Here are 1-2 brief analogies to describe Linkhome (LHAI):

1. Imagine a Zillow or Redfin, but where artificial intelligence (HomeGPT) is the primary engine for property search, recommendations, and transaction streamlining.

2. 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 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.

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.

Zhen "Bill" Qin, Chief Executive Officer and Chairman of the Board

Mr. Qin has served as Linkhome's Chief Executive Officer and Chairman of the Board since October 2023, and as CEO of its wholly owned subsidiary, Linkhome Realty Group, since July 2021. He is also a founder of Linkhome. Before joining Linkhome Realty Group, he was an independent realtor for Harvest Realty Development Inc. from March 2020 to July 2021. Additionally, he served as Chief Executive Officer of USA Bestway Group Inc. from April 2016 to March 2020. Mr. Qin holds a master's degree from the University of California, Irvine.

Na Li, Chief Financial Officer and Director

Ms. Li has served as Linkhome's Chief Financial Officer and a member of its Board since October 2023, and as CFO of its wholly owned subsidiary, Linkhome Realty Group, since July 2021. She is a founder of Linkhome and the spouse of Zhen Qin. Prior to Linkhome Realty Group, Ms. Li was an independent realtor for Harvest Realty Development Inc. from March 2020 to July 2021. She also held the position of Chief Financial Officer at USA Bestway Group Inc. from April 2016 to March 2020.

Edward Frost, Chief Operating Officer

Mr. Frost serves as the Chief Operating Officer of Linkhome Holdings Inc.

Yuan Gao, Chief Technology Officer

Mr. Gao is the Chief Technology Officer of Linkhome Holdings Inc. He holds a master's degree from UC Irvine.

Minghui Sun, Director

Ms. Sun currently serves as a Director for Linkhome Holdings Inc. She has been the Chief Executive Officer of Qin Express since 2021, and before that, she served as Vice President of Meibao International Group. Ms. Sun earned her bachelor's degree from Zhengzhou Huaxin University.

1. Extreme Reliance on Related-Party Cash Offer Transactions and Limited Client Base for a Key Product: Linkhome's Cash Offer product, a significant part of its financial innovation strategy, generated 77% of its 2023 annual revenue from a single transaction with a related party, Haiyan Ma, who is a beneficial owner of 12.41% of its voting securities. Furthermore, as of the date of the offering, the company has only entered Cash Offer transactions with a few select clients. This indicates a substantial dependency on a very narrow customer base and a related party for a dominant portion of a key service's revenue, posing a significant risk to revenue stability and business scalability.

2. Limited Geographic Market Presence and Nascent Market Share: Currently, Linkhome's platform is only active in California. While the company plans to launch its platform in dozens of cities, its current operations are confined to a single state, limiting its overall market reach and potential for immediate growth. The relatively modest transaction volumes for its real estate agency services in 2023 ($15,438,435) compared to 2022 ($28,243,875), and the fluctuation in transaction volumes between Q1 2023 ($2,183,832) and Q1 2024 ($12,090,829), suggest a nascent market share that requires significant expansion and penetration efforts.

3. Dependence on Artificial Intelligence Development and Adoption: Linkhome's core business model is "artificial intelligence-driven" and hinges on the success and user adoption of its proprietary AI model, HomeGPT. The company's mission is to redefine the real estate experience through AI, and its future plans involve vigorously developing HomeGPT. The effectiveness, reliability, and continued innovation of this AI, along with user trust and adoption, are critical to the company's competitive advantage and long-term success. Any failure in AI development or if competitors develop superior AI solutions, could severely impact Linkhome's business.

Expected Drivers of Future Revenue Growth for Linkhome (LHAI)

Over the next 2-3 years, Linkhome (LHAI) anticipates revenue growth driven by several strategic initiatives:

1. Geographic Market Expansion: Linkhome plans to significantly expand its operational footprint by launching its AI real estate platform in dozens of new cities. Currently active only in California, this expansion represents a substantial opportunity to increase its user base and transaction volume.
2. Expansion of Service Offerings: The company intends to broaden its suite of services to become a comprehensive one-stop shop for real estate. Future offerings are planned to include mortgage services, home insurance, and escrow services, complementing its existing brokerage, Cash Offer, property rental management, and home renovation services.
3. Scaling of the Cash Offer Product: Following the completion of its offering, Linkhome expects to have sufficient capital to expand its recently launched Cash Offer service. This product, which facilitates full cash payments for properties, is designed to enhance the success rate of home purchases for customers in competitive markets and is a key area for growth.
4. Increased Market Share through AI Development: Linkhome aims to vigorously develop its proprietary AI real estate model, HomeGPT, to increase its market share. The continuous enhancement of its AI and fintech integration is expected to attract more users, improve transaction efficiency, and further establish the company as a preferred provider for real estate solutions.

Share Issuance

• Linkhome Holdings Inc. completed an initial public offering (IPO) in July 2025, issuing 1,500,000 shares at $4 per share.
• Underwriters were granted an option to purchase an additional 225,000 shares.
• The total number of shares outstanding increased by 5.39% in one year, reaching 16.23 million shares.

Inbound Investments

• Through its IPO in July 2025, Linkhome raised $6 million in gross proceeds.
• The proceeds from the offering are allocated towards expanding marketing initiatives, advancing the HomeGPT AI platform, supporting the rollout of the Cash Offer product, and investing in research and development and general corporate purposes.

Capital Expenditures

• In the last 12 months, Linkhome's capital expenditures totaled approximately -$303,650.
• The company projects approximately $2 million in capital investment and expenditures over the next 12 months.
• Future capital expenditures are planned for vigorously developing the HomeGPT artificial intelligence platform, expanding marketing, and supporting the geographic rollout of its Cash Offer product.