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Side-by-side financial comparison of reAlpha Tech Corp. (AIRE) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $895.3K, roughly 211.7× reAlpha Tech Corp.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs -541.6%, a 606.1% gap on every dollar of revenue.
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.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
AIRE vs MRP — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $895.3K | $189.5M |
| Net Profit | $-4.8M | $122.2M |
| Gross Margin | 62.7% | — |
| Operating Margin | -507.8% | 84.8% |
| Net Margin | -541.6% | 64.5% |
| Revenue YoY | 70.1% | — |
| Net Profit YoY | 76.9% | 285.8% |
| EPS (diluted) | $-0.02 | $0.74 |
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.
| Q4 25 | $895.3K | $189.5M | ||
| Q3 25 | $1.4M | $179.3M | ||
| Q2 25 | $1.3M | $149.0M | ||
| Q1 25 | $925.6K | $82.7M | ||
| Q4 24 | $526.4K | — | ||
| Q3 24 | $339.2K | — | ||
| Q2 24 | $62.4K | — | ||
| Q1 24 | $20.4K | — |
| Q4 25 | $-4.8M | $122.2M | ||
| Q3 25 | $-5.8M | $105.1M | ||
| Q2 25 | $-4.1M | $112.8M | ||
| Q1 25 | $-2.8M | $39.8M | ||
| Q4 24 | $-21.0M | — | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $-1.5M | — | ||
| Q1 24 | $-1.4M | — |
| 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% | — |
| Q4 25 | -507.8% | 84.8% | ||
| Q3 25 | -342.4% | 85.3% | ||
| Q2 25 | -326.5% | 85.1% | ||
| Q1 25 | -261.7% | 55.2% | ||
| Q4 24 | -524.6% | — | ||
| Q3 24 | -479.1% | — | ||
| Q2 24 | -1939.6% | — | ||
| Q1 24 | -6397.0% | — |
| Q4 25 | -541.6% | 64.5% | ||
| Q3 25 | -400.1% | 58.6% | ||
| Q2 25 | -328.3% | 75.7% | ||
| Q1 25 | -307.9% | 48.1% | ||
| Q4 24 | -3994.4% | — | ||
| Q3 24 | -618.6% | — | ||
| Q2 24 | -2370.9% | — | ||
| Q1 24 | -6946.9% | — |
| Q4 25 | $-0.02 | $0.74 | ||
| Q3 25 | $-0.07 | $0.63 | ||
| Q2 25 | $-0.08 | $0.68 | ||
| Q1 25 | $-0.06 | $0.39 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.8M | $35.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $11.5M | $5.9B |
| Total Assets | $21.7M | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.8M | $35.0M | ||
| Q3 25 | — | $242.6M | ||
| Q2 25 | $587.3K | $66.6M | ||
| Q1 25 | $1.2M | $89.5M | ||
| Q4 24 | $3.1M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $3.7M | — | ||
| Q1 24 | $4.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $152.9K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $241.1K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $11.5M | $5.9B | ||
| Q3 25 | $10.9M | $5.9B | ||
| Q2 25 | $-1.1M | $5.9B | ||
| Q1 25 | $-972.3K | $5.9B | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $22.5M | — | ||
| Q2 24 | $22.2M | — | ||
| Q1 24 | $23.3M | — |
| Q4 25 | $21.7M | $9.3B | ||
| Q3 25 | $19.7M | $9.0B | ||
| Q2 25 | $15.5M | $8.0B | ||
| Q1 25 | $18.5M | $7.2B | ||
| Q4 24 | $12.0M | — | ||
| Q3 24 | $34.2M | — | ||
| Q2 24 | $24.6M | — | ||
| Q1 24 | $25.4M | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.4M | $3.4B |
| Free Cash FlowOCF − Capex | $-2.4M | — |
| FCF MarginFCF / Revenue | -270.9% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | 27.97× |
| TTM Free Cash FlowTrailing 4 quarters | $-11.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | $3.4B | ||
| Q3 25 | $-4.2M | $123.1M | ||
| Q2 25 | $-2.3M | $109.1M | ||
| Q1 25 | $-2.3M | $21.3M | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-1.3M | — | ||
| Q2 24 | $-1.0M | — | ||
| Q1 24 | $-1.5M | — |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | $-4.3M | — | ||
| Q2 25 | $-2.3M | — | ||
| Q1 25 | $-2.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -270.9% | — | ||
| Q3 25 | -294.1% | — | ||
| Q2 25 | -187.5% | — | ||
| Q1 25 | -246.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -372.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 27.97× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
