Monitor for completion of the Saudi-Bahrain joint venture formation and any subsequent revenue disclosures. The novation of this agreement to the JV will be a key milestone to track. Also watch for additional customer wins in the region that could validate the scalability of RedAI's go-to-market model.
Price Chart
Executive Summary
RedCloud announced its first commercial customer in Saudi Arabia, Khamis Arabia Trading Co., under a 24-month agreement for its RedAI infrastructure (RAID and CORE). The customer provided $21 million of live trade data across 540,000+ SKU-level transactions, which will be benchmarked against RedCloud's proprietary dataset of $8.4 billion in traded FMCG value. This is a notable commercial milestone that validates RedCloud's go-to-market strategy in the Middle East, though no revenue or financial terms were disclosed.
Key Facts
- First commercial customer in Saudi Arabia: Khamis Arabia Trading Co.
- Initial 24-month agreement starting June 2026, to be novated to a previously announced joint venture for Saudi Arabia and Bahrain
- Customer provided $21 million of trade data across more than 540,000 SKU-level transactions
- RedCloud's proprietary FMCG transactional dataset represents more than $8.4 billion in traded value
- CORE (Compounding Operating and Runtime Engine) launched commercially in August 2026
- Deployment aligns with Saudi Arabia's Vision 2030 digitisation agenda
Financial Impact
No revenue or financial terms disclosed; $21 million of customer trade data provided as dataset, not revenue. The agreement is a commercial proof point but lacks disclosed contract value.
Risk Factors
- No revenue or contract value disclosed — the commercial impact is unquantifiable from this filing alone
- Agreement is subject to novation to a joint venture that has not yet been formed
- Forward-looking statements about deployment success and predictive intelligence outcomes are unproven
- RedCloud is a pre-revenue or early-revenue company with limited operating history
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-047225 |
| Document: form6-k.htm | 0001493152-26-047225 |
| Document: 0001493152-26-047225-index-headers.html | 0001493152-26-047225 |
| Document: 0001493152-26-047225-index.html | 0001493152-26-047225 |
| Document: 0001493152-26-047225.txt | 0001493152-26-047225 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 6-K | $0.0819 $0.0824 | ▲ +0.61% | ▲ +0.19% | $0.0830 (+1.34%) |
Oct 15, 2026 11d ago | 6-K | $0.0890 $0.0819 | ▲ +7.98% | ▲ +6.87% | $0.0830 (+6.74%) |
Sep 30, 2026 26d ago | 6-K | $0.1948 $0.1926 | ▲ +1.13% | ▲ +1.87% | $0.0830 (+57.39%) |
Sep 30, 2026 26d ago | Press Release | $0.1940 $0.1948 | ▲ +0.41% | ▲ +0.23% | $0.0830 (−57.22%) |
Sep 30, 2026 26d ago | 6-K | $0.1940 $0.1948 | ▲ +0.41% | ▲ +0.23% | $0.0830 (−57.22%) |
Sep 22, 2026 4w ago | 6-K | $0.1940 $0.1880 | ▼ −3.09% | ▼ −3.01% | $0.0830 (−57.22%) |
Sep 22, 2026 4w ago | Press Release | $0.1900 $0.1940 | ▲ +2.11% | ▲ +2.83% | $0.0830 (−56.32%) |
Aug 17, 2026 10w ago | 6-K | $0.2010 $0.2011 | ▲ +0.05% | ▼ −0.16% | $0.0830 (−58.71%) |
Aug 10, 2026 11w ago | 6-K | $0.2279 $0.2175 | ▲ +4.56% | ▲ +4.81% | $0.0830 (+63.58%) |
Jul 6, 2026 16w ago | 6-K | $0.2393 $0.2393 | · 0.00% | ▲ +0.48% | $0.0830 (−65.32%) |
US Market Status
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