Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data reAlpha Tech Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2023
FY2024
FY2025
Revenue
0.31
0.42
0.95
4.52
Cost of revenue
0.17
0.29
0.3
2.07
Gross profit
0.14
0.13
0.65
2.45
Selling and marketing
2.57
2
0.79
5.95
Operating expenses
4.97
5.06
7.55
18.5
Operating income
-4.83
-4.93
-6.9
-16
Interest expense
0.18
0.17
0.33
0.81
Interest income
0
Other non-operating income
-0.56
-0.5
-0.83
-0.07
Pre-tax income
-5.39
-5.45
-26
-17.6
Income tax
-0.05
Income from continuing operations
-5.44
-7.68
-17.6
Net income to minority interests
-0.01
0
0
0
Net income
-5.38
-5.45
-26
-17.6
EBITDA
-4.68
-4.78
-6.44
-15.5
EPS, basic
-0.13
-0.58
-0.23
EPS, diluted
-0.13
-0.58
-0.23
Shares, basic (weighted)
40.4
44.6
76.3
Shares, diluted (weighted)
40.4
44.6
76.3
Balance sheet
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
2.07
1.26
3.12
7.78
Receivables
0.13
0.07
0.18
0.07
Other current assets
0.01
0.25
0.49
0.36
Total current assets
2.36
4.66
4.04
9.78
Property, plant and equipment
3.82
2.19
0.1
0.06
Goodwill
5.14
4.21
7.46
Intangible assets
3.29
4.31
Other non-current assets
0.03
Total assets
6.89
21.1
12
21.7
Accounts payable
0.08
0.41
0.66
0.31
Accrued liabilities
0.12
0.2
1.16
0.66
Deferred revenue
1.26
1.96
Short-term debt
8.23
7.07
0.52
Total current liabilities
12.2
7.68
4.15
3.63
Long-term debt
0.25
4.91
Other non-current liabilities
1.09
Total liabilities
12.2
7.93
10.4
9.2
Total debt
0.24
Paid-in capital
0.19
24.1
39.8
67.5
Retained earnings
-5.53
-11
-38.3
-56
Other comprehensive income
0.01
-0.13
Shareholders' equity
-5.33
13.2
1.56
11.5
Minority interests
0.01
0
0.01
0.01
Total equity
-5.32
13.2
1.57
11.5
Total liabilities and equity
6.89
21.1
12
21.7
Shares outstanding
8.63
42.5
45.9
5.27
Cash flow statement
FY2023
FY2023
FY2024
FY2025
Net income
-5.39
-5.45
-26
-17.6
Depreciation and amortization
0.15
0.16
0.47
0.54
Stock-based compensation
0.11
0.86
Change in receivables
-0.13
0.07
-0.02
0.11
Change in payables
0.08
0.24
-0.02
-0.49
Cash from operations
-5.38
-4.96
-6.04
-11.3
Capital expenditures
-0.01
-0.04
Acquisitions
-0.03
-1.27
-1.02
Purchases of investments
-0.12
-0.05
Cash from investing
-3.41
1.08
-1.55
-1.74
Debt issued
7.92
0.25
6.16
0.16
Debt repaid
-1.42
-1.07
-1.16
Stock issued
0.1
4.28
25.6
Cash from financing
10.3
3.04
4.26
17.7
Net change in cash
1.5
-0.84
-3.33
4.65
Free cash flow
-6.05
-11.3
Interest paid
0.17
0.06
0.47
Income taxes paid
0.02
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.34 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
60.5%
Gross profit / revenue.
Operating margin
-388.4%
Operating income / revenue.
EBITDA margin
-374.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-403.4%
Net income / revenue.
FCF margin
-284.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-282.8%
Cash from operations / revenue.
Return on equity (ROE)
-310.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-114.4%
Net income / average total assets.
Return on invested capital (ROIC)
-394.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
30.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.7%
Capital expenditures / revenue.
D&A / revenue
14.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
376.4%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
279.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
636.5%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
81.1%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
71.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.02x
Current assets / current liabilities.
Quick ratio
0.71x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.66x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.80
Revenue / diluted weighted shares.
FCF per share
-$2.27
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$2.26
Cash from operations / diluted weighted shares.
Book value per share
$1.04
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.84x
Market cap / revenue.
P/B
1.42x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
1.32x
Enterprise value / revenue.
FCF yield
-154.9%
Free cash flow / market cap.
Earnings yield
-219.6%
Net income / market cap (the inverse of P/E).
What was reAlpha Tech Corp.'s revenue in fiscal 2025?
reAlpha Tech Corp. reported revenue of $4.5M for fiscal 2025, 376.4% higher than the year before.
Was reAlpha Tech Corp. profitable in fiscal 2025?
No. It reported a net loss of $17.6M.
How much free cash flow did reAlpha Tech Corp. generate in fiscal 2025?
Cash from operations of $11.3M minus capital expenditures of $42.9K left free cash flow of -$11.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.