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Side-by-side financial comparison of Fathom Holdings Inc. (FTHM) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
Fathom Holdings Inc. is the larger business by last-quarter revenue ($90.6M vs $57.7M, roughly 1.6× Third Coast Bancshares, Inc.). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs -7.4%, a 35.8% gap on every dollar of revenue. Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% 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.
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
FTHM vs TCBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $90.6M | $57.7M |
| Net Profit | $-6.7M | $16.4M |
| Gross Margin | — | — |
| Operating Margin | -5.2% | — |
| Net Margin | -7.4% | 28.4% |
| Revenue YoY | -1.2% | — |
| Net Profit YoY | -7.7% | 20.5% |
| EPS (diluted) | $-0.20 | $0.88 |
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.
| Q1 26 | — | $57.7M | ||
| Q4 25 | $90.6M | $56.5M | ||
| Q3 25 | $115.3M | $54.5M | ||
| Q2 25 | $121.4M | $52.0M | ||
| Q1 25 | $93.1M | $45.9M | ||
| Q4 24 | $91.7M | $46.3M | ||
| Q3 24 | $83.7M | $42.9M | ||
| Q2 24 | $89.2M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | $-6.7M | $17.9M | ||
| Q3 25 | $-4.4M | $18.1M | ||
| Q2 25 | $-3.6M | $16.7M | ||
| Q1 25 | $-5.6M | $13.6M | ||
| Q4 24 | $-6.2M | $13.7M | ||
| Q3 24 | $-8.1M | $12.8M | ||
| Q2 24 | $-1.3M | $10.8M |
| Q1 26 | — | — | ||
| Q4 25 | -5.2% | 38.1% | ||
| Q3 25 | -3.5% | 41.9% | ||
| Q2 25 | -2.0% | 40.5% | ||
| Q1 25 | -4.8% | 37.8% | ||
| Q4 24 | -7.0% | 38.7% | ||
| Q3 24 | -9.3% | 37.9% | ||
| Q2 24 | -4.1% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | -7.4% | 31.7% | ||
| Q3 25 | -3.8% | 33.1% | ||
| Q2 25 | -3.0% | 32.2% | ||
| Q1 25 | -6.1% | 29.6% | ||
| Q4 24 | -6.8% | 29.7% | ||
| Q3 24 | -9.7% | 29.8% | ||
| Q2 24 | -1.5% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $-0.20 | $1.02 | ||
| Q3 25 | $-0.15 | $1.03 | ||
| Q2 25 | $-0.13 | $0.96 | ||
| Q1 25 | $-0.24 | $0.78 | ||
| Q4 24 | $-0.29 | $0.80 | ||
| Q3 24 | $-0.40 | $0.74 | ||
| Q2 24 | $-0.07 | $0.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.8M | — |
| Total DebtLower is stronger | $5.6M | — |
| Stockholders' EquityBook value | $37.4M | $650.5M |
| Total Assets | $78.0M | $6.6B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | $175.2M | ||
| Q3 25 | $9.8M | $116.4M | ||
| Q2 25 | $4.9M | $113.1M | ||
| Q1 25 | $8.0M | $219.0M | ||
| Q4 24 | $7.1M | $371.2M | ||
| Q3 24 | $13.1M | $258.2M | ||
| Q2 24 | $10.4M | $241.8M |
| Q1 26 | — | — | ||
| Q4 25 | $5.6M | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $9.5M | — | ||
| Q3 24 | $8.8M | — | ||
| Q2 24 | $3.6M | — |
| Q1 26 | — | $650.5M | ||
| Q4 25 | $37.4M | $531.0M | ||
| Q3 25 | $43.4M | $513.8M | ||
| Q2 25 | $40.7M | $496.1M | ||
| Q1 25 | $43.4M | $479.8M | ||
| Q4 24 | $44.7M | $460.7M | ||
| Q3 24 | $47.1M | $450.5M | ||
| Q2 24 | $53.1M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $78.0M | $5.3B | ||
| Q3 25 | $83.2M | $5.1B | ||
| Q2 25 | $80.4M | $4.9B | ||
| Q1 25 | $81.0M | $4.9B | ||
| Q4 24 | $75.4M | $4.9B | ||
| Q3 24 | $80.9M | $4.6B | ||
| Q2 24 | $80.2M | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-20.5M | — |
| Free Cash FlowOCF − Capex | $-20.7M | — |
| FCF MarginFCF / Revenue | -22.8% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-20.5M | $50.8M | ||
| Q3 25 | $3.0M | $20.7M | ||
| Q2 25 | $-5.9M | $13.9M | ||
| Q1 25 | $-5.7M | $10.5M | ||
| Q4 24 | $-4.7M | $35.1M | ||
| Q3 24 | $-330.0K | $22.0M | ||
| Q2 24 | $-3.1M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-20.7M | — | ||
| Q3 25 | $3.0M | — | ||
| Q2 25 | $-6.0M | — | ||
| Q1 25 | $-5.8M | — | ||
| Q4 24 | $-4.7M | $33.4M | ||
| Q3 24 | $-364.0K | — | ||
| Q2 24 | $-3.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | -22.8% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | -4.9% | — | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | -5.2% | 72.1% | ||
| Q3 24 | -0.4% | — | ||
| Q2 24 | -3.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.1% | 3.8% | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.84× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
