Red Cat Holdings, Inc.
Company snapshot
A consistent view of the latest supported company value and reported operating results.
Fundamental lens
Four transparent questions from retained financial evidence. Each result stands on its own; Grizzly Bulls does not combine them into a score, ranking, or recommendation.
Trailing-twelve-month net income is negative. As of 2026-06-30.
The retained reader does not currently have the required trailing-twelve-month fact.
Reported current assets exceed reported current liabilities on the latest comparable retained balance sheet. As of 2026-06-30.
Comparable retained change history is not available through this reader.
How this lens works
Profitability uses only the sign of retained trailing-twelve-month net income. Cash generation uses only the sign of retained trailing-twelve-month free cash flow, defined as operating cash flow less capital expenditures.
Liquidity compares current assets with current liabilities only when both are retained for the same reporting date. It does not infer liquidity from differently dated balance sheets.
Recent operating direction uses the latest supported material financial event when comparable history exists. The existing change methodology requires at least a 10% absolute change or a sign/zero transition and compares quarterly results only with the same fiscal quarter year over year.
Market summary
Completed-session reference prices from IEX for Oct 16, 2026.
Price statistics
IEX historical data reflects IEX activity only and is presented as a source-scoped reference point, not as consolidated U.S. market history. Prices are unadjusted. Price returns exclude dividends and are not total returns. Historical statistics appear only when the retained source-session chain is complete and no split-like share-basis discontinuity is detected for that calculation window.
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use.
Price history
Recent completed-session closing-price history for this listing. The chart shows raw, unadjusted single-exchange reference observations rather than a consolidated U.S. market close.
Derived reference metrics are omitted for this listing because the required history-quality checks did not clear for the full retained window.
About this market data
IEX historical data reflects IEX activity only and is presented as a source-scoped reference point, not as consolidated U.S. market history.
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use.
The raw chart can show a discontinuity around a stock split because it is intentionally unadjusted. The screened metrics use only explicitly registered positive split events and do not assert complete split history.
Listing & sources
Ticker: RCAT · Exchange: Nasdaq · Common stock, par value $0.001
SEC issuer CIK: 0000748268
Listing source refreshed: 2026-09-13
Financials
SEC-reported financial statement history with filing dates preserved. Annual view retains up to four fiscal years; quarterly view retains up to five fiscal quarters. Missing cells mean a supported fact is unknown and are not treated as zero.
Income statement
| Metric | TTM · 2026-06-30 | FY 2025 · 2025-12-31 | FY 2025 · 2024-04-30 | 2023-04-30 | FY 2023 · 2022-04-30 |
|---|---|---|---|---|---|
| Revenue | $71.54M Filed 2026-08-06 | $40.73M Filed 2026-03-19 | $17.84M Filed 2026-03-19 | $1.31M Filed 2024-08-08 | $6.43M Filed 2023-07-27 |
| Cost of revenue | $64.57M Filed 2026-08-06 | $39.46M Filed 2026-03-19 | $14.16M Filed 2026-03-19 | $5.46M Filed 2024-08-08 | $5.5M Filed 2023-07-27 |
| Gross profit | $6.97M Filed 2026-08-06 | $1.27M Filed 2026-03-19 | $3.68M Filed 2026-03-19 | -$834,311 Filed 2024-08-08 | $925,515 Filed 2023-07-27 |
| Operating expenses | $114.39M Filed 2026-08-06 | $67.87M Filed 2026-03-19 | $22.98M Filed 2026-03-19 | $24.54M Filed 2024-08-08 | $13.93M Filed 2023-07-27 |
