Filing Flows › reAlpha Tech (AIRE) › Q1 2025
reAlpha Tech (AIRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 16, 2025
reAlpha Tech (AIRE) reported revenue of $926K for the first quarter 2025 (Q1 2025), up 45-fold from a year earlier and +76% from the quarter before. Operating margin was -261.7%, net loss $2.9M (307.9% of revenue).
reAlpha Tech, Q1 2025: revenue $926K (45× year over year), operating margin -261.7%, net loss $2.9M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $926K | +76% | 45× |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $926K in Q1 2025, up 4432% year over year and up 76% from the previous quarter.
Gross margin was 56.0%, up 45.4 points from a year earlier. Operating costs exceeded revenue by $2.4M, an operating margin of -261.7%. Operating expenses grew 125% against revenue growth of 4432%. The fastest-growing cost line was Sales & marketing (+576%). The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $21.0M loss.
Operating cash flow was −$2.3M. Non-cash charges added back $130K of depreciation and amortization and $78K of share-based compensation. Working capital and other items added $374K. Capital expenditures of $14K exceeded it, leaving free cash flow of −$2.3M.
Questions
What was reAlpha Tech's revenue in the first quarter 2025?
reAlpha Tech (AIRE) reported revenue of $926K for the first quarter 2025 (Q1 2025), up 45-fold from a year earlier and +76% from the quarter before.
Was reAlpha Tech profitable in the first quarter 2025?
Operating loss was $2.4M (-261.7% of revenue) and net loss $2.9M.
Source: reAlpha Tech 10-Q on SEC EDGAR.