Company research
Red Cat Holdings, Inc.
CIK 748268Updated Sep 27, 2026
SecurityRCAT · NASDAQ · equity
Name history
TimefireVR Inc. · through Jul 31, 2019EnergyTEK Corp. · through Nov 18, 2016BROADLEAF CAPITAL PARTNERS INC · through Jun 30, 2014BROADLEAF CAPITAL PARTNERS INC · through Sep 28, 2004PEACOCK FINANCIAL CORP · through Feb 21, 2002
RCAT price & chart
Loading TradingView…
NASDAQ:RCAT on TradingView ↗About the company
Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat develops American-made hardware and software that support military, government, and public safety operations across air, land, and sea. Its Family of Systems, led by Black Widow™, delivers unmatched tactical capabilities in small, unmanned aircraft systems (sUAS). Expanding into the maritime domain through Blue Ops, Inc., Red Cat is also innovating in uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness. Learn more at www.redcat.red.
In the news
The Next Big Drone Opportunity: A Potential $200 Billion-Plus Global Services Market Takes Shape ↗
Red Cat Announces Multiyear Partnership with Washington Commanders to Support America's Military Community ↗
Autonomous Underwater Vehicles (AUV) Emerging as Fastest-Growing Segment in Naval Defense Tech ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 273,677,000Source | 55,604,267Source | 60,193,090Source | 85,078,625Source |
| Property, Plant and Equipment, NetUSD | 7,797,000Source | 1,880,709Source | 2,650,358Source | 511,690Source |
| GoodwillUSD | 17,671,000Source | 17,671,065Source | 17,012,832Source | 25,138,750Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 6,919,000Source | 8,453,068Source | 7,343,004Source | 2,698,531Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 26,155,000Source | 489,316Source | 780,969Source | 495,506Source |
| Inventory, NetUSD | 23,452,000Source | 12,950,941Source | 11,986,527Source | 3,895,870Source |
| Assets, CurrentUSD | 226,938,000Source | 25,798,257Source | 32,175,012Source | 55,653,297Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,524,000Source | — | 2,421,538Source | 1,707,085Source |
| Operating Lease, Right-of-Use AssetUSD | 13,125,000Source | 1,491,345Source | 704,851Source | 1,019,324Source |
| Other Assets, NoncurrentUSD | 1,227,000Source | 309,823Source | 307,033Source | 57,033Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 27,845,000Source | 5,484,714Source | — | — |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 47Source | — | — |
| Common Stock, Value, IssuedUSD | 120,000Source | 85,215Source | 54,568Source | 53,749Source |
| Additional Paid in CapitalUSD | 442,532,000Source | 174,778,994Source | 109,993,100Source | 106,821,384Source |
| Retained Earnings (Accumulated Deficit)USD | -196,820,000Source | -124,744,703Source | -54,586,793Source | -27,499,056Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | -861,117Source | -1,470,272Source |
| Stockholders' Equity Attributable to ParentUSD | 245,832,000Source | 50,119,553Source | 54,609,625Source | 77,915,672Source |
| Liabilities and EquityUSD | 273,677,000Source | 55,604,267Source | 60,193,090Source | 85,078,625Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 14,846,000Source | 4,178,650Source | 4,760,616Source | 5,439,421Source |
| Operating Lease, Liability, CurrentUSD | 1,011,000Source | 311,532Source | 331,258Source | 293,799Source |
| Accounts Payable, CurrentUSD | 3,619,000Source | 2,049,519Source | 1,999,422Source | 1,018,747Source |
| Operating Lease, Liability, NoncurrentUSD | 12,556,000Source | 1,306,064Source | 421,280Source | 749,825Source |
| Deferred Income Tax Liabilities, NetUSD | 443,000Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 5,087,000Source | 1,240,115Source | 518,919Source | 1,084,494Source |
| Deferred Tax Liabilities, NetUSD | 443,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 401,569Source | 973,707Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 2,265,000Source | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 3,656,724Source | 3,291,635Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 25,666,000Source | 3,641,228Source | -285,463Source | -74,317Source |
| Increase (Decrease) in InventoriesUSD | 10,501,000Source | -913,336Source | -8,090,657Source | -2,229,487Source |
