AIRE · 10-Q · 2026Q1 · Full report

Stock-based Compensation

reAlpha Tech Corp. · 2026-04-28 · Importance 88 · Surprise 82 · Matches filing data

Stock-based compensation expense was $343,963 in Q1 2026 versus $78,355 in Q1 2025, an increase of $265,608 year-over-year. Management links the higher non-cash stock-based compensation to additional RSU and common stock grants to employees and directors during integration and growth activities. The higher stock-based compensation was a material driver of the deterioration in Adjusted EBITDA and contributed to increased operating cash usage (through non-cash compensation-related impacts on public filings and equity dilution). The filing discloses the stock-based compensation amount in the Adjusted EBITDA reconciliation and describes it as non-cash.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
operating_incomenegativerealized-40.9%Stock-based compensation excluded in Adjusted EBITDA reconciliation for the three months ended March 31, 2026: $343,963.