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Side-by-side financial comparison of Fathom Holdings Inc. (FTHM) and MIMEDX GROUP, INC. (MDXG). Click either name above to swap in a different company.

MIMEDX GROUP, INC. is the larger business by last-quarter revenue ($118.1M vs $90.6M, roughly 1.3× Fathom Holdings Inc.). MIMEDX GROUP, INC. runs the higher net margin — 12.9% vs -7.4%, a 20.3% gap on every dollar of revenue. On growth, MIMEDX GROUP, INC. posted the faster year-over-year revenue change (27.1% vs -1.2%). Over the past eight quarters, MIMEDX GROUP, INC.'s revenue compounded faster (18.1% CAGR vs 13.4%).

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.

MiMedx is an American biomedical company based in Marietta, Georgia, founded in 2008. Using tissues from birth such as the placenta, amniotic sac, and umbilical cord, MiMedx creates skin for skin grafts for medical use.

FTHM vs MDXG — Head-to-Head

Bigger by revenue
MDXG
MDXG
1.3× larger
MDXG
$118.1M
$90.6M
FTHM
Growing faster (revenue YoY)
MDXG
MDXG
+28.3% gap
MDXG
27.1%
-1.2%
FTHM
Higher net margin
MDXG
MDXG
20.3% more per $
MDXG
12.9%
-7.4%
FTHM
Faster 2-yr revenue CAGR
MDXG
MDXG
Annualised
MDXG
18.1%
13.4%
FTHM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTHM
FTHM
MDXG
MDXG
Revenue
$90.6M
$118.1M
Net Profit
$-6.7M
$15.2M
Gross Margin
83.9%
Operating Margin
-5.2%
17.8%
Net Margin
-7.4%
12.9%
Revenue YoY
-1.2%
27.1%
Net Profit YoY
-7.7%
104.2%
EPS (diluted)
$-0.20
$0.10

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
MDXG
MDXG
Q4 25
$90.6M
$118.1M
Q3 25
$115.3M
$113.7M
Q2 25
$121.4M
$98.6M
Q1 25
$93.1M
$88.2M
Q4 24
$91.7M
$92.9M
Q3 24
$83.7M
$84.1M
Q2 24
$89.2M
$87.2M
Q1 24
$70.5M
$84.7M
Net Profit
FTHM
FTHM
MDXG
MDXG
Q4 25
$-6.7M
$15.2M
Q3 25
$-4.4M
$16.7M
Q2 25
$-3.6M
$9.6M
Q1 25
$-5.6M
$7.0M
Q4 24
$-6.2M
$7.4M
Q3 24
$-8.1M
$8.1M
Q2 24
$-1.3M
$17.6M
Q1 24
$-5.9M
$9.3M
Gross Margin
FTHM
FTHM
MDXG
MDXG
Q4 25
83.9%
Q3 25
83.5%
Q2 25
81.1%
Q1 25
81.2%
Q4 24
81.8%
Q3 24
81.8%
Q2 24
83.0%
Q1 24
84.7%
Operating Margin
FTHM
FTHM
MDXG
MDXG
Q4 25
-5.2%
17.8%
Q3 25
-3.5%
19.5%
Q2 25
-2.0%
12.5%
Q1 25
-4.8%
9.4%
Q4 24
-7.0%
11.9%
Q3 24
-9.3%
13.3%
Q2 24
-4.1%
26.9%
Q1 24
-8.0%
15.6%
Net Margin
FTHM
FTHM
MDXG
MDXG
Q4 25
-7.4%
12.9%
Q3 25
-3.8%
14.7%
Q2 25
-3.0%
9.8%
Q1 25
-6.1%
8.0%
Q4 24
-6.8%
8.0%
Q3 24
-9.7%
9.6%
Q2 24
-1.5%
20.2%
Q1 24
-8.4%
10.9%
EPS (diluted)
FTHM
FTHM
MDXG
MDXG
Q4 25
$-0.20
$0.10
Q3 25
$-0.15
$0.11
Q2 25
$-0.13
$0.06
Q1 25
$-0.24
$0.05
Q4 24
$-0.29
$0.05
Q3 24
$-0.40
$0.05
Q2 24
$-0.07
$0.12
Q1 24
$-0.31
$0.06

