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Side-by-side financial comparison of reAlpha Tech Corp. (AIRE) and Applied Therapeutics, Inc. (APLT). Click either name above to swap in a different company.

Applied Therapeutics, Inc. is the larger business by last-quarter revenue ($1.0M vs $895.3K, roughly 1.1× reAlpha Tech Corp.). reAlpha Tech Corp. runs the higher net margin — -541.6% vs -1899.0%, a 1357.4% gap on every dollar of revenue. On growth, Applied Therapeutics, Inc. posted the faster year-over-year revenue change (719.7% vs 70.1%).

reAlpha Tech Corp is a proptech firm that leverages artificial intelligence to identify, acquire, and operate high-yield short-term residential rental properties primarily across the United States. It provides tech-powered property management solutions to enhance guest experiences and maximize returns for individual and institutional real estate investors.

Relief Therapeutics is a Swiss biopharmaceutical company based in Geneva. The company focuses on developing drugs for serious diseases with few or no existing treatment options. Its lead compound, RLF-100, is a synthetic form of a natural peptide that protects the lung. The company was incorporated as Relief Therapeutics Holdings AG (RFLB.S) and listed on the SIX Swiss Exchange in 2016.

AIRE vs APLT — Head-to-Head

Bigger by revenue
APLT
APLT
1.1× larger
APLT
$1.0M
$895.3K
AIRE
Growing faster (revenue YoY)
APLT
APLT
+649.6% gap
APLT
719.7%
70.1%
AIRE
Higher net margin
AIRE
AIRE
1357.4% more per $
AIRE
-541.6%
-1899.0%
APLT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AIRE
AIRE
APLT
APLT
Revenue
$895.3K
$1.0M
Net Profit
$-4.8M
$-19.0M
Gross Margin
62.7%
Operating Margin
-507.8%
-1675.8%
Net Margin
-541.6%
-1899.0%
Revenue YoY
70.1%
719.7%
Net Profit YoY
76.9%
72.3%
EPS (diluted)
$-0.02
$-0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIRE
AIRE
APLT
APLT
Q4 25
$895.3K
Q3 25
$1.4M
$1.0M
Q2 25
$1.3M
$0
Q1 25
$925.6K
$0
Q4 24
$526.4K
$-1.0K
Q3 24
$339.2K
Q2 24
$62.4K
$144.0K
Q1 24
$20.4K
$190.0K
Net Profit
AIRE
AIRE
APLT
APLT
Q4 25
$-4.8M
Q3 25
$-5.8M
$-19.0M
Q2 25
$-4.1M
$-21.3M
Q1 25
$-2.8M
$-21.8M
Q4 24
$-21.0M
$44.0M
Q3 24
$-2.1M
Q2 24
$-1.5M
$2.9M
Q1 24
$-1.4M
$-83.9M
Gross Margin
AIRE
AIRE
APLT
APLT
Q4 25
62.7%
Q3 25
51.9%
Q2 25
49.6%
Q1 25
56.0%
Q4 24
71.1%
Q3 24
66.6%
Q2 24
70.7%
Q1 24
10.7%
Operating Margin
AIRE
AIRE
APLT
APLT
Q4 25
-507.8%
Q3 25
-342.4%
-1675.8%
Q2 25
-326.5%
Q1 25
-261.7%
Q4 24
-524.6%
3302300.0%
Q3 24
-479.1%
Q2 24
-1939.6%
-14194.4%
Q1 24
-6397.0%
-11101.6%
Net Margin
AIRE
AIRE
APLT
APLT
Q4 25
-541.6%
Q3 25
-400.1%
-1899.0%
Q2 25
-328.3%
Q1 25
-307.9%
Q4 24
-3994.4%
-4400700.0%
Q3 24
-618.6%
Q2 24
-2370.9%
2012.5%
Q1 24
-6946.9%
-44177.9%
EPS (diluted)
AIRE
AIRE
APLT
APLT
Q4 25
$-0.02
Q3 25
$-0.07
$-0.13
Q2 25
$-0.08
$-0.15
Q1 25
$-0.06
$-0.15
Q4 24
$-0.47
$0.52
Q3 24
$-0.05
Q2 24
$-0.03
$-0.13
Q1 24
$-0.03
$-0.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIRE
AIRE
APLT
APLT
Cash + ST InvestmentsLiquidity on hand
$7.8M
$11.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$-561.0K
Total Assets
$21.7M
$34.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRE
AIRE
APLT
APLT
Q4 25
$7.8M
Q3 25
$11.9M
Q2 25
$587.3K
$30.4M
Q1 25
$1.2M
$50.8M
Q4 24
$3.1M
$79.4M
Q3 24
$7.1M
Q2 24
$3.7M
$122.2M
Q1 24
$4.8M
$146.5M
Total Debt
AIRE
AIRE
APLT
APLT
Q4 25
Q3 25
Q2 25
$152.9K
Q1 25
Q4 24
$241.1K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIRE
AIRE
APLT
APLT
Q4 25
$11.5M
Q3 25
$10.9M
$-561.0K
Q2 25
$-1.1M
$17.4M
Q1 25
$-972.3K
$36.7M
Q4 24
$1.6M
$57.0M
Q3 24
$22.5M
Q2 24
$22.2M
$72.4M
Q1 24
$23.3M
$67.3M
Total Assets
AIRE
AIRE
APLT
APLT
Q4 25
$21.7M
Q3 25
$19.7M
$34.4M
Q2 25
$15.5M
$37.3M
Q1 25
$18.5M
$56.9M
Q4 24
$12.0M
$86.7M
Q3 24
$34.2M
Q2 24
$24.6M
$127.8M
Q1 24
$25.4M
$151.2M
Debt / Equity
AIRE
AIRE
APLT
APLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.15×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIRE
AIRE
APLT
APLT
Operating Cash FlowLast quarter
$-11.3M
$-18.4M
Free Cash FlowOCF − Capex
$-11.3M
FCF MarginFCF / Revenue
-1262.7%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRE
AIRE
APLT
APLT
Q4 25
$-11.3M
Q3 25
$-4.2M
$-18.4M
Q2 25
$-2.3M
$-20.3M
Q1 25
$-2.3M
$-28.6M
Q4 24
$-6.0M
$-19.5M
Q3 24
$-1.3M
Q2 24
$-1.0M
$-22.6M
Q1 24
$-1.5M
$-18.9M
Free Cash Flow
AIRE
AIRE
APLT
APLT
Q4 25
$-11.3M
Q3 25
$-4.3M
Q2 25
$-2.3M
Q1 25
$-2.3M
Q4 24
$-6.1M
Q3 24
$-1.3M
Q2 24
Q1 24
FCF Margin
AIRE
AIRE
APLT
APLT
Q4 25
-1262.7%
Q3 25
-294.1%
Q2 25
-187.5%
Q1 25
-246.4%
Q4 24
-1150.2%
Q3 24
-372.2%
Q2 24
Q1 24
Capex Intensity
AIRE
AIRE
APLT
APLT
Q4 25
4.8%
Q3 25
0.4%
Q2 25
1.1%
Q1 25
1.5%
Q4 24
2.4%
Q3 24
2.2%
Q2 24
Q1 24
Cash Conversion
AIRE
AIRE
APLT
APLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.44×
Q3 24
Q2 24
-7.80×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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