RCATNasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Red Cat Holdings, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$4.68−0.04 (-0.85%)

Close on Oct 19, 2026

Market cap: $640.64M
P/E (TTM): –
Dividend yield: –

Red Cat Holdings, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2024 2024-04-30	Q3 2024 2024-01-31	Q2 2024 2023-10-31	Q1 2024 2023-07-31	Q4 2023 2023-04-30	Q3 2023 2023-01-31	Q2 2023 2022-10-31	Q1 2023 2022-07-31	Q4 2022 2022-04-30	Q3 2022 2022-01-31	Q2 2022 2021-10-31	Q1 2022 2021-07-31	Q4 2021 2021-04-30	Q3 2021 2021-01-31	Q2 2021 2020-10-31	Q1 2021 2020-07-31	Q4 2018 2018-12-31	Q3 2018 2018-09-30	Q1 2017 2017-03-31	Q4 2016 2016-12-31	Q3 2016 2016-09-30	Q2 2016 2016-06-30	Q1 2016 2016-03-31	Q4 2015 2015-12-31	Q3 2015 2015-09-30	Q2 2015 2015-06-30	Q1 2015 2015-03-31	Q4 2014 2014-12-31	Q3 2014 2014-09-30	Q2 2014 2014-06-30	Q1 2014 2014-03-31	Q4 2013 2013-12-31	Q3 2013 2013-09-30	Q2 2013 2013-06-30	Q1 2013 2013-03-31	Q4 2012 2012-12-31	Q3 2012 2012-09-30	Q2 2012 2012-06-30
Revenue	20	15	6.31	5.85	3.93	1.75	1.08	1.67	0.75	1.13	1.31	1.86	1.86	1.40	1.88	2.15	0.43	0.55	0.04	0.06	–	0	0	0.20	0	0	0.02	0.01	0.03	0.00	0.03	0.02	0	0.01	0	0	0.01	–	0.01	0.01
Cost of Revenue	17	14	5.10	4.75	2.73	1.57	2.02	1.76	0.62	1.04	0.98	1.52	1.71	1.29	1.58	1.58	0.33	0.45	–	–	–	–	–	0	0	–	0.02	0.00	0.02	–	0.02	0.01	0	–	0.02	0.00	0.01	–	0.01	0.00
Gross Profit	3.26	1.97	1.20	1.10	1.20	0.17	-0.94	-0.10	0.12	0.08	0.33	0.34	0.15	0.10	0.30	0.57	0.10	0.10	-0.12	-0.08	–	0	0	0	0	0.01	0.00	0.01	0.00	0.01	0.00	0.01	0	-0.01	0.00	0.01	0.00	0.00	0.00	0.00
Research & Development	14	7.97	1.01	2.13	2.22	1.35	2.92	1.22	1.27	0.45	1.06	0.81	0.49	0.24	0.17	0.17	0.09	0.09	–	–	–	0.32	0.21	0.15	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Admin	28	21	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.07	–	–	0.09	0.04	–
Selling & Marketing	6.44	4.58	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
General & Administrative	21	17	6.88	1.43	2.84	2.86	8.46	1.40	1.82	1.06	2.28	1.34	1.05	0.88	0.35	0.50	0.25	0.18	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.07	0.02	–	–	0.04	0.04
Advertising Expenses	–	–	2.02	0.88	1.03	1.29	1.75	1.02	0.56	0.41	0.60	0.24	0.19	0.10	0.07	0.05	0.02	0.02	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Expenses	42	29	6.48	5.55	6.09	5.51	10	5.09	6.47	3.56	5.73	3.50	2.91	1.78	3.16	1.72	0.59	0.49	0.44	0.33	0.45	0.69	0.59	0.17	0.04	0.07	0.09	0.05	0.04	0.15	0.19	0.04	0.02	0.01	0.01	0.00	0.03	–	–	–
Total Costs & Expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.15	0.14	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01	0.00
Operating Income	-39	-27	-5.28	-4.45	-5.24	-5.59	-11	-5.18	–	–	–	–	–	–	–	–	–	–	-0.55	-0.41	-0.45	-0.69	-0.59	-0.17	-0.04	-0.07	-0.09	-0.04	-0.04	-0.14	-0.18	-0.04	-0.02	-0.01	-0.01	0.00	-0.03	-1.05	-0.04	–
Interest Expense	–	–	0.01	0.02	0.02	0.02	0.03	0.03	0.03	0.04	0.04	0.05	0.05	0.02	–	–	–	–	0.12	0.12	–	–	–	0	0.00	0.00	0.00	0.02	0.08	0	0.00	0.00	0.00	0.00	0.00	0	0.00	0.00	0.00	0.00
Other Non-Operating Income	3.41	0.75	-1.41	0.26	-0.35	-0.26	-0.22	-0.15	–	-0.11	0.57	0.60	0.02	0.12	-0.29	-7.84	-0.23	–	-0.65	-0.10	2.59	-1.91	0.00	0.00	0.00	-0.98	-2.30	-0.02	-0.02	-6.96	0.00	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	1.00	2.26	0	0	6.96	0	–	–	–	–	–	–	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	–	–	0	0.01	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00	-0.62	–	–	–	0	0	-0.17	0.07	0	0	0	–	–	–	–	–	–	–	–	–	–
Pretax Income	-35	-27	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.03	-0.04
Income Tax Expense	0.02	0.01	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0.01	0	0	0	0.00	0	–
Income from Continuing Operations	–	–	-6.69	-4.19	-5.08	-5.59	-12	-5.34	-5.83	-3.59	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.19	-0.04	-0.02	0.18	-0.01	0.00	-0.02	0.00	-0.04	0.02
Income from Discontinued Operations	–	–	-0.38	-1.30	-0.60	-0.24	-0.77	-0.33	-0.41	-0.22	–	–	–	–	–	–	–	–	0	0	–	–	–	–	–	–	–	–	–	–	0	0	–	–	-0.05	0.00	–	–	–	–
Net Income incl. Noncontrolling Interests	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.05	-0.04	-1.05	-2.40	-0.06	-0.06	-7.11	-0.19	-0.04	-0.02	0.26	-0.06	-0.01	-0.02	–	–	–
Net Income	-35	-27	-7.07	-5.49	-5.84	-5.84	-12	-5.67	-6.24	-3.81	-4.83	-2.56	-2.74	-1.56	-3.15	-8.98	-0.72	-0.38	-1.20	-0.51	1.43	-2.60	-0.60	-0.17	–	–	–	-0.06	-0.06	–	–	-0.05	-0.02	0.26	-0.07	-0.01	–	-0.07	-0.04	0.02
Net Income to Common	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-3.71	-0.99	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	-0.26	-0.22	–	–	–	–	–	–	–	–	–	-0.05	-0.05	-0.05	-0.11	-0.34	-0.04	-0.02	-0.01	0.00	0.03	-0.09	-0.02	0.00	–	–	-0.11	0.00	0.00	–	-0.16	-0.03	-0.01	0.23	-0.06	0.00	0.00	-0.06	0.00	0.00
EPS (Diluted)(per share)	-0.26	-0.22	–	–	–	–	–	–	–	–	–	-0.05	-0.05	-0.05	-0.11	-0.34	-0.04	-0.02	-0.01	0.00	0.02	-0.09	-0.02	0.00	–	–	-0.10	0.00	0.00	–	0.00	-0.02	0.00	0.23	-0.06	0.00	0.00	-0.06	-0.03	0.02
Shares Outstanding (Basic, Weighted)(shares)	137	121	–	–	–	–	–	–	–	–	–	54	52	34	28	26	20	20	236	234	45	44	42	41	23	23	23	23	19	1.52	1.14	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11
Shares Outstanding (Diluted, Weighted)(shares)	137	121	–	–	–	–	–	–	–	–	–	54	52	34	28	26	20	20	236	234	69	44	42	41	23	23	23	119	19	1.52	93	1.71	92	1.11	1.11	1.11	1.11	1.11	1.11	1.11
EBITDA	-37	-26	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.69	-0.59	-0.16	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.04	–
Net Interest Income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.12	-0.12	-0.03	0	0.00	0.00	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 20.6%
Operating margin: -108.2%
Net margin: -134.9%
Return on equity, FY2024: -48.9%

Financial strength

Current ratio: 14.86
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 1137.7%

Valuation

P/E ratio: –
Price to sales: 35.92
Price to book: 1.36
Dividend yield: –