NEW YORK, May 26, 2026, 17:03 EDT
- Richtech Robotics changed hands at $3.17, jumping 49.5 cents, with volume topping 39 million shares.
- U.S. stocks jumped after being closed for Memorial Day on Monday. The Nasdaq closed at a record high.
- The most recent SEC filing from the company is a notice on May 15 saying its 10-Q for the March quarter will come in late.
Shares of Richtech Robotics Inc. surged Tuesday. The stock, which trades on the Nasdaq, was last at $3.17, up 49.5 cents. It had earlier hit $3.275 in active volume. Over 39 million shares traded, putting the company’s market cap near $627 million.
The timing is key as it happened after Memorial Day, with trading restarting on the Nasdaq after the holiday break. Nasdaq’s 2026 holiday calendar lists U.S. markets shut on Monday, May 25, for Memorial Day.
The stock jumped on a busy day for tech and AI shares. The S&P 500 and Nasdaq both finished at all-time highs Tuesday, with the Nasdaq climbing 1.19%. Reuters pointed to AI enthusiasm helping to balance out concerns about the Middle East. “The tech rally was reminiscent of the boom” of the late ’90s, Chris Zaccarelli at Northlight Asset Management said to Reuters. Reuters
Richtech’s investor-relations page listed the stock closing at $2.68 on Friday, May 22, with 11.1 million shares traded. Volume on Tuesday topped three times that, marking a clear spike in trading. The number doesn’t explain what drove buyers or sellers.
Richtech’s last update to its investor-relations page was a May 7 note about running a live demo of its ADAM robot for noodle-making at the National Restaurant Association Show in Chicago. The previous day, the company said it had signed a non-binding letter of intent with SoundHound AI Inc. to put SoundHound’s voice AI in its robots.
Richtech CEO Wayne Huang said in a May 6 release that the planned partnership was designed to take robots further than just doing tasks. He said the goal was for automation to “feel humanized.” SoundHound Chief Product Officer James Hom called it a spot “where high-tech meets high-touch.” Richtech Robotics
SoundHound traded at $8.13, off 2 cents, while Serve Robotics Inc. was quoted at $8.97, up 26.5 cents. Richtech’s swing was much bigger than either one, which could mean the action was more about the company itself or traders speculating, not just the sector moving.
Richtech calls itself a robotics and AI company working on embodied AI—AI that runs real-world machines. In its annual filing, the company says it uses proprietary AI trained on its own data for advanced robots.
Richtech Robotics has been steering investors to its Robotics-as-a-Service (RaaS) model, where clients sign long-term deals to use its robots instead of buying them. CEO Huang said in a February shareholder letter that RaaS revenue hit $0.3 million for the December quarter, a 31% jump from a year earlier. The company had $328.8 million in liquidity as of Dec. 31, 2025.
Tuesday’s rally could be outpacing the numbers. A May 15 SEC filing showed Richtech missed the deadline to file its Form 10-Q for the quarter ended March 31, 2026, saying the accounting staff needed extra time to finish the financials.
Revenue came in at $1.15 million for the quarter ended Dec. 31, 2025, according to the company’s last quarterly filing. That compares with a net loss of $8.4 million. Gross profit slipped to $600,000, down from $1.13 million in the previous year. Investors are watching the scale problem.
The stock could snap back if the March-quarter report, pushed back, comes in light on new revenue from demos and partnerships, or if the SoundHound deal doesn’t go from a non-binding letter to a real contract. In its SoundHound update, the company cautioned that actual results may vary, pointing to risks in making a final agreement and in getting the proposed partnership’s value.
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