reAlpha Tech Corp. (NASDAQ: AIRE) completed its acquisition of Prevu Inc. on November 21, 2025, and publicly announced the deal on November 25. Prevu, a digital home‑buying platform that operates brokerage services in 12 states plus Washington, D.C., has closed more than 1,000 transactions and enjoys a 5‑star Google rating. The transaction adds 11 new licensed real‑estate markets to reAlpha’s portfolio, extending the company’s end‑to‑end home‑buying ecosystem across a broader national footprint.
The strategic rationale behind the deal is to deepen reAlpha’s vertically integrated platform by combining Prevu’s technology and brokerage network with reAlpha’s existing mortgage, title, and escrow capabilities. Management believes that integrating Prevu will unlock scale, improve operational consistency, and accelerate the company’s long‑term platform strategy. The acquisition also enhances reAlpha’s AI‑powered tools, positioning the firm to deliver conversational and operational efficiencies to a larger customer base.
Financially, reAlpha reported Q3 2025 revenue of $1.45 million, a 326% year‑over‑year increase driven by strong demand for its platform services. Adjusted EBITDA remained a loss of $1.5 million, while the expanded adjusted gross margin rose to 63% from 60% in the prior quarter, reflecting a favorable mix shift toward higher‑margin segments and improved operational leverage. The company’s net loss widened to $4.1 million in Q2 2025, underscoring ongoing profitability challenges amid high home prices and interest rates.
CEO Mike Logozzo said, “Prevu brings both additional market coverage and enhanced operational capabilities that we expect to accelerate reAlpha’s long‑term platform strategy.” He added that the integration will “unlock our ability to operate at scale and deliver greater consistency and transparency across the home‑buying journey.” Prevu CEO Thomas Kutzman noted, “Becoming part of the reAlpha team marks an exciting next chapter for Prevu, and our shared commitment to modernizing real estate through technology and operational excellence makes this a natural fit.”
The acquisition positions reAlpha to compete more effectively against larger real‑estate tech players by expanding its geographic reach and consolidating its service offering. While the deal’s financial terms remain undisclosed, the added market coverage and operational synergies are expected to support future revenue growth and margin improvement. The company’s recent capital raises and debt repayment plan provide a foundation for funding further acquisitions and AI development, reinforcing its long‑term growth strategy.
Headwinds include persistent high home prices, elevated interest rates, and continued net losses, which could pressure profitability. However, the company’s AI‑powered platform and the integration of Prevu’s rebate‑oriented brokerage model offer tailwinds that may drive customer acquisition and retention. Management remains focused on achieving operational scale while navigating macro‑economic headwinds, signaling confidence in the long‑term viability of its vertically integrated model.
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