RCMT

MKT CAP:$235M

RCM Technologies, Inc.

Market Cap

$235M

Industrials·Conglomerates·🇺🇸 United States·NASDAQ

Industrials·Conglomerates·🇺🇸·NASDAQ

Stock Price

$30.74+$10.88 (+54.78%)

Apr 21, 2026

Company Details

RCM Technologies, Inc. provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and Information Technology. T...

CEO

Bradley S. Vizi

IPO Date

Sep 12, 1983

Website

www.rcmt.com

Key Metrics TTM

Revenue

$310M

+13.7% YoY

Net Income

$13M

EPS (Diluted)

$1.71

Free Cash Flow

$4M

Revenue / Share

$40.69

Gross Margin

27.3%

Operating Margin

7.6%

Net Margin

4.2%

FCF Margin

1.1%

P/S

0.8x

P/E

17.9x

Earnings Reports

Q4 2025

May 6, 2026

PENDING

FY 2025

Apr 3, 2026

$319M+14.7%EPS $2.15

Q3 2025

Nov 6, 2025

$70M+16.4%EPS $0.30

Q2 2025

Aug 7, 2025

$78M+13.0%EPS $0.50

Q1 2025

May 8, 2025

$84M+17.4%EPS $0.54

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$65M	$18M	$7M
Q1 22	$82M	$23M	$9M
Q2 22	$74M	$22M	$8M
Q3 22	$58M	$17M	$5M
Q4 22	$70M	$20M	$7M
Q1 23	$67M	$19M	$6M
Q2 23	$67M	$19M	$6M
Q3 23	$58M	$17M	$4M
Q4 23	$71M	$21M	$8M
Q1 24	$72M	$20M	$6M
Q2 24	$69M	$20M	$6M
Q3 24	$60M	$18M	$4M
Q4 24	$77M	$22M	$6M
Q1 25	$84M	$22M	$7M
Q2 25	$78M	$22M	$7M
Q3 25	$70M	$19M	$4M

Valuation

Quarter	P/S	P/E
Q4 21	0.4x	6.6x
Q1 22	0.5x	7.7x
Q2 22	0.9x	11.2x
Q3 22	0.6x	7.7x
Q4 22	0.4x	5.7x
Q1 23	0.4x	5.2x
Q2 23	0.6x	9.2x
Q3 23	0.6x	9.2x
Q4 23	1.0x	14.9x
Q1 24	0.6x	9.6x
Q2 24	0.5x	8.6x
Q3 24	0.6x	10.1x
Q4 24	0.6x	13.2x
Q1 25	0.4x	8.7x
Q2 25	0.6x	13.2x
Q3 25	0.6x	15.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$4M	-$4M
Q1 22	$2M	$2M
Q2 22	$18M	$18M
Q3 22	-$14.0K	-$233.0K
Q4 22	$8M	$7M
Q1 23	-$832.0K	-$1M
Q2 23	$17M	$17M
Q3 23	$11M	$11M
Q4 23	-$15M	-$17M
Q1 24	$6M	$6M
Q2 24	$6M	$5M
Q3 24	-$4M	-$5M
Q4 24	-$2M	-$3M
Q1 25	$17M	$16M
Q2 25	-$8M	-$8M
Q3 25	-$1M	-$2M

Capital Expenditures

Quarter	CapEx
Q4 21	$76.0K
Q1 22	$217.0K
Q2 22	$236.0K
Q3 22	$219.0K
Q4 22	$94.0K
Q1 23	$332.0K
Q2 23	$227.0K
Q3 23	$316.0K
Q4 23	$2M
Q1 24	$669.0K
Q2 24	$398.0K
Q3 24	$522.0K
Q4 24	$983.0K
Q1 25	$427.0K
Q2 25	$473.0K
Q3 25	$498.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+57.7%	+34.5%
Q1 22	+84.0%	+68.9%
Q2 22	+51.9%	+40.8%
Q3 22	+27.9%	+27.9%
Q4 22	+8.2%	+9.7%
Q1 23	-18.1%	-15.8%
Q2 23	-9.8%	-7.4%
Q3 23	-0.2%	+0.6%
Q4 23	+1.1%	-0.5%
Q1 24	+7.2%	+7.6%
Q2 24	+3.2%	+3.4%
Q3 24	+4.0%	+4.2%
Q4 24	+8.3%	+11.9%
Q1 25	+17.4%	+17.8%
Q2 25	+13.0%	+13.0%
Q3 25	+16.4%	+18.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$401.0K	—
Q1 22	$403.0K	0.5%
Q2 22	$302.0K	0.4%
Q3 22	$425.0K	0.7%
Q4 22	$452.0K	0.6%
Q1 23	$496.0K	0.7%
Q2 23	$471.0K	0.7%
Q3 23	$484.0K	0.8%
Q4 23	$641.0K	—
Q1 24	$635.0K	0.9%
Q2 24	$752.0K	1.1%
Q3 24	$767.0K	1.3%
Q4 24	$710.0K	—
Q1 25	$773.0K	0.9%
Q2 25	$1M	1.4%
Q3 25	$1M	1.5%

