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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Logistics
- Compost Sales
- Other
| Segment | FY2025 |
|---|---|
| Logistics | $5.9M |
| Compost Sales | $2.3M |
| Other | $18.2K |
As the company reported it, from the “Segment Reporting - Schedule of Company???s Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.) | 233,211 | 45,524 | 146,628 | 1,000 | — |
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | — | $207.6K | $8.2M |
| Gross profit | — | — | — | $24.9K | $2.4M |
| Net income | — | -$2.4M | -$4.2M | -$8.9M | -$16.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Material agreement signed Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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