secwatch.observer — SEC 8-K summary
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Issuer:     reAlpha Tech Corp. (AIRE)
CIK:        0001859199
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001213900-25-027592
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

reAlpha Tech reports FY2024 revenue up 270% to $948k but net loss widens to $26M on Rhove impairment
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- Revenue $948,420 (+270% YoY); net loss $26.02M vs $2.46M, driven by $17.3M Rhove goodwill impairment and discontinued ops.
- Discontinued short-term rental business entirely in Q1 2025; discontinued ops loss $18.3M.
- Acquired controlling interest in Hyperfast Title, 85% of AiChat, and Be My Neighbor (mortgage brokerage in 28 states) in 2024.
- Cash and equivalents $3.12M (down from $6.46M); adjusted EBITDA improved to $(5.57)M from $(7.39)M.
- Launched commission-free homebuying platform powered by AI agent Claire; Super App introduced in August 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859199/000121390025027592/0001213900-25-027592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859199/000121390025027592/ea0236273-8k_realpha.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-027592

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer