Linkhome Holdings Inc (OTC: LHAI) is a residential real estate technology company that operates an AI-powered property search and transaction platform serving home buyers and sellers. Revenue comes primarily from buying and reselling homes through its Cash Offer program, supplemented by real estate agency commissions, property management fees, home renovation fees, and mortgage referral fees. Cash Offer property purchases and sales generated $20.15 million, or 96% of total net revenue of $20.99 million in FY2025, up from $6.57 million, or 86% of $7.62 million total net revenue in FY2024. The company was founded in 2021 through its subsidiary Linkhome Realty and is led by Chairman and CEO Zhen Qin. As of December 31, 2025, the platform had facilitated more than $180 million in aggregate gross agent brokerage transaction value since inception and listed more than 1 million active residential properties sourced from Multiple Listing Service data. The AI advisory tool HomeGPT provides interactive home-buying guidance to platform users.

Revenue model

Transactional and fee-based. The primary revenue stream is property purchases and resales via the Cash Offer program, which accounted for 96% of FY2025 net revenue. Secondary streams include real estate agency commissions (3.13% of FY2025 net revenue), home renovation fees (0.39%), mortgage referral fees (0.31%), and property management fees (0.17%). The company charges a platform usage fee of approximately 1% to 2% of transaction value on Cash Offer deals.

Products and services

Cash Offer program (iBuying and cash-backed purchase offers for buyers), Flash Sell (direct home purchase from sellers via mobile app and website), HomeGPT (AI-powered interactive home-buying advisory tool), MLS-aggregated property search with more than 1 million active residential listings as of December 31, 2025, real estate agency brokerage services, property management services, home renovation services, and mortgage referral services.

Customers and end markets

Residential home buyers and home sellers in the United States. Buyers use the platform for property search, AI advisory, and competitive cash-backed offers. Sellers use Flash Sell for direct cash offers without open houses or listing on the open market. End market is U.S. residential real estate.

Value-chain role

Vertically integrated residential real estate platform operating as principal buyer and seller in iBuying transactions, as licensed brokerage agent for commission-based transactions, and as a technology intermediary connecting buyers and sellers via MLS-aggregated listings and AI tools.

Geographic exposure

United States residential real estate market. No specific state or regional breakdown is disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-03-26

Industry: Real Estate Agents & Managers (For Others)