RenX Enterprises Corp. (NASDAQ:RENX) generated $8.2 million in revenue during the seven months following its June 2 acquisition of an organic waste processing business, surpassing its previous guidance of $7.0 million by 17%, according to a company press release.
For the fiscal year ended December 31, 2025, the company reported a net loss of $15.9 million. This figure includes about $4.8 million in non-recurring expenses, consisting of a $3.0 million reserve tied to legacy notes receivable, a $966,000 asset impairment, and an $818,000 investment loss.
RenX operates an 80-acre organics processing facility in Myakka City, Florida, through its subsidiary Resource Group US Holdings. At the site, the company processes organic waste into compost, engineered soils, and growing media. Its logistics activities are conducted through Zimmer Equipment Inc.
The company reported a blended gross margin of 29.1% for 2025, an improvement compared with the 26.4% margin recorded in the twelve months ending in Q3 2025. By the end of the year, RenX held $1.08 million in finished goods inventory.
During the fiscal year, RenX reduced $11.9 million in legacy debt through repayments and debt extinguishments. However, the company still carried $25.97 million in total debt as of Q3 2025. At its Florida facility, RenX deployed several pieces of processing equipment, including a Diamond Z track horizontal grinder, a Komptech Shredder, and a Komptech XL3 screening system.
The company has also ordered a Microtec UTM 1200 Turbo Mill, which is expected to arrive in April 2026. The system is capable of processing up to 10 tons of woody biomass per hour. RenX anticipates completing installation and commissioning within 2026, with commercial production expected to begin in the second half of the year.
Additionally, RenX is marketing two legacy real estate assets located in Atlanta and Durant, Oklahoma, with plans to use proceeds from potential sales to reduce debt and support operations.
Earlier in 2025, the company operated as Safe and Green Development Corporation, a real estate holding firm, before transitioning to its current business model following the June 2 acquisition of Resource Group US Holdings.
In other recent developments, RenX announced a 1-for-20 reverse stock split, which became effective on March 26, meaning its shares now trade on a split-adjusted basis. The company also installed a Komptech XL3 trommel screener with an automated conveyor system at its Myakka City facility, a move expected to improve operational efficiency by reducing the need for multiple operators.
RenX is also preparing to receive the UTM 1200 Turbo Mill from Germany, scheduled to arrive in April 2026. The equipment will play a key role in converting biomass materials into engineered soil products.
Additionally, the company restructured its investment in the Norman Berry property in Georgia, converting its $600,000 equity stake into a secured note while maintaining a 50% ownership interest. These steps reflect RenX’s broader strategy as it shifts toward a biomass processing and engineered soils platform.