Red Cat Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Cash & Equivalents	206.43	9.15	6.07	3.17	4.08	0.28
Short-Term Investments	-	-	-	12.81	44.79	-
Cash & Short-Term Investments	206.43	9.15	6.07	15.99	48.88	0.28
Cash Growth	4376.73%	50.88%	-62.05%	-67.29%	17522.40%	17.19%
Accounts Receivable	8.59	0.49	5.84	0.72	0.5	0.32
Other Receivables	-	-	0.68	0.15	0.39	0.08
Receivables	8.59	0.49	6.51	0.87	0.91	0.4
Inventory	30.6	13.59	8.61	9.28	5.6	0.84
Prepaid Expenses	3.19	2.56	1.21	0.75	0.26	0.12
Other Current Assets	-	-	-	5.28	-	0.01
Total Current Assets	248.8	25.8	22.4	32.18	55.65	1.64
Property, Plant & Equipment	11.07	3.37	3.82	4.25	1.53	-
Long-Term Investments	-	-	5.14	-	-	-
Goodwill	17.67	17.67	9.09	17.01	25.14	8.02
Other Intangible Assets	7.29	8.45	3.79	6.89	2.7	2.03
Other Long-Term Assets	1.19	0.31	0.29	0.41	0.06	0
Total Assets	286.02	55.6	48.54	60.74	85.08	11.69
Accounts Payable	2.97	2.05	1.58	1.39	1.02	0.54
Accrued Expenses	6.19	1.24	1.07	0.41	1.08	0.61
Short-Term Debt	13.35	-	-	-	0.04	0.66
Current Portion of Long-Term Debt	0.35	0.35	0.75	0.92	0.96	-
Current Portion of Leases	0.55	0.31	0.2	0.16	0.29	-
Current Unearned Revenue	0.47	0.23	0.05	0.16	0.44	0.05
Other Current Liabilities	-	-	-	1.01	1.61	2.81
Total Current Liabilities	23.89	4.18	3.65	4.05	5.44	4.67
Long-Term Debt	-	-	-	0.4	0.97	1.75
Long-Term Leases	8.17	1.31	1.32	1.48	0.75	-
Other Long-Term Liabilities	-	-	-	0.04	-	-
Total Liabilities	32.75	5.48	4.97	5.98	7.16	6.43
Common Stock	0.12	0.09	0.07	0.05	0.05	0.03
Additional Paid-In Capital	430.32	174.78	124.62	112.64	106.82	21.03
Retained Earnings	-177.16	-124.74	-81.13	-57.08	-27.5	-15.81
Comprehensive Income & Other	-	-	0	-0.86	-1.47	-
Total Common Equity	253.27	50.12	43.56	54.76	77.91	5.25
Shareholders' Equity	253.27	50.12	43.56	54.77	77.92	5.27
Total Liabilities & Equity	286.02	55.6	48.54	60.74	85.08	11.69
Total Debt	22.42	1.97	2.27	2.97	3.01	2.41
Net Cash (Debt)	184.01	7.19	3.8	13.02	45.86	-2.13
Net Cash Growth	-	89.22%	-70.84%	-71.60%	-	-
Net Cash Per Share	2.04	0.09	0.06	0.24	0.95	-0.09
Filing Date Shares Outstanding	119.37	85.65	74.6	55.54	53.81	48.24
Total Common Shares Outstanding	118.16	85.22	74.29	54.57	53.75	29.43
Working Capital	224.92	21.62	18.75	28.12	50.21	-3.03
Book Value Per Share	2.14	0.59	0.59	1.00	1.45	0.18
Tangible Book Value	228.31	24	30.68	30.85	50.07	-4.8
Tangible Book Value Per Share	1.93	0.28	0.41	0.57	0.93	-0.16
Machinery	2.9	1.86	1.7	1.52	0.55	-
Leasehold Improvements	1.65	1.56	1.55	1.47	0.15	-

Updated Nov 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q