reAlpha Tech Corp. SEC 10-Q Report
reAlpha Tech Corp., a company specializing in AI-based technology services for various industries, has released its Form 10-Q report for the third quarter of 2025. The report highlights substantial growth in financial performance and significant advancements in its business operations, particularly in the development and expansion of its AI-powered homebuying platform.
Financial Highlights
Revenues: reAlpha Tech Corp. reported revenues of $1.45 million for the three months ended September 30, 2025, a significant increase from $0.34 million for the same period in 2024, reflecting robust growth in sales.
Gross Profit: The company's gross profit for the three months ended September 30, 2025, was $0.75 million, up from $0.23 million in the same period in 2024, indicating improved profitability.
Operating Loss: reAlpha Tech Corp. experienced an operating loss of $(4.95) million for the three months ended September 30, 2025, compared to $(1.63) million for the same period in 2024, highlighting increased operating expenses.
Net Loss: The net loss for the three months ended September 30, 2025, was $(5.78) million, compared to $(2.10) million for the same period in 2024, due to higher operating and other expenses.
Net Loss per Share — Basic: The net loss per share was $(0.07) for the three months ended September 30, 2025, compared to $(0.05) for the same period in 2024, reflecting the impact of the increased net loss on a per-share basis.
Business Highlights
Technology Services Segment: reAlpha Tech Corp. operates as a single reportable segment focused on technology services, which includes AI-based products and services for various industries such as real estate, retail, hospitality, and education. The segment is centered around the development and enhancement of the reAlpha platform.
reAlpha Platform: The reAlpha platform is an AI-powered homebuying solution that integrates realty services, mortgage brokering, and digital title and escrow services. It is designed to simplify the home purchase process and is currently available in Florida, with plans to expand nationwide by the end of 2026.
AI Integration: The company differentiates itself by integrating AI into its technologies, including 'Claire,' an AI agent that acts as a digital homebuying concierge, and a proprietary AI-powered 'Loan Officer Assistant' to streamline mortgage operations.
Geographical Expansion: reAlpha Tech Corp. offers mortgage brokering services in 31 U.S. states, including recent expansions into Utah and Nevada. Digital title and escrow services are available in 3 U.S. states.
Commission Refund Model: The reAlpha platform offers a commission refund model, providing up to 75% of buy-side brokerage commissions as a rebate to homebuyers using the platform's integrated services. This model is currently in a testing phase in Florida.
Acquisitions and Growth Strategy: The company continues to pursue strategic acquisitions to enhance its platform and expand its service offerings. Recent acquisitions include Naamche, AiChat, Hyperfast, and reAlpha Mortgage, which have added new capabilities and potential revenue streams.
Future Outlook: reAlpha Tech Corp. plans to expand the reAlpha platform's capabilities nationwide by the end of 2026, subject to obtaining necessary licenses and building scalable technology infrastructure. It also aims to continue acquiring complementary companies to enhance its service offerings.
SEC Filing: reAlpha Tech Corp. [ AIRE ] - 10-Q - Nov. 12, 2025