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Side-by-side financial comparison of Fathom Holdings Inc. (FTHM) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.

Fathom Holdings Inc. is the larger business by last-quarter revenue ($90.6M vs $77.4M, roughly 1.2× InvenTrust Properties Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -7.4%, a 10.8% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs -1.2%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $-20.7M). Over the past eight quarters, Fathom Holdings Inc.'s revenue compounded faster (13.4% CAGR vs 7.6%).

Fathom Holdings Inc. is a US-based real estate technology and services enterprise. It provides end-to-end solutions for real estate agents, brokers, and consumers, including digital transaction management tools, mortgage services, title insurance, and residential property brokerage services, covering most regional markets across the United States.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

FTHM vs IVT — Head-to-Head

Bigger by revenue
FTHM
FTHM
1.2× larger
FTHM
$90.6M
$77.4M
IVT
Growing faster (revenue YoY)
IVT
IVT
+9.9% gap
IVT
8.6%
-1.2%
FTHM
Higher net margin
IVT
IVT
10.8% more per $
IVT
3.4%
-7.4%
FTHM
More free cash flow
IVT
IVT
$131.6M more FCF
IVT
$110.9M
$-20.7M
FTHM
Faster 2-yr revenue CAGR
FTHM
FTHM
Annualised
FTHM
13.4%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTHM
FTHM
IVT
IVT
Revenue
$90.6M
$77.4M
Net Profit
$-6.7M
$2.7M
Gross Margin
Operating Margin
-5.2%
-11.0%
Net Margin
-7.4%
3.4%
Revenue YoY
-1.2%
8.6%
Net Profit YoY
-7.7%
-72.8%
EPS (diluted)
$-0.20
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FTHM
FTHM
IVT
IVT
Q4 25
$90.6M
$77.4M
Q3 25
$115.3M
$74.5M
Q2 25
$121.4M
$73.6M
Q1 25
$93.1M
$73.8M
Q4 24
$91.7M
$71.2M
Q3 24
$83.7M
$68.5M
Q2 24
$89.2M
$67.4M
Q1 24
$70.5M
$66.8M
Net Profit
FTHM
FTHM
IVT
IVT
Q4 25
$-6.7M
$2.7M
Q3 25
$-4.4M
$6.0M
Q2 25
$-3.6M
$95.9M
Q1 25
$-5.6M
$6.8M
Q4 24
$-6.2M
$9.8M
Q3 24
$-8.1M
$-539.0K
Q2 24
$-1.3M
$1.5M
Q1 24
$-5.9M
$2.9M
Operating Margin
FTHM
FTHM
IVT
IVT
Q4 25
-5.2%
-11.0%
Q3 25
-3.5%
-9.8%
Q2 25
-2.0%
Q1 25
-4.8%
-10.5%
Q4 24
-7.0%
-3.6%
Q3 24
-9.3%
-18.7%
Q2 24
-4.1%
-13.6%
Q1 24
-8.0%
-13.1%
Net Margin
FTHM
FTHM
IVT
IVT
Q4 25
-7.4%
3.4%
Q3 25
-3.8%
8.1%
Q2 25
-3.0%
130.4%
Q1 25
-6.1%
9.2%
Q4 24
-6.8%
13.8%
Q3 24
-9.7%
-0.8%
Q2 24
-1.5%
2.2%
Q1 24
-8.4%
4.3%
EPS (diluted)
FTHM
FTHM
IVT
IVT
Q4 25
$-0.20
$0.02
Q3 25
$-0.15
$0.08
Q2 25
$-0.13
$1.23
Q1 25
$-0.24
$0.09
Q4 24
$-0.29
$0.14
Q3 24
$-0.40
$-0.01
Q2 24
$-0.07
$0.02
Q1 24
$-0.31
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FTHM
FTHM
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$5.8M
Total DebtLower is stronger
$5.6M
$825.9M
Stockholders' EquityBook value
$37.4M
$1.8B
Total Assets
$78.0M
$2.8B
Debt / EquityLower = less leverage
0.15×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTHM
FTHM
IVT
IVT
Q4 25
$5.8M
Q3 25
$9.8M
Q2 25
$4.9M
Q1 25
$8.0M
Q4 24
$7.1M
Q3 24
$13.1M
Q2 24
$10.4M
Q1 24
$5.7M
Total Debt
FTHM
FTHM
IVT
IVT
Q4 25
$5.6M
$825.9M
Q3 25
$5.1M
$764.6M
Q2 25
$5.1M
$746.3M
Q1 25
$5.1M
$740.7M
Q4 24
$9.5M
$740.4M
Q3 24
$8.8M
$740.1M
Q2 24
$3.6M
$812.2M
Q1 24
$3.7M
$827.5M
Stockholders' Equity
FTHM
FTHM
IVT
IVT
Q4 25
$37.4M
$1.8B
Q3 25
$43.4M
$1.8B
Q2 25
$40.7M
$1.8B
Q1 25
$43.4M
$1.7B
Q4 24
$44.7M
$1.8B
Q3 24
$47.1M
$1.8B
Q2 24
$53.1M
$1.5B
Q1 24
$51.9M
$1.5B
Total Assets
FTHM
FTHM
IVT
IVT
Q4 25
$78.0M
$2.8B
Q3 25
$83.2M
$2.7B
Q2 25
$80.4M
$2.7B
Q1 25
$81.0M
$2.6B
Q4 24
$75.4M
$2.6B
Q3 24
$80.9M
$2.6B
Q2 24
$80.2M
$2.5B
Q1 24
$78.2M
$2.5B
Debt / Equity
FTHM
FTHM
IVT
IVT
Q4 25
0.15×
0.46×
Q3 25
0.12×
0.42×
Q2 25
0.12×
0.41×
Q1 25
0.12×
0.42×
Q4 24
0.21×
0.42×
Q3 24
0.19×
0.42×
Q2 24
0.07×
0.53×
Q1 24
0.07×
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FTHM
FTHM
IVT
IVT
Operating Cash FlowLast quarter
$-20.5M
$155.4M
Free Cash FlowOCF − Capex
$-20.7M
$110.9M
FCF MarginFCF / Revenue
-22.8%
143.3%
Capex IntensityCapex / Revenue
0.1%
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$-29.4M
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTHM
FTHM
IVT
IVT
Q4 25
$-20.5M
$155.4M
Q3 25
$3.0M
$43.8M
Q2 25
$-5.9M
$48.7M
Q1 25
$-5.7M
$20.2M
Q4 24
$-4.7M
$136.9M
Q3 24
$-330.0K
$38.4M
Q2 24
$-3.1M
$46.7M
Q1 24
$-947.0K
$14.8M
Free Cash Flow
FTHM
FTHM
IVT
IVT
Q4 25
$-20.7M
$110.9M
Q3 25
$3.0M
$31.4M
Q2 25
$-6.0M
$38.0M
Q1 25
$-5.8M
$12.8M
Q4 24
$-4.7M
$100.8M
Q3 24
$-364.0K
$29.3M
Q2 24
$-3.1M
$37.2M
Q1 24
$-948.0K
$7.7M
FCF Margin
FTHM
FTHM
IVT
IVT
Q4 25
-22.8%
143.3%
Q3 25
2.6%
42.2%
Q2 25
-4.9%
51.6%
Q1 25
-6.2%
17.4%
Q4 24
-5.2%
141.5%
Q3 24
-0.4%
42.8%
Q2 24
-3.5%
55.2%
Q1 24
-1.3%
11.5%
Capex Intensity
FTHM
FTHM
IVT
IVT
Q4 25
0.1%
57.5%
Q3 25
0.0%
16.7%
Q2 25
0.0%
14.6%
Q1 25
0.0%
10.0%
Q4 24
0.1%
50.7%
Q3 24
0.0%
13.3%
Q2 24
0.0%
14.0%
Q1 24
0.0%
10.6%
Cash Conversion
FTHM
FTHM
IVT
IVT
Q4 25
58.41×
Q3 25
7.27×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FTHM
FTHM

Real Estate Brokerage$84.9M94%
Mortgage Segment$3.4M4%
Other$2.3M3%

IVT
IVT

Segment breakdown not available.

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