OpEx Breakdown

Quarter	SG&A
Q4 21	$12M
Q1 22	$14M
Q2 22	$13M
Q3 22	$13M
Q4 22	$13M
Q1 23	$13M
Q2 23	$13M
Q3 23	$13M
Q4 23	$13M
Q1 24	$14M
Q2 24	$14M
Q3 24	$13M
Q4 24	$16M
Q1 25	$15M
Q2 25	$15M
Q3 25	$15M

Revenue Segments

Quarter	Engineering Services	Health Care	Technology Service
Q1 22	$20M	$52M	$10M
Q2 22	$21M	$43M	$10M
Q3 22	$21M	$28M	$9M
Q3 23	$22M	$25M	$11M
Q1 24	$24M	$38M	$10M
Q2 24	$23M	$37M	$10M
Q3 24	$24M	$27M	$10M
Q1 25	$32M	$43M	$9M
Q2 25	$27M	$43M	$9M
Q3 25	$31M	$30M	$9M

Revenue by Geography

Quarter	Canada	Puerto Rico	Serbia	United States	Europe
Q4 21	$1M	$1M	$774.0K	$62M	—
Q1 22	$1M	$1M	$719.0K	$79M	—
Q2 22	$1M	$1M	$643.0K	$71M	—
Q3 22	$1M	$1M	$620.0K	$55M	—
Q4 22	$1M	$1M	$648.0K	$67M	—
Q1 23	$2M	$2M	—	$63M	$658.0K
Q2 23	$2M	$2M	—	$63M	$866.0K
Q3 23	$2M	$2M	—	$54M	$1M
Q1 24	$1M	$2M	—	$67M	$2M
Q2 24	$2M	$2M	—	$64M	$2M
Q3 24	$2M	$2M	—	$55M	$2M
Q1 25	$2M	$2M	—	$79M	$2M
Q2 25	$2M	$2M	—	$73M	$1M
Q3 25	$2M	$2M	—	$61M	$6M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$859.0K	$0	$859.0K
Q2 22	$3M	$0	$3M
Q3 22	$761.0K	$0	$761.0K
Q4 22	$339.0K	$0	$339.0K
Q1 23	$2M	$0	$2M
Q2 23	$1M	$0	$1M
Q3 23	$654.0K	$0	$654.0K
Q4 23	$6M	$0	$6M
Q1 24	$2M	$0	$2M
Q2 24	$3M	$0	$3M
Q3 24	$3M	$0	$3M
Q4 24	$5M	$0	$5M
Q1 25	$5M	$0	$5M
Q2 25	$5M	$0	$5M
Q3 25	$1M	$0	$1M
Q4 25	$3M	$0	$3M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	11M	-3.2%	-4.2%
Q1 22	11M	-4.5%	-11.4%
Q2 22	11M	-0.1%	-8.5%
Q3 22	11M	-0.3%	-7.9%
Q4 22	10M	-4.5%	-9.2%
Q1 23	9M	-6.4%	-11.0%
Q2 23	9M	-9.0%	-18.9%
Q3 23	8M	-4.2%	-22.1%
Q4 23	8M	-0.7%	-19.0%
Q1 24	8M	+0.4%	-13.1%
Q2 24	8M	-2.6%	-7.0%
Q3 24	8M	0.0%	-2.9%
Q4 24	8M	-2.8%	-5.0%
Q1 25	8M	+0.1%	-5.3%
Q2 25	8M	-2.6%	-5.3%
Q3 25	8M	+1.0%	-4.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$259.7K	250
Q1 22	$327.8K	250
Q2 22	$297.4K	250
Q3 22	$232.6K	250
Q4 22	$250.8K	280
Q1 23	$239.7K	280
Q2 23	$239.4K	280
Q3 23	$207.3K	280
Q4 23	$236.8K	300
Q1 24	$239.8K	300
Q2 24	$230.5K	300
Q3 24	$201.2K	300
Q4 24	$207.9K	370
Q1 25	$228.3K	370
Q2 25	$211.3K	370
Q3 25	$190.0K	370

Revenue / Employee