Filing Flows › reAlpha Tech (AIRE) › Q3 2025
reAlpha Tech (AIRE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
reAlpha Tech (AIRE) reported revenue of $1.4M for the third quarter 2025 (Q3 2025), +326% from a year earlier and +15% from the quarter before. Operating margin was -342.4%, net loss $5.8M (400.1% of revenue).
reAlpha Tech, Q3 2025: revenue $1.4M (+326% year over year), operating margin -342.4%, net loss $5.8M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | +15% | +326% |
| Operating profit | −$4.9M | — | — |
| Net earnings | −$5.8M | — | — |
| Operating cash flow | −$4.2M | — | — |
What changed
Revenue was $1.4M in Q3 2025, up 326% year over year and up 15% from the previous quarter.
Gross margin was 51.9%, down 14.7 points from a year earlier. Operating costs exceeded revenue by $4.9M, an operating margin of -342.4%. Operating expenses grew 208% against revenue growth of 326%. The fastest-growing cost line was Sales & marketing (+919%). The quarter ended with a net loss of $5.8M, wider than the previous quarter's $4.1M loss.
Operating cash flow was −$4.2M. Non-cash charges added back $132K of depreciation and amortization and $287K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $5K exceeded it, leaving free cash flow of −$4.3M.
Questions
What was reAlpha Tech's revenue in the third quarter 2025?
reAlpha Tech (AIRE) reported revenue of $1.4M for the third quarter 2025 (Q3 2025), +326% from a year earlier and +15% from the quarter before.
Was reAlpha Tech profitable in the third quarter 2025?
Operating loss was $4.9M (-342.4% of revenue) and net loss $5.8M.
Source: reAlpha Tech 10-Q on SEC EDGAR.