8-K Announcements
6Material company update
Mar 31, 2026·SEC
Material company update
Mar 18, 2026·SEC
Material company update
Jan 13, 2026·SEC
Red Cat Holdings, Inc.(RCAT)Earnings, Financials & Key Ratios
RCAT•NASDAQ
$10.62
$1.05B mkt cap·Price updated May 6, 2026
AboutRed Cat Holdings, Inc., through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available. In addition, it is involved in the sales of FPV drones and equipment primarily to the consumer marketplace. Red Cat Holdings, Inc.is based in San Juan, Puerto Rico.Show more
- Revenue$41M+459.8%
- EBITDA-$64M-75.6%
- Net Income-$72M-10.2%
- EPS (Diluted)-0.60+29.4%
- Gross Margin3.13%+111.2%
- EBITDA Margin-157.95%+68.6%
- Operating Margin-163.51%+69.3%
- Net Margin-176.96%+80.3%
- ROE-48.71%+65.1%
- ROIC-71.03%-2.6%
- Debt/Equity0.07+14.8%
RCAT Key Insights
Red Cat Holdings, Inc. (RCAT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 52.1%
✗Weaknesses
- ✗Profits declining 40.3% over 5 years
- ✗Negative free cash flow
- ✗Shares diluted 55.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
RCAT Price & Volume
Red Cat Holdings, Inc. (RCAT) stock price & volume — 10-year historical chart
Loading chart...
RCAT Growth Metrics
Red Cat Holdings, Inc. (RCAT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years139.72%
5 Years52.12%
3 Years106.57%
TTM239.87%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM18.62%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM29.55%
Return on Capital
10 Years-166.24%
5 Years-45.45%
3 Years-52.87%
Last Year-42.93%
RCAT Recent Earnings
Red Cat Holdings, Inc. (RCAT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
Mar 18, 2026EPS
$0.17
Est $0.14
-21.4%
Revenue
$10M
Est $24M
-59.2%
Q4 2025
Nov 13, 2025EPS
$0.16
Est $0.09
-73.3%
Revenue
$10M
Est $21M
-53.9%
Q3 2025
Aug 14, 2025EPS
$0.14
Est $0.12
-21.7%
Revenue
$3M
Est $8M
-58.3%
Q2 2025
May 14, 2025EPS
$0.14
Est $0.10
-33.3%
Revenue
$2M
Est $8M
-78.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 18, 2026 | $0.17vs $0.14-21.4% | $10Mvs $24M-59.2% |
| Q4 2025 | Nov 13, 2025 | $0.16vs $0.09-73.3% | $10Mvs $21M-53.9% |
| Q3 2025 | Aug 14, 2025 | $0.14vs $0.12-21.7% | $3Mvs $8M-58.3% |
| Q2 2025 | May 14, 2025 | $0.14vs $0.10-33.3% | $2Mvs $8M-78.9% |
Based on last 12 quarters of dataView full earnings history →
RCAT Peer Comparison
Red Cat Holdings, Inc. (RCAT) competitors in Drones and Unmanned Systems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AVAV | 8.71B | 174.37 | 112.50 | 14.5% | -13.93% | -6.41% | 0.07 | |
 JOBY | 10.34B | 10.52 | -9.31 | 391.83% | -12.33% | -74.18% | 0.04 | |
 ACHR | 4.77B | 6.41 | -6.47 | -2060.67% | -37.76% | 0.02 | ||
