Filings/RR/10-Q/A

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EDGAR
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KPIsSections22
Headline metrics
Revenue — GREEN$1.1M-8.8% YoY
Gross margin — GREEN2.8%
Net income — GREEN-$10.1M+65.7% YoY
Net margin — GREEN-947.2%
Operating margin — RED-1155.1%
Red flags4 red1 orange
Liquidity3
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Net margin -947.2%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -150.3%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
Dilution · capital1
RED
SBC/Revenue 765.8%sbc_revenue_high
Stock-based compensation exceeds 25% of revenue — materially dilutive.
Concentration1
ORANGE
R&D/Revenue 105.6%rd_intensity_high
R&D exceeds 40% of revenue — sustainable only if growth trajectory justifies the investment.
Income Statement
Income Statement
MetricValueFlag
Revenue$1.1MGREEN
Revenue (quarter)$1.1MGREEN
Gross Margin2.8%GREEN
Operating Margin-1155.1%RED
Net Margin-947.2%GREEN
Net Income-$10.1MGREEN
EPS (diluted)$-0.05GREEN
R&D % Revenue105.6%GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$138.0MGREEN
Broad Liquidity$328.5MGREEN
Current Ratio35.73GREEN
Total Assets$350.4MGREEN
Total Equity$342.7MGREEN
Debt/Equity0.00GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$1.6MGREEN
Cash Conversion (CFO/Rev)-1.50GREEN
SBC % Revenue765.8%GREEN
Free Cash Flow-$1.7MGREEN

Sections in this filing

Financial Statements (unaudited)

ITEM 1. Unaudited Financial Statements RICHTECH ROBOTICS INC. Unaudited Consolidated Balance Sheets (In thousands, except share and per share data) December 31, September 30, 2025 (Restated) 2025 (Restated) ASSETS Current assets: Cash and cash equivalents $ 138,023 $ 185,574 Short term investment 190,471 66,363 Accounts receivable, net of allowance for doubtful accounts 1,890 1,780 Inventory 1,707 1,124 Prepaid expenses and other current assets 324 429 Total current assets 332,415 255,270 Property and equipment, net 5,760 5,794 Notes receivable 528 523 Operating lease right-of-use-assets 607 731 Intangible assets, net 10,405 10,715 Other assets, non-current 647 640 Total assets $ 350,362 $ 273,673 LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 132 $ 397 Deferred revenue 434 248 Accrued expenses and other payables 1,854 1,376 Tax payables 92 55 Operating lease liabilities, current 281 301 Warrant liability 4,134 19,285 Total current liabilities 6,927 21,662 Long-term payables 112 118 Operating lease liabilities, non-current 326 429 Total liabilities 7,365 22,209 Commitments and contingencies (Notes 13) Mezzanine equity 249 634 Stockholders’ equity: Class A common stock, $ 0.0001 par, 100,000,000 shares authorized as of December 31, 2025 and September 30, 2025; 39,934,846 shares issued and outstanding as of December 31, 2025 and September 30, 2025, respectively $ 4 $ 4 Class B common stock, $ 0.0001 par, 1,000,000,000 and 200,000,000 shares authorized as of December 31, 2025 and September 30, 2025, respectively; 174,299,223 shares and 154,656,592 shares issued and outstanding as of December 31, 2025 and September 30, 2025, respectively. 18 16 Additional paid-in capital 402,803 300,701 Accumulated other comprehensive income 356 393 Accumulated deficit ( 60,386 ) ( 50,241 ) Non-controlling interests ( 47 ) ( 43 ) Total stockholders’ equity 342,748 250,830 Total liabilities, mezzanine equity and stockholders’ equity $ 350,362 $ 273,673 See accompanying Notes to Unaudited Financial Statements Field: Page; Sequence: 5; Options: NewSection; Value: 1 Field: Sequence; Type: Arabic; Name: PageNo 1 Field: /Sequence Field: /Page RICHTECH ROBOTICS INC. Unaudited Consolidated Statements of Operations For the three months ended December 31, 2025 and 2024 (In thousands, except share and per share data) 2025 (Restated) 2024 (Res