Fathom Holdings Inc.
FTHM Real Estate Real Estate Services
Fathom Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $420.5 million, up 25.4% from fiscal 2024. In the quarter to June 2026, revenue fell 5.61%, EPS fell 46.2%, free cash flow grew 27.6% and total debt rose 27.8%, each against the same quarter a year earlier.
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Fathom Holdings Inc. (FTHM) Piotroski F-score
Fathom Holdings Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (1.00) |
| FY2024 | 4 | 3.00 |
| FY2023 | 1 | (1.00) |
| FY2022 | 2 | 0.00 |
| FY2021 | 2 | (3.00) |
| FY2020 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (26.47%) | (27.90%) | Fail | 0 |
| Positive operating cash flow | (20.54m) | (4.69m) | Fail | 0 |
| Rising return on assets | (26.47%) | (27.90%) | Pass | 1 |
| Cash flow above net income | (229.00k) | 16.89m | Fail | 0 |
| Falling long-term leverage | 0.04 | 0.11 | Pass | 1 |
| Rising current ratio | 1.06 | 1.29 | Fail | 0 |
| No new shares issued | 28,196,300 | 20,244,300 | Fail | 0 |
| Rising gross margin | 8.13% | 8.43% | Fail | 0 |
| Rising asset turnover | 5.48 | 4.33 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| GBR New Concept Energy, Inc compare | 5 |
| AIRE reAlpha Tech Corp. compare | 5 |
| OMH Ohmyhome Limited compare | 5 |
| LHAI Linkhome Holdings Inc. compare | 4 |
| LEJUY Leju Holdings Limited compare | 3 |
| OPAD Offerpad Solutions Inc. compare | 3 |
| FTHM Fathom Holdings Inc. | 3 |
| NYC American Strategic Investment Co. compare | 2 |
| GYRO Gyrodyne , LLC compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover