The company's capital structure appears vulnerable, characterized by a $60.4M accumulated deficit in retained earnings and a reliance on $7.5M in goodwill to support a $17.6M total asset base as of 2026Q1.
| Total Current Assets | 5.85M | 9.78M | 4.04M | 7.4M | 4.66M | 2.36M |
| Cash & Short-Term Investments | - | - | - | - | - | - |
| Cash Only | 4.67M | 7.78M | 3.12M | 6.46M | 1.26M | 2.07M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 3.06M | 0 |
| Days Inventory Outstanding | - | - | - | - | 3.81K | - |
| Other Current Assets | 737.38K | 1.92M | 556.98K | 670.5K | 250.68K | 38.21K |
| Total Non-Current Assets | 11.79M | 11.94M | 7.95M | 20.48M | 16.44M | 4.53M |
| Property, Plant & Equipment | 103.17K | 64.63K | 102.64K | 328.54K | 2.19M | 3.82M |
| Fixed Asset Turnover | 65.81x | 69.92x | 9.24x | 0.56x | 0.19x | 0.08x |
| Goodwill | 7.46M | 7.46M | 4.21M | 0 | 5.14M | 0 |
| Intangible Assets | 4.16M | 4.31M | 3.39M | 19.17M | 9M | 599.46K |
| Long-Term Investments | 0 | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - |
| Total Assets | 17.64M | 21.72M | 11.99M | 27.88M | 21.09M | 6.89M |
| Asset Turnover | 0.24x | 0.21x | 0.08x | 0.01x | 0.02x | 0.04x |
| Asset Growth % | -3.12% | 81.06% | -56.98% | 32.17% | 206.29% | - |
| Total Current Liabilities | 2.75M | 3.63M | 4.15M | 2.06M | 7.68M | 12.2M |
| Accounts Payable | 551.53K | 306.22K | 655.76K | 461.88K | 412.95K | 81.38K |
| Days Payables Outstanding | 104.99 | 54.07 | 69.87 | 102.69 | 514.06 | 177.65 |
| Short-Term Debt | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - |
| Other Current Liabilities | 1.24M | 2.63M | 2.7M | 817.11K | 0 | 3.77M |
| Current Ratio | 2.13x | 2.70x | 0.98x | 3.59x | 0.61x | 0.19x |
| Quick Ratio | 2.13x | 2.70x | 0.98x | 3.59x | 0.21x | 0.19x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 5.58M | 5.57M | 6.28M | 1.11M | 247K | 0 |
| Long-Term Debt | 71.63K | 88.41K | 5.2M | 247K | 247K | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - |
| Total Liabilities | 8.33M | 9.2M | 10.43M | 3.17M | 7.93M | 12.2M |
| Total Debt | 330.51K | 384.6K | 5.98M | 437.1K | 7.32M | 8.23M |
| Net Debt | -4.34M | -7.4M | 2.85M | -6.02M | 6.06M | 6.16M |
| Debt / Equity | 0.04x | 0.03x | 3.81x | 0.02x | 0.56x | - |
| Debt / EBITDA | -0.02x | - | - | - | - | - |
| Net Debt / EBITDA | 0.25x | - | - | - | - | - |
| Interest Coverage | - | -20.59x | -20.07x | -89.69x | -31.03x | -29.42x |
| Total Equity | 9.31M | 12.52M | 1.57M | 24.71M | 13.17M | -5.32M |
| Equity Growth % | 1606.89% | 698.84% | -93.66% | 87.67% | 347.56% | - |
| Book Value per Share | 1.76 | 4.10 | 0.04 | 0.58 | 7.74 | -0.13 |
| Total Shareholders' Equity | 9.3M | 12.51M | 1.56M | 24.71M | 13.16M | -5.33M |
| Common Stock | 134.12K | 131.74K | 45.87K | 44.12K | 42.52K | 8.63K |
| Retained Earnings | -60.36M | -55.98M | -38.26M | -12.24M | -10.99M | -5.53M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -123.54K | -127.89K | 5.01K | 0 | 0 | 0 |
| Minority Interest | 11.03K | 11.03K | 7.45K | 3.05K | 2.61K | 13.6K |
Persistent Operating Cash Burn
According to recent SEC filings, reAlpha Tech Corp.'s equity base has experienced significant volatility, swinging from a peak of $23.3M in 2024Q1 to negative territory in early 2025, reflecting the underlying instability of a business model struggling to maintain a positive net worth while scaling operations.
The rapid contraction of equity suggests that the company's aggressive growth strategy is consuming capital faster than it can be replenished through operations. Investors should monitor whether the recent stabilization in 2026Q1 represents a sustainable turnaround or merely a temporary reprieve from ongoing capital depletion.
As reported in financial statements, the company's current ratio has fluctuated wildly, dropping to a low of 0.53 in 2025Q2 before recovering to 2.13 in 2026Q1, which indicates that the firm's ability to meet short-term obligations remains highly sensitive to the timing of property syndication cash inflows.
The volatility in liquidity metrics suggests that the company lacks a consistent cash cushion to absorb operational shocks. This reliance on transactional revenue to maintain current ratios warrants further investigation into the firm's ability to sustain operations during periods of low syndication activity.
Based on reported figures, goodwill accounts for a substantial portion of total assets, peaking at $21.4M in 2024Q3, which suggests that the company's asset base is heavily reliant on intangible valuations rather than tangible property holdings or liquid cash reserves.
The significant presence of goodwill relative to total assets may indicate potential impairment risks if the underlying business units fail to meet performance expectations. This asset mix appears to prioritize acquisition-driven growth over the accumulation of high-quality, income-generating physical assets.
Financial disclosures reveal that retained earnings have consistently declined, reaching a deficit of $60.4M by 2026Q1, which underscores the persistent and cumulative impact of operating losses on the company's overall shareholder equity position over the observed period.
The deepening deficit in retained earnings highlights the structural difficulty the company faces in achieving profitability. This trend suggests that the firm is effectively funding its ongoing development through the erosion of its capital base, which may necessitate future dilutive financing events.
Quick answers to the most common questions about buying AIRE stock.
As of 2025, reAlpha Tech Corp. Common Stock (AIRE) had total assets of $21.7M including $9.8M in current assets.
reAlpha Tech Corp. Common Stock (AIRE) carries total debt of $0.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
reAlpha Tech Corp. Common Stock (AIRE) has total shareholders' equity (book value) of $12.5M ($4.10 book value per share). Book value represents the net worth of the company belonging to common stock holders.
reAlpha Tech Corp. Common Stock (AIRE) reported a current ratio of 2.70x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.