Filings/RR/10-Q

Source document

EDGAR
Loading document…
KPIsSections22
Headline metrics
Revenue — GREEN$2.6M
Gross margin — GREEN27.0%
Net income — GREEN-$10.4M
Net margin — GREEN-405.2%
Operating margin — RED-676.7%
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 -405.2%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -78.8%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
Dilution · capital1
RED
SBC/Revenue 333.7%sbc_revenue_high
Stock-based compensation exceeds 25% of revenue — materially dilutive.
Concentration1
ORANGE
R&D/Revenue 85.3%rd_intensity_high
R&D exceeds 40% of revenue — sustainable only if growth trajectory justifies the investment.
Income Statement
Income Statement
MetricValueFlag
Revenue$2.6MGREEN
Revenue (quarter)$1.5MGREEN
Gross Margin27.0%GREEN
Operating Margin-676.7%RED
Net Margin-405.2%GREEN
Net Income-$10.4MGREEN
EPS (diluted)$-0.05GREEN
R&D % Revenue85.3%GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$250.6MGREEN
Broad Liquidity$362.6MGREEN
Current Ratio90.63GREEN
Total Assets$383.4MGREEN
Total Equity$378.6MGREEN
Debt/Equity0.00GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$2.0MGREEN
Cash Conversion (CFO/Rev)-0.79GREEN
SBC % Revenue333.7%GREEN
Free Cash Flow-$2.3MGREEN

Sections in this filing

Financial Statements (unaudited)

ITEM 1. Financial Statements RICHTECH ROBOTICS INC. Unaudited Condensed Consolidated Balance Sheets (In thousands, except share and per share data) As of March 31, As of September 30, 2026 2025 ASSETS Current assets: Cash and cash equivalents $ 250,649 $ 185,574 Short-term investments 111,925 66,363 Accounts receivable, net 789 1,780 Inventory 2,455 1,124 Prepaid expenses and other current assets 338 429 Total current assets 366,156 255,270 Property and equipment, net 5,884 5,794 Notes receivable - 523 Operating lease right-of-use-assets 786 731 Intangible assets, net 10,107 10,715 Other assets, non-current 465 640 Total assets $ 383,398 $ 273,673 LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 466 $ 397 Deferred revenue 298 248 Accrued expenses and other payables 246 1,376 Tax payables 71 55 Operating lease liabilities, current 381 301 Warrant liabilities 2,578 19,285 Total current liabilities 4,040 21,662 Long-term payables 108 118 Operating lease liabilities, non-current 432 429 Total liabilities 4,580 22,209 Commitments and contingencies (Notes 11) Mezzanine equity 249 634 Stockholders’ equity: Class A common stock, $ 0.0001 par, 100,000,000 shares authorized as of March 31, 2026 and September 30, 2025; 39,934,846 shares issued and outstanding as of March 31, 2026 and September 30, 2025. $ 4 $ 4 Class B common stock, $ 0.0001 par, 1,000,000,000 and 200,000,000 shares authorized as of March 31, 2026 and September 30, 2025, respectively; 184,274,146 shares and 154,656,592 shares issued and outstanding as of March 31, 2026 and September 30, 2025, respectively. 19 16 Additional Paid-in Capital 440,769 300,701 Accumulated other comprehensive income 172 393 Accumulative deficit ( 60,662 ) ( 50,241 ) Treasury stock, at cost; 383,060 and nil shares, as of March 31, 2026 and September 30, 2025, respectively ( 1,733 ) - Total controlling stockholders’ equity 378,569 250,873 Non-controlling interests - ( 43 ) Total stockholders’ equity 378,569 250,830 Total liabilities, mezzanine equity and stockholders’ equity $ 383,398 $ 273,673 See accompanying Notes to Unaudited Consolidated Financial Statements Field: Page; Sequence: 4; Options: NewSection; Value: 1 Field: Sequence; Type: Arabic; Name: PageNo 1 Field: /Sequence Field: /Page RICHTECH ROBOTICS INC. Unaudited Condensed Consolidated Statements of Operations (In thousa