AIRENasdaqReal EstateUS GAAP · USD

reAlpha Tech Corp.

reAlpha Tech Corp. is a U.S.-based real estate technology company built around an AI-powered homebuying platform that combines property search, realty services, mortgage brokering, and digital title and escrow services. The company also operates technology services businesses, including software development and an AI conversational platform, through subsidiaries in the U.S., Nepal, India, and Singapore.

Kysy yhtiöstä
Liikevaihto4,5milj. USD
+376,4 %v/v
Liikevoitto (EBIT)−16,0milj. USD
−131,9 %v/v
EBIT-marginaali−354,3%
+373,5 %-yks.v/v
Nettotulos−17,6milj. USD
+32,4 %v/v
Vapaa kassavirta−11,3milj. USD
−86,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−20−15−10−505milj. USD2022: 0,31 milj. USD2022: EBIT −4,8 milj. USD20222023: 0,42 milj. USD2023: EBIT −4,9 milj. USD20232024: 0,95 milj. USD2024: EBIT −6,9 milj. USD20242025: 4,5 milj. USD2025: EBIT −16 milj. USD20254,5−16
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: reAlpha Tech Corp.

Liiketoiminta

Osuus liikevaihdosta
Homebuying services70 %

Realty, mortgage brokering, title, and escrow services delivered through the reAlpha platform.

Technology services30 %

Software development, AI tools, and subscription-based conversational AI services.

Tuotteet

Raportoitu · osuus liikevaihdosta
77,5%22,5%FY2025100 %
  • Homebuying Services77,5 %
  • Technology Services22,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company serves homebuyers who want an integrated digital path from property discovery through closing, with services centered on the reAlpha platform. It also serves enterprise customers that use AiChat’s conversational AI technology, as well as business clients that purchase software development and support services. A portion of demand comes through acquired subsidiaries that provide mortgage brokerage and related homebuying services in licensed U.S. states.

Homebuyers

Buy integrated realty, mortgage, title, and escrow services to simplify the home purchase process.

Mortgage borrowers

Use the company's brokerage channels to find and originate home loans matched to their needs.

Enterprise AI customers

Subscribe to AiChat's conversational AI platform for customer engagement and automation.

Business software clients

Purchase software development and technology support services from the company's technology subsidiaries.

Strategia

The company is focused on building an end-to-end homebuying platform by combining real estate, mortgage, title, and AI-enabled workflow tools into one customer journey. It is also expanding through acquisitions and integration of complementary businesses to add licensed services, technology capabilities, and geographic reach. A second strategic pillar is commercializing AI and software services beyond the homebuying platform through enterprise customers and technology subsidiaries.

Expand licensed homebuying servicesKeskipitkä aikaväli

Broader state licensing increases the addressable market for the platform and standalone services.

Integrate acquisitions into one platformLyhyt aikaväli

Combining acquired businesses can deepen service coverage and improve cross-sell across the homebuying journey.

Commercialize AI and software servicesKeskipitkä aikaväli

External technology revenue diversifies the business beyond residential transaction services.

Maantiede

reAlpha is headquartered in the United States and generates most of its business through U.S. homebuying and mortgage services. Its platform is currently available in limited U.S. states and counties, while mortgage brokerage and title services operate across multiple licensed states. The company also maintains offshore and international operating support in Nepal, India, and Singapore to support technology development, back-office functions, and enterprise software services.

Riskit

The business depends on successful licensing, platform adoption, and the ability to integrate acquisitions into a coherent operating model. It also faces execution risk from AI development, cybersecurity, MLS data access, and reliance on internet-based systems and third-party providers. As a small-cap growth company, it is additionally exposed to dilution, listing-compliance risk, and the volatility typical of early-stage transaction and software businesses.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dilution and capital market dependence1Platform and licensing expansion risk2AI implementation and cybersecurity risk3MLS and data access compliance5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dilution and capital market dependenceVaikutus: KorkeaTodennäköisyys: Korkea

    The company has relied on equity-linked financing and may need additional capital to fund growth.

    Kohdistuu: Corporate financing

  2. Platform and licensing expansion riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The full platform is only available in limited geographies and requires state-by-state licensing to expand.

    Kohdistuu: U.S. state licensing

  3. AI implementation and cybersecurity riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business relies on AI tools, internet-based systems, and sensitive customer data.

    Kohdistuu: AI platform and enterprise software

  4. Limited operating historyVaikutus: Korkea

    The company has a short track record as an integrated platform business, so outcomes are harder to forecast.

    Kohdistuu: Company-wide

  5. MLS and data access complianceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Real estate listing data is essential to the platform and depends on third-party rules and agreements.

    Kohdistuu: Realty services

Kysy Clarifolta: reAlpha Tech Corp.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition by service type

Mortgage brokerage, title/escrow, and software subscriptions may follow different timing rules under ASC 606.

Vaikutus: Affects quarterly revenue timing and comparability

Goodwill and intangible asset impairment

Acquisitions and discontinued operations create impairment exposure if expected cash flows weaken.

Vaikutus: Can create large non-cash charges

Fair value estimates in acquisitions and investments

The company has acquired and invested in multiple businesses, requiring valuation judgments.

Vaikutus: Affects purchase accounting and future earnings

Discontinued operations accounting

The prior short-term rental business was discontinued and separated from continuing operations.

Vaikutus: Changes comparability of historical results

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Päivitetty: 24.9.2026

reAlpha Tech Corp. (AIRE) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo