reAlpha Tech Corp. AIRE
are a real estate technology company developing an end-to-end homebuying platform, which we have named reAlpha (hereinafter referred to
as the "reAlpha platform"). Our goal is to offer, through our AI-powered platform, a more affordable, streamlined experience
for those on the journey to homeownership. The reAlpha platform integrates AI-driven tools to offer, among others, tailored property recommendations,
an intuitive visual interface, and certain services, including realty services, mortgage brokering services, and digital title and escrow
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $948.4K | — | $419.4K | $305.4K | — |
| Cost of revenue | $2.1M | $302.1K | — | $293.2K | $167.2K | — |
| Gross profit | $2.5M | $646.3K | — | $126.2K | $138.2K | — |
| Total operating expenses | $18.5M | $7.5M | — | $5.1M | $5.0M | — |
| Operating income | -$16.0M | -$6.9M | — | -$4.9M | -$4.8M | — |
| Interest expense | $814.7K | $333.8K | — | $169.8K | $177.3K | — |
| Pre-tax income | -$17.6M | -$7.7M | -$1.0M | -$5.5M | -$5.4M | — |
| Income tax | — | $54.3K | — | — | — | — |
| Net income | -$17.6M | -$26.0M | — | -$5.5M | -$5.4M | — |
| EPS, basic | -0.23 | -0.58 | — | -0.13 | — | — |
| EPS, diluted | -0.23 | -0.58 | — | -0.13 | — | — |
| Shares, diluted (wtd. avg.) | $76.3M | $44.6M | — | $40.4M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $7.8M | $3.1M | $6.5M | $1.3M | $2.1M | $598.5K |
| Receivables | $68.1K | $182.4K | $30.6K | $68.1K | $133.8K | — |
| Total current assets | $9.8M | $4.0M | $7.4M | $4.7M | $2.4M | — |
| Property, plant and equipment | $64.6K | $102.6K | $328.5K | $2.2M | $3.8M | — |
| Goodwill | $7.5M | $4.2M | $90.0K | $5.1M | — | — |
| Other intangibles | $4.3M | $3.3M | $998.0K | — | — | — |
| Total assets | $21.7M | $12.0M | $27.4M | $21.1M | $6.9M | — |
| Accounts payable | $306.2K | $655.8K | $431.7K | $412.9K | $81.4K | — |
| Short-term debt | — | — | $190.1K | $7.1M | $8.2M | — |
| Total current liabilities | $3.6M | $4.1M | $2.1M | $7.7M | $12.2M | — |
| Long-term debt | — | — | $247.0K | — | — | — |
| Total liabilities | $9.2M | $10.4M | $2.7M | $7.9M | $12.2M | — |
| Retained earnings | -$56.0M | -$38.3M | -$12.2M | -$11.0M | -$5.5M | — |
| Total equity | $11.5M | $1.6M | $24.7M | $13.2M | -$5.3M | -$27.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$11.3M | -$6.0M | — | -$5.0M | -$5.4M | — |
| Depreciation and amortisation | $543.2K | $466.7K | $64.5K | $157.8K | $151.5K | — |
| Stock-based compensation | — | $108.7K | — | — | — | — |
| Capital expenditure | $42.9K | $12.5K | — | — | — | — |
| Investing cash flow | -$1.7M | -$1.6M | — | $1.1M | -$3.4M | — |
| Financing cash flow | $17.7M | $4.3M | — | $3.0M | $10.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-026653.
Others in SIC 6500
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CBRE | CBRE GROUP, INC. | $42.81B | 38.4x | 13.4% |
| TRNO | Terreno Realty Corp | $7.15B | 16.8x | 24.5% |
| MRP | Millrose Properties, Inc. | $5.32B | 13.1x | — |
| CIGI | Colliers International Group Inc. | $5.03B | 49.0x | 15.3% |
| CWK | Cushman & Wakefield Ltd. | $3.21B | 35.9x | 8.9% |
| CURB | Curbline Properties Corp. | $3.11B | 79.6x | 51.3% |
| UE | Urban Edge Properties | $2.64B | 28.4x | 6.1% |
| GTY | GETTY REALTY CORP /MD/ | $2.01B | 24.1x | 9.0% |