reAlpha Tech Corp. (AIRE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AIRE SEC filings page.
reAlpha Tech Corp. (AIRE) reported $4.3M in revenue over the twelve months to Jun 30, 2026, up 41.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The dominant mechanic is growth funded by external capital while operating costs still outrun gross profit.
From FY2024 to FY2025, revenue reached$4.5M while gross margin fell 14 percentage points, indicating growth came with weaker unit economics rather than simple scale benefits. The operating margin improved to-354.3% , yet operating loss widened to-$16.0M , so better economics per sales dollar were overwhelmed by the larger cost base.
Cash flow and financing point to a funding-dependent model: FY2025 operating cash flow was
Capital intensity is not the main drain: with capital expenditures of only
Financial Health Signals
reAlpha Tech Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
reAlpha Tech Corp. scores -4.90, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($9.1M) relative to total liabilities ($9.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
reAlpha Tech Corp. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
reAlpha Tech Corp. reported a net loss of $17.6M while operations used $11.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
reAlpha Tech Corp. reported an operating loss of $16.0M against $815K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
reAlpha Tech Corp. generated $1.1M in revenue in Q2 2026. This represents a decrease of 11.3% from the same quarter a year earlier. Against the prior quarter it is up 32.0%.
reAlpha Tech Corp.'s EBITDA was -$2.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.2% from the same quarter a year earlier. Against the prior quarter it is up 33.8%.
reAlpha Tech Corp. reported -$3.0M in net income in Q2 2026. This represents an increase of 36.7% from the same quarter a year earlier. Against the prior quarter it is up 29.7%.
Cash & Balance Sheet
reAlpha Tech Corp. recorded an outflow of $2.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 0.7% from the same quarter a year earlier. Against the prior quarter it is up 25.4%.
reAlpha Tech Corp. held $2.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
reAlpha Tech Corp.'s gross margin was 66.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 16.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
reAlpha Tech Corp.'s ROE was -54.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 2.1 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
reAlpha Tech Corp. invested $11K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 19.8% from the same quarter a year earlier. Against the prior quarter it is down 77.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
AIRE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M-11.3% | $841K-9.1% | $895K+70.1% | $1.4M+326.0% | $1.3M+1908.5% | $926K+4431.7% | $526K | $339K+474.7% |
| Cost of Revenue | $377K-40.2% | $25K-93.9% | $334K+119.2% | $696K+513.6% | $631K+3357.1% | $407K+2130.1% | $152K | $113K+273.4% |
| Gross Profit | $733K+17.9% | $552K+6.5% | $562K+50.1% | $750K+231.9% | $621K+1309.1% | $519K+23724.9% | $374K | $226K+688.0% |
| SG&A Expenses | $2.0M+28.8% | $2.1M+100.8% | $2.2M+89.8% | $1.7M+112.3% | $1.6M+231.1% | $1.1M+153.1% | $1.2M | $780K+186.5% |
| Operating Income | -$2.9M+29.2% | -$4.3M-76.7% | -$4.5M-64.7% | -$4.9M-204.5% | -$4.1M-238.1% | -$2.4M-85.4% | -$2.8M | -$1.6M-123.0% |
| EBITDA | -$2.7M+31.2% | -$4.1M-83.5% | -$4.4M-75.4% | -$4.8M-215.6% | -$4.0M-247.2% | -$2.2M-81.6% | -$2.5M | -$1.5M-113.7% |
| Interest Expense | $17K-93.1% | $25K-88.0% | $341K+109.4% | $26K+121.8% | $243K+35687.5% | $205K+1798.4% | $163K | -$119K-641.3% |
| Income Tax | N/A | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | -$3.0M+36.7% | -$4.3M-52.2% | -$4.1M+80.3% | -$5.8M-175.6% | -$4.8M-226.0% | -$2.8M-100.8% | -$21.0M | -$2.1M-169.8% |
| EPS (Basic) | -$0.57+75.9% | -$0.03+50.0% | -$0.01+97.9% | -$0.07-40.0% | -$2.37-7800.0% | -$0.06-100.0% | -$0.47 | -$0.05-150.0% |
| EPS (Diluted) | -$0.57 | -$0.03 | -$0.01 | -$0.07 | -$2.37 | -$0.06-100.0% | -$0.47 | -$0.05-150.0% |
| Diluted Shares (Avg) | 5M | 132M | N/A | 82M | 2M | 46M+4.1% | N/A | 44M+4.4% |
Not reported in any period shown, so not listed: R&D Expenses.
