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Rain Enhancement Technologies Holdco (RAIN) Financials

Rain Enhancement Technologies Holdco logo
$1.77 +0.17 (+10.63%)
Closing price 07/22/2026 04:00 PM Eastern
Extended Trading
$1.80 +0.02 (+1.41%)
As of 07/22/2026 06:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Rain Enhancement Technologies Holdco

Annual Income Statements for Rain Enhancement Technologies Holdco

This table shows Rain Enhancement Technologies Holdco's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.44 -4.53 -9.09
Consolidated Net Income / (Loss)		 -0.44 -4.53 -9.09
Net Income / (Loss) Continuing Operations		 -0.44 -4.53 -9.09
Total Pre-Tax Income 		-0.44 -4.53 -9.09
Total Operating Income		 -0.41 -4.50 -8.13
Total Gross Profit		 0.00 0.00 -0.40
Total Revenue		 0.00 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.40
Operating Cost of Revenue		 - 0.00 0.40
Total Operating Expenses		 0.41 4.50 7.73
Selling, General & Admin Expense		 0.40 4.49 7.65
Research & Development Expense		 - 0.00 0.06
Depreciation Expense		 - 0.00 0.01
Amortization Expense		 0.01 0.01 0.01
Other Operating Expenses / (Income)		 0.00 0.00 0.00
Total Other Income / (Expense), net		 -0.03 -0.03 -0.96
Interest Expense		 0.03 0.03 0.28
Interest & Investment Income		 0.00 0.00 0.00
Other Income / (Expense), net		 - 0.00 -0.67
Basic Earnings per Share		 ($0.47) ($4.58) ($2.40)
Weighted Average Basic Shares Outstanding		 920.54K 1.98M 7.59M
Diluted Earnings per Share		 ($0.47) ($4.58) ($2.40)
Weighted Average Diluted Shares Outstanding		 920.54K 1.98M 7.59M

Quarterly Income Statements for Rain Enhancement Technologies Holdco

This table shows Rain Enhancement Technologies Holdco's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.03 -0.32 -3.01 -1.17 -1.48 -0.95 -2.20 -4.46 -1.86
Consolidated Net Income / (Loss)		 -0.03 -0.32 -3.01 -1.17 -1.48 -0.95 -2.20 -4.46 -1.86
Net Income / (Loss) Continuing Operations		 -0.03 -0.32 -3.01 -1.17 -1.48 -0.95 -2.20 -4.46 -1.86
Total Pre-Tax Income 		-0.03 -0.32 -3.01 -1.17 -1.48 -0.95 -2.20 -4.46 -1.86
Total Operating Income		 -0.02 -0.32 -3.00 -1.16 -1.35 -1.07 -1.64 -4.07 -1.93
Total Gross Profit		 0.00 0.00 0.00 - 0.00 0.00 -0.06 -0.35 0.01
Total Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.01
Operating Revenue		 - - - - 0.00 - - - 0.01
Total Cost of Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.06 0.35 0.00
Total Operating Expenses		 0.02 0.32 3.00 1.16 1.35 1.07 1.59 3.72 1.94
Selling, General & Admin Expense		 0.02 0.31 3.00 1.16 1.34 1.07 1.54 3.70 1.88
Research & Development Expense		 - - 0.00 - 0.00 - 0.05 - 0.04
Depreciation Expense		 - - - - 0.00 - - - 0.01
Amortization Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Other Income / (Expense), net		 -0.01 -0.01 -0.01 -0.01 -0.14 0.12 -0.56 -0.39 0.07
Interest Expense		 0.01 0.01 0.01 0.01 0.05 0.03 0.24 -0.04 0.14
Interest & Investment Income		 0.00 0.00 - - 0.00 0.00 - - 0.00
Other Income / (Expense), net		 0.00 0.00 0.00 - -0.09 0.15 -0.31 -0.43 0.21
Basic Earnings per Share		 ($0.02) ($0.18) ($9.34) $4.96 ($0.40) ($0.26) ($0.58) ($1.16) ($0.48)
Weighted Average Basic Shares Outstanding		 1.77M 1.77M 644.50K 1.98M 7.59M 7.59M 7.59M 7.59M 7.89M
Diluted Earnings per Share		 ($0.02) ($0.18) ($9.34) $4.96 ($0.40) ($0.26) ($0.58) ($1.16) ($0.48)
Weighted Average Diluted Shares Outstanding		 1.77M 1.77M 644.50K 1.98M 7.59M 7.59M 7.59M 7.59M 7.89M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 0.00 7.59M 7.59M 8.19M 0.00 8.19M

