Red Cat Holdings, Inc. (RCAT) quarterly income statement — complete revenue, gross profit & net income history
Red Cat Holdings, Inc. (RCAT) annual income statement — 23-year revenue, gross profit & net income history
| Metric | Q2'27 | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|
| Sales/Revenue | 20.19M | 15.47M | 1.63M | 26.23M | 9.65M | 3.22M | 1.63M | 1.33M | 1.53M | 2.78M | 6.61M | 5.85M | 3.93M | 1.75M | 1.08M | 1.67M | 747.61K | 1.13M | 1.31M | 1.86M |
| Revenue Growth % | 109.29% | 380.68% | -0.04% | - | 528.54% | 15.92% | -75.36% | -77.18% | -60.96% | 58.83% | 512.98% | 250.66% | 425.79% | 55.18% | -17.77% | -10.18% | -59.88% | -19.34% | -30.11% | -13.48% |
| Cost of Goods Sold | 16.93M | 13.51M | 2.48M | 25.12M | 9.01M | 2.84M | 2.48M | 2.01M | 1.56M | 3.26M | 5.49M | 4.75M | 2.73M | 1.57M | 2.02M | 1.76M | 623.76K | 1.04M | 981.47K | 1.52M |
| COGS % of Revenue | 83.85% | 87.3% | 152.27% | 95.76% | 93.39% | 88.35% | 152.18% | 150.72% | 101.53% | 117.41% | 83.05% | 81.16% | 69.46% | 90.01% | 187.43% | 105.81% | 83.43% | 92.71% | 74.79% | 81.7% |
| Gross Profit | 3.26M | 1.97M | -851.56K | 1.11M | 637.5K | 375.05K | -850.41K | -676.83K | -23.48K | -483.39K | 1.12M | 1.1M | 1.2M | 174.66K | -943.35K | -96.93K | 123.85K | 82.12K | 330.75K | 339.78K |
| Gross Margin % | 16.15% | 12.7% | -52.27% | 4.24% | 6.61% | 11.65% | -52.18% | -50.72% | -1.53% | -17.41% | 16.95% | 18.84% | 30.54% | 9.99% | -87.43% | -5.81% | 16.57% | 7.29% | 25.21% | 18.3% |
| Gross Profit Growth % | 411.37% | 423.92% | -0.13% | - | 2815.66% | 177.59% | -175.85% | -161.44% | -101.96% | -376.75% | 218.85% | 1236.55% | 869.38% | 112.69% | -385.22% | -128.53% | -18.83% | -19.81% | 10.71% | -40.36% |
| Operating Expenses | 41.91M | 29.27M | 11.63M | 25.05M | 18.17M | 13.02M | 11.63M | 8.76M | 9.09M | 7.24M | 7.16M | 5.55M | 6.09M | 5.51M | 10.38M | 5.09M | 6.47M | 3.56M | 5.73M | 3.5M |
| OpEx % of Revenue | 207.56% | 189.17% | 713.79% | 95.49% | 188.35% | 404.58% | 713.51% | 656.64% | 592.48% | 260.9% | 108.32% | 94.89% | 155% | 314.97% | 962.07% | 305.04% | 866.04% | 316.11% | 436.63% | 188.69% |
| Selling, General & Admin | 27.69M | 21.3M | 8.2M | 20.16M | 12.2M | 9.42M | 8.2M | 6.09M | 6.86M | 5.52M | 7.44M | 2.9M | 3.87M | 4.15M | 8.86M | 3.2M | 3.63M | 2.22M | 3.65M | 2.36M |
| SG&A % of Revenue | 137.13% | 137.64% | 503.07% | 76.85% | 126.48% | 292.78% | 502.88% | 456.38% | 447.08% | 198.97% | 112.54% | 49.53% | 98.47% | 237.54% | 820.68% | 191.99% | 484.99% | 197.49% | 278.47% | 126.99% |
| Research & Development | 14.22M | 7.97M | 3.43M | 4.89M | 5.97M | 3.6M | 3.43M | 2.63M | 2.23M | 1.63M | 846.11K | 2.13M | 2.22M | 1.48M | 2.4M | 1.22M | 1.27M | 449.96K | 1.06M | 811.29K |
| R&D % of Revenue | 70.43% | 51.53% | 210.71% | 18.64% | 61.87% | 111.8% | 210.63% | 196.77% | 145.4% | 58.58% | 12.79% | 36.34% | 56.53% | 84.72% | 222.12% | 73.26% | 169.47% | 39.94% | 80.56% | 43.69% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46.53K | 0 | 93.05K | -1000K | 527.45K | 0 | -127.42K | -871.09K | 663.67K | 1000K | 886.3K | 1000K | 334.28K |
| Operating Income | -38.65M | -27.3M | -12.48M | -23.94M | -17.53M | -12.65M | -12.48M | -9.44M | -9.12M | -7.73M | -6.04M | -4.45M | -4.89M | -5.33M | -11.32M | -5.18M | -6.35M | -3.48M | -5.4M | -3.16M |
| Operating Margin % | -191.42% | -176.47% | -766.06% | -91.25% | -181.74% | -392.92% | -765.69% | -707.35% | -594.01% | -278.31% | -91.37% | -76.05% | -124.46% | -304.98% | -1049.5% | -310.86% | -849.48% | -308.82% | -411.43% | -170.39% |
| Operating Income Growth % | -120.44% | -115.88% | -0.01% | - | -92.3% | -63.66% | -106.48% | -112.26% | -86.34% | -44.94% | 46.63% | 14.21% | 22.97% | -53.25% | -109.75% | -63.86% | -130.09% | -107.13% | -88.99% | -175.86% |
| EBITDA | -36.36M | -25.83M | -11.67M | -23.33M | -16.99M | -12.12M | -11.89M | -8.75M | -8.74M | -7.25M | -5.63M | -4.1M | -4.55M | -5.01M | -10.96M | -4.89M | -6.12M | -3.39M | -5.2M | -3.13M |
| EBITDA Margin % | -180.1% | -166.96% | -716.21% | -88.92% | -176.12% | -376.65% | -729.64% | -655.99% | -569.76% | -261.24% | -85.12% | -70.05% | -115.84% | -286.77% | -1016.21% | -293.15% | -819.09% | -301.32% | -396.34% | -168.84% |
| EBITDA Growth % | -114.03% | -113.07% | 1.88% | - | -94.29% | -67.13% | -111.21% | -113.71% | -92.03% | -44.69% | 48.66% | 16.21% | 25.64% | -47.68% | -110.83% | -55.94% | -123.62% | -104.09% | -84.08% | -174.69% |
| D&A (Non-Cash Add-back) | 2.28M | 1.47M | 812K | 611K | 542.32K | 523.84K | 587.55K | 685.45K | 372.23K | 474.05K | 413.62K | 350.89K | 338.8K | 318.37K | 359.17K | 295.31K | 227.16K | 84.43K | 197.94K | 28.76K |
| EBIT | -35.24M | -27.84M | -23.12M | -23.94M | -17.53M | -12.65M | -12.48M | -9.39M | -13.33M | -7.63M | -5.4M | -4.17M | -4.89M | -5.33M | -8.5M | -5.31M | -5.8M | -3.56M | -5.4M | -2.52M |
| Net Interest Income | 1.93M | 1.29M | -2.66M | 1.73M | 771.1K | 155.3K | 54.52K | 45.75K | 14.63K | 24.55K | -12.49K | -15.51K | -19.7K | -21.86K | -25.16K | -28.67K | -32.48K | -35.69K | -38.01K | -46.6K |
| Interest Income | 1.93M | 1.29M | -2.66M | 1.73M | 771.1K | 155.3K | 54.52K | 45.75K | 14.63K | 24.55K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.49K | 15.51K | 19.7K | 21.86K | 25.16K | 28.67K | 32.48K | 35.69K | 38.01K | 46.6K |
| Other Income/Expense | 3.41M | 754K | -10.64M | 4.03M | 2.21M | -632.41K | -10.65M | -4.58M | -4.22M | -4.69M | 635.68K | 258.01K | -352.02K | -262.89K | -293.58K | -151.82K | 519.81K | -113.23K | 572.88K | 598.9K |
