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LHAI

Linkhome Holdings Inc.

LHAI

Linkhome Holdings Inc. • NASDAQ
$12.51 ▲ 0.64% (+0.08)
Market Cap $202.73 M
52w High $22.33
52w Low $4.20
Dividend Yield 0%
P/E 417
Volume 29.68K
Outstanding Shares 16.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.408M ▲ $196.673K ▲ $-305 ▼ -0.006% ▼ $0 ▼ $20.18K ▼
Q2-2025 $4.8M ▼ $96.268K ▼ $14.418K ▼ 0.3% ▼ $0.001 ▼ $26.279K ▼
Q1-2025 $5.709M ▲ $138.095K ▲ $80.629K ▼ 1.412% ▼ $0.005 ▼ $117.394K ▼
Q4-2024 $2.194M ▲ $37.598K ▼ $402.947K ▲ 18.37% ▲ $0.028 ▲ $549.901K ▲
Q3-2024 $2.058M $102.761K $284.109K 13.806% $0.02 $407.331K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.662M ▲ $8.624M ▲ $1.421M ▲ $7.203M ▲
Q2-2025 $2.557M ▲ $3.55M ▲ $1.006M ▲ $2.545M ▲
Q1-2025 $584.143K ▼ $3.43M ▲ $899.64K ▼ $2.53M ▲
Q4-2024 $1.671M ▲ $3.43M ▲ $979.828K ▲ $2.45M ▲
Q3-2024 $718.138K $2.931M $883.797K $2.047M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-305 ▼ $-3.108M ▼ $-305.075K ▼ $4.518M ▲ $1.105M ▼ $-3.108M ▼
Q2-2025 $14.418K ▼ $1.702M ▲ $133.349K ▲ $137.338K ▲ $1.973M ▲ $1.702M ▲
Q1-2025 $80.629K ▼ $-893.832K ▼ $-136K ▼ $-56.974K ▼ $-1.087M ▼ $-893.832K ▼
Q4-2024 $402.947K ▲ $1.001M ▲ $-1.05K ▼ $-46.946K ▼ $952.811K ▲ $999.757K ▲
Q3-2024 $284.109K $-993.652K $0 $51.084K $-942.568K $-993.652K

Five-Year Company Overview

Income Statement

Income Statement Linkhome’s income statement still looks like that of a very young company. Reported revenue is tiny, and past years relied heavily on transactions with insiders rather than a broad base of outside customers. The main money-making engine is the iBuyer “Cash Offer” model, which tends to produce thin profit margins and can swing quickly with housing prices and local market conditions. While reported earnings per share may look positive on paper, the underlying business economics are not yet clearly proven at scale, and results can change fast as volumes, pricing, and housing conditions move around.

Balance Sheet

Balance Sheet The balance sheet information available here is extremely limited and likely not fully reflective of the current reality, but the broader picture is that Linkhome operates a business model that needs a lot of capital to buy and hold homes. The company only raised a modest amount in its SPAC listing, which suggests it does not have a large financial cushion relative to the demands of an iBuyer strategy. That makes balance sheet strength and access to future funding very important. In this context, any build‑up of home inventory, leverage, or large swings in housing prices can have an outsized impact on financial stability.

Cash Flow

Cash Flow Cash flow is the critical pressure point for this kind of business. Buying homes for cash, renovating them, and then reselling creates lumpy and sometimes unpredictable cash movements. With a small capital base, Linkhome does not have much room for error if homes take longer to sell or must be discounted. Without detailed cash flow figures, it is hard to judge the current burn rate, but the risk profile is clear: the company must carefully manage how much cash it ties up in inventory versus how quickly those homes are turned back into cash at a profit. Investors would need to watch operating cash flow trends and any reliance on outside financing very closely over time.

Competitive Edge

Competitive Edge Competitively, Linkhome is entering a tough arena. It is going up against well‑known technology‑enabled real estate players that already offer automated valuations, instant offers, and rich data tools. The “HomeGPT” branding helps differentiate the story, but the underlying capabilities do not yet appear meaningfully ahead of what larger rivals provide. The company’s advantage today is more about positioning and product bundling than about a clear, defensible moat. On top of that, past revenue concentration from a single insider, plus the “controlled company” governance structure, raise questions about how independent and scalable the current business really is. Overall, the competitive edge looks early and fragile rather than entrenched.

Innovation and R&D

Innovation and R&D Innovation is where Linkhome is most ambitious. The HomeGPT platform, AI‑driven pricing, automated contracts, and the partnership to build 3D visualization and virtual staging tools all point toward a tech‑heavy approach to real estate. The ability to transact in cryptocurrencies adds a distinctive twist that could appeal to a niche, globally minded customer base. The roadmap—adding more services like insurance and escrow, plus expanding to more cities—shows a vision of a one‑stop, fully digital real estate platform. The open question is execution: can the company turn these ideas into features that are clearly better, easier, and more trusted than what incumbents already offer, and can it do so without burning too much cash along the way?

Summary

Linkhome is a very early‑stage, AI‑branded real estate platform with big ambitions and a high‑risk profile. Financially, it is small, thin‑margin, and capital‑hungry, with limited public detail on its balance sheet and cash flows and a history of relying heavily on insider‑driven business. Strategically, it is trying to stand out with AI tools, crypto‑enabled real estate purchases, and immersive visualization technology, but it operates in a crowded field with strong, better‑funded competitors. The company’s future will depend on three things: proving its technology actually improves economics, showing that revenue can grow beyond related‑party deals, and managing cash and inventory prudently in a volatile housing market. Until those points are clearer, Linkhome looks more like an unproven experiment with upside potential than a mature, de‑risked real estate platform.

NEWS

October 29, 2025 · 8:00 AM UTC

Linkhome Holdings Inc. Announces Strategic Partnership with Beike Realsee to Advance AI-Driven 3D Real Estate Visualization

Read more