RAINW
RAINW
Rain Enhancement Technologies Holdco, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $1.59M ▲ | $-2.2M ▼ | 0% | $-0.29 ▼ | $-1.95M ▼ |
| Q2-2025 | $0 | $1.07M ▼ | $-952.77K ▲ | 0% | $-0.13 ▲ | $-916.76K ▲ |
| Q1-2025 | $0 | $1.34M ▲ | $-1.48M ▼ | 0% | $-0.21 ▼ | $-1.43M ▼ |
| Q4-2024 | $0 | $1.16M ▼ | $-1.17M ▲ | 0% | $-0.16 ▲ | $-1.16M ▲ |
| Q3-2024 | $0 | $3M | $-3.01M | 0% | $-0.44 | $-3M |
What's going well?
The company increased its spending on research and development, which could mean it's investing in future products. Share count is stable, so existing shareholders aren't being diluted.
What's concerning?
There is still no revenue, costs are climbing, and losses have more than doubled in just one quarter. Interest expenses are also surging, putting even more pressure on the bottom line.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $236.74K ▲ | $1.94M ▲ | $11.52M ▲ | $-9.58M ▼ |
| Q2-2025 | $16.47K ▼ | $1.55M ▲ | $9.28M ▲ | $-7.72M ▼ |
| Q1-2025 | $273.13K ▲ | $1.32M ▲ | $8.1M ▲ | $-6.77M ▼ |
| Q4-2024 | $32.6K ▼ | $1.28M ▲ | $6.57M ▲ | $-5.29M ▼ |
| Q3-2024 | $239.86K | $759.77K | $1.57M | $-808.14K |
What's financially strong about this company?
They managed to pay off all formal debt this quarter and increased their cash balance. There are no hidden or off-balance-sheet risks apparent.
What are the financial risks or weaknesses?
The company owes far more than it owns, has negative equity, and almost no cash to cover its bills. Liabilities are rising, and there are no tangible assets or profits to fall back on.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-2.2M ▼ | $-233.96K ▲ | $-245.78K ▲ | $700K ▲ | $220.26K ▲ | $-479.74K ▲ |
| Q2-2025 | $-952.77K ▲ | $-383.33K ▲ | $-473.32K ▼ | $600K ▼ | $-256.65K ▼ | $-856.65K ▲ |
| Q1-2025 | $-1.48M ▼ | $-1.01M ▲ | $-139.39K ▼ | $1.39M ▲ | $240.52K ▲ | $-1.15M ▲ |
| Q4-2024 | $-1.17M ▼ | $-1.16M ▼ | $-1 ▲ | $948.66K ▲ | $-207.25K ▼ | $-1.16M ▼ |
| Q2-2024 | $-324.79K | $-59.24K | $-3.37K | $415K | $352.39K | $-62.61K |
What's strong about this company's cash flow?
Cash burn is shrinking compared to last quarter, and working capital changes gave a temporary cash boost. The company is spending less on investments, which helps slow the cash drain.
What are the cash flow concerns?
The business is not generating cash from operations, is highly dependent on new debt, and has very little cash left. Without more outside funding, the company would run out of cash quickly.
Q2 2023 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Rain Enhancement Technologies Holdco, Inc.'s financial evolution and strategic trajectory over the past five years.
RAINW combines a novel, environmentally oriented technology with a large and growing global problem—water scarcity and climate‑driven stress on precipitation patterns. It has multi‑year scientific evidence from a reputable third party, early pilots in several countries and weather regimes, and a service‑based model designed to generate recurring revenue once scaled. Historically, the company has also shown the ability to raise sizable amounts of external funding, which is critical for capital‑intensive, infrastructure‑like projects.
The financial profile is currently fragile: no revenue, persistent and sometimes very large losses, a heavily weakened balance sheet with negative equity, thin cash, rising short‑term liabilities, and continued negative free cash flow. This creates material funding and solvency risk. On top of that, the business faces technology and execution risks—results must be replicated across new regions and conditions, regulatory acceptance is not guaranteed, and customers may be slow to adopt a relatively new approach. Any delays in commercialization or setbacks in field results could be difficult to absorb given the limited financial cushion.
Looking ahead, RAINW’s trajectory appears highly uncertain and dependent on a few pivotal developments. If the company can secure and successfully execute commercial contracts for rainfall, snow, and fog services, and if those projects deliver measurable, repeatable benefits, the financial picture could change significantly as recurring revenue begins to offset fixed costs and fund renewed R&D. Without that shift, the current pattern of cash burn, rising obligations, and balance‑sheet strain will likely persist. The key elements to watch are contract wins, regulatory milestones, demonstrated performance in new deployments, and any moves to strengthen the capital structure.
