RITR
RITR
Reitar Logtech Holdings Limited Ordinary sharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $11.82M ▼ | $1.65M ▼ | $-1.06M ▲ | -8.98% ▼ | $-0.02 | $-1.14M ▲ |
| Q3-2025 | $11.84M ▼ | $1.65M ▼ | $-1.06M ▼ | -8.98% ▼ | $-0.02 ▼ | $-1.14M ▼ |
| Q2-2025 | $24.87M ▲ | $2.83M ▲ | $3.12M ▲ | 12.56% ▲ | $0.05 ▲ | $4.18M ▲ |
| Q1-2025 | $12.44M ▼ | $1.58M ▼ | $1.56M ▼ | 12.56% ▲ | $0.03 ▼ | $1.93M ▼ |
| Q4-2024 | $22.81M | $2.51M | $2.04M | 8.93% | $0.03 | $2.44M |
What's going well?
Revenue is steady and costs are being kept in check, with no signs of worsening losses. The company is not diluting shareholders and overhead remains lean.
What's concerning?
The company continues to lose money every quarter, with very thin margins and no sign of improvement. Rising interest costs could make losses worse if not addressed.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $20.4M | $333.82M | $176.43M | $163.05M |
| Q3-2025 | $20.4M ▼ | $333.82M ▼ | $176.43M ▼ | $163.05M ▼ |
| Q2-2025 | $30.48M | $368.38M | $187.85M | $180.89M |
| Q1-2025 | $30.48M ▲ | $368.38M ▲ | $187.85M ▲ | $180.89M ▲ |
| Q4-2024 | $6.39M | $242.82M | $144.77M | $98.29M |
What's financially strong about this company?
The company has a healthy equity cushion, most assets are liquid, and customers are prepaying for services. No long-term debt and few hidden obligations make the structure simple.
What are the financial risks or weaknesses?
Cash is low compared to short-term debt, and receivables have spiked, which could signal slower customer payments. All debt is due soon, so refinancing or cash inflows are critical.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-1.06M ▲ | $-1.08M ▼ | $-901.22K ▼ | $1.52M ▲ | $-482.78K ▼ | $-774.27K ▲ |
| Q3-2025 | $-1.06M ▼ | $-525.01K ▲ | $-450.78K ▼ | $739.16K ▼ | $0 ▼ | $-775.71K ▲ |
| Q2-2025 | $3.12M ▲ | $-6.94M ▼ | $-223.81K ▼ | $10.3M ▲ | $3.17M ▲ | $-6.94M ▼ |
| Q1-2025 | $1.56M ▼ | $-3.47M ▼ | $-111.9K ▲ | $5.15M ▲ | $0 ▼ | $-3.47M ▼ |
| Q4-2024 | $2.04M | $561.41K | $-143.23K | $-118.46K | $307.02K | $503.41K |
What's strong about this company's cash flow?
Working capital changes gave a temporary boost to cash flow, and the company still has over $5.8 million in cash. Cash burn improved slightly compared to last quarter.
What are the cash flow concerns?
Core operations are losing over half a million dollars per quarter, and the company now depends on borrowing and issuing stock to survive. The cash balance is shrinking and could run out within a year if losses continue.
5-Year Trend Analysis
A comprehensive look at Reitar Logtech Holdings Limited Ordinary shares's financial evolution and strategic trajectory over the past five years.
RITR’s main strengths are its explosive revenue growth, improving profitability metrics, and the emergence of a clear strategic identity as a technology-enabled logistics property specialist. The balance sheet reflects growing assets and equity, supported by rising retained earnings and investor capital. On the strategic side, the integrated property-plus-technology model, high-profile smart logistics projects, and an active innovation agenda in automation, AI, and digital supply chains position the company on the right side of long-term logistics and e-commerce trends.
Key risks center on cash flow, leverage, and execution. Operating and free cash flow have turned deeply negative despite higher reported profits, indicating working capital strain and weaker cash conversion. Debt has risen quickly, particularly short-term borrowings, which heightens financial risk and dependence on funding markets. Operationally, rapid scale-up, complex tech projects, international expansion, and acquisitions all increase the chance of missteps. There is also strategic risk tied to ambitious moves such as large crypto treasury plans and advanced robotics, which may add volatility if not carefully managed.
The outlook combines strong potential with elevated uncertainty. If RITR can consolidate its recent revenue gains, stabilize margins, and, most importantly, restore positive cash generation while continuing to roll out successful smart logistics projects, it could emerge as a leading player in a growing niche. Conversely, if cash burn persists, leverage keeps rising, or major projects underperform, the current growth could prove difficult to sustain. Monitoring working capital discipline, debt reliance, the real-world performance of its technology solutions, and the pace of expansion will be critical to understanding how the story evolves over the next few years.
