathom's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.