Earnings ·
RedCloud reports Q2 revenue rises 34% to $24M, raises up to $6.7M via ATM financing
RCTRedCloud Holdings plc
RedCloud Holdings plc reported unaudited financial results for the six months ended June 30, 2026. Revenue increased 34% to $24.0 million from $17.9 million in the prior year period, driven by a 30% rise in total trading volume to $1.56 billion. Operating loss narrowed 15% to ($17.1) million and net loss decreased 30% to ($18.5) million. The company maintains a stockholders' deficit of approximately $20.6 million and reported cash and cash equivalents of $0.8 million, raising substantial doubt about its ability to continue as a going concern without additional funding. Subsequent to the period end, RedCloud entered into joint ventures in Saudi Arabia and India, signed a three-year agreement in Argentina forecasting $20 million in revenue, and launched its RedAI CORE trade execution engine commercially. The company also secured an at-the-market financing agreement for up to $6.7 million and raised approximately $2.1 million through private placements with existing shareholders. RedCloud Holdings plc builds AI infrastructure for the prediction of FMCG trade.