Tap Real Estate Technologies, Inc. (RWAX) Operating Expenses (2021 - 2026)
Tap Real Estate Technologies' Operating Expenses came in at $1.75 million for Q1 2026, up 26.9% from $1.38 million a year earlier and up 28.3% from the prior quarter.
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Analysis
Tap Real Estate Technologies, Inc. (RWAX) Operating Expenses (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Tap Real Estate Technologies reported Operating Expenses of $7.99 million, down 2.1% year-over-year; for FY2025, it came in at $7.62 million, down 8.2% from FY2024.
- Operating Expenses has declined in each of the last three years, with a four-year compound annual growth rate of -28.3% (FY2021 to FY2025).
- Going back by year, Operating Expenses was $8.3 million in FY2024 (-17.5%), $10.06 million in FY2023 (-73.5%), $38.01 million in FY2022 (+32.1%) and $28.78 million in FY2021.
- The five-year range for quarterly Operating Expenses is -$2.41 million (Q4 2021) to $17.69 million (Q2 2021).
- Year-over-year, Operating Expenses increased in three of the last seven quarters, with growth averaging 4.3%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2025 (growth of 173.7%), and the weakest in Q3 2024 (a decline of 76.6%).
- Business Quant data shows RWAX's Operating Expenses at $1.37 million (Q4 2025), $2.98 million (Q3 2025) and $1.89 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.75 Mn |
| Dec 31, 2025 | 1.37 Mn |
| Sep 30, 2025 | 2.98 Mn |
| Jun 30, 2025 | 1.89 Mn |
| Mar 31, 2025 | 1.38 Mn |
| Dec 31, 2024 | 4.23 Mn |
| Sep 30, 2024 | 1.09 Mn |
| Jun 30, 2024 | 1.46 Mn |
| Mar 31, 2024 | 1.53 Mn |
| Dec 31, 2023 | -1.02 Mn |
| Sep 30, 2023 | 4.65 Mn |
| Jun 30, 2023 | 2.71 Mn |
| Mar 31, 2023 | 3.83 Mn |
| Dec 31, 2022 | 12.83 Mn |
| Sep 30, 2022 | 6.72 Mn |
| Jun 30, 2022 | 7.68 Mn |
| Mar 31, 2022 | 10.98 Mn |
| Dec 31, 2021 | -2.41 Mn |
| Sep 30, 2021 | 12.26 Mn |
| Jun 30, 2021 | 17.69 Mn |
API Access
Tap Real Estate Technologies, Inc. Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RWAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RWAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RWAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();