Financial Data and Key Metrics Changes - Full year revenue increased by 376% to $4.5 million for the 2025 fiscal year, with Q4 revenue increasing 70% year-over-year to $0.9 million [8] - Total transaction volume for the full year increased to $116.1 million, and gross profit for the year increased to $2.5 million [9] - Cash and cash equivalents at year-end were approximately $7.8 million, representing a 149% year-over-year increase [10] Business Line Data and Key Metrics Changes - Growth in the home buying segment was driven by strong year-over-year growth in the mortgage brokerage operation and the contribution from the Prevu acquisition [15] - The technology services segment saw meaningful growth in AiChat subscription revenue, adding recurring software subscription revenue to the overall revenue stream [16] Market Data and Key Metrics Changes - The company is expanding its market presence, with the Prevu acquisition adding operations in 13 additional states and Washington, D.C. [30] - The upcoming acquisition of InstaMortgage is expected to enhance lending capabilities and deepen mortgage participation [39] Company Strategy and Development Direction - The company aims to capture more of the home buying transaction across real estate, mortgage, and title, with a focus on integrating services on a single platform [14] - The strategy emphasizes reducing fragmentation in the home buying process and improving customer experience through AI-enabled workflows [22] Management's Comments on Operating Environment and Future Outlook - Management views 2025 as a year of growth and improved financial flexibility, with a focus on investing in the AI platform and strategic acquisitions [11] - The company is committed to disciplined growth, ensuring that capital allocation supports long-term value creation rather than undisciplined expansion [26][27] Other Important Information - The company is working on regulatory approvals for the InstaMortgage acquisition, which is expected to close in late Q1 or early Q2 2026 [35][36] - The integration of Prevu and the upcoming acquisition of InstaMortgage are seen as critical milestones in building a comprehensive platform for home buyers [29][30] Q&A Session Summary Question: What are the main drivers behind revenue growth? - Revenue growth was driven by strong performance in the mortgage brokerage operation and contributions from the Prevu acquisition [15] Question: How is the company thinking about capital allocation going forward? - The company aims to preserve flexibility and liquidity while focusing on disciplined growth and strategic capital deployment [24][27] Question: What operational or regulatory steps are needed for the InstaMortgage acquisition? - The company is working with state regulators to ensure compliance and hopes to close the acquisition soon [35][36] Question: How does the company plan to achieve profitability? - The pathway to profitability involves integrating more services and growing the lifetime value per customer while maintaining disciplined growth [44][46]

Financial Data and Key Metrics Changes - Full year revenue increased by 376% to $4.5 million for the 2025 fiscal year, with Q4 revenue increasing 70% year-over-year to $0.9 million [8] - Total transaction volume for the year increased to $116.1 million, and gross profit rose to $2.5 million [9] - Cash and cash equivalents at year-end were approximately $7.8 million, reflecting a 149% year-over-year increase [10] Business Line Data and Key Metrics Changes - Growth in the home buying segment was driven by strong performance in the mortgage brokerage operation and the contribution from the Prevu acquisition [15] - The technology services segment, particularly AiChat subscription revenue, also saw significant growth, contributing to a more diversified revenue mix [16] Market Data and Key Metrics Changes - The company is expanding its market presence, with the Prevu acquisition adding operations in 13 additional states and Washington, D.C. [30] - The upcoming acquisition of InstaMortgage is expected to enhance lending capabilities and deepen mortgage participation [39] Company Strategy and Development Direction - The company aims to capture more of the home buying transaction across real estate, mortgage, and title services, focusing on integrating these services into a single platform [14] - The strategy emphasizes reducing fragmentation in the home buying process, improving customer experience through AI-enabled workflows [22] Management's Comments on Operating Environment and Future Outlook - Management views 2025 as a year of growth and improved financial flexibility, with a focus on investing in the AI platform and strategic acquisitions [11] - The pathway to profitability is linked to disciplined growth and the integration of additional services to enhance customer lifetime value [44][46] Other Important Information - The company is focused on maintaining capital flexibility while pursuing growth opportunities, with a methodical approach to capital allocation [24] - The integration of Prevu and the upcoming InstaMortgage acquisition are seen as critical milestones in building a comprehensive platform [29] Q&A Session Summary Question: What are the main drivers behind revenue growth? - Revenue growth was driven by strong performance in the mortgage brokerage operation and the contribution from the Prevu acquisition [15] Question: How is the company thinking about capital allocation going forward? - The company aims to preserve flexibility and liquidity while being methodical in capital allocation to support growth and strategic acquisitions [24] Question: What needs to happen operationally or regulatorily for the InstaMortgage acquisition? - The company is working with state regulators to ensure compliance and hopes to close the acquisition in late Q1 or early Q2, subject to approvals [36]

Core Insights - reAlpha Tech Corp. reported a significant revenue increase of 376% year-over-year, reaching $4.5 million for the fiscal year 2025, driven by the expansion of its homebuying platform and increased transaction volumes [2][3] - The company raised approximately $25.5 million in gross proceeds through equity-linked financing activities, enhancing its financial flexibility and eliminating secured parent-level debt [2][3] - Total transaction volume surged by 203% to $116.1 million, reflecting the aggregate dollar value of transactions across brokerage, mortgage, and title services [3] Full Year Financial Highlights - Revenue for FY 2025 was $4.5 million, a 376% increase from FY 2024's $0.9 million [2] - Gross profit rose to $2.5 million, with a gross profit margin decrease from 68% to 54% due to a shift in revenue mix and increased operating costs [3] - Cash and cash equivalents increased by 149% to $7.8 million as of December 31, 2025, compared to $3.1 million in the previous year [3] Fourth Quarter Financial Highlights - Q4 revenue increased to $4.5 million from $0.9 million in Q4 2024, primarily due to mortgage brokerage transactions and subscription fees from AI technologies [3][4] - Adjusted EBITDA for Q4 was $(3.8) million, reflecting strategic investments in operations and marketing [7] - The net loss for Q4 was $(4.8) million, a significant improvement from $(21.0) million in Q4 2024 [7] Business Highlights - The company integrated its brokerage and mortgage services, creating a more coordinated homebuying experience and multiple revenue streams per customer [6] - reAlpha expanded its licensed footprint across 35 states and Washington, D.C., enhancing its operational capabilities [7] - The company advanced its AI-enabled homebuying experience with the introduction of Claire, a digital assistant designed to streamline the homebuying process [7] Strategic Initiatives - The company unified its mortgage operations under the reAlpha Mortgage brand and aligned CRM systems to support a coordinated platform experience [7] - A simplified customer rebate program was introduced, allowing eligible homebuyers to receive rebates of up to 1.0% of the home purchase price [7] - The proposed acquisition of InstaMortgage aims to deepen vertical integration and enhance direct mortgage lending capabilities [7]

Homebuying Platform Development - The company aims to develop an end-to-end homebuying platform named reAlpha, integrating AI-driven tools for a streamlined homeownership experience [22]. - Revenue is generated from homebuying services, including realty, mortgage brokering, and digital title and escrow services, primarily through the reAlpha platform [23]. - The homebuying services segment includes realty services, mortgage brokering, and digital title and escrow services, mainly provided through the reAlpha platform [26]. - Homebuyers can receive a rebate of up to 1.0% of the home purchase price when using realty services and an additional 0.5% when bundling mortgage brokering services [31]. - The company currently offers homebuying services in 35 U.S. states and the District of Columbia, with plans for nationwide expansion [33]. Technology and AI Integration - The technology services segment includes software development services and an AI-powered conversational platform, benefiting from the growth of the AI industry [34]. - AiChat generates revenue through subscription packages tailored to businesses, with flexible pricing models including monthly and annual subscriptions [38]. - The proprietary AI-powered "Loan Officer Assistant" is designed to reduce manual review time per loan, allowing loan officers to focus more on customer-facing activities [60]. - The company is actively integrating AI into its operations, which may present operational and compliance challenges [97]. - The company integrates AI technologies in its operations, including customer-facing and internal tools, which may present operational and reputational risks [118]. Market Conditions and Economic Impact - The U.S. real estate market saw a modest year-over-year increase in home prices of approximately 1.7% despite high mortgage rates averaging between 6% and 7% [48]. - Existing home sales activity remained near historical lows, with total transactions around four million units, reflecting ongoing affordability pressures [48]. - Mortgage application volumes increased by over 20% week-over-week in early January 2026, with new home purchase applications rising approximately 2.5% year-over-year towards the end of 2025 [49]. - Approximately $936 billion of U.S. commercial real estate mortgages are set to mature in 2026, marking an 18.6% increase from 2025, raising concerns about refinancing challenges [49]. - Rising interest rates and declining affordability negatively impact refinancing activity and home purchase transactions, suppressing housing turnover [129]. Financial Performance and Challenges - For the year ended December 31, 2025, the company recorded a net loss of $17,590,392, and for 2024, the net loss was $26,022,349, including $18,339,635 from discontinued operations [103]. - As of December 31, 2025, the company had an accumulated deficit of $55,980,534 and outstanding indebtedness of $384,597 [103]. - The company has incurred significant additional expenses related to public company compliance and business expansion, impacting its profitability [103]. - The company faces challenges in hiring and retaining qualified personnel, which could adversely affect revenue growth [172]. - The company has faced substantial doubt regarding its ability to continue as a going concern, as indicated by recurring losses from operations and negative cash flows [159]. Regulatory and Compliance Issues - The company is subject to various federal, state, and local consumer protection laws, including the Truth in Lending Act and the Equal Credit Opportunity Act, which have evolved under the Dodd-Frank Act [82]. - The company’s mortgage operations are subject to periodic reviews and audits by government-sponsored enterprises such as Fannie Mae and Freddie Mac [81]. - The company is subject to increased regulatory compliance costs due to oversight from the CFPB, which may adversely affect its financial condition [112]. - Compliance with evolving privacy laws and regulations is increasing in complexity and may result in greater compliance risk and costs for the company [121]. - The company is working to assess and understand the implications of the regulatory environment, devoting substantial resources to compliance [90]. Acquisitions and Strategic Growth - The company plans to expand its mortgage operations by acquiring InstaMortgage, which will add direct lending capabilities [24]. - The company acquired reAlpha Nepal in May 2024 to support the development of proprietary algorithms and technologies [54]. - The company has entered into a definitive agreement to acquire InstaMortgage, expected to close in the first half of 2026, subject to regulatory approvals [104]. - The acquisition of GTG Financial was rescinded on August 21, 2025, resulting in the return of 100% of the issued shares to the seller [107]. - The company is considering additional potential acquisitions, which could involve the issuance of additional shares of common stock or other equity securities [211]. Risks and Uncertainties - The company is subject to various risks that could materially affect its business, including a limited operating history and a history of operating losses [97]. - The company’s international presence exposes it to additional employment, tax, data protection, and intellectual property risks [89]. - The company may experience significant fluctuations in revenues due to the cyclical nature of loan origination activity and broader real estate market conditions [130]. - The company faces intense competition from established players and emerging AI-driven platforms, which could hinder its ability to attract customers and differentiate its offerings [182]. - The company may experience a decline in website traffic due to changes in third-party browser technologies or search engine methodologies, which could adversely impact user growth [140]. Stock and Market Performance - The number of shares of common stock outstanding increased from approximately 45.9 million to approximately 131.7 million, representing an increase of approximately 187% during the fiscal year ended December 31, 2025 [209]. - The company received a letter from Nasdaq indicating it no longer met the Minimum Bid Price Requirement based on the closing bid price for 30 consecutive business days ending on May 19, 2025 [215]. - The company was granted a 180-day extension to regain compliance with the Minimum Bid Price Requirement, with a new deadline of May 18, 2026 [216]. - The company’s stock price may continue to exhibit extreme volatility, which could lead to substantial losses for stockholders [204]. - Limited brand recognition may impact the common stock price and liquidity, particularly among less engaged investors [221].

Reimagining the Path to Homeownership with AI-driven innovation The information in this presentation shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction, including India, in which such offer, solicitation or sale would require preparation of a prospectus or other offer documentation, or be unlawful prior to registration, exemption from registration or qualification under the securities laws of any ...

Core Viewpoint - reAlpha Tech Corp. has appointed Thomas Kutzman as Chief Financial Officer, effective February 25, 2026, reflecting the company's confidence in his ability to enhance financial operations and drive shareholder value [1][4]. Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company aiming to transform the multi-trillion-dollar U.S. real estate services market by developing an end-to-end platform that integrates brokerage, mortgage, and title services [6]. Leadership Background - Thomas Kutzman brings over 12 years of experience in financial markets, having held roles at SAC Capital, JPMorgan, Citi, and Jabre Capital Partners, focusing on public equities and derivatives [2]. - Kutzman co-founded Prevu, a digital-first homebuying platform, which was recognized as one of the fastest-growing private companies in America in 2022 [3]. Recent Developments - Following reAlpha's acquisition of Prevu in November 2025, Kutzman served as CEO of reAlpha Realty, leading integration planning across various corporate functions [4]. - Kutzman's appointment as CFO is seen as a strategic move to leverage his operational discipline and capital markets expertise to drive long-term shareholder value [4][5]. Strategic Vision - Kutzman expressed enthusiasm about the intersection of real estate and technology, emphasizing the transformative potential of AI in the industry [5].

