---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-048245"
form_type: "8-K"
ticker: "AIRE"
cik: "0001859199"
company_name: "reAlpha Tech Corp."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:10:36.577633+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# reAlpha Q1 2026: Revenue down 9% to $0.8M, net loss $4.3M; Thomas Kutzman named CFO

## Summary
- Revenue decreased 9% to $0.8M; homebuying services $0.6M, tech services $0.3M.
- Net loss widened to $4.3M from $2.9M; adjusted EBITDA -$3.8M vs -$2.0M YoY.
- Cash increased 288% to $4.7M; total transaction volume up 119% to $131.3M.
- Appointed Thomas Kutzman as CFO; launched Homebuying Hub and enhanced offer workflow.
- Modified short-term incentive plan performance targets and award valuation method.

## SEC filing metadata
- accession: 0001213900-26-048245
- form_type: 8-K
- ticker: AIRE
- cik: 0001859199
- company_name: reAlpha Tech Corp.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859199/000121390026048245/0001213900-26-048245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859199/000121390026048245/ea0287658-8k_realpha.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-048245
- JSON: https://secwatch.observer/filing/0001213900-26-048245.json
- Plain text: https://secwatch.observer/filing/0001213900-26-048245.txt

## Key facts
- Earnings Releases
  reAlpha Tech Corp. reported the first quarter ended March 31, 2026 results: revenue $0.8 million, net income $4.3 million.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $0.8 million
  - Net income: $4.3 million
  - Result: reported results
  source text: today announced financial results for the first quarter ended March 31, 2026. Financial Highlights (All figures are approximate and compared to Q1 2025 unless otherwise stated) ● Revenue decreased 9% to $0.8 million in the first quarter of 2026, compared to $0.9 million in the first quarter of 2025. ○ Homebuying Services Segment revenue was $0.6 million, compared to $0.8 million in the prior year period, reflecting contributions from reAlpha Mortgage and Prevu, which was acquired in November 2025, and partially offset by the absence of revenue generated by GTG Financial following the rescission of the acquisition in August 2025. ○ Technology Services Segment revenue was $0.3 million, compared to $0.2 million in the prior year period, driven by growth in AiChat’s subscription-based platform and related services. ● 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, primarily reflecting capital raised during 2025,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859199/000121390026048245/0001213900-26-048245-index.htm

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