Redcloud Holdings: growth has slowed
Redcloud Holdings plc shares closed at $0.03, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.
FundamentalyticsRead our research ↗
Redcloud Holdings plc is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Fair value per share
Under review: every model's value for Redcloud Holdings plc is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Price vs value
Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.
Redcloud Holdings plc valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders2 buying, 0 selling3 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
- Funds6 adding, 5 cuttingOf 1 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Redcloud Holdings plc's trailing-twelve-month revenue grew 4.3% year on year, with a free-cash-flow margin of -76.6%. Where it stands out: days sales outstanding of 21 days ranks 6 of 27 trading companies & distributors companies we cover. Where it lags: operating margin of -89.9% ranks 28 of 28 trading companies & distributors companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to 4.3% (-130.5pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Redcloud Holdings plc's latest figures clears our strength thresholds.
Things to watch
- Growth slowing. The growth rate is 130.5 points lower than a quarter earlier.
- Loss-making. Operating margin is -89.9%: costs exceed revenue.
- Margins narrowing. Operating margin is down 6.8 points on a year ago.
- Burning cash. Free cash flow was -76.6% of revenue over the last 12 months.
- Heavy stock-based pay. Stock pay equals 16.1% of revenue, against a median of 0.5% for trading companies & distributors companies we cover: a real cost that cash-flow figures leave out.
- Share dilution. Diluted shares rose 85.3% in a year.
Price chart
- 1 day-10.0%
- 1 week-52.3%
- 1 month-83.7%
- This year-97.7%
- 1 year-98.4%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $48.5M
- Operating margin
- -89.9%
- Net margin
- -95.3%
- EPS (TTM, diluted)
- $-1.03
Growth
- Revenue growth
- +4.3%
- Change in growth rate
- −130.5 pts
- Share count change
- +85.3%
Cash
- Free cash flow (TTM)
- -$37.1M
- FCF margin
- -76.6%
- Stock pay % of revenue
- 16.1%
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Our research
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
Valuation models
We value Redcloud Holdings plc as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.05 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.4 ~$0.6–$2.1 | Left out: out of range vs price (10.29x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Redcloud Holdings plc with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Valuation multiples over time Market data may be delayed
| At fiscal year end | 2025 |
|---|---|
| Share price | $1.49 |
| Market value | $67m |
| + Net debt (− = net cash) | $11m |
| Enterprise value | $78m |
| Multiples | |
| Price / sales | 1.4x |
| Price / earnings | — |
| Price / free cash flow | — |
| EV / EBITDA | — |
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Analysts' consensus
No analyst estimates are published for Redcloud Holdings plc: too few analysts cover it.
Positioning
- Short interest
- 1.4% of tradable shares
- Days to cover
- 0.19 at average volume
- Short interest, 1 month
- +629% to October 15, 2026
- Held by institutions
- 2% of shares
- Held by insiders
- 106.0% of shares
- Employees
- 1,269 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2026 to date |
|---|---|
| Return | |
| RCT | −98% |
| Industry peers (median) | +14% |
| S&P 500 | +11% |
| Months that ended higher | |
| RCT | 9% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| RCT | −98% |
| S&P 500 | −9% |
Worst fall since March 21, 2025: 99% from March 24, 2025 to November 2, 2026. Getting back needed a 13557% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $0.04 – $2.12
- From 52-week high
- −98.3%
- vs 50-day average
- −77.5%
- vs 200-day average
- −93.4%
- Volatility (1 year)
- 144%
- Beta vs S&P 500
- 0.87
Redcloud Holdings plc in five measures
Fundamentals
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 20 | 47 | 49 |
| EBITDA | −24 | −38 | −43 |
| Operating income | −26 | −39 | −44 |
| Net income | −32 | −51 | −46 |
| Diluted EPS | −$1.69 | −$2.09 | −$1.03 |
| Growth (year on year) | |||
| Revenue | — | +134.8% | +4.3% |
| Margins | |||
| EBITDA margin | −123.2% | −82.5% | −89.3% |
| Operating margin | −129.5% | −83.1% | −89.9% |
| Net margin | −163.5% | −109.1% | −95.3% |
| Free-cash-flow margin | −111.8% | −75.9% | −76.6% |
| Cash flow | |||
| Cash from operations | −22 | −35 | −37 |
| Capital spending | 0 | 1 | 0 |
| Free cash flow | −22 | −35 | −37 |
| Stock-based pay | 0 | 1 | 8 |
| Free cash flow after stock pay | −22 | −37 | −45 |
| Balance sheet | |||
| Cash | 1 | 1 | 0 |
| Total debt | 16 | 73 | 12 |
| Net debt (negative = net cash) | 16 | 72 | 11 |
| Diluted shares | 19m | 24m | 45m |
Financial health
- Short-term assets cover short-term liabilities $5m of assets due within a year against $20m of liabilities due within a year.
- Short-term assets cover long-term liabilities $5m short-term assets against $0 of longer-dated liabilities.
- More cash than debt Cash or debt not separately reported. Not assessable.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
- Operating profit covers interest at least five times over Interest not separately reported. Not assessable.
Dividends, buybacks and capital spending
- Diluted share count
- +85.3%
- year over year
- Days sales outstanding
- 21 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | RCT | CAPS | GWAV | GPUS | CLWT | HDSN | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $49m | $60m | $61m | $130m | $13m | $257m | $2.2bn |
| Revenue growth, last 12 months | 4.3% | 38.9% | 71.8% | 28.4% | −13.8% | 14.3% | 8.4% |
| Revenue growth, 3-year average | — | — | 23.9% | −4.9% | −10.7% | −5.5% | 5.1% |
| Revenue growth, latest quarter | — | 67.1% | 45.5% | 34.8% | — | 7.5% | 9.0% |
| Gross margin | — | 25.4% | 31.6% | 26.1% | 27.7% | 23.3% | 28.3% |
| Operating margin | −89.9% | −17.2% | −25.1% | −69.3% | −1.8% | 4.5% | 5.5% |
| Operating margin, 3-year average | — | −5.7% | −64.7% | −64.2% | −0.5% | 11.2% | 6.4% |
| Net margin | −95.3% | −36.7% | −27.7% | −71.0% | 1.3% | 3.5% | 3.5% |
| Cash from operations / revenue | −76.3% | −6.0% | −3.5% | −50.2% | −10.7% | −11.6% | 4.9% |
| Free-cash-flow margin | −76.6% | −6.3% | −18.0% | −79.8% | −10.7% | −13.4% | 2.4% |
| Free-cash-flow margin, 3-year average | — | — | −42.9% | −42.3% | 1.1% | 14.7% | 3.1% |
| Stock pay / revenue | 16.1% | −0.4% | 2.5% | 0.8% | 0.0% | 0.5% | 0.5% |
| Change in share count | 85.3% | 199.3% | 107.7% | 47.3% | −1.5% | −5.4% | −0.5% |
Peer comparison
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 4.3% | 8.5% | 22 of 32 |
| Change in growth rate Growth | -130.5pp | +0.8pp | 31 of 32 |
| Operating margin Profitability | -89.9% | 5.5% | 28 of 28 |
| Net margin Profitability | -95.3% | 3.5% | 32 of 32 |
| Free-cash-flow margin Cash generation | -76.6% | 2.8% | 31 of 32 |
| Stock pay as % of revenue Cash generation | 16.1% | 0.5% | 29 of 29 |
| Long-term debt as % of assets Balance sheet | 19.9% | 21.4% | 13 of 29 |
| Change in share count Balance sheet | 85.3% | -0.8% | 26 of 27 |
| Days sales outstanding Balance sheet | 21 days | 57 days | 6 of 27 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
Who owns it
Funds buying and selling- Reported value
- $122,166
- Institutions reporting
- 11
- Shares held vs prior quarter
- ▲ 21.1%
- Positions opened / closed
- 3 / 3
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| UBS Group AG | $38,738 | 132K | 31.7% | ▲ 310.4% |
| Boyer Financial Services, Inc. | $25,801 | 108K | 21.1% | ▼ 25.7% |
| 4Wealth Advisors, Inc. | $18,007 | 49K | 14.7% | ▲ 127.7% |
| Xtx Topco Ltd | $8,908 | 30K | 7.3% | ▲ 58.5% |
| Stonex Group Inc. | $6,239 | 12K | 5.1% | New |
| Geode Capital Management, LLC | $6,053 | 21K | 5.0% | 0.0% |
| Cachetech Inc. | $5,968 | 20K | 4.9% | 0.0% |
| Jane Street Group, LLC | $4,959 | 17K | 4.1% | New |
| Salvus Wealth Management, LLC | $3,829 | 13K | 3.1% | 0.0% |
| Kingsview Wealth Management, LLC | $3,305 | 11K | 2.7% | ▼ 8.4% |
| Tripletail Wealth Management, LLC | $359 | 2K | 0.3% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Redcloud Holdings plc's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $1.2M 3 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $1.2M net buying
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Senn Nikolaus Beat Director | October 28, 2026 | Buy | 1,700,000 | $0.25 | $425,000 |
| Floyd Justin Beck Hinton Chief Executive Officer | September 22, 2026 | Buy | 74,000 | $2.50 | $185,000 |
| Senn Nikolaus Beat Director | August 27, 2026 | Buy | 2,500,000 | $0.25 | $625,000 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Redcloud Holdings plc in brief
- What does Redcloud Holdings plc do?
- Redcloud Holdings plc is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
- What is Redcloud Holdings plc's stock ticker?
- Redcloud Holdings plc trades under the ticker RCT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Redcloud Holdings plc's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Redcloud Holdings plc reported revenue of $48.5M, 4.3% higher than a year earlier, according to its SEC filings.
- What is Redcloud Holdings plc's free cash flow?
- Redcloud Holdings plc's free-cash-flow margin is -76.6% of revenue over the trailing twelve months, ranking 31 of the 32 trading companies & distributors companies we cover.
- Who are Redcloud Holdings plc's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are UBS Group AG, Boyer Financial Services, Inc. and 4Wealth Advisors, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- What is Redcloud Holdings plc's market cap?
- On December 31, 2025, Redcloud Holdings plc's market capitalisation was about $67.1M and net debt of $11.4M. Market figures come from third-party market data and may be delayed.
- Who are Redcloud Holdings plc's competitors?
- In our Trading Companies & Distributors peer group, the companies closest to Redcloud Holdings plc are Capstone Holding Corp., Greenwave Technology Solutions, Inc., Hyperscale Data, Inc., Euro Tech Holdings Co LTD and Hudson Technologies Inc. The side-by-side comparison below sets their revenue, margins and growth against Redcloud Holdings plc's.
- Are insiders buying or selling Redcloud Holdings plc stock?
- Over the last 12 months, Redcloud Holdings plc's directors and officers reported 3 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
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