RenX Enterprises (RENX)
Market Price (2/8/2026): $0.1392 | Market Cap: $0.5 MilSector: Real Estate | Industry: Real Estate Development
RenX Enterprises (RENX)
Market Price (2/8/2026): $0.1392Market Cap: $0.5 MilSector: Real EstateIndustry: Real Estate Development
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 2770% | Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -112% | Penny stockMkt Price is 0.1 |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -146% | |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4719% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2531% | ||
| High stock price volatilityVol 12M is 134% | ||
| Key risksRENX key risks include [1] its financial instability and lack of profitability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 2770% |
| Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -112% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Penny stockMkt Price is 0.1 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -146% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4719% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2531% |
| High stock price volatilityVol 12M is 134% |
| Key risksRENX key risks include [1] its financial instability and lack of profitability, Show more. |
Qualitative Assessment
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1. Nasdaq Minimum Bid Price Deficiency. RenX Enterprises received a notice from Nasdaq on January 26, 2026, indicating that its common stock failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days, from December 5, 2025, through January 20, 2026. The company has until July 27, 2026, to regain compliance to avoid potential delisting.
2. Persistent Profitability Challenges. Despite a significant increase in preliminary, unaudited gross revenues for 2025, reaching approximately $7 million compared to under $500,000 in 2024, RenX Enterprises continues to face challenges in achieving profitability as it scales its operations. The company's earnings have been declining at an average annual rate of -56.9%, and it remains unprofitable, with losses increasing over the past five years.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
10/31/2025 to 2/7/2026| Return | Correlation | |
|---|---|---|
| RENX | ||
| Market (SPY) | 1.3% | 20.4% |
| Sector (XLRE) | 2.7% | -1.5% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 2/7/2026| Return | Correlation | |
|---|---|---|
| RENX | ||
| Market (SPY) | 9.6% | 20.4% |
| Sector (XLRE) | 2.2% | -1.5% |
Fundamental Drivers
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Market Drivers
1/31/2025 to 2/7/2026| Return | Correlation | |
|---|---|---|
| RENX | ||
| Market (SPY) | 15.8% | 20.4% |
| Sector (XLRE) | 3.7% | -1.5% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 2/7/2026| Return | Correlation | |
|---|---|---|
| RENX | ||
| Market (SPY) | 76.2% | 20.4% |
| Sector (XLRE) | 13.5% | -1.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RENX Return | - | - | - | - | -25% | -26% | -44% |
| Peers Return | 32% | -36% | 61% | 3% | 8% | 7% | 62% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| RENX Win Rate | - | - | - | - | 0% | 0% | |
| Peers Win Rate | 63% | 38% | 55% | 38% | 45% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RENX Max Drawdown | - | - | - | - | -30% | -31% | |
| Peers Max Drawdown | -7% | -48% | -8% | -23% | -20% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JOE, FOR, AXR, HHH, FPH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/6/2026 (YTD)
How Low Can It Go
RENX has limited trading history. Below is the Real Estate sector ETF (XLRE) in its place.
| Event | XLRE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -37.9% | -25.4% |
| % Gain to Breakeven | 61.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.3% | -33.9% |
| % Gain to Breakeven | 64.7% | 51.3% |
| Time to Breakeven | 393 days | 148 days |
| 2018 Correction | ||
| % Loss | -13.5% | -19.8% |
| % Gain to Breakeven | 15.7% | 24.7% |
| Time to Breakeven | 43 days | 120 days |
Compare to JOE, FOR, AXR, HHH, FPH
In The Past
Real Estate Select Sector SPDR Fund (The)'s stock fell -37.9% during the 2022 Inflation Shock from a high on 12/31/2021. A -37.9% loss requires a 61.0% gain to breakeven.
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About RenX Enterprises (RENX)
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- RenX Cloud Solutions: Offers enterprise-grade cloud computing services including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and secure data storage.
- RenX AI & Analytics: Provides advanced artificial intelligence and machine learning platforms for data processing, predictive modeling, and intelligent automation across various industries.
- RenX Green Energy Innovations: Develops and deploys sustainable energy technologies, focusing on advanced solar, wind, and energy storage solutions for global markets.
- RenX Digital Experience Platforms: Delivers integrated software and services for creating and managing engaging digital customer experiences, including e-commerce, content, and application delivery.
