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Red Cat Holdings, Inc. RCAT Product — Revenue

Other product segments

Service
$260K

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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$1.55B+215%
Enterprise value$1.43B+180%
P/S28.4×-11.4×

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

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

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 product — revenue?
Red Cat Holdings, Inc. (RCAT) reported product — revenue of $15.21M in Q1 2026.
How has Red Cat Holdings, Inc.'s product — revenue changed year-over-year?
Red Cat Holdings, Inc.'s product — revenue increased by 833.2% year-over-year, from $1.63M to $15.21M.
What does product — revenue mean?
This metric represents the total gross revenue generated from the sale of physical robotic hardware and integrated drone systems. It reflects the company's ability to monetize its core technological offerings and scale manufacturing capabilities within the defense and military sectors. Tracking this revenue stream provides insight into market adoption of the company's proprietary hardware platforms and the overall growth trajectory of its primary product lines.