Core Viewpoint - reAlpha Tech Corp. has appointed Thomas Kutzman as the Chief Executive Officer of reAlpha Realty, aiming to enhance its real estate brokerage division and integrate the recently acquired Prevu platform [1][3]. Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market, developing an end-to-end platform that integrates brokerage, mortgage, and title services [5]. Leadership Appointment - Thomas Kutzman, co-founder of Prevu, will lead reAlpha Realty, leveraging his experience in building a technology-driven homebuying platform recognized for its consumer-centric model [2][4]. - Kutzman will report directly to Mike Logozzo, CEO of reAlpha, and will be part of the executive leadership team [4]. Strategic Goals - Kutzman’s responsibilities include the strategic development and national expansion of reAlpha's real estate business, focusing on integrating Prevu's technology and enhancing customer experience [3][4]. - The company aims to create a unified model that improves efficiency and agent productivity across key markets [3].

Core Insights - reAlpha Tech Corp. has acquired Prevu Inc., expanding its real estate footprint into 11 new markets and enhancing its technology-driven platform [1][3] - Prevu is a digital homebuying platform with a rebate-oriented brokerage model, having completed over 1,000 transactions and maintaining a 5-star Google rating [2][4] - The acquisition aims to unify realty and mortgage capabilities, supporting a broader national footprint and enhancing operational capabilities [1][3] Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market through an end-to-end platform that integrates brokerage, mortgage, and title services [5] - Prevu operates in major metropolitan markets across 12 states and Washington, D.C., providing a digital platform designed to empower homebuyers with greater control and transparency [4] Strategic Implications - The integration of Prevu's brokerage operations with reAlpha's existing real estate services is expected to accelerate reAlpha's long-term platform strategy and enhance operational efficiency [3] - Both companies share a commitment to modernizing real estate through technology, which is anticipated to create significant opportunities for scaling and delivering value to homebuyers and agents [3][2]

Financial Data and Key Metrics Changes - The company reported three consecutive quarters of revenue growth, with Q1 revenue exceeding the total of the previous year, Q2 surpassing Q1, and Q3 exceeding Q2 [11] - The balance sheet improved with $7.5 million raised in equity offerings and $8.3 million in warrants exercised, leading to the company being debt-free [11] - The company regained compliance with NASDAQ regarding the $35 million minimum market value [11] Business Line Data and Key Metrics Changes - The company expanded its service availability, launching Realty in Georgia and Mortgage in Utah and Nevada [12] - Significant improvements were noted with a 90% increase in lead engagement, a 200% increase in appointments for home viewings, and a 140% increase in loan applications due to new AI technologies [13] Market Data and Key Metrics Changes - The company is focusing on the top 10 states for residential real estate transactions, which account for over 60% of the market [16] - The company aims to synchronize its Realty, Mortgage, and Title services across these states to enhance customer experience [16][18] Company Strategy and Development Direction - The company aims to build a platform that enables home buyers through technology, addressing the challenges posed by high home prices and interest rates [10] - Future plans include expanding into additional services such as moving and utility setup, while focusing on core offerings [21][22] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of the capital raised for growth and the transition from attracting traders to long-term investors [19][25][26] - The company is committed to building a solid foundation for future growth, likening its development to constructing a skyscraper [39][40] Other Important Information - The company has integrated an AI company, Naamche, into its operations to enhance its technology capabilities [14] - Management acknowledged the complexity of the home buying process and the need for a cohesive customer experience [24] Q&A Session Summary Question: What is the overall plan for expansion to other states? - The company is focusing on the top 10 states for residential real estate volume to synchronize its services [16] Question: Which strategic developments are most important? - The capital raised is deemed the most strategically important for providing runway for growth [19] Question: How is customer feedback shaping the product roadmap? - Customer feedback indicates a desire for synchronized services across states and a cohesive process [23] Question: What innovations are planned for 2026? - Continued development of AI technologies for both mortgage and real estate services is planned [27] Question: What specific problem does the business solve for its customers? - The company aims to simplify the home buying process and offer rebates to make it more affordable [30] Question: Who are the main competitors? - Competitors include Rocket and Zillow, but the company believes it is creating a new category in the market [31] Question: What is the outlook on hiring additional mortgage brokers? - The company plans to hire more loan officers to support organic growth [47]

