RenX Enterprises Corp. RENX
Enterprises Corp. is a Delaware corporation, originally formed in 2021 under the name SGB Development Corp., to engage in real property
development using purpose-built, prefabricated modules constructed from both wood and steel. From our inception through 2023, our operations
primarily focused on the acquisition, entitlement, and development of residential properties in high-growth markets across the United
States. These efforts included the direct acquisition of land, strategic investments in real estate entities, and joint venture partnerships
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $8.2M | $207.6K | — | — | — |
| Cost of revenue | $5.8M | $182.7K | — | — | — |
| Gross profit | $2.4M | $24.9K | — | — | — |
| SG&A | $4.2M | $1.5M | $1.8M | $998.7K | — |
| Total operating expenses | $14.8M | $6.6M | $3.0M | $2.1M | — |
| Operating income | -$12.5M | -$6.6M | -$3.0M | -$2.1M | — |
| Interest expense | $5.3M | $3.5M | $1.2M | $306.4K | — |
| Pre-tax income | -$11.7M | -$7.0M | -$3.8M | — | — |
| Income tax | $4.2M | $1.9M | $355.3K | — | — |
| Net income | -$16.0M | -$8.9M | -$4.2M | -$2.4M | — |
| EPS, basic | -83.99 | -195.69 | -28.65 | -2,444.26 | — |
| EPS, diluted | -83.99 | -195.69 | -28.65 | -2,444.26 | — |
| Shares, diluted (wtd. avg.) | $233.2K | $45.5K | $146.6K | $1.0K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $54.1K | $227.8K | $3.2K | $720 | — |
| Receivables | $799.1K | — | — | — | — |
| Inventory | $1.1M | — | — | — | — |
| Total current assets | $2.6M | $1.8M | $235.2K | $25.8K | — |
| Property, plant and equipment | $11.8M | $6.0K | $3.6K | — | — |
| Goodwill | $6.2M | — | — | — | — |
| Other intangibles | $11.3M | $1.0M | $22.2K | — | — |
| Total assets | $35.5M | $12.8M | $9.6M | $9.3M | — |
| Accounts payable | $5.5M | $1.3M | $601.3K | $255.3K | — |
| Short-term debt | $12.5M | $8.4M | $6.8M | $2.6M | — |
| Total current liabilities | $21.6M | $10.4M | $7.7M | $7.1M | — |
| Long-term debt | $8.2M | $1.5M | — | — | — |
| Total liabilities | $31.1M | $11.9M | $7.7M | — | — |
| Retained earnings | -$32.2M | -$16.0M | -$7.1M | -$2.9M | — |
| Total equity | $4.4M | $853.2K | $1.9M | $2.2M | $1.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$7.3M | -$2.6M | -$4.5M | -$2.3M | — |
| Depreciation and amortisation | $1.0M | $1.0K | $236 | — | — |
| Stock-based compensation | $177.0K | $2.2M | — | — | — |
| Capital expenditure | $3.6M | $3.5K | $3.8K | — | — |
| Investing cash flow | -$3.5M | $239.7K | -$81.8K | -$1.4M | — |
| Financing cash flow | $10.2M | $3.3M | $4.6M | $3.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-037999.
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|---|---|---|---|---|
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| WCN | Waste Connections, Inc. | $41.56B | 39.5x | 6.1% |
| CWST | CASELLA WASTE SYSTEMS INC | $5.95B | 779.4x | 18.0% |
| QRHC | Quest Resource Holding Corp | $29.1M | — | -13.3% |
| AWX | AVALON HOLDINGS CORP | $8.6M | — | -0.3% |
| VIVK | Vivakor, Inc. | $6.7M | — | 16.3% |
| OIO | OIO Group | — | — | — |