reAlpha Tech Corp. (NASDAQ: AIRE) announced the appointment of Thomas Kutzman as its new Chief Financial Officer, effective February 25, 2026. Kutzman succeeds Piyush Phadke and will report directly to CEO Mike Logozzo.
Kutzman brings more than 12 years of experience in financial markets, having held investment and trading roles at SAC Capital, JPMorgan, Citi, and Jabre Capital Partners. He co‑founded Prevu, a digital‑first home‑buying platform that reAlpha acquired in November 2025, and later led reAlpha Realty during the integration of Prevu’s operations into the company’s broader real‑estate technology ecosystem.
The appointment signals reAlpha’s intent to strengthen its financial discipline and capital‑raising capabilities as it continues to invest heavily in AI‑powered real‑estate services and expand into new markets. The company’s recent capital raises—including a $5 million registered direct offering in July 2025 and an increase in its at‑the‑market offering to $20 million in February 2026—along with the repayment of a secured promissory note, underscore the importance of experienced financial leadership in navigating ongoing liquidity challenges and growth initiatives.
In Q3 2025, reAlpha reported a 326 % year‑over‑year revenue increase to $1.445 billion, but its gross profit margin fell from 67 % to 52 % as lower‑margin mortgage brokerage services grew. The company has continued to post net losses and cash burn, prompting the recent capital raises and the need for disciplined capital management.
“The intersection of real estate and technology is being reshaped by artificial intelligence, describing it as ‘a secular trend that will define the next decade of innovation in our industry,’” Kutzman said in a statement announcing his appointment.
Piyush Phadke, the outgoing CFO, noted in November 2025 that “we are encouraged by the progress we made this quarter as our strategy continues to take hold. We believe we are well‑positioned to continue delivering revenue growth in the coming quarters, driven by a stronger balance sheet and continued investment in AI to reinforce the foundation for sustainable performance and long‑term value creation that we have been building.”
CEO Mike Logozzo added that the repayment of the secured promissory note “marks a pivotal milestone for reAlpha. Now, we are well‑positioned to accelerate our product development and market expansion, as well as pursue strategic acquisitions and partnerships that broaden our AI‑driven platform for homebuyers.”
The new CFO will oversee financial operations, capital strategy, and key corporate functions such as human resources and legal, positioning the company to manage its liquidity, support its AI investment pipeline, and execute its acquisition‑driven growth strategy.
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