---
title: "reAlpha Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 841.06 K"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284360695.md"
datetime: "2026-04-28T11:18:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284360695.md)
  - [en](https://longbridge.com/en/news/284360695.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284360695.md)
---

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

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.

#### Overview of Financial Results

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 .

#### Financial Highlights (Three Months Ended March 31)

-   **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 .
    -   **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 .
    -   **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 .
-   **Cost of Revenues**: Cost of revenues was $288,797 in 2026, down from $406,968 in 2025 .
-   **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 .
-   **Gross Margin**: Gross margin increased to 66% in Q1 2026 from 56% in Q1 2025 .
-   **Operating Expenses**: Total operating expenses were $4,832,923 in 2026, an increase from $2,940,925 in 2025 .
    -   Wages, benefits and payroll taxes were $2,128,488 in 2026 versus $1,060,104 in 2025 .
    -   Marketing and advertising expenses were $1,261,980 in 2026 versus $518,939 in 2025 .
    -   Professional and legal fees were $727,632 in 2026 versus $742,159 in 2025 .
    -   Depreciation and amortization amounted to $165,202 in 2026 versus $179,149 in 2025 .
    -   Other operating expenses were $549,621 in 2026 versus $440,574 in 2025 .
-   **Operating Loss**: Operating loss was - $4,280,658 in 2026 versus - $2,422,258 in 2025 .
-   **Adjusted EBITDA**: Adjusted EBITDA was - $3.8 million in Q1 2026, compared to - $2.0 million in Q1 2025 .
-   **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 .

#### Cash Flow (Three Months Ended March 31)

-   **Net Cash Used in Operating Activities**: Net cash used in operating activities was - $3,123,752 in 2026 versus - $2,267,103 in 2025 .
-   **Net Cash Used in Investing Activities**: Net cash used in investing activities was - $63,810 in 2026 versus $244,554 in 2025 .
-   **Net Cash Provided by Financing Activities**: Net cash provided by financing activities was $72,067 in 2026 versus $103,005 in 2025 .
-   **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 .

#### Operational Metrics and Unique Indicators

-   **Total Transaction Volume**: Total transaction volume increased by 119% to $131.3 million, compared to $59.9 million in Q1 2025 .
-   **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&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 .

#### Outlook / Guidance

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 .

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