Richtech Robotics (RR) flags $9.8M software impairment in delayed 10-Q

Rhea-AI Filing Summary

Richtech Robotics Inc. notified that it will file its Form 10-Q for the period ended June 30, 2026 after the deadline, citing the need for additional time for its accounting staff to finalize the financial statements. The company expects to file within the five-day grace period allowed under Rule 12b-25.

For the nine months ended June 30, 2026, net revenue is expected to be approximately $3.9 million, compared with $3.6 million for the same period in the prior year. For the three months ended June 30, 2026, net revenue is expected to be approximately $1.4 million, versus $1.2 million a year earlier.

In connection with a transition to next-generation AI-native systems, management determined certain legacy software-related intangible assets would not provide economic benefit beyond June 30, 2026, and expects to record a full impairment of $9.8 million as general and administrative expense in the quarter. All figures remain under review by the independent auditor and accounting staff and may change in the final Form 10-Q.

Positive

• Expected quarterly net revenue growth of over 10%, from approximately $1.2 million to $1.4 million for the three months ended June 30, 2026.

Negative

• Company plans to record a full $9.8 million impairment of certain software-related intangible assets in the June 30, 2026 quarter.
• Form 10-Q for the period ended June 30, 2026 will be filed late, requiring reliance on the Rule 12b-25 grace period.

Key Figures

Expected net revenue, nine months: $3.9 million Prior-year net revenue, nine months: $3.6 million Expected net revenue, quarter: $1.4 million +3 more

6 metrics

Expected net revenue, nine months $3.9 million For the nine months ended June 30, 2026; compared with $3.6 million prior year

Prior-year net revenue, nine months $3.6 million For the nine months ended June 30, 2025; comparison baseline

Expected net revenue, quarter $1.4 million For the three months ended June 30, 2026; compared with $1.2 million prior year

Prior-year net revenue, quarter $1.2 million For the three months ended June 30, 2025; comparison baseline

Impairment of software-related intangibles $9.8 million Full impairment recorded as general and administrative expense in Q3 ended June 30, 2026

Grace period for late 10-Q five days Company expects to file within the five-day grace period under Rule 12b-25

Key Terms

Rule 12b-25, software-related intangible assets, impairment, general and administrative expense, +1 more

5 terms

Rule 12b-25 regulatory

"expects to file its Form 10-Q within the five-day grace period provided by Rule 12b-25"

Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.

software-related intangible assets financial

"reassessed the remaining useful lives of certain software-related intangible assets and determined"

impairment financial

"Accordingly, the Company fully impaired the remaining carrying values of $9.8 million"

Impairment occurs when the value of an asset, such as property, equipment, or investments, drops below its recorded worth on the books. This situation signals that the asset may be less valuable than originally thought, similar to discovering that an item you own is worth less than what you paid for it. For investors, recognizing impairment is important because it can affect the overall financial health and future prospects of a business.

general and administrative expense financial

"impaired the remaining carrying values of $9.8 million of the affected assets as general and administrative expense"

General and administrative expense are the routine overhead costs a company pays to run its business that aren’t tied to making a product or delivering a service — things like rent, office supplies, executive and back-office salaries, legal and accounting fees. Investors watch these expenses because they reduce profit and cash flow; rising or unusually large overhead can signal inefficiency or pressure on future earnings, while steadily controlled overhead can support stronger margins.

grace period regulatory

"anticipates that it will file its Form 10-Q within the five-day grace period provided"

A grace period is a short, pre-agreed span of time after a payment, filing, or other obligation is due during which a company or individual can meet the requirement without being penalized or declared in default. Think of it as a temporary breathing room that prevents immediate consequences for a missed deadline. Investors care because grace periods affect when cash flows are actually received, how soon penalties or defaults can hit, and the apparent credit risk and stability of an issuer.

FAQ

Why is Richtech Robotics Inc. (RR) filing its June 30, 2026 Form 10-Q late?

Richtech Robotics reports it cannot file the June 30, 2026 Form 10-Q on time because its accounting staff needs additional time to finalize the financial statements. It plans to use the five-day grace period allowed under Rule 12b-25.

What revenue does Richtech Robotics Inc. (RR) expect for the nine months ended June 30, 2026?

For the nine months ended June 30, 2026, Richtech Robotics expects net revenue of approximately $3.9 million, compared with $3.6 million for the same prior-year period. These figures are preliminary and remain under review by the auditor and accounting staff.

How did Richtech Robotics Inc. (RR) perform in the quarter ended June 30, 2026?

For the three months ended June 30, 2026, Richtech Robotics expects net revenue of about $1.4 million, up from $1.2 million a year earlier. The company also expects to record a $9.8 million impairment charge in this quarter.

What is the $9.8 million impairment Richtech Robotics Inc. (RR) expects to record?

During the June 30, 2026 quarter, Richtech Robotics reassessed certain software-related intangible assets and determined legacy platforms lacked future benefit, leading to an expected $9.8 million full impairment recorded as general and administrative expense.

When does Richtech Robotics Inc. (RR) expect to file the delayed Form 10-Q?

Richtech Robotics anticipates filing the Form 10-Q for the period ended June 30, 2026 within the five-day grace period provided by Rule 12b-25. The company states the delay is due to additional time needed to finalize its financial statements.

Are Richtech Robotics Inc. (RR) preliminary figures for June 30, 2026 final?

No. Richtech Robotics states that the preliminary revenue and the $9.8 million impairment amounts are still under review by its independent registered public accounting firm and accounting staff and may differ in the final Form 10-Q.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 05:06 PM Accepted by SEC EDGAR 08/14/2026 - 05:05 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One):  ☐ Form 10-K  ☐ Form 20-F  ☐ Form 11-K  ☒ Form 10-Q  ☐ Form 10-D  ☐ Form N-CEN  ☐  Form N-CSR

For Period Ended:  June 30, 2026

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-K

For the Transition Period Ended: ________________

Read Instructions (on back page) Before Preparing Form. Please Print or Type.

NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I -- REGISTRANT INFORMATION

Full Name of Registrant:	Richtech Robotics Inc.
Former Name if Applicable:	N/A
Address of Principal Executive Office (Street and Number):	2975 Lincoln Rd
City, State and Zip Code:	Las Vegas, NV 89115

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed (Check box if appropriate)

	(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III -- NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant is unable to file its Form 10-Q for the period ended June 30, 2026 within the prescribed time period without unreasonable effort or expense because the Registrant’s accounting staff needs additional time to finalize the financial statements for the period ended June 30, 2026. The Registrant anticipates that it will file its Form 10-Q within the five-day grace period provided by Rule 12b-25 of the Securities Exchange Act of 1934, as amended.

PART IV --OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification:

Zhenqiang (Michael) Huang		866		236-3835
(Name)		(Area Code)		(Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

☒ Yes  ☐ No

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 ☒ Yes  ☐ No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

For the nine months ended June 30, 2026, the Company expects to report net revenue of approximately $3.9 million, compared to $3.6 million for the same period in the prior year. For the three months ended June 30, 2026, net revenue is expected to be approximately $1.4 million, compared to $1.2 million for the same period in the prior year. During the three months ended June 30, 2026, in connection with the Company’s transition to next-generation AI-native systems, the Company reassessed the remaining useful lives of certain software-related intangible assets and determined that the affected legacy software platforms would no longer provide future economic benefit beyond June 30, 2026. Accordingly, the Company fully impaired the remaining carrying values of $9.8 million of the affected assets as general and administrative expense during the three months ended June 30, 2026. The amounts reported above are still under review by the Registrant’s independent registered public accounting firm and accounting staff and may differ once reported in the Form 10-Q to be filed by the Registrant. 

Richtech Robotics Inc.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 14, 2026	By:	/s/ Zhenqiang Huang
		Zhenqiang Huang
		Chief Financial Officer