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Discontinued — last reported Q1 '26

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Segments

By product

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Service$260K

Other financials

Income statement

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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$1.26B+44.6%
Enterprise value$1.14B+38.1%
P/S23×-71.9×

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

Filed
May 7, 2026, 4:14 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032121
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Revenues$15,471$1,630
Cost of goods sold13,5062,480
Gross profit (loss)1,965(850)
Operating Expenses
Research and development7,9723,433
Sales and marketing4,5773,315
General and administrative16,7184,880
Total operating expenses29,26711,628

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Red Cat Holdings, Inc.'s total revenue?
Red Cat Holdings, Inc. (RCAT) reported total revenue of $15.47M in Q1 2026.
How has Red Cat Holdings, Inc.'s total revenue changed year-over-year?
Red Cat Holdings, Inc.'s total revenue increased by 849.3% year-over-year, from $1.63M to $15.47M.
What is the long-term trend for Red Cat Holdings, Inc.'s total revenue?
Over 3 years (2021 to 2025), Red Cat Holdings, Inc.'s total revenue has grown at a 96.0% compound annual growth rate (CAGR), from $5.41M to $40.73M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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