Earnings ·
RenX Enterprises Corp. reported second quarter 2026 financial results, achieving record consolidated revenue of $4.26…
RENXRenX Enterprises Corp.
RenX Enterprises Corp. reported second quarter 2026 financial results, achieving record consolidated revenue of $4.26 million, a 7.5% increase from the prior quarter, with gross profit of $1.36 million at a 31.9% margin. The Logistics segment generated its second consecutive profitable quarter, reporting net income of $36 thousand and Adjusted EBITDA growth of approximately 45% to $523 thousand. Conversely, the Compost Sales segment recorded a net loss of $1.36 million due to a $157 thousand non-cash inventory valuation adjustment. Consolidated net loss narrowed to $8.0 million from $9.3 million in Q1, though this included approximately $3.8 million in non-cash items, primarily a one-time loss on the exchange of $7.2 million legacy debt into Series C Convertible Preferred Stock and warrants. Cash reserves increased significantly to $2.16 million at June 30, 2026. The company also announced that its Microtec UTM 1200 Turbo Mill has shipped from Germany and is in transit for commissioning in the second half of 2026, while launching a new land clearing division with an initial purchase order.