know and who've you Roger. to value call. of several last X who's been to who've -- course, on you, the everyone recently Thank months. you today's of thank And come see I over
and and in our and, We're entire that our support happy your faith of appreciate your of Marco Now us. part I course, Fathom family. team really you're
that service others continued and Before our how not and their work in and I Fathom to to serving our just made we family also Fathom of want agents our creating want the significant for while vision, also is all employees to to the I dedication cannot our stakeholders. thank on their it's us important say to call, hard our first. for our helping that and role value played adding express but review to last specifically, progress grow placing to since thanks a culture begin in unwavering I more built overall success.
that that Fathom love that the estate stayed a role to residential but One any turnover in significant why joined of among the they for I the commission, hear they agents especially have brokerage. to love the things real lowest our rates That one say of hear agent and culture. for plays we fact
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of our Marco like to to let direction. financial minutes a first, road we map a believe But few highlights, our recent results I'd soon. provide good our take I'll review discuss which
steal but little help bit can't I'm because thunder of I results. just a Marco's proud our First, of
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all in can shutting that's I proudly soon. revenue increase of of share for the solid residential with a being is that came and everything going all in traded of We love course, public. X XX% to couple with virtually full year. from Marco months. you with which, only that's measurements COVID registered revenues saw, highest we for gains months were As estate the brokerages, the almost I and XX% And second performance grew down real with say -- quarter publicly that up of
to last Now point made. that I I want reiterate that
day company first as Our traded July a XX, publicly XXXX. was
more and -- So for of you a why disrupting newly why our I'd use. But of had help I'm to takes those just different really story, new you few we're see of X know public. our And sure are to it who to we spend only minutes getting other to months is capital brokerages. Many put different as being industry. of raised estate than like you to the to real know, you than time Fathom, are course, Fathom
So others, full-service Fathom residential like real estate is brokerage. a
I platform powered really is our which a think However, key, is the this by leverage cloud-based an we model, service innovative technology called as IntelliAgent. proprietary
providing and could traditional allows the agents they and Fathom all our our expand business functions Our does of our without the automate costs to significantly and get aid company. the excessive us agents, reduce accompanies to our only us while virtually from personnel that otherwise scale to streamline operations, tech also with major Not growth. spending it allows platform usually requirements and technology allows a brick-and-mortar operate
more of agents, them help reinvest business. result, putting to other a money to agent's grow charge brokerages able pockets fraction a and what charge in in we're their their As
new believe productive including profitability our than this fees competitors helping efficiency. operational We're monthly to technology path to more while IntelliAgent excited gives reduce charging agents about us especially and large many improve adding commission our more robust advantages faster and we further become a and of splits. the costs So more are creates, who attracting them also that
last that that increasing improvements -- about reiterate because point productivity to technology. want I really our in Now it's previous through agent
and sell. giving are that actually transaction time Fathom more process, agents to buyers we agents. are In in stop spending sellers providing amount even is focus manage want estate don't hard-earned our which with We just accomplish by to agents front leads help productive for leads the increase transaction, as portals will not money more current who large tools actually adding be real hanging more as to of can for them more also time the agents, also our we but and and allow who attract agents, generate brokerage intend their well developing licenses. to further agents in revenue in get reduce another time, Our turn, of looking network per agent just required more more We and to our their competition. believe these help
we fee commission structure small the large a agents. agents Now flat one to offer a of the our percentage unique competition split is that our things about their Fathom charges fact versus that
In fact, most agents that's in on. focus what
make And imagine, to or to more us attractive as -- the money Our can more money to make highly model grow rather reinvest you agents. those and their efforts agents marketing allows allows this their sales. dollars us to into makes
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right? our agent quarter, fourth to making we're our breakeven That's the on tremendous than each acquire what $XXX, on able less agent that during a cost one make. was first make just Now we claim to sale, their
real from on to estate out lifetime side generated of revenue. us. take the the of lifetime $XX,XXX of just doesn't potential our per into more. over And mortgage agent and is revenue future I and And the insurance that's also agent -- acquisition our business. cost ratio cost want value value that's revenue improve get the the revenue as to even we an potential point that we is that account to XXx, really further or to of to It bigger, title agent from expect over
near the however, we've LTV think as actually recognize work. to I number some resources help XXx devote growth. expect at our to this may do CAC, But we increase So again, got investments to term, we I that room and additional drive in
to to of that Glassdoor it hear but more the And feedback. too they mentioned joined don't out even Fathom does make for I as often our stay earlier, culture. Now rating, I while commission, this we validate want say much earn or they
Our at real top very the all brokerages. large of of rating Glassdoor estate residential us high X.X puts incredibly
service. is just want attrition this is Although also proud the best the happy, light of representation industry we per in indicator. true agents a are I'm the example if that rate lowest have agent you one one of culture at X.X% our nice, of month. that rates but shines a in our Glassdoor is whether just attrition agent
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I Now as for you on can love I'm company. this Fathom, and tell, fire
from So of But a the recent on I touch highlights few can interest more operating and just on. I'll time, go on for key months.
