Revenue decline and widening losses signal deteriorating fundamentals despite the company's narrative of platform scaling. With only $4.7M cash and a quarterly cash burn of $3.1M, the company likely needs additional capital within 2-3 quarters. Monitor for equity or debt financing announcements and the next 10-Q for any going concern language.
Price Chart
Executive Summary
reAlpha Tech Corp. reported Q1 2026 revenue of $0.8M, down 9% YoY from $0.9M, and a GAAP net loss of $4.3M, wider than the $2.9M loss in Q1 2025. The company also adopted an amended short-term incentive plan (STIP) with revised performance targets. Revenue decline and widening losses are the dominant signals, making this a bearish filing despite the STIP being a routine compensation arrangement.
Key Financial Metrics
Key Facts
- Q1 2026 revenue decreased 9% YoY to $0.8M from $0.9M
- GAAP net loss widened to $4.3M from $2.9M in Q1 2025
- Adjusted EBITDA loss widened to $(3.8)M from $(2.0)M
- Cash burn: operating cash flow was $(3.1)M vs $(2.3)M a year ago
- Cash balance fell to $4.7M from $7.8M at year-end 2025
- Total Transaction Volume (TTM) grew 119% to $131.3M, a non-GAAP metric
- Compensation Committee adopted an amended 2025 Short-Term Incentive Plan (STIP) on April 23, 2026
- No guidance provided in the filing
Financial Impact
Revenue declined ~$85K YoY; net loss increased by ~$1.4M; cash burn rate accelerated by ~$0.8M vs prior year quarter
Risk Factors
- Cash runway: $4.7M cash with $3.1M quarterly operating cash burn suggests ~1.5 quarters of liquidity
- Revenue decline: 9% YoY drop in a spring homebuying season is a negative signal
- No guidance provided, increasing uncertainty about near-term trajectory
- Dilution risk: shares outstanding increased from 45.9M to 132.4M YoY, a 188% increase
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-048245 |
| Document: ea028765801ex10-1.htm | 0001213900-26-048245 |
| Document: ea0287658-8k_realpha.htm | 0001213900-26-048245 |
| Document: 0001213900-26-048245-index-headers.html | 0001213900-26-048245 |
| Document: 0001213900-26-048245-index.html | 0001213900-26-048245 |
| Document: 0001213900-26-048245.txt | 0001213900-26-048245 |
| 8-K Data (Synthetic) | 0001213900-26-048245 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | S-1 | $0.8000 | awaiting T+20 | — | $0.8760 (−9.50%) |
Oct 21, 2026 5d ago | DEFA14A | $1.02 | awaiting T+20 | — | $0.8760 (−14.12%) |
Oct 21, 2026 5d ago | 8-K | $1.02 | awaiting T+20 | — | $0.8760 (−14.12%) |
Oct 19, 2026 7d ago | 8-K/A | $0.9884 | awaiting T+20 | — | $0.8760 (−11.37%) |
Oct 7, 2026 19d ago | 8-K | $1.05 | awaiting T+20 | — | $0.8760 (−16.57%) |
Sep 25, 2026 4w ago | DEFA14A | $1.36 $0.8761 | ▼ −35.58% | ▼ −35.55% | $0.8760 (−35.59%) |
Sep 25, 2026 4w ago | DEF 14A | $1.36 $0.8761 | ▲ +35.58% | ▲ +35.55% | $0.8760 (+35.59%) |
Sep 23, 2026 4w ago | Press Release | $1.38 $1.02 | ▼ −26.09% | ▼ −26.77% | $0.8760 (−36.52%) |
Aug 21, 2026 9w ago | 8-K | $1.58 $1.41 | ▼ −10.76% | ▼ −10.23% | $0.8760 (−44.56%) |
Aug 14, 2026 10w ago | Press Release | $1.47 $1.53 | ▼ −4.08% | ▼ −6.06% | $0.8760 (+40.41%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers