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Red Cat Holdings, Inc. RCAT Q4 2025 Annual earnings

Reported May 7, 2026 · After market close

Revenue$26.2MBeat by $2.3M
EPS-$0.22Miss by $0.08
Revenue estimate$23.9M
EPS estimate-$0.14

Next report

Date not yet announced

Financials

Q4 2025

Income statement

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Revenue$26.2M+1,609%
Gross profit$1.1M+124%
Operating income-$23.9M+7.4%
Net income-$19.7M+54.9%
EPS (diluted)-$0.16+71.9%

Balance sheet

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Cash & equivalents$167.9M+1,734%
Total debt$18.4M+837%
Total equity$245.8M+390%
Total assets$273.7M+392%

Cash flow

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Operating cash flow-$36.5M-77.6%
CapEx$5.4M+3,191%
Free cash flow-$41.9M-102%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$946.61M-8.1%
Enterprise value$797.18M-22.1%
P/S23.2×-36.1×

Profitability

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Gross margin3.1%+1.7pp
Operating margin-163.5%-45.0pp
Net margin-177%-64.1pp
FCF margin-235.2%—

Returns & leverage

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Return on equity-48.7%-19.2pp
Debt / equity0.1×0.0×
Current ratio15.3×+9.1×

Segments

By product

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Service$546.9K-38.3%

Versus estimates

Revenue

Q2 2026$20.2MMiss by $2.5MQ3 2026$15.5MMiss by $2.2M
Q4 2025$26.2MBeat by $2.3M
Q4 2025$9.6MMiss by $11.3M
Q3 2025$3.2MMiss by $4.5MQ2 2025$1.6MMiss by $6.1M

Diluted EPS

Q2 2026-$0.26Miss by $0.06Q3 2026-$0.22Miss by $0.10
Q4 2025-$0.22Miss by $0.08
Q4 2025-$0.16Miss by $0.07
Q3 2025-$0.14Miss by $0.03Q2 2025-$0.14Miss by $0.04

FAQ

When did Red Cat Holdings, Inc. report Q4 2025 earnings?
Red Cat Holdings, Inc. (RCAT) reported Q4 2025 earnings on May 7, 2026 after market close.
What were Red Cat Holdings, Inc.'s Q4 2025 revenue and EPS?
Red Cat Holdings, Inc. reported revenue of $26.2M and eps of $-0.22 for Q4 2025.
Did Red Cat Holdings, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $23.9M by $2.3M. EPS missed the consensus estimate of $-0.14 by $0.08.
Where can I find Red Cat Holdings, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-032088) and the 10-K periodic report (0001628280-26-019861) directly on SEC EDGAR. The filing index links above go to sec.gov.