| Operating income | -$107.42M Filed 2026-08-06 | -$66.6M Filed 2026-03-19 | -$19.3M Filed 2026-03-19 | -$26.38M Filed 2024-08-08 | Unknown |
| Pretax income | -$97.01M Filed 2026-08-06 | -$71.63M Filed 2026-03-19 | -$21.53M Filed 2026-03-19 | Unknown | Unknown |
| Income tax expense | $471,000 Filed 2026-08-06 | $443,000 Filed 2026-03-19 | $0 Filed 2026-03-19 | Unknown | Unknown |
| Net income | -$97.48M Filed 2026-08-06 | -$72.08M Filed 2026-03-19 | -$24.05M Filed 2026-03-19 | -$28.11M Filed 2024-08-08 | -$11.69M Filed 2023-07-27 |
| Diluted EPS | Unavailable | -$0.73 Filed 2026-03-19 | -$0.40 Filed 2026-03-19 | Unknown | Unknown |
| Diluted shares | Unavailable | 98.96M Filed 2026-03-19 | 60.12M Filed 2026-03-19 | Unknown | Unknown |
Balance sheet
| Metric | FY 2025 · 2025-12-31 | FY 2025 · 2024-04-30 | 2023-04-30 | FY 2023 · 2022-04-30 |
|---|---|---|---|---|
| Current assets | $226.94M Filed 2026-03-19 | $22.4M Filed 2024-08-08 | $32.18M Filed 2024-08-08 | $55.65M Filed 2023-07-27 |
| Current liabilities | $14.85M Filed 2026-03-19 | $3.65M Filed 2024-08-08 | $4.05M Filed 2024-08-08 | $5.44M Filed 2023-07-27 |
| Short-term borrowings | $350,000 Filed 2026-03-19 | $751,570 Filed 2024-08-08 | $922,138 Filed 2024-08-08 | $956,897 Filed 2023-07-27 |
| Long-term debt, noncurrent | Unknown | Unknown | $401,569 Filed 2024-08-08 | $973,707 Filed 2023-07-27 |
| Total assets | $273.68M Filed 2026-03-19 | $48.54M Filed 2024-08-08 | $60.74M Filed 2024-08-08 | $85.08M Filed 2023-07-27 |
| Total liabilities | $27.85M Filed 2026-03-19 | Unknown | Unknown | Unknown |
| Stockholders’ equity | $245.83M Filed 2026-03-19 | $43.56M Filed 2026-03-19 | $54.77M Filed 2026-03-19 | $79.09M Filed 2024-08-08 |
Cash flow
| Metric | TTM · 2026-06-30 | FY 2025 · 2025-12-31 | FY 2025 · 2024-04-30 | 2023-04-30 | FY 2023 · 2022-04-30 |
|---|---|---|---|---|---|
| Operating cash flow | Unknown | Unknown | Unknown | -$29.2M Filed 2023-07-27 | -$16.02M Filed 2023-07-27 |
| Depreciation & amortization | Unknown | $2.27M Filed 2026-03-19 | $1.42M Filed 2026-03-19 | Unknown | Unknown |
| Capital expenditures | $18.62M Filed 2026-08-06 | $6.65M Filed 2026-03-19 | $259,000 Filed 2026-03-19 | $2.45M Filed 2024-08-08 | $363,689 Filed 2023-07-27 |
Calculated from the latest TTM financials
Source: SEC filings. Financial facts retain filing dates and are shown only when the retained source and period alignment support them.
Valuation
Reference valuation uses the latest retained completed-session IEX close and the latest supported SEC-reported share count for a simple single ordinary-share structure.
Open this stock in the Valuation Lab →
Shares outstanding: 152.71M · reported as of 2026-08-04 · filed 2026-08-06
The price is a source-scoped IEX reference close, not a consolidated U.S. market close. P/E and enterprise-value multiples are omitted unless compatible common-equity earnings and complete financing scope are established rather than inferred from adjacent statement fields.
Statistics
Reproducible trailing, quarterly, and annual statistics from retained SEC financials. Growth and return measures appear only when the required reporting periods align; missing denominators are omitted rather than estimated.
Trailing, quarterly, and annual profitability, return, and growth measures derived from retained SEC financials.
Latest annual liquidity measures using same-period reported current assets and current liabilities.
Trailing cash generation plus latest annual dividends and share repurchases where reported.
Historical financial statistics are descriptive accounting measures, not rankings or investment recommendations.
Ownership
No reviewed company-level insider ownership record is available for this listing.