Filing Flows › reAlpha Tech (AIRE) › Q4 2025
reAlpha Tech (AIRE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
reAlpha Tech (AIRE) reported revenue of $895K for the fourth quarter 2025 (Q4 2025), +70% from a year earlier and -38% from the quarter before. Operating margin was -513.3%, net loss $4.8M (541.5% of revenue).
reAlpha Tech, Q4 2025: revenue $895K (+70% year over year), operating margin -513.3%, net loss $4.8M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $895K | -38% | +70% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $895K in Q4 2025, up 70% year over year and down 38% from the previous quarter.
Gross margin was 62.7%, down 6.4 points from Q4 2024. Operating costs exceeded revenue by $4.6M, an operating margin of -513.3%. Operating expenses grew 54% against revenue growth of 70%. The fastest-growing cost line was Sales & marketing (+328%). The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $5.8M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $150K of depreciation and amortization and $302K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $10K exceeded it, leaving free cash flow of −$2.4M.
Questions
What was reAlpha Tech's revenue in the fourth quarter 2025?
reAlpha Tech (AIRE) reported revenue of $895K for the fourth quarter 2025 (Q4 2025), +70% from a year earlier and -38% from the quarter before.
Was reAlpha Tech profitable in the fourth quarter 2025?
Operating loss was $4.6M (-513.3% of revenue) and net loss $4.8M.
Source: reAlpha Tech 10-K on SEC EDGAR.