Ridgetech (RDGT) Payables (2021 - 2026)
Ridgetech (RDGT) posted Payables of $22.8 million for Q1 2026, down 14.06% on a QoQ basis from $26.5 million in Q3 2025, and down 24.2% year-over-year from $30.1 million in Q1 2025.
Analysis
Ridgetech (RDGT) Payables (2021 - 2026) Analysis & Trends
Ridgetech has reported Payables for 6 years, with the latest figure at $22.8 million in Q1 2026.
- On a quarterly basis, Payables fell 24.2% year-over-year to $22.8 million in Q1 2026; TTM through Mar 2026 was $22.8 million, a 24.2% decrease from a year earlier, with the FY2026 full-year figure at $22.8 million, down 24.2% from the prior year.
- Payables was $22.8 million for Q1 2026 at Ridgetech, down from $26.5 million in the prior quarter.
- The five-year high for Payables was $58.9 million in Q3 2023, with the low at $11.6 million in Q3 2024.
- Average Payables over 5 years is $34.1 million, with a median of $27.3 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Payables plunged 80.31% in 2024, then jumped 128.43% in 2025.
- Over 5 years, Payables stood at $56.8 million in 2022, then climbed by 3.65% to $58.9 million in 2023, then slumped by 80.31% to $11.6 million in 2024, then surged by 128.43% to $26.5 million in 2025, then retreated by 14.06% to $22.8 million in 2026.
- The last three Payables figures came in at $22.8 million (Q1 2026), $26.5 million (Q3 2025), and $30.1 million (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 104.59 Bn | 99.42 Bn | 3.69 Bn | 63.73 Bn |
| 2 | Cencora | 62.07 Bn | 59.25 Bn | 3.61 Bn | 54.70 Bn |
| 3 | Cardinal Health | 55.70 Bn | 50.84 Bn | 2.56 Bn | 38.28 Bn |
| 4 | Henry Schein | 9.91 Bn | 9.75 Bn | 1.10 Bn | 2.16 Bn |
| 5 | ZeroStack | 48.41 Mn | 45.45 Mn | 1.62 Mn | 2.18 Mn |
| 6 | 111 | 30.02 Mn | -24.35 Mn | 18.18 Mn | 212.25 Mn |
| 7 | Guardian Pharmacy Services | 5.58 Mn | -84.23 Mn | 80.04 Mn | 108.21 Mn |
| 8 | Ridgetech | 4.83 Mn | -13.18 Mn | - | 22.78 Mn |
| 9 | DataMeds AI | 1.85 Mn | 1.80 Mn | 170,221.00 | 11.98 Mn |
| 10 | MedWellAI | 1.47 Mn | 1.32 Mn | - | 566,957.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 22.78 Mn |
| Sep 30, 2025 | 26.51 Mn |
| Mar 31, 2025 | 30.05 Mn |
| Sep 30, 2024 | 11.60 Mn |
| Mar 31, 2024 | 16.48 Mn |
| Sep 30, 2023 | 58.92 Mn |
| Mar 31, 2023 | 56.25 Mn |
| Sep 30, 2022 | 56.85 Mn |
| Mar 31, 2022 | 27.33 Mn |
| Sep 30, 2021 | 64.13 Mn |
| Mar 31, 2021 | 55.56 Mn |