Red Cat Holdings, Inc. (RCAT)
NASDAQ: RCAT · Real-Time Price · USD
11.13
+0.90 (8.80%)
At close: Aug 14, 2026, 4:00 PM EDT
11.11
-0.02 (-0.18%)
After-hours: Aug 14, 2026, 7:59 PM EDT
Red Cat Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | -97.49 | -72.08 | -65.42 | -24.05 | -28.11 | -11.69 |
Depreciation & Amortization | 3.44 | 2.27 | 2.12 | 1.42 | 0.97 | 0.26 |
Loss (Gain) From Sale of Assets | - | - | - | -9.64 | - | - |
Asset Writedown & Restructuring Costs | - | - | 0.14 | 0.41 | 2.83 | - |
Loss (Gain) From Sale of Investments | - | - | 6.01 | 12.21 | 0.3 | - |
Loss (Gain) on Equity Investments | -1.52 | - | 1.1 | 0.5 | - | - |
Stock-Based Compensation | 16.79 | 10.56 | 6.15 | 3.61 | 3.7 | 3.54 |
Other Operating Activities | -3.21 | 7.69 | 18.42 | 2.49 | 1.15 | -1.04 |
Change in Accounts Receivable | -8.5 | -25.67 | 5.81 | -3.64 | -0.29 | -0.07 |
Change in Inventory | -63.85 | -16.8 | -7.03 | 0.67 | -5.71 | -2.23 |
Change in Accounts Payable | 11.2 | 1.57 | 0.7 | 0.19 | 0.43 | -1.17 |
Change in Unearned Revenue | -0.31 | 0.03 | -0.03 | -0.1 | -0.14 | 0.33 |
Change in Other Net Operating Assets | 4.36 | 3.28 | 1.22 | -1.79 | -0.02 | -3.95 |
Operating Cash Flow | -139.08 | -89.13 | -30.8 | -18.6 | -29.78 | -16.02 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
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 |
Capital Expenditures | -18.62 | -6.65 | -0.25 | -0.26 | -2.45 | -0.36 |
Cash Acquisitions | -0.43 | - | - | - | - | 0.02 |
Divestitures | - | - | - | 1 | - | - |
Investment in Securities | - | - | 6.6 | 12.83 | 32.04 | -46.26 |
Investing Cash Flow | -19.05 | -6.65 | 6.35 | 13.57 | 29.59 | -46.6 |
Financing Activities
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 |
Short-Term Debt Issued | - | 15 | - | - | 0.01 | - |
Total Debt Issued | - | 15 | 21 | - | 0.01 | - |
Short-Term Debt Repaid | - | -1.65 | - | - | -0.04 | -1.97 |
Long-Term Debt Repaid | - | - | - | -0.57 | -0.61 | -0.93 |
Total Debt Repaid | -0.02 | -1.65 | -0.59 | -0.57 | -0.65 | -2.9 |
Net Debt Issued (Repaid) | -0.02 | 13.35 | 20.41 | -0.57 | -0.63 | -2.9 |
Issuance of Common Stock | 426.98 | 241.71 | 9.49 | 8.41 | - | 70.17 |
Repurchase of Common Stock | -0.68 | - | - | - | - | -0.83 |
Other Financing Activities | -8.53 | -0.57 | -0.82 | - | - | - |
Financing Cash Flow | 417.75 | 254.49 | 29.08 | 7.84 | -0.63 | 66.43 |
Net Cash Flow
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 |
Net Cash Flow | 259.62 | 158.71 | 4.63 | 2.81 | -0.82 | 3.81 |
Free Cash Flow
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 |
Free Cash Flow | -157.7 | -95.78 | -31.05 | -18.85 | -32.23 | -16.38 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -220.44% | -235.17% | -426.80% | -105.71% | -697.52% | -254.83% |
Free Cash Flow Per Share | -1.32 | -0.97 | -0.40 | -0.31 | -0.60 | -0.34 |
Levered Free Cash Flow | -117.06 | -72.42 | - | -7.48 | -23.15 | -10.06 |
Unlevered Free Cash Flow | -117.06 | -72.42 | - | -7.44 | -23.07 | -9.96 |
Additional Metrics
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 |
Cash Interest Paid | 0.01 | - | 0.02 | 0.07 | 0.12 | 0.16 |
Change in Working Capital | -57.09 | -37.58 | 0.67 | -4.67 | -5.72 | -7.09 |