The company has achieved aggressive revenue scaling, yet operating margins have compressed to a razor-thin 0.36% as administrative overhead absorbs nearly all gross profit.
| Sales/Revenue | 20.19M | 20.99M | 7.62M | 1.37M | 625.16K |
| Revenue Growth % | 65.77% | 175.69% | 455.92% | 119.12% | - |
| Cost of Goods Sold | 19.5M | 20.22M | 6.14M | 1.12M | 350K |
| COGS % of Revenue | - | 96.32% | 80.69% | 81.6% | 55.99% |
| Gross Profit | 697.13K | 773.02K | 1.47M | 252.09K | 275.16K |
| Gross Margin % | 3.45% | 3.68% | 19.31% | 18.4% | 44.01% |
| Gross Profit Growth % | - | -47.43% | 483.29% | -8.38% | - |
| Operating Expenses | 958.82K | 696.59K | 380.96K | 93.24K | 14.26K |
| OpEx % of Revenue | - | 3.32% | 5% | 6.81% | 2.28% |
| Selling, General & Admin | 958.82K | 696.59K | 380.96K | 82.41K | 14.26K |
| SG&A % of Revenue | - | 3.32% | 5% | 6.02% | 2.28% |
| Research & Development | 0 | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - |
| Operating Income | -261.69K | 76.43K | 1.09M | 158.85K | 260.9K |
| Operating Margin % | -1.3% | 0.36% | 14.31% | 11.6% | 41.73% |
| Operating Income Growth % | - | -92.98% | 585.83% | -39.12% | - |
| EBITDA | -172.18K | 123.43K | 1.11M | 164.89K | 260.92K |
| EBITDA Margin % | -0.85% | 0.59% | 14.55% | 12.04% | 41.74% |
| EBITDA Growth % | -114.86% | -88.86% | 572.07% | -36.8% | - |
| D&A (Non-Cash Add-back) | 89.51K | 47K | 18.76K | 6.04K | 16 |
| EBIT | -147.58K | 131.1K | 1.09M | 154.09K | 261.03K |
| Net Interest Income | 20.01K | 15.1K | -3.57K | -967 | 0 |
| Interest Income | 24.77K | 20K | 0 | 0 | 0 |
| Interest Expense | 0 | - | - | - | - |
| Other Income/Expense | 0 | - | - | - | - |
| Pretax Income | -152.34K | 126.21K | 1.09M | 153.12K | 261.03K |
| Pretax Margin % | -0.75% | 0.6% | 14.28% | 11.18% | 41.75% |
| Income Tax | -11.91K | 51.33K | 309.35K | 1.93K | 4.38K |
| Effective Tax Rate % | 7.82% | 40.67% | 28.44% | 1.26% | 1.68% |
| Net Income | -140.43K | 74.87K | 778.24K | 151.19K | 256.65K |
| Net Margin % | -0.7% | 0.36% | 10.22% | 11.04% | 41.05% |
| Net Income Growth % | -117.15% | -90.38% | 414.73% | -41.09% | - |
| Net Income (Continuing) | -140.43K | 74.87K | 778.24K | 151.19K | 256.65K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | 0.00 | 0.05 | 0.01 | 0.02 |
| EPS Growth % | -118% | -90.2% | - | -41.25% | - |
| EPS (Basic) | - | 0.00 | 0.05 | 0.01 | 0.02 |
| Diluted Shares Outstanding | 16.23M | 15.22M | 14.36M | 16M | 16M |
| Basic Shares Outstanding | 16.23M | 15.22M | 14.36M | 16M | 16M |
| Dividend Payout Ratio | - | - | - | 13.99% | 1.51% |
Margin compression and scalability
According to recent financial disclosures, LHAI has achieved a significant 175.69% year-over-year revenue growth, suggesting an aggressive expansion of its iBuying and property transaction volume that appears to prioritize market share acquisition over consistent, predictable top-line performance across the observed ten-quarter reporting period.
The rapid revenue acceleration indicates that the company is successfully scaling its transaction volume, likely through its instant cash offer program. However, the inconsistency in quarterly revenue figures suggests that this growth remains highly sensitive to housing market velocity and may not yet represent a sustainable, recurring revenue base.
As reported in financial statements, LHAI's gross margin has compressed to a razor-thin 3.68%, reflecting the inherent difficulty in maintaining profitability within a high-volume, capital-intensive real estate services model that is highly susceptible to fluctuations in property acquisition costs and renovation labor expenses.
The sharp decline from historical gross margins exceeding 20% suggests that the company's current operational strategy may be sacrificing pricing power to drive transaction volume. This narrow margin profile leaves virtually no room for error, as even minor increases in renovation costs or property price volatility could quickly push the company into a net loss position.
Based on the company's reported figures, operating income has struggled to scale alongside revenue, with the operating margin hovering near 0.36%, which indicates that the firm's fixed administrative and technology overhead is currently absorbing nearly all of the gross profit generated from its property flipping activities.
The inability to demonstrate meaningful operating leverage suggests that the company's current cost structure is not yet optimized for its increased scale. Investors should monitor whether future investments in the AI platform can eventually drive efficiency gains or if the business model will remain permanently burdened by high variable costs.
Analysis of the income statement suggests that the company's rapid growth may be masking underlying operational fragility, as the shift toward lower-margin property transactions warrants further investigation into whether the current business model can achieve long-term profitability without significant changes to its core service offerings.
Short-term revenue gains appear to be driven by capital-intensive property acquisitions rather than high-margin service fees, which may increase the company's risk exposure during housing market downturns. The reliance on thin spreads suggests that the company's valuation may be overly optimistic if it fails to transition toward more scalable, recurring revenue streams.
Quick answers to the most common questions about buying LHAI stock.
For fiscal year 2025, Linkhome Holdings Inc. (LHAI) reported total revenue of $21.0M. This represents a 3258.3% increase compared to $0.6M in 2022.
Linkhome Holdings Inc. (LHAI) is profitable, generating $0.1M in net income for the fiscal year ending 2025 with a net profit margin of 0.4%.
Linkhome Holdings Inc. (LHAI) reported an operating income of $0.1M, resulting in an operating profit margin of 0.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Linkhome Holdings Inc. (LHAI) generated $0.8M in gross profit for the year, representing a gross profit margin of 3.7%. This demonstrates the company's core pricing power and production efficiency.