AIRE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.1M-2.5% | $17.6M-4.9% | $21.7M+81.1% | $19.7M-42.3% | $15.5M-37.0% | $18.5M-26.9% | $12.0M-56.3% | $34.2M+107.4% |
| Current Assets | $3.5M-31.2% | $5.9M-15.2% | $9.8M+141.8% | $12.2M+52.7% | $5.1M+11.5% | $6.9M+20.1% | $4.0M-45.4% | $8.0M+270.3% |
| Cash & Equivalents | $2.2M+279.8% | $4.7M+287.5% | $7.8M+149.2% | $9.3M+31.1% | $587K-84.1% | $1.2M-75.1% | $3.1M-51.6% | $7.1M+1069.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $165K-16.3% | $92K-44.4% | $68K-62.6% | $43K-75.0% | $197K+474.3% | $165K+1253.6% | $182K+495.6% | $172K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0 |
| Goodwill | $7.5M+20.9% | $7.5M+6.4% | $7.5M+77.1% | $4.2M-80.3% | $6.2M-64.4% | $7.0M-59.6% | $4.2M-75.7% | $21.4M+316.9% |
| Total Liabilities | $8.5M-49.1% | $8.3M-57.3% | $9.2M-11.8% | $8.8M-24.1% | $16.6M+584.2% | $19.5M+836.6% | $10.4M+283.9% | $11.6M+325.8% |
| Current Liabilities | $3.4M-64.2% | $2.7M-76.8% | $3.6M-12.5% | $3.1M-60.5% | $9.5M+589.8% | $11.8M+994.1% | $4.1M+101.0% | $7.7M+211.7% |
| Non-Current Liabilities | $5.1M-29.0% | $5.6M-27.2% | $5.6M-11.3% | $5.8M+48.4% | $7.1M+576.8% | $7.7M+666.2% | $6.3M+861.6% | $3.9M+1474.2% |
| Long-Term Debt | N/A | N/A | N/A | N/A | $153K | N/A | $241K-2.4% | N/A |
| Total Equity | $5.6M+602.1% | $8.2M+947.8% | $11.5M+636.5% | $10.9M-51.7% | -$1.1M-105.0% | -$972K-104.2% | $1.6M-93.7% | $22.5M+64.0% |
| Retained Earnings | -$63.4M-40.3% | -$60.4M-46.8% | -$56.0M-46.3% | -$51.0M-196.0% | -$45.2M-198.8% | -$41.1M-201.0% | -$38.3M-212.6% | -$17.2M-65.8% |
Not reported in any period shown, so not listed: Inventory.
AIRE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M-0.8% | -$3.1M-37.8% | -$2.4M-8.0% | -$4.2M-238.2% | -$2.3M-128.1% | -$2.3M-48.4% | -$2.2M-34.8% | -$1.3M-168.8% |
| Depreciation & Amortization | $171K+30.2% | $165K-7.8% | $150K-7.8% | $132K+33.3% | $131K+89.0% | $179K+150.7% | $162K-37.5% | $99K+576.8% |
| Stock-Based Compensation | $368K+90.9% | $344K+339.0% | N/A | $287K+153.5% | $193K | $78K | N/A | $113K |
| Capital Expenditures | $11K-19.8% | $47K+246.4% | $10K+174.3% | $5K-27.1% | $13K | $14K | $4K | $8K-74.4% |
| Free Cash Flow | -$2.4M-0.7% | -$3.2M-39.0% | -$2.4M-8.3% | -$4.3M-236.6% | -$2.3M | -$2.3M | -$2.2M | -$1.3M-154.4% |
| Investing Cash Flow | -$53K+0.7% | -$64K-126.1% | -$1.7M-42.9% | -$239K+17.4% | -$53K+10.6% | $245K+1341.4% | -$1.2M-80789.2% | -$289K-267.9% |
| Financing Cash Flow | -$30K-101.7% | $72K-30.0% | $2.6M+589.5% | $13.2M+166.8% | $1.8M+2539.8% | $103K+244.5% | -$531K-107.1% | $4.9M+3467.5% |
| Dividends Paid | N/A | N/A | N/A | $29K | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
AIRE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.0%+16.4pp | 65.7%+9.6pp | 62.7%-8.3pp | 51.9%-14.7pp | 49.6%-21.1pp | 56.0%+45.4pp | 71.1% | 66.6%+18.0pp |
| Operating Margin | -260.7% | -509.0% | -507.8% | -342.4% | -326.5% | -261.7% | -524.6% | -479.1% |
| Net Margin | -274.6% | -515.8% | -462.6% | -400.1% | -384.9% | -307.9% | -3994.4% | -618.6% |
| Return on Equity | -54.7% | -52.6% | -36.0%+1311.8pp | -53.1%-43.8pp | N/A | N/A | -1347.9% | -9.3%-3.7pp |
| Return on Assets | -20.2%+10.9pp | -24.6%-9.2pp | -19.1%+156.2pp | -29.3%-23.2pp | -31.1%-25.1pp | -15.4%-9.8pp | -175.3% | -6.1%-1.4pp |
| Current Ratio | 1.02+0.5x | 2.13+1.5x | 2.70+1.7x | 3.99+3.0x | 0.53-2.8x | 0.58-4.7x | 0.98-2.6x | 1.03+0.2x |
| Debt-to-Equity | 1.52 | 1.01 | 0.80+0.6x | 0.81+0.3x | N/A | N/A | 0.15+0.1x | 0.52+0.3x |
| Asset Turnover | 0.070.0x | 0.050.0x | 0.040.0x | 0.07+0.1x | 0.08+0.1x | 0.050.0x | 0.04 | 0.010.0x |
| FCF Margin | -213.0% | -377.0% | -270.9% | -294.1% | -187.5% | -246.4% | -425.5% | -372.2% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| reAlpha Tech Corp. AIRE | FY2025 | $4.5M | -$17.6M | N/A | $9.1M | — |
| Fathom Holdings Inc FTHM | FY2025 | $420.5M | -$20.3M | -4.8% | $20.0M | 7/100 |
| Altisource Portfolio ASPS | FY2025 | $171.0M | $1.9M | 1.1% | $66.8M | 9/100 |
| Star Holdings STHO | FY2025 | $110.1M | -$64.2M | -58.3% | $115.1M | 2/100 |
| Offerpad Solutions Inc OPAD | FY2025 | $567.8M | -$46.4M | -8.2% | $18.2M | 7/100 |
| Comstock Hldg Cos Inc CHCI | FY2025 | $62.9M | $17.1M | 27.1% | $216.0M | 48/100 |
Where reAlpha Tech Corp. Ranks
Frequently Asked Questions
What is reAlpha Tech Corp.'s annual revenue?
reAlpha Tech Corp. (AIRE) reported $4.5M in total revenue for fiscal year 2025. This represents a 376.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is reAlpha Tech Corp.'s revenue growing?
reAlpha Tech Corp. (AIRE) revenue grew by 376.4% year-over-year, from $948K to $4.5M in fiscal year 2025.
Is reAlpha Tech Corp. profitable?
No, reAlpha Tech Corp. (AIRE) reported a net income of -$17.6M in fiscal year 2025.
What is reAlpha Tech Corp.'s EBITDA?
reAlpha Tech Corp. (AIRE) had EBITDA of -$15.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is reAlpha Tech Corp.'s gross margin?
reAlpha Tech Corp. (AIRE) had a gross margin of 54.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is reAlpha Tech Corp.'s return on equity (ROE)?
reAlpha Tech Corp. (AIRE) has a return on equity of -153.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is reAlpha Tech Corp.'s free cash flow?
reAlpha Tech Corp. (AIRE) recorded an outflow of $11.3M in free cash flow during fiscal year 2025. This represents a -86.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is reAlpha Tech Corp.'s operating cash flow?
reAlpha Tech Corp. (AIRE) recorded an outflow of $11.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are reAlpha Tech Corp.'s total assets?
reAlpha Tech Corp. (AIRE) had $21.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are reAlpha Tech Corp.'s capital expenditures?
reAlpha Tech Corp. (AIRE) invested $43K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is reAlpha Tech Corp.'s current ratio?
reAlpha Tech Corp. (AIRE) had a current ratio of 2.70 as of fiscal year 2025, which is generally considered healthy.
What is reAlpha Tech Corp.'s debt-to-equity ratio?
reAlpha Tech Corp. (AIRE) had a debt-to-equity ratio of 0.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is reAlpha Tech Corp.'s return on assets (ROA)?
reAlpha Tech Corp. (AIRE) had a return on assets of -81.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is reAlpha Tech Corp.'s P/E ratio?
reAlpha Tech Corp. (AIRE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $9.1M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is reAlpha Tech Corp.'s price-to-sales ratio?
reAlpha Tech Corp. (AIRE) trades at 2.1x sales, its market capitalization divided by revenue of $4.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $9.1M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does reAlpha Tech Corp.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, reAlpha Tech Corp. (AIRE) held $7.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $11.3M over that year. Dividing the one by the other, the reported balance equals about 8 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is reAlpha Tech Corp.'s Altman Z-Score?
reAlpha Tech Corp. (AIRE) has an Altman Z-Score of -4.90, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is reAlpha Tech Corp.'s Piotroski F-Score?
reAlpha Tech Corp. (AIRE) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are reAlpha Tech Corp.'s earnings high quality?
reAlpha Tech Corp. (AIRE) reported a net loss of $17.6M while operations used $11.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can reAlpha Tech Corp. cover its interest payments?
reAlpha Tech Corp. (AIRE) reported an operating loss of $16.0M against $815K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.