reAlpha Tech
AIRE on Nasdaq. Market value $8m.
Should I look at this?
Look carefully before going further
Why it could be worth it
Nothing stands out yet.
What to watch out for
Read the warning sign in its own filings
This is not advice.
Who owns it
None of the long-term investors we follow own it. 19 funds in all.
Largest holders overall
- Vanguard Capital Management$104,589
- Jane Street Group$83,378New
- Geode Capital Management$81,655
- BlackRock$78,470
- XTX Topco$58,361
- Vanguard Fiduciary Trust$43,977
- Citadel Advisors$42,865New
- UBS Group AG$13,965
- Tower Research Capital LLC (TRC)$2,955New
- Northwestern Mutual Wealth Management$386New
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
No one has reported a stake above 5% since December 2024.
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $5,537.
- Logozzo Michael J.CEO and Director, DirectorSold
- Date
- 11 August 2026
- Shares
- 1,639
- Price
- $1.50
- Value
- $2,463
- Devanur GiriExecutive Chairman, DirectorSold
- Date
- 11 August 2026
- Shares
- 1,999
- Price
- $1.54
- Value
- $3,074
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 August 2026 | Logozzo Michael J. CEO and Director, Director | Sold | 1,639 | $1.50 | $2,463 |
| 11 August 2026 | Devanur Giri Executive Chairman, Director | Sold | 1,999 | $1.54 | $3,074 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
1 serious warning sign in reAlpha Tech’s filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 12 Mar 2026, plus the 10-Q filed 14 Aug 2026 and 10 later 8-Ks.
Doubt it can keep going
SeriousThe company or its auditor warned it may not have enough money to last the next year.
“The Company’s recurring losses, negative operating cash flows, limited cash resources relative to its projected cash requirements, and dependence on access to external financing raise substantial doubt about its ability to continue as a going concern.”
Show the full paragraph
In accordance with ASC 205-40, Going Concern, management evaluated whether conditions and events, considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the unaudited condensed consolidated financial statements are issued. The Company’s recurring losses, negative operating cash flows, limited cash resources relative to its projected cash requirements, and dependence on access to external financing raise substantial doubt about its ability to continue as a going concern.
From the 10-Q filed 14 August 2026, Part I, Item 1. Financial Statements. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.