Fathom Holdings reported strong Q3 growth, with revenue up 38% to $115.3M, transactions rising 23%, and agent count up 24%. Adjusted EBITDA turned positive for the second consecutive quarter. Ancillary services, including title and mortgage, contributed to growth, while the Elevate program and START Real Estate acquisition boosted agent productivity and first-time buyer initiatives. AI Summary
Fathom Holdings is leaning into expansion, agent productivity initiatives and stronger ancillary service performance — reporting double-digit growth across its core operations in the third quarter.
Revenue rose 38% year-over-year to $115.3 million, while agent count climbed 24% and transactions increased 23%.
“In the third quarter, we continued to build on the momentum achieved in the first half of the year,” Fathom CEO Marco Fregenal said. “Despite a challenging housing market, we delivered year-over-year revenue growth and achieved adjusted EBITDA profitability. We also expanded our agent base and advanced multiple initiatives across our platform.”
Ancillary services again played a central role in the company’s growth plans — led by 29% year-over-year growth in title revenue.
The company highlighted momentum within Elevate, its productivity-focused agent program.
“Elevate continues to scale, with over 165 agents onboarded and another 45 in the pipeline,” Fregenal said. “Elevate remains one of our most exciting initiatives, providing agents with greater time and support to close more transactions while driving higher productivity, retention and profitability for both our agents and the company.”
During the quarter, Fathom strengthened its training and onboarding capabilities through a partnership with leadership expert J’aime Nowak and added 70 new Elevate agents.
Agent licenses across the company totaled roughly 15,371 at the end of September.
Expansion efforts remained a priority with Verus Title entering Arizona and Alabama. That move brought its total footprint to 34 states as well as the District of Columbia.