Red Cat Holdings, Inc. (RCAT)

NASDAQ: RCAT · Real-Time Price · USD

4.075

-0.385 (-8.63%)

Nov 4, 2026, 1:28 PM EST - Market open

Red Cat Holdings Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022
Revenue	71.54	40.73	7.28	17.84	4.62	6.43
Revenue Growth	-	459.85%	-59.21%	285.99%	-28.13%	28.59%
Gross Profit	6.98	1.27	-2.03	3.68	-0.83	0.93
Operating Income	-107.42	-66.6	-38.62	-18.89	-23.51	-13
Net Income	-97.49	-72.08	-65.42	-24.05	-28.11	-11.69
Earnings Per Share	-0.82	-0.73	-0.85	-0.40	-0.52	-0.24
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023
Contract Related	2.46	2.85	4.17	1.31
Product Related	69.08	37.88	13.66	3.31
Revenue (Total)	71.54	40.73	17.84	4.62

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022
Cash & Investments	325.55	167.87	9.15	6.07	15.99	48.88
Total Debt	14.87	18.44	1.97	2.27	2.97	3.01
Net Cash (Debt)	310.68	149.43	7.19	3.8	13.02	45.86
Net Cash Growth	605.86%	1979.46%	89.20%	-70.84%	-71.60%	-
Net Cash Per Share	2.61	1.51	0.09	0.06	0.24	0.95

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022
Operating Cash Flow	-139.08	-89.13	-30.8	-18.6	-29.78	-16.02
Capital Expenditures	-18.62	-6.65	-0.25	-0.26	-2.45	-0.36
Free Cash Flow	-157.7	-95.78	-31.05	-18.85	-32.23	-16.38
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022
Gross Margin	9.75%	3.13%	-27.96%	20.64%	-18.05%	14.40%
Operating Margin	-150.15%	-163.51%	-530.89%	-105.89%	-508.80%	-202.25%
Pretax Margin	-135.61%	-175.87%	-899.26%	-120.69%	-570.82%	-181.82%
Profit Margin	-136.26%	-176.96%	-899.26%	-134.86%	-608.27%	-181.82%
FCF Margin	-220.44%	-235.17%	-426.80%	-105.71%	-697.52%	-254.83%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Nov '26 Nov 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022
Forward PE	-	6.46	6.46	6.46	6.46	10.83
PS Ratio	9.52	23.24	141.59	6.37	10.43	16.95