Rain Enhancement Technologies Holdco Warrants (RAINW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RAINW SEC filings page.
This page shows Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Liability-funded expansion is driving the balance sheet as operating losses grow without a reported revenue base.
By FY2025, liabilities had grown121.4% from FY2024 while assets grew40.5% , indicating expansion financed more by obligations than by accumulated resources. Current assets of$317K were dwarfed by current liabilities of$13.3M , making near-term funding pressure the defining balance-sheet feature.
The cash-conversion gap is substantial: FY2025’s operating loss was
Financing, rather than operations, supplied the reported cash movement: financing cash flow was
Financial Health Signals
We do not publish a peer-relative financial health score for Rain Enhancement Technologies Holdco, Inc. Warrants, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Rain Enhancement Technologies Holdco, Inc. Warrants reported an operating loss of $8.1M against $284K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Rain Enhancement Technologies Holdco, Inc. Warrants's EBITDA was -$3.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Rain Enhancement Technologies Holdco, Inc. Warrants reported a net loss of $3.2M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Rain Enhancement Technologies Holdco, Inc. Warrants recorded an outflow of $1.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Rain Enhancement Technologies Holdco, Inc. Warrants held $33K in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
Rain Enhancement Technologies Holdco, Inc. Warrants invested $32K in research and development in Q2 2026. Against the prior quarter it is down 21.7%.
Rain Enhancement Technologies Holdco, Inc. Warrants reported no capital expenditure in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
RAINW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $11K | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $32K | $41K | N/A | $46K | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.9M+172.0% | $1.8M+33.3% | N/A | $1.5M-48.6% | $1.1M+239.9% | $1.3M+6284.3% | $1.2M | $3.0M |
| Operating Income | -$3.1Mn/m | -$1.9Mn/m | N/A | -$1.6Mn/m | -$1.1Mn/m | -$1.3Mn/m | -$1.2M | -$3.0M |
| EBITDA | -$3.0M | -$1.9M | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $310K+837.1% | $139K+196.2% | N/A | $243K+3152.1% | $33K | $47K | N/A | $7K |
| Income Tax | N/A | N/A | N/A | N/A | $912 | N/A | N/A | N/A |
| Net Income | -$3.2Mn/m | -$1.9Mn/m | N/A | -$2.2Mn/m | -$953Kn/m | -$1.5Mn/m | -$1.2M | -$3.0M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
RAINW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4M+36.3% | $2.6M+54.0% | $1.8M+40.5% | $1.9M | $1.8M | $1.7M | $1.3M+146.5% | N/A |
| Current Assets | $431K-34.3% | $1.1M+8.2% | $317K-58.8% | $586K | $657K | $1.1M | $770K+1592.9% | N/A |
| Cash & Equivalents | $33K+97.9% | $581K+112.6% | $214K+555.4% | $237K-1.3% | $16K-95.4% | $273K+3001.9% | $33K-12.7% | $240K |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $14.6M+53.5% | $17.0M+100.2% | $14.5M+121.4% | $11.5M | $9.5M | $8.5M | $6.6M+468.6% | N/A |
| Current Liabilities | $13.6M+51.1% | $15.9M+98.2% | $13.3M+113.8% | $10.7M | $9.0M | $8.0M | $6.2M+438.3% | N/A |
| Non-Current Liabilities | $997K+94.5% | $1.0M+137.5% | $1.3M+257.1% | $825K | $513K | $440K | $350Kn/m | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $839K | N/A |
| Total Equity | -$12.2Mn/m | -$14.3Mn/m | -$12.7Mn/m | -$9.6Mn/m | -$7.7Mn/m | -$6.8Mn/m | -$5.3Mn/m | -$808K |
| Retained Earnings | -$20.5Mn/m | -$17.2Mn/m | -$15.3Mn/m | -$10.9M | -$8.7M | -$7.7M | -$6.3Mn/m | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
RAINW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.0Mn/m | -$1.9Mn/m | -$329Kn/m | -$234Kn/m | -$383Kn/m | -$1.0M-7963.1% | -$1.2M | -$120K |
| Depreciation & Amortization | $10K | $13K | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock-Based Compensation | $1.4M | $258K | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | $0-100.0% | $9K-93.2% | $129K+12931200.0% | $246K+21963.1% | $473K+13961.9% | $139K+237.1% | $1 | $1K |
| Free Cash Flow | -$1.0Mn/m | -$1.9Mn/m | -$458Kn/m | -$480Kn/m | -$857Kn/m | -$1.1Mn/m | -$1.2M | -$121K |
| Investing Cash Flow | $0n/m | -$9Kn/m | -$129Kn/m | -$246Kn/m | -$473Kn/m | -$139Kn/m | -$1 | -$1K |
| Financing Cash Flow | $477K-20.5% | $2.3M+62.2% | $435K-54.1% | $700Kn/m | $600K | $1.4M | $949K | $0 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RAINW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | -18340.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | -17716.5% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -134.5%-80.7pp | -70.9%+16.1pp | N/A | -113.3% | -53.8% | -87.0% | -91.7% | N/A |
| Current Ratio | 0.030.0x | 0.07-0.1x | 0.02-0.1x | 0.05 | 0.07 | 0.13 | 0.12+0.1x | N/A |
| Asset Turnover | N/A | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | N/A | -17933.8% | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$12.7M), which causes the debt-to-equity, liabilities-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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Rain Enhancement Technologies Holdco, Inc. Warrants RAINW | FY2025 | N/A | N/A | N/A | N/A | — |
| Casella Waste Systems Inc CWST | FY2025 | $1.8B | $7.9M | 0.4% | $6.3B | 46/100 |
| Slide Insurance Holdings, Inc. SLDE | FY2025 | $1.2B | $444.0M | 38.4% | $3.0B | 82/100 |
| ZOOZ Strategy Ltd. ZOOZ | FY2025 | $247K | -$55.6M | N/A | $42.9M | — |
| Big Tree Cloud Holdings Limited DSY | FY2026 | $645K | -$3.6M | N/A | $15.1M | — |
| Zeo Energy Corporation ZEO | FY2025 | $69.3M | -$14.0M | -20.2% | $9.6M | 22/100 |
Where Rain Enhancement Technologies Holdco, Inc. Warrants Ranks
Frequently Asked Questions
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) had EBITDA of -$8.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) recorded an outflow of $2.9M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) recorded an outflow of $2.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) had $1.8M in total assets as of fiscal year 2025, including both current and long-term assets.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) invested $988K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) invested $62K in research and development during fiscal year 2025.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
At the end of fiscal year 2025, Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) held $214K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.0M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) has negative shareholder equity of -$12.7M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) reported an operating loss of $8.1M against $284K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.