reAlpha Files InstaMortgage Financials: Pro Forma Revenue Hits $11.8M, Goodwill $5.4M
AIRE sits 16% above its 52-week low of $1.25.
Summary
reAlpha filed the required financial statements for its InstaMortgage acquisition, showing pro forma combined 2025 revenue of $11.8M and revealing a $6.8M fair-value purchase price with $5.4M in goodwill.
Key Events · M&A and Partnerships · AIRE
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Pro Forma Financials Filed
Combined 2025 revenue of $11.78M (2.6x reAlpha standalone) and H1 2026 revenue of $6.43M; InstaMortgage contributed $7.26M and $4.48M respectively.
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Purchase Price Allocation
Total fair value of consideration transferred $6.8M: $881K cash, $172.7K stock (119,904 shares at $1.44), and $5.75M present value of deferred consideration.
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Goodwill and Intangibles
Preliminary goodwill of $5.44M and a $517,500 trade name/trademark intangible asset amortized over 10 years.
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Deferred Consideration Obligation
$6.5M payable in six semiannual installments through August 2029, with at least $1.5M in cash; discounted at 7.4%.
Analysis · AIRE · Real Estate & Construction
This amendment delivers the audited financials and pro forma statements required for the InstaMortgage acquisition, quantifying the deal's impact for the first time. The combined entity would have generated $11.8M in 2025 revenue — roughly 2.6x reAlpha's standalone figure — and the purchase price allocation reveals $5.4M in goodwill plus a $517,500 trade name asset. Against a backdrop of a going-concern warning and a 3-month cash runway disclosed in August, the added scale and InstaMortgage's positive net income are meaningful, but the $6.5M deferred consideration and $4.5M assumed warehouse debt also add fixed obligations to a company with limited liquidity.
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At the time of this filing, AIRE was trading at $1.45 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $8.6M. The 52-week trading range was $1.25 to $32.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.