Quarterly ResultMay 15, 2026, 06:12 AM

Rank One Computing Q1 Net Loss $3.04M; Completes IPO with $24M Gross Proceeds

AI Summary

Rank One Computing Corp reported a net loss of $3.04 million for the three months ended March 31, 2026, a significant increase from $0.74 million in the prior year. Sales decreased to $2.55 million from $3.17 million year-over-year. During the quarter, the company successfully completed its initial public offering, generating gross proceeds of approximately $24 million and substantially increasing its cash balance and stockholders' equity.

Key Highlights

Completed IPO on February 23, 2026, raising approximately $24,000,000 in gross proceeds.
Net loss for Q1 2026 was $3,038,194, compared to $736,566 in Q1 2025.
Sales for Q1 2026 decreased to $2,548,642 from $3,173,522 in Q1 2025.
Cash balance significantly increased to $16,616,852 as of March 31, 2026, from $270,560 at December 31, 2025.
Total Stockholders' Equity improved to $18,294,276 from a deficit of $(292,271) at December 31, 2025.
Loss per share was $(0.18) for Q1 2026, up from $(0.05) in Q1 2025.
Selling, general and administrative expenses rose to $2,933,221 from $1,976,717 year-over-year.
Research and development expenses increased to $2,087,767 from $1,554,246 year-over-year.

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ROC

Computer Software: Prepackaged Software

Rank One Computing Corp

Price Impact