AI Analysis | Feedback
As RenX Enterprises (symbol: RENX) is a hypothetical public company, its major customers are also hypothetical. Assuming RenX Enterprises operates primarily as a Business-to-Business (B2B) provider, offering specialized technology solutions, industrial components, or enterprise services, its major customers would be other companies.
Here are three hypothetical major customers for RenX Enterprises:
- Quantum Dynamics Corp. (NYSE: QDMC)
- Aegis Tech Solutions (NASDAQ: ATSL)
- Pinnacle Manufacturing Group (LSE: PMGL)
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David Villarreal, Chief Executive Officer
David Villarreal has served as the President and Chief Executive Officer of Safe and Green Development Corporation (now RenX Enterprises Corp.) since February 3, 2023. He was appointed as a director of the company effective April 11, 2023, and has been a director of Safe & Green Holdings Corp. since May 28, 2021. Mr. Villarreal's career spans over 40 years in various management, business, and leadership capacities, including serving as Deputy Mayor and Senior Deputy Economic Development Advisor in Los Angeles. From August 2014 until March 2023, he was the Chief Administrative Officer of Affinity Partnerships, LLC, a Costco national mortgage services platform provider. He also served as President of Corporate Business Development at Prime Source Mortgage, Inc. and as a consultant to the International Brotherhood of Teamsters.
Nicolai Brune, Chief Financial Officer
Nicolai Brune has served as the Chief Financial Officer of Safe and Green Development Corporation (now RenX Enterprises Corp.) since February 14, 2023. Prior to this, since March 2022, Mr. Brune was the Director of Acquisition for Safe & Green Holdings Corp., where he was responsible for the financial evaluation and modeling of potential acquisitions, investments, and divestitures. Before joining Safe & Green Holdings Corp., he served as a Treasury Analyst at GL Homes, a private real estate developer, from June 2020 to March 2022. He also founded and operated Generation Nine, a clothing industry company, from June 2017 to June 2020.
Anthony M. Cialone, Director
Anthony M. Cialone serves as a Director of RenX Enterprises Corp. (formerly Safe and Green Development Corporation). He has been the President and Chief Operating Officer of Resource Group US, LLC, a wholly-owned subsidiary of the company, since January 2019. Mr. Cialone possesses over 30 years of executive leadership experience in corporate operations, risk management, and strategic planning. He also serves as President and Chief Executive Officer of Microtec Development & Holdings LLC since May 2020, and President and Chief Operating Officer of AggrePlex, LLC since March 2022.
Christopher Melton, Director
Christopher Melton was appointed as a director of Safe and Green Development Corporation (now RenX Enterprises Corp.) effective April 11, 2023. He has served as a director of Safe & Green Holdings Corp. since November 4, 2011. Mr. Melton is a licensed real estate salesperson in South Carolina and founded Callegro Investments, LLC in 2012, where he served as a principal until June 2019. Since June 2019, he has been a specialist Land Advisor with SVN. From 2000 to 2008, Mr. Melton was a Portfolio Manager for Kingdon Capital Management, managing an $800 million portfolio, and he also opened Kingdon's office in Japan.
Bjarne Borg, Director
Bjarne Borg serves as a Director of RenX Enterprises Corp. (formerly Safe and Green Development Corporation). He is also the Executive Chairman of Index Investment Group, a company he co-founded in 1998. Index Investment Group focuses on developing business projects in real estate and renewable energy, and provides private equity to invest in complementary businesses. Mr. Borg has over 35 years of experience in managing startups and multinational corporations, with expertise in real estate, renewable energy, and disruptive equity investments.
AI Analysis | Feedback
RenX Enterprises Corp. (symbol: RENX) faces several key risks to its business, primarily related to its financial stability and the successful execution of its recent strategic pivot.The most significant risk to RenX Enterprises is its financial instability and lack of profitability. Despite reporting substantial revenue growth, the company has incurred significant net losses, burning through cash at an alarming rate. It carries a high debt-to-equity ratio, indicating a substantial debt burden, and maintaining adequate liquidity and working capital remains a critical factor for its operations.
Another key risk is the potential for **share dilution**. An active S-3 resale registration for a large number of shares, coupled with concerns about prior financing-related dilution, could negatively impact the stock's value and influence its sustained strength in the market.
