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
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
54.7%
84M of 153M shares
Institutional holders
282
73 new, 53 sold out
Net institutional buying
21M
In Q2 2026
Insider trades, 12 months
0 buys · 7 sales
Net sold $7.25M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 8,761,474 | 7.30% | 13G (passive) amendment | Dec 31, 2025 |
| Susquehanna Securities, LLC | 4,234,971 | 5.30% | 13G (passive) | Dec 31, 2024 |
| State Street Corporation | 12,091,533 | 8.20% | 13G (passive) | Jun 30, 2026 |
| Hood River Capital Management LLC | 10,578,223 | 7.16% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of RCAT | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| State Street Corp | 12,091,447 | 7.92% | $128.77M | +4,928,540 | 0.00% |
| BlackRock, Inc. | 11,230,987 | 7.35% | $119.61M | −445,997 | 0.00% |
| Hood River Capital Management LLC | 10,578,223 | 6.93% | $112.66M | +7,545,218 | 0.82% |
| Vanguard Capital Management LLC | 5,861,166 | 3.84% | $62.42M | +1,328,558 | 0.00% |
| Citadel Advisors LLC | 3,441,774 | 2.25% | $36.65M | +3,275,575 | 0.00% |
| Geode Capital Management, LLC | 3,132,448 | 2.05% | $33.37M | +535,717 | 0.00% |
| Van Eck Associates Corp | 2,553,337 | 1.67% | $27.19M | New | 0.02% |
| Morgan Stanley | 2,385,654 | 1.56% | $25.41M | +582,111 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,591,139 | 1.04% | $16.95M | +83,816 | 0.02% |
| UBS Group AG | 1,468,101 | 0.96% | $15.64M | −36,568 | 0.00% |
| Charles Schwab Investment Management Inc | 1,051,540 | 0.69% | $11.20M | +189,196 | 0.00% |
| Vanguard Portfolio Management LLC | 1,043,630 | 0.68% | $11.11M | +173,974 | 0.00% |
| Northern Trust Corp | 977,622 | 0.64% | $10.41M | +148,658 | 0.00% |
| Vanguard Fiduciary Trust Co | 925,972 | 0.61% | $9.86M | +194,514 | 0.00% |
| Cantor Fitzgerald, L. P. | 896,710 | 0.59% | $9.55M | +256,168 | 0.05% |
| AWM Investment Company, Inc. | 874,460 | 0.57% | $9.31M | +500,000 | 0.81% |
| Bank Of America Corp /De/ | 864,910 | 0.57% | $9.21M | +661,544 | 0.00% |
| First Trust Advisors LP | 813,669 | 0.53% | $8.67M | New | 0.01% |
| Vident Advisory, LLC | 809,046 | 0.53% | $8.62M | +428,286 | 0.06% |
| Ameriprise Financial Inc | 726,189 | 0.48% | $7.73M | +687,676 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 282 | 84M | 54.7% | 73 / 122 | 46 / 53 | 33M | 12M |
| Q1 2026 | 269 | 63M | 40.9% | 100 / 101 | 45 / 39 | 32M | 10M |
| Q4 2025 | 213 | 46M | 30.0% | 64 / 75 | 53 / 38 | 15M | 15M |
| Q3 2025 | 187 | 46M | 30.4% | 67 / 65 | 34 / 29 | 22M | 4M |
| Q2 2025 | 149 | 28M | 18.4% | 66 / 45 | 19 / 30 | 14M | 3M |
| Q1 2025 | 114 | 18M | 11.5% | 36 / 41 | 21 / 25 | 5M | 17M |
| Q4 2024 | 104 | 29M | 19.1% | 62 / 25 | 11 / 17 | 21M | 5M |
| Q3 2024 | 61 | 14M | 8.9% | 30 / 13 | 7 / 12 | 5M | 6M |
| Q2 2024 | 44 | 15M | 10.0% | 11 / 14 | 9 / 2 | 1M | 1M |
| Q1 2024 | 36 | 15M | 9.6% | 5 / 8 | 11 / 6 | 0M | 2M |
| Q4 2023 | 38 | 16M | 10.8% | 14 / 9 | 5 / 4 | 13M | 0M |
| Q3 2023 | 29 | 4M | 2.5% | 1 / 9 | 10 / 7 | 0M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of RCAT | Value | % of fund | As of |
|---|---|---|---|---|---|
| State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF | 8,074,886 | 5.29% | $86.00M | 1.33% | Jun 30, 2026 |
