RedCloud unveils $24 million half-year revenue
- RedCloud (NASDAQ:RCT) reported first-half 2026 revenue of $24.0 million, up 34% year over year, with trading volume reaching $1.56 billion.
- Net loss narrowed 30% to $18.5 million, while operating loss declined 15% to $17.1 million.
- RedCloud expanded through new joint ventures in Saudi Arabia, Bahrain and India while launching its RedAI CORE trade execution engine.
RedCloud (NASDAQ:RCT) reported revenue of $24 million for the six months ended June 30, 2026, an increase of 34% year over year, as total trading volume increased to $1.56 billion.
The company’s trading volume rose 30% during the period, while operating loss narrowed 15% to $17.1 million and net loss declined 30% to $18.5 million compared with the prior-year period.
RedCloud reported operating cash outflow of $8,207,239 compared with $15,916,911 a year earlier, while the company signed agreements for a Saudi Arabia and Bahrain joint venture and an India joint venture involving twenty-year licensing arrangements.
The company stated that its Saudi Arabia and Bahrain joint venture will retain a 51% interest through its UK subsidiary under a twenty-year license, while its India joint venture with Dheer and Klakshya includes a licensing agreement for up to $120 million.
RedCloud also launched RedAI CORE, its trade execution engine, with 30 selected distributor customers, and stated that it forecasts $20 million in revenue and $1.2 billion in trade under a three-year Argentina agreement, while raising approximately $2.1 million after June 30 through private placements and share sales.
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