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- **Revenue Growth & Debt-Free Status**: Q3 marked three straight quarters of growth, with $7.5M raised to repay debt entirely.
- **AI-Driven Expansion**: Rolled out AI tools like Claire (90%+ lead engagement boost) in top 10 U.S. markets, syncing Realty/Mortgage/Title services.
- **Customer-Centric Vision**: Solving high homebuyer costs via rebate platform, targeting 40-year-old first-time buyers and veterans (70% of mortgage deals).
- **NASDAQ Compliance**: 6-month extension secured; focus on scaling revenue to meet $1 share price requirement.
- **Competitive Edge**: Unique AI-integrated Realty/Mortgage/Title model vs. Rocket/Zillow's fragmented approach.

**【Management Opening Remarks】**
- Paul Cecil introduced the call, emphasizing reAlpha's commitment to transparency and direct engagement with the community. He highlighted Mike Lagozo's extensive background in scaling operations and driving innovation, including his tenure at BMW Financial Services and leadership at Elmarks.

**【CEO Summary Section】**
- **Company Vision**: Reimagining real estate through technology to make home ownership accessible despite high home prices and interest rates. The median age of first-time buyers is now 40, up from 28 in the 1990s.
- **Q3 Highlights**: 
  - Three consecutive quarters of revenue growth, with Q3 surpassing Q2.
  - Raised $7.5 million in equity, repaid all debt, becoming debt-free.
  - Expanded services into Georgia (Realty), Utah and Nevada (Mortgage), and integrated AI tools like Claire (AI concierge) and loan officer assistants.
  - Namche (AI company) fully integrated, enabling a unified customer experience across Realty, Mortgage, and Title.
- **Strategic Focus**: Syncing Realty, Mortgage, and Title operations in top 10 U.S. real estate markets (e.g., Florida, Texas, California) to deliver a rebate-driven, seamless home buying process.

**【Q&A Key Highlights】**
- **Expansion Strategy**: Prioritizing top 10 states (60% of U.S. real estate transactions) to align Realty, Mortgage, and Title services. Example: Florida, Texas, California.
- **Customer Feedback**: Demand for integrated services to avoid redundant processes across Realtors, lenders, and title companies. AI-driven lead engagement increased 90%, appointments 200%, and loan applications 140%.
- **NASDAQ Compliance**: Secured a 6-month extension to meet $1 share price requirement. Focus on organic growth and revenue scaling to drive long-term value.
- **Competitive Differentiation**: Unique AI-powered rebate platform combining Realty, Mortgage, and Title. Competitors like Rocket and Zillow are larger but lack reAlpha's integrated model.
- **Hiring Focus**: Adding loan officers who generate $250k+ revenue, with plans to hire 4-6 per quarter to fuel growth.

**【Challenges & Risks】**
- Regulatory and compliance complexities as a public company slow execution but are necessary for long-term success.
- Home buying infrequency limits retention rate measurement, though repeat buyers and veterans (70% of mortgage deals) show strong interest in reAlpha's value proposition.

reAlpha Tech Corp (AIRE) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AIRE

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