| Increase (Decrease) in Accounts PayableUSD | 1,569,000Source | 187,872Source | 980,675Source | -1,173,472Source |
| Deferred Income Tax Expense (Benefit)USD | 443,000Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | -29,199,420Source | -16,019,320Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | 29,590,235Source | -46,603,486Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | -1,215,325Source | 66,430,274Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | 2,806,864Source | -824,510Source | 3,807,468Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 6,067,169Source | 3,260,305Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 0Source | 70,177Source | 122,103Source | 164,573Source |
| Income Taxes Paid, NetUSD | 0Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 10,562,000Source | 3,609,267Source | — | — |
| Amortization of Intangible AssetsUSD | 1,500,000Source | 854,311Source | 654,527Source | 224,638Source |
| DepreciationUSD | 700,000Source | 568,813Source | 311,545Source | 40,165Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | -1,019,292Source | -1,042,129Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | 11,353,875Source | — | — |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 0Source | -503,625Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | 0Source | -503,625Source | — | — |
| Gain (Loss) on InvestmentsUSD | — | 651,943Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 3,211,000Source | — | — | — |
| General and Administrative ExpenseUSD | 36,875,000Source | 11,214,154Source | 6,618,596Source | 5,548,589Source |
| GoodwillUSD | 17,671,000Source | 9,088,550Source | 17,012,832Source | 25,138,750Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | 412,999Source | 2,826,918Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -72,075,000Source | -21,526,696Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -2,525,933Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | -2,525,933Source | — | — |
| Income Tax Expense (Benefit)USD | 443,000Source | — | — | — |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 0Source | -851,986Source | — | — |
| Marketable Securities, Unrealized Gain (Loss)USD | — | 864,165Source | 610,129Source | — |
| Net Income (Loss) Attributable to ParentUSD | -72,075,000Source | -24,052,629Source | -27,087,737Source | -11,689,128Source |
| Nonoperating Income (Expense)USD | -5,035,000Source | 2,227,360Source | — | — |
| Operating ExpensesUSD | 67,871,000Source | 22,979,882Source | 26,790,266Source | 13,927,801Source |
| Operating Lease, ExpenseUSD | 1,300,000Source | 351,369Source | 395,248Source | 254,906Source |
| Other Nonoperating Income (Expense)USD | 487,000Source | -708,265Source | 39,324Source | 1,313,158Source |
| Payments to Acquire InvestmentsUSD | — | — | — | 57,619,881Source |
| Proceeds from Issuance of Common StockUSD | 249,249,000Source | — | — | 70,065,203Source |
| Proceeds from Stock Options ExercisedUSD | 1,685,000Source | 2,655Source | — | — |
| Stock or Unit Option Plan ExpenseUSD | — | 2,619,501Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 40,729,000Source | — | — | — |
| Cost of RevenueUSD | 39,455,000Source | 14,155,836Source | 10,248,575Source | 5,503,448Source |
| Operating Income (Loss)USD | -66,597,000Source | -19,299,336Source | — | — |
| Other Nonoperating Income (Expense)USD | 487,000Source | -708,265Source | 39,324Source | 1,313,158Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -71,632,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 443,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -72,075,000Source | -24,052,629Source | -27,087,737Source | -11,689,128Source |
| Earnings Per Share, BasicUSD per share | -0.73Source | -0.4Source | — | — |
| Earnings Per Share, DilutedUSD per share | -0.73Source | -0.4Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 98,957,000Source | 60,118,675Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 98,957,000Source | 60,118,675Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,500,000Source | 854,311Source | 654,527Source | 224,638Source |
| Gain (Loss) on InvestmentsUSD | — | 651,943Source | — | — |
