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RCATRed Cat Holdings, Inc.
$4.04$553M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
RCAT logo

Red Cat Holdings, Inc.

RCAT
NASDAQ · Drones & eVTOL
$4.04
At close - Nov 6, 4:00 PM EST - USD
Market Cap$553M
P/E-5.5x
52W High$18.78
Volume7.59M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

Revenue Surge Masks Persistent Cash Burn

Red Cat Holdings has achieved explosive revenue growth, with TTM revenue up 459.8% YoY to $40.7M, driven by government orders. However, the company remains deeply unprofitable, with gross margins near zero (3.1% TTM) and operating losses of $27.3M in 2027Q1.

GrowthAccelerating
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

RCAT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

0/12 Beats

EPS beat 0 of last 12 quarters

02

Valuation risk

-124% Peers

P/E is 124% below peer median

03

Market leadership

RS 8 · Lag

Laggard (Underperforming 92% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
RCAT-55.90%
S&P 500 (^GSPC)+7.63%
1-Year Return
RCAT-53.13%
S&P 500 (^GSPC)+9.69%
3-Year Return
RCAT+318.65%
S&P 500 (^GSPC)+109.66%
5-Year Return
RCAT+54.79%
S&P 500 (^GSPC)+84.92%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-5.5x
Forward P/E
36.7x
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-5.5x
N/A
N/A
EV/EBITDA
N/A
N/A
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$1.32-67.3%
Base (Fair)$1.82-78.3%
Bull$1.36-66.3%
$1.32 Bear$1.82 Base$1.36 Bull
Current Market Price: $4.04
Trades at a 122.0% premium to Base DCF ($1.82)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$41M+459.8% YoY
Net income FY26
-$72M-10.2% YoY
Free cash flow FY26
-$96M-362.7% YoY
Operating margin FY26
-163.5%+369.3 pts YoY
ROIC (FY26)-71%
Avg ROIC 5Y-45.4%
ROE (TTM)-31.4%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate0/12 (0%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
-$0.26-27.5%
vs -$0.20
$20M-10.9%
vs $23M
Q2 2026
May 7, 2026
-$0.22-57.1%
vs -$0.14
$15M-31.5%
vs $23M
Q2 2026
Mar 30, 2026
-$0.22-39.0%
vs -$0.16
$2M-96.8%
vs $51M
Q2 2026
Mar 18, 2026
-$0.17-21.4%
vs -$0.14
$10M-59.2%
vs $24M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
24/7 Wall Street·2d ago
Ondas Just Dropped 38% in a Month: Is ONDS Stock a Falling Knife or Poised for a Comeback?

A sector-wide retreat from high-beta drone and defense-tech stocks has caught Ondas (NASDAQ:ONDS), even as the company's revenue keeps growing. Ondas stock is down 38% over the past month to $4.58.

GlobeNewsWire·5d ago
Red Cat Announces Strategic Partnership with Sine Engineering to Strengthen Resilient Communications and Navigation Across Air and Maritime Systems

Collaboration brings together Ukraine-tested technology and American-made autonomous systems to advance capabilities for U.S. and allied forces Collaboration brings together Ukraine-tested technology and American-made autonomous systems to advance capabilities for U.S. and allied forces

Seeking Alpha·Oct 28, 2026
Red Cat: Interesting Acquisition, But Execution Remains The Focus

Red Cat Holdings plans to acquire Steyr Motors, aiming to expand defense manufacturing capacity and diversify revenue streams. The combined company could reach $250 million in revenue, yet cash burn and lack of order visibility raise concerns about future capital needs. Investors should brace for possible 2H revenue misses; upside exists if RCAT approaches aggressive consensus targets, with significant re-rating potential.

MarketBeat·Oct 26, 2026
5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps

The S&P 500 recently sat just 2.5% below its all-time high. Look past the index, though, and the picture gets uglier.

Filtered for Red Cat Holdings, Inc.More Headlines
04

Compare before deciding

Benchmark RCAT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Red Cat Holdings, Inc. (RCAT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RCAT logoRCATRed Cat Holdings, Inc.Current
$4.04$553.03M-5.48459.81%-215.09%-31.44%—
AVAV logoAVAVAeroVironment, Inc.
$112.76$5.71B-19.37140.89%-14.49%-6.64%—
JOBY logoJOBYJoby Aviation, Inc.
$5.93$5.83B-8.4239183.09%-462.84%-40.04%—
ACHR logoACHRArcher Aviation Inc.
$4.44$3.37B-4.34—-11589.86%-40.74%—
ONDS logoONDSOndas Holdings Inc.
$5.34$3.04B16.05605.28%96.25%18.43%—
UMAC logoUMACUnusual Machines, Inc.
$11.90$594.62M-17.96105.54%-78.99%-10.48%—

Compare RCAT vs Peers

Red Cat Holdings, Inc. (RCAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AVAV

Most directly comparable listed peer for RCAT.

Scale Benchmark

vs RTX

Larger-name benchmark to compare RCAT against a more recognizable public peer.

Peer Set

Compare Top 5

vs AVAV, JOBY, ACHR, ONDS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

RCAT SEC Filings & Documents

Red Cat Holdings, Inc. (RCAT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 22, 2026·SEC

Material company update

Jun 25, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 19, 2026·SEC

FY 2024

Aug 8, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 13, 2025·SEC

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RCAT Frequently Asked Questions

Red Cat Holdings, Inc. (RCAT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Red Cat Holdings, Inc.'s revenue?

Red Cat Holdings, Inc. (RCAT) reported $46.9M in revenue over the trailing twelve months. Revenue was $40.7M in fiscal year 2026. That is 4108% more than the $1.0M of fiscal year 2004.

How fast is Red Cat Holdings, Inc. growing?

Red Cat Holdings, Inc. (RCAT) grew revenue by 508.2% over the trailing twelve months, compared with the twelve months before.

Is RCAT profitable?

No. Red Cat Holdings, Inc. (RCAT) reported a net loss of $101.0M over the trailing twelve months.

Dividend & Returns
What is RCAT's return on equity?

Red Cat Holdings, Inc. (RCAT) had a return on equity (ROE) of -31.4% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Red Cat Holdings, Inc.'s free cash flow?

Red Cat Holdings, Inc. (RCAT) had negative free cash flow of $95.8M in fiscal year 2026.

What if you invested $1,000 in RCAT back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

See returns →