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

Lipocine Inc. is the larger business by last-quarter revenue ($1.1M vs $895.3K, roughly 1.3× reAlpha Tech Corp.). On growth, reAlpha Tech Corp. posted the faster year-over-year revenue change (70.1% vs -67.2%).

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.

Lipocine Inc is a clinical-stage biopharmaceutical company specializing in the development of hormone-based therapies. Its core product pipeline targets unmet medical needs in men's health, women's health, and liver disease, with primary operations and market focus in the United States. It prioritizes oral formulation innovation to improve patient treatment accessibility and adherence.

AIRE vs LPCN — Head-to-Head

Bigger by revenue
LPCN
LPCN
1.3× larger
LPCN
$1.1M
$895.3K
AIRE
Growing faster (revenue YoY)
AIRE
AIRE
+137.3% gap
AIRE
70.1%
-67.2%
LPCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIRE
AIRE
LPCN
LPCN
Revenue
$895.3K
$1.1M
Net Profit
$-4.8M
Gross Margin
62.7%
Operating Margin
-507.8%
Net Margin
-541.6%
Revenue YoY
70.1%
-67.2%
Net Profit YoY
76.9%
-233.0%
EPS (diluted)
$-0.02

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
LPCN
LPCN
Q4 25
$895.3K
$1.1M
Q3 25
$1.4M
Q2 25
$1.3M
Q1 25
$925.6K
Q4 24
$526.4K
Q3 24
$339.2K
$0
Q2 24
$62.4K
Q1 24
$20.4K
$7.6M
Net Profit
AIRE
AIRE
LPCN
LPCN
Q4 25
$-4.8M
Q3 25
$-5.8M
Q2 25
$-4.1M
Q1 25
$-2.8M
Q4 24
$-21.0M
Q3 24
$-2.1M
$-2.2M
Q2 24
$-1.5M
Q1 24
$-1.4M
$3.5M
Gross Margin
AIRE
AIRE
LPCN
LPCN
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
LPCN
LPCN
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%
42.3%
Net Margin
AIRE
AIRE
LPCN
LPCN
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%
46.1%
EPS (diluted)
AIRE
AIRE
LPCN
LPCN
Q4 25
$-0.02
Q3 25
$-0.07
Q2 25
$-0.08
Q1 25
$-0.06
Q4 24
$-0.47
Q3 24
$-0.05
$-0.44
Q2 24
$-0.03
Q1 24
$-0.03
$0.66

Balance Sheet & Financial Strength

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

Metric
AIRE
AIRE
LPCN
LPCN
Cash + ST InvestmentsLiquidity on hand
$7.8M
$5.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$14.5M
Total Assets
$21.7M
$17.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRE
AIRE
LPCN
LPCN
Q4 25
$7.8M
$5.2M
Q3 25
Q2 25
$587.3K
Q1 25
$1.2M
Q4 24
$3.1M
Q3 24
$7.1M
$3.7M
Q2 24
$3.7M
Q1 24
$4.8M
$3.1M
Total Debt
AIRE
AIRE
LPCN
LPCN
Q4 25
Q3 25
Q2 25
$152.9K
Q1 25
Q4 24
$241.1K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIRE
AIRE
LPCN
LPCN
Q4 25
$11.5M
$14.5M
Q3 25
$10.9M
Q2 25
$-1.1M
Q1 25
$-972.3K
Q4 24
$1.6M
Q3 24
$22.5M
$19.1M
Q2 24
$22.2M
Q1 24
$23.3M
$24.0M
Total Assets
AIRE
AIRE
LPCN
LPCN
Q4 25
$21.7M
$17.0M
Q3 25
$19.7M
Q2 25
$15.5M
Q1 25
$18.5M
Q4 24
$12.0M
Q3 24
$34.2M
$20.7M
Q2 24
$24.6M
Q1 24
$25.4M
$25.4M
Debt / Equity
AIRE
AIRE
LPCN
LPCN
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
LPCN
LPCN
Operating Cash FlowLast quarter
$-11.3M
$-9.8M
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
LPCN
LPCN
Q4 25
$-11.3M
$-9.8M
Q3 25
$-4.2M
Q2 25
$-2.3M
Q1 25
$-2.3M
Q4 24
$-6.0M
Q3 24
$-1.3M
$-2.8M
Q2 24
$-1.0M
Q1 24
$-1.5M
$2.4M
Free Cash Flow
AIRE
AIRE
LPCN
LPCN
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
LPCN
LPCN
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
LPCN
LPCN
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
LPCN
LPCN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.69×

Financial Flow Comparison

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

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