reAlpha Tech

Revenue remains small and volatile. Reported Q2 2026 revenue was about 1.11 million dollars, and first‑half 2026 revenue was about 1.95 million dollars; TTM revenue through Q2 2026 is roughly 4.3 million dollars. Mortgage and brokerage volumes are cyclical and highly rate‑sensitive, and the business is still being reshaped by acquisitions.

Post‑NAR practice changes introduce additional uncertainty in buyer representation models. Predictability could improve if direct lending scale offsets cyclicality, but current evidence is insufficient.