Fathom Holdings Q4 revenue down 12.7% to $83.4M, net loss widens to $9.9M

Total revenue decreased 12.7% for the 2022 fourth quarter to $83.4 million, from $95.5 million for 2021's fourth quarter. Fathom completed approximately 9,250 real estate transactions for the 2022 fourth quarter, a decrease of 14% from the 2021 fourth quarter. Fathom's real estate agent network grew 28% to approximately 10,370 agents at December 31, 2022, up from approximately 8,100 agents at December 31, 2021. Segment revenue for the 2022 fourth quarter, compared with the 2021 fourth quarter was as follows: Three Months Ended December 31, (Revenue $ in millions) 2022 2021 Real Estate Brokerage $ 79.5 $ 89.7 Mortgage 1.3 2.7 Technology 0.7 0.7 Other* 1.9 2.4 Total revenue $ 83.4 $ 95.5 *Other primarily includes revenue generated from Fathom’s title and insurance businesses. GAAP net loss for the 2022 fourth quarter was $9.9 million, or a loss of $0.63 per share, compared with a loss of $3.6 million, or a loss of $0.24 per share, for the 2021 fourth quarter.

Total revenue for 2022 grew 25% to $412.9 million, from $330.2 million for 2021. Segment revenue for the 2022 full year, compared with the 2021 full year was as follows: Year Ended December 31, (Revenue $ in millions) 2022 2021 Real Estate Brokerage $ 390.6 $ 314.4 Mortgage 9.6 6.8 Technology 2.7 2.0 Other* 10.0 7.0 Total revenue $ 412.9 $ 330.2 *Other primarily includes revenue generated from Fathom’s title and insurance businesses. GAAP net loss for 2022 was $27.6 million, or a loss of $1.73 per share, compared with a GAAP net loss of $12.5 million, or a loss of $0.88 per share, for 2021.