Ohmyhome

OMHNASDAQUSD

THESIS ALERT

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$8.00
−$8.61 (−51.85%)Today 1M +574.04%
After hours$7.60−5.00%

Updated Nov 11, 4:00 PM ET · Regular session · May be delayed

Source valuation snapshot. Not a live recalculation.
Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
Diluted earnings per share from the latest filed annual.
$16.62
Prior regular-session close from the quote source.
$7.26–$32.75
Regular-session low and high so far today.
24.5M
Regular-session shares traded · Nov 11, 4:00 PM ET.
Not yet confirmed
The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
$2.05–$109.50
52-week trading low and high returned by the quote source.

Understand the Business

Why the Stock Moved

Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.

The core investment thesis

Own OMH if Ohmyhome is a speculative proptech/real-estate-services scale story: the business must prove its platform can turn housing transactions into high-margin repeatable services before operating losses and funding needs overwhelm shareholders.

OMH price history

Latest price$8.00Today−$8.61 (-51.85%)
OMH +213.73%S&P 500 -2.42%Since first plotted close
4 hours

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Investment thesis

What must happen next

4 MATERIAL PROPOSITIONS
  • Ohmyhome’s platform must keep attracting property sellers, buyers, landlords, and tenants away from traditional agents and portals so housing-market activity converts into company-controlled transactions rather than one-off, cyclical commissions.HoldingMateriality: High

    GAAP annual revenue increased to $9.52 million in FY2025 from $7.97 million in FY2024. If customer acquisition keeps converting into transactions, revenue can scale from a small base; if incumbents retain the customer relationship, Ohmyhome remains subscale.

    Watch: Large Singapore agency competitors such as PropNex, ERA, and Huttons keep exclusive listing relationships and prevent sellers from shifting to Ohmyhome.

    Supporting sources

    Source notes are factual paraphrases; read the original disclosures below.

    GAAP annual revenue increased to $9.52 million in FY2025 from $7.97 million in FY2024.

    Open source ↗
  • Growth must come from a service mix and commission structure that preserves gross profit, not from discounting, higher agent payouts, referral fees, or lower-margin adjacent services used to chase volume.WeakeningMateriality: High

    GAAP annual gross profit was $3.04 million in FY2025, above $1.73 million in FY2022 and $1.30 million in FY2023. Revenue growth only creates value if each additional transaction carries enough gross profit to fund marketing, technology, and public-company overhead.

    Watch: PropNex, ERA, Huttons, or other agencies respond with commission rebates or higher agent splits, forcing Ohmyhome to sacrifice take rate.

    Supporting sources

    Source notes are factual paraphrases; read the original disclosures below.

    GAAP annual gross profit was $3.04 million in FY2025, above $1.73 million in FY2022 and $1.30 million in FY2023.

    Open source ↗
  • The technology-enabled model must turn incremental gross profit into lower operating losses by spreading fixed product, marketing, staff, and public-company costs across more completed transactions.WeakeningMateriality: Medium

    GAAP annual operating loss narrowed to $3.21 million in FY2024 from $4.05 million in FY2023 while revenue rose. Without operating leverage, Ohmyhome can grow and still destroy per-share value because overhead absorbs the economics of each deal.

    Watch: A labor-heavy agent model requires headcount, commissions, and local market support to rise with each new transaction, preventing software-like scale benefits.

    Supporting sources

    Source notes are factual paraphrases; read the original disclosures below.

    GAAP annual operating loss narrowed to $3.21 million in FY2024 from $4.05 million in FY2023 while revenue rose.

    Open source ↗
  • Management must maintain enough liquidity to reach a self-funding model before capital markets, debt, or equity issuance become the primary support for operations.HoldingMateriality: Medium

    Cash and cash equivalents were $3.57 million at FY2025 year-end, up from $0.84 million at FY2024 year-end. For a small loss-making issuer, survival and dilution risk can dominate business progress even if revenue continues to grow.

    Watch: Operating cash burn remains too high for the cash balance, forcing another equity raise before operating leverage is proven.

    Supporting sources

    Source notes are factual paraphrases; read the original disclosures below.

    Cash and cash equivalents were $3.57 million at FY2025 year-end, up from $0.84 million at FY2024 year-end.

    Open source ↗
Full investment case & evidence

Loading the original research archive…

Original research

Ohmyhome’s platform must keep attracting property sellers, buyers, landlords, and tenants away from traditional agents and portals so housing-market activity converts into company-controlled transactions rather than one-off, cyclical commissions. If customer acquisition keeps converting into transactions, revenue can scale from a small base; if incumbents retain the customer relationship, Ohmyhome remains subscale.

Growth must come from a service mix and commission structure that preserves gross profit, not from discounting, higher agent payouts, referral fees, or lower-margin adjacent services used to chase volume. Revenue growth only creates value if each additional transaction carries enough gross profit to fund marketing, technology, and public-company overhead.

The technology-enabled model must turn incremental gross profit into lower operating losses by spreading fixed product, marketing, staff, and public-company costs across more completed transactions. Without operating leverage, Ohmyhome can grow and still destroy per-share value because overhead absorbs the economics of each deal.

Management must maintain enough liquidity to reach a self-funding model before capital markets, debt, or equity issuance become the primary support for operations. For a small loss-making issuer, survival and dilution risk can dominate business progress even if revenue continues to grow.

All standing thesis claims
Original report summary

Ohmyhome is a speculative proptech/real-estate-services scale story: the business must prove its platform can turn housing transactions into high-margin repeatable services before operating losses and funding needs overwhelm shareholders.

Evidence assessed Oct 19, 2026. Expand each conclusion for its evidence and what would change it. Thesis evidence—not a buy or sell recommendation.

Bull case and bear case

Bull case and bear case for Ohmyhome

Where the evidence on Ohmyhome disagrees: Mixed on the latest evidence (Oct 19, 2026). Of its 4 thesis points, 2 holding and 2 weakening.

Bull case: what the evidence supports

  • Ohmyhome’s platform must keep attracting property sellers, buyers, landlords, and tenants away from traditional agents and portals so housing-market activity converts into company-controlled transactions rather than one-off, cyclical commissions.

    sec.gov ↗

  • Management must maintain enough liquidity to reach a self-funding model before capital markets, debt, or equity issuance become the primary support for operations.

    sec.gov ↗

Bear case: what the evidence questions

  • Growth must come from a service mix and commission structure that preserves gross profit, not from discounting, higher agent payouts, referral fees, or lower-margin adjacent services used to chase volume.

    sec.gov ↗

  • The technology-enabled model must turn incremental gross profit into lower operating losses by spreading fixed product, marketing, staff, and public-company costs across more completed transactions.

    sec.gov ↗

Thesis-Break Engine

Thesis-break watch · Ohmyhome

12 mo agonow
Trailing daily price. No thesis break has crossed here, so there is no break base rate to project.

No break has crossed Ohmyhome’s thesis. Its break conditions are checked against every new filing as it lands.

How the Thesis-Break Engine works →Historical outcomes are measured against the market after past breaks of the same kind, across all companies. Not a prediction.

MARKET + FINANCIAL SNAPSHOT

The numbers behind the thesis

Sourced from filings and market data

What Changed

  1. Mixed
    REPORT OF FOREIGN PRIVATE ISSUER.

    Ohmyhome filed an SEC report on 2026-10-16: REPORT OF FOREIGN PRIVATE ISSUER. It is a dated development that tests the current thesis.

  2. Mixed
    CURRENT REPORT.

    Ohmyhome filed an SEC report on 2026-10-13: CURRENT REPORT. It is a dated development that tests the current thesis.

  3. Mixed
    REPORT OF FOREIGN PRIVATE ISSUER.

    Ohmyhome filed an SEC report on 2026-10-07: REPORT OF FOREIGN PRIVATE ISSUER. It is a dated development that tests the current thesis.

Risks / falsifiers

What could break the thesis

  • Large Singapore agency competitors such as PropNex, ERA, and Huttons keep exclusive listing relationships and prevent sellers from shifting to Ohmyhome.
  • PropNex, ERA, Huttons, or other agencies respond with commission rebates or higher agent splits, forcing Ohmyhome to sacrifice take rate.
  • A labor-heavy agent model requires headcount, commissions, and local market support to rise with each new transaction, preventing software-like scale benefits.
  • Operating cash burn remains too high for the cash balance, forcing another equity raise before operating leverage is proven.

OMH news

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Financial statements

OMH income statement

Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.

OMH: quick answers

What is OMH's short interest?
As of October 30, 2026, 41,856 OMH shares were sold short, down 24.7% from the count before. At the stock's average daily volume that is 1.0 day to cover. FINRA publishes the count twice a month. OMH short interest history
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