reAlpha Posts 376% Revenue Surge to $4.5 Million, Raises Cash to $7.8 Million
reAlpha reported full-year 2025 revenue of $4.5 million, a 376% increase versus 2024, driven by mortgage brokerage transactions, AiChat subscription fees and the Prevu acquisition. The company ended 2025 with $7.8 million in cash, up 149%, and recorded a $13.7 million adjusted EBITDA loss as it scaled operations and platform integration.
1. Full-Year 2025 Financial Results
reAlpha achieved record revenue of $4.5 million in 2025, up 376% from $0.9 million in 2024. Gross profit rose to $2.5 million with a 54% margin, down from 68% due to a higher share of lower-margin mortgage and real estate services, while total transaction volume climbed 203% to $116.1 million.
2. Balance Sheet and Liquidity
Cash and cash equivalents reached $7.8 million as of December 31, 2025, up 149% from $3.1 million a year earlier. The company generated $17.3 million from warrant exercises, raised approximately $25.5 million through equity-linked financings and eliminated secured parent-level debt, bolstering its financial flexibility.
3. Strategic Expansions and Integration
In November 2025 reAlpha acquired real estate services firm Prevu and signed a definitive agreement to acquire InstaMortgage to add direct lending capabilities. The licensed footprint now spans 35 states plus D.C., and the AI-powered Claire assistant and internal loan officer tools are being deployed to streamline the homebuying journey.