Linkhome (LHAI)
Market Price (3/15/2026): $1.39 | Market Cap: $21.9 MilSector: Real Estate | Industry: Real Estate Services
Linkhome (LHAI)
Market Price (3/15/2026): $1.39Market Cap: $21.9 MilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15% | Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -145% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 173% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.2% | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -88% | High stock price volatilityVol 12M is 186% | |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech. Themes include Real Estate Data Analytics, and Digital Real Estate Platforms. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 173% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -88% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech. Themes include Real Estate Data Analytics, and Digital Real Estate Platforms. |
| Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -145% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.2% |
| High stock price volatilityVol 12M is 186% |
Qualitative Assessment
AI Analysis | Feedback
Linkhome (LHAI) stock has lost about 90% since 11/30/2025 because of the following key factors:
1. Significant Deterioration in Financial Performance.
Linkhome experienced a notable decline in its financial results, with Q3 2025 earnings reported on November 13, 2025, showing a loss of -$305.0, marking a 102.1% decrease from the prior quarter. The net income for the latest reported quarter also stood at -$305.00. This lack of profitability likely contributed significantly to the stock's sharp decline from its 52-week high of $22.33 to $1.28 by March 2, 2026.
2. Negative Market Reaction to Lock-Up Extension.
On January 21, 2026, Linkhome announced that principal shareholders agreed to extend their lock-up restrictions until July 24, 2026, affecting approximately 8.07 million shares. Despite the company framing this as a sign of continued confidence, the market reacted negatively, with the stock declining 7.66% on the day of the announcement. This event likely fueled investor apprehension regarding potential future share dilution or a lack of immediate catalysts from insiders.
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1. Significant Deterioration in Financial Performance.
Linkhome experienced a notable decline in its financial results, with Q3 2025 earnings reported on November 13, 2025, showing a loss of -$305.0, marking a 102.1% decrease from the prior quarter. The net income for the latest reported quarter also stood at -$305.00. This lack of profitability likely contributed significantly to the stock's sharp decline from its 52-week high of $22.33 to $1.28 by March 2, 2026.
2. Negative Market Reaction to Lock-Up Extension.
On January 21, 2026, Linkhome announced that principal shareholders agreed to extend their lock-up restrictions until July 24, 2026, affecting approximately 8.07 million shares. Despite the company framing this as a sign of continued confidence, the market reacted negatively, with the stock declining 7.66% on the day of the announcement. This event likely fueled investor apprehension regarding potential future share dilution or a lack of immediate catalysts from insiders.
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Stock Movement Drivers
Fundamental Drivers
The -88.9% change in LHAI stock from 11/30/2025 to 3/14/2026 was primarily driven by a -88.9% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.51 | 1.39 | -88.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18 | 18 | 0.0% |
| Net Income Margin (%) | 2.7% | 2.7% | 0.0% |
| P/E Multiple | 396.7 | 44.1 | -88.9% |
| Shares Outstanding (Mil) | 16 | 16 | 0.0% |
| Cumulative Contribution | -88.9% |
Market Drivers
11/30/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| LHAI | -88.9% | |
| Market (SPY) | -3.1% | 16.7% |
| Sector (XLRE) | 1.4% | 11.9% |
Fundamental Drivers
The -84.5% change in LHAI stock from 8/31/2025 to 3/14/2026 was primarily driven by a -76.2% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.94 | 1.39 | -84.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 18 | 22.7% |
| Net Income Margin (%) | 5.3% | 2.7% | -48.1% |
| P/E Multiple | 185.5 | 44.1 | -76.2% |
| Shares Outstanding (Mil) | 16 | 16 | 2.8% |
| Cumulative Contribution | -84.5% |
Market Drivers
8/31/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| LHAI | -84.5% | |
| Market (SPY) | 3.0% | 14.0% |
| Sector (XLRE) | 0.6% | 8.0% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| LHAI | ||
| Market (SPY) | 12.4% | 14.4% |
| Sector (XLRE) | 0.2% | -2.0% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/14/2026| Return | Correlation | |
|---|---|---|
| LHAI | ||
| Market (SPY) | 73.4% | 14.4% |
| Sector (XLRE) | 21.3% | -2.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LHAI Return | - | - | - | - | 36% | -82% | -75% |
| Peers Return | -47% | -72% | 111% | -6% | 55% | -26% | -66% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| LHAI Win Rate | - | - | - | - | 83% | 33% | |
| Peers Win Rate | 36% | 32% | 52% | 38% | 37% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| LHAI Max Drawdown | - | - | - | - | -13% | -85% | |
| Peers Max Drawdown | -52% | -76% | -7% | -45% | -36% | -31% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: OPEN, Z, ZG, OPAD, COMP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)
How Low Can It Go
LHAI has limited trading history. Below is the Real Estate sector ETF (XLRE) in its place.
