reAlpha Tech Corp.
AIRE Real Estate Real Estate Services
In the quarter to June 2026, revenue fell 11.4%, EPS grew 71.5%, free cash flow was flat and total debt fell 70.7%, each against the same quarter a year earlier.
Follow AIRE
reAlpha Tech Corp. (AIRE) Beneish M-score
reAlpha Tech Corp.'s Beneish M-score for fiscal 2025 cannot be worked out: not meaningful for banks, insurers and REITs.
Beneish M-score, annual
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.07 | — | 0.07 | |
| Gross margin index | 1.26 | — | 0.66 | |
| Asset quality index | 0.84 | — | 0.34 | |
| Sales growth index | 4.76 | — | 4.25 | |
| Depreciation index | 0.91 | — | 0.11 | |
| SG&A index | 0.72 | — | −0.12 | |
| Total accruals to total assets | (0.29) | — | −1.36 | |
| Leverage index | 0.22 | — | −0.07 | |
| Beneish M-score | n/a — not meaningful for banks, insurers and REITs | — | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| OMH Ohmyhome Limited compare | — |
| NYC American Strategic Investment Co. compare | — |
| FTHM Fathom Holdings Inc. compare | — |
| OPAD Offerpad Solutions Inc. compare | — |
| LHAI Linkhome Holdings Inc. compare | — |
| AIRE reAlpha Tech Corp. | — |
| GYRO Gyrodyne , LLC compare | — |
| LEJUY Leju Holdings Limited compare | — |
| GBR New Concept Energy, Inc compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI