Fathom Holdings Inc. (FTHM) intrinsic value & 10-year financials

Fathom Holdings Inc. (FTHM) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 24.8% a year to $420.5M, with an average return on invested capital of -15.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.19
Market cap
$5.3M
Revenue (FY2025)
$420.5M
Revenue growth (8-yr CAGR)
24.8%
ROIC (10-yr avg)
-15.0%
Free cash flow (FY2025)
-$20.7M

FTHM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $420.5M -$20.3M -$0.72 -$20.7M -3.7% -34.2%
FY2024 $335.2M -$21.6M -$1.07 -$4.7M -7.0% -42.2%
FY2023 $345.2M -$24.0M -$1.47 -$10.6M -6.7% -40.4%
FY2022 $413.0M -$27.6M -$1.73 -$7.5M -6.5% -50.2%
FY2021 $330.2M -$12.5M -$0.88 -$12.6M -4.9% -52.4%
FY2020 $176.8M -$1.3M -$0.12 -$1.3M -0.7% -280.2%
FY2019 $111.2M -$4.1M — -$1.2M -3.6% 394.8%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Fathom Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Fathom Holdings Inc. has historically struggled to out-earn its cost of capital, averaging just -31.2% ROIC.

Fathom Holdings Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fathom Holdings Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-23.92 per share.

FTHM stock: frequently asked questions

What is the intrinsic value of Fathom Holdings Inc. (FTHM) stock?

Graham's formula only works with positive earnings. Fathom Holdings Inc. reported diluted EPS of -$0.72 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Fathom Holdings Inc. generate free cash flow?

Fathom Holdings Inc. generated -$20.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is FTHM's return on invested capital?

Average ROIC over the last 8 fiscal years was -15.0%, and average return on equity was 96.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FTHM data come from?

From Fathom Holdings Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 16, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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