Annual Cash Flow Statements for Rain Enhancement Technologies Holdco

This table details how cash moves in and out of Rain Enhancement Technologies Holdco's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -0.06 -0.00 0.18
Net Cash From Operating Activities		 -0.24 -1.32 -1.95
Net Cash From Continuing Operating Activities		 -0.24 -1.32 -1.95
Net Income / (Loss) Continuing Operations		 -0.44 -4.53 -9.09
Consolidated Net Income / (Loss)		 -0.44 -4.53 -9.09
Depreciation Expense		 - 0.00 0.01
Amortization Expense		 0.01 0.01 0.01
Non-Cash Adjustments To Reconcile Net Income		 0.04 3.19 6.11
Changes in Operating Assets and Liabilities, net		 0.14 0.01 1.01
Net Cash From Investing Activities		 -0.26 -0.05 -0.99
Net Cash From Continuing Investing Activities		 -0.26 -0.05 -0.99
Purchase of Property, Plant & Equipment		 -0.26 -0.05 -0.99
Net Cash From Financing Activities		 0.44 1.36 3.12
Net Cash From Continuing Financing Activities		 0.44 1.36 3.12
Repayment of Debt		 -0.02 -0.08 0.00
Issuance of Debt		 0.45 0.00 2.47
Issuance of Common Equity		 0.00 1.57 0.00
Other Financing Activities, net		 0.00 -0.13 0.65

Quarterly Cash Flow Statements for Rain Enhancement Technologies Holdco

This table details how cash moves in and out of Rain Enhancement Technologies Holdco's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.03 0.35 -0.12 -0.21 0.24 0.39 0.22 -0.02 0.37
Net Cash From Operating Activities		 0.01 -0.06 -0.12 -1.16 -1.01 -0.38 -0.23 -0.33 -1.87
Net Cash From Continuing Operating Activities		 0.01 -0.06 -0.12 -1.16 -1.01 -0.38 -0.23 -0.33 -1.87
Net Income / (Loss) Continuing Operations		 -0.03 -0.32 -3.01 -1.17 -1.48 -0.95 -2.20 -4.46 -1.86
Consolidated Net Income / (Loss)		 -0.03 -0.32 -3.01 -1.17 -1.48 -0.95 -2.20 -4.46 -1.86
Depreciation Expense		 - - - - 0.00 - - - 0.01
Amortization Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Non-Cash Adjustments To Reconcile Net Income		 0.18 0.07 2.75 0.19 0.14 0.94 1.29 3.74 0.63
Changes in Operating Assets and Liabilities, net		 -0.14 0.20 0.13 -0.18 0.34 -0.38 0.67 0.38 -0.65
Net Cash From Investing Activities		 -0.04 -0.00 -0.00 -0.00 -0.14 -0.47 -0.25 -0.13 -0.01
Net Cash From Continuing Investing Activities		 -0.04 -0.00 -0.00 -0.00 -0.14 -0.47 -0.25 -0.13 -0.01
Purchase of Property, Plant & Equipment		 -0.04 -0.00 -0.00 -0.00 -0.14 -0.47 -0.25 -0.13 -0.01
Net Cash From Financing Activities		 0.00 0.42 - 0.95 1.39 0.60 0.70 0.43 2.25
Net Cash From Continuing Financing Activities		 0.00 0.42 - 0.95 1.39 1.25 0.70 0.43 2.25
Issuance of Debt		 0.00 0.42 -0.42 - 0.74 0.60 0.70 0.43 2.25
Other Financing Activities, net		 - - - -0.13 0.65 - - - 0.00

Annual Balance Sheets for Rain Enhancement Technologies Holdco

This table presents Rain Enhancement Technologies Holdco's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.52 1.28 1.79
Total Current Assets		 0.05 0.77 0.32
Cash & Equivalents		 0.04 0.03 0.21
Prepaid Expenses		 0.01 0.01 0.10
Plant, Property, & Equipment, net		 0.37 0.00 0.41
Total Noncurrent Assets		 0.10 0.51 1.07
Intangible Assets		 0.10 0.09 0.08
Other Noncurrent Operating Assets		 - 0.41 0.99
Total Liabilities & Shareholders' Equity		 0.52 1.28 1.79
Total Liabilities		 1.15 6.57 15
Total Current Liabilities		 1.15 6.22 13
Short-Term Debt		 0.61 3.51 9.50
Accounts Payable		 0.51 1.95 1.53
Accrued Expenses		 0.01 0.70 1.91
Current Deferred & Payable Income Tax Liabilities		 0.00 0.00 0.00
Other Current Liabilities		 0.00 0.02 0.02
Other Current Nonoperating Liabilities		 0.03 0.04 0.32
Total Noncurrent Liabilities		 0.00 0.35 1.25
Other Noncurrent Operating Liabilities		 0.00 0.35 1.25
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -0.64 -5.29 -13
Total Preferred & Common Equity		 -0.64 -5.29 -13
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 -0.64 -5.29 -13
Common Stock		 1.08 0.97 2.60
Retained Earnings		 -1.72 -6.25 -15

Quarterly Balance Sheets for Rain Enhancement Technologies Holdco

This table presents Rain Enhancement Technologies Holdco's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1.32 1.55 1.08 2.63
Total Current Assets		 0.68 0.44 0.59 1.15
Cash & Equivalents		 0.27 0.02 0.24 0.58
Prepaid Expenses		 0.33 0.35 0.35 0.57
Plant, Property, & Equipment, net		 0.41 0.41 0.41 0.40
Total Noncurrent Assets		 0.09 0.09 0.08 1.08
Intangible Assets		 0.09 0.09 0.08 0.08
Other Noncurrent Operating Assets		 - - - 1.00
Total Liabilities & Shareholders' Equity		 1.32 1.55 1.94 2.63
Total Liabilities		 8.10 9.28 12 17
Total Current Liabilities		 7.66 8.76 11 16
Short-Term Debt		 4.25 5.91 7.00 12
Accounts Payable		 2.18 1.39 2.28 1.87
Accrued Expenses		 1.13 1.32 1.03 1.39
Current Deferred & Payable Income Tax Liabilities		 - - - 0.00
Other Current Liabilities		 0.02 0.02 0.02 0.02
Other Current Nonoperating Liabilities		 0.09 0.12 0.36 0.46
Total Noncurrent Liabilities		 0.44 0.51 0.83 1.05
Other Noncurrent Operating Liabilities		 0.44 0.51 0.83 1.05
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -6.77 -7.72 -9.58 -14
Total Preferred & Common Equity		 -6.77 -7.72 -9.58 -14
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 -6.77 -7.72 -9.58 -14
Common Stock		 0.97 0.97 1.31 2.86
Retained Earnings		 -7.74 -8.69 -11 -17

