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Richtech Robotics Inc. develops, manufactures, deploys, and sells robotic solutions for automation in the service industry in the United States. The company offers commercial robotic products, including Matradee, a line of restaurant service robots for bussing, serving, hosting, advertising, and entertaining; and ADAM and Scorpion, which are dual-arm AI-powered service robots for beverage preparation and customer interaction in hospitality and retail environments. It also provides industrial robotic products, such as Titan, a line of heavy-duty autonomous mobile robots (AMR) delivery focused robots; DUST-E, an autonomous commercial cleaning robot product line; and Dex, an industrial humanoid robot designed for real-world manufacturing, logistics, and material-handling environments. In addition, the company offers data generation services for frontier embodied AI training. Further, it operates the Clouffee & Tea robotic restaurant brand that offers coffee and tea products. The company markets its products through digital marketing, sales outreach, industry exhibitions, client referrals, online inquiries, and a network of distribution channels. It serves the food service, retail, industrial manufacturing, automotive, healthcare, and hospitality industries. Richtech Robotics Inc. was formerly known as Richtech Creative Displays LLC and changed its name to Richtech Robotics Inc. on June 22, 2022. The company was incorporated in 2016 and is headquartered in Las Vegas, Nevada.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5M | $-13M | $-16M | $-15M | -5.8% | 19.0% | - |
| 2024 | $4M | $-7M | $-8M | $-11M | -19.5% | -51.6% | - |
| 2023 | $9M | $0M | $-0M | $-3M | -7.0% | 44.8% | - |
| 2022 | $6M | $-0M | $-1M | $-3M | -17.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 6.05 | 8.76 | 4.24 | 5.04 |
| Cost Of Revenue | 2.10 | 2.74 | 1.52 | 1.76 |
| Gross Profit | 3.95 | 6.01 | 2.72 | 3.29 |
| Operating Expense | 4.33 | 5.73 | 9.79 | 21.23 |
| Operating Income | -0.38 | 0.29 | -7.07 | -17.94 |
| EBITDA | -0.38 | 0.30 | -6.98 | -13.45 |
| EBIT | -0.38 | 0.29 | -7.06 | -15.77 |
| Pretax Income | -0.39 | -0.45 | -7.82 | -15.85 |
| Tax Provision | 0.11 | -0.11 | 0.32 | 0.01 |
| Net Income | -0.51 | -0.34 | -8.14 | -15.75 |
| Net Income Common Stockholders | -0.51 | -0.34 | -8.14 | -15.75 |
| Total Expenses | 6.42 | 8.47 | 11.31 | 22.99 |
| Interest Expense | 0.02 | 0.73 | 0.76 | 0.08 |
| Research And Development | 1.77 | 1.98 | 2.02 | 2.43 |
| Selling General And Administration | 2.56 | 3.75 | 7.77 | 18.80 |
| Normalized EBITDA | -0.38 | 0.30 | -6.99 | -15.62 |
| Normalized Income | -0.51 | -0.34 | -8.15 | -17.47 |
| Basic EPS | -0.01 | -0.01 | -0.12 | -0.13 |
| Diluted EPS | -0.01 | -0.01 | -0.12 | -0.13 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0.46 |
| Tax Rate For Calcs | 0.21 | 0.24 | 0.21 | 0.21 |
| Total Unusual Items | -0.02 | 0 | 0.01 | 2.18 |
| Total Unusual Items Excluding Goodwill | -0.02 | 0 | 0.01 | 2.18 |
| Net Income From Continuing Operation Net Minority Interest | -0.51 | -0.34 | -8.14 | -15.75 |
| Reconciled Depreciation | 0 | 0.01 | 0.08 | 2.32 |
| Reconciled Cost Of Revenue | 2.10 | 2.74 | 1.52 | 1.76 |
| Net Interest Income | -0.02 | -0.73 | -0.76 | -0.08 |
| Net Income From Continuing And Discontinued Operation | -0.51 | -0.34 | -8.14 | -15.75 |
| Total Operating Income As Reported | -0.38 | 0.29 | -7.07 | -17.94 |
| Diluted Average Shares | 44.35 | 44.35 | 69.95 | 121.96 |
| Basic Average Shares | 44.35 | 44.35 | 69.95 | 121.96 |
| Diluted NI Availto Com Stockholders | -0.51 | -0.34 | -8.14 | -15.75 |
| Minority Interests | 0 | 0 | 0 | 0.11 |
| Net Income Including Noncontrolling Interests | -0.51 | -0.34 | -8.14 | -15.86 |
| Net Income Continuous Operations | -0.51 | -0.34 | -8.14 | -15.86 |
| Other Income Expense | -0.02 | 0 | 0.01 | 2.18 |
| Special Income Charges | -0.02 | 0 | 0 | 0 |
| Gain On Sale Of Ppe | -0.02 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0 | 0 | 0.01 | 2.18 |
| Net Non Operating Interest Income Expense | -0.02 | -0.73 | -0.76 | -0.08 |
| Interest Expense Non Operating | 0.02 | 0.73 | 0.76 | 0.08 |
| Selling And Marketing Expense | 0.30 | 0.24 | 1.31 | 1.26 |
| General And Administrative Expense | 2.26 | 3.51 | 6.46 | 17.54 |
| Other Gand A | 2.26 | 3.51 | 6.46 | 17.54 |
| Operating Revenue | 6.05 | 8.76 | 4.24 | 5.04 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Richtech Robotics Inc.this co. | RR | $530M | - | 1.49 | -5.8% | -8.52 |
| Energy Recovery, Inc. | ERII | $565M | 25.48 | 2.74 | 11.1% | 17.64 |
| Tejon Ranch Co. | TRC | $531M | - | 1.11 | 0.0% | -291.89 |
| Bowman Consulting Group Ltd. | BWMN | $522M | 41.78 | 2.01 | 4.9% | 16.21 |
| Ennis, Inc. | EBF | $521M | 12.41 |
| 1.69 |
| 13.3% |
| 7.03 |
| Titan International, Inc. | TWI | $512M | - | 0.99 | -12.2% | 11.47 |
| Pangaea Logistics Solutions Ltd. | PANL | $496M | 25.33 | 1.15 | 4.1% | 10.08 |
| Cryoport, Inc. | CYRX | $492M | - | 1.06 | 15.6% | -89.47 |
| Insteel Industries Inc. | IIIN | $490M | 11.96 | 1.32 | 11.0% | 6.31 |
| Peer Median | - | 25.33 | 1.24 | 8.0% | 8.56 | |