Financial Data and Key Metrics Changes - The company reported three consecutive quarters of revenue growth, with Q1 revenue exceeding the total of the previous year, Q2 surpassing Q1, and Q3 exceeding Q2 [11] - The company raised $7.5 million in equity offerings and had 8.3 million warrants exercised, using much of this to repay debt, resulting in a debt-free status [11] - The company regained compliance with NASDAQ regarding the $35 million minimum market value [11] Business Line Data and Key Metrics Changes - The company expanded its service availability, launching Realty in Georgia and mortgage services in Utah and Nevada [12] - The introduction of AI technologies led to a 90% increase in lead engagement, a 200% increase in appointments for home viewings, and a 140% increase in loan applications [13] Market Data and Key Metrics Changes - The company is focusing on the top 10 states for residential real estate transactions, which account for over 60% of the market [16] - The company aims to synchronize its Realty, Mortgage, and Title services across these states to enhance customer value [17][18] Company Strategy and Development Direction - The company aims to build a platform that enables home buyers through technology, addressing the challenges posed by high home prices and interest rates [10] - The focus is on integrating services to create a seamless customer experience, reducing friction in the home buying process [24] - The company is exploring partnerships and acquisitions to enhance its core offerings and expand its service capabilities [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory and the importance of the capital raised for future expansion [19] - The company is transitioning from attracting traders to long-term investors, emphasizing the importance of fundamentals and stability [25][26] - Management acknowledged the complexities of navigating the public company landscape but emphasized a commitment to building a solid foundation for future growth [39][40] Other Important Information - The company is focused on serving the veteran community through specialized mortgage services [35] - Management indicated a desire to eventually expand outside the U.S. but emphasized the need to solidify its position domestically first [42] Q&A Session Summary Question: What is the overall plan for reAlpha's expansion to other states? - The company is focusing on the top 10 states for residential real estate volume to synchronize its services [16] Question: Which strategic development is considered most important? - The capital raised is viewed as the most strategically important development, providing the company with growth runway [19] Question: How is customer feedback shaping product improvements? - Customer feedback indicates a desire for synchronized services across states and a cohesive process for home buying [23] Question: What innovations are planned for reAlpha in 2026? - The company plans to continue developing AI technologies and integrating acquired companies into its product offerings [27] Question: What specific problem does the business solve for its customers? - The company addresses the challenges of high home prices and interest rates by offering a streamlined home buying process with potential rebates [29] Question: Who are the main competitors? - Competitors include Rocket and Zillow, but the company believes it is creating a unique category by integrating Realty, Mortgage, and Title services [31] Question: What is the outlook on hiring additional mortgage brokers? - The company plans to hire more loan officers to support organic growth, focusing on those who can contribute to existing teams [47]

Financial Data and Key Metrics Changes - The company reported three consecutive quarters of revenue growth, with Q1 revenue exceeding the total of the previous year, Q2 surpassing Q1, and Q3 exceeding Q2 [11] - The balance sheet improved with a $7.5 million equity offering and 8.3 million warrants exercised, leading to the company becoming debt-free [11][12] - The company regained compliance with NASDAQ regarding the $35 million minimum market value [11] Business Line Data and Key Metrics Changes - The company expanded its service availability, launching Realty in Georgia and mortgage services in Utah and Nevada [12] - Significant improvements were noted in lead engagement (90% increase), home viewing appointments (200% increase), and loan applications (140% increase) due to new AI technologies [13] Market Data and Key Metrics Changes - The company is focusing on the top 10 states for residential real estate transactions, which account for over 60% of the market [18] Company Strategy and Development Direction - The company aims to synchronize its Realty, Mortgage, and Title services to enhance customer experience and provide rebates [19] - Future plans include expanding into additional states and potentially offering one-stop shopping for related services like moving and utility setup [22] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of the capital raised for growth and the need to focus on core products while exploring partnerships for additional services [20][22] - The company is transitioning from attracting traders to long-term investors, driven by consistent quarter-on-quarter growth [26][27] Other Important Information - The company is integrating acquired companies into a unified platform to streamline operations and enhance customer experience [15][29] - Management highlighted the complexity of the home buying process and the need for a solid foundation to support future growth [40] Q&A Session Summary Question: What is the overall plan for expansion to other states? - The company is focusing on the top 10 states for residential real estate volume to synchronize its services [17] Question: Which strategic developments are most important? - The capital raised is deemed the most strategically important for providing growth runway [20] Question: How is customer feedback shaping the product roadmap? - Customer feedback indicates a desire for synchronized services across states and a cohesive process [24] Question: What innovations are planned for 2026? - Continued development of AI technologies for both mortgage and real estate services is planned [29] Question: What specific problem does the business solve for its customers? - The company addresses the challenges of high home prices and interest rates by offering a streamlined home buying process with potential rebates [31] Question: Who are the main competitors? - Major competitors include Rocket and Zillow, but the company aims to create a unique home buying platform that integrates Realty, Mortgage, and Title services [33] Question: What is the outlook on hiring additional mortgage brokers? - The company plans to hire more loan officers to support growth, focusing on quality over quantity [48]

