AIRE · 10-Q · 2026Q1 · Full report
Adjusted EBITDA
reAlpha Tech Corp. · 2026-04-28 · Importance 88 · Surprise 82 · In source text
Adjusted EBITDA worsened to $(3,795,500) in Q1 2026 from $(1,960,997) in Q1 2025, a decrease of ~94% year-over-year. Management states the decline was primarily driven by higher stock-based compensation and higher marketing expenses in the quarter. The company reconciles Adjusted EBITDA to GAAP net loss by excluding items including $165,202 of depreciation and amortization and $343,963 of stock-based compensation in Q1 2026. Management uses Adjusted EBITDA to evaluate operating performance but notes limitations and provides a reconciliation in the filing.
Key facts
- Decrease in Adjusted EBITDA was approximately 94% primarily driven by higher stock-based compensation expenses and higher marketing expenses. source
- Adjusted EBITDA for the three months ended March 31, 2026: $(3,795,500). source
- Adjusted EBITDA for the three months ended March 31, 2025: $(1,960,997). source
- Depreciation and amortization excluded in reconciliation: $165,202 for the three months ended March 31, 2026. source
- Net loss for the three months ended March 31, 2026: $(4,338,495). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -451.3% | Adjusted EBITDA for the three months ended March 31, 2026: $(3,795,500). |
| operating_income | negative | realized | -19.6% | Depreciation and amortization excluded in reconciliation: $165,202 for the three months ended March 31, 2026. |