| Hood River Small-Cap Growth Fund | 5,106,499 | 3.34% | $54.38M | 0.82% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 4,213,372 | 2.76% | $44.87M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,902,328 | 1.90% | $30.91M | 0.04% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,506,171 | 0.99% | $16.04M | 0.02% | Jun 30, 2026 |
| Global X Defense Tech ETF | 1,430,306 | 0.94% | $20.74M | 0.26% | May 31, 2026 |
| iShares U.S. Aerospace & Defense ETF | 1,335,748 | 0.87% | $14.23M | 0.10% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,217,882 | 0.80% | $9.17M | 0.03% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P Kensho New Economies Composite ETF | 1,051,931 | 0.69% | $11.20M | 0.39% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 1,028,960 | 0.67% | $10.96M | 0.07% | Jun 30, 2026 |
| Hood River New Opportunities Fund | 939,717 | 0.62% | $10.01M | 0.79% | Jun 30, 2026 |
| iShares Defense Industrials Active ETF | 938,158 | 0.61% | $7.06M | 0.17% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 668,425 | 0.44% | $9.69M | 0.02% | May 31, 2026 |
| Defiance Drone and Modern Warfare ETF | 666,654 | 0.44% | $7.10M | 4.65% | Jun 30, 2026 |
| Schwab U.S. Small-Cap ETF | 618,640 | 0.41% | $8.97M | 0.04% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jeffrey M. Thompson | Chairman of the Board, CEO, Director, 10% owner | 11,866,952 | 7.77% | Sep 17, 2026 |
| Christian Spenst Morrison | Chief Financial Officer | 422 | 0.00% | Apr 13, 2026 |
| Christian Ericson | Chief Operating Officer | 28,920 | 0.02% | Apr 13, 2026 |
| Geoffrey Wayne Hitchcock | Chief Revenue Officer | 206,517 | 0.14% | Apr 13, 2026 |
| Leah Lunger | Chief Financial Officer | 329,541 | 0.22% | Jan 7, 2025 |
| George Michael Matus | CTO, Red Cat Holdings | 394,529 | 0.26% | Dec 27, 2024 |
| Nicholas Reyland Liuzza JR | Director | 424,874 | 0.28% | Sep 1, 2026 |
| Christopher R. Moe | Director | 200,502 | 0.13% | Aug 13, 2026 |
| Paul Funk II | Director | 0 | – | Jun 15, 2026 |
| Joseph David Freedman | Director | 342,689 | 0.22% | May 4, 2026 |
| Allan Thomas Evans | – | 1,443,945 | 0.95% | Feb 5, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Sep 15, 2026 | Other | −750,000 | – | – | 11,862,202 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Sep 15, 2026 | Sale(10b5-1 plan) | −150,000 | $7.74 | $1.16M | 11,712,202 |
| Nicholas Reyland Liuzza JR Director | Aug 28, 2026 | Sale | −65,000 | $8.50 | $552.50K | 424,874 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Aug 17, 2026 | Sale(10b5-1 plan) | −150,000 | $10.45 | $1.57M | 12,612,202 |
| Nicholas Reyland Liuzza JR Director | Aug 11, 2026 | Sale | −55,000 | $10.63 | $584.65K | 489,874 |
| Christopher R. Moe Director | Aug 11, 2026 | Sale | −20,000 | $10.51 | $210.20K | 200,502 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Jul 15, 2026 | Sale(10b5-1 plan) | −150,000 | $8.51 | $1.28M | 12,762,202 |
| Paul Funk II Director | Jun 11, 2026 | Sale | −165,028 | $11.50 | $1.90M | 0 |
| Christopher R. Moe Director | Apr 30, 2026 | Option exercise | +7,429 | – | – | 230,502 |
| Paul Funk II Director | Apr 30, 2026 | Option exercise | +7,429 | – | – | 165,028 |
| Nicholas Reyland Liuzza JR Director | Apr 30, 2026 | Option exercise | +7,429 | – | – | 544,874 |
| Joseph David Freedman Director | Apr 30, 2026 | Option exercise | +7,429 | – | – | 342,689 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Apr 6, 2026 | Tax withholding | −1,570 | $13.06 | $20.50K | 12,912,202 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Apr 6, 2026 | Option exercise | +5,295 | – | – | 12,913,772 |