 ONDS | 653.03M | 9.34 | -15.31 | -54.16% | -172.49% | -8.36% | 1.68 | |
 UMAC | 450.17M | 14.26 | -19.27 | 101.23% | -22.05% | 0.02 | ||
 KTOS | 11.53B | 61.52 | 473.23 | 18.52% | 2.08% | 1.26% | 0.09 | |
 AIR | 4.7B | 118.71 | 339.17 | 19.91% | 5.46% | 12.07% | 0.86 | |
 TDY | 29.83B | 644.13 | 34.12 | 7.86% | 15.15% | 8.94% | 0.25 |
Compare RCAT vs Peers
Red Cat Holdings, Inc. (RCAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RCAT Income Statement
Red Cat Holdings, Inc. (RCAT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Apr'19 | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | Mar'25 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 933 | 105.13K | 403.94K | 5M | 6.43M | 4.62M | 17.84M | 7.28M | 40.73M | 25.73M |
| Revenue Growth % | -99.54% | 11167.85% | 284.23% | 1137.69% | 28.59% | -28.12% | 286% | -59.21% | 459.81% | 239.87% |
| Cost of Goods Sold | 280 | 351.84K | 325.38K | 3.93M | 5.5M | 5.46M | 14.16M | 9.31M | 39.45M | 39.45M |
| COGS % of Revenue | 30.01% | 334.68% | 80.55% | 78.6% | 85.6% | 118.06% | 79.36% | 127.96% | 96.87% | - |
| Gross Profit | 653▲ 0% | -246.71K▼ 37881.6% | 78.56K▲ 131.8% | 1.07M▲ 1261.6% | 925.51K▼ 13.5% | -834.31K▼ 190.1% | 3.68M▲ 541.1% | -2.03M▼ 155.3% | 1.27M▲ 162.6% | 2.03M▲ 0% |
| Gross Margin % | 69.99% | -234.68% | 19.45% | 21.4% | 14.4% | -18.06% | 20.64% | -27.96% | 3.13% | 7.87% |
| Gross Profit Growth % | -99.33% | -37881.62% | 131.84% | 1261.6% | -13.48% | -190.15% | 541.15% | -155.27% | 162.63% | - |
| Operating Expenses | 2.69M | 1.98M | 1.71M | 5.95M | 13.93M | 25.5M | 21.56M | 36.73M | 67.87M | 67.87M |
| OpEx % of Revenue | 288191.21% | 1885.11% | 422.96% | 118.94% | 216.64% | 551.92% | 120.86% | 504.82% | 166.64% | - |
| Selling, General & Admin | 1.64M | 384.74K | 1.22M | 4.84M | 9.97M | 16.82M | 15.25M | 26.67M | 49.98M | 49.98M |
| SG&A % of Revenue | 175777.92% | 365.97% | 301.91% | 96.81% | 155.04% | 363.93% | 85.49% | 366.6% | 122.72% | - |
| Research & Development | 993.93K | 366.59K | 488.99K | 516.08K | 2.61M | 5.86M | 6.29M | 9.92M | 17.89M | 17.89M |
| R&D % of Revenue | 106530.98% | 348.7% | 121.06% | 10.32% | 40.54% | 126.82% | 35.27% | 136.3% | 43.92% | - |
| Other Operating Expenses | 54.88K | 1.23M | 0 | 590.34K | 1.35M | 2.83M | 17.89K | 139.58K | 0 | 0 |
| Operating Income | -185.4K▲ 0% | -2.23M▼ 1102.0% | -1.63M▲ 26.9% | -4.88M▼ 199.2% | -13M▼ 166.6% | -26.34M▼ 102.6% | -17.88M▲ 32.1% | -38.76M▼ 116.8% | -66.6M▼ 71.8% | -60.36M▲ 0% |
| Operating Margin % | -19871.7% | -2119.78% | -403.52% | -97.54% | -202.25% | -569.98% | -100.22% | -532.78% | -163.51% | -234.57% |
| Operating Income Growth % | 87.23% | -1101.98% | 26.86% | -199.19% | -166.63% | -102.56% | 32.13% | -116.84% | -71.81% | - |
| EBITDA | -172.8K | -2.07M | -1.57M | -4.84M | -12.74M | -25.37M | -16.45M | -36.64M | -64.33M | -58.22M |
| EBITDA Margin % | -18520.47% | -1972.62% | -389.35% | -96.8% | -198.13% | -549.07% | -92.24% | -503.65% | -157.95% | -226.28% |
| EBITDA Growth % | 88% | -1100.14% | 24.16% | -207.73% | -163.18% | -99.19% | 35.15% | -122.71% | -75.57% | -46.37% |
| D&A (Non-Cash Add-back) | 12.61K | 154.71K | 0 | 36.83K | 264.8K | 966.07K | 1.42M | 2.12M | 2.27M | 2.26M |
| EBIT | 3.1M | -2.23M | -1.57M | -12.01M | -11.54M | -23.51M | -17.46M | -38.62M | -66.6M | -66.6M |
| Net Interest Income | -376.08K | -489.59K | -29.19K | -1.22M | -147.72K | -122K | -68.61K | 84.94K | 0 | 1.85M |
| Interest Income | 0 | 10.59K | 0 | 0 | 0 | 0 | 0 | 84.94K | 0 | 2.71M |
| Interest Expense | 376.08K | 500.18K | 29.19K | 1.22M | 147.72K | 122K | 68.61K | 0 | 0 | 0 |
| Other Income/Expense | 0 | -1.09M | 28.03K | -8.36M | 1.31M | -38.81K | -3.65M | -26.66M | -5.04M | -5.04M |
| Pretax Income | -185.4K▲ 0% | -3.31M▼ 1687.2% | -1.6M▲ 51.7% | -13.24M▼ 726.3% | -11.69M▲ 11.7% | -26.38M▼ 125.7% | -21.53M▲ 18.4% | -65.42M▼ 203.9% | -71.63M▼ 9.5% | -71.63M▲ 0% |
| Pretax Margin % | -19871.7% | -3151.9% | -396.58% | -264.75% | -181.82% | -570.82% | -120.69% | -899.2% | -175.87% | -278.4% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 443K | 443.56K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -0.62% | -0.62% |
| Net Income | 1.13M▲ 0% | -751.33K▼ 166.6% | -1.6M▼ 113.2% | -13.24M▼ 726.3% | -11.69M▲ 11.7% | -28.11M▼ 140.5% | -24.05M▲ 14.4% | -65.42M▼ 172.0% | -72.08M▼ 10.2% | -58.59M▲ 0% |
| Net Margin % | 120988.96% | -714.68% | -396.58% | -264.75% | -181.82% | -608.27% | -134.85% | -899.2% | -176.96% | -227.71% |
| Net Income Growth % | 133.43% | -166.56% | -113.21% | -726.26% | 11.69% | -140.45% | 14.42% | -171.99% | -10.17% | 18.62% |
| Net Income (Continuing) | -185.4K | -3.31M | -1.6M | -13.24M | -11.69M | -26.38M | -21.53M | -65.42M | -72.08M | -72.07M |
| Discontinued Operations | -1.63M | 0 | 0 | 0 | 0 | -1.73M | -2.53M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 19.43▲ 0% | -2.63▼ 113.5% | -0.12▲ 95.4% | -0.56▼ 366.7% | -0.24▲ 57.1% | -0.49▼ 104.2% | -0.40▲ 18.4% | -0.85▼ 112.5% | -0.60▲ 29.4% | -0.59▲ 0% |
| EPS Growth % | 113.49% | -113.54% | 95.44% | -366.67% | 57.14% | -104.17% | 18.37% | -112.5% | 29.41% | 29.55% |
| EPS (Basic) | 29.18 | -2.70 | -0.12 | -0.56 | -0.24 | -0.49 | -0.40 | -0.85 | -0.60 | - |
| Diluted Shares Outstanding | 58.08K | 285.35K | 13.73M | 23.66M | 48.22M | 53.86M | 60.12M | 77.04M | 119.44M | 119.44M |
| Basic Shares Outstanding | 38.67K | 277.93K | 13.73M | 23.66M | 48.22M | 53.86M | 60.12M | 77.04M | 119.44M | 119.44M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
RCAT Balance Sheet
Red Cat Holdings, Inc. (RCAT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Apr'19 | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | Mar'25 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 690.52K | 603.44K | 318.34K | 1.64M | 55.65M | 32.18M | 22.4M | 25.8M | 226.94M | 226.94M |
| Cash & Short-Term Investments | 559.24K | 503.44K | 236.67K | 277.35K | 48.88M | 15.99M | 6.07M | 9.15M | 167.87M | 167.87M |
| Cash Only | 559.24K | 503.44K | 236.67K | 277.35K | 4.08M | 3.17M | 6.07M | 9.15M | 167.87M | 167.87M |
| Short-Term Investments | 0 | 8.16K | 0 | 0 | 44.79M | 12.81M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 38 | 111.37K | 0 | 396.69K | 913.09K | 871.53K | 6.51M | 489.32K | 26.16M | 26.16M |
| Days Sales Outstanding | 14.87 | 386.66 | - | 28.96 | 51.84 | 68.84 | 133.3 | 24.55 | 234.39 | 123.52 |
| Inventory | 0 | -11.37K | 78.65K | 362.07K | 3.9M | 8.92M | 8.01M | 13.59M | 23.45M | 23.45M |
| Days Inventory Outstanding | - | - | 88.23 | 33.63 | 258.38 | 596.87 | 206.46 | 532.94 | 216.96 | 176.05 |
| Other Current Assets | 0 | 0 | 3.02K | 9.37K | 0 | 5.28M | 0 | 0 | 2.52M | 0 |
| Total Non-Current Assets | 59.63K | 91.68K | 2.49M | 10.05M | 29.43M | 28.57M | 26.14M | 29.81M | 46.74M | 50.67M |
| Property, Plant & Equipment | 26.13K | 91.68K | 0 | 0 | 1.53M | 4.25M | 3.82M | 3.37M | 20.92M | 20.92M |
| Fixed Asset Turnover | 0.04x | 1.15x | - | - | 4.20x | 1.09x | 4.67x | 2.16x | 1.95x | 2.56x |
| Goodwill | 0 | 12.86K | 2.47M | 8.02M | 25.14M | 17.01M | 9.09M | 17.67M | 17.67M | 17.67M |
| Intangible Assets | 0 | 0 | 20K | 2.03M | 2.7M | 6.89M | 3.79M | 8.45M | 6.92M | 6.92M |
| Long-Term Investments | -13.9K | 0 | 0 | 0 | 0 | 250K | 5.14M | 5.14M | 692K | 750K |
| Other Non-Current Assets | 47.41K | -12.86K | 3.85K | 3.85K | 57.03K | 161.58K | 4.29M | -4.83M | 535K | 2.39M |
| Total Assets | 750.15K▲ 0% | 603.44K▼ 19.6% | 2.81M▲ 365.4% | 11.69M▲ 316.4% | 85.08M▲ 627.6% | 60.74M▼ 28.6% | 48.54M▼ 20.1% | 55.6M▲ 14.6% | 273.68M▲ 392.2% | 277.61M▲ 0% |
| Asset Turnover | 0.00x | 0.17x | 0.14x | 0.43x | 0.08x | 0.08x | 0.37x | 0.13x | 0.15x | 0.14x |
| Asset Growth % | 28.59% | -19.56% | 365.38% | 316.39% | 627.58% | -28.6% | -20.09% | 14.56% | 392.19% | 622.55% |
| Total Current Liabilities | 2.41M | 790.71K | 829.27K | 4.67M | 5.44M | 4.05M | 3.65M | 4.18M | 14.85M | 14.85M |
| Accounts Payable | 144.66K | 20.89K | 249.05K | 541.9K | 1.02M | 1.39M | 1.58M | 2.05M | 3.62M | 3.62M |
| Days Payables Outstanding | 188.57K | 21.68 | 279.38 | 50.33 | 67.57 | 93.17 | 40.75 | 80.36 | 33.48 | 22.19 |
| Short-Term Debt | 1.46M | 2.06M | 118.77K | 269.05K | 956.9K | 922.14K | 751.57K | 661.53K | 4.87M | 5.88M |
| Deferred Revenue (Current) | 438.71K | 0 | 38.42K | 46.1K | 437.93K | 155.99K | 0 | 0 | 261K | 1.25M |
| Other Current Liabilities | 71.71K | -1.89M | 333.68K | 2.81M | 1.65M | 1.01M | 53.94K | 227.48K | 0 | 5.35M |
| Current Ratio | 0.29x | 0.76x | 0.38x | 0.35x | 10.23x | 7.94x | 6.13x | 6.17x | 15.29x | 15.29x |
| Quick Ratio | 0.29x | 0.78x | 0.29x | 0.27x | 9.52x | 5.74x | 3.94x | 2.92x | 13.71x | 13.71x |
| Cash Conversion Cycle | - | - | - | 12.26 | 242.66 | 572.54 | 299.01 | 477.13 | 417.87 | 277.38 |
| Total Non-Current Liabilities | 1.7M | 79.09K | 450K | 1.75M | 1.72M | 1.93M | 1.32M | 1.31M | 13M | 16.93M |
| Long-Term Debt | 0 | 0 | 450K | 1.75M | 1.72M | 401.57K | 0 | 1.31M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 749.83K | 1.48M | 1.32M | 1.31M | 12.56M | 24.24M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 443K | 5.07M |
| Other Non-Current Liabilities | 1.7M | 79.09K | 0 | 0 | -749.83K | 41.81K | 0 | -1.31M | 0 | 0 |
| Total Liabilities | 4.11M | 790.71K | 1.28M | 6.43M | 7.16M | 5.98M | 4.97M | 5.48M | 27.84M | 31.77M |
| Total Debt | 1.56M | 2.06M | 568.77K | 2.02M | 3.72M | 2.97M | 2.27M | 3.27M | 18.43M | 18.43M |
| Net Debt | 1.01M | 1.55M | 332.1K | 1.74M | -360.76K | -208.55K | -3.8M | -5.88M | -149.43M | -149.43M |
| Debt / Equity | - | - | 0.37x | 0.38x | 0.05x | 0.05x | 0.05x | 0.07x | 0.07x | 0.07x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.32x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 2.57x |
| Interest Coverage | 8.25x | -4.46x | -53.89x | -9.82x | -78.13x | -192.71x | -254.53x | - | - | - |
| Total Equity | -3.36M▲ 0% | -187.27K▲ 94.4% | 1.53M▲ 916.5% | 5.27M▲ 244.4% | 77.92M▲ 1379.5% | 54.77M▼ 29.7% | 43.56M▼ 20.5% | 50.12M▲ 15.0% | 245.83M▲ 390.5% | 245.83M▲ 0% |
| Equity Growth % | 37.13% | 94.43% | 916.46% | 244.43% | 1379.52% | -29.71% | -20.46% | 15.05% | 390.49% | 911.76% |
| Book Value per Share | -57.84 | -0.66 | 0.11 | 0.22 | 1.62 | 1.02 | 0.72 | 0.65 | 2.06 | 2.06 |
| Total Shareholders' Equity | -3.36M | -2.78M | 1.53M | 5.27M | 77.92M | 54.77M | 43.56M | 50.12M | 245.83M | 245.83M |
| Common Stock | 47.27K | 235.46K | 20.01K | 29.43K | 53.75K | 54.57K | 74.29K | 85.22K | 120K | 120K |
| Retained Earnings | -2.74M | -5.67M | -2.57M | -15.81M | -27.5M | -57.08M | -81.13M | -124.74M | -196.82M | -196.82M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -36.91K | 1K | 0 | 0 | -1.47M | -861.12K | 4.62K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
RCAT Cash Flow Statement
