Filing Flows › reAlpha Tech (AIRE) › Q2 2025
reAlpha Tech (AIRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
reAlpha Tech (AIRE) reported revenue of $1.3M for the second quarter 2025 (Q2 2025), up 20-fold from a year earlier and +35% from the quarter before. Operating margin was -326.5%, net loss $4.1M (328.2% of revenue).
reAlpha Tech, Q2 2025: revenue $1.3M (20× year over year), operating margin -326.5%, net loss $4.1M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3M | +35% | 20× |
| Operating profit | −$4.1M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $1.3M in Q2 2025, up 1909% year over year and up 35% from the previous quarter.
Gross margin was 49.6%, down 21.1 points from a year earlier. Operating costs exceeded revenue by $4.1M, an operating margin of -326.5%. Operating expenses grew 276% against revenue growth of 1909%. The fastest-growing cost line was Sales & marketing (+1038%). The quarter ended with a net loss of $4.1M, wider than the previous quarter's $2.9M loss.
Operating cash flow was −$2.3M. Non-cash charges added back $131K of depreciation and amortization and $193K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $13K exceeded it, leaving free cash flow of −$2.3M.
Questions
What was reAlpha Tech's revenue in the second quarter 2025?
reAlpha Tech (AIRE) reported revenue of $1.3M for the second quarter 2025 (Q2 2025), up 20-fold from a year earlier and +35% from the quarter before.
Was reAlpha Tech profitable in the second quarter 2025?
Operating loss was $4.1M (-326.5% of revenue) and net loss $4.1M.
Source: reAlpha Tech 10-Q on SEC EDGAR.