Rain Enhancement Financials
Financial Health Signals
Rain Enhancement passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Rain Enhancement generates $0.29 in operating cash flow (-$1.3M OCF vs -$4.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Rain Enhancement earns $-148.9 in operating income for every $1 of interest expense (-$4.5M vs $30K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Rain Enhancement (RAIN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Rain Enhancement generated -$1.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 172.4% from the prior year.
Rain Enhancement reported -$4.5M in net income in fiscal year 2024. This represents a decrease of 937.5% from the prior year.
Rain Enhancement held $33K in cash against $839K in long-term debt as of fiscal year 2024.
Rain Enhancement invested $46K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 82.7% from the prior year.
RAIN Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | $46K | N/A | N/A |
| SG&A Expenses | $1.5M-48.6% | $3.0M | N/A |
| Operating Income | -$1.6M+45.2% | -$3.0M | N/A |
| Interest Expense | $243K+3152.1% | $7K | N/A |
| Income Tax | $912 | N/A | N/A |
| Net Income | -$2.2M+26.8% | -$3.0M | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
RAIN Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Total Assets | $1.9M+52.1% | $1.3M+146.5% | $518K |
| Current Assets | $586K-23.9% | $770K+1592.9% | $45K |
| Cash & Equivalents | $237K+626.1% | $33K-12.7% | $37K |
| Inventory | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $11.5M+75.4% | $6.6M+468.6% | $1.2M |
| Current Liabilities | $10.7M+72.0% | $6.2M+438.3% | $1.2M |
| Long-Term Debt | N/A | $839K | N/A |
| Total Equity | -$9.6M-81.0% | -$5.3M-730.5% | -$637K |
| Retained Earnings | -$10.9M-74.1% | -$6.3M-263.5% | -$1.7M |
RAIN Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Operating Cash Flow | -$234K+79.8% | -$1.2M | N/A |
| Capital Expenditures | $246K+24578200.0% | $1 | N/A |
| Free Cash Flow | -$480K+58.5% | -$1.2M | N/A |
| Investing Cash Flow | -$246K-24578200.0% | -$1 | N/A |
| Financing Cash Flow | $700K-26.2% | $949K | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
RAIN Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | -113.3% | N/A | N/A |
| Current Ratio | 0.05-0.1 | 0.12+0.1 | 0.04 |
| Debt-to-Equity | -1.20-1.0 | -0.16+1.7 | -1.81 |
| FCF Margin | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$5.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Rain Enhancement profitable?
No, Rain Enhancement (RAIN) reported a net income of -$4.5M in fiscal year 2024.
How much debt does Rain Enhancement have?
As of fiscal year 2024, Rain Enhancement (RAIN) had $33K in cash and equivalents against $839K in long-term debt.
What is Rain Enhancement's free cash flow?
Rain Enhancement (RAIN) generated -$1.4M in free cash flow during fiscal year 2024. This represents a -172.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rain Enhancement's operating cash flow?
Rain Enhancement (RAIN) generated -$1.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Rain Enhancement's total assets?
Rain Enhancement (RAIN) had $1.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Rain Enhancement's capital expenditures?
Rain Enhancement (RAIN) invested $46K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Rain Enhancement's current ratio?
Rain Enhancement (RAIN) had a current ratio of 0.12 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Rain Enhancement's debt-to-equity ratio?
Rain Enhancement (RAIN) had a debt-to-equity ratio of -0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rain Enhancement's return on assets (ROA)?
Rain Enhancement (RAIN) had a return on assets of -355.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Rain Enhancement's cash runway?
Based on fiscal year 2024 data, Rain Enhancement (RAIN) had $33K in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Rain Enhancement's debt-to-equity ratio negative or unusual?
Rain Enhancement (RAIN) has negative shareholder equity of -$5.3M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Rain Enhancement's Piotroski F-Score?
Rain Enhancement (RAIN) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rain Enhancement's earnings high quality?
Rain Enhancement (RAIN) has an earnings quality ratio of 0.29x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Rain Enhancement cover its interest payments?
Rain Enhancement (RAIN) has an interest coverage ratio of -148.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.