RDNW (RDNW) financial statements
RDNW reported revenue of $1.1B in fiscal 2025, up 86.8% a year over 8 years.
Net income was -$52M.
Free cash flow was $10M.
The diluted share count rose 13502% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RDNW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $7M | $156M | $841M | $416M | $924M | $1.5B | $1.4B | $1.2B | $1.1B |
| Cost of revenue | $0 | $7M | $143M | $790M | $385M | $766M | $1.0B | $1.0B | $895M | $784M |
| Gross profit | $0 | $278,109 | $14M | $51M | $32M | $158M | $442M | $360M | $314M | $298M |
| Research and development | — | — | $1M | $2M | $1M | — | — | — | — | — |
| Selling, general and admin | $211,493 | $8M | $36M | $87M | $54M | $164M | $354M | $347M | $275M | $256M |
| Operating income | -$213,393 | -$8M | -$23M | -$38M | -$19M | -$9M | -$260M | -$70M | -$15M | -$200,000 |
| Interest expense | $5,626 | $595,966 | $2M | -$7M | $6M | $16M | $52M | $77M | — | — |
| Pre-tax income | -$225,091 | -$9M | -$25M | -$45M | -$25M | -$31M | -$306M | -$155M | -$79M | -$52M |
| Income tax | -$513 | $0 | $0 | $0 | $0 | -$22M | -$72M | $59M | -$200,000 | $300,000 |
| Net income | -$224,578 | -$9M | -$25M | -$45M | -$25M | -$10M | -$262M | -$216M | -$79M | -$52M |
| EPS (diluted) | -$0.80 | -$17.20 | -$33.95 | -$40.53 | -$11.44 | -$1.41 | -$16.48 | -$12.15 | -$2.22 | -$1.38 |
| Diluted shares | 0M | 0M | 1M | 1M | 2M | 7M | 16M | 18M | 35M | 38M |
| Gross margin | — | 3.8% | 8.7% | 6.0% | 7.6% | 17.1% | 30.3% | 26.3% | 26.0% | 27.5% |
| Operating margin | — | -109.2% | -15.0% | -4.5% | -4.5% | -1.0% | -17.8% | -5.1% | -1.3% | -0.0% |
| Net margin | — | -117.3% | -16.1% | -5.4% | -6.0% | -1.1% | -17.9% | -15.8% | -6.5% | -4.8% |
Balance sheet
Fiscal years, from RDNW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1M | $9M | $9M | $49,660 | $1M | $49M | $47M | $59M | $85M | $30M |
| Receivables | $0 | $577,107 | $8M | $8M | $9M | $40M | $28M | $50M | $30M | $29M |
| Inventory | $0 | $52M | $52M | $57M | $21M | $202M | $324M | $348M | $241M | $257M |
| Total current assets | $1M | $13M | $78M | $74M | $38M | $300M | $461M | $481M | $371M | $335M |
| Property, plant and equipment | $0 | $3M | $5M | $6M | $7M | $21M | $76M | $77M | $64M | $60M |
| Goodwill | $0 | $2M | $26M | $27M | $27M | $235M | $21M | $800,000 | $800,000 | $0 |
| Total assets | $1M | $18M | $109M | $113M | $77M | $1.0B | $1.0B | $926M | $755M | $674M |
| Total current liabilities | $219,101 | $2M | $69M | $74M | $35M | $179M | $312M | $395M | $324M | $296M |
| Long-term debt | — | — | — | — | $5M | — | $374M | $239M | $212M | $207M |
| Total liabilities | $304,321 | $4M | $78M | $101M | $72M | $596M | $821M | $821M | $718M | $686M |
| Shareholders' equity | $1M | $14M | $31M | $13M | $5M | $432M | $206M | $106M | $37M | -$12M |
| Net debt | -$1M | -$8M | $49M | $59M | $24M | -$49M | $551M | $215M | $166M | $178M |
Cash flow
Fiscal years, from RDNW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$19,976 | -$10M | -$23M | -$40M | $17M | -$32M | -$19M | -$39M | $99M | $16M |
| Capital spending | $0 | $1M | $2M | $3M | $2M | $8M | $13M | $16M | $2M | $6M |
| Free cash flow | -$19,976 | -$11M | -$26M | -$43M | $15M | -$40M | -$31M | -$55M | $97M | $10M |
| Stock-based compensation | $0 | $503,023 | $2M | $4M | $3M | $29M | $9M | $12M | $5M | $2M |
| Net borrowing | — | — | — | — | — | — | $84M | $2M | $0 | $10M |
| Free cash flow margin | — | -147.2% | -16.4% | -5.1% | 3.6% | -4.3% | -2.2% | -4.0% | 8.0% | 0.9% |
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Open RDNW in InvestinglyQuestions
What was RDNW's revenue in 2025?
$1.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does RDNW generate?
$10M in fiscal 2025 (operating cash flow minus capital spending).
From RDNW's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.