Richmond Vanadium Technology Pty Ltd. (RVT) AI Stock Analysis

• Market Cap: AU$33.05M
• Dividend Yield: N/A
• Average Volume (3M): 56.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.67
• Revenue Growth: N/A
• EPS Growth: 4.49%
• Country: AU
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 220,315,100
• 10 Day Avg. Volume: 102,299
• 30 Day Avg. Volume: 56,319
• PEG Ratio: 2.09
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 33.64
• P/FCF Ratio: -4.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$0.15 ▲(117.14% Upside)

The score is held down primarily by weak financial performance—persistent losses, very small/volatile revenue, and ongoing negative operating and free cash flow—despite the benefit of a debt-free balance sheet. Technicals provide support due to strong upward momentum and price strength versus moving averages, though overbought readings add risk. Valuation is difficult to assess with a negative P/E and no dividend yield data.

Positive Factors

Debt-free Balance Sheet

A debt-free balance sheet provides durable financial flexibility: it lowers solvency risk, reduces fixed financing costs, and gives management optionality to raise capital or deploy equity into operations. This cushion helps the firm survive protracted negative cash flow periods.

Very High Gross Margins

Near-100% gross margins imply strong unit-level economics and meaningful pricing power or low direct production costs. If the company can scale revenue and control operating overhead, these margins support sustainable profitability and strong operating leverage over the medium term.

Lean Operating Footprint

A very small workforce suggests a lean cost base and operational nimbleness, limiting recurring payroll obligations. This structural advantage can extend runway, allow focused capital deployment, and reduce fixed-cost scaling requirements while management prioritizes revenue generation or product development.

Negative Factors

Persistent Negative Cash Flow

Consistent negative operating and free cash flow, with deteriorating FCF in FY2025, signals structural cash burn. Over months, this necessitates recurrent external financing, dilutes existing equity or forces asset sales, and constrains investment in growth or R&D without improving core profitability.

Small, Volatile Revenue and Widening Losses

A tiny, inconsistent top line undermines the firm’s ability to achieve scale and operating leverage. Widening annual losses highlight fragile economics and weak demand or execution; absent reliable revenue growth, profitability remains unlikely and forecasting or strategic planning is impaired.

Negative Returns on Equity

Persistent negative ROE indicates the company is destroying shareholder capital rather than generating returns. Over a multi-month horizon, sustained negative ROE undermines investor confidence, limits internal funding for growth, and raises the bar for management to demonstrate a credible path to profitable capital deployment.

Richmond Vanadium Technology Pty Ltd. Business Overview & Revenue Model

Company Description

Richmond Vanadium Technology Limited operates as a mineral exploration company. It holds interests in the Richmond Vanadium project that consists of five tenements totaling 1,403 square kilometers located in the jurisdiction of north Queensland. The company was incorporated in 2017 and is based in Perth, Australia.

How the Company Makes Money

RVT generates revenue primarily through the exploration, development, and extraction of vanadium resources. The company's key revenue streams include selling vanadium extracted from its mining operations to industrial consumers and manufacturers who utilize vanadium in steel production and emerging technologies such as vanadium redox flow batteries. Strategic partnerships and joint ventures with other mining companies and technology firms also contribute to its earnings by enhancing its project development capabilities and market reach. Additionally, RVT may engage in offtake agreements, securing long-term sales contracts with customers to ensure consistent revenue flows.

Richmond Vanadium Technology Pty Ltd. Financial Statement Overview

Summary

Income statement and cash flow are very weak: revenue is small and volatile, losses remain deep and widened in FY2025, and operating/free cash flow are consistently negative with higher FY2025 cash burn. The main support is a debt-free balance sheet with meaningful equity, reducing near-term solvency risk despite negative returns on equity.

Income Statement

Revenue remains very small and volatile (down ~21% in FY2025 after a stronger FY2024), while profitability is consistently weak. Despite extremely high gross margins (near 100%), operating costs overwhelm the business, resulting in deeply negative EBIT and net margins (net margin ~-357% in FY2025). Losses have also widened again in the most recent year versus FY2024, indicating limited operating leverage at this stage.

Balance Sheet

The balance sheet is a relative strength: the company reports no debt across the periods provided, which materially reduces financial risk. Equity is substantial versus total assets, supporting flexibility to fund operations; however, returns remain negative (return on equity around -4% to -8% in recent years), reflecting that capital is not currently generating profits.