Red Cat Holdings, Inc. (RCAT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Apr'19 | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | Mar'25 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.52M | -753.39K | -811.58K | -1.4M | -16.02M | -29.78M | -18.56M | -20.54M | -89.13M | -89.13M |
| Operating CF Margin % | -162690.89% | -716.63% | -200.92% | -27.98% | -249.17% | -644.5% | -104.07% | -282.26% | -218.85% | - |
| Operating CF Growth % | 4.65% | 50.37% | -7.72% | -72.38% | -1045.06% | -85.91% | 37.67% | -10.63% | -334.04% | -880.5% |
| Net Income | 1.13M | -751.33K | -1.6M | -13.24M | -11.69M | -28.11M | -24.05M | -65.42M | -72.08M | -58.59M |
| Depreciation & Amortization | 12.61K | 154.71K | 0 | 36.83K | 264.8K | 966.07K | 1.42M | 2.12M | 2.27M | 2.26M |
| Stock-Based Compensation | 0 | 70K | 269.89K | 3.39M | 3.29M | 3.7M | 3.61M | 6.15M | 10.56M | 7.26M |
| Deferred Taxes | 0 | -70K | 0 | 0 | 0 | 0 | 0 | 0 | -539K | 443K |
| Other Non-Cash Items | -3.45M | -84.71K | 204K | 8.22M | -791.73K | -614.21K | 5.13M | 36.17M | 8.23M | 10.86M |
| Working Capital Changes | 790.43K | -72.06K | 316.45K | 188.94K | -7.09M | -5.72M | -4.67M | 444.21K | -37.58M | -37.89M |
| Change in Receivables | -38 | -938 | 161.2K | -72.53K | -74.32K | -288.99K | -3.64M | 3.87M | -25.67M | -25.67M |
| Change in Inventory | 389.97K | -623.65K | 48.76K | -60.04K | -2.23M | -5.71M | 913.34K | -4.65M | -10.5M | -17.3M |
| Change in Payables | 314.12K | 20.89K | 68.07K | 13.82K | -1.17M | 434.8K | 187.87K | 467.92K | 1.57M | 1.57M |
| Cash from Investing | 86.38K | -849.81K | 46.33K | -48.37K | -46.6M | 29.59M | 13.57M | 4.24M | -6.65M | -6.65M |
| Capital Expenditures | 0 | -974.3K | 0 | 0 | -363.69K | -2.45M | -259.14K | -245.33K | -6.65M | -6.65M |
| CapEx % of Revenue | - | 926.77% | 0% | - | 5.66% | 53.03% | 1.45% | 3.37% | 16.32% | - |
| Acquisitions | 0 | 99.5K | 46.33K | -48.37K | 24.87K | 0 | 1M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 86.38K | 125K | 0 | 0 | 0 | 0 | 0 | 4.48M | 0 | 0 |
| Cash from Financing | 1.69M | 686.5K | 498.49K | 1.49M | 66.43M | -633.55K | 7.8M | 19.39M | 254.49M | 254.49M |
| Debt Issued (Net) | 1.69M | 1.24M | 346.25K | 1.29M | -929.95K | -606.9K | -572.14K | 13.06M | 13.35M | 26.13M |
| Equity Issued (Net) | 0 | 684.7K | 152.24K | 201.25K | 70.07M | 0 | -33.25K | 6.33M | 256.62M | 180.71M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -33.25K | 0 | 0 | -396.93K |
| Other Financing | 0 | -1.24M | 0 | 0 | -2.7M | -26.65K | 8.41M | 0 | -15.48M | 47.64M |
| Net Change in Cash | 253.5K▲ 0% | -66.89K▼ 126.4% | -266.77K▼ 298.8% | 40.68K▲ 115.2% | 3.81M▲ 9259.8% | -824.51K▼ 121.7% | 2.81M▲ 440.4% | 5.89M▲ 110.0% | 158.71M▲ 2592.8% | 158.71M▲ 0% |
