Richtech Robotics Inc (NASDAQ: RR) is a service robotics company that designs, manufactures, and deploys autonomous robots for hospitality, retail automotive, warehousing, and industrial environments. The company generates revenue through a Robot-as-a-Service (RaaS) subscription model, outright hardware sales, event rentals, support and maintenance services, and a data services business that sells real-world robotics operation datasets to AI developers. RaaS agreements constituted the majority of signed contracts in fiscal year 2025, shifting the revenue mix away from one-time hardware sales toward multi-year recurring contracts. The company also sells raw standardized datasets covering joint trajectories and gripper contact manipulations to partners building embodied AI foundation models. Headquartered in Las Vegas, Nevada, Richtech has deployed robots across North America, including the U.S., Canada, and Mexico. R&D spending was $2.432 million in FY2025, up from $2.021 million in FY2024. The commercial service robotics market has no clearly defined leader, and Richtech competes on deployment experience, proprietary operational data, and inter-operability lock-in within customer sites.

Revenue model

Three revenue streams: (1) RaaS subscriptions under multi-year contracts, which became the majority of signed contracts in FY2025; (2) product revenue from outright hardware sales and short-term event rentals, which were the majority of revenues in FY2024; (3) data services revenue from selling standardized real-world robotics operation datasets to AI and robotics companies developing embodied AI foundation models.

Products and services

Hospitality pillar: Matradee (restaurant service robot, one of the earliest to launch in the U.S. market) and ADAM (humanoid robot for food and beverage service, described as one of the earliest commercialized humanoid robots for this application in the U.S.). Industrial pillar: Titan line of heavy-duty autonomous mobile robots (AMR) for delivery and transport, first launched in 2024, deployed in retail automotive, warehousing, and manufacturing; DUST-E line of autonomous cleaning robots; Dex humanoid robot for light industrial applications, introduced in FY2025. Data services: raw standardized datasets of joint trajectories, gripper contact manipulations, and related real-world robotics operation data, anchored in the United States.

Customers and end markets

End markets include restaurants and hospitality, retail automotive dealerships, warehousing, and industrial manufacturing. The company is in discussions with a top-5 U.S. dealership group, with at least one fully executed master services agreement in place as of the FY2025 10-K filing. Customer acquisition is driven by digital marketing, direct sales outreach, industry exhibitions (including CES, Nvidia GTC, and National Restaurant Association Convention), and client referrals. The company has a five-person sales team as of the filing date.

Value-chain role

Richtech operates across design, manufacturing, deployment, and data collection. The company designs task environments, operates robots in the field, collects and standardizes operational data, and sells that data as a pipeline for embodied AI training. Internal departments cover procurement, manufacturing, logistics, and accounting. All robots are quality-control tested before shipping from the company's warehouse.

Geographic exposure

Primary operations in the United States, with deployments across North America including Canada and Mexico as of the FY2025 10-K. Headquarters at 2975 Lincoln Rd, Las Vegas, NV 89115. All robotics operation data is anchored in the United States. International expansion outside the United States is stated as a future intention in the filing.

Source: SEC 10-K, filed 2026-01-20

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