Cash Flow

Cash generation is weak, with operating cash flow negative every year shown (about -$1.6M in FY2025) and free cash flow also consistently negative (about -$4.1M in FY2025). Free cash flow has been volatile and deteriorated in FY2025 versus FY2024, implying higher cash burn and continued reliance on external funding despite the debt-free profile.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	524.12K	524.12K	739.33K	252.06K	406.43K	65.75K
Gross Profit	524.12K	524.12K	737.67K	251.44K	401.36K	54.88K
EBITDA	-1.79M	-1.79M	-1.97M	-3.67M	-462.51K	-464.11K
Net Income	-1.87M	-1.87M	-1.98M	-3.67M	-467.58K	-474.98K
Balance Sheet
Total Assets	42.27M	42.27M	44.71M	48.94M	50.69M	4.80M
Cash, Cash Equivalents and Short-Term Investments	8.88M	8.88M	13.30M	18.77M	20.90M	274.15K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.23M	1.23M	1.66M	1.38M	1.53M	42.67K
Stockholders Equity	41.05M	41.05M	43.05M	47.56M	49.17M	4.76M
Cash Flow
Free Cash Flow	-4.07M	-4.07M	-5.47M	-2.88M	-1.82M	-1.31M
Operating Cash Flow	-1.59M	-1.59M	-1.55M	-2.14M	-1.17M	-1.31M
Investing Cash Flow	-2.48M	-2.48M	-3.92M	-3.75M	-645.07K	0.00
Financing Cash Flow	-346.04K	-346.04K	0.00	23.60M	1.95M	1.51M

Richmond Vanadium Technology Pty Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RVT, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 57.13 is Neutral, neither overbought nor oversold. The STOCH value of 17.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RVT.

Richmond Vanadium Technology Pty Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RVT	53 Neutral	AU$33.05M	-16.47	-4.46%	―	―	4.49%
GL1	52 Neutral	AU$141.34M	-36.39	-2.30%	―	―	12.50%
VR8	48 Neutral	AU$17.49M	-6.22	-8.74%	―	―	-25.00%
LEL	43 Neutral	AU$41.44M	-6.89	-13.86%	―	―	-12.34%

Richmond Vanadium Technology Pty Ltd. Corporate Events

Richmond Vanadium Pushes Ahead With Approvals and Partnerships Amid Soft Market

Richmond Vanadium Technology’s December quarter marked a transition from consolidation to delivery, as the company pushed ahead with technical validation, environmental approvals and strategic partnerships despite subdued vanadium prices. Positive concentrate test work supported its mine-to-battery strategy and deepened its commercial relationship with vanadium flow battery specialist Rongke Power International, while discussions progressed on potential deployment of large-scale vanadium flow battery projects in Australia, including the Kalgoorlie 50MW/500MWh opportunity. The company reported strong progress on its Environmental Impact Statement and parallel Mining Lease Application, keeping the project aligned with its approvals timetable and positioning it to be “ready to mine” as long-duration energy storage demand grows. Management maintained a lean cost base and disciplined capital management, while ongoing engagement with shareholders, landholders, government agencies and regional stakeholders underpinned confidence in its long-term strategy and industry positioning.

The most recent analyst rating on (AU:RVT) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Richmond Vanadium Technology Pty Ltd. stock, see the AU:RVT Stock Forecast page.

Richmond Vanadium denies undisclosed news behind share price surge

Richmond Vanadium Technology Limited has told the ASX it is not aware of any undisclosed information that would explain the recent sharp rise in its share price and trading volumes, after the stock climbed from A$0.09 on 15 January to an intraday high of A$0.19 on 19 January. In response to an official price and volume query, the company attributed the move to heightened investor interest in previously released information and to broader market enthusiasm for the critical minerals and energy storage sector, while confirming it remains in full compliance with continuous disclosure obligations and that its board has authorised the response.

The most recent analyst rating on (AU:RVT) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Richmond Vanadium Technology Pty Ltd. stock, see the AU:RVT Stock Forecast page.

Richmond Vanadium Announces Director Interest Changes

Richmond Vanadium Technology Limited announced changes in the interests of its directors, following the issuance of ordinary shares and Zero Exercise Price Options (ZEPOs) approved at the company’s Annual General Meeting. This move is part of the company’s Employee Incentive Plan and aligns with ASX Listing Rules, potentially impacting the company’s governance and shareholder relations by aligning director interests with company performance.

Richmond Vanadium Technology Announces Quotation of New Securities on ASX

Richmond Vanadium Technology Limited has announced the application for quotation of 1,250,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective December 5, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the accessibility and visibility of its securities in the market.

Richmond Vanadium Technology Issues New Employee Incentive Options

Richmond Vanadium Technology Limited has announced the issuance of 9,750,000 unlisted Zero Exercise Price Options (ZEPOs) as part of an employee incentive scheme. This move is aimed at enhancing employee engagement and aligning their interests with the company’s growth objectives, potentially strengthening its market position.

Richmond Vanadium Technology Secures Strong Shareholder Support at AGM

Richmond Vanadium Technology Pty Ltd. announced the successful passing of all resolutions at its Annual General Meeting held on November 14, 2025. The resolutions were approved by a significant majority, indicating strong shareholder support and potentially strengthening the company’s strategic initiatives and governance.

Richmond Vanadium Technology Advances Key Projects Amid Strategic Transition

Richmond Vanadium Technology Limited’s 2025 Annual General Meeting highlighted a year of significant transition and strategic execution, with a focus on advancing key projects. The company has restructured its leadership to streamline operations and is progressing with the Environmental Impact Statement and Bankable Feasibility Study for its Richmond-Julia Creek Vanadium Project. These efforts are aimed at reducing costs and enhancing RVT’s competitive edge in the global market, with key milestones tied to employee incentives to ensure successful project delivery.