Ridgetech, Inc. reported a net loss of $1.25 million for fiscal year 2026 ended March 31, compared to net income of $10.20 million in the prior year. Revenue increased 10.2% to $132.16 million, driven by a 1,190.8% surge in online platform sales following the acquisition of Allright on February 28, 2025. Gross profit rose 23.8% to $4.75 million with an improved gross margin of 3.6%. The company completed its strategic transition to a wholesale-focused model by divesting its retail drugstore business. Additionally, the filing discloses that all share and per-share amounts have been retroactively adjusted to reflect a 1-for-150 reverse stock split effective April 7, 2026.
