# TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX) · Edgar & Edgarette company card

> Tap Real Estate Technologies (RWAX) reported revenue of $0 million in FY2025, operating margin null against a 5.0% median for durable goods, equity -212% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1119190 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/RWAX) · [JSON](https://www.pops4.com/boards/company/RWAX.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $0 |
| Revenue growth, 1 year | — |
| Revenue growth per year | — |
| Operating margin | -Infinity% (prior year -Infinity%) |
| Net margin | -Infinity% |
| Operating cash flow | −$2M |
| Capital spending | — |
| Free cash flow | — |
| Cash | — |
| Long-term debt | — |
| Total assets | $1M |
| Total equity | −$3M |
| Equity ÷ assets | -211.7% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -376.59 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative (-$1.7M in FY2025); operating loss: a margin of -Infinity% in FY2025

## Edgarette's reading

Exposure: revenue $0K (FY2025). Experience: one year on record; operating margin null, up from null. Soundness: equity -211.7% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Against peers (43 filers, $50M+ revenue, its industry group): operating margin null against a 5.0% median.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2025-12-31 ([filing](https://www.sec.gov/Archives/edgar/data/1119190/000149315225029799/0001493152-25-029799-index.htm))

## Recent filings

- 8-K · filed 2026-09-10 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1119190/000149315226042091/0001493152-26-042091-index.htm)
- 10-Q · filed 2026-08-12 · [filing](https://www.sec.gov/Archives/edgar/data/1119190/000149315226037332/0001493152-26-037332-index.htm)
- 8-K · filed 2026-07-02 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1119190/000149315226031682/0001493152-26-031682-index.htm)
- 8-K · filed 2026-05-29 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1119190/000149315226026350/0001493152-26-026350-index.htm)
- 10-Q · filed 2026-05-13 · [filing](https://www.sec.gov/Archives/edgar/data/1119190/000149315226022716/0001493152-26-022716-index.htm)
- 8-K · filed 2026-04-06 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1119190/000149315226015296/0001493152-26-015296-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001119190.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1119190

## Cite

POPS4, Edgar & Edgarette: TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/RWAX. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.