Revenue growth remains highly volatile, swinging from $20.4K in 2024Q1 to a peak of $1.4M in 2025Q3, while operating margins remain deeply negative at -5.1% as of 2026Q1.
| Sales/Revenue | 4.43M | 4.52M | 948.42K | 182.53K | 419.41K | 305.38K |
| Revenue Growth % | 139.2% | 376.42% | 419.58% | -56.48% | 37.34% | - |
| Cost of Goods Sold | 1.95M | 2.07M | 3.43M | 1.64M | 293.2K | 167.19K |
| COGS % of Revenue | - | 45.75% | 361.21% | 899.39% | 69.91% | 54.75% |
| Gross Profit | 2.49M | 2.45M | -2.48M | -1.46M | 126.21K | 138.18K |
| Gross Margin % | 56.05% | 54.25% | -261.21% | -799.39% | 30.09% | 45.25% |
| Gross Profit Growth % | - | 198.95% | -69.78% | -1256.16% | -8.67% | - |
| Operating Expenses | 20.18M | 18.24M | 4.22M | 8.05M | 5.06M | 4.97M |
| OpEx % of Revenue | - | 403.64% | 445.19% | 4409.44% | 1206.41% | 1626.56% |
| Selling, General & Admin | 17.52M | 15.73M | 4.22M | 8.05M | 4.59M | 4.46M |
| SG&A % of Revenue | - | 348.06% | 445.19% | 4409.44% | 1093.82% | 1460.22% |
| Research & Development | 0 | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - |
| Operating Income | -17.69M | -15.79M | -6.7M | -9.51M | -4.93M | -4.83M |
| Operating Margin % | -399.06% | -349.38% | -706.4% | -5208.83% | -1176.31% | -1581.31% |
| Operating Income Growth % | - | -135.64% | 29.54% | -92.72% | -2.17% | - |
| EBITDA | -17.12M | -15.24M | -6.23M | -9.07M | -4.78M | -4.68M |
| EBITDA Margin % | -386.03% | -337.36% | -657.19% | -4971.28% | -1138.69% | -1531.7% |
| EBITDA Growth % | -135.82% | -144.57% | 31.31% | -90.01% | -2.1% | - |
| D&A (Non-Cash Add-back) | 577.97K | 543.17K | 466.69K | 433.6K | 157.8K | 151.48K |
| EBIT | -18.49M | -16.78M | -6.7M | -9.51M | -5.27M | -5.21M |
| Net Interest Income | -705.05K | -814.73K | -333.76K | -105.18K | -169.78K | -177.13K |
| Interest Income | 0 | 0 | 0 | 836 | 0 | 147 |
| Interest Expense | 0 | - | - | - | - | - |
| Other Income/Expense | 0 | - | - | - | - | - |
| Pretax Income | -19.08M | -17.59M | -7.74M | -1.57M | -5.44M | -5.39M |
| Pretax Margin % | -430.29% | -389.3% | -815.78% | -860.36% | -1296.48% | -1765.69% |
| Income Tax | 0 | 0 | -54.26K | 306.43K | 0 | -13.3K |
| Effective Tax Rate % | 0% | 0% | 0.7% | -19.51% | 0% | 0.25% |
| Net Income | -19.08M | -17.59M | -26.02M | -1.88M | -5.45M | -5.38M |
| Net Margin % | -430.38% | -389.38% | -2743.83% | -1028.62% | -1300.18% | -1761.55% |
| Net Income Growth % | 30.49% | 32.39% | -1285.98% | 65.57% | -1.37% | - |
| Net Income (Continuing) | -19.08M | -17.59M | -7.68M | -1.88M | -5.44M | -5.39M |
| Discontinued Operations | 0 | 0 | -18.34M | 0 | -14.78K | 0 |
| Minority Interest | 11.03K | 11.03K | 7.45K | 3.05K | 2.61K | 13.6K |
| EPS (Diluted) | -3.60 | -5.75 | -0.58 | -0.03 | -3.25 | -0.13 |
| EPS Growth % | -122.36% | -891.38% | -1879.52% | 99.1% | -2400% | - |
| EPS (Basic) | - | -5.75 | -0.58 | -0.03 | -3.25 | -0.13 |
| Diluted Shares Outstanding | 5.3M | 3.05M | 44.63M | 42.69M | 1.7M | 40.01M |
| Basic Shares Outstanding | 5.3M | 3.05M | 44.63M | 42.69M | 1.7M | 40.01M |
| Dividend Payout Ratio | - | - | - | - | - | - |
High Operating Burn Rate
According to recent financial disclosures, reAlpha Tech Corp. has experienced erratic revenue fluctuations, with quarterly figures swinging from $20.4K in 2024Q1 to a peak of $1.4M in 2025Q3, highlighting the inherent instability of a transaction-based model dependent on sporadic property syndication events rather than recurring revenue streams.
