Richtech Robotics (RR) Stock Falls 12% as Accounting Errors Surface Across Multiple Years

TLDR

• Richtech Robotics (RR) stock fell roughly 10–12% in premarket trading Friday after disclosing accounting errors
• The company’s new auditing firm, CBIZ CPAs P.C., discovered the errors while reviewing Q1 2026 financials
• Errors relate to warrant accounting, a Standby Equity Purchase Agreement, and restricted stock awards issued in December 2025
• Richtech plans to restate financials for fiscal years 2024 and 2025 via amended filings
• The company expects restatements to involve non-cash adjustments only, but warned some could be material

Richtech Robotics (RR) stock dropped around 10% to 12% in premarket trading on Friday after the company revealed it needs to restate financial statements covering multiple periods.

Richtech Robotics Inc. Class B Common Stock, RR

The disclosure came in an SEC filing dated June 9, 2026, in which Richtech’s Audit Committee determined that previously issued financials can no longer be relied upon.

The errors were uncovered by the company’s new independent accounting firm, CBIZ CPAs P.C., while reviewing financials for the quarter ended March 31, 2026.

The firm found three main problem areas. First, Richtech failed to properly account for the liability tied to warrants issued during fiscal years ending September 2024 and September 2025. Second, there were errors in accounting for its Standby Equity Purchase Agreement with YA II PN, Ltd. Third, mistakes were found in accounting for restricted stock awards issued in December 2025.

CBIZ also stated that any earnings releases, press releases, or communications tied to those periods should no longer be relied upon.

What Gets Restated

Richtech plans to file an amended Annual Report on Form 10-K/A covering the fiscal year ended September 30, 2025. It will also file amended quarterly reports for the periods ended December 31, 2024, March 31, 2025, June 30, 2025, and December 31, 2025.

The company said it expects the restatements to “primarily involve non-cash accounting adjustments” and does not expect them to affect its cash position, operating cash flows, or day-to-day business operations.

Material Weakness Still Unresolved

Adding to investor concern, Richtech disclosed that a material weakness in internal controls that was reported as of September 30, 2025 has not actually been fixed — despite the company saying in a prior quarterly filing that it had been remediated.

The company now expects to report an additional material weakness related to financial instruments. Conclusions from the ongoing evaluation will be addressed in the forthcoming Form 10-K/A.

Richtech also cautioned that the conclusions around additional error areas are still pending, meaning more adjustments could follow.

The stock was trading down approximately 10% in premarket activity as of Friday morning.

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