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RCATRed Cat Holdings, Inc.
$6.94$839M
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 · Computer Hardware
$6.94
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$839M
P/E-11.6x
52W High$18.78
Volume9.88M
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. T...

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

-135% Peers

P/E is 135% below peer median

03

Market leadership

RS 12 · Lag

Laggard (Underperforming 88% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
RCAT-24.24%
S&P 500 (^GSPC)+13.20%
1-Year Return
RCAT-38.69%
S&P 500 (^GSPC)+15.98%
3-Year Return
RCAT+633.15%
S&P 500 (^GSPC)+83.89%
5-Year Return
RCAT+212.61%
S&P 500 (^GSPC)+68.27%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-11.6x
Forward P/E
63.1x
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
-11.6x
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$1.32-81.0%
Base (Fair)$1.82-78.3%
Bull$1.36-80.4%
$1.32 Bear$1.82 Base$1.36 Bull
Current Market Price: $6.94
Trades at a 281.3% premium to Base DCF ($1.82)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$41M+459.8% YoY
Net income
-$72M-10.2% YoY
Free cash flow
-$96M-362.7% YoY
Operating margin
-163.5%+369.3 pts YoY
ROIC (TTM)-71%
Avg ROIC 5Y-
ROE (TTM)-48.7%
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 Rate2/12 (17%)
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

5 Stories
Benzinga·Sep 15, 2026
Red Cat Stock Rises, Long-Term Slide Persists: What's Going On Today?

Red Cat Holdings Inc. (NASDAQ:RCAT) shares are trading higher Tuesday, even as the stock remains stuck in a longer-term downtrend following the drone maker's second-quarter earnings miss. Here's what you should know.

MarketBeat·Sep 15, 2026
3 Defense Stocks Riding the High-Energy Laser Boom

A science-fiction future is becoming increasingly possible in the present, thanks to rapid advancements in high-energy lasers for military and defense applications. Thanks to major gains in fiber laser technology, tracking, optics, and thermal management, these tools are becoming a reality as potential counter-drone measures, with other applications on the way.

The Motley Fool·Sep 9, 2026
Red Cat Holdings Director Sells 65,000 Shares for $552,500

The transaction was valued at $552,500. Liuzza traded shares equal to 13% of the direct equity stake held before the filing.

24/7 Wall Street·Sep 9, 2026
Drone Stocks Slide as Risk-Off Sentiment Hits High-Beta Names: AeroVironment Sinks 4%, Red Cat Drops 3%, Ondas Eases

AeroVironment (NASDAQ:AVAV | AVAV Price Prediction) stock is down 4% to $142.

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
$6.94$838.67M-11.57459.81%-176.96%-48.71%—
AVAV logoAVAVAeroVironment, Inc.
$156.15$7.9B-28.92140.89%-10.13%-4.64%—
JOBY logoJOBYJoby Aviation, Inc.
$6.44$6.33B-5.7039183.09%-755.11%-58.25%—
ACHR logoACHRArcher Aviation Inc.
$5.69$4.32B-5.75—-11589.86%-40.74%—
ONDS logoONDSOndas Holdings Inc.
$7.72$4.4B-12.45605.28%96.25%18.43%—
UMAC logoUMACUnusual Machines, Inc.
$24.03$1.17B-32.47105.54%-20.29%-0.01%—

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 $38.0M in revenue for fiscal year 2026. This represents a 3824% increase from $1.0M in 2004.

How fast is Red Cat Holdings, Inc. growing?

Red Cat Holdings, Inc. (RCAT) grew revenue by 459.8% over the past year. This is strong growth.

Is RCAT profitable?

Red Cat Holdings, Inc. (RCAT) reported a net loss of $71.9M for fiscal year 2026.

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

Red Cat Holdings, Inc. (RCAT) has a return on equity (ROE) of -48.7%. Negative ROE indicates the company is unprofitable.

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

Red Cat Holdings, Inc. (RCAT) had negative free cash flow of $153.6M in fiscal year 2026, likely due to heavy capital investments.

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

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

See returns →