reAlpha Tech Corp.

Listed Company

AIRECIK 0001859199NasdaqEmerging GrowthReal EstateDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.52M

Net Income

$-17.59M

Total Assets

$21.72M

Equity

$11.49M

Shares Out

134.12M

Op. Cash Flow

$-11.26M

Business

reAlpha Tech Corp. is a real estate technology company developing an end-to-end, commission-free homebuying platform called reAlpha. Its products and services include an AI buyer’s agent (Claire), personalized property recommendations, mortgage brokering, digital title and escrow services, GENA content-generation tools, and AiChat’s conversational customer-experience platform. The company reports a single technology services segment encompassing its proprietary platform and acquired subsidiaries (AiChat, Naamche, Hyperfast, Be My Neighbor, GTG Financial) after discontinuing its short-term rental operations. It distributes services via a 24/7 web platform and iOS Super App, sells AiChat subscriptions in the APAC region, and currently limits full reAlpha homebuying availability to 20 counties in Florida while offering mortgages in 30 U.S. states and title services in 3 states.

Summary from filing dated 2025-04-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-04-30
Revenues	5	948,420	419,412
Cost of revenues	2	302,084	293,204
Gross Profit	2	646,336	126,208
Wages, benefits and payroll taxes	7	3	1
Marketing and advertising	6	793,004	2
Professional and legal fees	3	2	1
Depreciation and amortization	543,170	282,095	157,802
Impairment of capitalized software	220,016	202,968	—
Other operating expense	2	1	159,166
Total operating expense	18	8	5
Operating Loss	−16	−7	−5
Changes in fair value of contingent consideration	−604,123	—	—
Interest expense, net	814,727	333,759	−169,776
Change in fair value of preferred stock embedded derivative liability	456,325	—	—
Loss on debt extinguishment	438,834	—	—
Amortization of commitment fee	406,250	500,000	—
Other expense, net	71,421	601	—
Total other expense	2	834,360	—
Net Loss from continuing operations before income taxes	−18	−8	−5
Income tax benefit	—	−54,260	—
Net Loss from continuing operations	−18	−8	−5
Loss from operations of discontinued operations	—	−261,242	−14,776
Impairment of goodwill and intangible assets of discontinued operations	—	−18	—
Loss on discontinued operations	—	−18	−14,776
Net Loss	−18	−26	−5
Less: Net Income Attributable to Non-Controlling Interests	3,576	679	726
Net Loss Attributable to Controlling Interests	−18	−26	−5
Preferred stock dividends	122,877	—	—
Net Loss Attributable to Common Stockholders	−18	−26	—
Foreign currency translation adjustments	−132,900	5,011	—
Total other comprehensive (loss) income	−132,900	5,011	—
Comprehensive Loss Attributable to Controlling Interests	−18	−26	−5
Continuing operations (in Dollars per share)	−0.23	−0.17	−0.13
Discontinued operations (in Dollars per share)	—	−0.41	0
Net Loss per share basic (in Dollars per share)	−0.23	−0.58	−0.13
Continuing operations (in Dollars per share)	−0.23	−0.17	−0.13
Net loss per share diluted (in Dollars per share)	−0.23	−0.58	−0.13
Weighted-average outstanding shares basic (in Shares)	76	45	40
Weighted-average outstanding shares diluted (in Shares)	76	45	40