Core Points - reAlpha Tech Corp. has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement, now due by May 18, 2026 [1] - The company must achieve a closing bid price of at least $1.00 per share for ten consecutive business days to meet compliance [1] - Nasdaq granted the extension based on reAlpha meeting the continued listing requirement for market value of publicly held shares [1] Company Developments - The CEO of reAlpha expressed appreciation for the extension, highlighting progress in strengthening financial and operational foundations, expanding real estate and mortgage platforms, and advancing AI technology initiatives [2] - The company is focused on sustainable growth, transparency, and long-term value creation for shareholders [2] Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company aiming to transform the U.S. real estate services market [3] - The company is developing an end-to-end platform that integrates brokerage, mortgage, and title services to simplify real estate transactions [3] - reAlpha employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to create a vertically integrated ecosystem for homeownership [3]

Core Insights - reAlpha Tech Corp. has launched an AI-powered Engagement Assistant aimed at enhancing mortgage operations by improving lead qualification and appointment booking processes [1][2][3] Company Overview - reAlpha Tech Corp. is an AI-driven real estate technology company focused on transforming the U.S. real estate services market through an integrated platform that includes brokerage, mortgage, and title services [7] Performance Metrics - The Engagement Assistant has demonstrated significant improvements: over 90% increase in borrower lead engagement, more than 200% improvement in appointment conversion, and over 140% increase in completed applications compared to manual processes [2][4][10] System Functionality - The internal system integrates with reAlpha's CRM, featuring a customer support assistant for initial inquiries, a loan application assistant for guiding borrowers, and an appointment booking assistant for scheduling consultations [3][5] Market Insights - A 2024 consumer survey indicates that the first professional to engage a motivated borrower is likely to secure the business, with 78% of customers choosing the first company to respond to their inquiry [4] Strategic Goals - The Engagement Assistant is designed to automate early interactions, allowing loan officers to focus on building relationships and guiding borrowers through the application process [6][5] Future Outlook - The system is expected to evolve with new capabilities as reAlpha expands, enhancing operational efficiency and reducing administrative burdens for loan officers [6]

Core Insights - reAlpha Tech Corp. will host a live video call titled "AIRE Time With Mike" on November 21, 2025, at 12:00 PM EST to discuss Q3 2025 earnings highlights and business updates [1][6] - The event will feature Mike Logozzo, the CEO, who aims to build trust with retail shareholders through transparency and direct engagement [2] Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market with an end-to-end platform that integrates brokerage, mortgage, and title services [5] - The company employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to create a vertically integrated ecosystem for homeownership [5] Event Details - The live video call will include a Q&A segment where participants can submit questions in real-time via X [6] - A replay of the call will be available on the investor relations website for at least 12 months after the event [6]

Financial Performance - Revenue increased 326% to $1,445,137 in Q3 2025, compared to $339,227 in Q3 2024[3] - Gross profit was $749,580 in Q3 2025, compared to $225,866 in Q3 2024, with a gross profit margin decline from 67% to 52% year-over-year[3] - Adjusted EBITDA was approximately $(2.2) million in Q3 2025, compared to approximately $(1.3) million in Q3 2024[3] - Net loss was approximately $5.8 million in Q3 2025, compared to a net loss of approximately $2.1 million in Q3 2024[3] - Operating loss for Q3 2025 was $(4,948,801), compared to $(1,625,190) in Q3 2024, indicating a deterioration in operational performance[13] - Net loss attributable to controlling interests for the nine months ended September 30, 2025, was $(12,744,638), compared to $(4,995,857) in the same period of 2024, reflecting an increase of 155%[13] - The company reported a basic loss per share of $(0.07) for Q3 2025, compared to $(0.05) in Q3 2024[14] - For the three months ended September 30, 2025, the net loss was $5,781,324 compared to a net loss of $2,098,574 for the same period in 2024, representing an increase of 175%[20] - Adjusted EBITDA for the three months ended September 30, 2025, was $(2,208,557), a decline from $(1,253,907) in the same period of 2024, indicating a worsening performance[20] - The adjusted EBITDA for the nine months ended September 30, 2025, was $(6,467,579), worsening from $(3,598,519) in the same period of 2024[20] Cash and Financing - Cash was approximately $9.3 million as of September 30, 2025, up from $7.0 million at the end of Q3 2024[3] - Cash used in operating activities for the nine months ended September 30, 2025, was $(8,847,162), compared to $(3,806,090) in 2024, indicating increased cash outflow[16] - Net cash provided by financing activities in the nine months ended September 30, 2025, was $15,051,695, compared to $4,794,866 in 2024, showing a substantial increase in financing[16] - The company experienced a net increase in cash of $6,156,960 for the nine months ended September 30, 2025, compared to $620,507 in 2024[16] Operational Developments - reAlpha launched an upgraded AI-powered Loan Officer Assistant to enhance automation in mortgage operations[5] - The company raised approximately $7.5 million from equity offerings and fully repaid its high-cost secured debt[5] - reAlpha expanded its homebuying platform into Georgia and mortgage operations into Utah and Nevada during Q3 2025[5] - The GTG Financial acquisition was rescinded, with its results recognized only through August 21, 2025[5] - reAlpha regained compliance with Nasdaq's minimum market value requirement, closing above the $35 million threshold for ten consecutive business days[5] Expense and Financial Burdens - The company reported a total other expense of $832,523 for Q3 2025, compared to $408,954 in Q3 2024, indicating increased financial burdens[13] - Non-cash marketing expenses for the three months ended September 30, 2025, amounted to $2,079,874, with no such expenses reported in the same period of 2024[20] - Interest expense for the nine months ended September 30, 2025, totaled $388,741, compared to $131,723 for the same period in 2024, reflecting a significant increase of 194%[20] - The company incurred acquisition-related expenses of $87,352 for the nine months ended September 30, 2025, down from $363,426 in the same period of 2024[20] - The amortization of loan discounts and origination fees for the three months ended September 30, 2025, was $303,122, a substantial increase from $36,250 in the same period of 2024[20] - The company reported a loss on extinguishment of debt of $368,769 for the three months ended September 30, 2025, with no such loss reported in the same period of 2024[20] - The share-based compensation for the nine months ended September 30, 2025, was $557,999, up from $207,454 in the same period of 2024, indicating an increase of 169%[20]

Core Insights - reAlpha Tech Corp. reported significant financial growth in Q3 2025, with revenue increasing by 326% to $1,445,137 compared to $339,227 in Q3 2024, driven by mortgage brokerage transactions and the integration of AI technology [4][3] - The company is focused on expanding its real estate and mortgage operations, launching services in new states and enhancing its AI capabilities to improve customer experience [5][6] Financial Highlights - Revenue for Q3 2025 reached $1,445,137, a 326% increase from $339,227 in Q3 2024 [4] - Gross profit was $749,580 in Q3 2025, up from $225,866 in Q3 2024, although gross profit margin declined from 67% to 52% due to a higher contribution from lower-margin loan brokerage services [4] - Cash reserves increased to approximately $9.3 million at the end of Q3 2025, compared to $7.0 million at the end of Q3 2024 [4] - The net loss for Q3 2025 was approximately $5.8 million, compared to a net loss of approximately $2.1 million in Q3 2024 [4] Business Highlights - The company launched an upgraded AI-powered Loan Officer Assistant to enhance automation in mortgage operations, allowing loan officers to focus more on customer interactions [5] - reAlpha expanded its homebuying platform into Georgia and its mortgage operations into Utah and Nevada, enhancing its national presence [6] - The acquisition of GTG Financial was rescinded, with its results only recognized through August 21, 2025 [5] Operational Developments - The company implemented a unified customer communication framework and a new brand identity to ensure consistency across all customer interactions [9] - reAlpha regained compliance with Nasdaq's minimum market value requirement, closing above the $35 million threshold for ten consecutive business days [9]