About Reitar Logtech Holdings Limited Ordinary shares
https://www.reitar.ioReitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $11.82M ▼ | $1.65M ▼ | $-1.06M ▲ | -8.98% ▼ | $-0.02 | $-1.14M ▲ |
| Q3-2025 | $11.84M ▼ | $1.65M ▼ | $-1.06M ▼ | -8.98% ▼ | $-0.02 ▼ | $-1.14M ▼ |
| Q2-2025 | $24.87M ▲ | $2.83M ▲ | $3.12M ▲ | 12.56% ▲ | $0.05 ▲ | $4.18M ▲ |
| Q1-2025 | $12.44M ▼ | $1.58M ▼ | $1.56M ▼ | 12.56% ▲ | $0.03 ▼ | $1.93M ▼ |
| Q4-2024 | $22.81M | $2.51M | $2.04M | 8.93% | $0.03 | $2.44M |
What's going well?
Revenue is steady and costs are being kept in check, with no signs of worsening losses. The company is not diluting shareholders and overhead remains lean.
What's concerning?
The company continues to lose money every quarter, with very thin margins and no sign of improvement. Rising interest costs could make losses worse if not addressed.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $20.4M | $333.82M | $176.43M | $163.05M |
| Q3-2025 | $20.4M ▼ | $333.82M ▼ | $176.43M ▼ | $163.05M ▼ |
| Q2-2025 | $30.48M | $368.38M | $187.85M | $180.89M |
| Q1-2025 | $30.48M ▲ | $368.38M ▲ | $187.85M ▲ | $180.89M ▲ |
| Q4-2024 | $6.39M | $242.82M | $144.77M | $98.29M |
What's financially strong about this company?
The company has a healthy equity cushion, most assets are liquid, and customers are prepaying for services. No long-term debt and few hidden obligations make the structure simple.
What are the financial risks or weaknesses?
Cash is low compared to short-term debt, and receivables have spiked, which could signal slower customer payments. All debt is due soon, so refinancing or cash inflows are critical.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-1.06M ▲ | $-1.08M ▼ | $-901.22K ▼ | $1.52M ▲ | $-482.78K ▼ | $-774.27K ▲ |
| Q3-2025 | $-1.06M ▼ | $-525.01K ▲ | $-450.78K ▼ | $739.16K ▼ | $0 ▼ | $-775.71K ▲ |
| Q2-2025 | $3.12M ▲ | $-6.94M ▼ | $-223.81K ▼ | $10.3M ▲ | $3.17M ▲ | $-6.94M ▼ |
| Q1-2025 | $1.56M ▼ | $-3.47M ▼ | $-111.9K ▲ | $5.15M ▲ | $0 ▼ | $-3.47M ▼ |
| Q4-2024 | $2.04M | $561.41K | $-143.23K | $-118.46K | $307.02K | $503.41K |
What's strong about this company's cash flow?
Working capital changes gave a temporary boost to cash flow, and the company still has over $5.8 million in cash. Cash burn improved slightly compared to last quarter.
What are the cash flow concerns?
Core operations are losing over half a million dollars per quarter, and the company now depends on borrowing and issuing stock to survive. The cash balance is shrinking and could run out within a year if losses continue.
5-Year Trend Analysis
A comprehensive look at Reitar Logtech Holdings Limited Ordinary shares's financial evolution and strategic trajectory over the past five years.
RITR’s main strengths are its explosive revenue growth, improving profitability metrics, and the emergence of a clear strategic identity as a technology-enabled logistics property specialist. The balance sheet reflects growing assets and equity, supported by rising retained earnings and investor capital. On the strategic side, the integrated property-plus-technology model, high-profile smart logistics projects, and an active innovation agenda in automation, AI, and digital supply chains position the company on the right side of long-term logistics and e-commerce trends.
Key risks center on cash flow, leverage, and execution. Operating and free cash flow have turned deeply negative despite higher reported profits, indicating working capital strain and weaker cash conversion. Debt has risen quickly, particularly short-term borrowings, which heightens financial risk and dependence on funding markets. Operationally, rapid scale-up, complex tech projects, international expansion, and acquisitions all increase the chance of missteps. There is also strategic risk tied to ambitious moves such as large crypto treasury plans and advanced robotics, which may add volatility if not carefully managed.
The outlook combines strong potential with elevated uncertainty. If RITR can consolidate its recent revenue gains, stabilize margins, and, most importantly, restore positive cash generation while continuing to roll out successful smart logistics projects, it could emerge as a leading player in a growing niche. Conversely, if cash burn persists, leverage keeps rising, or major projects underperform, the current growth could prove difficult to sustain. Monitoring working capital discipline, debt reliance, the real-world performance of its technology solutions, and the pace of expansion will be critical to understanding how the story evolves over the next few years.

CEO
Kin Chung Chan
Compensation Summary
(Year )
Ratings Snapshot
Rating : B