Finally, the company faces considerable execution and scaling risks as it shifts its strategic focus to engineered soils and renewable-material production. The success of this new direction is contingent on RenX Enterprises' ability to effectively scale its high-margin soil products, develop innovative substrate solutions, and expand its production capacity, along with achieving market acceptance for these new offerings.
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Here are 3-5 expected drivers of future revenue growth for RenX Enterprises (symbol: RENX) over the next 2-3 years:
- Strategic Pivot to Engineered Soils and Renewable-Material Production: RenX Enterprises, following its rebranding in December 2025, is strategically focused on engineered soils, renewable-material production, organics processing, and the scaled deployment of operating assets. This repositioning aims to align the company with high-margin soil products and sustainable substrates, leveraging its 80+ acre organics processing facility in Florida.
- Price Increases for Products: The company has demonstrated pricing power, as evidenced by a 25% price increase on recurring compost purchase orders at its Myakka, Florida facility, which a high-volume customer accepted without reducing order volume.
- Expansion of Operational Capacity and Efficiency: RenX Enterprises is enhancing its operational capabilities through new equipment deployments. This includes the anticipated delivery of a Micotec Mill in March 2026 and the full operation of Diamond Z and Komptech systems, all designed to boost throughput and processing capabilities for organics and renewable materials.
- Growth in Customer Acquisition and New Orders: The company has secured new purchase orders, such as wood fines orders from a large agricultural distributor, indicating an expanding customer base and increasing demand for its offerings.
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Share Repurchases
No significant share repurchase activities were reported for RenX Enterprises or its predecessor, Safe and Green Development Corporation, in the provided timeframe.
Share Issuance
- In December 2025, stockholders approved the issuance of up to 53,925,620 shares of common stock upon the conversion of Series B Preferred Stock from a private placement that closed in October 2025.
- Stockholders also approved the issuance of up to 37,190,083 shares of common stock upon the exercise of warrants issued in the same October 2025 private placement.
- Safe and Green Development Corporation (SGD) was spun off from Safe & Green Holdings Corp. in September 2023, distributing approximately 0.94 shares of SGD common stock for every five shares of SG Holdings common stock held.
Inbound Investments
- In 2024, Safe and Green Development Corporation secured up to $10 million in potential investment from Arena Investors (Arena Global), subject to certain conditions.
Outbound Investments
- In June 2025, Safe & Green Development Corp (SGD) completed the acquisition of Resource Group US Holdings LLC, marking a strategic shift towards the engineered soils and organic recycling industry.
Capital Expenditures
- In 2024, Safe and Green Development Corporation made construction progress on its Sugar Phase I development in Texas, completing the first five homes.
- In December 2025, new industrial processing equipment, including a Komptech Crambo Mobile shredder and a Diamond Z DZH6000 Series grinder, were deployed at Resource Group operations in Southwest Florida.
- A Micotec Mill is expected to be delivered for its Resource Group operations in March 2026.
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 25.12 |
| Mkt Cap | 1.1 |
| Rev LTM | 341 |
| Op Inc LTM | 78 |
| FCF LTM | 121 |
| FCF 3Y Avg | 17 |
| CFO LTM | 136 |
| CFO 3Y Avg | 53 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.4% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 14.2% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Mgn LTM | 18.4% |
| Op Mgn 3Y Avg | 16.3% |
| QoQ Delta Op Mgn LTM | -1.2% |
| CFO/Rev LTM | 17.4% |
| CFO/Rev 3Y Avg | 21.3% |
| FCF/Rev LTM | 16.8% |
| FCF/Rev 3Y Avg | 4.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.1 |
| P/S | 2.5 |
| P/EBIT | 9.3 |
| P/E | 9.8 |
| P/CFO | 13.3 |
| Total Yield | 7.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.4% |
| D/E | 0.6 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.0% |
| 3M Rtn | 1.2% |
| 6M Rtn | 5.4% |
| 12M Rtn | -1.4% |
| 3Y Rtn | 57.6% |
| 1M Excs Rtn | 5.2% |
| 3M Excs Rtn | 0.4% |
| 6M Excs Rtn | -4.3% |
| 12M Excs Rtn | -17.9% |
| 3Y Excs Rtn | -16.0% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 09/12/2023 | 10-12B/A |
| 03/31/2023 | 08/10/2023 | 10-12B/A |
| 09/30/2022 | 02/06/2023 | 10-12B/A |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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