| Free Cash Flow | -1.35M▲ 0% | -1.73M▼ 27.8% | -811.58K▲ 53.0% | -1.4M▼ 72.4% | -16.38M▼ 1071.1% | -32.23M▼ 96.7% | -18.82M▲ 41.6% | -20.7M▼ 10.0% | -95.78M▼ 362.7% | -75.45M▲ 0% |
| FCF Margin % | -144874.06% | -1643.4% | -200.92% | -27.98% | -254.83% | -697.52% | -105.52% | -284.51% | -235.17% | -293.24% |
| FCF Growth % | 15.56% | -27.82% | 53.02% | -72.38% | -1071.05% | -96.74% | 41.61% | -9.98% | -362.72% | -68.68% |
| FCF per Share | -23.27 | -6.05 | -0.06 | -0.06 | -0.34 | -0.60 | -0.31 | -0.27 | -0.80 | -0.80 |
| FCF Conversion (FCF/Net Income) | -1.34x | 1.00x | 0.51x | 0.11x | 1.37x | 1.06x | 0.77x | 0.31x | 1.24x | 1.29x |
| Interest Paid | 0 | 0 | 0 | 0 | 164.57K | 122.1K | 70.18K | 21.95K | 0 | 8.27K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
RCAT Key Ratios
Red Cat Holdings, Inc. (RCAT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -238.79% | -389.57% | -28.11% | -42.37% | -48.92% | -139.66% | -48.71% | -33.59% |
| Return on Invested Capital (ROIC) | - | - | -75.77% | -82.45% | -23.06% | -29.9% | -28.43% | -69.21% | -71.03% | -71.03% |
| Gross Margin | 69.99% | -234.68% | 19.45% | 21.4% | 14.4% | -18.06% | 20.64% | -27.96% | 3.13% | 7.87% |
| Net Margin | 120988.96% | -714.68% | -396.58% | -264.75% | -181.82% | -608.27% | -134.85% | -899.2% | -176.96% | -227.71% |
| Debt / Equity | - | - | 0.37x | 0.38x | 0.05x | 0.05x | 0.05x | 0.07x | 0.07x | 0.07x |
| Interest Coverage | 8.25x | -4.46x | -53.89x | -9.82x | -78.13x | -192.71x | -254.53x | - | - | - |
| FCF Conversion | -1.34x | 1.00x | 0.51x | 0.11x | 1.37x | 1.06x | 0.77x | 0.31x | 1.24x | 1.29x |
| Revenue Growth | -99.54% | 11167.85% | 284.23% | 1137.69% | 28.59% | -28.12% | 286% | -59.21% | 459.81% | 239.87% |
RCAT SEC Filings & Documents
Red Cat Holdings, Inc. (RCAT) SEC filings — annual & quarterly reports (10-K, 10-Q)
RCAT Frequently Asked Questions
Red Cat Holdings, Inc. (RCAT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Red Cat Holdings, Inc. (RCAT) reported $25.7M in revenue for fiscal year 2026. This represents a 2559% increase from $1.0M in 2004.
Red Cat Holdings, Inc. (RCAT) grew revenue by 459.8% over the past year. This is strong growth.
Red Cat Holdings, Inc. (RCAT) reported a net loss of $58.6M for fiscal year 2026.
Dividend & Returns
Red Cat Holdings, Inc. (RCAT) has a return on equity (ROE) of -48.7%. Negative ROE indicates the company is unprofitable.
Red Cat Holdings, Inc. (RCAT) had negative free cash flow of $75.5M in fiscal year 2026, likely due to heavy capital investments.
Explore More RCAT
Red Cat Holdings, Inc. (RCAT) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates