TAP REAL ESTATE TECHNOLOGIES INC Financials
TAP REAL ESTATE TECHNOLOGIES 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).
External funding and asset sales, not internal cash generation, appear to be sustaining operations as the balance sheet stays thin.
FY2025 operating burn was still$1.7M , but a non-operating cash source of$2.0M in investing inflow prevented an even tighter cash squeeze. Because the current ratio only improved to 0.3x from 0.1x while operating cash flow stayed negative, the liquidity relief looks temporary rather than evidence that the core business is now funding itself.
FY2025 liabilities exceeding assets by a wide margin -
The company has been in expense retrenchment: selling and admin costs fell to
Financial Health Signals
We are recalculating TAP REAL ESTATE TECHNOLOGIES INC's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
TAP REAL ESTATE TECHNOLOGIES INC generated $0 in revenue in fiscal year 2025.
TAP REAL ESTATE TECHNOLOGIES INC earned $0.00 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
TAP REAL ESTATE TECHNOLOGIES INC held $126K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
RWAX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | N/A | $0 | $0-100.0% | $1.0M+121.5% | $454K-66.9% | $1.4M |
| Cost of Revenue | N/A | N/A | N/A | $443K+144.6% | $181K-78.8% | $856K |
| Gross Profit | N/A | N/A | N/A | $563K+106.2% | $273K-47.2% | $517K |
| SG&A Expenses | N/A | $4.1M-3.1% | $4.3M-34.1% | $6.5M-65.4% | $18.8M+21.1% | $15.5M |
| Operating Income | N/A | N/A | -$8.3M | N/A | N/A | -$28.3M |
| Interest Expense | N/A | $540K | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | $5K0.0% | $5K |
| Net Income | N/A | N/A | -$14.4M-235.1% | -$4.3M | N/A | -$49.7M |
| EPS (Diluted) | — | $0.00 | $0.00 | $0.00 | -$0.03 | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RWAX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $1.4M-94.2% | $23.2M+1445.8% | $1.5M-60.7% | $3.8M-64.5% | $10.8M |
| Current Assets | $1.4M-54.7% | $3.0M+258.5% | $835K-70.7% | $2.9M-26.5% | $3.9M |
| Cash & Equivalents | $126K+515.3% | $20K-94.4% | $363K-24.8% | $483K-84.8% | $3.2M |
| Inventory | N/A | N/A | $290K-72.1% | $1.0M | N/A |
| Accounts Receivable | N/A | N/A | $30K-59.4% | $74K-73.0% | $273K |
| Goodwill | N/A | N/A | N/A | N/A | $3.2M |
| Total Liabilities | $4.2M-84.2% | $26.7M+374.2% | $5.6M-85.6% | $39.1M+43.7% | $27.2M |
| Current Liabilities | $4.2M-84.2% | $26.7M+383.0% | $5.5M-81.7% | $30.3M+21.8% | $24.8M |
| Total Equity | -$2.9M+17.1% | -$3.5M+16.1% | -$4.1M+88.3% | -$35.3M-114.4% | -$16.5M |
| Retained Earnings | -$134.8M-14.3% | -$118.0M-14.0% | -$103.5M-4.3% | -$99.2M-95.9% | -$50.7M |
Not reported in any period shown, so not listed: 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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M | -$1.7M+48.0% | -$3.2M+22.7% | -$4.1M+64.8% | -$11.7M-17.7% | -$9.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $9K-97.7% | $368K |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$11.7M-13.6% | -$10.3M |
| Investing Cash Flow | -$945K | $2.0M+173.6% | $731K | N/A | -$677K-185.6% | -$237K |
| Financing Cash Flow | $600K | -$238K-111.3% | $2.1M-47.3% | $4.0M-60.0% | $10.0M-13.9% | $11.6M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RWAX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 55.9%-4.2pp | 60.1%+22.4pp | 37.6% |
| Operating Margin | N/A | N/A | N/A | N/A | -2059.0% |
| Net Margin | N/A | N/A | -428.6% | N/A | -3618.1% |
| Return on Assets | N/A | -62.2%+224.7pp | -286.9% | N/A | -461.2% |
| Current Ratio | 0.32+0.2x | 0.110.0x | 0.15+0.1x | 0.09-0.1x | 0.16 |
| FCF Margin | N/A | N/A | N/A | -2576.1% | -750.2% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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.
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 TECHNOLOGIES INC Ranks
Frequently Asked Questions
What is TAP REAL ESTATE TECHNOLOGIES INC's annual revenue?
TAP REAL ESTATE TECHNOLOGIES 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 TECHNOLOGIES INC's operating cash flow?
TAP REAL ESTATE TECHNOLOGIES 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 TECHNOLOGIES INC's total assets?
TAP REAL ESTATE TECHNOLOGIES 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 TECHNOLOGIES INC's current ratio?
TAP REAL ESTATE TECHNOLOGIES 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 TECHNOLOGIES INC's cash runway?
Based on fiscal year 2025 data, TAP REAL ESTATE TECHNOLOGIES INC (RWAX) had $126K in cash against an annual operating cash burn of $1.7M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is TAP REAL ESTATE TECHNOLOGIES INC's debt-to-equity ratio negative or not reported?
TAP REAL ESTATE TECHNOLOGIES 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.