Red Cat Holdings, Inc. (RCAT): Cost of Revenue

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the year ended 2023-04-30 (for example after a spin-off or a discontinued operation), while the year before it was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

$39.45M

Year ended 2025-12-31

2020-04-30 Cost of Revenue (USD) 2025-12-31

Period ended	Cost of Revenue	Change YoY	Source filing
2025-12-31	$39.45M	n/a	2026-03-19, From 2025-01-01
No annual figure between 2024-04-30 and 2025-12-31.
2024-04-30	$14.15M	+159.5%	2026-03-19, From 2023-05-01
2023-04-30	$5.46M	n/c	2024-08-08, From 2022-05-01
2022-04-30	$5.50M	+40.0%	2023-07-27, From 2021-05-01
2021-04-30	$3.93M	n/m	2022-08-15, From 2020-05-01
2020-04-30	$325.4K	n/a	2021-08-12, From 2019-05-01

Cost of Revenue at similar companies

Companies with the same SEC industry code (Services-Prepackaged Software), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

Company	Year ended	Cost of Revenue	Change YoY
Red Cat Holdings, Inc. (RCAT)	2025-12-31	$39.45M	n/a
Audioeye Inc (AEYE)	2025-12-31	$8.76M	+20.6%
Baijiayun Group Ltd (RTCJF)	2025-06-30	$33.57M	-28.3%
Lianhe Sowell International Group Ltd (LHSW)	2026-03-31	$34.01M	+26.1%
Marchex Inc (MCHX)	2025-12-31	$16.63M	-3.2%
Fdctech, Inc. (FDCT)	2025-12-31	$15.82M	+6.1%
Helport AI Ltd (HPAI)	2025-06-30	$15.73M	+43.0%
Taoping Inc. (TAOP)	2025-12-31	$27.45M	-5.0%
Zedge, Inc. (ZDGE)	2025-07-31	$147.00M	+425.0%

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