Summary of reAlpha Tech Fireside Chat - February 12, 2026 Company Overview - **Company**: reAlpha Tech (NasdaqCM:AIRE) - **Industry**: Real Estate Technology - **Focus**: AI-powered end-to-end home buying platform aimed at automating and streamlining traditional real estate transactions [1][5] Core Issues Addressed - **Fragmentation in Home Buying**: The current home buying process is described as fragmented, manual, and opaque, leading to buyer uncertainty [6] - **AI Integration**: The company aims to use AI to enhance transparency, predictability, and provide real-time guidance throughout the transaction process [7][10] Current AI Applications - **AI Concierge (Claire)**: An AI tool that assists buyers by coordinating their home buying journey and providing guidance [8] - **Home Buying Hub**: A platform that consolidates various stages of the home buying process, allowing users to track their progress [9] - **AI Loan Officer Assistant**: A backend tool that helps mortgage officers manage documentation and identify missing information [9] Strategic Acquisitions - **Recent Acquisitions**: - **Prevu**: A digital realty company that expands reAlpha's geographic footprint to 12 states plus the District of Columbia [12][23] - **InstaMortgage**: A pending acquisition that will enhance the company's mortgage lending capabilities [12][21] - **Integration Goals**: The focus is on deeper platform integration to reduce handoffs and improve efficiency as the company scales [13][121] Geographic Footprint - **Current Presence**: Initially focused on Florida, now expanded to 12 states with the Prevu acquisition, targeting high-growth areas [22][25] - **Mortgage Services**: Currently operating in about 32 states, with plans to expand further post-InstaMortgage acquisition [29] Target Market - **Home Buyer Profile**: Focus on average transactions between $400,000 and $600,000, appealing to a broad customer base [30][36] - **Rebate Program**: Offers rebates for using multiple services, enhancing customer savings and incentivizing service bundling [40][45] Market Environment - **Interest Rates**: Lower interest rates are seen as a potential tailwind for business, but the company emphasizes building a resilient model that is not solely dependent on rate fluctuations [50][56] - **Market Stability**: The current market is described as stable but selective, with buyers being more thoughtful and methodical in their decisions [72] Strategic Priorities for 2026 - **Execution Quality**: Focus on operational consistency and system reliability as key strategic priorities [114][116] - **M&A Strategy**: Continued focus on strategic acquisitions that enhance the platform without creating disconnected assets [119][127] Talent Acquisition - **Mission-Driven Talent**: The company seeks individuals who are innovative and willing to embrace new technologies, particularly in AI [93][95] - **Public Company Advantages**: Being publicly traded allows reAlpha to offer RSUs as a retention tool, aligning employee interests with company growth [100][103] Conclusion - **Growth Strategy**: reAlpha Tech aims to grow both organically and inorganically, focusing on enhancing customer experience and operational efficiency while navigating the complexities of the real estate market [140][144]

Revenue Projections - Estimated total revenue for Q4 2025 is projected to be between $0.8 million and $1.0 million[4] - Estimated total revenue for the year ended December 31, 2025, is projected to be between $4.4 million and $4.6 million[4] Cash Position - Cash as of December 31, 2025, is approximately $7.7 million, a decrease of $1.5 million from $9.2 million as of September 30, 2025[5] - The decrease in cash was primarily due to the payment of a commitment fee and cash consideration for the acquisition of Prevu, Inc.[5] Financial Data Disclaimer - The financial data presented is preliminary and unaudited, and actual results may differ materially[6]

Core Insights - reAlpha Tech Corp. is focusing on its growth strategy and business priorities for 2026, emphasizing the integration of AI and M&A in its homebuying platform [1][2][3] Group 1: Company Strategy - The company aims to transform the U.S. real estate services market, which is valued in the multi-trillion-dollar range, by developing an end-to-end platform that integrates brokerage, mortgage, and title services [5] - The management will discuss strategic choices that shape the platform and the role of AI in this vision during the upcoming fireside chat [3][2] - The company is pursuing a growth model driven by strategic acquisitions and organic development, focusing on how these elements are integrated and governed [3] Group 2: Event Details - A fireside chat titled "HCW @ Home" will take place on February 12, 2026, at 11:00 A.M. ET, featuring CEO Mike Logozzo and CFO Piyush Phadke [1][7] - The session will be hosted by Scott Buck from H.C. Wainwright and will be available for replay on the investor relations website for at least 90 days after the event [7]

Core Viewpoint - reAlpha Tech Corp. has launched the reAlpha Homebuying Hub, an AI-powered platform aimed at streamlining the homebuying process by coordinating various steps from search to closing, thereby enhancing clarity and execution for buyers [1][4]. Group 1: Homebuying Hub Features - The Homebuying Hub integrates key transaction activities into a single flow, improving transparency regarding progress, responsibilities, and next steps for buyers [1][2]. - It supports major stages of the homebuying journey, including home search, tour scheduling, digital agreement execution, mortgage engagement, offer preparation, and closing task coordination [3][4]. - The platform allows buyers to see potential commission rebates associated with bundled services, helping them make informed decisions [3]. Group 2: Industry Context - The homebuying process has become increasingly complex due to the involvement of multiple parties, tools, and timelines, leading to confusion and delays [2]. - The Homebuying Hub aims to reduce fragmentation in the process by organizing buyer activities into a structured execution layer, thereby connecting decisions, tasks, and handoffs [2][4]. - The launch of the Homebuying Hub aligns with reAlpha's strategy to create a vertically integrated ecosystem that simplifies real estate transactions through integrated brokerage, mortgage, and title services [5].