Fathom Realty

What Fathom Realty does

Fathom Realty is a U.S. residential real estate brokerage operating as a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ: FTHM), headquartered in Cary, North Carolina. Founded in 2010, the company runs a technology-driven, agent-first model that recruits and retains licensed real estate agents through a combination of proprietary tools and operational support. Its primary product is the intelliAgent technology platform, which provides agents with a unified environment for transaction management, client relationship management, and business operations, complemented by Fathom Elevate, a concierge service that offloads administrative, marketing, and operational tasks from individual agents.

The company generates revenue primarily through real estate transaction commissions, taking a share of agent-generated gross commission income (GCI) on closed deals. Its GTM is predominantly sales-led and acquisitive: Fathom expands its national footprint by acquiring regional brokerages and folding their agents into its network, with disclosed acquisitions including Epic Realty (2021), LiveBy (2021), Red Barn Homes (2021), iPro Realty Network (2022), My Home Group (2024), START Real Estate (2025), and EXIT Homestead Realty Professionals (2026). The parent company has raised public equity and debt capital to fund this roll-up, including a $32.7M post-IPO equity raise in November 2021, a $3.5M convertible note in April 2023, and a $3.45M net underwritten offering in December 2023.

Beyond brokerage, Fathom has built a multi-subsidiary ecosystem: Verus Title provides title services, while Naberly Solutions and LiveBy contribute real estate technology capabilities. The customer base is horizontal — a long tail of individual agents operating across multiple U.S. states — rather than concentrated enterprise accounts. Recent leadership changes include the February 2026 appointments of Lori Muller as President and Stephanie Verderose as VP of Growth, both bringing prior executive experience at EXIT Realty Corp. International. The business reported revenue of approximately $420.5M in 2025 with 32.78% trailing twelve months growth, narrowing EBITDA losses, and a stated FY2026 gross profit target of $38.0M.

Name

Fathom Realty

Legal name

Fathom Realty

Website

https://fathomrealty.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

10,001+ employees

Short description

Fathom Realty is a U.S. residential real estate brokerage and subsidiary of Fathom Holdings Inc. (NASDAQ: FTHM) that recruits licensed agents onto its proprietary intelliAgent platform and Fathom Elevate concierge service, growing primarily through regional brokerage acquisitions across multiple states.

Ownership category

akta.pro rank

Product category

Residential Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (531210), Title Abstract and Settlement Offices (541191)

SIC

Real Estate Agents & Managers (For Others) (6531), Title Insurance (6361)

akta.pro primary industry

Traditional Residential Brokerage (Existing Homes) (BPAJAAAA)

akta.pro secondary industry

Notary & Signing Agent Services (Remote/Onsite) (BPAJAOAF)

Keywords

• Residential real estate brokerage
• Real estate agent services
• Real estate technology platform
• Brokerage acquisition network
• Agent concierge services

Headquarters

HQ city

Cary

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Commission Revenue: Fathom Realty generates revenue through real estate transaction commissions. The company operates under an agent-first model where agents leverage the company's technology platform and support services to close transactions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Fathom Realty is a technology-driven residential real estate brokerage that operates a national network of licensed agents. It provides agents with its proprietary intelliAgent technology platform for managing transactions and client relationships, complemented by Fathom Elevate concierge support services for administrative, marketing, and operational tasks. The company grows by acquiring regional brokerages and onboarding agent teams into its agent-first model.

Product overview

Fathom Realty operates as a technology-driven real estate brokerage platform offering residential brokerage services through a network of agents. The company's product portfolio centers on its proprietary intelliAgent technology platform and Fathom Elevate concierge support services, which together form an agent-first model designed to support real estate agents throughout their careers.

Differentiator

Problem solved

Functional benefit

Brands

• intelliAgent: Proprietary technology platform used by Fathom Realty for agent operations and support.
• Fathom Elevate

Products and services

• Residential Real Estate Brokerage Services
• intelliAgent Platform Fathom's proprietary technology platform that supports agents with a technology-driven, agent-first business model, enabling agents to manage their real estate operations through an integrated digital environment for transaction management, client relationships, and business operations.
• Fathom Elevate Concierge Services Concierge support services provided to agents as part of Fathom's agent-first model, offering administrative, marketing, and operational support to foster agent growth and productivity.

Quantifiable outcome

• 32.78% revenue growth over trailing twelve months
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• EXIT Homestead Realty ProfessionalscoreChannel Partner/ Reseller/ Distributor · 5 March 2026EXIT Homestead Realty Professionals, a South Jersey real estate brokerage with over 50 agents, officially joined Fathom Realty as part of an acquisition/expansion strategy. Former Broker/Owner Stephanie Verderose joined as Vice President of Growth. The transition aligns Homestead with Fathom's proprietary intelliAgent technology platform and agent-first business model.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• eXp World Holdings (eXp Realty): eXp Realty is a cloud-based, agent-centric brokerage that leverages technology to support a distributed agent network, making it the closest direct peer to Fathom's tech-driven, agent-first model.
• The Real Brokerage: Real Brokerage is a technology-focused residential real estate brokerage with a similar agent-first, commission-based revenue model and a track record of attracting producing teams via acquisitions, including the Bachman Realty Group that left Fathom.
• Compass: Compass is a large technology-enabled residential brokerage competing for top agents and teams, pursuing a similar strategy of combining proprietary tech tools with premium agent services in overlapping markets.
• Redfin: Redfin is a technology-driven residential brokerage that integrates its own agent network with a consumer-facing platform, overlapping with Fathom's residential brokerage and tech-enabled service model.
• EXIT Realty Corporation: EXIT Realty is a franchised residential brokerage network that competes for agents and teams via structured commission models; Fathom's recent hires (Lori Muller, Stephanie Verderose) and acquisitions came directly from EXIT's leadership and franchise base.
• Howard Hanna Real Estate: Howard Hanna is a large regional residential brokerage that has grown via acquisitions of regional firms, a similar M&A-led expansion playbook to Fathom's, particularly across the Midwest and East Coast.

Broad incumbents

• RE/MAX: RE/MAX is a global franchised residential real estate brokerage network that competes broadly with Fathom for agents, teams, and consumer mindshare across overlapping geographies.
• Keller Williams Realty: Keller Williams is one of the largest agent-centric residential brokerages in the U.S., with a similar culture of agent ownership and profit-sharing; a broad incumbent competing for the same agent talent and consumers.
• Anywhere Real Estate: Anywhere Real Estate (parent of Coldwell Banker, Sotheby's, Century 21) is a large brokerage conglomerate operating across franchise and owned brokerage segments; Fathom is opting into Anywhere's Tuccori settlement, illustrating direct industry overlap.
• Berkshire Hathaway HomeServices: Berkshire Hathaway HomeServices is a national residential real estate brokerage franchise network competing for agents and listings in overlapping markets with Fathom's network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FathomRealty
• Facebookfacebook.com/fathomrealty

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fathom Realty