Ridgetech FY2026: Revenue Climbs 10% to $132M, but Bottom Line Swings to a Loss
RDGT is trading near its 52-week low of $0.76 (6.6% above the low).
Summary
Ridgetech posted fiscal 2026 revenue of $132.2 million, up 10.2%, but swung to a net loss of $1.25 million. The results underscore the shift to a wholesale-focused model and arrive amid an active $184.7 million ATM program.
Key Events · Earnings and Guidance · RDGT
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Revenue Grows 10% to $132.2M
Fiscal 2026 revenue rose to $132.16 million, driven by a full year of Allright's online platform sales ($14.29M vs. $1.11M prior year). Offline wholesale dipped 0.8% to $117.87M after the company curtailed credit sales.
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Swings to Net Loss of $1.25M
Net loss was $1.25 million ($17.21 per share) compared to net income of $10.20 million last year, which included a $15.76M gain from divesting Jiuxin Investment. Operating loss widened to $1.87M from $1.04M.
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Cash Position at $17.9M
Cash and equivalents stood at $17.91 million as of March 31, 2026, up from $12.78 million a year earlier, supported by $10.88M in equity and debt financing proceeds.
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ATM Program Overhang
The earnings come just days after Ridgetech launched a new $184.7 million ATM program, which could massively dilute existing shareholders given the company's $710K market cap.
Analysis · RDGT · Trade & Services
Fiscal 2026 brought a 10% revenue gain to $132.2 million for Ridgetech, fueled by its online platform, yet the company swung to a net loss of $1.25 million from a $10.2 million profit a year ago. The reversal stems from the full-year cost of the Allright acquisition and the absence of a one-time divestiture gain. With $17.9 million in cash and a newly activated $184.7 million ATM program, the company has capital to fund operations but faces significant dilution risk. These earnings offer the first look at the post-restructuring business model and establish the baseline for evaluating the ATM's impact.
At the time of this filing, RDGT was trading at $0.81 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $710.2K. The 52-week trading range was $0.76 to $760.49. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.