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Company Overview 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 hi…
The business is unprofitable at the operating level (-151.46% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 3860.7% YoY with margins expanding 3008.7pp.
Negative free cash flow of -$11M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$12M
▲ +3860.7% YoY
Net Income (TTM)
-$23M
▼ -79.1% YoY
Op. Margin
-114.76%
▲ +3008.7pp YoY
ROIC
-26.01%
▼ -0.3pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$11M
▼ -318.2% YoY
Op. Cash Flow (FY)
-$7M
▼ -179.5% YoY
Net Debt
$42M
Cash & Equiv.
$512K
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