reAlpha Tech
Connects brokerage, mortgage, and title services in an AI-assisted homebuying workflow.
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Profile
Combines U.S. residential brokerage, mortgage brokering, and digital title and escrow fees within an AI-assisted homebuying workflow, while technology services include software development and an Asia-Pacific customer-experience platform. Revenue relies on transactions closing across multiple regulated service lines.
Combines residential brokerage through reAlpha Realty and Prevu, mortgage brokering through reAlpha Mortgage, and digital title and escrow through Hyperfast. Fees arise from brokerage, mortgage-broker, and title or escrow services when transactions close. AI-assisted tools support property search, offers, financing, and closing, with licensed professionals involved where required.
Operates its homebuying services in the United States, while reAlpha Nepal provides software-development services and AiChat provides a conversational customer-experience platform to businesses in Asia-Pacific. The company has moved away from its former short-term-rental model and assembled its present stack through acquisitions.
Depends on home-purchase activity, state licensing, multiple-listing-service access, and integration across its acquired businesses.
Company facts
Key statistics
Year to date −86.4% · Average volume (30d) 194.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Nov 26, 2025 | H.C. Wainwright | Target | $2 | ||
| Jul 28, 2025 | Maxim Group | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | −$0.75 | −$0.57 | +24.0% | $3.1M | $1.1M | −64.2% | −9.82% |
| Aug 13, 2026Q2 FY26 | −$0.75 | −$0.57 | +24.0% | $3.1M | $1.1M | −64.2% | +7.95% |
| Apr 28, 2026Q1 FY26 | −$1.00 | −$0.75 | +25.0% | $1.3M | $841.1K | −34.1% | −10.11% |
| Mar 12, 2026Q4 FY25 | −$0.75 | −$0.25 | +66.7% | $1.5M | $900.0K | −38.3% | +3.59% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $925.6K | $1.3M | $1.4M | $895.3K | $841.1K | $841.1K | |
| Gross profit | $518.7K | $621.5K | $749.6K | $561.7K | $552.3K | −$1.7M | |
| Operating income | −$2.4M | −$4.0M | −$4.9M | −$4.5M | −$4.3M | −$4.3M | |
| Net income | −$2.8M | −$4.1M | −$5.8M | −$4.8M | −$4.3M | −$4.3M | |
| Diluted EPS | −$1.50 | −$2.00 | −$1.75 | −$0.04 | −$0.75 | −$0.83 | |
| Gross margin | 56.0% | 49.6% | 51.9% | 62.7% | 65.7% | -207.1% | |
| Operating margin | -261.7% | -318.1% | -342.4% | -500.5% | -509.0% | -509.0% |
Fiscal years (4-quarter sums)FY22 $371.8K · FY24 $948.4K · FY25 $4.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $5.2M · Total debt $2.2M · Total assets $17.6M · Shareholders' equity $9.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 5.36M · Float 4.00M · 74.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Giri Devanur · director, 10 percent owner, officer: Executive Chairman | 1.09M | 20.35% | Form 4 | Aug 13, 2026 |
| Michael J. Logozzo · director, officer: CEO and Director | 194.2K | 3.62% | Form 4 | Aug 13, 2026 |
| Thomas J. Jr Kutzman · officer: Chief Financial Officer | 115.9K | 2.16% | Form 4 | Aug 3, 2026 |
| Dimitrios Angelis · director | 19.6K | 0.37% | Form 4 | Aug 3, 2026 |
| Balaji Swaminathan · director | 19.6K | 0.37% | Form 4 | Aug 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Giri Devanur | director, 10 percent owner, officer: Executive Chairman | −1,999 | $1.54 |
| Aug 11, 2026 | Michael J. Logozzo | director, officer: CEO and Director | −1,639 | $1.50 |
Peers
- Rocket Companies
Mortgage, brokerage, and closing services in one homebuyer flow.
- Fathom
Closest public analogue for an integrated homebuying stack.
- Better Home & Finance
Digital mortgage, brokerage, and settlement services in one flow.
- Real Brokerage
Agent-led brokerage plus mortgage and title attachment.
- Zillow Group Class A
Home search, agent matching, and mortgage origination overlap.
- Compass
Tech-enabled brokerage contesting buyer representation.
- LivePerson
Enterprise conversational AI overlap with AiChat in Asia-Pacific.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| reAlpha Tech | $1.59 | 0.00% | $8.6M | — | — | 2.1 | −11.3% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Fathom | $0.6818 | −0.01% | $22.6M | — | — | 0.1 | −5.6% |
| Better Home & Finance | $13.85 | +0.11% | $217.0M | — | — | 1.0 | +23.9% |
| Real Brokerage | $21.35 | +1.14% | $459.6M | — | 287.9 | 0.2 | +29.6% |
| Zillow Group Class A | $36.87 | +0.72% | $8.80B | 165.7 | 14.3 | 3.1 | +17.9% |
| Compass | $10.99 | +0.23% | $6.67B | 102.1 | 150.6 | 0.6 | +109.1% |
| LivePerson | $2.75 | −2.48% | $34.8M | — | — | 0.2 | −11.9% |
| Median | 102.1 | 84.8 | 0.6 | +23.9% |