TAP REAL ESTATE TECHS INC (RWAX) 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 Oct 2, 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 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RWAX SEC filings page.
TAP REAL ESTATE TECHS INC (RWAX) reported $0 in revenue for fiscal year 2025. 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 business's small, uneven revenue has not funded operations, while liabilities exceed assets and financing fills the gap.
Revenue recovered by FY2023 while operating cash burn narrowed, pointing to reduced operating drag but not self-funding. FY2023's net loss of$4.3M was close to operating cash burn of$4.1M , so cash conversion remained weak and reported economics broadly matched cash consumption.
In FY2023, liabilities exceeded assets—
Gross margin held near
Financial Health Signals
TAP REAL ESTATE TECHS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
TAP REAL ESTATE TECHS INC reported -$1.5M in net income in Q2 2026. This represents an increase of 45.0% from the same quarter a year earlier. Against the prior quarter it is up 47.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
TAP REAL ESTATE TECHS INC held $166K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
RWAX 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 | N/A | $0 | N/A | N/A | N/A | $0-100.0% | N/A | $114K+31.6% |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $41K+47.4% |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $73K+24.0% |
| SG&A Expenses | $929K-5.4% | $1.6M+57.7% | N/A | $1.2M+55.5% | $982K-14.0% | $989K-18.5% | N/A | $783K-66.0% |
| Operating Income | -$1.0M+44.9% | -$1.8M-26.9% | N/A | -$3.0M-173.7% | -$1.9M-29.4% | -$1.4M+9.9% | N/A | -$1.1M+76.3% |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.1M+71.4% |
| Interest Expense | $36K+63.5% | $36K-93.4% | N/A | $6K-84.8% | $22K-92.8% | $540K+457.5% | N/A | $37K+7.4% |
| Net Income | -$1.5M+45.0% | -$3.0M-123.1% | N/A | -$17.1M-632.6% | -$2.8M-5.4% | $12.8M+5634.2% | N/A | -$2.3M+59.9% |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Diluted Shares (Avg) | N/A | N/A | N/A | 46.26B | 41.07B | 45.58B | N/A | 18.17B |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
RWAX 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 | $2.5M-93.1% | $2.2M-94.4% | $1.4M-94.2% | $21.2M+500.9% | $36.5M+994.1% | $39.0M+1050.1% | $23.2M+1445.8% | $3.5M+180.3% |
| Current Assets | $1.8M-88.9% | $1.5M-92.2% | $1.4M-54.7% | $1.2M-62.5% | $16.5M+433.6% | $19.0M+505.3% | $3.0M+258.5% | $3.3M+495.1% |
| Cash & Equivalents | $166K+31.9% | $7K-99.7% | $126K+515.3% | $5K-98.0% | $126K+941.6% | $2.1M+6378.6% | $20K-94.4% | $274K+132.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $218K-14.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.1M-78.8% | $5.1M-80.2% | $4.2M-84.2% | $3.7M-34.1% | $24.2M+383.8% | $25.6M+392.5% | $26.7M+374.2% | $5.6M-59.2% |
| Current Liabilities | $5.1M-78.8% | $5.1M-80.2% | $4.2M-84.2% | $3.7M-29.8% | $24.2M+419.0% | $25.6M+392.6% | $26.7M+383.0% | $5.2M-32.5% |
| Non-Current Liabilities | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $345K-94.2% |
| Total Equity | -$2.6M-121.1% | -$2.9M-121.6% | -$2.9M+17.1% | $17.6M+1104.4% | $12.3M+987.9% | $13.4M+840.9% | -$3.5M+16.1% | -$1.7M+85.9% |
| Retained Earnings | -$139.3M-28.1% | -$137.8M-30.2% | -$134.8M-14.3% | -$125.8M-15.7% | -$108.7M-2.1% | -$105.8M-2.3% | -$118.0M-14.0% | -$108.8M-10.8% |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt.
RWAX 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 | -$211K+81.3% | -$389K-30.6% | -$109K | -$120K+75.8% | -$1.1M-111.8% | -$298K+63.1% | N/A | -$496K+42.2% |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6K-99.2% |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | $957K-5.5% | N/A | N/A |
| Investing Cash Flow | -$125K | -$945K-147.3% | $0 | $0 | $0 | $2.0M | N/A | N/A |
| Financing Cash Flow | $495K+158.6% | $1.2M+222.3% | $230K | $0-100.0% | -$845K-263.1% | $377K-20.1% | N/A | $758K-15.7% |
| Dividends Paid | N/A | N/A | N/A | $13.3M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
RWAX 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 63.7%-3.9pp |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -955.5% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -2042.8% |
| Return on Equity | N/A | N/A | N/A | -97.2% | -22.9% | 95.8% | N/A | N/A |
| Return on Assets | -61.2%-53.4pp | -135.5%-168.4pp | N/A | -80.4%-14.5pp | -7.7%+72.4pp | 32.9%+39.7pp | N/A | -66.0%+395.4pp |
| Current Ratio | 0.36-0.3x | 0.29-0.4x | 0.32+0.2x | 0.34-0.3x | 0.680.0x | 0.74+0.1x | 0.110.0x | 0.63+0.6x |
| Debt-to-Equity | N/A | N/A | N/A | 0.21 | 1.97 | 1.91 | N/A | N/A |
| Asset Turnover | N/A | 0.000.0x | N/A | N/A | N/A | 0.00-0.1x | N/A | 0.030.0x |
Not reported in any period shown, so not listed: FCF Margin.
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.
Note: Shareholder equity is negative (-$2.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where TAP REAL ESTATE TECHS INC Ranks
Frequently Asked Questions
What is TAP REAL ESTATE TECHS INC's annual revenue?
TAP REAL ESTATE TECHS INC (RWAX) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
What is TAP REAL ESTATE TECHS INC's operating cash flow?
TAP REAL ESTATE TECHS INC (RWAX) recorded an outflow of $1.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are TAP REAL ESTATE TECHS INC's total assets?
TAP REAL ESTATE TECHS INC (RWAX) had $1.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is TAP REAL ESTATE TECHS INC's current ratio?
TAP REAL ESTATE TECHS INC (RWAX) had a current ratio of 0.32 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is TAP REAL ESTATE TECHS INC's P/E ratio?
TAP REAL ESTATE TECHS INC (RWAX) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $6.2M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TAP REAL ESTATE TECHS INC's price-to-sales ratio?
TAP REAL ESTATE TECHS INC (RWAX) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $6.2M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does TAP REAL ESTATE TECHS INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, TAP REAL ESTATE TECHS INC (RWAX) held $126K in cash, cash equivalents and investments, and reported an operating cash outflow of $1.7M over that year. Dividing the one by the other, the reported balance equals about 1 month 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.
Why is TAP REAL ESTATE TECHS INC's debt-to-equity ratio negative or not reported?
TAP REAL ESTATE TECHS INC (RWAX) has negative shareholder equity of -$2.9M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.