Quarterly ResultAug 13, 2026, 04:26 PM
Fathom Holdings Q2 Net Loss Widens to $6.2M; Going Concern Doubt
AI Summary
Fathom Holdings Inc. reported a widened net loss of $6.2 million for Q2 2026, compared to $3.6 million in Q2 2025, with revenue decreasing to $114.6 million from $121.4 million. For the six months ended June 30, 2026, the net loss increased to $14.4 million from $9.2 million in the prior year. The company disclosed substantial doubt about its ability to continue as a going concern, mitigated by a financial support commitment from Bed Bath & Beyond, Inc. (BBBY).
Key Highlights
- Q2 2026 net loss widened to $6.2 million from $3.6 million in Q2 2025.
- Q2 2026 revenue decreased to $114.6 million from $121.4 million in Q2 2025.
- Six-month net loss increased to $14.4 million from $9.2 million year-over-year.
- Company disclosed substantial doubt about its ability to continue as a going concern.
- Received $3.0 million Bridge Note from BBBY in March 2026, increased by $1.0 million in May 2026.
- Convertible note interest rate increased to 18% due to late 10-Q filing default.
- Net cash used in operating activities was $4.6 million for the six months ended June 30, 2026.
- Accelerated amortization of certain internally developed software due to planned decommissioning.
Price Impact
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