Start here if you're new
what it is
Linkhome uses an AI-assisted real estate platform to help people buy, sell, finance, rent, and renovate homes.
how it gets paid
Fiscal 2025 revenue was about $21M (Form 10-K). real estate brokerage services was still the largest slice at roughly 55% of sales on a comparable mix.
what just happened
A recent quarter (Q3 2025) printed about $5.4M in revenue — still a microcap line — while gross margin stayed thin (low single digits).
At a glance
n/a balance sheet
31.4% return on capital — every dollar works hard here
~$21M fy2025 revenue
14.6% operating margin
~$23M market cap
What they do
Linkhome uses an AI-assisted real estate platform to help people buy, sell, finance, rent, and renovate homes.
The best argument here is speed and asset-light execution. Linkhome says its platform facilitated more than $185 million of agent brokerage transactions as of December 31, 2024, versus roughly $21 million of fiscal 2025 revenue. That gap matters because facilitated volume → homes moved through the platform → so what: you can scale transactions faster than payroll if the software keeps doing more of the work.
How they make money
$21M
annual revenue (fiscal 2025)
real estate brokerage services
$11.6M
cash offer services
$4.7M
property rental management
$2.4M
home renovation services
$1.6M
other real estate services
$0.8M
The products that matter
property matching and transactions
AI Real Estate Platform
~$21M fiscal 2025 revenue
fiscal 2025 revenue was about $21M, up sharply from the IPO-year base, and for now it is the whole story.
core business
bridge financing for movers
Buy Before Sell Program
launched mar 4, 2026
this new program matters only if management can show it adds transactions, fee income, or client growth in the next filings.
prove-it catalyst
Key numbers
31.4%
return on capital
Return on capital → profit earned on the money put into the business → so what: for every $1 invested, Linkhome generated about $0.31 in operating return.
14.6%
operating margin
Operating margin → profit after running the business → so what: the company kept about $0.15 from each revenue dollar before interest and taxes.
$0M
long debt
Long-term debt was listed at $0 million, or 1% of capital. Debt → borrowed money due later → so what: the balance sheet is not the main thing that can break this story.
$185M
platform volume
Facilitated transaction value was many times fiscal revenue of about $21 million. Volume versus revenue is the whole puzzle here.
Financial health
n/a
strength
- balance sheet grade n/a
- long-term debt $0M (1% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for LHAI right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Recent quarter revenue was about $5.4 million (Q3 2025), still tiny versus the $185M+ transaction story, and gross margin stayed very thin.
The top line is growing off a small base, but margin is the quiet part: low single-digit gross margin means scale has not yet converted into healthy unit economics.
$5.4M
revenue
$0.01
eps
low
gross margin
the number that mattered
Thin gross margin is the number to watch because revenue growth off a micro base means little if almost all of each dollar goes to direct costs.
source: company earnings report, 2026
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What could go wrong
the top risk is proving a Southern California brokerage and financing model can scale before investors lose patience.
med
the core business still has no moat
You are up against larger real-estate platforms and brokers with more traffic, more brand awareness, and more capital. Linkhome has about $21M in fiscal revenue and a very thin net margin. That is not much insulation.
If customer acquisition slows, essentially all of that revenue base is exposed because there is no second large segment to absorb the hit.
med
the stock already lost the market's trust
The shares fell from $22 to $1.26, and the prior snapshot data showed about $136K of institutional selling over two years. On a $23M company, that is a meaningful signal, not trivia.
A weak tape makes future capital raising harder and pushes management into operating under a public spotlight with very little forgiveness.
med
the July 24, 2026 lock-up matters
The lock-up extension for principal shareholders ends July 24, 2026 and affects 8.07 million shares. That is a real supply event for a stock this small.
Potential selling pressure tied to roughly 35% of the float can overwhelm fundamentals in the short run, even if the business itself does not change.
The combined risk picture is simple: ~$21M of revenue has to keep growing while the stock sits near $1, margins stay thin, and 8.07 million locked-up shares come back into play on July 24, 2026.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
q4 2025 earnings report
The next estimated earnings date is Friday, March 27, 2026. You need proof that revenue and margins are holding, not just another press release.
risk
lock-up expiration on July 24, 2026
8.07 million shares come back into focus that day. For a microcap, supply matters as much as story.
metric
whether revenue data gets cleaner
Filings show the business scaling from a small IPO-year base to roughly $21M in fiscal 2025 revenue — make sure you are reading the same fiscal period in each headline.
trend
buy before sell adoption
The program launched March 4, 2026. The next useful disclosure is not the launch itself. It is whether transactions, clients, or fees move.
Analyst rankings
coverage
thin
in human-speak, there is not enough sell-side coverage here to outsource your thinking.
source: institutional data
Institutional activity
institutional ownership data for LHAI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$1
current price
n/a
target midpoint · n/a from current
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