AIRE reAlpha Tech Corp.

BEARISH Impact: 6/10 8-K
Horizon weeks Filed Apr 28, 2026 Processed 22d 12h ago SEC 0001213900-26-048245
8-K Item 2.02: Earnings release

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Executive Summary

reAlpha Tech Corp. reported Q1 2026 revenue of $0.8M, down 9% YoY from $0.9M, and a GAAP net loss of $4.3M, wider than the $2.9M loss in Q1 2025. The company also adopted an amended short-term incentive plan (STIP) with revised performance targets. Revenue decline and widening losses are the dominant signals, making this a bearish filing despite the STIP being a routine compensation arrangement.

Key Financial Metrics

Gross Margin
65.7%

Actionable Insight

Revenue decline and widening losses signal deteriorating fundamentals despite the company's narrative of platform scaling. With only $4.7M cash and a quarterly cash burn of $3.1M, the company likely needs additional capital within 2-3 quarters. Monitor for equity or debt financing announcements and the next 10-Q for any going concern language.

Key Facts

  • Q1 2026 revenue decreased 9% YoY to $0.8M from $0.9M
  • GAAP net loss widened to $4.3M from $2.9M in Q1 2025
  • Adjusted EBITDA loss widened to $(3.8)M from $(2.0)M
  • Cash burn: operating cash flow was $(3.1)M vs $(2.3)M a year ago
  • Cash balance fell to $4.7M from $7.8M at year-end 2025
  • Total Transaction Volume (TTM) grew 119% to $131.3M, a non-GAAP metric
  • Compensation Committee adopted an amended 2025 Short-Term Incentive Plan (STIP) on April 23, 2026
  • No guidance provided in the filing

Financial Impact

Revenue declined ~$85K YoY; net loss increased by ~$1.4M; cash burn rate accelerated by ~$0.8M vs prior year quarter

revenuenet lossoperating cash flowadjusted EBITDA

Risk Factors

  • Cash runway: $4.7M cash with $3.1M quarterly operating cash burn suggests ~1.5 quarters of liquidity
  • Revenue decline: 9% YoY drop in a spring homebuying season is a negative signal
  • No guidance provided, increasing uncertainty about near-term trajectory
  • Dilution risk: shares outstanding increased from 45.9M to 132.4M YoY, a 188% increase

Market Snapshot

Exchange
Nasdaq
Sector
Real Estate
Analyst Consensus
75% bullish (8 analysts)

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001213900-26-048245
Document: ea028765801ex10-1.htm0001213900-26-048245
Document: ea0287658-8k_realpha.htm0001213900-26-048245
Document: 0001213900-26-048245-index-headers.html0001213900-26-048245
Document: 0001213900-26-048245-index.html0001213900-26-048245
Document: 0001213900-26-048245.txt0001213900-26-048245
8-K Data (Synthetic)0001213900-26-048245
3 reports for AIRE
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Apr 28, 2026
22d ago
Press Release
NEUTRAL ★ 4/10
$4.45 $3.27▼ −26.52%▼ −28.21%$2.16 (−51.46%)
Apr 28, 2026
22d ago
8-K
BEARISH ★ 6/10
—awaiting T+5——
Mar 12, 2026
9w ago
Press Release
MIXED ★ 6/10
$7.53 $0.3130▼ −95.84%▼ −94.86%$2.16 (−71.30%)
Showing 3 of 3

US Market Status

Market Closed — Opens Thu (< 1m)

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