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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Fathom
Fathom (FTHM) investor relations material
Fathom Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Aug, 2026
Executive summary
Revenue for Q2 2026 was $114.6 million, down 6% year-over-year, driven by a 15% decline in transaction volume and a 29.9% decrease in agent count, partially offset by higher average revenue per transaction.
Net loss for Q2 2026 was $6.2 million, compared to $3.6 million in Q2 2025; net loss for the first half of 2026 was $14.4 million, up from $9.2 million in the prior year period.
The company implemented leadership changes and entered into a merger agreement with Bed Bath & Beyond, Inc. in June 2026.
Financial highlights
Gross commission income for Q2 2026 decreased by $9.0 million (8%) year-over-year; other service revenue increased by $2.2 million (40%) due to growth in title and mortgage services.
Operating expenses for Q2 2026 were $119.0 million, down 3.9% year-over-year, with commission and service costs decreasing 6.6%.
Adjusted EBITDA for Q2 2026 was $(1.2) million, compared to $29,000 in Q2 2025.
Cash and cash equivalents as of June 30, 2026, were $4.5 million, down from $5.8 million at year-end 2025.
Net working capital was negative $10.2 million as of June 30, 2026.
Outlook and guidance
Management expects existing cash, proceeds from asset sales, and committed financial support to be sufficient for at least the next twelve months.
The company is positioned for future growth through strategic recruiting, acquisitions, and a competitive revenue share program.
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Latest events from Fathom
- Q1 2026 saw revenue fall 7.2% and net loss widen to $8.2M, with a merger pending.FTHM
Q1 2026 - 2025 revenue rose 25% to $420.5M, with improved margins and narrowed net loss.FTHMQ4 2025
- Registering 1.29M shares for resale from note conversions; no proceeds to company.FTHMRegistration Filing
- 36% revenue growth and tech-driven expansion position the firm for major industry disruption.FTHMThe Gateway Conference 2025
- Q3 revenue dropped 10% and net loss widened, but agent network and liquidity improved.FTHMQ3 2024
- Proprietary tech and flexible agent models drive growth and profitability amid industry shifts.FTHM2024 Annual Gateway Conference
- Revenue fell 11%, but net loss narrowed and Adjusted EBITDA turned positive in Q2 2024.FTHMQ2 2024
- Returned to growth with low-cost, tech-driven model and expects profitability in Q2 2024.FTHMStatus Update
- Q4 revenue up 24%, gross profit up 25%, and positive EBITDA targeted for Q2 2025.FTHMQ4 2024
Next Fathom earnings date
Q3 202610 Nov, 2026
Fathom
Next Fathom earnings date
Q3 202610 Nov, 2026
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Frequently asked questions
Fathom Holdings Inc operates as a real estate technology company offering cloud-based residential brokerage services. The company provides proprietary platforms for transaction management, agent management, and client relationship tools. Fathom Holdings supports real estate agents with virtual brokerage infrastructure and integrated services such as mortgage and title services. The company is headquartered in Cary, North Carolina, and its shares are listed on the NASDAQ.