# REALTYX, LLC X-17A-5 (2026-02-05) — Broker-dealer annual report
- Company: REALTYX, LLC
- Form: X-17A-5
- Filed: 2026-02-05
- Period: 2025-12-31
- Accession: 0001879200-26-000001
- CIK: 1879200
- File #: 8-70785
- Type: Broker-dealer
- Material weakness: No
- Auditor: Sanville & Company
- Auditor location: Huntingdon Valley, PA
- Contact: Andrew S. Kurian
- Phone: 203 227 9588
- Email: akurian@realtyx.us
- Website: realtyx.us
- Signed by: Andrew S. Kurian (President / FinOp)
Original filing: https://www.sec.gov/Archives/edgar/data/1879200/000187920026000001/document.pdf
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| UNITED STATES |
|----------------------------------|
| SECURmEs ANO EXCHANGE COMMISSION |
| Washincton, 0.C. 20549 |
## **ANNUAL REPORTS FORM X-17A-5 PART** Ill
| ova APPROVAL | |
|-------------------------|--|
| OMS N11mt>t-r 32U-0123 | |
| &91fes Nov. 10. »26 | |
| Es.tim~ iver•ce bul"den | |
| hours per r~~-
t 2 | |
| SEC fltlE NUMBER | |
| | |
8-70785
FACING **PAGE**
Information **Required** ,ursuant to Rules 17a-5, 17 12, and lla-7 under the Securities **Exchan1e Act** of 1934
FILING FOR THE PERIOD BEGINNING 01 /01 /25 AND ENDING 12/31 /25
MM/00/YY MM/00/YY
**A. REGISTRANT IDENTIFICATION**
NAME of FIRM: RealtyX, LLC
TYPE OF REGISTRANT (check aU applicable boxes):
Ii Broker-dealer O Security-based swap dealer D Major security-based swap participant 0 Check here if respondent ls afso an OTC denvattves dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
| 62 Post Road West |
|-------------------|
|-------------------|
*r*
*(*
| | (No and Street) | | |
|--------------------------------------------------|-----------------------------------------------------------------------------------------------------------|-----------------|--------------------------------------------|
| Westport | CT | | 06880 |
| (Cityl | {State) | | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | |
| Andrew Kurian | 203-227-9588 | | akurian@realtyx.us |
| (Name~ | (Area Code - Telephone Number) | (Email Address) | |
| | | | |
| | B. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing• | | |
| Sanville & Company | (Name - If lndlvldual, state last, first, and middle name} | | |
| 2617 Huntingdon Pike | Huntingdon Valley PA | | 19006 |
| (Address) | (City) | (State) | (Zip Code) |
| 09/18/2003 | 169 | | |
| (Date of RegIstrat1on with PCAOB)(1f applicable) | | | (PCAOB RegtStratJon Number, 1f applicable) |
accountant must be supported by a statement of facts and circumstances relied on as the bas,s of the exempt.ton See 17 CFR 2~.17a-S(e)(ll(h), cf applicable
**Persons who are** to respond to the collection of information contained In this form are not required to respond unlHs the form dtspl•vs • currently vailld 0MB control number.
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#### OATH **OR AFFIRMATION**
| I, Andrew Kurian | swear (or affirm) that, to the best of my knowledge and belief, the |
|---------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|
| financial report pertaining to the firm of Rea11yx, LLC | as of |
| December 31 | 2~, is true and correct. I further swear (or affirm) that neither the company nor any |
| | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely |
| as that of a customer. | ~ |
| | |
Signat~e~---- '
Title: 28,2029 **Chief Compliance Officer**
tary Public
*r*
#### **This filing\*\* contains (check all applicable boxes):**
- ~ (a) Statement of financial condition.
- ~ (b) Notes to consolidated statement of financial condition.
- D (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
- D (d) Statement of cash flows.
- D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- D (f) Statement of changes in liabilities subordinated to claims of creditors.
- 0 (g) Notes to consolidated financial statements.
- D (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-l, as applicable.
- D (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- D U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
- D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3.
- D (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- D (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3{p)(2) or 17 CFR 240.18a-4, as applicable.
- □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
- D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
- i!i (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable.
- D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- O (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- i!i (t) Independent public accountant's report based on an examination of the statement of financial condition.
- O (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- O (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- O (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.l 7a-5 or 17 CFR 240.18a-7, as applicable.
- □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable.
- O (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or astatement that no material inadequacies exist, under 17 CFR 240.l 7a-12(k).
- 0 (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_
- or0 request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.
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# **REALTYX,LLC**
Statement of Financial Condition
As of December 31 , 2025
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#### **RealtyX, LLC Statement of Flnanclal Condition Index As of December 31, 2025**
| | Page |
|---------------------------------------------------------|------|
| Report of Independent Registered Public Accounting Firm | 1 |
| Financial Statement: | |
| Statement of Financial Condition | 2 |
| Notes to the Financial Statements | 3-5 |
| | |
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2617 Huntingdon Pike Huntingdon Valley, PA 19006 215.884.8460
#### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
To the Member and ll1ose Charged with Govemance of Realty X, LLC
#### **Opinion on the Financial Statement**
We have audited the accompanying statement of financial condition of Realty X, LLC (the "Company") as of December 31, 2025, and the related notes (collectively referred to as the financial statement). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of the Company as of December 31, 2025 in confonnity with accounting principles generally accepted in the United States of America.
#### **Basis for Opinion**
This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.
