Tearsheet

ReAlpha Tech (AIRE)


Market Price (12/17/2025): $0.4616 | Market Cap: $37.7 Mil
Sector: Real Estate | Industry: Real Estate Services

ReAlpha Tech (AIRE)


Market Price (12/17/2025): $0.4616
Market Cap: $37.7 Mil
Sector: Real Estate
Industry: Real Estate Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 811%
Weak multi-year price returns
2Y Excs Rtn is -124%
Penny stock
Mkt Price is 0.4
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -44%
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -341%
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Crypto & Blockchain. Themes include Travel & Leisure Tech, Show more.
  Expensive valuation multiples
P/SPrice/Sales ratio is 15x
3   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -267%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -274%
4   High stock price volatility
Vol 12M is 425%
5   Key risks
AIRE key risks include [1] severe financial distress, Show more.
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 811%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -44%
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Crypto & Blockchain. Themes include Travel & Leisure Tech, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -124%
4 Penny stock
Mkt Price is 0.4
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -341%
6 Expensive valuation multiples
P/SPrice/Sales ratio is 15x
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -267%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -274%
8 High stock price volatility
Vol 12M is 425%
9 Key risks
AIRE key risks include [1] severe financial distress, Show more.

Valuation, Metrics & Events

AIRE Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

**1. Strong Q2 2025 Revenue Growth and Strategic Expansion**

ReAlpha Tech reported a substantial 1,909% year-over-year revenue increase to $1.3 million in Q2 2025. This growth was accompanied by geographic expansion into Texas and Utah markets, and the launch of an AI-powered Loan Officer Assistant, which likely contributed to investor optimism and an initial upward movement in the stock price.

**2. Acquisition-Led Growth Strategy**

The company pursued an acquisition-led growth strategy, notably acquiring Prevu in November 2025 to expand its multi-state footprint and integrated realty and mortgage services. This strategy, also evidenced by earlier acquisitions like Hyperfast Title and AiChat in 2024, indicated a commitment to expanding its market presence and service offerings in the real estate technology sector.

**3. Nasdaq Minimum Bid Price Compliance Concerns**

In November 2025, ReAlpha received a 180-day extension from Nasdaq to regain compliance with the minimum bid price rule. This development, while providing a grace period, highlighted the ongoing challenge of maintaining Nasdaq listing standards due to the stock's low trading price, potentially exerting downward pressure on investor sentiment.

**4. Public Offering and Potential Dilution**

A public offering in July 2025 priced shares and warrants at $0.15 per share, aiming to raise approximately $2 million. This offering at a significantly low price, coupled with the issuance of warrants, likely raised concerns among investors about potential shareholder dilution and the company's valuation, contributing to price volatility.

**5. Widening Net Losses and Cash Position**

Despite impressive revenue growth, ReAlpha Tech experienced widening net losses, reporting a $4.1 million net loss in Q2 2025 and a $26.02 million net loss for FY2024. Additionally, its cash position significantly decreased. These financial challenges, including high cash burn, likely tempered investor enthusiasm and contributed to the stock's overall volatility and limited sustained upward momentum.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
AIRE Return45%-84%
Peers Return-73%94%19%146%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
AIRE Win Rate0%33%25% 
Peers Win Rate48%32%52%45%48% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
AIRE Max Drawdown-70%-95% 
Peers Max Drawdown-76%-13%-38%-30% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: COMP, OPEN, EXPI, REAX, HOUS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)

How Low Can It Go

AIRE has limited trading history. Below is the Real Estate sector ETF (XLRE) in its place.

Unique KeyEventXLRES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-37.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven61.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven64.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven393 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-13.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven15.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven43 days120 days

Compare to


In The Past

Real Estate Select Sector SPDR Fund (The)'s stock fell -37.9% during the 2022 Inflation Shock from a high on 12/31/2021. A -37.9% loss requires a 61.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ReAlpha Tech (AIRE)

Better Bets than ReAlpha Tech (AIRE)

Trade Ideas

Select past ideas related to AIRE. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-3.6%-3.6%-5.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-3.6%-3.6%-5.8%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for ReAlpha Tech

Peers to compare with:

Financials

AIRECOMPOPENEXPIREAXHOUSMedian
NameReAlpha .Compass Opendoor.eXp WorldReal Bro.Anywhere. 
Mkt Price0.4410.536.109.983.8214.268.04
Mkt Cap0.16.04.51.60.81.61.6
Rev LTM46,6424,7194,6791,8145,8744,699
Op Inc LTM-14-38-204-15-1076-14
FCF LTM-1118888710866-4187
FCF 3Y Avg-7331,34916741337
CFO LTM-11202899119705294
CFO 3Y Avg-7501,374176438567