| General and Administrative ExpenseUSD | 36,875,000Source | 11,214,154Source | 6,618,596Source | 5,548,589Source |
| Gross ProfitUSD | 1,274,000Source | 3,680,546Source | -336,795Source | 925,515Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -72,075,000Source | -21,526,696Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -71,632,000Source | -17,876,212Source | -27,127,061Source | -13,002,286Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.73Source | -0.36Source | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.73Source | -0.36Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -2,525,933Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | -2,525,933Source | — | — |
| Interest ExpenseUSD | — | 68,609Source | 122,004Source | 147,724Source |
| Interest Income (Expense), Nonoperating, NetUSD | 2,711,000Source | 68,609Source | — | — |
| Investment Income, NetUSD | — | -651,943Source | 137,787Source | 355,769Source |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 0Source | -851,986Source | — | — |
| Marketing and Advertising ExpenseUSD | — | 4,568,617Source | 4,028,007Source | 1,127,532Source |
| Nonoperating Income (Expense)USD | -5,035,000Source | 2,227,360Source | — | — |
| Operating ExpensesUSD | 67,871,000Source | 22,979,882Source | 26,790,266Source | 13,927,801Source |
| Operating Lease, ExpenseUSD | 1,300,000Source | 351,369Source | 395,248Source | 254,906Source |
| Other Cost and Expense, OperatingUSD | — | — | 4,411,685Source | 1,353,904Source |
| Research and Development ExpenseUSD | 17,890,000Source | 6,266,129Source | 5,248,336Source | 2,606,141Source |
| Selling and Marketing ExpenseUSD | 13,106,000Source | 5,086,600Source | — | — |
Filing attachments
tm2615163d1_ex99-1.htm · 8-K · 2026-05-20
EX-99.1 2 tm2615163d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Red Cat Closes Acquisition of Quaze Technologies Acquisition adds wireless power capability to Red Cat’s all-domain systems, removing a critical bottleneck to persistent autonomous operations across air, land and maritime environments SALT LAKE CITY - May 20, 2026 (GLOBE NEWSWIRE) - Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defen…
Read attachment ↗tm2614279d7_ex99-1.htm · 8-K · 2026-05-14
EX-99.1 4 tm2614279d7_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Red Cat Announces Proposed Public Offering of Common Stock SALT LAKE CITY, UT., May 12, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, announced today that it intends to offer and sell shares of its common stock in an underwritten public offering. Red Cat is offering $200.0 million of…
Read attachment ↗tm2614279d7_ex99-2.htm · 8-K · 2026-05-14
EX-99.2 5 tm2614279d7_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Red Cat Announces Pricing of Public Offering of Common Stock SALT LAKE CITY, UT., May 12, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, announced today the pricing of an underwritten public offering at a price to the public of $9.40 per share. Red Cat is selling 23,936,171 shares of …
Read attachment ↗ex99-1.htm · 8-K · 2025-12-02
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Red Cat Announces Key Leadership Transitions Red Cat’s Current CFO Christian Ericson Promoted to COO; Christian Morrison Joins as CFO SAN JUAN, Puerto Rico, Dec. 2, 2025 (GLOBE NEWSWIRE) - Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced two strategic leadership transitions designed to strengthen operation…
Read attachment ↗tm2526539d1_ex99-1.htm · 8-K · 2025-09-19
EX-99.1 3 tm2526539d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Red Cat Holdings Announces Proposed Public Offering of Common Stock SAN JUAN, Puerto Rico, September 17, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today that it intends to offer and sell shares of its common stock in an underwritten public offering. In con…
Read attachment ↗tm2526539d1_ex99-2.htm · 8-K · 2025-09-19
EX-99.2 4 tm2526539d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Red Cat Holdings Announces Pricing of $150,000,000 Public Offering of Common Stock SAN JUAN, Puerto Rico, September 18, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today the pricing of an underwritten public offering of 15,625,000 shares of common stock at a…
Read attachment ↗