What is Red Cat Holdings, Inc.'s EBITDA margin?

Red Cat Holdings, Inc. (RCAT) reported EBITDA margin of -142.5% in Q1 2026.

How has Red Cat Holdings, Inc.'s EBITDA margin changed year-over-year?

Red Cat Holdings, Inc.'s EBITDA margin increased by 64.4% year-over-year, from -400.9% to -142.5%.

What does EBITDA margin mean?

EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

Red Cat Holdings, Inc. RCAT EBITDA margin

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Other financials

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

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Market cap$1.62B+120%

Enterprise value$1.5B+117%

P/S29.7×-50.7×

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×

Where this comes from

Calculated from Red Cat Holdings, Inc.’s reported figures.

ebitda/total revenue=-142.5%

Based on trailing twelve months.

The official record: Red Cat Holdings, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Red Cat Holdings, Inc.'s EBITDA margin?: Red Cat Holdings, Inc. (RCAT) reported EBITDA margin of -142.5% in Q1 2026.
How has Red Cat Holdings, Inc.'s EBITDA margin changed year-over-year?: Red Cat Holdings, Inc.'s EBITDA margin increased by 64.4% year-over-year, from -400.9% to -142.5%.
What does EBITDA margin mean?: EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.