LHAINasdaqReal Estate Agents & Managers (For Others)US GAAP · USD

Linkhome Holdings Inc.

Linkhome Holdings Inc. is a Nevada-based holding company that operates primarily through its California subsidiary, Linkhome Realty Group. The business provides real estate agency, property management, home renovation, and mortgage referral services, using AI-enabled workflows to streamline property search and transactions. It is currently focused on Southern California and intends to expand into a broader multi-state marketing network.

Revenue21.0m USD
+175.7 %y/y
Operating profit (EBIT)0.1m USD
−93.0 %y/y
EBIT margin0.4%
−13.9 ppy/y
Net income0.1m USD
−90.4 %y/y

Fiscal year 2025 · change from previous year

Development 2023–2025

0510152025m USD2023: 1.4 m USD2023: EBIT 0.16 m USD20232024: 7.6 m USD2024: EBIT 1.1 m USD20242025: 21 m USD2025: EBIT 0.08 m USD2025210.08
RevenueOperating profit (EBIT)

Business

Share of revenue
Real estate brokerage and transaction services45 %

Assistance to buyers and sellers in finding, negotiating, and completing property transactions.

Property management15 %

Ongoing management services for property owners and investors.

Home renovation services25 %

Bathroom, kitchen, custom renovation, and extension projects delivered on a gross basis.

Mortgage referral services10 %

Referral-based support connecting clients with lenders and mortgage brokers.

AI-enabled real estate support5 %

Technology-assisted search and workflow tools that improve service efficiency and client experience.

Products

Reported · share of revenue
96.0%FY2025100 %
  • Revenue From Property Purchases and Sales Through Cash Offer96.0 %
  • Real Estates Agency Commission3.1 %
  • Home Renovation Service0.4 %
  • Mortgage Referral Fee0.3 %
  • Property Management Service0.2 %

Source: 10-K/A FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Linkhome serves homebuyers, home sellers, and property owners who want a single provider for transaction support, management, and renovation. It also works with clients seeking mortgage financing and with owners preparing homes for sale or personal use. The company’s current market focus is Southern California, with an ambition to broaden its reach across multiple states.

Homebuyers

Buyers use the company for property search, transaction support, and mortgage referral help to simplify the purchase process.

Home sellers

Sellers buy brokerage and renovation services to improve sale readiness and complete transactions efficiently.

Property owners and landlords

Owners use property management and renovation services to maintain assets and improve rental or resale value.

Financing-seeking clients

Clients seeking loans or mortgage approval use the referral channel to access lending partners.

Strategy

Linkhome’s strategy is to position itself as a one-stop real estate platform combining brokerage, property management, renovation, and financing referrals. It is using AI to streamline search and transaction workflows, improve service efficiency, and differentiate against a crowded local market. Management also wants to widen its footprint beyond Southern California over time.

Expand the service bundleMedium term

A broader offering increases customer retention and cross-sell opportunities across the real estate lifecycle.

Deploy AI and process automationShort term

Technology can reduce transaction friction and improve responsiveness in a highly competitive market.

Expand beyond Southern CaliforniaLong term

Geographic diversification could reduce reliance on one local market and broaden the addressable customer base.

Geography

The company is headquartered in Nevada, but substantially all operations run through Linkhome Realty Group in Irvine, California. Its current commercial focus is Southern California, while management has stated an intention to build a nationwide marketing network across multiple states. Geography matters because the business is tied to local housing demand, interest rates, and regional competition.

Risks

Linkhome is exposed to intense competition, local housing-market cyclicality, and interest-rate sensitivity because demand for real estate services depends on consumer confidence and affordability. Its renovation and mortgage referral activities also add execution and counterparty risk, while the company’s small scale and early-stage structure increase dependence on key individuals and related-party relationships. As a recent public company and emerging growth company, it also faces reporting and compliance complexity.

Sorted by severity
Competitive pressure in local real estate servicesHigh

Numerous agencies compete for the same buyers, sellers, and property owners, making differentiation and customer service critical.

Exposure: Southern California operations

Interest-rate and housing-cycle sensitivityHigh

Higher rates and weaker macro conditions can reduce affordability, transaction volume, and renovation demand.

Exposure: Residential real estate demand

Renovation execution and fulfillment riskMedium

The company acts as principal and bears responsibility for contractor selection, pricing, and service completion.

Exposure: Home renovation services

Key-person and related-party dependenceMedium

The business is closely tied to its chairman/CEO and other related parties, increasing governance and continuity risk.

Exposure: Management and operations

Accounting

Judgemental items
Revenue recognition by service type

Different recognition triggers across brokerage, renovation, and referral services can shift revenue between periods.

Impact: Affects quarterly revenue timing and gross margin presentation

Principal versus agent assessment

The company recognizes renovation revenue on a gross basis because it concludes it controls the service before transfer.

Impact: Impacts reported revenue and cost of revenue

Use of estimates

Management must estimate amounts in U.S. GAAP financial statements, which can affect reported results.

Impact: Can influence asset, liability, and expense balances

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026