vs

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

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $895.3K, roughly 4.6× reAlpha Tech Corp.). CaliberCos Inc. runs the higher net margin — -188.3% vs -541.6%, a 353.3% gap on every dollar of revenue. On growth, reAlpha Tech Corp. posted the faster year-over-year revenue change (70.1% vs -52.5%). Over the past eight quarters, reAlpha Tech Corp.'s revenue compounded faster (562.1% CAGR vs -57.6%).

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.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

AIRE vs CWD — Head-to-Head

Bigger by revenue
CWD
CWD
4.6× larger
CWD
$4.1M
$895.3K
AIRE
Growing faster (revenue YoY)
AIRE
AIRE
+122.6% gap
AIRE
70.1%
-52.5%
CWD
Higher net margin
CWD
CWD
353.3% more per $
CWD
-188.3%
-541.6%
AIRE
Faster 2-yr revenue CAGR
AIRE
AIRE
Annualised
AIRE
562.1%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIRE
AIRE
CWD
CWD
Revenue
$895.3K
$4.1M
Net Profit
$-4.8M
$-7.7M
Gross Margin
62.7%
Operating Margin
-507.8%
-196.6%
Net Margin
-541.6%
-188.3%
Revenue YoY
70.1%
-52.5%
Net Profit YoY
76.9%
32.2%
EPS (diluted)
$-0.02
$1.95

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
CWD
CWD
Q4 25
$895.3K
$4.1M
Q3 25
$1.4M
$3.6M
Q2 25
$1.3M
$5.1M
Q1 25
$925.6K
$7.3M
Q4 24
$526.4K
$8.7M
Q3 24
$339.2K
$11.3M
Q2 24
$62.4K
$8.2M
Q1 24
$20.4K
$23.0M
Net Profit
AIRE
AIRE
CWD
CWD
Q4 25
$-4.8M
$-7.7M
Q3 25
$-5.8M
$-4.4M
Q2 25
$-4.1M
$-5.3M
Q1 25
$-2.8M
$-4.4M
Q4 24
$-21.0M
$-11.4M
Q3 24
$-2.1M
$146.0K
Q2 24
$-1.5M
$-4.7M
Q1 24
$-1.4M
$-3.8M
Gross Margin
AIRE
AIRE
CWD
CWD
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
CWD
CWD
Q4 25
-507.8%
-196.6%
Q3 25
-342.4%
-129.6%
Q2 25
-326.5%
-112.4%
Q1 25
-261.7%
-62.7%
Q4 24
-524.6%
-236.8%
Q3 24
-479.1%
0.0%
Q2 24
-1939.6%
-65.0%
Q1 24
-6397.0%
-22.9%
Net Margin
AIRE
AIRE
CWD
CWD
Q4 25
-541.6%
-188.3%
Q3 25
-400.1%
-120.2%
Q2 25
-328.3%
-104.5%
Q1 25
-307.9%
-60.7%
Q4 24
-3994.4%
-247.6%
Q3 24
-618.6%
1.3%
Q2 24
-2370.9%
-57.8%
Q1 24
-6946.9%
-16.6%
EPS (diluted)
AIRE
AIRE
CWD
CWD
Q4 25
$-0.02
$1.95
Q3 25
$-0.07
$-1.65
Q2 25
$-0.08
$-4.15
Q1 25
$-0.06
$-3.85
Q4 24
$-0.47
$-10.15
Q3 24
$-0.05
$0.12
Q2 24
$-0.03
$-4.34
Q1 24
$-0.03
$-3.53

Balance Sheet & Financial Strength

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

Metric
AIRE
AIRE
CWD
CWD
Cash + ST InvestmentsLiquidity on hand
$7.8M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$1.3M
Total Assets
$21.7M
$135.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRE
AIRE
CWD
CWD
Q4 25
$7.8M
$2.9M
Q3 25
$10.9M
Q2 25
$587.3K
$683.0K
Q1 25
$1.2M
$1.6M
Q4 24
$3.1M
$2.3M
Q3 24
$7.1M
$1.6M
Q2 24
$3.7M
$1.8M
Q1 24
$4.8M
$2.1M
Total Debt
AIRE
AIRE
CWD
CWD
Q4 25
Q3 25
Q2 25
$152.9K
Q1 25
Q4 24
$241.1K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIRE
AIRE
CWD
CWD
Q4 25
$11.5M
$1.3M
Q3 25
$10.9M
$4.2M
Q2 25
$-1.1M
$-19.9M
Q1 25
$-972.3K
$-15.8M
Q4 24
$1.6M
$-12.6M
Q3 24
$22.5M
$-3.8M
Q2 24
$22.2M
$-4.7M
Q1 24
$23.3M
$-745.0K
Total Assets
AIRE
AIRE
CWD
CWD
Q4 25
$21.7M
$135.4M
Q3 25
$19.7M
$82.6M
Q2 25
$15.5M
$59.3M
Q1 25
$18.5M
$103.6M
Q4 24
$12.0M
$105.5M
Q3 24
$34.2M
$158.6M
Q2 24
$24.6M
$195.2M
Q1 24
$25.4M
$201.5M
Debt / Equity
AIRE
AIRE
CWD
CWD
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
CWD
CWD
Operating Cash FlowLast quarter
$-11.3M
$-12.1M
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
CWD
CWD
Q4 25
$-11.3M
$-12.1M
Q3 25
$-4.2M
$-4.6M
Q2 25
$-2.3M
$-1.2M
Q1 25
$-2.3M
$-1.7M
Q4 24
$-6.0M
$555.0K
Q3 24
$-1.3M
$-74.0K
Q2 24
$-1.0M
$1.4M
Q1 24
$-1.5M
$-1.5M
Free Cash Flow
AIRE
AIRE
CWD
CWD
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
CWD
CWD
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
CWD
CWD
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
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons