reAlpha Tech Corp. (NASDAQ: AIRE) shares cleared breakeven Wednesday. The company, an AI-powered real estate technology company, today announced financial results for the quarter ended September 30, 2025.
The Dublin, Ohio company reported revenue increased 326% to $1,445,137 in the third quarter of 2025, compared to $339,227 in the third quarter of 2024.
Cash was approximately $9.3 million as of the end of the third quarter of 2025, compared to $7.0 million as of the end of the third quarter of 2024.
Gross profit was $749,580 in the third quarter of 2025, compared to $225,866 in the third quarter of 2024.
This morning’s news release attributes the increase to a hike in mortgage brokerage transactions provided by subsidiary reAlpha Mortgage (f/k/a Be My Neighbor), which included loan origination fees, broker commissions, and processing fees, and the revenue from our former subsidiary, GTG Financial, Inc.
Gross profit margin declined from 67% to 52% year-over-year, primarily reflecting a higher contribution from loan brokerage services, which typically carry lower margins as direct broker commissions are recorded within cost of revenue.
Adjusted EBITDA was approximately $(2.2) million in the third quarter of 2025, compared to approximately $(1.3) million in the third quarter of 2024.
Net loss was approximately $5.8 million in the third quarter of 2025, compared to a net loss of approximately $2.1 million in the third quarter of 2024.
AIRE shares began Wednesday gained three cents, or 6%, to 60 cents.
