reAlpha Tech (AIRE) Q4 2025 earnings summary

Executive summary

• Fiscal year 2025 revenue grew 376% year-over-year to $4.5 million, driven by mortgage brokerage, subscription fees, and acquisition-related growth.

• Total transaction volume reached $116.1 million for the year, up 203%, reflecting increased activity across brokerage, mortgage, and title services.

• Cash and cash equivalents increased 149% year-over-year to $7.8 million, strengthening financial flexibility.

• Major milestones included the acquisition of Prevu, a definitive agreement to acquire InstaMortgage, and expanded licensed footprint to 35 states plus D.C.

• Focus remains on integrating brokerage, mortgage, title, and AI into a seamless home buying platform.

Financial highlights

• Full-year revenue up 376% to $4.5 million; Q4 revenue up 70% year-over-year to $0.9 million.

• Gross profit for FY2025 was $2.5 million, with gross margin declining to 54% from 68% due to revenue mix and scaling costs.

• Adjusted EBITDA for FY2025 was $(13.7) million, reflecting investments in scaling, acquisitions, and technology.

• Net loss for FY2025 was $(17.6) million, improved from $(26.0) million in FY2024.

• Cash and cash equivalents ended at $7.8 million, a 149% increase year-over-year.

Outlook and guidance

• Emphasis on disciplined, methodical capital allocation to support platform growth and strategic acquisitions.

• Focus for 2026 is on growth, geographic expansion, and building operating leverage as the platform scales.

• Continued investment in AI and technology to enhance customer experience and operational efficiency.

• Continued integration of acquisitions and expansion of homebuyer services are expected to drive future growth.

• Focus on syncing brokerage, mortgage, and title offerings across all states and scaling the Home Buying Hub.