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RenX Enterprises (RENX) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · RenX Enterprises (RENX) Q2 2026 earnings results →
Q2 2026 Revenue up 203% year over year to $4.3M · 188¢ of every $1 of revenue lost · operating margin -70.4%
RenX Enterprises made $4.3M in Q2 2026 (+203% Y/Y). Operating margin -70.4%, net loss $8.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.3M in Q2 2026, up 203% year over year and up 8% from the previous quarter.
Gross margin was 31.9%, down 7.0 points from Q2 2025. Operating costs exceeded revenue by $3.0M, an operating margin of -70.4%. Operating expenses fell 21% while revenue rose 203%. The fastest-growing cost line was Sales & marketing (+384%). The quarter ended with a net loss of $8.0M, narrower than the previous quarter's $9.3M loss. Net interest and other expense of $5.0M was the main reason.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $4.3M | +203% | -70.4% | −$8.0M | — |
| Q1 2026 | 10-Q | May 15, 2026 | $4.0M | 218× | -70.0% | −$9.3M | −$2.0M |
| Q4 2025 | 10-K | Apr 1, 2026 | $3.3M | 96× | -119.4% | −$28.2M | −$6.8M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $3.5M | 43× | -66.3% | −$4.4M | −$501K |
| Q2 2025 | 10-Q | Aug 15, 2025 | $1.4M | 33× | -351.8% | −$5.7M | — |
| Q1 2025 | 10-Q | May 15, 2025 | $18K | -64% | n/m | −$2.2M | −$552K |
| Q4 2024 | 10-K | Mar 31, 2025 | $34K | — | n/m | −$1.5M | −$1.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About RenX Enterprises
RenX Enterprises Corp. is a Delaware corporation, originally formed in 2021 under the name SGB Development Corp., to engage in real property development using purpose-built, prefabricated modules constructed from both wood and steel. From our inception through 2023, our operations primarily focused on the acquisition, entitlement, and development of residential properties in high-growth markets across the United States. These efforts included the direct acquisition of land, strategic investments in real estate entities, and joint venture partnerships targeting green, single-family and multifamily housing projects.
In its own words, from its 10-K, filed Apr 1, 2026.
RenX Enterprises against its Refuse Systems peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +203% against the peers' median +7%. Operating margin: -70.4% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RENX RenX Enterprises | Q2 2026 | $4.3M | +203% | -70.4% |
| WM Waste Management | Q3 2026 | $6.8B | +6% | 18.7% |
| RSG Republic Services | Q3 2026 | $5.2B | +8% | 17.7% |
| WCN Waste Connections | Q3 2026 | $2.6B | +7% | 20.5% |
| CWST Casella Waste Systems | Q2 2026 | $544M | +17% | 3.7% |
| NVRI Enviri | Q3 2026 | $325M | +0.1% | 7.2% |
| QRHC Quest Resource Holding | Q3 2026 | $63.8M | +0.7% | 2.7% |
| VIVK Vivakor | Q2 2026 | $32.1M | +10% | 0.5% |
| AWX Avalon Holdings | Q3 2026 | $24.3M | -6% | 13.0% |
Source: RenX Enterprises 10-Q on SEC EDGAR · CIK 1959023 · Refuse Systems
13F: who owns RENX and who is buying
More on RENX
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results