Red Cat Holdings, Inc. (BIT:1RCAT)

Red Cat Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Revenue	12.8	17.84	4.62	6.43	5	0.4
Revenue Growth (YoY)	-28.22%	286.00%	-28.13%	28.59%	1137.69%	-
Cost of Revenue	13.03	14.16	5.46	5.5	3.93	0.33
Gross Profit	-0.23	3.68	-0.83	0.93	1.07	0.08
Selling, General & Admin	29.42	15.25	16.12	9.97	4.84	1.22
Research & Development	9.55	5.9	5.6	2.61	0.52	0.49
Other Operating Expenses	-	0.41	2.83	1.35	0.59	-
Operating Income	-39.2	-17.88	-25.37	-13	-4.88	-1.63
Interest Income	0.05	-0.65	0.08	0.36	-	-
Interest Expense	-	-0.07	-0.12	-0.15	-1.22	-0.03
Other Non-Operating Income (Expense)	-7.6	6.71	-0.04	0.21	-10.48	-0.03
Total Non-Operating Income (Expense)	-7.56	5.99	-0.08	0.42	-11.71	-0.06
Pretax Income	-46.76	-11.89	-25.45	-12.59	-16.58	-1.69
Net Income	-57.9	-24.05	-28.11	-11.69	-13.24	-1.6
Minority Interest in Earnings	0.73	11.86	-	-	-	-
Earnings From Discontinued Operations	-	-2.53	-1.73	-	-	-
Net Income to Common	-57.9	-24.05	-28.11	-11.69	-13.24	-1.6
Shares Outstanding (Basic)	82	60	54	48	24	14
Shares Outstanding (Diluted)	82	60	54	48	24	14
Shares Change (YoY)	36.08%	11.62%	11.70%	103.84%	72.27%	157.71%
EPS (Basic)	-0.71	-0.40	-0.52	-0.24	-0.56	-0.12
EPS (Diluted)	-0.71	-0.40	-0.52	-0.24	-0.56	-0.12
Free Cash Flow	-42	-17.95	-26.76	-16.38	-1.4	-0.81
Free Cash Flow Per Share	-0.51	-0.30	-0.50	-0.34	-0.06	-0.06
Gross Margin	-1.80%	20.64%	-18.06%	14.40%	21.40%	19.45%
Operating Margin	-306.22%	-100.22%	-549.07%	-202.25%	-97.54%	-403.52%
Profit Margin	-365.25%	-66.66%	-550.77%	-195.77%	-331.73%	-417.97%
FCF Margin	-328.02%	-100.62%	-579.20%	-254.83%	-27.98%	-200.92%
EBITDA	-38.38	-16.45	-24.41	-12.74	-4.84	-1.63
EBITDA Margin	-299.81%	-92.24%	-528.17%	-198.13%	-96.80%	-403.52%
EBIT	-39.2	-17.88	-25.37	-13	-4.88	-1.63
EBIT Margin	-306.22%	-100.22%	-549.07%	-202.25%	-97.54%	-403.52%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.