| Pretax Income | -35.24M | -26.55M | -23.12M | -19.91M | -15.32M | -13.28M | -23.12M | -14.02M | -13.33M | -12.42M | -5.41M | -4.19M | -5.24M | -5.59M | -11.62M | -5.34M | -5.83M | -3.59M | -4.83M | -2.56M |
| Pretax Margin % | -174.53% | -171.6% | -1419.5% | -75.88% | -158.84% | -412.57% | -1418.9% | -1050.61% | -868.86% | -447.19% | -81.76% | -71.64% | -133.41% | -320.02% | -1076.71% | -319.96% | -779.95% | -318.87% | -367.77% | -138.13% |
| Income Tax | 23K | 5K | -562 | -251K | 694.56K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.07% | -0.02% | 0% | 1.26% | -4.53% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -35.26M | -26.55M | -23.12M | -19.66M | -16.02M | -13.28M | -23.12M | -16.55M | -13.33M | -12.42M | -6.78M | -5.49M | -5.84M | -5.84M | -12.38M | -5.67M | -6.24M | -3.81M | -4.83M | -2.56M |
| Net Margin % | -174.64% | -171.63% | -1419.47% | -74.92% | -166.04% | -412.57% | -1418.9% | -1239.88% | -868.86% | -447.19% | -102.53% | -93.85% | -148.66% | -333.89% | -1147.83% | -339.75% | -835.26% | -338.34% | -367.77% | -138.13% |
| Net Income Growth % | -120.14% | -99.96% | -0% | - | -20.11% | -6.95% | -241% | -201.48% | -128.18% | -112.72% | 45.25% | 3.13% | 6.42% | -53.13% | -156.63% | -120.91% | -127.85% | -144.68% | -53.38% | 71.45% |
| Net Income (Continuing) | -35.26M | -26.55M | -23.12M | -19.66M | -16.02M | -13.28M | -23.12M | -14.02M | -13.33M | -12.42M | -5.41M | -4.19M | -5.24M | -5.59M | -11.62M | -5.34M | -5.83M | -3.59M | -4.83M | -2.56M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | -1000K | -1000K | -599.51K | -242.57K | -767.41K | -330.08K | -413.5K | -219.4K | 0 | 0 |
| Minority Interest | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.26 | -0.22 | -0.22 | -0.16 | -0.16 | -0.15 | -0.27 | -0.24 | -0.17 | -0.17 | -0.10 | -0.10 | -0.10 | -0.11 | -0.21 | -0.10 | -0.12 | -0.07 | -0.08 | -0.05 |
| EPS Growth % | -62.5% | -46.67% | 18.52% | - | 5.88% | 11.76% | -183.61% | -143.41% | -70% | -54.55% | 54.67% | 1.4% | 16.67% | -50.68% | -162.17% | -108.77% | -128.14% | -59.74% | 27.18% | 85.91% |
| EPS (Basic) | -0.26 | -0.22 | -0.22 | -0.16 | -0.16 | -0.15 | -0.27 | -0.24 | -0.17 | -0.17 | -0.10 | -0.10 | -0.10 | -0.11 | -0.21 | -0.10 | -0.12 | -0.07 | -0.08 | -0.05 |
| Diluted Shares Outstanding | 136.89M | 136.89M | 119.44M | 119.44M | 99.58M | 91.3M | 85.51M | 85.51M | 76.18M | 74.5M | 74.29M | 55.69M | 55.61M | 54.94M | 54.57M | 54.29M | 54.08M | 53.78M | 53.07M | 53.59M |
| Basic Shares Outstanding | 136.89M | 136.89M | 119.44M | 119.44M | 99.58M | 91.3M | 85.51M | 85.51M | 76.18M | 74.5M | 74.29M | 55.69M | 55.61M | 54.94M | 54.57M | 54.29M | 54.08M | 53.78M | 53.07M | 53.59M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |