LAS VEGAS, May 14, 2026, 03:05 PDT
- Richtech Robotics jumped 9.7% Wednesday, with 28.8 million shares changing hands.
- Just days out from its scheduled live food-service robot demos at the National Restaurant Association Show in Chicago, the company is making the move.
- Revenue slipped in the latest quarter, and the company is still operating at a loss, with its overall size staying modest.
Richtech Robotics Inc. shot up 9.7% Wednesday. The Las Vegas-based service-robotics player is set to unveil its food and beverage automation systems at a key restaurant trade show just days away.
On May 13, the stock settled at $2.82, jumping from $2.57 the previous session after peaking intraday at $3.04. Trading volume reached 28.8 million shares, data from the company’s LSEG-linked historical price page showed.
Timing is key here. Richtech wants to prove its robots aren’t just for flash—they’re set up to prep food, handle orders, and move things around in ways that could fit right into a restaurant’s daily workflow.
Richtech announced that its humanoid service robot, ADAM, is set to prepare noodles at the National Restaurant Association Show in Chicago, running May 16-19. Meanwhile, Matradee Plus will handle food transport out of the demo area. The company emphasized that the setup highlights how prep and delivery can operate in tandem, rather than as stand-alone functions.
Richtech’s got something else in the works: a demo with SoundHound AI, teaming up the Scorpion beverage robot and SoundHound’s voice assistant. The two companies have only signed a non-binding letter of intent so far—it’s not an official commercial deal. According to Richtech, the demonstration will show off spoken ordering with robots handling the drinks.
Richtech CEO Wayne Huang said in the May 7 release the company set out to deliver a “unique, immersive robotics experience” for the event. In another statement, Huang described the SoundHound collaboration as targeting robots that “actually engage.” SoundHound Chief Product Officer James Hom added that both sides are looking to “close the loop between a spoken order and physical fulfillment.” Richtech Robotics
The rally casts Richtech’s finances in a different light. During the quarter ending Dec. 31, 2025, revenue slipped 8.8% to $1.147 million. Net loss attributable to common stockholders stretched to $8.402 million. Management attributed the revenue dip to a deliberate pullback in one-off product sales, shifting focus instead to building out recurring revenue streams—leasing, services, and Robotics-as-a-Service (RaaS), which involves long-term contracts for operating robot fleets.
This shift sits at the heart of what investors want to know. Richtech argues its RaaS model brings steadier sales, though it stretches revenue recognition across longer periods and commits the company to ongoing robot deployment, upkeep, and support.
Leasing, service, and rental revenue at Richtech jumped to $405,000, up from $133,000 a year ago, according to the company’s latest quarterly report. RaaS brought in $319,000, an increase from last year’s $243,000. Product sales, though, slid to $357,000 from $538,000.
Richtech’s balance sheet shows a buffer. As of Dec. 31, 2025, the company reported $271.8 million in cash and cash equivalents—up sharply from $19.8 million a year before. That jump came as Richtech brought in cash through share sales and warrants. The quarter saw $69.1 million raised via an at-the-market stock offering and another $9.2 million from warrant exercises.
Dilution’s still the thorn here. Richtech put more Class B shares on the table this quarter, and the company’s 2025 fiscal-year numbers lay it bare: a net loss of $15.754 million against just $5.045 million in revenue.
Competition is already present in restaurant automation. Bear Robotics, a private player in food-service robotics, is on the exhibitor list for the Chicago show as well. Their lineup spans robotic solutions, ordering systems, and floor-cleaning gear.
Here’s the catch: trade-show buzz doesn’t pay the bills—buyers still need to ink contracts, roll out the robots, and actually stick with them. Non-binding deals can fall apart, recurring revenue might lag, and a small-cap name that pops on demo headlines can just as easily slip if orders stall.
