If you want to invest in Pacaso stock, you won't be able to do so through a brokerage account -- at least not yet. The real estate company that was founded by two former Zillow (Z +0.98%)(ZG +1.04%) executives became popular due to its unique fractional share model for buying and selling homes. In this guide, you'll learn more about Pacaso and the closest investment options currently available.
Is Pacaso publicly traded?
Pacaso isn't publicly traded on the stock market. As such, it's not open to investment from the general public. It did have a public fundraising round in 2024, but that's now closed.
When will Pacaso IPO?
Pacaso hasn't announced or filed for an initial public offering (IPO). There's currently no way of knowing when or if Pacaso will join the list of upcoming IPOs. It could remain private or choose a different method to go public, such as through a special purpose acquisition company (SPAC). However, Pacaso reserved the ticker symbol "PCSO" on the Nasdaq exchange in May 2025, which could indicate that it intends to go public in the future.
IPO
Is Pacaso profitable?
Pacaso isn't profitable. It has lost money every year it has been in operation so far. It reported a net loss of $31.4 million in 2024, and 2025 is looking even worse. Over the first six months of the year, Pacaso reported a net loss of $22.3 million.
Alternatives to Pacaso stock
While you can't invest in Pacaso stock directly, you can invest in stocks for publicly traded companies with similarities in their business models. Here are three options to consider.
Airbnb
Airbnb (ABNB +1.15%) pioneered the idea of vacation rentals through a "home-sharing" model, and that's still its biggest revenue driver, although it has also branched out into experiences and in-home services. Like Pacaso, Airbnb takes an innovative approach to real estate. Property owners put their homes, apartments, or spare rooms on Airbnb to make passive income. Travelers can rent places to stay on Airbnb instead of staying in hotels.
Zillow
Zillow is a digital real estate platform that connects home buyers and sellers; Pacaso founders Austin Allison and Spencer Rascoff were both executives there. Zillow has been at the forefront of bringing real estate listings and valuations online since its website launched in 2006. In 2022, Zillow announced a strategy to become a "housing super app" that covers every stage of the home buying, selling, and rental process.
NVR
NVR (NVR +1.07%) is a homebuilder that focuses on premium homes. This company presells most homes, making its real estate return on investment (ROI) more predictable and reducing the risk of being stuck with unsold inventory. It also offers in-house mortgage lending services. If Pacaso's selection of premium homes is what caught your eye as an investment, NVR could be a good alternative.
How to buy stocks similar to Pacaso
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Should I invest in Pacaso?
Pacaso isn't open to public investment, and even if it were, it would be a risky stock to buy. It hasn't reached profitability, and while that's common with start-ups, Pacaso also hasn't had the kind of revenue growth investors like to see. Revenue peaked at $219.1 million in 2022 and hasn't been near that mark since. In the first six months of 2025, revenue plunged by 32% year over year to $50.8 million.
However, if you're looking for real estate stocks to invest in, there are better options available. Real estate investment trusts (REITs) own income-producing real estate and typically pay high dividends. You can also invest in real estate apps, such as Zillow or vacation rental websites.
The bottom line on Pacaso
The closest you can get to buying Pacaso stock is investing in real estate companies, particularly those that take a unique approach. You can also sign up for Pacaso's email list to get a notification if it decides to conduct another public funding round.
It wouldn't be a surprise to see Pacaso go public in the next few years, considering it has reserved a ticker symbol. However, even if the option to invest in Pacaso stock becomes available, a cautious approach is recommended.
Pacaso's recent financial statements don't look great, especially the lack of revenue growth. In addition, the idea of co-owning a luxury home is similar to owning a timeshare -- usually considered to be a poor investment. The fact that Pacaso opened a funding round to the public could also be a sign that interest from private equity is drying up. The idea may catch on, but for now, the jury's still out.
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