Red Cat Holdings, Inc. (RCAT)

Name: Red Cat Holdings, Inc. (RCAT) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

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CIK 0000748268 · Nasdaq · Services-Prepackaged Software

Sector Services
Fiscal year ends around Dec 31

For the year ended 2025-12-31, Red Cat Holdings, Inc. reported revenue of $40.73M.

Key ratios (year ended 2025-12-31)

3.1%

Gross margin

-163.5%

Operating margin

-177.0%

Net margin

-29.3%

Return on year-end equity

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Latest selected filing: Form 4 (ownership change) · 2026-10-19

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

Period ended	2025-12-31	2024-12-31	2024-04-30	2023-04-30	2022-04-30	2021-04-30	2020-04-30	2019-04-30	2018-12-31	2017-12-31
Revenue	$40.73M	n/a	$17.84M	$4.62M	n/a	n/a	n/a	n/a	n/a	n/a
Cost of Revenue	$39.45M	n/a	$14.15M	$5.46M	$5.50M	$3.93M	$325.4K	n/a	n/a	n/a
Gross Profit	$1.27M	n/a	$3.68M	-$834.3K	$925.5K	$1.07M	$78.6K	n/a	-$246.7K	$653
R&D Expense	$17.89M	n/a	$6.27M	$5.60M	$2.61M	$516.1K	$489.0K	$366.6K	n/a	$993.9K
Operating Income	-$66.60M	n/a	-$19.30M	-$26.38M	n/a	n/a	-$1.66M	-$751.3K	n/a	-$1.09M
Depreciation & Amortization	$2.27M	n/a	$1.42M	n/a	n/a	n/a	n/a	n/a	n/a	n/a
EBITDA	-$64.33M	n/a	-$17.88M	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Income	-$72.08M	n/a	-$24.05M	-$28.11M	-$11.69M	-$13.24M	-$1.60M	-$751.3K	n/a	$1.13M
EPS (Diluted)	-$0.73	n/a	-$0.40	n/a	n/a	n/a	n/a	n/a	-$0.02	$0.04
Total Assets	$273.68M	$55.60M	$48.54M	$60.74M	$85.08M	$11.69M	$2.81M	$603.4K	$262.4K	$750.2K
Total Liabilities	$27.84M	$5.49M	n/a	n/a	n/a	n/a	n/a	n/a	$2.77M	$2.61M
Shareholders' Equity	$245.83M	$50.12M	$43.56M	$54.77M	$77.92M	$5.27M	$1.53M	-$187.3K	-$2.51M	-$3.36M
Cash & Equivalents	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$5.8K	$559.2K
Operating Cash Flow	-$89.13M	n/a	-$17.72M	-$24.31M	n/a	n/a	n/a	n/a	n/a	n/a
Capital Expenditures	$6.65M	n/a	$259.0K	$2.45M	$363.7K	n/a	n/a	n/a	$974.3K	n/a
Free Cash Flow	-$95.78M	n/a	-$17.98M	-$26.76M	n/a	n/a	n/a	n/a	n/a	n/a
Shares Outstanding	120.07M	85.22M	74.29M	54.57M	53.75M	29.43M	20.01M	179.3K	235.46M	47.27M
Weighted Average Diluted Shares	98.96M	n/a	60.12M	n/a	n/a	n/a	n/a	n/a	196.80M	69.72M
EPS (Basic)	-$0.73	n/a	-$0.40	n/a	n/a	n/a	n/a	n/a	-$0.02	$0.06

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