Growth & Margins

AIRECOMPOPENEXPIREAXHOUSMedian
NameReAlpha .Compass Opendoor.eXp WorldReal Bro.Anywhere. 
Rev Chg LTM811.1%24.3%-4.5%5.1%65.6%5.3%14.8%
Rev Chg 3Y Avg-2.8%-31.7%-0.1%75.5%-7.2%-0.1%
Rev Chg Q326.0%23.6%-33.6%6.9%52.6%5.9%15.3%
QoQ Delta Rev Chg LTM36.3%5.6%-8.9%1.9%12.1%1.6%3.7%
Op Mgn LTM-340.6%-0.6%-4.3%-0.3%-0.6%1.3%-0.6%
Op Mgn 3Y Avg-1,061.0%-3.9%-5.4%0.1%-2.0%0.5%-2.9%
QoQ Delta Op Mgn LTM14.6%0.1%-0.4%-0.1%0.2%0.0%0.1%
CFO/Rev LTM-267.1%3.0%19.1%2.5%3.9%0.9%2.8%
CFO/Rev 3Y Avg-716.2%0.6%15.2%4.0%3.6%1.5%2.6%
FCF/Rev LTM-274.2%2.8%18.8%2.3%3.6%-0.7%2.6%
FCF/Rev 3Y Avg-770.6%0.3%14.8%3.8%3.5%0.1%1.9%

Valuation

AIRECOMPOPENEXPIREAXHOUSMedian
NameReAlpha .Compass Opendoor.eXp WorldReal Bro.Anywhere. 
Mkt Cap0.16.04.51.60.81.61.6
P/S15.50.71.20.40.50.20.6
P/EBIT--80.5-32.6-112.8-82.859.3-80.5
P/E-1.9-80.5-18.6-86.5-87.0-9.3-49.6
P/CFO-5.822.56.614.113.122.813.6
Total Yield-53.9%-1.2%-5.4%0.7%-1.2%-10.8%-3.3%
Dividend Yield0.0%0.0%0.0%1.8%0.0%0.0%0.0%
FCF Yield 3Y Avg--1.3%60.3%7.8%6.2%1.5%6.2%
D/E-0.10.30.00.02.60.1
Net D/E-0.10.1-0.1-0.12.50.1

Returns

AIRECOMPOPENEXPIREAXHOUSMedian
NameReAlpha .Compass Opendoor.eXp WorldReal Bro.Anywhere. 
1M Rtn-1.2%12.2%-22.2%-4.8%5.5%13.9%2.2%
3M Rtn-64.7%11.3%-40.3%-10.0%-24.4%99.4%-17.2%
6M Rtn20.7%78.1%952.6%13.0%-3.5%298.3%49.4%
12M Rtn-62.0%57.1%219.4%-19.0%-23.3%241.1%19.1%
3Y Rtn-294.2%384.1%-11.7%226.5%99.7%226.5%
1M Excs Rtn-1.9%11.5%-22.9%-5.5%4.8%13.2%1.4%
3M Excs Rtn-62.0%7.3%-40.0%-14.8%-24.5%92.4%-19.6%
6M Excs Rtn8.0%65.7%940.3%0.6%-15.9%285.9%36.8%
12M Excs Rtn-74.0%44.4%206.7%-31.8%-37.1%224.5%6.3%
3Y Excs Rtn-230.3%252.5%-83.8%144.5%19.9%144.5%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023
Technology services0 
Total0 


Price Behavior

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity7,474,835
Short Interest: % Change Since 11152025-2.0%
Average Daily Volume5,287,014
Days-to-Cover Short Interest1.41
Basic Shares Quantity81,716,309
Short % of Basic Shares9.1%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/12/20252.7%-18.4%-11.7%
8/14/20251.7%-5.3%304.6%
5/16/2025-17.3%-24.3%-38.4%
2/21/2025-9.8%-21.7%-31.0%
11/12/20246.0%-2.0%16.0%
8/15/2024-3.5%2.7%9.7%
3/12/2024-10.6%-23.5%-35.8%
SUMMARY STATS   
# Positive313
# Negative464
Median Positive2.7%2.7%16.0%
Median Negative-10.2%-20.0%-33.4%
Max Positive6.0%2.7%304.6%
Max Negative-17.3%-24.3%-38.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251112202510-Q 9/30/2025
6302025814202510-Q 6/30/2025
3312025516202510-Q 3/31/2025
12312024402202510-K 12/31/2024
93020241112202410-Q 9/30/2024
6302024814202410-Q 6/30/2024
3312024419202410-Q 3/31/2024
12312023312202410-KT 12/31/2023
103120231218202310-Q 10/31/2023
73120239122023S-11/A 7/31/2023
43020238082023S-11 4/30/2023
13120235262023S-1/A 1/31/2023
43020224182023S-1 4/30/2022