---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-034538"
form_type: "8-K"
ticker: "AIRE"
cik: "0001859199"
company_name: "reAlpha Tech Corp."
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T16:47:30.930856+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# reAlpha Tech Q1 2024 revenue falls 82% YoY to $20,426; net loss deepens to $1.42M

## Summary
- Revenue $20,426, down from $111,451 YoY due to rental property disposal and sale of myAlphie.
- Net loss $1,419,045 vs $864,913 YoY; driven by higher wages, legal fees, and equity amortization.
- Adjusted EBITDA -$1,336,790 vs -$775,098 YoY.
- Cash $4.84M at March 31, 2024, down from $6.46M at December 31, 2023.
- Company commercially launched AI-powered platform GENA during the quarter.

## SEC filing metadata
- accession: 0001213900-24-034538
- form_type: 8-K
- ticker: AIRE
- cik: 0001859199
- company_name: reAlpha Tech Corp.
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859199/000121390024034538/0001213900-24-034538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859199/000121390024034538/ea0204114-8k_realpha.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-034538
- JSON: https://secwatch.observer/filing/0001213900-24-034538.json
- Plain text: https://secwatch.observer/filing/0001213900-24-034538.txt

## Key facts
- Earnings Releases
  reAlpha Tech Corp. reported quarter ended March 31, 2024 results: revenue $20,426, net income $1,419,045.
  - Period: quarter ended March 31, 2024
  - Revenue: $20,426
  - Net income: $1,419,045
  - Result: reported results
  source text: Revenues were $20,426 for the three months ended March 31, 2024, compared to $111,451 for the three months ended March 31, 2023. Our revenues consist of both the short-term rental revenue that we receive from our listed properties, if any, and platform services income that we receive directly from, or services related to, our technologies. The decrease in revenues during the period was attributable to lower rental revenue due to the disposal of our rental properties during and subsequent to fiscal year 2023 as a result of our business strategy shift to focus on the commercialization of our AI technologies, as well as lower platform services revenue as a result of the sale of myAlphie. We had cash and cash equivalents of approximately $4.84 million as of March 31, 2024, and approximately $6.46 million as of December 31, 2023. Net loss was $1,419,045 for the three months ended March 31, 2024, compared to $864,913 for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859199/000121390024034538/0001213900-24-034538-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.