Richtech Robotics Issues Shareholder Letter
Rhea-AI Summary
Richtech Robotics (Nasdaq: RR) outlined a strategic recalibration into three pillars: Commercial Robotics, Industrial Robotics, and Data Services, and reported Q1 FY2026 results for the quarter ended Dec 31, 2025. The company reported RaaS revenue of $0.3M (+31% YoY), a GAAP net loss of $8.4M driven by $8.3M non-cash stock-based compensation, and total liquidity of $328.8M.
Richtech said Dex humanoid rollout is expected in 2Q FY2026 and emphasized transition toward recurring RaaS and data services revenue streams.
Positive
- RaaS revenue $0.3M (+31% YoY)
- Total liquidity $328.8M as of Dec 31, 2025
- Adjusted loss approximately $(0.1)M excluding non-cash stock comp
Negative
- GAAP net loss $8.4M in Q1 FY2026
- $8.3M non-cash stock-based compensation drove GAAP loss
- Product sale revenue declined year-over-year amid RaaS focus
News Market Reaction – RR
On the day this news was published, RR declined 7.38%, reflecting a notable negative market reaction. Argus tracked a trough of -5.7% from its starting point during tracking. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $51M from the company's valuation, bringing the market cap to $641M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
RR gained 3.29% while peers were mixed: GHM +0.15%, KRNT -1.54%, SERV +1%, LXFR +0.26%, OFLX +2.45%. The pattern points to a stock-specific reaction rather than a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2026-01-29 | Private placement close | Negative | -20.9% | Closed $38.7M at-the-market private placement of 8.5M Class B shares. |
| 2026-01-28 | Private placement deal | Negative | -7.8% | Announced $38.7M at-the-market private placement for Class B shares. |
| 2026-01-27 | Microsoft AI tie-up | Positive | +44.6% | Collaboration with Microsoft to add Azure AI to ADAM and other robots. |
| 2025-12-24 | Dex CES debut | Positive | +8.3% | Announced Dex humanoid robot debut at CES 2026 with NVIDIA tech. |
| 2025-11-04 | NomadGo partnership | Positive | -8.8% | Teamed with NomadGo to integrate inventory AI into Dex platform. |
News linked to capital raises has coincided with negative moves, while technology and partnership updates have often seen positive or strong reactions.
Over the past few months, Richtech reported several capital and strategic milestones. A Microsoft collaboration on Jan 27, 2026 saw a 44.62% gain, and the Dex humanoid debut at CES on Dec 24, 2025 preceded an 8.31% rise. By contrast, a $38.7 million private placement announced on Jan 28–29, 2026 aligned with declines of 7.8% and 20.87%. Today’s shareholder letter echoes the shift toward commercial, industrial and data pillars and recurring revenue already described in recent filings and collaborations.
Regulatory & Risk Context
An effective S-3ASR filed on 2025-09-23 allows Richtech to issue various securities, including up to $1,000,000,000 of Class B common stock via an ATM program. With reported usage_count at 0 in this context, the shelf represents substantial registered capital-raising capacity alongside the separate ATM and private placement activity detailed in recent SEC filings.
Market Pulse Summary
The stock moved -7.4% in the session following this news. A negative reaction despite the shareholder letter’s focus on RaaS growth and ample liquidity could fit prior patterns where capital-raising headlines preceded weakness. The update highlighted $0.3 million in RaaS revenue, a 31% year-over-year increase, but also a GAAP net loss of $8.4 million driven by $8.3 million in stock-based compensation. With an effective $1,000,000,000 shelf and a history of equity issuance, concerns about dilution and profitability could dominate sentiment around such news.
Key Terms
form 10-q regulatory
raas technical
robots-as-a-service technical
ai technical
AI-generated analysis. Not financial advice.
Highlights the Company’s strategic business recalibration into three pillars: commercial, industrial and data services
LAS VEGAS, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a U.S.-based provider of AI-driven robots operating in commercial and industrial environments, issues a letter to its shareholders from Founder and Chief Executive Officer, Wayne Huang. The letter outlines the Company’s strategic evolution into three core business pillars and reaffirms its strong financial position following the filing of its Form 10-Q for Q1 FY2026, covering the three months ended December 31, 2025.
Dear Fellow Shareholders,
Thank you for your continued commitment and support of Richtech Robotics and our mission of advancing robotics in real world applications, across industries and markets. At Richtech Robotics, we are focused on developing and implementing advanced AI robotics systems that aim to improve the efficiency and productivity of businesses through the adoption of a supplemental AI powered workforce.
Through our early mover advantage, we have identified three target markets with demonstrated labor constraints and where we have successfully deployed our robotics solutions with measurable returns. As such, we have recalibrated our business structure to capture near-term market share in high-growth, incumbent industries. As a result, our business is defined by three strategic pillars that serve as our team’s core focus for continued technology development going forward:
- Commercial Robotics: Our core hospitality and commercial service robots ADAM and Matradee continue to lead the market in beverage and barista capacity, providing a high-margin, easily scalable solution to labor shortages across hospitality and interactive retail-oriented environments.