Annual Metrics And Ratios for Rain Enhancement Technologies Holdco

This table displays calculated financial ratios and metrics derived from Rain Enhancement Technologies Holdco's official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 0.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00
Growth Metrics		 - - -
Revenue Growth		 0.00% 0.00% 0.00%
EBITDA Growth		 0.00% -1,030.26% -95.65%
EBIT Growth		 0.00% -998.24% -95.55%
NOPAT Growth		 0.00% -998.24% -80.58%
Net Income Growth		 0.00% -937.46% -100.53%
EPS Growth		 0.00% -874.47% 47.60%
Operating Cash Flow Growth		 0.00% -455.44% -47.67%
Free Cash Flow Firm Growth		 0.00% 0.00% -206.22%
Invested Capital Growth		 0.00% -4,838.94% -76.72%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% -60.00%
EBIT Q/Q Growth		 0.00% 0.00% -60.00%
NOPAT Q/Q Growth		 0.00% 0.00% -55.66%
Net Income Q/Q Growth		 0.00% 0.00% -56.60%
EPS Q/Q Growth		 0.00% 0.00% -164.52%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 29.75%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 5.32%
Profitability Metrics		 - - -
Gross Margin		 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00%
Interest Burden Percent		 106.57% 100.67% 103.23%
Effective Tax Rate		 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00%
Return on Equity (ROE)		 68.62% 153.00% 100.82%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 68.62% 153.00% 100.82%
Return on Equity Simple (ROE_SIMPLE)		 68.62% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.29 -3.15 -5.69
NOPAT Margin		 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 24.95% 67.10% 51.78%
Return On Investment Capital (ROIC_SIMPLE)		 1,120.86% 177.17% 175.51%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.41 -4.50 -8.81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.40 -4.49 -8.79
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 -0.96 -0.66 -0.75
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 -0.94 -0.69 -0.73
Leverage Ratio		 -0.81 -0.30 -0.17
Compound Leverage Factor		 -0.87 -0.30 -0.18
Debt to Total Capital		 -2,386.82% -197.27% -292.97%
Short-Term Debt to Total Capital		 -2,386.82% -197.27% -292.97%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 2,486.82% 297.27% 392.97%
Debt to EBITDA		 -1.54 -0.78 -1.08
Net Debt to EBITDA		 -1.44 -0.77 -1.06
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 -2.13 -1.11 -1.67
Net Debt to NOPAT		 -2.00 -1.10 -1.63
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 -35.04
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 0.04 0.12 0.02
Quick Ratio		 0.03 0.01 0.02
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1.41 -4.33
Operating Cash Flow to CapEx		 -90.14% -2,885.96% -197.72%
Free Cash Flow to Firm to Interest Expense		 0.00 -46.77 -15.23
Operating Cash Flow to Interest Expense		 -8.81 -43.73 -6.87
Operating Cash Flow Less CapEx to Interest Expense		 -18.57 -45.24 -10.34
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.23
Days Sales Outstanding (DSO)		 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 1,578.05
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00
Capital & Investment Metrics		 - - -
Invested Capital		 -0.04 -1.77 -3.13
Invested Capital Turnover		 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 -1.74 -1.36
Enterprise Value (EV)		 0.00 0.00 54
Market Capitalization		 0.00 0.00 44
Book Value per Share		 ($0.69) ($2.68) ($1.68)
Tangible Book Value per Share		 ($0.80) ($2.72) ($1.69)
Total Capital		 -0.03 -1.78 -3.24
Total Debt		 0.61 3.51 9.50
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 0.57 3.48 9.29
Capital Expenditures (CapEx)		 0.26 0.05 0.99
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.54 -1.97 -3.68
Debt-free Net Working Capital (DFNWC)		 -0.50 -1.94 -3.47
Net Working Capital (NWC)		 -1.11 -5.45 -13
Net Nonoperating Expense (NNE)		 0.15 1.38 3.40
Net Nonoperating Obligations (NNO)		 0.60 3.52 9.61
Total Depreciation and Amortization (D&A)		 0.01 0.01 0.02
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 ($4.58) ($2.40)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 1.98M 7.59M
Adjusted Diluted Earnings per Share		 $0.00 ($4.58) ($2.40)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 1.98M 7.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -0.29 -3.15 -5.69
Normalized NOPAT Margin		 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 -15.16 -148.90 -30.96
NOPAT to Interest Expense		 -10.62 -104.23 -20.01
EBIT Less CapEx to Interest Expense		 -24.93 -150.41 -34.43
NOPAT Less CapEx to Interest Expense		 -20.38 -105.74 -23.48
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Rain Enhancement Technologies Holdco

