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Red Cat Holdings, Inc. RCAT Conversion Of Convertible Notes Into Common Stock

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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%
Net income-$35.3M-166%
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$1.4B+52.1%
Enterprise value$1.09B+24.4%
P/S19.6×-81.0×

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 rcat:ConversionOfConvertibleNotesIntoCommonStock.

The source filing: Red Cat Holdings, Inc.’s 10-Q, filed May 7, 2026. Open the filing →

Filed
May 7, 2026, 4:14 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032121

FAQ

What is Red Cat Holdings, Inc.'s conversion of convertible notes into common stock?
Red Cat Holdings, Inc. (RCAT) reported conversion of convertible notes into common stock of $5.06M in Q1 2026.
What does conversion of convertible notes into common stock mean?
This metric tracks the non-cash transaction where debt holders exchange their convertible notes for shares of common stock. It signifies a reduction in the company's total debt obligations and a corresponding increase in equity, effectively deleveraging the balance sheet. This conversion is a critical indicator of the company's transition from debt-funded growth to equity-based capital structures.

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