We have served as the Company's since 2022. Huntingdon Valley, Pennsylvania February 2, 2026
()
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# **RealtyX, LLC Statement of Financial Condition As of December 31, 2025**
| Assets | |
|---------------------------------------------------------------------------------------------------------------------------------------|------------------|
| Cash | \$
79,424 |
| Prepaid
expenses | 3,879 |
| Other
assets | 1,238 |
| Total
Assets | \$
84,541 |
| Liabilities
and
Member's
Equity
Liabilities:
Accounts
payable
and
accrued
expenses
Total
liabilities | \$
466
466 |
| Member's
equity | 84,075 |
| Total
Liabilities
and
Member's
Equity | \$
84,541 |
See accompanying notes to the Statement of Financial Condition
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## **RealtyX, LLC Notes to the Statement of Financial Condition As of December 31, 2025**
### **1. ORGANIZATION**
RealtyX, LLC (the "Company") was organized in Delaware in 2021and operates as a broker-dealer in securities registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA").
The Company provides real estate related transaction services to its customers who are located throughout the United States.
#### **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
#### **Basis of Presentation**
The accounting policies and reporting practices of the Company conform to the practices in the broker-dealer industry and are in accordance with accounting principles generally accepted in the United States of America.
#### **Government and Other Regulation**
The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations, including the SEC and FINRA. Such regulation includes, among other things, periodic examinations by these regulatory bodies to determine whether the Company is conducting and reporting its operations in accordance with the applicable requirements of these organizations. As a registered broker dealer, the Company is subject to the SEC's Net Capital rule (Rule 15c3-1) which requires that the Company maintain a minimum net capital, as defined. In addition, the Company relies on Footnote 74 of the 2013 Release to the Securities and Exchange Act to be compliant with the provisions of SEC Rule 15c3-3.
#### **Cash and Cash Equivalents**
The Company considers all highly liquid debt instruments having original maturities of three months or less at the date of purchase to be cash equivalents.
#### **Revenue Recognition**
Under Accounting Standards Codification ("ASC") 606 Investment banking revenues and related fees are recorded when all contractual obligations have been performed and the Company is reasonably assured of their collection. The contractual obligations especially include securing the necessary approvals from the transfer agents and general partners on the respective transactions. Generally, revenues are due at or shortly after the close of the respective transaction, and therefore the Company does not have a significant amount of commissions receivable at the end of a reporting period.
#### **Use of Estimates**
The preparation of the Statement of Financial Condition in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities. Actual results can differ from those estimates.
#### **Property and Equipment**
Property and equipment are recorded at cost less accumulated depreciation. Depreciation is computed using the straight-line method over estimated useful lives of the respective assets. All such assets are fully depreciated as of December 31, 2025.
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#### **RealtyX, LLC Notes to the Statement of Financial Condition (continued) As of Ended December 31, 2025**
#### **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
#### **Receivable from Commissions**
Commissions are generally collected in full within a month of invoicing. As such, management has not recorded an allowance for doubtful accounts on these receivables. Management records an allowance for bad debts based on a collectability review of specific accounts. Any receivables deemed uncollectible are written off against the allowance.
#### **Income Taxes**
Under provisions of the Internal Revenue Code, limited liability companies that are treated as partnerships are not subjected to income taxes, and any income or loss realized is taxed to the individual members. Accordingly, no provision for income taxes appears on the Statement of Financial Condition.
The Company recognizes and measures tax positions taken or expected to be taken in its tax return based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period.
The U.S. Federal jurisdiction and the State of Connecticut are the major tax jurisdictions where the Company files income tax returns. The Company is subject to U.S. Federal or State examinations by tax authorities for all periods since 2023.
#### **Segment Reporting**
The Accounting Standards Update (ASU) 2023-07 issued by the Financial Accounting Standards Board (FASS) introduced enhancements to segment reporting requirements for public entities, including brokerdealers. The update aimed to improve the transparency and usefulness of financial disclosures for investors and other stakeholders. ASU 2023-07 disclosure requirements are effective for fiscal years starting after December 15, 2023. The Company has identified its President as the Chief Operating Decision Maker as specified in ASU 2023-07. Company management reviewed the ASU 2023-07 disclosure requirements and determined that no additional disclosures are required as the Company has only one reportable segment.
#### **3. RELATED PARTIES**
The Company leases office space from an affiliate on a month-to-month lease. No amounts were due under this agreement as of December 31, 2025.
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## **Notes to the RealtyX, LLC Statement of Financial Condition (continued) As of December 31, 2025**
#### **4. NET CAPITAL REQUIREMENTS**
The Company, as a registered broker d 1 • b' Net Capital Rule (Rule 15c3-1) h' h ea e.r, is su Ject to the Securities and Exchange Commission's the Rule 'w IC requires that the Company maintain Net Capital (as defined in . \~qtuahl to t~e greater of \$5,000 or 6 2/3% of Aggregate Indebtedness (also as defined) and requires a t e ratio of Aggregate Indebtedness to Net Capital shall not exceed 15 to 1.
At D\_ecember 31, 2025, the Company's Net Capital was \$78,958 which was above the required Net Cap~tal by \$73,958. At December 31, 2025, the Company's ratio of Aggregate Indebtedness to Net Capital was 0.006 to 1.
Capital\_ distributions can be made under a capital distribution policy approved by the Company's managing member.
## **5. COMMITMENTS AND CONTINGENCIES**
The Company is exposed to various asserted and unasserted potential claims encountered in the normal course of business. As of December 31, 2025, and through the date of this report there were no such claims.
#### **8. CONCENTRATION OF CREDIT RISK**
The Company maintains cash and savings accounts at one financial institution. Cash balances are insured by the Federal Deposit Insurance Corporation up to \$250,000 per insured bank account. The Company has not experienced any losses in the past in these accounts.
No amounts were owed by any customer as of December 31, 2025.
#### **9. SUBSEQUENT EVENTS**
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Management has evaluated for disclosure the impact of all subsequent events through the issuance date of this financial statement. No such events require disclosure.
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.