RCAT
Red Cat Holdings Inc
NASDAQ: RCAT · INDUSTRIALS · AEROSPACE & DEFENSE
$11.72
+5.87% today
Updated 2026-04-30
Market cap
$1.37B
P/E ratio
—
P/S ratio
33.73x
EPS (TTM)
$-0.73
Dividend yield
—
52W range
$5 – $19
Volume
16.2M
Red Cat Holdings Inc (RCAT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $391543.00 | $108091.00 | $425027.00 | $-67460.00 | $7600.00 | $-30959.00 | $31744.00 | $8467.00 | $42094.00 | $6500.00 | $203640.00 | $933.00 | $105129.00 | $105129.00 | $403940.00 | $5.00M | $6.43M | $4.62M | $17.84M | $7.28M |
| Revenue growth (YoY) | — | -72.4% | +293.2% | -115.9% | +111.3% | -507.4% | +202.5% | -73.3% | +397.2% | -84.6% | +3032.9% | -99.5% | +11167.8% | +0.0% | +284.2% | +1137.7% | +28.6% | -28.1% | +286.0% | -59.2% |
| Cost of revenue | — | — | — | — | — | — | $24471.00 | — | $20084.00 | $49769.00 | $105901.00 | $280.00 | $351843.00 | $351843.00 | $325379.00 | $3.93M | $5.50M | $5.46M | $14.16M | $9.31M |
| Gross profit | — | — | — | — | $-28960.00 | $-30959.00 | $7273.00 | $8467.00 | $22010.00 | $9635.00 | $97739.00 | $653.00 | $-246714.00 | $-246714.00 | $78561.00 | $1.07M | $925515.00 | $-834311.00 | $3.68M | $-2.03M |
| Gross margin | 0.0% | 0.0% | 0.0% | 0.0% | -381.1% | 100.0% | 22.9% | 100.0% | 52.3% | 148.2% | 48.0% | 70.0% | -234.7% | -234.7% | 19.4% | 21.4% | 14.4% | -18.1% | 20.6% | -28.0% |
| R&D | — | — | — | — | — | — | — | — | — | $353398.00 | $860533.00 | $993934.00 | $0.00 | $366590.00 | $488990.00 | $516084.00 | $2.61M | $5.86M | $6.29M | $9.92M |
| SG&A | $6485.00 | $9024.00 | $27654.00 | $16578.00 | $25828.00 | $53777.00 | $230391.00 | $10250.00 | — | $10500.00 | $734746.00 | $1.64M | $1.56M | $384742.00 | $1.25M | $4.67M | $8.84M | $12.74M | $10.68M | $17.19M |
| Operating income | — | — | — | — | $-96483.00 | $-46160.00 | $-223118.00 | $-28076.00 | $-394993.00 | $-379918.00 | $-1.45M | $-185403.00 | $-2.17M | $-751332.00 | $-1.66M | $-4.88M | $-13.00M | $-26.34M | $-17.88M | $-38.76M |
| Operating margin | 0.0% | 0.0% | 0.0% | 0.0% | -1269.5% | 149.1% | -702.9% | -331.6% | -938.4% | -5844.9% | -713.2% | -19871.7% | -2067.5% | -714.7% | -410.7% | -97.5% | -202.2% | -570.0% | -100.2% | -532.8% |
| EBITDA | $410913.00 | $124922.00 | $424206.00 | $-47461.00 | $-33795.00 | $-46160.00 | $842438.00 | $-28076.00 | $-7.34M | $-370472.00 | $-3.35M | $3.11M | — | $-659220.00 | $-1.60M | $-11.98M | $-11.28M | $-22.54M | $-16.04M | $-36.50M |
| EBITDA margin | 104.9% | 115.6% | 99.8% | 70.4% | -444.7% | 149.1% | 2653.8% | -331.6% | -17436.3% | -5699.6% | -1647.1% | 333705.7% | 0.0% | -627.1% | -396.6% | -239.5% | -175.4% | -487.9% | -89.9% | -501.7% |
| EBIT | $385058.00 | $99067.00 | $397373.00 | $-84038.00 | $564707.00 | $-46160.00 | $-223118.00 | $-28076.00 | $-7.36M | $-379918.00 | $-3.37M | $3.10M | $-2.66M | $-751332.00 | $-1.66M | $-12.01M | $-11.54M | $-23.51M | $-17.46M | $-38.62M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $36577.00 | $38576.00 | $9490.00 | $195921.00 | $4355.00 | $1817.00 | $10399.00 | $376085.00 | $0.00 | $500182.00 | $57215.00 | $1.22M | $147724.00 | $122004.00 | $68609.00 | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $385058.00 | $99067.00 | $397373.00 | $-84038.00 | $-70375.00 | $-84736.00 | $832948.00 | $158394.00 | $-7.36M | $-381735.00 | $-3.38M | $1.13M | $-2.64M | $-751332.00 | $-1.60M | $-13.24M | $-11.69M | $-28.11M | $-24.05M | $-65.42M |
| Net income growth (YoY) | — | -74.3% | +301.1% | -121.1% | +16.3% | -20.4% | +1083.0% | -81.0% | -4746.8% | +94.8% | -784.6% | +133.4% | -334.2% | +71.6% | -113.2% | -726.3% | +11.7% | -140.5% | +14.4% | -172.0% |
| Profit margin | 98.3% | 91.7% | 93.5% | 124.6% | -926.0% | 273.7% | 2624.0% | 1870.7% | -17485.2% | -5872.8% | -1658.2% | 120989.0% | -2514.4% | -714.7% | -396.6% | -264.7% | -181.8% | -608.3% | -134.9% | -899.2% |