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Other financials

Income statement

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Revenue$20.2M+527%
Gross profit$3.3M+770%
Operating income-$38.6M-206%
EPS (diluted)-$0.26-73.3%

Balance sheet

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Cash & equivalents$325.6M+394%
Total debt$15.8M-28.1%
Total equity$471.2M+393%
Total assets$527.5M+335%

Cash flow

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Operating cash flow-$46.8M-263%
CapEx$5.8M+1,781%
Free cash flow-$52.6M-298%

Valuation

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Market cap$1.32B+41.4%
Enterprise value$1.01B+13.6%
P/S18.4×-83.4×

Profitability

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Gross margin9.7%+5.4pp
Operating margin-150.2%-65.2pp
Net margin-136.3%-63.2pp
FCF margin-220.4%-84.0pp

Returns & leverage

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Return on equity-34.4%-14.6pp
Debt / equity-0.2×
Current ratio14.9×+11.1×

Where this comes from

Reported directly by Red Cat Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Red Cat Holdings, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054368
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Interest income, net(1,925)(155)(3,219)(210)
Other, net(1,484)(1,484)
Total other (income) expense(3,409)632(4,162)11,277
Loss before provision for income taxes(35,236)(13,279)(61,784)(36,402)
Provision for income taxes2328
Net loss$(35,259)$(13,279)$(61,812)$(36,402)
Loss per share - basic and diluted$(0.26)$(0.15)$(0.48)$(0.41)
Weighted average shares outstanding - basic and diluted136,88891,295128,92488,400

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Red Cat Holdings, Inc.'s net income?
Red Cat Holdings, Inc. (RCAT) reported net income of -$35.26M in Q2 2026.
How has Red Cat Holdings, Inc.'s net income changed year-over-year?
Red Cat Holdings, Inc.'s net income decreased by 165.5% year-over-year, from -$13.28M to -$35.26M.
What is the long-term trend for Red Cat Holdings, Inc.'s net income?
Over 4 years (2021 to 2025), Red Cat Holdings, Inc.'s net income has grown at a 52.6% compound annual growth rate (CAGR), from -$13.28M to -$72.07M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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