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-05-31	FY 2023 2023-12-31	FY 2023 2023-04-30
Cash	8	3	—	6	—
Accounts receivable, net	68,148	182,425	—	30,630	—
Prepaid expenses	961,411	180,158	—	242,795	—
Current assets of discontinued operations	—	56,931	—	88,036	—
Other current assets	362,293	487,181	—	582,463	—
Escrow deposit	600,000	—	—	—	—
Total current assets	10	4	—	7	—
Property and equipment, net	64,626	102,638	—	328,539	—
Investments	111,646	215,000	—	115,000	—
Other long-term assets	—	31,250	—	406,250	—
Intangible assets, net	4	3	—	—	—
Goodwill	7	4	90,000	—	—
Capitalized software development - work in progress	—	105,900	—	839,085	—
TOTAL ASSETS	22	12	—	27	—
Accounts payable	306,216	655,765	—	431,700	—
Accrued expenses	660,577	1	—	799,624	—
Deferred liabilities - current portion	2	1	—	593,750	—
Deferred revenue	396,227	278,908	—	—	—
Total current liabilities	4	4	—	2	—
Preferred stock embedded derivative liability	5	—	—	—	—
Note payable, net of discount	—	5	—	—	—
Deferred consideration - net of current portion	561,740	—	—	—	—
Contingent consideration	344,877	1	—	—	—
Total liabilities	9	10	—	3	—
Redeemable Series A Convertible Preferred Stock, $0.001 par value; 5,000,000 shares authorized, of which 1,000,000 shares are designated as Series A Convertible Preferred Stock; 250,000 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	1	—	—	—	—
Common stock ($0.001 par value; 200,000,000 shares authorized, 131,740,675 shares outstanding as of December 31, 2025; 200,000,000 shares authorized, 45,864,503 shares outstanding as of December 31, 2024)	131,741	45,865	—	44,123	—
Additional paid-in capital	67	40	—	37	—
Accumulated deficit	−56	−38	—	−12	—
Accumulated other comprehensive (loss) income	−127,889	5,011	—	—	—
Total stockholders equity of reAlpha Tech Corp.	11	2	—	25	—
Non-controlling interests in consolidated entities	11,025	7,449	—	3,050	—
Total stockholders equity	12	2	—	25	13
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS EQUITY	22	12	—	27	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-04-30
Depreciation and amortization	543,170	466,691	157,802
Impairment of capitalized software	220,016	145,746	—
Impairment of goodwill and intangible assets	—	18	—
Amortization of loan discounts	545,624	181,875	—
Common stock issued to non - employee	2,526	—	—
Stock-based compensation - employees	859,950	207,453	—
Stock-based compensation - services	—	108,730	—
Change in fair value of contingent consideration	−604,123	—	—
Loss on extinguishment of debt	438,834	—	—
Change in fair value of preferred stock embedded derivative liability	456,325	—	—
Non-cash commitment fee expenses	406,250	500,000	—
Non-cash marketing and advertising	4	—	—
Non-cash compensation expense - GTG Financial	106,000	—	—
Gain on previously held equity	—	−20,663	—
Loss (gain) on deconsolidation	−94,071	—	—
Loss (gain) on sale of fixed assets	52,858	301	—
Impairment of equity investments - measurement alternative	90,000	—	—
Loss from equity method investment	13,354	—	—
Interest accretion on deferred consideration - Prevu	20,404	—	—
Accounts receivable	114,277	−16,437	65,696
Receivable from related parties	12,873	−12,873	−20,874
Prepaid expenses	−187,824	−56,241	96,038
Other current assets	−292,258	62,637	−81,689
Accounts payable	−491,751	−19,773	235,433
Payable to related parties	−3,633	58,756	—
Accrued expenses	−404,876	−185,118	60,741
Deferred revenue	117,319	278,080	—
Total adjustments	6	20	490,330
Net cash used in operating activities	−11	−6	−5
Additions to property and equipment	−42,896	−12,533	—
Proceeds from sale of properties	—	293,307	2
Cash paid for acquisitions, net of cash acquired	−1	−1	−25,000
Cash deposited into escrow in connection with acquisitions	−500,000	—	—
Cash paid for equity method investment	—	−50,000	—
Cash used for additions to capitalized software	−176,143	−516,544	−452,451
Net cash used in investing activities	−2	−2	1
Proceeds from issuance of debt	155,481	6	247,000
Prepayment penalty	−368,769	—	—
Proceeds from issuance of common stock	26	—	4
Payments of debt	−6	−1	—
Contingent consideration paid-reAlpha Nepal	−137,000	—	—
Payment of commitment fee	−1	—	—
Deferred financing cost	—	−727,500	—
Equity issuance expenses	−941,742	—	—
Net cash provided by financing activities	18	4	3
Net increase in cash	5	−3	−838,533
Effect of exchange rate changes on cash	13,509	—	—
Interest expense	−468,726	−58,897	−169,776
Preferred stock issuance - MMC transaction (in Shares)	5	—	—
Non-cash conversion of debt to equity - Streeterville Capital, LLC	740,064	—	—
Issuance of common stock - Prevu (in Shares)	1	—	—
Issuance of common stock - AiChat (in Shares)	180,525	—	—
Issuance of warrants to placement agents in connection with equity offerings	299,768	—	—
Deferred consideration - Prevu	2	—	—

Filings

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