Gross Margin Hits 66% as Transaction Volume Doubles to $131.3M, Cash Rises 288%
reAlpha reported Q1 2026 revenue down 9% to $0.8 million with net loss widening to $4.3 million and adjusted EBITDA at -$3.8 million, while gross margin improved to 66%. Total Transaction Volume jumped 119% to $131.3 million and cash reserves rose 288% to $4.7 million, supported by new Homebuying Hub and AI-enhanced services.
1. First-Quarter 2026 Financial Results
reAlpha reported first-quarter revenue of $0.8 million, a 9% decrease year-over-year, driven by $0.6 million in homebuying services and $0.3 million in technology services. Gross profit rose to $0.6 million with a 66% margin versus 56% year-over-year, while adjusted EBITDA loss widened to $3.8 million and net loss reached $4.3 million.
2. Strong Cash Position and Transaction Volume Growth
Total Transaction Volume increased 119% to $131.3 million on a trailing twelve-month basis, reflecting accelerated brokerage, mortgage and title transactions facilitated through the reAlpha platform. Cash and cash equivalents swelled 288% to $4.7 million as of March 31, 2026, bolstered by capital raises and warrant exercises.
3. Platform and Service Enhancements
During the quarter, reAlpha launched a Homebuying Hub to streamline search, financing and closing, introduced enhanced Make an Offer functionality, upgraded MLS data synchronization, and improved multi-service onboarding flows. The company also embedded agentic AI into back-office workflows and appointed Thomas Kutzman as Chief Financial Officer to support scaled operations and financial oversight.