Rain Enhancement Technologies Holdco, Inc. 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).
Financing inflows are supporting an expanding operating cost base while liabilities overwhelm assets and short-term liquidity remains tight.
Operating cash flow deteriorated to-$1.95M by FY2025 even as financing supplied$3.12M , indicating external funding—not operations—was carrying cash needs. That posture coincided with liabilities of$14.5M against assets of$1.8M , leaving negative equity as a structural balance-sheet condition.
SG&A rose from
Current liquidity fell from 0.1x in FY2024 to 0.0x in FY2025; current assets were only a small fraction of current liabilities, indicating acute short-term balance-sheet tightness.
Financial Health Signals
Rain Enhancement Technologies Holdco, Inc. Warrants does not currently provide enough eligible data for a peer-relative financial health score, so none is published. 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. Against the prior quarter it is down 59.3%.
Rain Enhancement Technologies Holdco, Inc. Warrants reported -$3.2M in net income in Q2 2026. This represents a decrease of 240.8% from the same quarter a year earlier. Against the prior quarter it is down 74.5%.
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. This represents a decrease of 19.7% from the same quarter a year earlier. Against the prior quarter it is up 45.6%.
Rain Enhancement Technologies Holdco, Inc. Warrants held $33K in cash as of Q2 2026; long-term debt is not reported 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% | N/A | $3.0M |
| Operating Income | -$3.1M-184.9% | -$1.9M-43.1% | N/A | -$1.6M+45.2% | -$1.1M-238.0% | -$1.3M-5518.2% | N/A | -$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 | -$3.2M-240.8% | -$1.9M-25.5% | N/A | -$2.2M+26.8% | -$953K-193.4% | -$1.5M-4630.2% | N/A | -$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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $350K | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $839K | N/A |
| Total Equity | -$12.2M-57.4% | -$14.3M-111.9% | -$12.7M-141.0% | -$9.6M-1084.9% | -$7.7M-677.9% | -$6.8M-913.4% | -$5.3M-730.5% | -$808K |
| Retained Earnings | -$20.5M-135.4% | -$17.2M-122.4% | -$15.3M-145.4% | -$10.9M | -$8.7M | -$7.7M | -$6.3M-263.5% | 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 | -$1.0M-167.5% | -$1.9M-86.0% | -$329K+71.6% | -$234K-94.6% | -$383K-547.0% | -$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 | -$1.0M-19.7% | -$1.9M-64.3% | -$458K+60.4% | -$480K-295.4% | -$857K-1268.3% | -$1.1M-3916.9% | -$1.2M | -$121K |
| Investing Cash Flow | $0+100.0% | -$9K+93.2% | -$129K-12931200.0% | -$246K-21963.1% | -$473K-13961.9% | -$139K-237.1% | -$1 | -$1K |
| Financing Cash Flow | $477K-20.5% | $2.3M+62.2% | $435K-54.1% | $700K | $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% | N/A | 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.
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 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 (0.02), 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.
| 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 | — |
| PureCycle Technologies, Inc. Unit PCTTU | FY2025 | $8.4M | -$182.6M | N/A | N/A | 28/100 |
| ClearSign Technologies Corporation CLIR | FY2025 | $5.2M | -$5.5M | N/A | $24.1M | 62/100 |
| LiqTech International, Inc. LIQT | FY2025 | $16.5M | -$8.5M | -51.7% | $22.7M | 30/100 |
| TOMI Environmental Solutions, Inc. TOMZ | FY2025 | $5.6M | -$3.7M | -66.5% | $11.8M | 33/100 |
Where Rain Enhancement Technologies Holdco, Inc. Warrants Ranks
Frequently Asked Questions
What is Rain Enhancement Technologies Holdco, Inc. Warrants's EBITDA?
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) had EBITDA of -$8.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rain Enhancement Technologies Holdco, Inc. Warrants's free cash flow?
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) recorded an outflow of $2.9M in free cash flow during fiscal year 2025. This represents a -114.9% 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 Technologies Holdco, Inc. Warrants's operating cash flow?
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.
What are Rain Enhancement Technologies Holdco, Inc. Warrants's total assets?
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.
What are Rain Enhancement Technologies Holdco, Inc. Warrants's capital expenditures?
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) invested $988K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Rain Enhancement Technologies Holdco, Inc. Warrants spend on research and development?
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) invested $62K in research and development during fiscal year 2025.
What is Rain Enhancement Technologies Holdco, Inc. Warrants's current ratio?
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.
How does Rain Enhancement Technologies Holdco, Inc. Warrants's liquidity compare with its operating cash outflow?
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.
Why is Rain Enhancement Technologies Holdco, Inc. Warrants's debt-to-equity ratio negative or not reported?
Rain Enhancement Technologies Holdco, Inc. Warrants (RAINW) has negative shareholder equity of -$12.7M as of fiscal year 2025, so no debt-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.
Can Rain Enhancement Technologies Holdco, Inc. Warrants cover its interest payments?
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.