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RITR

Reitar Logtech Holdings Limited Ordinary shares

RITR

Reitar Logtech Holdings Limited Ordinary shares • NASDAQ
$1.04 ▼ -7.52% (-0.09)
Market Cap $65.18 M
52w High $8.37
52w Low $0.83
Dividend Yield 0%
P/E 52.25
Volume 208.53K
Outstanding Shares 62.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $11.82M ▼ $1.647M ▼ $-1.061M ▲ -8.979% ▼ $-0.017 $-1.141M ▲
Q3-2025 $11.842M ▼ $1.65M ▼ $-1.063M ▼ -8.979% ▼ $-0.017 ▼ $-1.143M ▼
Q2-2025 $24.873M ▲ $2.833M ▲ $3.123M ▲ 12.556% ▲ $0.05 ▲ $4.184M ▲
Q1-2025 $12.436M ▼ $1.579M ▼ $1.561M ▼ 12.556% ▲ $0.026 ▼ $1.933M ▼
Q4-2024 $22.81M $2.509M $2.037M 8.93% $0.034 $2.443M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $20.396M $333.819M $176.435M $163.047M
Q3-2025 $20.396M ▼ $333.819M ▼ $176.435M ▼ $163.047M ▼
Q2-2025 $30.477M $368.377M $187.852M $180.885M
Q1-2025 $30.477M ▲ $368.377M ▲ $187.852M ▲ $180.885M ▲
Q4-2024 $6.391M $242.824M $144.765M $98.293M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $-1.061M ▲ $-1.076M ▼ $-901.217K ▼ $1.518M ▲ $-482.781K ▼ $-774.273K ▲
Q3-2025 $-1.063M ▼ $-525.011K ▲ $-450.778K ▼ $739.161K ▼ $0 ▼ $-775.712K ▲
Q2-2025 $3.123M ▲ $-6.941M ▼ $-223.806K ▼ $10.296M ▲ $3.171M ▲ $-6.944M ▼
Q1-2025 $1.561M ▼ $-3.47M ▼ $-111.896K ▲ $5.148M ▲ $0 ▼ $-3.472M ▼
Q4-2024 $2.037M $561.413K $-143.233K $-118.462K $307.023K $503.41K

Five-Year Company Overview

Income Statement

Income Statement Reitar’s income statement shows a very small business that is still in the early stages of scaling. Revenue has bounced around over the past few years and only recently jumped to a more meaningful level. Profitability looks fragile: gross profit, operating profit, and net profit are all thin and only clearly positive in the most recent year. That suggests results are still highly dependent on a few projects or contracts. Overall, the trend is toward growth, but the earnings base is narrow and not yet well-proven, so results could swing sharply from year to year.

Balance Sheet

Balance Sheet The balance sheet has expanded, with total assets and shareholders’ equity increasing from a very low base. This indicates the company is building up its operations and project portfolio. Debt has also risen, which means growth is being partly funded with borrowing. Cash balances look modest relative to total assets, implying only a limited liquidity cushion. In simple terms, the company is bigger than it was a few years ago but carries more financial risk and relies on careful cash and debt management to stay flexible.

Cash Flow

Cash Flow Cash flow is a weak spot. Even though the company has recently reported profits, cash generated from day‑to‑day operations has been negative in the last couple of years. Free cash flow is also negative, even with almost no spending on physical assets, which points to working capital swings or project timing issues. This gap between accounting profit and actual cash coming in the door raises questions about earnings quality and suggests the business may need ongoing external funding or new project advances to support its growth plans.

Competitive Edge

Competitive Edge Reitar is trying to carve out a niche as a one‑stop, tech‑enabled logistics and property solutions provider, particularly in Hong Kong. Its integrated “property plus logistics technology” model and involvement in smart logistics projects give it a differentiated story versus traditional engineering and construction peers. Partnerships in the Middle East and mainland China further support its ambition to become a specialized player in high‑tech logistics infrastructure. However, the company remains small and faces competition from larger developers, logistics operators, and technology vendors at every stage of the value chain. Its competitive moat is promising in concept but still unproven, and the business is vulnerable to project delays, client concentration, and changing investor sentiment around its elevated valuation and complex corporate structure.

Innovation and R&D

Innovation and R&D Innovation is the core of Reitar’s strategy. The company is pushing into blockchain‑based, tokenized supply chains, artificial intelligence–driven logistics solutions, robotics (including humanoid robots for warehouse tasks), and fully automated logistics centers. These efforts, if successfully executed and adopted, could make Reitar a distinctive provider of smart logistics infrastructure rather than just another contractor. At the same time, most of these initiatives are early stage and experimental, with uncertain commercialization timelines and payoffs. The company is clearly long on ideas and partnerships, but it still needs to demonstrate that these technologies can be rolled out at scale, integrated smoothly into customer operations, and translated into stable, recurring profits.

Summary

Reitar Logtech is an early‑stage, innovation‑driven logistics and engineering company that is trying to blend property development with cutting‑edge logistics technology. Financially, it has moved from a very small base to somewhat higher revenue and modest profits, but cash flows remain weak and the business is not yet financially robust. The balance sheet has grown, supported by more debt, and the company operates with a thin cash buffer, which heightens execution and funding risk. Strategically, Reitar’s focus on smart logistics, tokenized supply chains, and robotics offers clear upside potential and sets it apart from more traditional peers, especially in Hong Kong and select overseas markets. The trade‑off is high uncertainty: its competitive position, business model, and valuation are all contingent on turning ambitious innovation into consistent, cash‑generating operations over the coming years.

NEWS

October 10, 2025 · 7:30 AM UTC

Reitar Logtech Teams Up with Xianmu Technology, a Leading Force in China Serving 300,000+ Casual Catering Businesses, to Launch Tokenized Smart Supply Chain Ecosystem and Transform Global Food Supply Chain

Read more

September 22, 2025 · 7:00 AM UTC

Reitar Logtech Partners with NEXX to Launch Global Strategic Cooperation

Read more