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

Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $895.3K, roughly 153.6× reAlpha Tech Corp.). Terreno Realty Corp runs the higher net margin — 115.1% vs -541.6%, a 656.7% gap on every dollar of revenue. On growth, reAlpha Tech Corp. posted the faster year-over-year revenue change (70.1% vs 32.6%). Over the past eight quarters, reAlpha Tech Corp.'s revenue compounded faster (562.1% CAGR vs 27.2%).

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.

Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.

AIRE vs TRNO — Head-to-Head

Bigger by revenue
TRNO
TRNO
153.6× larger
TRNO
$137.5M
$895.3K
AIRE
Growing faster (revenue YoY)
AIRE
AIRE
+37.5% gap
AIRE
70.1%
32.6%
TRNO
Higher net margin
TRNO
TRNO
656.7% more per $
TRNO
115.1%
-541.6%
AIRE
Faster 2-yr revenue CAGR
AIRE
AIRE
Annualised
AIRE
562.1%
27.2%
TRNO

Income Statement — Q4 2025 vs Q4 2025

Metric
AIRE
AIRE
TRNO
TRNO
Revenue
$895.3K
$137.5M
Net Profit
$-4.8M
$158.2M
Gross Margin
62.7%
Operating Margin
-507.8%
Net Margin
-541.6%
115.1%
Revenue YoY
70.1%
32.6%
Net Profit YoY
76.9%
107.9%
EPS (diluted)
$-0.02
$1.54

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
TRNO
TRNO
Q4 25
$895.3K
$137.5M
Q3 25
$1.4M
$116.2M
Q2 25
$1.3M
$112.2M
Q1 25
$925.6K
$110.4M
Q4 24
$526.4K
$103.7M
Q3 24
$339.2K
$99.6M
Q2 24
$62.4K
$94.2M
Q1 24
$20.4K
$85.0M
Net Profit
AIRE
AIRE
TRNO
TRNO
Q4 25
$-4.8M
$158.2M
Q3 25
$-5.8M
$103.4M
Q2 25
$-4.1M
$93.3M
Q1 25
$-2.8M
$48.1M
Q4 24
$-21.0M
$76.1M
Q3 24
$-2.1M
$36.6M
Q2 24
$-1.5M
$35.7M
Q1 24
$-1.4M
$36.1M
Gross Margin
AIRE
AIRE
TRNO
TRNO
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
TRNO
TRNO
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
TRNO
TRNO
Q4 25
-541.6%
115.1%
Q3 25
-400.1%
88.9%
Q2 25
-328.3%
83.1%
Q1 25
-307.9%
43.6%
Q4 24
-3994.4%
73.4%
Q3 24
-618.6%
36.8%
Q2 24
-2370.9%
37.9%
Q1 24
-6946.9%
42.4%
EPS (diluted)
AIRE
AIRE
TRNO
TRNO
Q4 25
$-0.02
$1.54
Q3 25
$-0.07
$1.00
Q2 25
$-0.08
$0.90
Q1 25
$-0.06
$0.47
Q4 24
$-0.47
$0.78
Q3 24
$-0.05
$0.37
Q2 24
$-0.03
$0.37
Q1 24
$-0.03
$0.40

Balance Sheet & Financial Strength

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

Metric
AIRE
AIRE
TRNO
TRNO
Cash + ST InvestmentsLiquidity on hand
$7.8M
$25.0M
Total DebtLower is stronger
$943.3M
Stockholders' EquityBook value
$11.5M
$4.1B
Total Assets
$21.7M
$5.4B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRE
AIRE
TRNO
TRNO
Q4 25
$7.8M
$25.0M
Q3 25
$26.2M
Q2 25
$587.3K
$128.4M
Q1 25
$1.2M
$156.5M
Q4 24
$3.1M
$18.1M
Q3 24
$7.1M
$243.7M
Q2 24
$3.7M
$182.0M
Q1 24
$4.8M
$649.6M
Total Debt
AIRE
AIRE
TRNO
TRNO
Q4 25
$943.3M
Q3 25
$1.0B
Q2 25
$152.9K
$742.4M
Q1 25
$741.9M
Q4 24
$241.1K
$823.4M
Q3 24
$672.2M
Q2 24
$772.0M
Q1 24
$771.8M
Stockholders' Equity
AIRE
AIRE
TRNO
TRNO
Q4 25
$11.5M
$4.1B
Q3 25
$10.9M
$4.0B
Q2 25
$-1.1M
$3.9B
Q1 25
$-972.3K
$3.9B
Q4 24
$1.6M
$3.7B
Q3 24
$22.5M
$3.6B
Q2 24
$22.2M
$3.4B
Q1 24
$23.3M
$3.4B
Total Assets
AIRE
AIRE
TRNO
TRNO
Q4 25
$21.7M
$5.4B
Q3 25
$19.7M
$5.3B
Q2 25
$15.5M
$5.0B
Q1 25
$18.5M
$4.9B
Q4 24
$12.0M
$4.8B
Q3 24
$34.2M
$4.6B
Q2 24
$24.6M
$4.5B
Q1 24
$25.4M
$4.4B
Debt / Equity
AIRE
AIRE
TRNO
TRNO
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.19×
Q1 25
0.19×
Q4 24
0.15×
0.22×
Q3 24
0.19×
Q2 24
0.22×
Q1 24
0.22×

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
TRNO
TRNO
Operating Cash FlowLast quarter
$-2.4M
$70.3M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-270.9%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$-11.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRE
AIRE
TRNO
TRNO
Q4 25
$-2.4M
$70.3M
Q3 25
$-4.2M
$79.5M
Q2 25
$-2.3M
$60.6M
Q1 25
$-2.3M
$61.4M
Q4 24
$-2.2M
$51.3M
Q3 24
$-1.3M
$70.0M
Q2 24
$-1.0M
$64.3M
Q1 24
$-1.5M
$47.0M
Free Cash Flow
AIRE
AIRE
TRNO
TRNO
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
FCF Margin
AIRE
AIRE
TRNO
TRNO
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
Capex Intensity
AIRE
AIRE
TRNO
TRNO
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
Cash Conversion
AIRE
AIRE
TRNO
TRNO
Q4 25
0.44×
Q3 25
0.77×
Q2 25
0.65×
Q1 25
1.28×
Q4 24
0.67×
Q3 24
1.91×
Q2 24
1.80×
Q1 24
1.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AIRE
AIRE

Segment breakdown not available.

TRNO
TRNO

Disposal Group Disposed Of By Sale Not Discontinued Operations$109.5M80%
Other$23.8M17%
At Market Equity Offering Program500Million$4.1M3%

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