| Event | XLRE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -37.9% | -25.4% |
| % Gain to Breakeven | 61.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.3% | -33.9% |
| % Gain to Breakeven | 64.7% | 51.3% |
| Time to Breakeven | 393 days | 148 days |
| 2018 Correction | ||
| % Loss | -13.5% | -19.8% |
| % Gain to Breakeven | 15.7% | 24.7% |
| Time to Breakeven | 43 days | 120 days |
Compare to OPEN, Z, ZG, OPAD, COMP
In The Past
Real Estate Select Sector SPDR Fund (The)'s stock fell -37.9% during the 2022 Inflation Shock from a high on 12/31/2021. A -37.9% loss requires a 61.0% gain to breakeven.
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About Linkhome (LHAI)
Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation. In the future, we plan to expand our offerings to include mortgage services, home insurance and escrow services. Our mission is to redefine the real estate experience to be efficient and affordable for all consumers through artificial intelligence. Our vision is to help everyone own their home and achieve the dream of homeownership. Since the formation of our subsidiary, Linkhome Realty, in 2021 and the commencement of our operational endeavors, our platform has facilitated an aggregate gross total value of more than $150,000,000 of agent brokerage transactions as of June 30, 2024. Our platform, which is presently only active in California, supports a growing network of users looking to list and search for properties online, seeking information on property transactions and other value-added services, through the comprehensive property-related solutions and services available on our platform. Over the past three years, customers have shown their desire for our artificial intelligence, financial innovation and real estate solutions. In 2023, our total transaction volume for the real estate agency amounted to $15,438,435 as compared to $28,243,875 in 2022, and our total transaction volume for the real estate agency amounted to $2,183,832 in the first quarter of 2023 as compared to $12,090,829 in the first quarter of 2024. As of June 15, 2024, our platform, which aggregates listings from the California Regional Multiple Listing Service (the “CRMLS”), boasted more than 34,798 active listings for residential properties available for sale or rent. Users obtain home-buying information from our platform and consult with our AI tool, HomeGPT, for interactive home-buying advice. We have found that our users are more likely to buy and sell properties using the Company and select us for their real estate service needs. More importantly, we believe that we have just scratched the surface in the potential development of artificial intelligence as used in real estate and we believe artificial intelligence will transform the real estate market. Over the coming years, we plan on vigorously developing the artificial intelligence real estate model HomeGPT, increasing our market share, launching our platform in dozens of cities, and expanding our products and services in order to leverage artificial intelligence so that it becomes a one-stop shop for buyers and sellers of residential real estate. Our goal is to build the largest, most trusted platform for residential real estate and empower millions of Americans with the freedom to more easily purchase homes. We have developed our artificial intelligence and integrated it with fintech to expand beyond the traditional real estate search and transaction process through our Cash Offer product. Cash Offer integrates fintech to help users buy and sell properties more efficiently, by analyzing market trends, property valuations and buyer preferences, our AI tools can help users find matching properties more quickly and provide purchase recommendations. We think our Cash Offer product can help users make an offer of their ideal properties more efficiently, significantly enhancing the success rate of home purchases. Cash Offer is a tool that was developed to help address our customers’ needs. In the Southern California market that we serve, there is often intense competition, buyers are in the painful process of competing for homes, and we have developed Cash Offer to offer a solution by providing full cash payments, helping to make offers more attractive and stand out among numerous competitors. Linkhome accomplishes this by purchasing the target property for cash, assuming ownership of the property, and then selling the property to the customer after the customer has secured the necessary financing from their lender. In 2023, when we rolled out the Cash Offer tool, we completed one transaction, with Haiyan Ma, a related party who is a beneficial owner of 12.41% of our voting securities, that represented 77% of our annual revenue for that year. As of the date of this offering, the Company has only entered Cash Offer transactions with a few select clients. Upon completion of this offering, we believe the Company will have sufficient capital on hand to expand this service. We believe that the combination of artificial intelligence with fintech could be a catalyst for the growth of our Company and could serve to transform the real estate industry. Our principal executive offices are located in Irvine, CA.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Linkhome (LHAI):
Imagine a Zillow or Redfin, but where artificial intelligence (HomeGPT) is the primary engine for property search, recommendations, and transaction streamlining.
It's like an AI-powered real estate brokerage that also functions as a temporary "cash buyer" for its clients, helping them win competitive bids on homes.
AI Analysis | Feedback
- AI Real Estate Platform (HomeGPT): An artificial intelligence-driven platform that aggregates property listings, provides transaction information, and offers interactive home-buying advice.
- Real Estate Brokerage Services: Services provided by Linkhome's team of agents to facilitate the buying and selling of homes.
- Cash Offer Program: A financial innovation service where Linkhome purchases a property for cash, assumes ownership, and then sells it to the customer after they secure financing.
- Property Rental Management: Services for managing rental properties.
- Home Renovation Services: Services related to home improvement and renovation.
AI Analysis | Feedback
Linkhome (LHAI) primarily sells its services and solutions to individual consumers. The company's mission and vision are centered around empowering individuals to buy and sell homes efficiently and affordably. Based on the provided description, the major customer categories Linkhome serves are:
- Homebuyers: Individuals seeking to purchase residential properties. These customers utilize Linkhome's AI-driven platform (HomeGPT) for home-buying advice, property search, and the "Cash Offer" product to enhance their competitiveness in the housing market.
- Home Sellers: Individuals looking to sell their residential properties. These customers leverage Linkhome's real estate brokerage services and platform to list and facilitate the sale of their homes.
- Property Owners/Managers: Individuals who own residential properties and utilize Linkhome for other value-added services, such as property rental management and home renovation.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | KRC | Kilroy Realty | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02202026 | AAT | American Assets Trust | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.2% | -0.2% | -1.5% |
| 12122025 | LINE | Lineage | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.7% | 11.7% | -7.3% |
| 11302025 | OHI | Omega Healthcare Investors | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 6.7% | 6.7% | -6.0% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -37.3% | -37.3% | -39.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 6.62 |
| Mkt Cap | 4.5 |
| Rev LTM | 2,583 |
| Op Inc LTM | -32 |
| FCF LTM | 101 |
| FCF 3Y Avg | 182 |
| CFO LTM | 292 |
| CFO 3Y Avg | 383 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.5% |
| Rev Chg 3Y Avg | 6.7% |
| Rev Chg Q | 18.1% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Mgn LTM | -1.2% |
| Op Mgn 3Y Avg | -6.3% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 13.0% |
| CFO/Rev 3Y Avg | 15.4% |
| FCF/Rev LTM | 3.9% |
| FCF/Rev 3Y Avg | 8.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.5 |
| P/S | 1.1 |
| P/EBIT | 15.5 |
| P/E | 21.7 |
| P/CFO | 13.0 |
| Total Yield | -0.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.6% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.3% |
| 3M Rtn | -42.2% |
| 6M Rtn | -50.6% |
| 12M Rtn | -38.8% |
| 3Y Rtn | 5.6% |
| 1M Excs Rtn | -3.9% |
| 3M Excs Rtn | -41.3% |
| 6M Excs Rtn | -55.3% |
| 12M Excs Rtn | -60.9% |
| 3Y Excs Rtn | -67.2% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 |
|---|---|---|
| Real Estate Solutions segment | 1 | |
| Mortgage referral fee | 0 | |
| Other | 0 | |
| Property management service (property rental commission) | 0 | |
| Real estate agency commission | 1 | |
| Revenue from Property Purchase and sale through Cash Offer - related party | 0 | |
| Total | 1 | 1 |
| $ Mil | 2024 | 2023 |
|---|---|---|
| Real Estate Solutions segment | 0 | |
| Total | 0 |
| $ Mil | 2024 | 2023 |
|---|---|---|
| Real Estate Solutions segment | 1 | |
| Total | 1 |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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