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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% | 93.5% |
| 2024 | $4M | $-7M | $-8M | $-11M | -19.5% | -51.6% | 2301.2% |
| 2023 | $9M | $0M | $-0M | $-3M | -7.0% | 44.8% | -33.1% |
| 2022 | $6M | $-0M | $-1M | $-3M | -17.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 6.05 | 8.76 | 4.24 | 5.04 |
| Operating Revenue | - | 6.05 | 8.76 | 4.24 | 5.04 |
| Cost Of Revenue | - | 2.10 | 2.74 | 1.52 | 1.76 |
| Gross Profit | - | 3.95 | 6.02 | 2.72 | 3.29 |
| Operating Expense | - | 4.33 | 5.73 | 9.79 | 21.23 |
| Research And Development | - | 1.77 | 1.98 | 2.02 | 2.43 |
| Selling General And Administration | - | 2.56 | 3.75 | 7.77 | 18.80 |
| Total Expenses | - | 6.42 | 8.47 | 11.31 | 22.99 |
| Operating Income | - | -0.38 | 0.29 | -7.07 | -17.94 |
| Total Operating Income As Reported | - | -0.38 | 0.29 | -7.07 | -17.94 |
| EBITDA | - | -0.38 | 0.30 | -6.98 | -13.45 |
| Normalized EBITDA | - | -0.38 | 0.30 | -6.99 | -15.62 |
| EBIT | - | -0.38 | 0.29 | -7.06 | -15.77 |
| Interest Expense | - | 0.02 | 0.73 | 0.76 | 0.08 |
| Net Interest Income | - | -0.02 | -0.73 | -0.76 | -0.08 |
| Other Income Expense | - | -0.02 | - | 0.01 | 2.18 |
| Interest Expense Non Operating | - | 0.02 | 0.73 | 0.76 | 0.08 |
| Net Non Operating Interest Income Expense | - | -0.02 | -0.73 | -0.76 | -0.08 |
| Pretax Income | - | -0.39 | -0.44 | -7.82 | -15.85 |
| Tax Provision | - | 0.11 | -0.11 | 0.32 | 0.01 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0.46 |
| Net Income Continuous Operations | - | -0.51 | -0.34 | -8.14 | -15.86 |
| Net Income From Continuing And Discontinued Operation | - | -0.51 | -0.34 | -8.14 | -15.75 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.51 | -0.34 | -8.14 | -15.75 |
| Net Income | - | -0.51 | -0.34 | -8.14 | -15.75 |
| Net Income Common Stockholders | - | -0.51 | -0.34 | -8.14 | -15.75 |
| Net Income Including Noncontrolling Interests | - | -0.51 | -0.34 | -8.14 | -15.86 |
| Normalized Income | - | -0.51 | -0.34 | -8.15 | -17.47 |
| Diluted NI Availto Com Stockholders | - | -0.51 | -0.34 | -8.14 | -15.75 |
| Basic Average Shares | - | 44.35 | 44.35 | 69.95 | 121.96 |
| Diluted Average Shares | - | 44.35 | 44.35 | 69.95 | 121.96 |
| Reconciled Depreciation | - | - | 0.01 | 0.08 | 2.32 |
| Reconciled Cost Of Revenue | - | 2.10 | 2.74 | 1.52 | 1.76 |
| Total Unusual Items | 0 | -0.02 | - | 0.01 | 2.18 |
| Total Unusual Items Excluding Goodwill | 0 | -0.02 | - | 0.01 | 2.18 |
| Minority Interests | - | - | - | 0 | 0.11 |
| Special Income Charges | 0 | -0.02 | - | - | - |
| Gain On Sale Of Security | - | - | - | 0.01 | 2.18 |
| General And Administrative Expense | - | 2.26 | 3.51 | 6.46 | 17.54 |
| Other Gand A | - | 2.26 | 3.51 | 6.46 | 17.54 |
| Gain On Sale Of Ppe | 0 | -0.02 | - | - | - |
| Selling And Marketing Expense | - | 0.30 | 0.24 | 1.32 | 1.26 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Richtech Robotics Inc.this co. | RR | $610M | -38.75 | 2.26 | -5.8% | -31.05 |
| Hyster-Yale, Inc. | HY | $645M | -10.74 | 1.37 | -12.7% | 34.14 |
| Latham Group, Inc. | SWIM | $639M | 57.42 | 1.57 | 2.7% | 9.70 |
| Kimball Electronics, Inc. | KE | $634M | 37.31 | 1.11 | 3.0% | 8.87 |
| Sturm, Ruger & Company, Inc. | RGR | $628M | - |
| - |
| - |
| - |
| - |
| - |
| 2.21 |
| -1.5% |
| 33.97 |
| Cass Information Systems, Inc. | CASS | $606M | 17.25 | 2.49 | 14.5% | - |
| Mistras Group, Inc. | MG | $588M | 34.92 | 2.50 | 7.2% | 11.35 |
| Orion Group Holdings, Inc. | ORN | $574M | 230.87 | 3.61 | 1.6% | 15.08 |
| Bowman Consulting Group Ltd. | BWMN | $573M | 46.84 | 2.19 | 4.7% | 17.30 |
| Peer Median | - | 37.31 | 2.20 | 2.9% | 15.08 | |