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Red Cat Holdings, Inc.

RCAT

Red Cat Holdings is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense, national security, and commercial applications.

Market cap
$1.26B+34.7%
Revenue$54.6M+341%
Net income-$75.5M+13.5%
Free cash flow-$118.3M-170%
EPS (diluted)-$0.69+37.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$15.5M+849%
Gross profit$2.0M+331%
Operating income-$27.3M-119%
Net income-$26.6M-14.8%
EPS (diluted)-$0.22+18.5%

Balance sheet

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Cash & equivalents$131.9M+1,608%
Total debt$14.1M-49.1%
Total equity$238.7M+726%
Total assets$281.9M+373%

Cash flow

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Operating cash flow-$31.9M-101%
CapEx$6.8M+2,385%
Free cash flow-$38.7M-139%

Valuation & ratios

Valuation

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Market cap$1.26B+34.7%
Enterprise value$1.14B+38.1%
P/S23×-71.9×

Profitability

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Gross margin7.5%+4.1pp
Operating margin-149.2%-58.6pp
Net margin-138.4%-61.7pp
FCF margin-216.8%

Returns & leverage

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Return on equity-56.4%-24.3pp
Debt / equity0.1×-0.9×
Current ratio11×+10.0×

Segments

By product

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Service$260.0K

Competitors

Profile

Red Cat Holdings is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense, national security, and commercial applications. The company develops American-made hardware and software for small unmanned aircraft systems (sUAS) and uncrewed surface vessels (USVs) designed for multi-domain mission effectiveness. Its core value proposition centers on providing tactical, secure, and NDAA-compliant platforms that enhance situational awareness and survivability for the warfighter.

Competitive position

Red Cat positions itself as a provider of secure, Blue UAS-certified, and NDAA-compliant systems that differentiate through rapid innovation and tactical edge capabilities.

GeographiesUnited States, International
Customer segmentsFederal Government, Military, Public Safety, Commercial Enterprise
Business modelHardware Manufacturing, Government Contracting, Software Integration
SuppliersElectronic component manufacturers, Sensor providers, Raw material suppliers, Software license providers
CustomersU.S. Department of Defense, U.S. Army, Federal law enforcement, Allied foreign governments, Public safety agencies
Listed2002
Employees76.0
CEOJeffrey Thompson
Websiteredcat.red
FilingsSEC EDGAR

FAQ

What is Red Cat Holdings, Inc.'s market cap?
Red Cat Holdings, Inc. (RCAT) has a market capitalization of $1.3B and trades on NASDAQ.
What is Red Cat Holdings, Inc.'s revenue and profitability?
Red Cat Holdings, Inc. generated $54.6M in trailing twelve-month revenue with a net loss of $75.5M, representing a net margin of -138.4%. Gross margin stands at 7.5%, with free cash flow of -$118.3M. These figures are based on the Q1 2026 filing.
Who are Red Cat Holdings, Inc.'s competitors?
Red Cat Holdings, Inc.'s key competitors include AgEagle Aerial Systems, Inc., Safeguard Acquisition Corp., Redwire Corporation, and others. These companies compete in similar markets and product categories.
Who does Red Cat Holdings, Inc. partner with?
Red Cat Holdings, Inc.'s notable partners include AeroVironment, Inc., Palantir Technologies Inc., Apium Swarm Robotics, Inc..
What subsidiaries does Red Cat Holdings, Inc. have?
Red Cat Holdings, Inc.'s subsidiaries include Teal Drones, FlightWave Aerospace Systems, Blue Ops, Inc., and others.
Where is Red Cat Holdings, Inc. headquartered?
Red Cat Holdings, Inc. is headquartered in United States of America and employs approximately 76 people. It has been publicly traded since 2002.