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reAlpha Tech (AIRE) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · reAlpha Tech (AIRE) Q2 2026 earnings results →
Q2 2026 Revenue down 11% year over year to $1.1M · 275¢ of every $1 of revenue lost · operating margin -260.7%
reAlpha Tech made $1.1M in Q2 2026 (-11% Y/Y). Operating margin -260.7%, net loss $3.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.1M in Q2 2026, down 11% year over year and up 32% from the previous quarter.
Gross margin was 66.0%, up 16.4 points from Q2 2025. Operating costs exceeded revenue by $2.9M, an operating margin of -260.7%. Operating expenses fell 23% while revenue fell 11%. The quarter ended with a net loss of $3.0M, narrower than the previous quarter's $4.3M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $168K of depreciation and amortization and $368K of share-based compensation. Working capital and other items added $159K. Capital expenditures of $11K exceeded it, leaving free cash flow of −$2.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $1.1M | -11% | -260.7% | −$3.0M | −$2.4M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $841K | -9% | -509.0% | −$4.3M | −$3.1M |
| Q4 2025 | 10-K | Mar 12, 2026 | $895K | +70% | -513.3% | −$4.8M | −$2.4M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $1.4M | +326% | -342.4% | −$5.8M | −$4.2M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $1.3M | 20× | -326.5% | −$4.1M | −$2.3M |
| Q1 2025 | 10-Q | May 16, 2025 | $926K | 45× | -261.7% | −$2.9M | −$2.3M |
| Q4 2024 | 10-K | Apr 2, 2025 | $526K | — | -566.5% | −$21.0M | −$2.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
About reAlpha Tech
We are a real estate technology company developing an end-to-end homebuying platform, which we have named reAlpha (hereinafter referred to as the “reAlpha platform”). Our goal is to offer, through our AI-powered platform, a more affordable, streamlined experience for those on the journey to homeownership. The reAlpha platform integrates AI-driven tools to offer, among others, tailored property recommendations, an intuitive visual interface, and certain services, including realty services, mortgage brokering services, and digital title and escrow services within the platform.
In its own words, from its 10-K, filed Mar 12, 2026.
reAlpha Tech against its Real Estate peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -11% against the peers' median +8%. Operating margin: -260.7% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AIRE reAlpha Tech | Q2 2026 | $1.1M | -11% | -260.7% |
| CBRE CBRE Group | Q3 2026 | $11.5B | +13% | 4.9% |
| CWK Cushman & Wakefield | Q3 2026 | $2.8B | +8% | 4.6% |
| Prologis, L.P. | Q3 2026 | $2.4B | +8% | 43.8% |
| Digital Realty Trust, L.P. | Q3 2026 | $1.9B | +21% | 15.9% |
| FOR Forestar Group | Q4 FY26 | $581M | -13% | 13.5% |
| Regency Centers LP | Q3 2026 | $419M | +8% | 72.3% |
| Tiaa Real Estate Account | Q3 2026 | $303M | -0.8% | 298.8% |
| MRP Millrose Properties | Q3 2026 | $211M | +18% | 85.5% |
Source: reAlpha Tech 10-Q on SEC EDGAR · CIK 1859199 · Real Estate
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results