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Red Cat Holdings, Inc. RCAT Return on invested capital

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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+65.7%
Enterprise value$1.09B+38.7%
P/S19.6×-72.8×

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

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

Based on trailing twelve months.

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

Filed
Aug 6, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054368

FAQ

What is Red Cat Holdings, Inc.'s return on invested capital?
Red Cat Holdings, Inc. (RCAT) reported return on invested capital of -100.9% in Q2 2026.
How has Red Cat Holdings, Inc.'s return on invested capital changed year-over-year?
Red Cat Holdings, Inc.'s return on invested capital increased by 22.1% year-over-year, from -129.6% to -100.9%.
What is the long-term trend for Red Cat Holdings, Inc.'s return on invested capital?
Over 2 years (2023 to 2025), Red Cat Holdings, Inc.'s return on invested capital has grown at a 48.7% compound annual growth rate (CAGR), from -43.2% to -95.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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