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]