Revenue growth remains inconsistent with a 2026Q1 decline of 8.8%, though the company maintains high gross margins that peaked at 90.2% in 2025Q1.
| Sales/Revenue | 4.93M | 5.04M | 4.24M | 8.76M | 6.05M | 6.03M |
| Revenue Growth % | 12.41% | 18.99% | -51.59% | 44.8% | 0.3% | - |
| Cost of Goods Sold | 2.18M | 1.76M | 1.52M | 2.74M | 2.1M | 3.19M |
| COGS % of Revenue | - | 34.81% | 35.85% | 31.33% | 34.68% | 52.89% |
| Gross Profit | 2.75M | 3.29M | 2.72M | 6.01M | 3.95M | 2.84M |
| Gross Margin % | 55.83% | 65.19% | 64.15% | 68.67% | 65.32% | 47.11% |
| Gross Profit Growth % | - | 20.92% | -54.78% | 52.24% | 39.07% | - |
| Operating Expenses | 28.61M | 21.23M | 9.79M | 5.73M | 4.33M | 7.87M |
| OpEx % of Revenue | - | 420.87% | 230.97% | 65.37% | 71.53% | 130.53% |
| Selling, General & Admin | 26.21M | 18.8M | 7.77M | 3.75M | 2.56M | 5.89M |
| SG&A % of Revenue | - | 372.67% | 183.3% | 42.78% | 42.24% | 97.7% |
| Research & Development | 2.4M | 2.43M | 2.02M | 1.98M | 1.77M | 1.98M |
| R&D % of Revenue | - | 48.21% | 47.67% | 22.59% | 29.29% | 32.83% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -25.86M | -17.94M | -7.07M | 289K | -376K | -5.03M |
| Operating Margin % | -523.91% | -355.68% | -166.82% | 3.3% | -6.22% | -83.42% |
| Operating Income Growth % | - | -153.7% | -2547.4% | 176.86% | 92.53% | - |
| EBITDA | -22.88M | -15.63M | -6.99M | 302K | -369K | -5.01M |
| EBITDA Margin % | -463.63% | -309.71% | -164.91% | 3.45% | -6.1% | -83.15% |
| EBITDA Growth % | -181.91% | -123.47% | -2415.23% | 181.84% | 92.64% | - |
| D&A (Non-Cash Add-back) | 2.98M | 2.32M | 81K | 13K | 7K | 16K |
| EBIT | -24.01M | -15.77M | -7.06M | 289K | -376K | -5.03M |
| Net Interest Income | 4.74M | 2.09M | -762K | -734K | -18K | -2K |
| Interest Income | 4.82M | 2.18M | 0 | 0 | 0 | 0 |
| Interest Expense | 81K | 83K | 762K | 734K | 18K | 2K |
| Other Income/Expense | 5.16M | 2.09M | -749K | -734K | -18K | -2K |
| Pretax Income | -20.69M | -15.85M | -7.82M | -445K | -394K | -5.03M |
| Pretax Margin % | -419.27% | -314.17% | -184.48% | -5.08% | -6.51% | -83.45% |
| Income Tax | 3K | -12K | 318K | -106K | 113K | 3K |
| Effective Tax Rate % | -0.01% | 0.08% | -4.07% | 23.82% | -28.68% | -0.06% |
| Net Income | -20.6M | -15.75M | -8.14M | -339K | -507K | -5.04M |
| Net Margin % | -417.41% | -312.27% | -191.98% | -3.87% | -8.38% | -83.5% |
| Net Income Growth % | -130.44% | -93.54% | -2301.18% | 33.14% | 89.93% | - |
| Net Income (Continuing) | -20.69M | -15.86M | -8.14M | -339K | -507K | -5.04M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -47K | -43K | 0 | 0 | 0 | -57K |
| EPS (Diluted) | -0.10 | -0.13 | -0.12 | -0.01 | -0.01 | -0.08 |
| EPS Growth % | -28.58% | -8.33% | - | - | 89.88% | - |
| EPS (Basic) | - | -0.13 | -0.12 | -0.01 | -0.01 | -0.08 |
| Diluted Shares Outstanding | 197.73M | 121.96M | 69.68M | 62.17M | 62.17M | 62.17M |
| Basic Shares Outstanding | 197.73M | 121.96M | 69.68M | 62.17M | 62.17M | 62.17M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Unsustainable operating burn rate
As indicated by the quarterly income statement data, Richtech Robotics has experienced significant revenue volatility, with a notable -8.8% year-over-year decline in 2026Q1 following a period of inconsistent performance, suggesting that the company's current project-based sales model lacks the predictability required for sustained top-line expansion.
The erratic revenue trajectory suggests that the company is heavily reliant on lumpy, non-recurring hardware deployments rather than a stable service-based revenue stream. Investors should monitor whether the firm can transition toward a more predictable Robot-as-a-Service model to mitigate the impact of these quarterly fluctuations.
According to the reported financial statements, Richtech Robotics has maintained a relatively high gross margin profile, peaking at 90.2% in 2025Q1, which implies that the company possesses significant pricing power or a highly efficient hardware-software assembly process despite its limited overall revenue scale.
The ability to sustain gross margins above 50% in most periods suggests that the proprietary nature of the ADAM system may be commanding a premium in the hospitality market. However, the wide variance in these margins warrants further investigation into whether product mix shifts or inventory write-downs are driving periodic compression.
Based on the provided income statement figures, Richtech Robotics exhibits a lack of operating leverage, evidenced by a 2026Q1 operating loss of $11.8M that significantly outpaces gross profit, highlighting a structural disconnect between the company's current revenue generation and its aggressive administrative and research spending.
The massive surge in SG&A expenses to $12M in the most recent quarter suggests that the company is prioritizing market penetration and infrastructure build-out over immediate profitability. This strategy appears to be placing immense pressure on the bottom line, necessitating a rapid scale-up in unit deployments to achieve operational breakeven.
As reported in recent filings, the inclusion of $8.3M in stock-based compensation during 2026Q1 significantly impacted the net loss, suggesting that the company's reported earnings quality is currently obscured by non-cash expenses that may not reflect the underlying cash-based operational performance of the business.
The reliance on equity-based incentives to manage cash burn warrants close scrutiny, as it may mask the true cost of talent acquisition and retention in a competitive robotics landscape. Investors should distinguish between these non-cash charges and the actual cash burn rate to better assess the company's true runway.
Quick answers to the most common questions about buying RR stock.
For fiscal year 2025, Richtech Robotics Inc. Class B Common Stock (RR) reported total revenue of $5.0M. This represents a 16.3% decline compared to $6.0M in 2021.
Richtech Robotics Inc. Class B Common Stock (RR) reported a net loss of $15.8M for the fiscal year ending 2025.
Richtech Robotics Inc. Class B Common Stock (RR) reported an operating income of $-17.9M, resulting in an operating profit margin of -355.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Richtech Robotics Inc. Class B Common Stock (RR) generated $3.3M in gross profit for the year, representing a gross profit margin of 65.2%. This demonstrates the company's core pricing power and production efficiency.