reAlpha Tech
AIRENASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $0.38 Prior regular-session close from the quote source.
- $0.35–$0.39 Regular-session low and high so far today.
- 184.5K Regular-session shares traded · Nov 12, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $0.32–$15.03 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own AIRE if AIRE is a speculative microcap bet that an AI-assisted, rebate-led, vertically integrated homebuying platform can scale before losses and dilution overwhelm the option value.
AIRE price history
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Investment thesis
What must happen next
Homebuyers will choose reAlpha because the platform combines search, touring, offer support, mortgage brokering, and title/escrow in one workflow, allowing the company to capture multiple fee pools per transaction rather than only a brokerage commission.HoldingMateriality: High
FY2025 GAAP annual revenue increased to $4.5 million from $0.9 million in FY2024, evidence that the new homebuying and technology-service model is at least beginning to commercialize. If bundling works, each customer can be more valuable and revenue can scale from a small base; if buyers unbundle services, the platform has little leverage over traditional brokers, portals, or lenders.
Watch: Zillow, Redfin, Rocket Mortgage, or other scaled platforms launch or expand a comparable brokerage-mortgage-title bundle with stronger traffic and brand awareness.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual revenue increased to $4.5 million from $0.9 million in FY2024, evidence that the new homebuying and technology-service.
Open source ↗Claire and the internal AI tools must turn licensed professionals into higher-volume operators, not simply add software cost on top of a labor-intensive brokerage and mortgage workflow.WeakeningMateriality: High
Item 1 Business and MD&A say Claire provides 24/7 customer support and guides customers through the homebuying journey, complemented by licensed real estate agents and loan officers. If AI creates operating leverage, revenue growth can eventually flow through to margins; if licensed staff still do most of the work, the model remains a costly services business.
Watch: Mortgage compliance, underwriting, and real estate transaction complexity require the same level of licensed human involvement despite the AI interface.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Item 1 Business and MD&A say Claire provides 24/7 customer support and guides customers through the homebuying journey, complemented by.
Open source ↗The buyer rebate must lower customer acquisition friction without giving away so much transaction economics that gross profit quality deteriorates.HoldingMateriality: Medium
FY2025 GAAP annual gross profit increased to $2.5 million from $0.6 million in FY2024, showing revenue growth still carried positive gross profit. If rebates attract buyers while preserving gross profit, reAlpha has a consumer hook; if rebates are merely paid marketing, scale will deepen losses.
Watch: Further buyer-agent commission compression reduces the fee pool available to fund rebates.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual gross profit increased to $2.5 million from $0.6 million in FY2024, showing revenue growth still carried positive.
Open source ↗Acquisitions must become an integration capability that adds licensed services and technology to the platform, rather than a source of distraction, rescissions, and cash burn.WeakeningMateriality: Medium
Item 1 Business and MD&A state that the company plans to identify and acquire complementary companies and generate revenue by integrating their capabilities. The strategy depends on acquired capabilities, so poor integration would make reported growth lower quality and increase financing risk.
Watch: The rescission of the GTG Financial acquisition signals diligence, integration, or strategic-fit problems recurring in future deals.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Item 1 Business and MD&A state that the company plans to identify and acquire complementary companies and generate revenue by.
Open source ↗The company must preserve enough liquidity and capital-market access to fund commercialization until the homebuying platform shows operating leverage.WeakeningMateriality: Medium
Cash was $7.8 million at December 31, 2025, up from $3.1 million at December 31, 2024. For shareholders, even a working product can fail as an investment if cash burn forces repeated dilution before economics inflect.
Watch: Operating cash burn continues near or above the FY2025 level before revenue and margins scale.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Cash was $7.8 million at December 31, 2025, up from $3.1 million at December 31, 2024.
Open source ↗
Full investment case & evidence
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Original research
Homebuyers will choose reAlpha because the platform combines search, touring, offer support, mortgage brokering, and title/escrow in one workflow, allowing the company to capture multiple fee pools per transaction rather than only a brokerage commission. If bundling works, each customer can be more valuable and revenue can scale from a small base; if buyers unbundle services, the platform has little leverage over traditional brokers, portals, or lenders.
Claire and the internal AI tools must turn licensed professionals into higher-volume operators, not simply add software cost on top of a labor-intensive brokerage and mortgage workflow. If AI creates operating leverage, revenue growth can eventually flow through to margins; if licensed staff still do most of the work, the model remains a costly services business.
The buyer rebate must lower customer acquisition friction without giving away so much transaction economics that gross profit quality deteriorates. If rebates attract buyers while preserving gross profit, reAlpha has a consumer hook; if rebates are merely paid marketing, scale will deepen losses.
Acquisitions must become an integration capability that adds licensed services and technology to the platform, rather than a source of distraction, rescissions, and cash burn. The strategy depends on acquired capabilities, so poor integration would make reported growth lower quality and increase financing risk.
The company must preserve enough liquidity and capital-market access to fund commercialization until the homebuying platform shows operating leverage. For shareholders, even a working product can fail as an investment if cash burn forces repeated dilution before economics inflect.
All standing thesis claims
Original report summary
AIRE is a speculative microcap bet that an AI-assisted, rebate-led, vertically integrated homebuying platform can scale before losses and dilution overwhelm the option value.
Bull case and bear case
Bull case and bear case for reAlpha Tech
Where the evidence on reAlpha Tech disagrees: Mixed on the latest evidence (Nov 12, 2026). Of its 5 thesis points, 2 holding and 3 weakening.
Bull case: what the evidence supports
Homebuyers will choose reAlpha because the platform combines search, touring, offer support, mortgage brokering, and title/escrow in one workflow, allowing the company to capture multiple fee pools per transaction rather than only a brokerage commission.
The buyer rebate must lower customer acquisition friction without giving away so much transaction economics that gross profit quality deteriorates.
Bear case: what the evidence questions
Claire and the internal AI tools must turn licensed professionals into higher-volume operators, not simply add software cost on top of a labor-intensive brokerage and mortgage workflow.
Acquisitions must become an integration capability that adds licensed services and technology to the platform, rather than a source of distraction, rescissions, and cash burn.
The company must preserve enough liquidity and capital-market access to fund commercialization until the homebuying platform shows operating leverage.
Thesis-Break Engine
Thesis-break watch · reAlpha Tech
No break has crossed reAlpha Tech’s thesis. Its break conditions are checked against every new filing as it lands.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
No assessed change was returned in this research window. That can reflect a quiet period or a coverage limit.
Risks / falsifiers
What could break the thesis
- Zillow, Redfin, Rocket Mortgage, or other scaled platforms launch or expand a comparable brokerage-mortgage-title bundle with stronger traffic and brand awareness.
- Mortgage compliance, underwriting, and real estate transaction complexity require the same level of licensed human involvement despite the AI interface.
- Further buyer-agent commission compression reduces the fee pool available to fund rebates.
- The rescission of the GTG Financial acquisition signals diligence, integration, or strategic-fit problems recurring in future deals.
- Operating cash burn continues near or above the FY2025 level before revenue and margins scale.
AIRE news
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Financial statements
AIRE income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
AIRE: quick answers
- When does reAlpha Tech (AIRE) report earnings next?
- reAlpha Tech's next results were projected for November 11, 2026, from the dates of its own results filings with the SEC, and it has not filed them yet. It last reported on August 14, 2026. Earnings calendar
- What is AIRE's short interest?
- As of October 30, 2026, 552,723 AIRE shares were sold short, up 56.8% from the count before. At the stock's average daily volume that is 6.8 days to cover. FINRA publishes the count twice a month. AIRE short interest history
