Red Cat Holdings, Inc. (RCAT) Earnings History
Net Loss23 years of earnings data (2004–2026) · Currently unprofitable on a TTM basis
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Red Cat Holdings, Inc. (RCAT) Earnings Overview
As of November 8, 2026, Red Cat Holdings, Inc. (RCAT) reported trailing twelve-month net income of -$101M, reflecting +29.4% year-over-year growth. The company earned $-0.74 per diluted share over the past four quarters, with a net profit margin of -177.0%.
Looking at the long-term picture, RCAT's historical earnings data spans multiple years. The company achieved its highest annual net income of $1M in fiscal 2016.
Red Cat Holdings, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including AVAV (-$290M net income, -13.4% margin), JOBY (-$689M net income, -1740.5% margin), ACHR (-$800M net income, -206066.7% margin), RCAT has room to improve margins relative to the peer group. Compare RCAT vs AVAV →
RCAT Earnings vs Peers
Earnings metrics vs comparable public companies
RCAT Historical Earnings Data (2004–2026)
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | -$72M | -10.2% | -$67M | $-0.60 | -177.0% | -163.5% |
| 2025 | -$65M | -172.0% | -$39M | $-0.85 | -899.2% | -532.8% |
| 2024 | -$24M | +0.0% | -$18M | $-0.40 | -134.9% | -100.2% |
| 2023 | -$24M | +14.4% | -$18M | $-0.40 | -134.9% | -100.2% |
| 2022 | -$28M | -140.5% | -$26M | $-0.49 | -608.3% | -570.0% |
| 2021 | -$12M | +11.7% | -$13M | $-0.24 | -181.8% | -202.2% |
| 2020 | -$13M | -726.3% | -$5M | $-0.56 | -264.7% | -97.5% |
| 2019 | -$2M | -113.2% | -$2M | $-0.12 | -396.6% | -403.5% |
| 2018 | $-751,332 | +77.8% | -$2M | $-2.63 | -714.7% | -2119.8% |
| 2017 | -$3M | -399.1% | -$1M | $-144.00 | -1658.2% | -713.2% |
| 2016 | $1M | +133.4% | $-185,403 | $19.43 | 120989.0% | -19871.7% |
| 2015 | -$3M | -2231.9% | -$1M | $-144.00 | -1658.2% | -713.2% |
| 2014 | $158,394 | -81.0% | $-28,076 | $1721.67 | 1870.7% | -331.6% |
| 2013 | $832,948 | +1083.0% | $-223,118 | $10045.00 | 2624.0% | -702.9% |
| 2012 | $-84,736 | -20.4% | $-84,753 | $-1059.20 | -1114.9% | -1115.2% |
| 2011 | $-70,375 | +16.3% | $-96,483 | $-890.82 | -926.0% | -1269.5% |
| 2010 | $-84,038 | -121.1% | $-84,038 | $-1077.41 | - | - |
| 2009 | $397,373 | +301.1% | $17,206 | $5094.53 | 873.3% | 37.8% |
| 2008 | $99,067 | -74.3% | $-147,583 | $1270.09 | 1303.5% | -1941.9% |
| 2007 | $385,058 | +194.2% | $-20,075 | $4936.64 | 5526.9% | -288.1% |
| 2006 | $-408,965 | -179.5% | $-385,412 | $-5243.14 | -235.2% | -221.7% |
| 2005 | $514,527 | +23.3% | $0 | $8039.48 | 58.1% | 0.0% |
| 2004 | $417,144 | - | $0 | $6517.88 | 43.1% | 0.0% |
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RCAT — Frequently Asked Questions
Quick answers to the most common questions about buying RCAT stock.
What is RCAT earnings per share (EPS)?
RCAT trailing twelve-month (TTM) diluted EPS is $-0.74, reflecting +29.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2004 to 2026 is available in the table on this page.
What is Red Cat Holdings, Inc.'s net income?
Red Cat Holdings, Inc. (RCAT) trailing twelve-month net income is $-101M as of 2026. Earnings grew +29.4% year-over-year.
Is RCAT profitable?
RCAT is not currently profitable on a TTM basis, reporting a net loss of $-101M. Net margin is -177.0%. Investors should monitor for a return to profitability.
What is RCAT's earnings growth rate?
RCAT compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2004 to 2026.
What are RCAT's profit margins?
Red Cat Holdings, Inc. net profit margin is -177.0%, operating margin is -163.5%, and gross margin is +3.1%. Below-average margins reflect competitive or cost pressures. Return on Equity is -48.7%.
Is RCAT growing earnings?
Yes, RCAT earnings are accelerating — EPS growth of +29.4% exceeds the 5-year CAGR of N/A. TTM net income reached $-101M. Earnings momentum is strengthening.
What was RCAT's best earnings year?
Red Cat Holdings, Inc.'s highest annual net income on record is $1M, achieved in fiscal year 2016. Earnings history on this page spans 2004 to 2026 and includes all annual and quarterly figures.
What were RCAT's earnings last quarter?
RCAT's most recent reported quarter was Q2 2027. Net income was $-35M with diluted EPS of $-0.26. For a full breakdown of all quarters, see the quarterly earnings table on this page.