The company reported a negligible $10.5K in revenue for 2026Q1, failing to offset an operating loss of $1.8 million.
Rain Enhancement Technologies Holdco Inc (RAIN) annual income statement — 7-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 |
|---|
| Revenue | 10.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - |
| Cost of Revenue | 91.95K | 18.58K | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -81.45K | -18.58K | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | -775.74% | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - | - | - |
| Operating Expenses | 10.21M | 7.71M | 4.5M | 410.07K | 77.14M | 533.13K | 18.96M | 10.83M |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| EBITDA | -10.25M | -7.71M | -4.49M | -397.43K | -77.06M | 4.79M | -18.91M | -10.8M |
| EBITDA Margin % | -97588.66% | - | - | - | - | - | - | - |
| EBITDA Growth % | -163.69% | -71.67% | -1030.26% | 99.48% | -1707.39% | 125.36% | -75.06% | - |
| Depreciation & Amortization | 28.93K | 18.58K | 11.68K | 12.65K | 80K | 0 | 52K | 28K |
| D&A / Revenue % | 275.5% | - | - | - | - | - | - | - |
| Operating Income (EBIT) | -10.28M | -7.73M | -4.5M | -410.07K | -77.14M | -533.13K | -18.96M | -10.83M |
| Operating Margin % | -97864.15% | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -71.64% | -998.24% | 99.47% | -14368.52% | 97.19% | -75.08% | - |
| Interest Expense | 692.78K | 284.46K | 30.25K | 27.04K | 0 | 0 | 135K | 32K |
| Interest Coverage | - | -30.96x | -148.90x | -15.16x | - | - | -155.17x | -339.69x |
| Interest / Revenue % | 6597.91% | - | - | - | - | - | - | - |
| Non-Operating Income | -1.49M | -1000K | -30.16K | -26.93K | 1000K | 1000K | -1000K | -74K |
| Pretax Income | -11.76M | -9.09M | -4.53M | -437.01K | -75.72M | 4.39M | -21.08M | -10.9M |
| Pretax Margin % | -112028.8% | - | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 3K | 0 | -1.89M | -219K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -0% | 0% | 8.95% | 2.01% |
| Net Income | -11.76M | -9.09M | -4.53M | -437.01K | -75.72M | 4.39M | -19.2M | -10.68M |
| Net Margin % | -112028.8% | - | - | - | - | - | - | - |
| Net Income Growth % | -199.31% | -100.53% | -937.46% | 99.42% | -1826.17% | 122.85% | -79.69% | - |
| EPS (Diluted) | -1.50 | -1.20 | -2.29 | -0.06 | -16.26 | 0.99 | -10.80 | -6.01 |
| EPS Growth % | -166.97% | 47.6% | -3494.98% | 99.61% | -1742.42% | 109.17% | -79.7% | - |
| EPS (Basic) | - | -1.20 | -2.29 | -0.06 | -16.26 | 0.99 | -10.80 | -6.01 |
| Diluted Shares Outstanding | 7.83M | 7.53M | 1.98M | 6.86M | 4.66M | 4.42M | 1.78M | 1.78M |
Quick answers to the most common questions about buying RAIN stock.
For fiscal year 2025, Rain Enhancement Technologies Holdco Inc (RAIN) reported total revenue of $0.0M.
Rain Enhancement Technologies Holdco Inc (RAIN) reported a net loss of $9.1M for the fiscal year ending 2025.
Key Metrics
Top Statement Risk
Extreme liquidity and commercialization risk
Metrics are mathematically derived from official filings.
Nominal Revenue Fails Commercial Threshold
According to the most recent quarterly financial statements, RAIN reported a negligible $10.5K in revenue, which underscores the company's failure to establish a consistent commercial footprint despite its public listing and ongoing operational expenditures that continue to outpace any meaningful inflow of capital from service contracts.
The reported revenue figure appears to be an isolated event rather than the start of a durable growth trend. Without evidence of long-term service agreements or government procurement, the company remains in a pre-commercial state that lacks the predictable revenue streams typical of the utility sector.
Fixed Costs Outpace Operational Utility
Based on reported figures, RAIN continues to incur significant operating losses, with the 2026Q1 operating loss reaching $1.8M, suggesting that the company's high fixed-cost structure for ionization infrastructure is not currently supported by any form of regulatory recovery or recurring revenue mechanism to offset these expenses.
The absence of a pass-through mechanism for energy or maintenance costs leaves the company fully exposed to operational burn. Investors should monitor whether the company can transition from a research-heavy cost profile to a model where infrastructure deployment is tied to guaranteed municipal or governmental funding.
Speculative Losses Obscure Earnings Power
As indicated by the 2026Q1 net loss of $1.9M, the company's earnings quality remains non-existent, as the reported EPS of -0.24 reflects a persistent cash burn rather than the regulated, predictable earnings power typically expected from entities classified within the renewable utility sector.
The lack of core regulated earnings suggests that the current income statement is dominated by R&D and administrative overhead. Any future EPS improvement appears contingent on achieving scientific proof of causation, which remains a binary risk that could either validate or invalidate the entire business model.
Insolvency Risk Masks Operational Reality
Financial filings reveal a critical liquidity position with cash and equivalents dropping to $213,688, which suggests that the company may face imminent insolvency or require massive shareholder dilution to sustain its current level of research and development activities in the absence of any meaningful commercial revenue.
The income statement fails to capture the potential legal liabilities associated with downwind moisture displacement, which could emerge as a significant cost center. Furthermore, the reliance on equity markets for survival suggests that the company's valuation is disconnected from the fundamental realities of utility-scale infrastructure deployment.