RKTO - Hoth Therapeutics,... Stock Analysis | Stock Taper
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Hoth Therapeutics, Inc.

RKTO

Hoth Therapeutics, Inc. NASDAQ Global Market
$1.46 -14.12% (-0.24)

Market Cap $27.93 M
52w High $2.20
52w Low $1.16
P/E -1.62
Volume 23.92M
Outstanding Shares 19.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $0 $2.65M $-2.69M 0% $-0.17 $-2.65M
Q4-2025 $0 $2.61M $-2.69M 0% $-0.17 $-2.61M
Q3-2025 $0 $4.08M $-4.11M 0% $-0.3 $-4.11M
Q2-2025 $0 $2.2M $-2.2M 0% $-0.17 $-2.2M
Q1-2025 $0 $3.48M $-3.48M 0% $-0.36 $0

What's going well?

General and administrative costs are down, showing some cost control. The company is investing heavily in R&D, which could pay off if it leads to future products or breakthroughs.

What's concerning?

RKTO has no revenue, rising losses, and growing R&D spending with no sign of sales. The business is burning cash and diluting shareholders, with no clear path to profitability.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $4.05M $5.59M $1.43M $4.16M
Q4-2025 $6.25M $7.6M $1.45M $6.15M
Q3-2025 $7.85M $9.24M $1.01M $8.23M
Q2-2025 $9.01M $10.11M $364.63K $9.74M
Q1-2025 $11.32M $12.36M $815.3K $11.54M

What's financially strong about this company?

The company has no debt and most of its assets are in cash, making it very flexible and able to cover its bills easily. There are no risky assets like goodwill or inventory, so the balance sheet is simple and high quality.

What are the financial risks or weaknesses?

Cash and equity both dropped sharply this quarter, which could be a warning sign if it continues. The company has a long history of losses, as shown by large negative retained earnings, and is issuing new shares.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.69M $-3.05M $147.2K $701.48K $-2.2M $-3.05M
Q4-2025 $-2.69M $-2.15M $0 $550.14K $-1.6M $-2.15M
Q3-2025 $-4.11M $-2.49M $-300K $1.63M $-1.17M $-2.49M
Q2-2025 $-2.2M $-2.37M $0 $66.1K $-2.3M $-2.37M
Q1-2025 $-3.48M $-2.79M $0 $7.07M $4.28M $-2.79M

What's strong about this company's cash flow?

Capital spending is almost zero, so losses aren't from big investments. The company can still raise money through stock sales for now.

What are the cash flow concerns?

Cash burn is rising, working capital is draining cash, and the company is highly dependent on selling new shares. Cash could run out in a quarter or two without more funding.

5-Year Trend Analysis

A comprehensive look at Hoth Therapeutics, Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

RKTO has a solid cash cushion relative to its near‑term obligations, very low debt, and a broad, innovative pipeline targeting serious unmet medical needs. Its focus on niche indications, orphan opportunities, and quality‑of‑life improvements, combined with the OpenClaw AI platform and Rocket One’s advanced computing IP, provides multiple potential paths to create value.

! Risks

The company is deeply loss‑making, has no revenue, and burns significant cash in operations, leading to dependence on external financing. Clinical, regulatory, and scientific risks are high across the pipeline, and the ambitious expansion into AI and semiconductor technology adds complexity and execution risk. Large negative retained earnings highlight a long history of unprofitability, and any setbacks in trials or capital markets could materially constrain the runway.

Outlook

RKTO’s future hinges on successful clinical milestones, regulatory progress, and its ability to convert AI and computing investments into tangible benefits or monetizable platforms. In the near term, financial results are likely to remain weak while the company remains in development mode. Over the longer term, outcomes could be highly asymmetric: strong if key programs or technologies succeed, but challenging if data disappoint, timelines slip, or funding becomes harder to secure.