Top Page
reAlpha Tech Corp.
(NASDAQ:AIRE)
reAlpha Tech Corp. (AIRE) vs. S&P 500 (SPY)
reAlpha Tech Corp. Business Overview & Revenue Model
reAlpha Tech Corp. Financial Statement Overview
| Breakdown | |||
| TTM | Dec 2023 | Jun 2023 | Jun 2022 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 455.46K | 182.53K | 419.41K | 229.67K | Gross Profit |
| -270.26K | -1.46M | 126.21K | -61.68K | EBIT |
| -8.40M | -9.51M | -4.95M | -3.02M | EBITDA |
| -8.42M | -9.07M | -5.12M | -5.06M | Net Income Common Stockholders |
| -9.25M | -1.88M | -5.45M | -3.19M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 4.84M | 6.46M | 1.26M | 1.64M | Total Assets |
| 25.37M | 27.88M | 21.09M | 5.67M | Total Debt |
| 118.81K | 437.10K | 7.32M | 2.23M | Net Debt |
| -4.72M | -6.02M | 6.06M | 589.92K | Total Liabilities |
| 2.08M | 3.17M | 7.93M | 8.30M | Stockholders Equity |
| 23.29M | 24.71M | 13.16M | -2.64M |
| Cash Flow | Free Cash Flow | ||
| -5.05M | -3.00M | -5.41M | -6.54M | Operating Cash Flow |
| -4.49M | -2.83M | -4.96M | -1.56M | Investing Cash Flow |
| -150.21K | 506.10K | 1.08M | -2.65M | Financing Cash Flow |
| 5.15M | 7.52M | 3.04M | 5.53M |
reAlpha Tech Corp. Technical Analysis
reAlpha Tech Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $1.43B | ― | -7.50% | 2.19% | 6.69% | -137.52% | |
63 Neutral | $15.14B | ― | -2.39% | ― | 14.96% | 29.56% | |
60 Neutral | $3.03B | 12.63 | 0.42% | 9984.34% | 7.64% | -2.69% | |
58 Neutral | $1.13B | ― | 199.35% | ― | -4.16% | -17.19% | |
54 Neutral | $14.79B | ― | -2.39% | ― | 14.96% | 29.56% | |
44 Neutral | $689.66M | ― | -46.67% | ― | -25.81% | -34.43% | |
37 Underperform | $31.89M | ― | -7.60% | ― | ― | ― |
reAlpha Tech Corp. Corporate Events
In 2024, reAlpha Tech Corp. made significant advancements in the real estate technology sector through strategic innovations and acquisitions, including the launch of a commission-free homebuying platform and the acquisition of stakes in Hyperfast Title and AiChat. Despite a 270% increase in revenue, reAlpha faced financial challenges, including a net loss of $26.02 million due to a goodwill impairment related to its discontinued short-term rental operations. The company decided to cease these operations in early 2025 due to persistent macroeconomic conditions.
On March 24, 2025, reAlpha Tech Corp. announced its decision to terminate its At the Market Sales Agreement with A.G.P./Alliance Global Partners, which allowed the company to offer and sell shares of its common stock. The termination will be effective on March 29, 2025. Under the agreement, reAlpha Tech Corp. had sold 160,879 shares, generating gross proceeds of $231,235.73. Additionally, the company had previously terminated its Chief Product Officer, Jorge Aldecoa, on February 27, 2025, and entered into a separation agreement with him, which includes a severance payment.
On March 19, 2025, reAlpha Tech Corp. entered into a Mutual Settlement and Release Agreement with Unreal Estate Inc. to resolve disputes related to previous agreements, resulting in reAlpha retaining full ownership of US Realty and agreeing to pay Unreal Estate $80,000. The agreement included a mutual release of claims and the cancellation of a convertible promissory note. Additionally, on March 20, 2025, reAlpha entered into an exchange agreement with Streeterville Capital, LLC, involving the exchange of a partitioned promissory note for shares of reAlpha’s common stock, impacting the company’s financial structure. Furthermore, GEM Yield Bahamas Limited filed a lawsuit against reAlpha on March 19, 2025, alleging breach of a warrant agreement, with reAlpha planning to defend itself vigorously.
On February 27, 2025, reAlpha Tech Corp. amended its At the Market Sales Agreement with A.G.P./Alliance Global Partners to reduce the floor price of its shares and the aggregate offering price. This adjustment impacts the company’s ability to sell shares under the agreement, which will terminate upon certain conditions. Additionally, the company terminated its Chief Product Officer, Jorge Aldecoa, and does not plan to fill the position. The amendment also affected the exercise price and share quantity of previously issued Follow-On Warrants.
On February 20, 2025, reAlpha Tech Corp. acquired GTG Financial, a mortgage brokerage company, to enhance its mortgage operations and expand its geographic footprint to 28 U.S. states. This acquisition is expected to bolster reAlpha’s operational capacity and improve its mortgage lending and refinancing services, integrating GTG Financial’s expertise and workforce into reAlpha’s AI-powered platform.
On February 18, 2025, reAlpha Tech Corp. released a corporate presentation emphasizing its strategic focus on leveraging AI for a commission-free homebuying experience. This initiative aims to exploit changes in the real estate industry, particularly following the National Association of Realtors settlement that shifted commission structures. The company plans to present these strategies to investors at various conferences, marking a significant step in its growth and market positioning.
On February 4, 2025, reAlpha Tech Corp.’s board of directors approved the 2025 Short-Term Incentive Plan (STIP), which offers quarterly performance-based restricted stock units to selected executive officers, employees, and consultants. The plan aims to align employees’ interests with stockholders by setting performance targets in organic revenue, brokerage transactions, and acquisitions, with awards vesting over a 24-month period. This initiative is expected to enhance the company’s ability to retain talent and drive performance.
On January 30, 2025, reAlpha Tech Corp. announced the appointment of Piyush Phadke as the Chief Financial Officer, succeeding interim CFO Rakesh Prasad. Phadke brings over 20 years of finance experience, including roles at BTIG, LLC, Jefferies LLC, and Bank of America, where he specialized in investment banking services and capital markets. His expertise is expected to bolster reAlpha’s financial infrastructure and aid in executing the company’s growth strategy in the real estate technology space.