This table displays calculated financial ratios and metrics derived from Rain Enhancement Technologies Holdco's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% -6,712.26% -191.53% 34.81% -287.53% -19.20%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% -5,894.07% -189.77% 34.77% -286.81% -19.88%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% -5,518.24% -237.98% 45.19% -250.24% -43.14%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% -4,630.20% -193.35% 26.85% -280.86% -25.48%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -1,900.00% -44.44% 93.79% -123.39% -20.00%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -7,963.10% -547.05% -94.60% 71.56% -86.05%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -200.77%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -76.72% 20.23%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% -1,395.50% -853.12% 61.33% -23.58% 36.00% -113.14% -129.88% 61.99%
EBIT Q/Q Growth		 0.00% -1,225.39% -845.27% 61.27% -23.52% 35.93% -112.78% -129.69% 61.72%
NOPAT Q/Q Growth		 0.00% -1,225.39% -845.27% 61.27% -15.78% 20.27% -53.30% -147.49% 52.68%
Net Income Q/Q Growth		 0.00% -936.34% -826.03% 61.10% -26.71% 35.73% -130.92% -102.53% 58.25%
EPS Q/Q Growth		 0.00% -800.00% -5,088.89% 153.10% -108.06% 35.00% -123.08% -100.00% 58.62%
Operating Cash Flow Q/Q Growth		 0.00% -562.58% -102.94% -861.46% 12.88% 61.93% 38.97% -40.51% -469.93%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -17.56% 37.13% -168.92% -29.34%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -60.78% 18.45% -42.35% 5.32% 27.42%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -16,262.07%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -18,340.83%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -16,388.45%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -17,716.46%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 130.87% 102.33% 100.25% 100.68% 103.28% 103.60% 112.43% 99.13% 108.10%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 153.00% 88.38% 85.61% 60.63% 100.82% 89.67%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -87.16%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -94.22%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 153.00% 88.38% 85.61% 60.63% 100.82% 89.67%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.02 -0.22 -2.10 -0.81 -0.94 -0.75 -1.15 -2.85 -1.35
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -12,838.58%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 10.14% 27.58% 7.48% 33.49% 24.48% 6.41%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 45.71% 37.30% 41.38% 44.67% 87.84% 62.51%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17,926.55%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 387.90%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18,440.83%
Earnings before Interest and Taxes (EBIT)		 -0.02 -0.32 -3.00 -1.16 -1.44 -0.92 -1.96 -4.49 -1.72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.02 -0.31 -3.00 -1.16 -1.43 -0.92 -1.95 -4.49 -1.71
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,908.07
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,013.86
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 -0.66 -0.63 -0.77 -0.73 -0.75 -0.85
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 -0.66 -0.58 -0.70 -0.65 -0.73 -0.76
Leverage Ratio		 0.00 0.00 0.00 -0.30 -0.20 -0.20 -0.11 -0.17 -0.19
Compound Leverage Factor		 0.00 0.00 0.00 -0.30 -0.20 -0.21 -0.13 -0.17 -0.20
Debt to Total Capital		 0.00% 0.00% 0.00% -197.27% -168.23% -325.64% -271.59% -292.97% -565.32%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% -197.27% -168.23% -325.64% -271.59% -292.97% -565.32%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 297.27% 268.23% 425.64% 371.62% 392.97% 665.32%
Debt to EBITDA		 0.00 0.00 0.00 -0.78 -0.72 -0.90 -1.27 -1.08 -1.35
Net Debt to EBITDA		 0.00 0.00 0.00 -0.77 -0.67 -0.90 -1.23 -1.06 -1.28
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 -1.11 -1.04 -1.28 -1.91 -1.67 -2.00
Net Debt to NOPAT		 0.00 0.00 0.00 -1.10 -0.97 -1.28 -1.85 -1.63 -1.90
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00 -16.97 -14.75 -29.04 -27.11 -17.38
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.01% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.12 0.09 0.05 0.05 0.02 0.07
Quick Ratio		 0.00 0.00 0.00 0.01 0.04 0.00 0.02 0.02 0.04
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 1.91 1.57 2.16 -1.49 -1.92
Operating Cash Flow to CapEx		 30.97% -1,760.04% -10,792.19% -115,591,700.00% -722.47% -80.99% -95.19% -254.22% -19,754.98%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 40.57 47.59 8.88 0.00 -13.80
Operating Cash Flow to Interest Expense		 1.73 -8.01 -16.20 -143.91 -21.39 -11.58 -0.96 0.00 -13.43
Operating Cash Flow Less CapEx to Interest Expense		 -3.86 -8.47 -16.35 -143.91 -24.35 -25.89 -1.97 0.00 -13.50
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.23 0.20
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 2,257,409.82 14,936.51 1,578.05 1,833.29
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1,833.29
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 -1.77 -2.85 -2.33 -3.31 -3.13 -2.28
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 -2.85 -2.33 -3.31 -1.36 0.58
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 19 29 49 54 32
Market Capitalization		 0.00 0.00 0.00 0.00 15 23 42 44 20
Book Value per Share		 $0.00 $0.00 $0.00 ($2.68) ($0.89) ($1.02) ($1.26) ($1.68) ($1.82)
Tangible Book Value per Share		 $0.00 $0.00 $0.00 ($2.72) ($0.90) ($1.03) ($1.27) ($1.69) ($1.83)
Total Capital		 0.00 0.00 0.00 -1.78 -2.52 -1.81 -2.58 -3.24 -2.16
Total Debt		 0.00 0.00 0.00 3.51 4.25 5.91 7.00 9.50 12
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 0.00 0.00 3.48 3.97 5.89 6.76 9.29 12
Capital Expenditures (CapEx)		 0.04 0.00 0.00 0.00 0.14 0.47 0.25 0.13 0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -1.97 -3.00 -2.43 -3.34 -3.68 -3.17
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 -1.94 -2.73 -2.42 -3.11 -3.47 -2.59
Net Working Capital (NWC)		 0.00 0.00 0.00 -5.45 -6.97 -8.33 -10 -13 -15
Net Nonoperating Expense (NNE)		 0.01 0.10 0.91 0.36 0.54 0.20 1.05 1.61 0.51
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 3.52 3.92 5.40 6.27 9.61 12
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -30,186.21%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -24,656.29%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -140,765.90%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $4.96 ($0.40) ($0.26) ($0.58) ($1.16) ($0.48)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 1.98M 7.59M 7.59M 7.59M 7.59M 7.89M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $4.96 ($0.40) ($0.26) ($0.58) ($1.16) ($0.48)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 1.98M 7.59M 7.59M 7.59M 7.59M 7.89M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 7.59M 7.59M 8.19M 0.00 8.19M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.02 -0.22 -2.10 -0.81 -0.94 -0.75 -1.15 -2.85 -1.35
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -12,838.58%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -17,716.46%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 -3.24 -42.91 -404.29 -144.68 -30.49 -27.79 -8.05 0.00 -12.34
NOPAT to Interest Expense		 -2.27 -30.04 -283.00 -101.27 -20.00 -22.69 -4.73 0.00 -9.67
EBIT Less CapEx to Interest Expense		 -8.83 -43.37 -404.44 -144.68 -33.45 -42.10 -9.06 0.00 -12.41
NOPAT Less CapEx to Interest Expense		 -7.86 -30.49 -283.15 -101.27 -22.96 -37.00 -5.74 0.00 -9.73
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Rain Enhancement Technologies Holdco (NASDAQ: RAIN) continues to look like a highly speculative, cash-burning micro-cap with very limited revenue and a balance sheet that remains under pressure. The latest Q1 2026 results show some improvement in cash on hand, but the company is still posting meaningful losses and carrying a large debt burden relative to its asset base.

