RENX
RenX Enterprises Corp.
Next earnings ≈ Aug 14, 2026 · est. from filing cadence
Last earnings -3.0% on 2026-05-15
$2.00
▲ +4.17%$2.00▼ -87.92%
over 1Y
L $1.42H $38.60
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.2%
1W+15.6%
1M+21.2%
3M-1.0%
YTD-47.6%
1Y-87.9%
Avoid
Conviction
Horizon
Long (>12mo)
Cash-empty, going-concern micro-cap: $54K cash vs $12.5M debt due and $21.6M current liabilities — the P/S 0.6 is a mirage.
Cash & equivalents $54.1K · FY2025
RENX is a distressed 2.51M-share nano-cap ($5.0M market cap) that reinvented itself yet again — from prefab housing to real-estate 'AI' to, in June 2025, an acquired organics-recycling/logistics operator (Resource Group + Zimmer Equipment). The headline +3,860% revenue to $8.22M is entirely acquisition-driven optics, not organic traction: logistics ($5.94M) and biomass ($2.27M) were simply bolted on. Underneath, the business burns cash — operating margin -151.5%, net margin -194.1%, net loss -$16.0M, and operating cash flow -$7.27M — while gross margin is a thin 29.1%. This is a company buying revenue it cannot fund.
The balance sheet is the disqualifier. Cash is $54.1K (down 76.3%) against $12.5M of current debt, $21.6M of current liabilities, and only $2.57M of current assets — a working-capital hole of roughly $19M and functionally zero liquidity. Liabilities/equity sits at 7.07x, equity is a fragile $4.39M, and retained earnings are -$32.2M against a -363% ROE. This is a going-concern profile: absent continuous, dilutive capital raises, the current debt cannot be serviced.
Is RENX a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~90d expiry
- Long put 2 @ ~0.30 est
- Short put 2 @ ~0.30 est
debit $0max +$0max $0
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | — | — | $208K | $8.22M |
| Gross profit | — | — | $24.9K | $2.39M |
| Operating income | -$2.14M | -$3.02M | -$6.56M | -$12.5M |
| Net income | -$2.44M | -$4.20M | -$8.91M | -$16.0M |
| Diluted EPS | -$2,444.26 | -$28.65 | -$195.69 | -$83.99 |
| Net margin | — | — | -4292.2% | -194.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$25.9M
EV / EBITDA—
EV / Sales3.2
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-305.3%
FCF yield-208.4%
Quality & risk
ROIC (est.)-39.1%
Free cash flow-$10.9M
Total debt$20.8M
Net cash-$20.7M
Altman Z-Score-2.74 distress
Piotroski F-Score4/9
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+30.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- S-3/A Shelf registration (potential raise)2026-06-22
- 8-K Officer / director change2026-06-15
Omnibus 8-K: new agreement, stock issuance, officer & charter changes, vote results
- 8-K Earnings results2026-05-15
Q1'26: Resource Group revenue but $54K cash & $21.6M current liabilities strain
- S-3 Shelf registration (potential raise)2026-05-15
Q1'26: Resource Group revenue but $54K cash & $21.6M current liabilities strain
- DEF 14A Proxy statement2026-05-15
Q1'26: Resource Group revenue but $54K cash & $21.6M current liabilities strain
- 10-Q Quarterly report2026-05-15
Q1'26: Resource Group revenue but $54K cash & $21.6M current liabilities strain
- 8-K Material agreement2026-05-05
New financing: material agreement, direct debt obligation & unregistered share sale
- 8-K Reg FD disclosure2026-04-13
Reg FD / other-event press disclosure; no new financial obligation
- 8-K Other event2026-04-10
Other-event disclosure only
Recent filings
all on EDGAR ↗S-8Filing2026-06-29open ↗S-3/AFiling2026-06-22open ↗4Period ending 2026-06-112026-06-15open ↗8-KPeriod ending 2026-06-102026-06-15open ↗S-3Filing2026-05-15open ↗DFiling2026-05-15open ↗ARSPeriod ending 2025-12-312026-05-15open ↗DEF 14APeriod ending 2026-06-122026-05-15open ↗10-QPeriod ending 2026-03-312026-05-15open ↗8-KPeriod ending 2026-05-152026-05-15open ↗SCHEDULE 13GFiling2026-05-11open ↗PRE 14APeriod ending 2026-05-052026-05-05open ↗
Frequently asked
- Is RenX Enterprises Corp. (RENX) a buy?
- RENX currently carries a Avoid rating with 5/5 conviction, derived from its latest SEC filings. Cash-empty, going-concern micro-cap: $54K cash vs $12.5M debt due and $21.6M current liabilities — the P/S 0.6 is a mirage.
- What is RenX Enterprises Corp.'s quality score?
- RENX scores 47.572131074054155/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001959023, latest 10-Q filed 2026-05-15) · EODHD · Proprietary analysis · as of 7/4/2026, 10:03:10 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 6:03 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.