RDW: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	335m	304m
Cost of revenue	318m	260m
Gross profit	17m	44m
Research and development	20m	6m
Selling, general and administrative	171m	71m
Operating income	−230m	−42m
Pre-tax income	−252m	−116m
Income tax	−25m	−2m
Net income	−227m	−114m
Earnings per share	−2.28	−2.35
Earnings per share, diluted	−2.28	−2.35
Weighted average shares	120m	66m
Weighted average shares, diluted	120m	66m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	145m	95m	54m	79m	54m	49m	43m	31m
Receivables	24m	37m	32m	37m	15m	22m	23m	22m
Inventory	69m	56m	53m	59m	2m	2m	2m	2m
Current assets	321m	253m	211m	245m	142m	126m	127m	105m
Goodwill	776m	779m	800m	789m	72m	71m	73m	65m
Total assets	1.51bn	1.45bn	1.45bn	1.51bn	314m	293m	290m	260m
Current liabilities	183m	156m	150m	167m	119m	149m	131m	107m
Short-term debt	5m	5m	6m	5m	780,000	1m	2m	780,000
Long-term debt	83m	80m	185m	185m	104m	124m	122m	95m
Total liabilities	347m	312m	413m	449m	247m	345m	278m	230m
Equity	1.09bn	1.06bn	928m	908m	−68m	−189m	−96m	−78m
Shares outstanding	199m	192m	155m	143m	77m	67m	67m	66m
Shares issued	199m	192m	155m	143m	77m	67m	67m	66m
Treasury shares	1m	1m	903,925	729,295	728,739	728,739	614,654	373,420

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−177m	−17m
Depreciation and amortisation	33m	12m
Share-based compensation	59m	11m
Capital expenditure	13m	6m
Investing cash flow	−175m	−7m
Financing cash flow	397m	44m