we're markets, XX to is the to thanks priority virtual in us new leader. able efficiently and actually for finding markets XXX right We platform, launch for and cost. a are very now our states entering quickly, technology when and top The low market model
right a a small seen this, the outgrow leader. I you've market all matters. think in large And found market leader weak we that can leadership with a
huge focus a that's So us. for
named happy culture, experienced of Ravila development, leaders, awesome marketing she's to business Board strong an in with we an person. very impressive executive development, Gupta track of was this leadership were and is month record earlier announce that our to strategic Ravila Directors. just planning, plus Speaking
have the further grown X,XXX of that, really this old. even is data at I are number additional And as XXX to So total during fourth a us point imagine, found earlier, giving year-end. her. we we quarter, can given an you agents, X A nearly almost months agents netted as mentioned fortunate has
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So with. we it's if into all with our yours. interests I aligned are rest know something But assured significant can can be growth, that happy we turn completely dilution believe that minimal then
Now also a quarter had the year, a we been close we year. of great we've also the since very busy -- and but great
to in the is be business proven -- North agents said, the Verus entering and Verus titling was title advantage. we're largest The Verus' you in getting company license license strategic, our Texas, well already Title. we're our would is to Verus like right Fathom team the is competitive performing -- So -- we which, in as it's insurance the service existing is Adding markets. markets proven know, acquisition fantastic, Carolina-based course, process already integrating a the title a of in market. rather of of to as and be many move. we of them with for have And our or giving various highly
is that had our has iBuyers, one agents of We lead partnered already positive which agents marketing on compete in impact Right? or another, the stay. with advantage trying versus many enabling heard share take and of we our to with iBuyers them. form generation. And zavvie, full here to that We've to believe our it are
And and do lastly, that that. exciting want to additional from relationship, I mention profit not doing we're just why transactions. X So
generating to them offering full but business. uncommon what agents Naberly of third-party on providers reliance to Solutions to to significantly eliminate national we fantastic offering Fathom's our eliminate in pay leads IntelliAgent to very agents tech for asset Long robust acquired subsidiary but really markets actually home the we while home more a help and First, Naberly plan with reduce our a Not through yet. platform technology leads for as well our least our agents the website -- really that's start to find in be cost search reasonable able we're their to really effectively non-Fathom to and term, build rather only to a Naberly. a we prior revenue, a and or some found great grow it portals. allowed a agents lead compete, price to benefit in will who's sell our to And national out company to to to small-scale It's team. help technology generating leverage we'll at search not built large the generating tech greatly, us tech
the fact it Plus that's control potential is greater the power use further the and and acquisition is to to acquisition, agent data buyer before offering. clients us holy potential the we most home it rather, spend reliant the on But factor on our made for insurance key while to seller being refer Another cycle realtors now to before and for in can huge still as introduction. grail mortgage, -- marketing attracting how full clients our gain companies these the gives life to of and even under begin understanding of title that over. this the improve an long they're them and contract has budgets identify
It around Estate, number of Barn and of already second, to and with completed mortgage from certainly growth What term. important Red Red Atlanta-based Barn culture. strategy Real great agents really in to is long rates, hurt our which was than they mentioned agents leadership that amazing the the have attach the their over as XXX impresses a And title brokerage, didn't a Fathom earlier, more that I around doubling growing we agents. acquisition market XXX
Now acquisitions in services to continue play we add will mortgage Fathom's so plan and similar to smaller acquire and an continue role Barn instrumental growth acquisition. insurance to to brokerages Red
IPO X-month discussed to got roadshow, our for we X- title that X line months. just during we time in a done services. acquiring So And
pretty X- we'll to acquiring able discussed line be services, confident hit well. and also mortgage feel that a as time to We for XX-month we
the acquisitions a entrust So while want our we overpay, do to want going to we of to acquiring grow, not We -- to play own are you good we've intend continue money to it that been especially growth. organic assure with be do to while strategically with. I and you or so but continue when rather, will stewards role, us effective
All right. make time to for leave want sure questions. plenty we I
Marco, yours. I'll our and turn let the box, over So it's soap me CFO. get call off Marco, my and President all to
