reAlpha Tech (AIRE) Company Report

reAlpha Tech Corp. (AIRE) has entered into a definitive agreement to acquire InstaMortgage Inc., an independent mortgage lender, as announced on December 22, 2025.
The acquisition is valued at approximately $8.5 million, payable in a combination of cash and reAlpha common stock, including deferred consideration.
InstaMortgage, founded in 2008, has reported over $4 billion in mortgage originations over the past five years and operates in 32 states.
This strategic move aims to add direct mortgage lending capabilities to complement reAlpha's existing mortgage brokerage operations and extend its market footprint.
The transaction is subject to regulatory approvals and other customary closing conditions, with an expected close in the first half of 2026.

Dec 22, 2025, 9:45 PM

8-K

reAlpha Reports Q3 2025 Revenue Growth, Becomes Debt-Free, and Advances AI Integration

AIRE

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

reAlpha reported three consecutive quarters of revenue growth in Q3 2025, with Q3 surpassing Q2, and Q1 exceeding all of last year combined.
The company significantly improved its balance sheet by raising $7.5 million in equity offerings and exercising 8.3 million warrants as of October 20, enabling it to repay all debt and become a debt-free company.
reAlpha regained NASDAQ compliance for its $35 million minimum market value and received a six-month extension to meet the $1 stock price requirement.
Strategic initiatives include expanding Realty services into Georgia and Mortgage into Utah and Nevada, with a focus on syncing all three core services (Realty, Mortgage, Title) in the top 10 U.S. states for residential real estate transactions.
AI integration has led to a 90% increase in lead engagement, a 200% increase in appointments for home viewing, and a 140% increase in loan applications.

Nov 21, 2025, 5:00 PM

Transcript

reAlpha Reports Q3 2025 Revenue Growth and Debt Repayment

AIRE

Earnings

Debt Issuance

Delisting/Listing Issues

reAlpha reported three consecutive quarters of revenue growth in Q3 2025, with each quarter surpassing the previous one, and Q1 2025 revenue exceeding the total for the prior year.
The company significantly improved its balance sheet by raising $7.5 million in equity offerings and exercising $8.3 million in warrants as of October 20th, which allowed it to repay its debt in full, making it a debt-free company.
reAlpha regained NASDAQ compliance for its $35 million minimum market value and secured a six-month extension to meet the $1 minimum bid price requirement.
Strategic initiatives include expanding Realty services into Georgia and Mortgage services into Utah and Nevada, and launching new AI tools that resulted in a 90% increase in lead engagement, a 200% increase in home viewing appointments, and a 140% increase in loan applications.
Management highlighted the capital raised as the most strategically important development, providing runway for growth, and plans to hire additional loan officers to drive organic revenue growth.

Nov 21, 2025, 5:00 PM

Transcript

reAlpha Reports Q3 2025 Revenue Growth, Becomes Debt-Free, and Addresses NASDAQ Compliance

AIRE

Earnings

Delisting/Listing Issues

Revenue Acceleration/Inflection

reAlpha reported three consecutive quarters of revenue growth in Q3 2025, with Q3 revenue surpassing Q2, and Q1 revenue exceeding all of the prior year.
The company raised $7.5 million in equity offerings and had 8.3 million warrants exercised as of October 20, which enabled them to repay all debt in full, making reAlpha a debt-free company.
reAlpha regained NASDAQ compliance for its $35 million minimum market value and received a six-month extension to meet the $1.00 minimum bid price requirement.
Strategic developments include expanding Realty services into Georgia and Mortgage into Utah and Nevada, alongside significant AI advancements that led to a 90% increase in lead engagement, 200% increase in appointments, and 140% increase in loan applications.
Management highlighted that the capital raised was the most strategically important development, providing "runway" for growth, and the company is focused on integrating services across the top 10 states for residential real estate volume.

Nov 21, 2025, 5:00 PM

Transcript

reAlpha Tech Corp. Receives Nasdaq Extension for Minimum Bid Price Compliance

AIRE

Delisting/Listing Issues

reAlpha Tech Corp. (AIRE) has been granted an additional 180-day extension by Nasdaq to regain compliance with the minimum bid price requirement.
The new deadline for compliance is May 18, 2026, requiring the common stock's closing bid price to be $1.00 or more for a minimum of ten consecutive business days.
This extension has no immediate effect on the listing or trading of AIRE's common stock on the Nasdaq Capital Market.
The company intends to cure the deficiency, if necessary, by effecting a reverse stock split.