Balance Sheet & Financial Strength

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

Metric
FTHM
FTHM
MDXG
MDXG
Cash + ST InvestmentsLiquidity on hand
$5.8M
$166.1M
Total DebtLower is stronger
$5.6M
$18.0M
Stockholders' EquityBook value
$37.4M
$256.5M
Total Assets
$78.0M
$342.7M
Debt / EquityLower = less leverage
0.15×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTHM
FTHM
MDXG
MDXG
Q4 25
$5.8M
$166.1M
Q3 25
$9.8M
$142.1M
Q2 25
$4.9M
$118.9M
Q1 25
$8.0M
$106.4M
Q4 24
$7.1M
$104.4M
Q3 24
$13.1M
$88.8M
Q2 24
$10.4M
$69.0M
Q1 24
$5.7M
$48.5M
Total Debt
FTHM
FTHM
MDXG
MDXG
Q4 25
$5.6M
$18.0M
Q3 25
$5.1M
Q2 25
$5.1M
Q1 25
$5.1M
Q4 24
$9.5M
$19.0M
Q3 24
$8.8M
Q2 24
$3.6M
Q1 24
$3.7M
Stockholders' Equity
FTHM
FTHM
MDXG
MDXG
Q4 25
$37.4M
$256.5M
Q3 25
$43.4M
$238.9M
Q2 25
$40.7M
$216.6M
Q1 25
$43.4M
$202.8M
Q4 24
$44.7M
$193.1M
Q3 24
$47.1M
$181.0M
Q2 24
$53.1M
$168.0M
Q1 24
$51.9M
$155.7M
Total Assets
FTHM
FTHM
MDXG
MDXG
Q4 25
$78.0M
$342.7M
Q3 25
$83.2M
$319.0M
Q2 25
$80.4M
$291.1M
Q1 25
$81.0M
$270.4M
Q4 24
$75.4M
$263.9M
Q3 24
$80.9M
$243.9M
Q2 24
$80.2M
$230.2M
Q1 24
$78.2M
$221.7M
Debt / Equity
FTHM
FTHM
MDXG
MDXG
Q4 25
0.15×
0.07×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.12×
Q4 24
0.21×
0.10×
Q3 24
0.19×
Q2 24
0.07×
Q1 24
0.07×

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
MDXG
MDXG
Operating Cash FlowLast quarter
$-20.5M
$25.0M
Free Cash FlowOCF − Capex
$-20.7M
FCF MarginFCF / Revenue
-22.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$-29.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTHM
FTHM
MDXG
MDXG
Q4 25
$-20.5M
$25.0M
Q3 25
$3.0M
$29.3M
Q2 25
$-5.9M
$14.4M
Q1 25
$-5.7M
$5.3M
Q4 24
$-4.7M
$18.8M
Q3 24
$-330.0K
$19.6M
Q2 24
$-3.1M
$21.8M
Q1 24
$-947.0K
$6.0M
Free Cash Flow
FTHM
FTHM
MDXG
MDXG
Q4 25
$-20.7M
Q3 25
$3.0M
Q2 25
$-6.0M
Q1 25
$-5.8M
Q4 24
$-4.7M
Q3 24
$-364.0K
Q2 24
$-3.1M
Q1 24
$-948.0K
FCF Margin
FTHM
FTHM
MDXG
MDXG
Q4 25
-22.8%
Q3 25
2.6%
Q2 25
-4.9%
Q1 25
-6.2%
Q4 24
-5.2%
Q3 24
-0.4%
Q2 24
-3.5%
Q1 24
-1.3%
Capex Intensity
FTHM
FTHM
MDXG
MDXG
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
FTHM
FTHM
MDXG
MDXG
Q4 25
1.64×
Q3 25
1.75×
Q2 25
1.50×
Q1 25
0.75×
Q4 24
2.53×
Q3 24
2.42×
Q2 24
1.24×
Q1 24
0.65×

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%

MDXG
MDXG

Wound$78.7M67%
Surgical$39.4M33%

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