  • Cash improved sequentially: Cash and equivalents rose to $580.6 thousand in Q1 2026 from $236.7 thousand in Q3 2025 and $16.5 thousand in Q2 2025.
  • Operating cash burn improved versus late 2025: Operating cash outflow was $1.87 million in Q1 2026, better than the $328.7 thousand outflow in Q4 2025 only when viewed with financing support, but still a substantial drain.
  • Debt financing kept liquidity afloat: The company raised $2.25 million of debt in Q1 2026, which helped offset operating losses and keep cash positive.
  • Revenue remains extremely small: Q1 2026 revenue was just $10.5 thousand, so the business is still far from scale.
  • Gross profit was positive but minimal: Gross profit came in at $10.5 thousand, offering little help against overhead costs.
  • Share count has been more stable recently: Weighted average basic shares were 7.9 million in Q1 2026, up from earlier periods, but not showing the kind of explosive dilution seen in some micro-caps.
  • Losses remain large relative to size: Q1 2026 net loss was $1.86 million, or $(0.48) per share.
  • Operating expenses dwarf revenue: SG&A was $1.88 million versus only $10.5 thousand in sales, showing the company is nowhere near break-even.
  • Debt remains a major risk: Short-term debt stood at $12.19 million in Q1 2026, far above total assets of $2.63 million.
  • Book equity is deeply negative: Total common equity was negative $14.35 million, reflecting accumulated losses and a weak capital structure.