- Industrial Robotics: Following its premiere in October 2025, our mobile humanoid robot, Dex, is expected to be deployed in an initial phase in 2Q FY2026. Purpose built for production and manufacturing verticals, we’ve integrated NVIDIA’s Isaac Sim technology with our internal data pipeline, accumulated through years of practical applications, simulation training and fine tuning, to accelerate time to market with a reliable system.
- Data Services: Inherent to our business is the data we accumulate from the systems we’ve deployed, fine-tuned, and retrained. Our data services segment is rooted in our rigorous internal R&D strategy, external engineering resources and open-source technology platforms. With datasets fundamental to the success of our industrial and commercial product lines we have carved out a separate revenue opportunity to be generated by our data services. By leveraging real-world data from our active deployments, we have formalized this business segment and are providing critical training sets to top-tier AI companies.
Importantly, we have discovered that our early-to-market advantage has established a moat for Richtech Robotics through the accumulation of a robust repository of real-world operational data. Further, we have isolated what does not work in robotics and AI, that being a general use robotics system. With this experience, we have implemented our purpose-built robotics approach by developing specific solutions for commercial and industrial use. This bottom-up strategy allows us to perfect tasks in the physical world before scaling them with the goal of delivering a model for global deployment.
With the support of a resilient balance sheet position and continued momentum in the transition to recurring revenue generation through our Robots-as-a-Service (RaaS) model, we are producing tangible results. Of note, Q1 FY2026 reflects a period of structural financial transition and capital reinforcement.
- Accelerating RaaS Growth: In line with our strategic refocus to establish a predictable revenue rate, we operationalized our RaaS model in 2025, and in Q1 FY2026, RaaS revenue totaled
$0.3 million , a31% increase from the comparable prior year period. As we prioritize our recurring revenue business model, we’ve concurrently reduced our hardware robotics sales initiatives. As reported in our Q1 FY2026 financial statements, this mix shift is reflected as a year over year decrease in our Product Sale revenue, and while this revenue stream remains part of our overall revenue mix, our business development strategy is focused on our RaaS recurring revenue model.
- Bolstered Balance Sheet: Q1 FY2026 net loss attributable to common stockholders was
$8.4 million . The net loss consisted of$8.3 million of non-cash stock-based compensation expense, which impacted GAAP net income but did not affect cash flow. Excluding this non-cash expense, adjusted net loss attributable to common stockholders was approximately$(0.1) million for the quarter. As of December 31, 2025, total liquidity was$328.8 million , consisting of$271.8 million in cash and cash equivalents and$56.7 million in short-term investments. In addition, we recently bolstered our balance sheet with a significant capital commitment from a long-term institutional investor, providing us the flexibility to continue to invest in R&D and business development and go-to-market of our three strategic growth pillars while maintaining strict financial discipline.
Importantly, we remain steadfast in our commitment to transparency and will promptly communicate to the market in compliance with public disclosure requirements.
In summary, Richtech Robotics has grown and evolved beyond being solely a robotics hardware company. It is an embodied AI company with multiple revenue streams, focused on legacy businesses that operate in the foundational layers of the economy, and targeting US consumers. With the capital to execute and business solutions that are already solving real-world labor challenges, we are optimistic in our path forward.
We thank you for your continued trust and support.
Sincerely,
Wayne Huang
About Richtech Robotics
Richtech Robotics develops advanced robotic solutions and the data infrastructure that makes its robots more intelligent. Guided by three strategic pillars — Industrial, Commercial, and Data Services — Richtech Robotics aims to deliver dependable automation, consistent service performance, and continuous AI-driven improvement at scale. From factory floors to hospitality venues, our robots work alongside people to enhance efficiency, precision, and quality. Learn more at www.RichtechRobotics.com, and connect with us on X, LinkedIn and YouTube.
Forward Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks related to the impact of the parties’ collaboration on agentic artificial intelligence capabilities in real-world Robotics systems; and risks related to Richtech Robotics’ ability to realize the benefits of the collaboration described herein. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on January 20, 2026, and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.
Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Investors:
CORE IR
investors@richtechrobotics.com
Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050
FAQ
What did Richtech Robotics (RR) report for Q1 FY2026 revenue and RaaS growth?
How did Richtech Robotics (RR) perform on profitability in Q1 FY2026?
What is Richtech Robotics' (RR) cash and liquidity position as of Dec 31, 2025?
When will Richtech Robotics (RR) begin deploying its humanoid robot Dex?
What strategic business pillars did Richtech Robotics (RR) announce on Feb 17, 2026?
