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

Mind Medicine (MindMed) Inc. is the larger business by last-quarter revenue ($906.0K vs $895.3K, roughly 1.0× reAlpha Tech Corp.). reAlpha Tech Corp. runs the higher net margin — -541.6% vs -2634.0%, a 2092.4% gap on every dollar of revenue. On growth, reAlpha Tech Corp. posted the faster year-over-year revenue change (70.1% vs -16.1%).

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.

Definium Therapeutics, Inc., formerly known as MindMed, is a New York-based biotechnology company that is currently developing clinical and therapeutic applications for psychedelic and, more broadly, psychoplastogenic drugs.

AIRE vs DFTX — Head-to-Head

Bigger by revenue
DFTX
DFTX
1.0× larger
DFTX
$906.0K
$895.3K
AIRE
Growing faster (revenue YoY)
AIRE
AIRE
+86.2% gap
AIRE
70.1%
-16.1%
DFTX
Higher net margin
AIRE
AIRE
2092.4% more per $
AIRE
-541.6%
-2634.0%
DFTX

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
AIRE
AIRE
DFTX
DFTX
Revenue
$895.3K
$906.0K
Net Profit
$-4.8M
$-23.9M
Gross Margin
62.7%
Operating Margin
-507.8%
-2450.8%
Net Margin
-541.6%
-2634.0%
Revenue YoY
70.1%
-16.1%
Net Profit YoY
76.9%
-386.7%
EPS (diluted)
$-0.02
$-0.58

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
DFTX
DFTX
Q4 25
$895.3K
Q3 25
$1.4M
Q2 25
$1.3M
Q1 25
$925.6K
Q4 24
$526.4K
Q3 24
$339.2K
Q2 24
$62.4K
Q1 24
$20.4K
Net Profit
AIRE
AIRE
DFTX
DFTX
Q4 25
$-4.8M
Q3 25
$-5.8M
Q2 25
$-4.1M
Q1 25
$-2.8M
Q4 24
$-21.0M
Q3 24
$-2.1M
Q2 24
$-1.5M
Q1 24
$-1.4M
Gross Margin
AIRE
AIRE
DFTX
DFTX
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
DFTX
DFTX
Q4 25
-507.8%
Q3 25
-342.4%
Q2 25
-326.5%
Q1 25
-261.7%
Q4 24
-524.6%
Q3 24
-479.1%
Q2 24
-1939.6%
Q1 24
-6397.0%
Net Margin
AIRE
AIRE
DFTX
DFTX
Q4 25
-541.6%
Q3 25
-400.1%
Q2 25
-328.3%
Q1 25
-307.9%
Q4 24
-3994.4%
Q3 24
-618.6%
Q2 24
-2370.9%
Q1 24
-6946.9%
EPS (diluted)
AIRE
AIRE
DFTX
DFTX
Q4 25
$-0.02
Q3 25
$-0.07
Q2 25
$-0.08
Q1 25
$-0.06
Q4 24
$-0.47
Q3 24
$-0.05
Q2 24
$-0.03
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
AIRE
AIRE
DFTX
DFTX
Cash + ST InvestmentsLiquidity on hand
$7.8M
$99.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$78.1M
Total Assets
$21.7M
$124.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRE
AIRE
DFTX
DFTX
Q4 25
$7.8M
Q3 25
Q2 25
$587.3K
Q1 25
$1.2M
Q4 24
$3.1M
Q3 24
$7.1M
Q2 24
$3.7M
Q1 24
$4.8M
Total Debt
AIRE
AIRE
DFTX
DFTX
Q4 25
Q3 25
Q2 25
$152.9K
Q1 25
Q4 24
$241.1K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIRE
AIRE
DFTX
DFTX
Q4 25
$11.5M
Q3 25
$10.9M
Q2 25
$-1.1M
Q1 25
$-972.3K
Q4 24
$1.6M
Q3 24
$22.5M
Q2 24
$22.2M
Q1 24
$23.3M
Total Assets
AIRE
AIRE
DFTX
DFTX
Q4 25
$21.7M
Q3 25
$19.7M
Q2 25
$15.5M
Q1 25
$18.5M
Q4 24
$12.0M
Q3 24
$34.2M
Q2 24
$24.6M
Q1 24
$25.4M
Debt / Equity
AIRE
AIRE
DFTX
DFTX
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
DFTX
DFTX
Operating Cash FlowLast quarter
$-11.3M
$-20.6M
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
DFTX
DFTX
Q4 25
$-11.3M
Q3 25
$-4.2M
Q2 25
$-2.3M
Q1 25
$-2.3M
Q4 24
$-6.0M
Q3 24
$-1.3M
Q2 24
$-1.0M
Q1 24
$-1.5M
Free Cash Flow
AIRE
AIRE
DFTX
DFTX
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
DFTX
DFTX
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
DFTX
DFTX
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

Financial Flow Comparison

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

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