Retractable Technologies, Inc. (RVP) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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RVP Revenue Growth
Revenue Breakdown (FY 2024)
RVP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
RVP Revenue Analysis (2013–2024)
As of May 8, 2026, Retractable Technologies, Inc. (RVP) generated trailing twelve-month (TTM) revenue of $38.2 million, reflecting explosive growth of +73.2% year-over-year. The most recent quarter (Q2 2025) recorded $10.4 million in revenue, up 25.9% sequentially.
Looking at the longer-term picture, RVP's 5-year compound annual growth rate (CAGR) stands at -4.6%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $188.4 million in 2021.
Revenue diversification analysis shows RVP's business is primarily driven by License (80%), and Other Products (20%). With over half of revenue concentrated in License, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including NNBR (-3.1% YoY), MMSI (+11.2% YoY), and UTMD (-5.8% YoY), RVP has outperformed the peer group in terms of revenue growth. Compare RVP vs NNBR →
RVP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RVPCurrent | $38M | +73.2% | -4.6% | -63.9% | |
 NNBR | $422M | -3.1% | -0.3% | -4.3% | |
 MMSI | $1.5B | +11.2% | +9.5% | 12.2% | |
 UTMD | $39M | -5.8% | -1.8% | 29.6% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% | |
 PNTG | $948M | +36.8% | +19.4% | 5.4% |
RVP Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $33.0M | -24.2% | $-1,028,176 | -3.1% | $-21,105,567 | -63.9% |
| 2023 | $43.6M | -54.0% | $9.1M | 20.9% | $-11,488,209 | -26.4% |
| 2022 | $94.8M | -49.7% | $28.3M | 29.8% | $-852,976 | -0.9% |
| 2021 | $188.4M | +130.1% | $95.4M | 50.6% | $72.6M | 38.5% |
| 2020 | $81.9M | +95.9% | $37.0M | 45.2% | $24.1M | 29.4% |
| 2019 | $41.8M | +25.6% | $14.1M | 33.8% | $3.0M | 7.1% |
| 2018 | $33.3M | -3.5% | $10.2M | 30.7% | $-1,320,195 | -4.0% |
| 2017 | $34.5M | +15.6% | $10.0M | 28.9% | $-3,778,580 | -11.0% |
| 2016 | $29.8M | +0.9% | $10.3M | 34.7% | $-3,507,002 | -11.8% |
| 2015 | $29.6M | -14.4% | $10.6M | 35.8% | $-3,207,876 | -10.9% |
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Start ComparisonRVP — Frequently Asked Questions
Quick answers to the most common questions about buying RVP stock.
Is RVP's revenue growth accelerating or slowing?
RVP revenue is accelerating at +73.2% year-over-year, exceeding the 5-year CAGR of -4.6%. TTM revenue reached $38M. Growth momentum has increased versus prior periods.
What is RVP's long-term revenue growth rate?
Retractable Technologies, Inc.'s 5-year revenue CAGR of -4.6% reflects the sustained expansion pattern. Current YoY growth of +73.2% is above this long-term average.
How is RVP's revenue distributed by segment?
RVP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.