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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

Bigger by revenue
AIRE
AIRE
1.3× larger
AIRE
$895.3K
$707.3K
PAPL
Growing faster (revenue YoY)
AIRE
AIRE
+74.9% gap
AIRE
70.1%
-4.8%
PAPL
Higher net margin
AIRE
AIRE
2214.6% more per $
AIRE
-541.6%
-2756.2%
PAPL
More free cash flow
PAPL
PAPL
$8.0M more FCF
PAPL
$-3.3M
$-11.3M
AIRE
Faster 2-yr revenue CAGR
AIRE
AIRE
Annualised
AIRE
562.1%
-2.0%
PAPL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AIRE
AIRE
PAPL
PAPL
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.

Revenue
AIRE
AIRE
PAPL
PAPL
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
Net Profit
AIRE
AIRE
PAPL
PAPL
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
Gross Margin
AIRE
AIRE
PAPL
PAPL
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%
Operating Margin
AIRE
AIRE
PAPL
PAPL
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%
Net Margin
AIRE
AIRE
PAPL
PAPL
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%
EPS (diluted)
AIRE
AIRE
PAPL
PAPL
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
AIRE
AIRE
PAPL
PAPL
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.

Cash + ST Investments
AIRE
AIRE
PAPL
PAPL
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
Total Debt
AIRE
AIRE
PAPL
PAPL
Q1 26
Q4 25
Q3 25
Q2 25
$152.9K
Q1 25
Q4 24
$241.1K
Q3 24
Q2 24
Stockholders' Equity
AIRE
AIRE
PAPL
PAPL
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
Total Assets
AIRE
AIRE
PAPL
PAPL
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
Debt / Equity
AIRE
AIRE
PAPL
PAPL
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
AIRE
AIRE
PAPL
PAPL
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.

Operating Cash Flow
AIRE
AIRE
PAPL
PAPL
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
Free Cash Flow
AIRE
AIRE
PAPL
PAPL
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
FCF Margin
AIRE
AIRE
PAPL
PAPL
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%
Capex Intensity
AIRE
AIRE
PAPL
PAPL
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.

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