vs

Side-by-side financial comparison of reAlpha Tech Corp. (AIRE) and Bluerock Homes Trust, Inc. (BHM). Click either name above to swap in a different company.

Bluerock Homes Trust, Inc. is the larger business by last-quarter revenue ($18.9M vs $895.3K, roughly 21.1× reAlpha Tech Corp.). Bluerock Homes Trust, Inc. runs the higher net margin — -50.1% vs -541.6%, a 491.5% gap on every dollar of revenue. On growth, reAlpha Tech Corp. posted the faster year-over-year revenue change (70.1% vs 36.9%). reAlpha Tech Corp. produced more free cash flow last quarter ($-2.4M vs $-4.2M). Over the past eight quarters, reAlpha Tech Corp.'s revenue compounded faster (562.1% CAGR vs 30.1%).

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.

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

AIRE vs BHM — Head-to-Head

Bigger by revenue
BHM
BHM
21.1× larger
BHM
$18.9M
$895.3K
AIRE
Growing faster (revenue YoY)
AIRE
AIRE
+33.2% gap
AIRE
70.1%
36.9%
BHM
Higher net margin
BHM
BHM
491.5% more per $
BHM
-50.1%
-541.6%
AIRE
More free cash flow
AIRE
AIRE
$1.8M more FCF
AIRE
$-2.4M
$-4.2M
BHM
Faster 2-yr revenue CAGR
AIRE
AIRE
Annualised
AIRE
562.1%
30.1%
BHM

Income Statement — Q4 2025 vs Q4 2025

Metric
AIRE
AIRE
BHM
BHM
Revenue
$895.3K
$18.9M
Net Profit
$-4.8M
$-9.5M
Gross Margin
62.7%
Operating Margin
-507.8%
-48.8%
Net Margin
-541.6%
-50.1%
Revenue YoY
70.1%
36.9%
Net Profit YoY
76.9%
-29.9%
EPS (diluted)
$-0.02
$-0.75

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
BHM
BHM
Q4 25
$895.3K
$18.9M
Q3 25
$1.4M
$16.6M
Q2 25
$1.3M
$16.8M
Q1 25
$925.6K
$16.4M
Q4 24
$526.4K
$13.8M
Q3 24
$339.2K
$12.7M
Q2 24
$62.4K
$12.5M
Q1 24
$20.4K
$11.2M
Net Profit
AIRE
AIRE
BHM
BHM
Q4 25
$-4.8M
$-9.5M
Q3 25
$-5.8M
$-10.0M
Q2 25
$-4.1M
$-5.8M
Q1 25
$-2.8M
$-7.3M
Q4 24
$-21.0M
$-7.3M
Q3 24
$-2.1M
$3.5M
Q2 24
$-1.5M
$-5.2M
Q1 24
$-1.4M
$-3.2M
Gross Margin
AIRE
AIRE
BHM
BHM
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
BHM
BHM
Q4 25
-507.8%
-48.8%
Q3 25
-342.4%
-57.6%
Q2 25
-326.5%
-30.9%
Q1 25
-261.7%
-42.6%
Q4 24
-524.6%
-52.8%
Q3 24
-479.1%
27.9%
Q2 24
-1939.6%
-41.3%
Q1 24
-6397.0%
-28.4%
Net Margin
AIRE
AIRE
BHM
BHM
Q4 25
-541.6%
-50.1%
Q3 25
-400.1%
-60.0%
Q2 25
-328.3%
-34.7%
Q1 25
-307.9%
-44.7%
Q4 24
-3994.4%
-52.8%
Q3 24
-618.6%
27.9%
Q2 24
-2370.9%
-41.3%
Q1 24
-6946.9%
-28.4%
EPS (diluted)
AIRE
AIRE
BHM
BHM
Q4 25
$-0.02
$-0.75
Q3 25
$-0.07
$-0.94
Q2 25
$-0.08
$-0.66
Q1 25
$-0.06
$-0.67
Q4 24
$-0.47
$-0.65
Q3 24
$-0.05
$0.24
Q2 24
$-0.03
$-0.42
Q1 24
$-0.03
$-0.27

Balance Sheet & Financial Strength

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

Metric
AIRE
AIRE
BHM
BHM
Cash + ST InvestmentsLiquidity on hand
$7.8M
$169.6M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$11.5M
$128.7M
Total Assets
$21.7M
$1.2B
Debt / EquityLower = less leverage
3.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRE
AIRE
BHM
BHM
Q4 25
$7.8M
$169.6M
Q3 25
$2.1M
Q2 25
$587.3K
$4.2M
Q1 25
$1.2M
$3.0M
Q4 24
$3.1M
$115.2M
Q3 24
$7.1M
$155.1M
Q2 24
$3.7M
$116.0M
Q1 24
$4.8M
$92.3M
Total Debt
AIRE
AIRE
BHM
BHM
Q4 25
$428.4M
Q3 25
$415.9M
Q2 25
$152.9K
$338.6M
Q1 25
$336.5M
Q4 24
$241.1K
$373.8M
Q3 24
$122.5M
Q2 24
$119.7M
Q1 24
$120.2M
Stockholders' Equity
AIRE
AIRE
BHM
BHM
Q4 25
$11.5M
$128.7M
Q3 25
$10.9M
$131.7M
Q2 25
$-1.1M
$135.3M
Q1 25
$-972.3K
$137.1M
Q4 24
$1.6M
$139.1M
Q3 24
$22.5M
$142.9M
Q2 24
$22.2M
$142.5M
Q1 24
$23.3M
$144.5M
Total Assets
AIRE
AIRE
BHM
BHM
Q4 25
$21.7M
$1.2B
Q3 25
$19.7M
$222.1M
Q2 25
$15.5M
$220.3M
Q1 25
$18.5M
$186.2M
Q4 24
$12.0M
$967.0M
Q3 24
$34.2M
$800.8M
Q2 24
$24.6M
$756.2M
Q1 24
$25.4M
$727.4M
Debt / Equity
AIRE
AIRE
BHM
BHM
Q4 25
3.33×
Q3 25
3.16×
Q2 25
2.50×
Q1 25
2.45×
Q4 24
0.15×
2.69×
Q3 24
0.86×
Q2 24
0.84×
Q1 24
0.83×

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
BHM
BHM
Operating Cash FlowLast quarter
$-2.4M
$-491.0K
Free Cash FlowOCF − Capex
$-2.4M
$-4.2M
FCF MarginFCF / Revenue
-270.9%
-22.1%
Capex IntensityCapex / Revenue
1.1%
19.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.3M
$10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRE
AIRE
BHM
BHM
Q4 25
$-2.4M
$-491.0K
Q3 25
$-4.2M
$13.4M
Q2 25
$-2.3M
$13.9M
Q1 25
$-2.3M
$951.0K
Q4 24
$-2.2M
$5.0M
Q3 24
$-1.3M
$1.7M
Q2 24
$-1.0M
$1.3M
Q1 24
$-1.5M
$1.1M
Free Cash Flow
AIRE
AIRE
BHM
BHM
Q4 25
$-2.4M
$-4.2M
Q3 25
$-4.3M
$8.7M
Q2 25
$-2.3M
$8.8M
Q1 25
$-2.3M
$-2.9M
Q4 24
$1.6M
Q3 24
$-1.3M
$-601.0K
Q2 24
$-654.0K
Q1 24
$-630.0K
FCF Margin
AIRE
AIRE
BHM
BHM
Q4 25
-270.9%
-22.1%
Q3 25
-294.1%
52.4%
Q2 25
-187.5%
52.2%
Q1 25
-246.4%
-17.6%
Q4 24
11.8%
Q3 24
-372.2%
-4.7%
Q2 24
-5.2%
Q1 24
-5.6%
Capex Intensity
AIRE
AIRE
BHM
BHM
Q4 25
1.1%
19.6%
Q3 25
0.4%
28.5%
Q2 25
1.1%
30.3%
Q1 25
1.5%
23.4%
Q4 24
24.4%
Q3 24
2.2%
18.0%
Q2 24
15.3%
Q1 24
15.5%
Cash Conversion
AIRE
AIRE
BHM
BHM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.47×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AIRE
AIRE

Segment breakdown not available.

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

Related Comparisons