Filing Flows › reAlpha Tech (AIRE) › Q1 2026
reAlpha Tech (AIRE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
reAlpha Tech (AIRE) reported revenue of $841K for the first quarter 2026 (Q1 2026), -9% from a year earlier and -6% from the quarter before. Operating margin was -509.0%, net loss $4.3M (515.8% of revenue).
reAlpha Tech, Q1 2026: revenue $841K (-9% year over year), operating margin -509.0%, net loss $4.3M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $841K | -6% | -9% |
| Operating profit | −$4.3M | — | — |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $841K in Q1 2026, down 9% year over year and down 6% from the previous quarter. Homebuying Services was the largest line at 69% of revenue. Homebuying Services lost $175K year over year (down 23%), 206% of the total change.
Gross margin was 65.7%, up 9.6 points from Q1 2025. Operating costs exceeded revenue by $4.3M, an operating margin of -509.0%. Operating expenses grew 64% against a revenue fall of 9%. The fastest-growing cost line was Sales & marketing (+143%). The quarter ended with a net loss of $4.3M, narrower than the previous quarter's $4.8M loss.
Operating cash flow was −$3.1M. Non-cash charges added back $165K of depreciation and amortization and $344K of share-based compensation. Working capital and other items added $706K. Capital expenditures of $47K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was reAlpha Tech's revenue in the first quarter 2026?
reAlpha Tech (AIRE) reported revenue of $841K for the first quarter 2026 (Q1 2026), -9% from a year earlier and -6% from the quarter before.
Was reAlpha Tech profitable in the first quarter 2026?
Operating loss was $4.3M (-509.0% of revenue) and net loss $4.3M.
Source: reAlpha Tech 10-Q on SEC EDGAR.