AIRE · 10-Q · 2026Q1

reAlpha Tech Corp.

Filed 2026-04-28 · Real Estate · View original filing on EDGAR

Ranked Events

• Liquidity and Cash PositionImportance 95 · Surprise 92
  Cash and cash equivalents declined to approximately $4.7 million as of March 31, 2026 from $7.8 million as of December 31, 2025 (≈40% decrease), and management estimates current resources are insufficient to meet…
• Total Transaction Volume IncreaseImportance 89 · Surprise 82
  The company’s trailing twelve-month total transaction volume rose to approximately $131.4 million as of March 31, 2026, representing a ~119% increase versus March 31, 2025, driven primarily by the expansion, scaling…
• AiChat Platform GrowthImportance 88 · Surprise 82
  AiChat’s conversational platform revenue increased materially, with subscription-related revenue rising to $218,589 in Q1 2026 from $109,552 in Q1 2025, supporting growth in the technology services segment. AiChat…
• Stock-based CompensationImportance 88 · Surprise 82
  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…
• Adjusted EBITDAImportance 88 · Surprise 82
  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…
• Operating Expense TrendsImportance 88 · Surprise 82
  Operating expenses rose to $4.83 million in Q1 2026, a ~64% increase YoY, driven primarily by higher wages from increased headcount following acquisitions and materially higher marketing and advertising spend.…
• Operating Cash Flow TrendsImportance 83 · Surprise 74
  Net cash used in operating activities was $(3,123,752) in Q1 2026 versus $(2,267,103) in Q1 2025, an increase in cash burn of $856,649. The increase in operating cash outflow was primarily driven by higher operating…
• Other Expense and Contingent ConsiderationImportance 76 · Surprise 82
  Other expense declined to $57,837 in Q1 2026 from $427,909 in Q1 2025, a reduction of $370,072 year-over-year. The decrease was primarily due to a reduction in the fair value of contingent consideration in the current…
• Proposed Merger with InstaMortgageImportance 75 · Surprise 60
  On December 19, 2025 the company entered into a Merger Agreement to acquire InstaMortgage for aggregate consideration of $8.5 million subject to closing adjustments, consisting of $500,000 cash on closing, $1.5 million…
• GEM Warrant DisputeImportance 71 · Surprise 60
  The company discloses ongoing disputes with GEM concerning warrants issued under the GEM Agreement, creating uncertainty about the enforceability of those warrants and the potential cash proceeds. The company notes…
• Deferred Acquisition ConsiderationImportance 71 · Surprise 60
  In connection with the Prevu acquisition, reAlpha is obligated to pay deferred consideration totaling $2.5 million, payable in four equal installments over an 18‑month period in cash or shares at the company’s…
• Total Transaction Volume GrowthImportance 71 · Surprise 82
  Total transaction volume (trailing twelve months) rose to approximately $131.4 million, a ~119% increase year‑over‑year, driven by the expansion, scaling and full integration of reAlpha Mortgage’s mortgage brokerage…
• Total Transaction VolumeImportance 71 · Surprise 82
  Trailing twelve-month total transaction volume increased to approximately $131.4 million as of March 31, 2026, up ~119% from $59.93 million as of March 31, 2025. Management attributes the increase primarily to the…
• Acquisition Deferred ConsiderationImportance 71 · Surprise 60
  In connection with the Prevu acquisition, the company is obligated to pay $2.5 million of deferred consideration payable in four equal installments of $625,000 over 18 months. On March 16, 2026 the company satisfied…
• Gross Margin DriversImportance 67 · Surprise 58
  Gross profit margin increased to approximately 66% in Q1 2026, up ~10 percentage points year‑over‑year, primarily due to lower cost of revenues after the rescission of GTG Financial and a higher mix of AiChat…
• Acquisitions and Deferred ConsiderationImportance 64 · Surprise 42
  In connection with the Prevu acquisition, the company is obligated to pay deferred consideration totaling $2.5 million under the Prevu Merger Agreement, payable in four equal installments of $625,000 over an 18-month…
• Interest Rate and Refinancing ExposureImportance 55 · Surprise 32
  The company reports that 30-year fixed mortgage rates were nearly 6.5% by the end of Q1 2026, up from a low of 5.99% prior to the Middle East conflict, which has constrained affordability and weighed on mortgage…
• Revenue Performance and MixImportance 43 · Surprise 32
  Revenue was $841,062 for Q1 2026 versus $925,635 for Q1 2025, a decrease of ~9% year-over-year. Homebuying services generated $577,473 in Q1 2026 compared to $752,070 in Q1 2025, a decline primarily from the absence of…
• Geographic Expansion and CoverageImportance 35 · Surprise 30
  All three integrated homebuying services (realty, mortgage brokering, title) are currently available only in Florida and Virginia; two of three services are offered in eight additional states; and at least one service…
• Inflation and Monetary PolicyImportance 25 · Surprise 30
  U.S. inflation rose to 3.3% year-over-year in March 2026 (up from 2.7% in December 2025), and the Federal Reserve lowered the target federal funds rate by 25 basis points to 3.5%–3.75% at its December 2025 meeting.…

Revenue by Product (in dollars)