Reported Earnings • Apr 30
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: US$0.83 loss per share. Revenue: US$841.1k (down 9.1% from 1Q 2025). Net loss: US$4.38m (loss widened 54% from 1Q 2025). Revenue missed analyst estimates by 34%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 38% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (185% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$13m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (US$4.5m revenue). Market cap is less than US$100m (US$21.1m market cap). Major Estimate Revision • Mar 25
Consensus revenue estimates decrease by 24% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$13.4m to US$10.2m. EPS estimate unchanged from -US$0.11 per share at last update. Software industry in the US expected to see average net income growth of 21% next year. Consensus price target down from US$1.30 to US$1.19. Share price fell 12% to US$0.28 over the past week. Reported Earnings • Mar 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: US$0.23 loss per share (further deteriorated from US$0.17 loss in FY 2024). Revenue: US$4.52m (up 376% from FY 2024). Net loss: US$17.7m (loss widened 131% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in the US. Board Change • Mar 03
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Founder & Executive Chairman Giri Devanur is the most experienced director on the board, commencing their role in 2021. Independent Director Bala Swaminathan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 공지 • Feb 28
Realpha Tech Corp. Announces Chief Financial Officer Changes, Effective February 25, 2026 reAlpha Tech Corp. announced the appointment of Thomas Kutzman as Chief Financial Officer, effective February 25, 2026. Mr. Kutzman succeeds Piyush Phadke and will oversee the Company's financial operations, capital strategy, and key corporate functions such as human resources and legal, reporting directly to Chief Executive Officer Mike Logozzo. Kutzman brings more than 12 years of financial markets experience to the role. Prior to co-founding Prevu, he held investment and trading roles at SAC Capital, JPMorgan, Citi, and Jabre Capital Partners, focused on public equities and derivatives across U.S. and European markets, with experience spanning portfolio management, risk assessment, and capital allocation. He earned a Bachelor of Science in Finance and Accounting from the Leonard N. Stern School of Business at New York University. In 2015, Kutzman co-founded Prevu, a digital-first homebuying platform that operated across 12 states and Washington, D.C. Under his leadership, Prevu was named to the 2022 Inc. 5000 list of the fastest-growing private companies in America. As co-founder, he oversaw finance, accounting, and go-to-market functions, building the operational infrastructure that enabled the company's growth. Following reAlpha's acquisition of Prevu in November 2025, Kutzman served as CEO of reAlpha Realty, where he led initial integration planning across real estate, mortgage, marketing, legal, human resources, and finance. His appointment as CFO reflects the Company's confidence in his ability to apply both operational discipline and capital markets expertise to drive long-term shareholder value. 