Trend summary: Over the last several quarters, Rain’s core pattern has been consistent: very little revenue, recurring operating losses, and repeated reliance on debt or financing to stay liquid. Cash balances have improved recently, but that improvement appears to be driven more by borrowing than by business fundamentals.

Bottom line for investors: RAIN remains a high-risk turnaround story. The company has enough cash to operate for now, but the combination of tiny revenue, persistent losses, and heavy short-term debt makes the investment case highly uncertain.

07/23/26 01:01 AM ETAI Generated. May Contain Errors.

Rain Enhancement Technologies Holdco Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rain Enhancement Technologies Holdco's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Rain Enhancement Technologies Holdco's net income appears to be on an upward trend, with a most recent value of -$9.09 million in 2025, rising from -$437.01 thousand in 2023. The previous period was -$4.53 million in 2024. See Rain Enhancement Technologies Holdco's forecast for analyst expectations on what's next for the company.

Rain Enhancement Technologies Holdco's total operating income in 2025 was -$8.13 million, based on the following breakdown:
  • Total Gross Profit: -$402.42 thousand
  • Total Operating Expenses: $7.73 million

Over the last 2 years, Rain Enhancement Technologies Holdco's total revenue changed from $0.00 in 2023 to $0.00 in 2025, a change of 0.0%.

Rain Enhancement Technologies Holdco's total liabilities were at $14.54 million at the end of 2025, a 121.4% increase from 2024, and a 1,159.2% increase since 2023.

In the past 2 years, Rain Enhancement Technologies Holdco's cash and equivalents has ranged from $32.60 thousand in 2024 to $213.69 thousand in 2025, and is currently $213.69 thousand as of their latest financial filing in 2025.

Over the last 2 years, Rain Enhancement Technologies Holdco's book value per share changed from -0.69 in 2023 to -1.68 in 2025, a change of 142.8%.


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Financial statements for NASDAQ:RAIN last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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