1.Sales and profit
See section β- reAlpha Tech Corp. had $4.5M of revenue in fiscal 2025.
- Its operating margin was β354.3%: of every 100 in sales, about β354 is left after running the business.
- reAlpha Tech Corp. lost $17.6M in fiscal 2025.
reAlpha Tech Corp.
AIRE Nasdaq Real Estate Financials FY2021βFY2025
reAlpha Tech Corp. had $4.5M of revenue in fiscal 2025.
- Today
- 11.6%
- Previous close
- $0.99
- Market cap
- $4.7M
- P/E
- 0.5x
- 52-week range
-
$0.80 $19.39
Last close Β· Oct 26, 2026
$0.88
β$18.25 (β95.42%) past year
KIRAβs summary AI analyst
Hi! I read reAlpha Tech Corp.βs latest annual report (fiscal 2025). Here is what stands out:
3 to watch
2.Cash and shareholders
See section β- Free cash flow was β$11.3M in fiscal 2025, β250.2% of revenue.
- In the last 12 months, insiders sold $0.0M of shares on the open market and bought none.
reAlpha Tech Corp. in 30 seconds
Good So-so Weak
Weak
Does it make a profit?
β389.4%
No. It lost money last year.
Weak
Does profit turn into cash?
β250.2%
No. It spent more cash than it brought in.
For information
How is the share priced?
0.5x
One share costs 0.5 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$4.7M
Oct 26 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
0.5x
On $1.60 EPS (TTM)
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA summarises the numbers
-
reAlpha Tech Corp. had $4.5M of revenue in fiscal 2025.
-
Its operating margin was β354.3%: of every 100 in sales, about β354 is left after running the business.
Revenue
FY21
Revenue $0.3M
FY22
Revenue $0.4M
FY24
Revenue β
FY25
Revenue $4.5M
Revenue
Q1 '22
Revenue β
Q2 '22
Revenue $0.1M
Q4 '22
Revenue $0.1M
Q1 '24
Revenue $0.1M
Q2 '24
Revenue $0.0M
Q4 '24
Revenue $0.3M
Q1 '25
Revenue $0.9M
Q2 '25
Revenue $1.3M
Q3 '25
Revenue $1.4M
Q4 '25
Revenue $0.9M
Q1 '26
Revenue $0.8M
Q2 '26
Revenue $1.1M
Margins, % of revenue
FY21
Gross 45.3%
Operating β1,581.2%
Net β1,761.4%
FCF β
FY22
Gross 30.1%
Operating β1,176.3%
Net β1,300.2%
FCF β
FY24
Gross β
Operating β
Net β
FCF β
FY25
Gross 54.3%
Operating β354.3%
Net β389.4%
FCF β250.2%
Gross
Operating
Net
FCF
Margins, % of revenue
Q1 '22
Gross β
Operating β
Net β
FCF β
Q2 '22
Gross 24.3%
Operating β1,345.2%
Net β1,408.6%
FCF β
Q4 '22
Gross 36.5%
Operating β712.0%
Net β775.5%
FCF β
Q1 '24
Gross 44.5%
Operating β1,431.6%
Net 8,837.8%
FCF β
Q2 '24
Gross 9.3%
Operating β12,508.4%
Net β12,695.2%
FCF β
Q4 '24
Gross 66.6%
Operating β479.1%
Net β618.7%
FCF β
Q1 '25
Gross 56.0%
Operating β261.7%
Net β307.9%
FCF β246.4%
Q2 '25
Gross 49.6%
Operating β326.5%
Net β384.8%
FCF β187.5%
Q3 '25
Gross 51.9%
Operating β342.5%
Net β400.2%
FCF β294.1%
Q4 '25
Gross 62.7%
Operating β513.3%
Net β541.6%
FCF β270.9%
Q1 '26
Gross 65.7%
Operating β508.9%
Net β515.8%
FCF β377.0%
Q2 '26
Gross 66.0%
Operating β260.7%
Net β274.6%
FCF β213.0%
Gross
Operating
Net
FCF
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Net income and earnings per share
Loss periods are shown in red.
KIRA summarises the numbers
-
reAlpha Tech Corp. lost $17.6M in fiscal 2025.
Net income
FY21
Net income β$5.4M
FY22
Net income β$5.5M
FY24
Net income β
FY25
Net income β$17.6M
Net income
Q1 '22
Net income β$1.0M
Q2 '22
Net income β$1.6M
Q4 '22
Net income β$0.9M
Q1 '24
Net income $4.8M
Q2 '24
Net income β$4.3M
Q4 '24
Net income β$2.1M
Q1 '25
Net income β$2.8M
Q2 '25
Net income β$4.8M
Q3 '25
Net income β$5.8M
Q4 '25
Net income β$4.8M
Q1 '26
Net income β$4.3M
Q2 '26
Net income β$3.0M
Diluted EPS
FY21
Diluted EPS β
FY22
Diluted EPS β$0.13
FY24
Diluted EPS β
FY25
Diluted EPS β$0.23
Diluted EPS
Q1 '22
Diluted EPS β
Q2 '22
Diluted EPS β$0.04
Q4 '22
Diluted EPS β$0.02
Q1 '24
Diluted EPS $0.11
Q2 '24
Diluted EPS β$0.10
Q4 '24
Diluted EPS β$0.05
Q1 '25
Diluted EPS β$0.06
Q2 '25
Diluted EPS β$2.37
Q3 '25
Diluted EPS β$0.07
Q4 '25
Diluted EPS $2.27
Q1 '26
Diluted EPS β$0.03
Q2 '26
Diluted EPS β$0.57
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
Cash from operations minus capital spending.
KIRA summarises the numbers
-
Free cash flow was β$11.3M in fiscal 2025, β250.2% of revenue.
Free cash flow
FY21
Free cash flow β
FY22
Free cash flow β
FY24
Free cash flow β
FY25
Free cash flow β$11.3M
Free cash flow
Q1 '22
Free cash flow β
Q2 '22
Free cash flow β
Q4 '22
Free cash flow β
Q1 '24
Free cash flow β
Q2 '24
Free cash flow β
Q4 '24
Free cash flow β
Q1 '25
Free cash flow β$2.3M
Q2 '25
Free cash flow β$2.3M
Q3 '25
Free cash flow β$4.3M
Q4 '25
Free cash flow β$2.4M
Q1 '26
Free cash flow β$3.2M
Q2 '26
Free cash flow β$2.4M
Cash from operations vs capital spending
FY21
Cash from operations β$5.4M
Capital spending β
FY22
Cash from operations β$5.0M
Capital spending β
FY24
Cash from operations β
Capital spending β
FY25
Cash from operations β$11.3M
Capital spending $0.0M
Cash from operations
Capital spending
Cash from operations vs capital spending
Q1 '22
Cash from operations β
Capital spending β
Q2 '22
Cash from operations β
Capital spending β
Q4 '22
Cash from operations β$1.6M
Capital spending β
Q1 '24
Cash from operations β
Capital spending β
Q2 '24
Cash from operations β
Capital spending β
Q4 '24
Cash from operations β$1.5M
Capital spending β
Q1 '25
Cash from operations β$2.3M
Capital spending $0.0M
Q2 '25
Cash from operations β$2.3M
Capital spending $0.0M
Q3 '25
Cash from operations β$4.2M
Capital spending $0.0M
Q4 '25
Cash from operations β$2.4M
Capital spending $0.0M
Q1 '26
Cash from operations β$3.1M
Capital spending $0.0M
Q2 '26
Cash from operations β$2.4M
Capital spending $0.0M
Cash from operations
Capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Dividends, buybacks and share count
Dividends and buybacks
FY21
Dividends β
Buybacks β
FY22
Dividends β
Buybacks β
FY24
Dividends β
Buybacks β
FY25
Dividends β
Buybacks β
Dividends
Buybacks
Diluted shares outstanding (annual)
FY21
Diluted shares β
FY22
Diluted shares 0.04B
FY24
Diluted shares β
FY25
Diluted shares 0.08B
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
-
In the last 12 months, insiders sold $0.0M of shares on the open market and bought none.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
2 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Giri DevanurExecutive Chairman, Director, 10% owner | Sold | 1,999 | $1.54 | $0.0M | Form 4 |
| Aug 11, 2026 | Michael J. LogozzoCEO and Director, Director | Sold | 1,639 | $1.50 | $0.0M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Cash, debt and the ratios that show how comfortably reAlpha Tech Corp. can carry it.
Cash vs debt (incl. leases)
FY21
Cash $2.1M
Debt $8.2M
FY22
Cash $1.3M
Debt $7.1M
FY24
Cash $3.1M
Debt $0.8M
FY25
Cash $7.8M
Debt β
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Cash and short-term investments | $2.1M | $1.3M | $3.1M | $7.8M |
| Debt incl. finance leases | $8.2M | $7.1M | $0.8M | β |
| Debt / equity | β | 0.5x | 0.5x | β |
| Interest coverage | β27.2x | β29.1x | β | β19.6x |
| Current ratio | 0.2x | 0.6x | 1.0x | 2.7x |
| Quick ratio | 0.2x | 0.6x | 1.0x | 2.7x |
| Total assets | $6.9M | $21.1M | $12.0M | $21.7M |
| Total liabilities | $12.2M | $7.9M | $10.4M | $9.2M |
| Shareholders' equity | β$5.3M | $13.2M | $1.6M | $11.5M |
| Net debt (β = net cash) | $6.2M | $5.8M | β$2.4M | β |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Return on capital, equity and assets (annual)
FY21
Return on capital β462.3%
Return on equity β
Return on assets β78.1%
FY22
Return on capital β20.5%
Return on equity β139.3%
Return on assets β39.0%
FY24
Return on capital β
Return on equity β
Return on assets β
FY25
Return on capital β
Return on equity β269.6%
Return on assets β104.4%
Return on capital
Return on equity
Return on assets
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY21 | FY22 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | β / 3 | 4 / 8 | β / 4 |
| Accruals ratio | β0.0% | β3.5% | β37.6% |
| Altman Z'' | β17.17 | β2.47 | β10.19 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
All figures
Every number, year by year.
4 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
| Fiscal year | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $0.3M | $0.4M | β | $4.5M |
| Gross profit | $0.1M | $0.1M | β | $2.5M |
| Operating income | β$4.8M | β$4.9M | β | β$16.0M |
| Interest expense | $0.2M | $0.2M | β | $0.8M |
| Pretax income | β$5.4M | β$5.5M | β | β$17.6M |
| Net income | β$5.4M | β$5.5M | β | β$17.6M |
| Net income to common | β | β | β | β$17.7M |
| Diluted EPS | β | β$0.13 | β | β$0.23 |
| Diluted shares | β | 0.04B | β | 0.08B |
| Cash flow | ||||
| Cash from operations | β$5.4M | β$5.0M | β | β$11.3M |
| Capital expenditure | β | β | β | $0.0M |
| Free cash flow | β | β | β | β$11.3M |
| Depreciation and amortization | $0.2M | $0.2M | β | $0.5M |
| Stock-based compensation | β | β | β | $0.9M |
| Acquisitions | β | $0.0M | β | $1.0M |
| Balance sheet | ||||
| Cash and short-term investments | $2.1M | $1.3M | $3.1M | $7.8M |
| Total debt | $8.2M | $7.1M | $0.8M | β |
| Current assets | $2.4M | $4.7M | $4.0M | $9.8M |
| Current liabilities | $12.2M | $7.7M | $4.1M | $3.6M |
| Property and equipment, net | $3.8M | $2.2M | $0.1M | $0.1M |
| Goodwill | β | $5.1M | $4.2M | $7.5M |
| Intangible assets | β | β | $3.3M | $4.3M |
| Total assets | $6.9M | $21.1M | $12.0M | $21.7M |
| Total liabilities | $12.2M | $7.9M | $10.4M | $9.2M |
| Preferred stock | β | β | $0.0M | β |
| Shareholders' equity | β$5.3M | $13.2M | $1.6M | $11.5M |
| Margins | ||||
| Gross margin | 45.3% | 30.1% | β | 54.3% |
| Operating margin | β1,581.2% | β1,176.3% | β | β354.3% |
| EBITDA margin | β1,531.6% | β1,138.7% | β | β342.2% |
| Net margin | β1,761.4% | β1,300.2% | β | β389.4% |
| FCF margin | β | β | β | β250.2% |
| Returns | ||||
| Return on capital | β462.3% | β20.5% | β | β |
| Return on capital employed | 90.8% | β36.8% | β | β88.5% |
| Return on equity | β | β139.3% | β | β269.6% |
| Return on assets | β78.1% | β39.0% | β | β104.4% |
| Return on tangible equity | β | β67.9% | β | β |
| Growth | ||||
| Revenue growth | β | 37.3% | β | β |
| Financial health | ||||
| Debt / equity | β | 0.5x | 0.5x | β |
| Interest coverage | β27.2x | β29.1x | β | β19.6x |
| Current ratio | 0.2x | 0.6x | 1.0x | 2.7x |
| Quick ratio | 0.2x | 0.6x | 1.0x | 2.7x |
| Capital allocation | ||||
| Capex / revenue | β | β | β | 0.9% |
| Stock comp / revenue | β | β | β | 19.0% |
| Quality scores | ||||
| Piotroski F-score | β | 4.0 | β | β |
| Altman Z'' | β17.2 | β2.5 | β | β10.2 |
| Accruals ratio | β0.0% | β3.5% | β | β37.6% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001859199). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.