Revenue: As of FY2026 Q1, the actual value is USD 841.06 K, missing the estimate of USD 1.276 M.EPS: As of FY2026 Q1, the actual value is USD -0.03, beating the estimate of USD -0.04.EBIT: As of FY2026 Q1, the actual value is USD -4.256 M.<h4>Overview of Financial Results</h4>reAlpha Tech Corp. issued a press release on April 28, 2026, detailing its financial results and business highlights for the quarter ended March 31, 2026 .<h4>Financial Highlights (Three Months Ended March 31)</h4><ul><li>Total Revenue: Total revenue decreased 9% to $0.8 million in the first quarter of 2026, compared to $0.9 million in the first quarter of 2025 . Specifically, revenues were $841,062 in 2026 versus $925,635 in 2025 .<ul><li>Homebuying Services Segment Revenue: Revenue for the Homebuying Services segment was $0.6 million in Q1 2026, a decrease from $0.8 million in Q1 2025 .</li><li>Technology Services Segment Revenue: Revenue for the Technology Services segment increased to $0.3 million in Q1 2026, up from $0.2 million in Q1 2025 .</li></ul></li><li>Cost of Revenues: Cost of revenues was $288,797 in 2026, down from $406,968 in 2025 .</li><li>Gross Profit: Gross profit increased to $0.6 million in Q1 2026, up from $0.5 million in Q1 2025 . In exact figures, gross profit was $552,265 in 2026 versus $518,667 in 2025 .</li><li>Gross Margin: Gross margin increased to 66% in Q1 2026 from 56% in Q1 2025 .</li><li>Operating Expenses: Total operating expenses were $4,832,923 in 2026, an increase from $2,940,925 in 2025 .<ul><li>Wages, benefits and payroll taxes were $2,128,488 in 2026 versus $1,060,104 in 2025 .</li><li>Marketing and advertising expenses were $1,261,980 in 2026 versus $518,939 in 2025 .</li><li>Professional and legal fees were $727,632 in 2026 versus $742,159 in 2025 .</li><li>Depreciation and amortization amounted to $165,202 in 2026 versus $179,149 in 2025 .</li><li>Other operating expenses were $549,621 in 2026 versus $440,574 in 2025 .</li></ul></li><li>Operating Loss: Operating loss was - $4,280,658 in 2026 versus - $2,422,258 in 2025 .</li><li>Adjusted EBITDA: Adjusted EBITDA was - $3.8 million in Q1 2026, compared to - $2.0 million in Q1 2025 .</li><li>Net Loss: Net loss was - $4.3 million in Q1 2026, compared to - $2.9 million in Q1 2025 . In exact figures, net loss was - $4,338,495 in 2026 versus - $2,850,167 in 2025 .</li></ul><h4>Cash Flow (Three Months Ended March 31)</h4><ul><li>Net Cash Used in Operating Activities: Net cash used in operating activities was - $3,123,752 in 2026 versus - $2,267,103 in 2025 .</li><li>Net Cash Used in Investing Activities: Net cash used in investing activities was - $63,810 in 2026 versus $244,554 in 2025 .</li><li>Net Cash Provided by Financing Activities: Net cash provided by financing activities was $72,067 in 2026 versus $103,005 in 2025 .</li><li>Cash and Cash Equivalents (End of Period): Cash and cash equivalents increased 288% to $4.7 million as of March 31, 2026, compared to $1.2 million as of March 31, 2025 . The cash balance at the end of the period was $4,667,612 as of March 31, 2026, versus $1,204,400 as of March 31, 2025 .</li></ul><h4>Operational Metrics and Unique Indicators</h4><ul><li>Total Transaction Volume: Total transaction volume increased by 119% to $131.3 million, compared to $59.9 million in Q1 2025 .</li><li>Short-Term Incentive Plan (STIP) Performance Targets: reAlpha Tech Corp.’s Compensation Committee approved quarterly performance targets for its Amended and Restated 2025 Short-Term Incentive Plan (A&amp;R STIP) . These targets include revenue achieved by the Company, the platform handoff rate, and the quality of corporate development transactions consummated by the Company . The STIP Payout Factor, which can range from 0% to 500%, is assessed based on these categories . Payouts are made in reAlpha’s restricted stock units (RSUs), with the issuance price based on the 10-day volume weighted average closing price of reAlpha’s common stock on Nasdaq . Awards, if earned, vest over a 24-month period, with 50% vesting at 12 months and 12.5% at 15, 18, 21, and 24 months from the grant date .</li></ul><h4>Outlook / Guidance</h4>reAlpha Tech Corp. is focused on improving coordination throughout the homebuying journey, strengthening conversion, and positioning the business for future growth amidst a dynamic housing market . The company aims to make homebuying easier, more trustworthy, and more affordable for customers, believing this approach will lead to long-term success despite market headwinds . The platform strategy is translating into real momentum, with total transaction volume more than doubling year over year as service coverage expands .

reAlpha Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 841.06 K