| Geoffrey Wayne Hitchcock Chief Revenue Officer | Mar 31, 2026 | Tax withholding | −645 | $13.09 | $8.44K | 206,517 |
| Geoffrey Wayne Hitchcock Chief Revenue Officer | Mar 31, 2026 | Option exercise | +2,175 | – | – | 207,162 |
| Christian Ericson Chief Operating Officer | Mar 31, 2026 | Tax withholding | −1,176 | $13.09 | $15.39K | 28,920 |
| Christian Ericson Chief Operating Officer | Mar 31, 2026 | Option exercise | +4,073 | – | – | 30,096 |
| Christian Spenst Morrison Chief Financial Officer | Mar 31, 2026 | Option exercise | +422 | – | – | 422 |
| Christian Spenst Morrison Chief Financial Officer | Mar 31, 2026 | Tax withholding | −145 | $13.09 | $1.90K | 277 |
| Christian Ericson Chief Operating Officer | Mar 17, 2026 | Option exercise | +12,500 | – | – | 29,630 |
| Christian Ericson Chief Operating Officer | Mar 17, 2026 | Tax withholding | −3,607 | $15.54 | $56.05K | 26,023 |
| Christian Ericson Chief Operating Officer | Mar 11, 2026 | Tax withholding | −7,870 | $14.67 | $115.45K | 17,130 |
| Christian Ericson Chief Operating Officer | Mar 11, 2026 | Option exercise | +25,000 | – | – | 25,000 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Dec 29, 2025 | Gift | −4,750 | – | – | 12,908,477 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Dec 29, 2025 | Gift | +4,750 | – | – | 4,750 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Dec 29, 2025 | Gift | −4,750 | – | – | 12,913,227 |
| Geoffrey Wayne Hitchcock Chief Revenue Officer | Oct 1, 2025 | Option exercise | +262,500 | – | – | 294,825 |
| Geoffrey Wayne Hitchcock Chief Revenue Officer | Oct 1, 2025 | Tax withholding | −89,838 | $10.47 | $940.60K | 204,987 |
| Christopher R. Moe Director | Sep 29, 2025 | Sale | −10,000 | $10.91 | $109.10K | 53,073 |
| Christopher R. Moe Director | Sep 12, 2025 | Sale | −10,000 | $10.96 | $109.60K | 63,073 |
| Christopher R. Moe Director | Sep 11, 2025 | Sale | −20,000 | $9.77 | $195.40K | 83,073 |
| Christopher R. Moe Director | Sep 11, 2025 | Sale | −10,000 | $10.79 | $107.90K | 73,073 |
| Christopher R. Moe Director | Sep 8, 2025 | Sale | −10,000 | $8.90 | $89.00K | 103,073 |
| Christopher R. Moe Director | Aug 25, 2025 | Sale | −10,000 | $10.04 | $100.40K | 220,502 |
| Christopher R. Moe Director | Aug 21, 2025 | Sale | −16,833 | $9.58 | $161.26K | 113,073 |
| Christopher R. Moe Director | Aug 20, 2025 | Sale | −10,000 | $8.93 | $89.30K | 129,906 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Jul 18, 2025 | Tax withholding | −8,547 | $11.70 | $100.00K | 12,917,977 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Jul 18, 2025 | Tax withholding | −37,750 | $11.70 | $441.68K | 12,901,208 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Jul 18, 2025 | Option exercise | +416,667 | $1.06 | $441.67K | 12,938,958 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Jul 18, 2025 | Option exercise | +25,316 | $3.95 | $100.00K | 12,926,524 |
| Joseph David Freedman Director | Jun 30, 2025 | Option exercise | +150,000 | $2.51 | $376.50K | 315,260 |
| Joseph David Freedman Director | Jun 30, 2025 | Sale | −150,000 | $7.37 | $1.11M | 165,260 |
| Nicholas Reyland Liuzza JR Director | Jun 10, 2025 | Sale | −100,000 | $8.58 | $858.00K | 387,445 |
| Nicholas Reyland Liuzza JR Director | Jun 9, 2025 | Option exercise | +100,000 | $1.50 | $150.00K | 487,445 |
| Nicholas Reyland Liuzza JR Director | May 21, 2025 | Sale | −100,309 | $6.70 | $672.07K | 387,445 |
| Nicholas Reyland Liuzza JR Director | May 20, 2025 | Option exercise | +100,000 | $1.50 | $150.00K | 487,754 |
| Leah Lunger Chief Financial Officer | Jan 3, 2025 | Option exercise | +7,083 | $1.27 | $9.00K | 329,541 |
| Leah Lunger Chief Financial Officer | Jan 3, 2025 | Tax withholding | −677 | $13.30 | $9.00K | 328,864 |
| Nicholas Reyland Liuzza JR Director | Dec 30, 2024 | Sale | −80,000 | $13.46 | $1.08M | 381,072 |
| Joseph David Freedman Director | Dec 30, 2024 | Sale | −15,000 | $14.24 | $213.60K | 585,190 |
| Joseph David Freedman Director | Dec 27, 2024 | Sale | −10,000 | $12.25 | $122.50K | 600,190 |
| Joseph David Freedman Director | Dec 26, 2024 | Sale | −25,000 | $13.61 | $340.25K | 610,190 |
| George Michael Matus CTO, Red Cat Holdings | Dec 26, 2024 | Sale | −219,368 | $14.10 | $3.09M | 394,529 |
| George Michael Matus CTO, Red Cat Holdings | Dec 26, 2024 | Sale | −90,123 | $14.67 | $1.32M | 304,406 |
| Nicholas Reyland Liuzza JR Director | Dec 26, 2024 | Sale | −20,000 | $13.92 | $278.40K | 461,072 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Dec 26, 2024 | Sale | −28,756 | $13.97 | $401.72K | 13,014,449 |
| George Michael Matus CTO, Red Cat Holdings | Dec 24, 2024 | Sale | −72,093 | $12.10 | $872.33K | 613,897 |
| Jeffrey M. Thompson Chairman of the Board, CEO, Director, 10% owner | Dec 24, 2024 | Sale | −78,693 | $11.22 | $882.94K | 13,043,205 |
| Nicholas Reyland Liuzza JR Director | Dec 23, 2024 | Sale | −200,000 | $10.80 | $2.16M | 481,072 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Jeffrey M. Thompson Officer, Director | Oct 15, 2026 | 450,000 | $2.03M | Oct 15, 2026 | SHARE EXCHANGE |
| Nicholas Reyland Liuzza JR Officer | Aug 28, 2026 | 65,000 | $555.10K | Aug 28, 2026 | Stock Grants as part of Employee Compensation |
| Paul Funk II Officer | Aug 18, 2026 | 165,028 | $1.90M | Jun 11, 2026 | Equity Incentive Plan |
| ChristopherMoe Director | Aug 11, 2026 | 20,000 | $210.26K | Aug 11, 2026 | Stock Bonus |
| Nicholas Reyland Liuzza JR Director | Aug 11, 2026 | 55,000 | $583.55K | Aug 11, 2026 | Employee compensation |
| Jeffrey M. Thompson Officer, Director | Jul 15, 2026 | 450,000 | $3.98M | Jul 15, 2026 | SHARE EXCHANGE |
| M. Thompson Jeffrey Director and CEO | Dec 29, 2025 | 1,500,000 | $13.77M | Dec 29, 2025 | Share exchange agreement |
| Moe Christopher Director | Nov 10, 2025 | 10,000 | $109.05K | Sep 29, 2025 | Stock Bonus |
| M. Thompson Jeffrey Director and CEO | Sep 12, 2025 | 750,000 | $8.25M | Sep 12, 2025 | Share exchange agreement |
| Christopher R. Moe Director | Sep 12, 2025 | 10,000 | $109.63K | Sep 12, 2025 | Stock Bonus |
| Christopher R. Moe Director | Sep 11, 2025 | 30,000 | $303.40K | Sep 11, 2025 | Stock Bonus |
| Christopher R. Moe Director | Sep 8, 2025 | 10,000 | $89.00K | Sep 8, 2025 | Stock Bonus |
| Christopher R. Moe Director | Aug 25, 2025 | 10,000 | $100.36K | Aug 25, 2025 | Stock Bonus |
| Christopher R. Moe Director | Aug 22, 2025 | 26,833 | $257.00K | Aug 21, 2025 | Stock Bonus |
| M. Thompson Jeffrey Director and CEO | Dec 30, 2024 | 1,500,000 | $18.39M | Dec 30, 2024 | Share exchange agreement |