Hi Sidney,
LHAI is a small $US210mn AI-powered real estate technology (prop-tech) company based in California. It floated in mid-2025 at $US4 hence its certainly enjoyed a strong debut.
Linkhome’s point of difference is its combination of AI technology, fintech-enabled cash offers, and fully integrated real-estate services — creating a modern, end-to-end property buying and selling platform rather than a traditional brokerage model.
- They buy homes for cash before reselling for a 6-7% margin.
LHAI is technically profitable now, but margins are thin, the business model is early stage with growth the clear key. They’re competing with giants like Zillow, Redfin, Opendoor and large U.S. brokerages – a tough ask. They obviosuly have high exposure to the housing-market, and we’d also flag high execution risk with heavy dependence on a “Cash Offer” model.
- We’ll look into this stock more (given we own Zillow), but it’s too small for us at this stage.