Filings/RR/10-Q

Source document

EDGAR
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KPIsSections21
Headline metrics
Revenue — GREEN$3.9M+9.6% YoY
Gross margin — GREEN37.9%
Net income — GREEN-$20.4M+35.7% YoY
Net margin — GREEN-517.2%
Operating margin — RED-777.5%
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 -517.2%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -90.4%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
Dilution · capital1
RED
SBC/Revenue 228.3%sbc_revenue_high
Stock-based compensation exceeds 25% of revenue — materially dilutive.
Concentration1
ORANGE
R&D/Revenue 79.7%rd_intensity_high
R&D exceeds 40% of revenue — sustainable only if growth trajectory justifies the investment.
Income Statement
Income Statement
MetricValueFlag
Revenue$3.9MGREEN
Revenue (quarter)$1.4MGREEN
Gross Margin37.9%GREEN
Operating Margin-777.5%RED
Net Margin-517.2%GREEN
Net Income-$20.4MGREEN
EPS (diluted)$-0.09GREEN
R&D % Revenue79.7%GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$302.0MGREEN
Broad Liquidity$339.6MGREEN
Current Ratio93.61GREEN
Total Assets$373.4MGREEN
Total Equity$369.0MGREEN
Debt/Equity0.00GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$3.6MGREEN
Cash Conversion (CFO/Rev)-0.90GREEN
SBC % Revenue228.3%GREEN
Free Cash Flow-$25.3MGREEN

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 June 30, As of September 30, 2026 2025 ASSETS Current assets: Cash and cash equivalents $ 301,962 $ 185,574 Short-term investments 37,633 66,363 Accounts receivable, net 922 1,780 Inventory 2,715 1,124 Prepaid expenses and other current assets 1,552 429 Total current assets 344,784 255,270 Property and equipment, net 27,181 5,794 Notes receivable - 523 Operating lease right-of-use-assets 615 731 Intangible assets, net 371 10,715 Other assets, non-current 443 640 Total assets $ 373,394 $ 273,673 LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 348 $ 397 Deferred revenue 388 248 Accrued expenses and other payables 157 1,376 Tax payables 79 55 Operating lease liabilities, current 310 301 Warrant liabilities 2,401 19,285 Total current liabilities 3,683 21,662 Long-term payables 102 118 Operating lease liabilities, non-current 319 429 Total liabilities 4,104 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 June 30, 2026 and September 30, 2025; 39,934,846 shares issued and outstanding as of June 30, 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 June 30, 2026 and September 30, 2025, respectively; 184,451,609 shares and 154,656,592 shares issued and outstanding as of June 30, 2026 and September 30, 2025, respectively. 19 16 Additional Paid-in Capital 441,191 300,701 Accumulated other comprehensive income 239 393 Accumulated deficit ( 70,643 ) ( 50,241 ) Treasury stock, at cost; 396,724 and nil shares, as of June 30, 2026 and September 30, 2025, respectively ( 1,769 ) - Total controlling stockholders’ equity 369,041 250,873 Non-controlling interests - ( 43 ) Total stockholders’ equity 369,041 250,830 Total liabilities, mezzanine equity and stockholders’ equity $ 373,394 $ 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 thousands, exc