The lack of consistent sequential growth suggests that the company's top-line performance is heavily tied to the timing of individual property funding rounds. Investors should monitor whether the firm can transition toward a more predictable, recurring revenue model, as the current reliance on episodic syndication creates significant forecasting uncertainty.
As reported in historical income statements, the company's gross margin profile has shifted dramatically from negative territory in 2024 to 65.7% in 2026Q1, reflecting the challenges of stabilizing costs within a business model that combines property acquisition expenses with nascent technology-driven platform service fees.
The extreme variance in gross margins indicates that the company has yet to achieve a stable cost-of-goods-sold structure. This volatility appears to be a byproduct of early-stage scaling, where the direct costs of property management and acquisition frequently overwhelm the revenue generated from platform services.
Based on the provided income statement data, reAlpha Tech Corp. continues to struggle with significant operating inefficiencies, as evidenced by a consistent operating margin that reached -349.38% in recent periods, indicating that overhead and personnel costs are scaling far faster than the company's ability to generate gross profit.
The persistent gap between gross profit and operating income suggests that the company's current administrative and development infrastructure is disproportionately large relative to its revenue base. Without a substantial increase in syndication volume, the firm may continue to face difficulty in achieving meaningful operating leverage.
Financial filings indicate that SG&A expenses have consistently outpaced revenue, with quarterly administrative costs reaching as high as $5.1M in 2025Q3, which underscores the heavy fixed-cost burden required to maintain the company's public listing and ongoing development of its proprietary AI-driven property identification platform.
The company's expense discipline appears challenged by the need to fund both aggressive marketing and technical development. This cost structure warrants further investigation, as the current burn rate suggests that the firm is prioritizing rapid expansion over the immediate attainment of operational self-sufficiency.
As highlighted by the company's financial history, the reliance on high-cost property syndication in a rising interest rate environment poses a significant risk, as the net margin of -389.38% suggests that the current business model may be fundamentally unsustainable without continuous external capital injections or rapid scale.
Short-term observers may focus on the potential for a liquidity crunch, given the disparity between the company's cash burn and its current revenue trajectory. The market should consider whether the 'AI' narrative is sufficient to offset the underlying economic realities of managing illiquid real estate assets in a volatile market.
Quick answers to the most common questions about buying AIRE stock.
For fiscal year 2025, reAlpha Tech Corp. Common Stock (AIRE) reported total revenue of $4.5M. This represents a 1379.6% increase compared to $0.3M in 2021.
reAlpha Tech Corp. Common Stock (AIRE) reported a net loss of $17.6M for the fiscal year ending 2025.
reAlpha Tech Corp. Common Stock (AIRE) reported an operating income of $-15.8M, resulting in an operating profit margin of -349.4%. This margin reflects the operational efficiency of the business before interest and taxes.
reAlpha Tech Corp. Common Stock (AIRE) generated $2.5M in gross profit for the year, representing a gross profit margin of 54.3%. This demonstrates the company's core pricing power and production efficiency.