Richtech Robotics builds and sells service robots—delivery, cleaning, and food-prep machines—for restaurants, hotels, and hospitals. Think of them as the hardware behind a robotic waiter or janitor.
Money comes from one-off robot sales, not recurring fees. Gross margins are high (48% TTM), but net margins are deeply negative—net income was -USD 0.02B in fiscal 2025—so the business is currently spending far more than it earns.
No clear edge: competitors like SoftBank Robotics and Bear Robotics offer similar service robots, and the tech is easily replicated. No patents or network effects are visible in the data, so customers can switch freely.
Key events, in time order
SEC filing reveals prior financial statements require restatement due to errors; new control weaknesses identified; pre-market down 12.2%
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