Richtech Robotics (RR) Q1 2026 earnings summary

Executive summary

• Expanded Robots-as-a-Service (RaaS) footprint, validating a shift to recurring revenue models and away from one-time hardware sales.

• Continued investment in AI and robotics R&D, including collaborations with NVIDIA and Microsoft.

• Opened new hospitality locations and advanced proprietary concepts in the hospitality management segment.

Financial highlights

• Net loss attributable to common stockholders was $(8.4) million for the quarter, compared to $(3.5) million in the prior year period.

• Adjusted net loss (excluding stock-based compensation) was $(0.1) million, a substantial improvement year-over-year.

• Revenue for the quarter was $1.14 million, down 8.8% year-over-year, primarily due to reduced one-time product sales.

• Gross profit was $600 thousand, with a gross margin of 52.3%, down from 90.2% in the prior year due to increased service infrastructure costs.

• General and administrative expenses rose to $11.8 million, mainly due to $6.8 million in stock-based compensation.

• Cash and cash equivalents increased to $271.8 million, up from $19.8 million a year earlier, driven by equity issuances and warrant exercises.

Outlook and guidance

• Management expects continued growth in recurring revenue streams and further expansion of the RaaS model.

• Gross margins are expected to stabilize and improve as the recurring revenue base grows and infrastructure costs are absorbed.