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Side-by-side financial comparison of reAlpha Tech Corp. (AIRE) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.
reAlpha Tech Corp. is the larger business by last-quarter revenue ($895.3K vs $707.3K, roughly 1.3× Pineapple Financial Inc.). reAlpha Tech Corp. runs the higher net margin — -541.6% vs -2756.2%, a 2214.6% gap on every dollar of revenue. On growth, reAlpha Tech Corp. posted the faster year-over-year revenue change (70.1% vs -4.8%). Pineapple Financial Inc. produced more free cash flow last quarter ($-3.3M vs $-11.3M). Over the past eight quarters, reAlpha Tech Corp.'s revenue compounded faster (562.1% CAGR vs -2.0%).
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.
AIRE vs PAPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $895.3K | $707.3K |
| Net Profit | $-4.8M | $-19.5M |
| Gross Margin | 62.7% | 48.9% |
| Operating Margin | -507.8% | -2518.8% |
| Net Margin | -541.6% | -2756.2% |
| Revenue YoY | 70.1% | -4.8% |
| Net Profit YoY | 76.9% | -3174.1% |
| EPS (diluted) | $-0.02 | $-1.21 |
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.
| Q1 26 | — | $707.3K | ||
| Q4 25 | $895.3K | $721.7K | ||
| Q3 25 | $1.4M | $730.5K | ||
| Q2 25 | $1.3M | $746.9K | ||
| Q1 25 | $925.6K | $743.3K | ||
| Q4 24 | $526.4K | $766.1K | ||
| Q3 24 | $339.2K | $598.3K | ||
| Q2 24 | $62.4K | $736.4K |
| Q1 26 | — | $-19.5M | ||
| Q4 25 | $-4.8M | $-6.4M | ||
| Q3 25 | $-5.8M | $-1.8M | ||
| Q2 25 | $-4.1M | $-557.7K | ||
| Q1 25 | $-2.8M | $-595.4K | ||
| Q4 24 | $-21.0M | $-656.9K | ||
| Q3 24 | $-2.1M | $-1.7M | ||
| Q2 24 | $-1.5M | $-848.6K |
| Q1 26 | — | 48.9% | ||
| Q4 25 | 62.7% | 49.6% | ||
| Q3 25 | 51.9% | 27.8% | ||
| Q2 25 | 49.6% | 67.6% | ||
| Q1 25 | 56.0% | 43.4% | ||
| Q4 24 | 71.1% | 45.9% | ||
| Q3 24 | 66.6% | 43.2% | ||
| Q2 24 | 70.7% | 44.2% |
| Q1 26 | — | -2518.8% | ||
| Q4 25 | -507.8% | -909.1% | ||
| Q3 25 | -342.4% | -131.3% | ||
| Q2 25 | -326.5% | -93.3% | ||
| Q1 25 | -261.7% | -80.6% | ||
| Q4 24 | -524.6% | -90.5% | ||
| Q3 24 | -479.1% | -232.8% | ||
| Q2 24 | -1939.6% | -121.7% |
| Q1 26 | — | -2756.2% | ||
| Q4 25 | -541.6% | -891.6% | ||
| Q3 25 | -400.1% | -250.3% | ||
| Q2 25 | -328.3% | -74.7% | ||
| Q1 25 | -307.9% | -80.1% | ||
| Q4 24 | -3994.4% | -85.7% | ||
| Q3 24 | -618.6% | -283.9% | ||
| Q2 24 | -2370.9% | -115.2% |
| Q1 26 | — | $-1.21 | ||
| Q4 25 | $-0.02 | $-4.79 | ||
| Q3 25 | $-0.07 | $-0.93 | ||
| Q2 25 | $-0.08 | $-0.05 | ||
| Q1 25 | $-0.06 | $-1.73 | ||
| Q4 24 | $-0.47 | $-2.60 | ||
| Q3 24 | $-0.05 | $-11.10 | ||
| Q2 24 | $-0.03 | $-0.12 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $11.5M | $27.1M |
| Total Assets | $21.7M | $48.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $152.9K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $241.1K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $27.1M | ||
| Q4 25 | $11.5M | $-5.5M | ||
| Q3 25 | $10.9M | $906.7K | ||
| Q2 25 | $-1.1M | $842.6K | ||
| Q1 25 | $-972.3K | $739.7K | ||
| Q4 24 | $1.6M | $1.3M | ||
| Q3 24 | $22.5M | $1.3M | ||
| Q2 24 | $22.2M | $2.0M |
| Q1 26 | — | $48.9M | ||
| Q4 25 | $21.7M | $10.6M | ||
| Q3 25 | $19.7M | $5.4M | ||
| Q2 25 | $15.5M | $4.7M | ||
| Q1 25 | $18.5M | $4.0M | ||
| Q4 24 | $12.0M | $4.1M | ||
| Q3 24 | $34.2M | $4.1M | ||
| Q2 24 | $24.6M | $4.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $-11.3M | $-3.3M |
| Free Cash FlowOCF − Capex | $-11.3M | $-3.3M |
| FCF MarginFCF / Revenue | -1262.7% | -462.7% |
| Capex IntensityCapex / Revenue | 4.8% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $-11.3M | $-489.7K | ||
| Q3 25 | $-4.2M | $-507.6K | ||
| Q2 25 | $-2.3M | $397.0K | ||
| Q1 25 | $-2.3M | $-172.6K | ||
| Q4 24 | $-6.0M | $-663.6K | ||
| Q3 24 | $-1.3M | $-264.7K | ||
| Q2 24 | $-1.0M | $123.0K |
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $-11.3M | $-491.7K | ||
| Q3 25 | $-4.3M | — | ||
| Q2 25 | $-2.3M | — | ||
| Q1 25 | $-2.3M | — | ||
| Q4 24 | $-6.1M | — | ||
| Q3 24 | $-1.3M | $-264.7K | ||
| Q2 24 | — | $122.7K |
| Q1 26 | — | -462.7% | ||
| Q4 25 | -1262.7% | -68.1% | ||
| Q3 25 | -294.1% | — | ||
| Q2 25 | -187.5% | — | ||
| Q1 25 | -246.4% | — | ||
| Q4 24 | -1150.2% | — | ||
| Q3 24 | -372.2% | -44.2% | ||
| Q2 24 | — | 16.7% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 4.8% | 0.3% | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | — | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.