RMTI (RMTI) financial statements
RMTI reported revenue of $69M in fiscal 2025, up 3.0% a year over 9 years.
Net income was -$5M and the operating margin -6.8%, against -37.9% in 2016.
Free cash flow was -$1M.
The diluted share count fell 29% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RMTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53M | $57M | $63M | $61M | $62M | $62M | $73M | $84M | $101M | $69M |
| Cost of revenue | $47M | $54M | $65M | $58M | $59M | $64M | $69M | $75M | $84M | $58M |
| Gross profit | $7M | $4M | -$2M | $3M | $3M | -$2M | $4M | $9M | $17M | $12M |
| Research and development | $6M | $6M | $6M | $7M | $7M | $7M | $3M | $1M | $19,000 | $0 |
| Selling, general and admin | $21M | $23M | $23M | $30M | $24M | $21M | $18M | $14M | $17M | $16M |
| Operating income | -$20M | -$26M | -$32M | -$35M | -$28M | -$30M | -$17M | -$7M | $608,000 | -$5M |
| Interest expense | — | — | — | $25,000 | $2M | $2M | $2M | $2M | $1M | $1M |
| Pre-tax income | -$19M | -$26M | — | — | — | — | — | -$8M | -$480,000 | -$5M |
| Income tax | $404,527 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$20M | -$26M | -$32M | -$34M | -$31M | -$33M | -$19M | -$8M | -$480,000 | -$5M |
| EPS (diluted) | -$3.90 | -$5.10 | -$6.10 | -$5.60 | -$4.10 | -$38.30 | -$13.10 | -$3.70 | -$0.30 | -$1.50 |
| Diluted shares | 5M | 5M | 5M | 6M | 8M | 1M | 1M | 2M | 3M | 4M |
| Gross margin | 12.7% | 6.5% | -2.5% | 4.6% | 4.4% | -3.9% | 5.6% | 10.4% | 17.2% | 16.9% |
| Operating margin | -37.9% | -45.2% | -51.2% | -56.3% | -45.7% | -49.0% | -23.0% | -8.0% | 0.6% | -6.8% |
| Net margin | -37.2% | -45.2% | -50.7% | -55.7% | -49.7% | -52.8% | -25.7% | -10.1% | -0.5% | -7.7% |
Balance sheet
Fiscal years, from RMTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $58M | $33M | $34M | $26M | $59M | $22M | $22M | $11M | $22M | $25M |
| Receivables | $6M | $6M | $7M | $4M | $4M | $6M | $6M | $11M | $8M | $8M |
| Inventory | $12M | $8M | $4M | $4M | $4M | $4M | $6M | $6M | $6M | $3M |
| Total current assets | $79M | $49M | $47M | $37M | $69M | $35M | $35M | $29M | $37M | $38M |
| Property, plant and equipment | $1M | $3M | $3M | $2M | $3M | $2M | $2M | $6M | $6M | $5M |
| Goodwill | $920,745 | $920,745 | $920,745 | $921,000 | $921,000 | $921,000 | $921,000 | $921,000 | $921,000 | $921,000 |
| Total assets | $83M | $59M | $53M | $44M | $78M | $49M | $47M | $52M | $59M | $57M |
| Total current liabilities | $10M | $9M | $13M | $12M | $13M | $21M | $18M | $17M | $14M | $10M |
| Long-term debt | — | — | — | $0 | $21M | $13M | $8M | $8M | $8M | $9M |
| Total liabilities | $30M | $26M | $25M | $24M | $44M | $46M | $33M | $31M | $27M | $20M |
| Shareholders' equity | $53M | $33M | $27M | $20M | $34M | $3M | $14M | $21M | $33M | $37M |
| Net debt | -$17M | -$8M | -$23M | -$12M | -$28M | $7M | -$916,000 | -$690,000 | -$7M | -$2M |
Cash flow
Fiscal years, from RMTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$12M | -$21M | -$20M | -$27M | -$30M | -$34M | -$17M | -$9M | $4M | -$659,000 |
| Capital spending | — | — | — | — | — | — | — | $284,000 | $1M | $542,000 |
| Free cash flow | — | — | — | — | — | — | — | -$10M | $3M | -$1M |
| Stock-based compensation | $10M | $7M | $4M | $5M | $475,000 | $943,000 | $315,000 | $932,000 | $1M | $2M |
| Net borrowing | — | — | — | $0 | $22M | -$750,000 | -$12M | -$2M | $0 | — |
| Free cash flow margin | — | — | — | — | — | — | — | -11.6% | 3.1% | -1.7% |
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Open RMTI in InvestinglyQuestions
What was RMTI's revenue in 2025?
$69M in fiscal 2025, from its 10-K filing.
How much free cash flow does RMTI generate?
-$1M in fiscal 2025 (operating cash flow minus capital spending).
From RMTI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.