Nov 18, 2025, 9:46 PM

8-K

reAlpha Tech Granted Nasdaq Extension for Minimum Bid Price Compliance

AIRE

Delisting/Listing Issues

reAlpha Tech Corp. (AIRE) has received an additional 180-day extension from Nasdaq, pushing its deadline to regain compliance with the minimum bid price requirement to May 18, 2026.
The company's common stock will continue to trade on the Nasdaq Capital Market, as this extension has no immediate effect on its listing.
To regain compliance, the closing bid price of AIRE's common stock must be $1.00 per share or more for a minimum of ten consecutive business days within the extended period.
Nasdaq granted the extension after determining that reAlpha meets the continued listing requirement for market value of publicly held shares and other applicable initial listing criteria.

Nov 18, 2025, 9:30 PM

Press Release

reAlpha Tech Launches AI-Powered Engagement Assistant

AIRE

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

reAlpha Tech Corp. (Nasdaq: AIRE) has launched its internal AI-powered Engagement Assistant, a multi-agent system designed to automate lead qualification, appointment booking, and pre-application workflows for mortgage operations.
Recent performance results, based on internal operational data over a 55-day period, show the system increased borrower lead engagement by over 90 percent, improved appointment conversion by over 200 percent, and generated an increase of over 140 percent in completed applications compared to manual outreach processes.
The system aims to improve scalability and efficiency across mortgage operations by reducing repetitive manual work for loan officers and ensuring timely, consistent follow-up with prospects.
It integrates seamlessly with reAlpha’s customer relationship management system (CRM) and is expected to allow loan officers to focus more on building relationships with borrowers.

Nov 17, 2025, 9:30 PM

Press Release

reAlpha Tech Corp. Reports Strong Q3 2025 Revenue Growth, Strengthens Balance Sheet, and Advances Nasdaq Compliance

AIRE

Earnings

Delisting/Listing Issues

New Projects/Investments

reAlpha Tech Corp. reported Q3 2025 revenue of $1.5 million, marking a 326% increase year-over-year, alongside a net loss of $(5.8) million and Adjusted EBITDA of $(2.2) million.
The company significantly strengthened its balance sheet by raising approximately $7.5 million through equity offerings, $10.0 million from warrant exercises, and $0.9 million via an at-the-market program, which facilitated the full repayment of its secured promissory note.
reAlpha regained compliance with Nasdaq's minimum market value requirement and is actively working towards resolving the minimum bid price requirement.
Operationally, reAlpha expanded its real estate brokerage into Georgia and its mortgage footprint into Utah and Nevada, and completed the integration of Naamche in October 2025 to enhance AI capabilities.

Nov 13, 2025, 9:30 PM

8-K

reAlpha Tech Corp. Announces Q3 2025 Financial Results

AIRE

Earnings

Revenue Acceleration/Inflection

Debt Issuance

reAlpha Tech Corp. reported a 326% year-over-year revenue growth, reaching $1,445,137 in the third quarter of 2025.
The company's cash position increased to approximately $9.3 million as of September 30, 2025, compared to $7.0 million as of the end of the third quarter of 2024.
Net loss for the third quarter of 2025 was approximately $5.8 million, compared to a net loss of approximately $2.1 million in the third quarter of 2024.
reAlpha strengthened its balance sheet by raising approximately $7.5 million from equity offerings, $10.0 million from warrant exercises, and $0.9 million through its ATM program, and fully repaid its high-cost secured debt, leaving no outstanding secured debt at the parent level.

Nov 12, 2025, 12:45 PM

8-K

reAlpha Tech Reports Q3 2025 Financial Results

AIRE

Earnings

Revenue Acceleration/Inflection

M&A

reAlpha Tech Corp. reported a 326% increase in revenue to $1,445,137 for the third quarter of 2025, compared to the third quarter of 2024.
The company's net loss was approximately $5.8 million and Adjusted EBITDA was approximately $(2.2) million for the third quarter of 2025.
Cash was approximately $9.3 million as of September 30, 2025.
reAlpha strengthened its balance sheet by raising approximately $18.4 million in aggregate gross proceeds from equity offerings, warrant exercises, and its ATM program, which supported the full repayment of its high-cost secured debt.
The acquisition of GTG Financial was rescinded in August 2025, and reAlpha expanded its homebuying platform into Georgia and its mortgage operations into Utah and Nevada during the quarter.