About Rain Enhancement Technologies Holdco, Inc.
https://rainwatertech.comRain Enhancement Technologies Holdco, Inc. develops, manufactures, and commercializes ionization rainfall generation technology. The company is based in Naples, Florida. Rain Enhancement Technologies Holdco, Inc. operates as a subsidiary of Rainwater, LLC.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $1.59M ▲ | $-2.2M ▼ | 0% | $-0.29 ▼ | $-1.95M ▼ |
| Q2-2025 | $0 | $1.07M ▼ | $-952.77K ▲ | 0% | $-0.13 ▲ | $-916.76K ▲ |
| Q1-2025 | $0 | $1.34M ▲ | $-1.48M ▼ | 0% | $-0.21 ▼ | $-1.43M ▼ |
| Q4-2024 | $0 | $1.16M ▼ | $-1.17M ▲ | 0% | $-0.16 ▲ | $-1.16M ▲ |
| Q3-2024 | $0 | $3M | $-3.01M | 0% | $-0.44 | $-3M |
What's going well?
The company increased its spending on research and development, which could mean it's investing in future products. Share count is stable, so existing shareholders aren't being diluted.
What's concerning?
There is still no revenue, costs are climbing, and losses have more than doubled in just one quarter. Interest expenses are also surging, putting even more pressure on the bottom line.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $236.74K ▲ | $1.94M ▲ | $11.52M ▲ | $-9.58M ▼ |
| Q2-2025 | $16.47K ▼ | $1.55M ▲ | $9.28M ▲ | $-7.72M ▼ |
| Q1-2025 | $273.13K ▲ | $1.32M ▲ | $8.1M ▲ | $-6.77M ▼ |
| Q4-2024 | $32.6K ▼ | $1.28M ▲ | $6.57M ▲ | $-5.29M ▼ |
| Q3-2024 | $239.86K | $759.77K | $1.57M | $-808.14K |
What's financially strong about this company?
They managed to pay off all formal debt this quarter and increased their cash balance. There are no hidden or off-balance-sheet risks apparent.
What are the financial risks or weaknesses?
The company owes far more than it owns, has negative equity, and almost no cash to cover its bills. Liabilities are rising, and there are no tangible assets or profits to fall back on.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-2.2M ▼ | $-233.96K ▲ | $-245.78K ▲ | $700K ▲ | $220.26K ▲ | $-479.74K ▲ |
| Q2-2025 | $-952.77K ▲ | $-383.33K ▲ | $-473.32K ▼ | $600K ▼ | $-256.65K ▼ | $-856.65K ▲ |
| Q1-2025 | $-1.48M ▼ | $-1.01M ▲ | $-139.39K ▼ | $1.39M ▲ | $240.52K ▲ | $-1.15M ▲ |
| Q4-2024 | $-1.17M ▼ | $-1.16M ▼ | $-1 ▲ | $948.66K ▲ | $-207.25K ▼ | $-1.16M ▼ |
| Q2-2024 | $-324.79K | $-59.24K | $-3.37K | $415K | $352.39K | $-62.61K |
What's strong about this company's cash flow?
Cash burn is shrinking compared to last quarter, and working capital changes gave a temporary cash boost. The company is spending less on investments, which helps slow the cash drain.
What are the cash flow concerns?
The business is not generating cash from operations, is highly dependent on new debt, and has very little cash left. Without more outside funding, the company would run out of cash quickly.
Q2 2023 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Rain Enhancement Technologies Holdco, Inc.'s financial evolution and strategic trajectory over the past five years.
RAINW combines a novel, environmentally oriented technology with a large and growing global problem—water scarcity and climate‑driven stress on precipitation patterns. It has multi‑year scientific evidence from a reputable third party, early pilots in several countries and weather regimes, and a service‑based model designed to generate recurring revenue once scaled. Historically, the company has also shown the ability to raise sizable amounts of external funding, which is critical for capital‑intensive, infrastructure‑like projects.
The financial profile is currently fragile: no revenue, persistent and sometimes very large losses, a heavily weakened balance sheet with negative equity, thin cash, rising short‑term liabilities, and continued negative free cash flow. This creates material funding and solvency risk. On top of that, the business faces technology and execution risks—results must be replicated across new regions and conditions, regulatory acceptance is not guaranteed, and customers may be slow to adopt a relatively new approach. Any delays in commercialization or setbacks in field results could be difficult to absorb given the limited financial cushion.
Looking ahead, RAINW’s trajectory appears highly uncertain and dependent on a few pivotal developments. If the company can secure and successfully execute commercial contracts for rainfall, snow, and fog services, and if those projects deliver measurable, repeatable benefits, the financial picture could change significantly as recurring revenue begins to offset fixed costs and fund renewed R&D. Without that shift, the current pattern of cash burn, rising obligations, and balance‑sheet strain will likely persist. The key elements to watch are contract wins, regulatory milestones, demonstrated performance in new deployments, and any moves to strengthen the capital structure.

CEO
Randall Seidl

