Red Cat Holdings, Inc. RCAT R2K
Industrials · Aerospace & Defense · United States
Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States. The company designs and manufactures small and tactical unmanned aircraft systems (UAS), such as BLACK WIDOW, a short-range reconnaissance war fighter with selectable integrated AI software capabilities; TEAL 2, a blue UAS product of defense used by combat soldiers, police officers, firefighters, wildlife managers, and industrial inspectors; and FANG, a first-person view small UAS. It also develops and produces long-endurance, vertical takeoff, and landing fixed-wing unmanned aircraft systems designed for extended-range intelligence, surveillance, and reconnaissance missions, such as THE EDGE 130. In addition, the company develops BLUE OPS, a battle-tested uncrewed surface vessel weapons system. Further, it provides FANG FPV DRONE, part of ARACHNID family of unmanned intelligence. Red Cat Holdings, Inc. is based in South Salt Lake, Utah.
READ MORE ›$14.50
+143.70% 1Y
Market & Price
Market Cap
$2.21B
Current Price
$14.50
High / Low (52W)
$17.36 / $5.95
Beta
1.22
Valuation
Stock P/E
-
Industry PE
28.38
Forward P/E
-
PEG Ratio
-
Book Value
$2.05
Price to Book
7.08
P/S
40.44
EV/EBITDA
-21.05
Dividend Yield
-
Profitability & Returns
ROCE
-25.73%
ROE
-56.42%
ROA
-29.80%
Profit Margin
-
Op Margin
-
EPS (Latest Qtr)
$-0.22
EPS (TTM)
$-0.68
Balance Sheet & Liquidity
Debt/Equity
0.06
Quick Ratio
7.47
Current Ratio
10.99
Debt
$13.79M
Total Assets
$273.68M
Current Assets
$226.94M
Working Capital
$212.09M
Ownership
Promoter Holding
9.11%
Chg in Prom Hold
-
FII / Inst Holding
45.60%
Chg in FII Hold
0.04%
Financial Snapshot
Enterprise Value
$1.66B
Total Revenue (TTM)
$54.57M
EBITDA
$-78.93M
Free Cash Flow
$-89.16M
Operating Cash Flow
$-105.17M
Shares Outstanding
152.19M
Gross Margin
7.49%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
85.04%
Profit 5Y
-172.20%
Revenue (YoY)
849.10%
Earnings (YoY)
-
PROS
- Compounding revenue at 85.0% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -172.2% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RCAT Red Cat Holdings, Inc. R2K | 14.50 | - | $2.21B | - | -25.73% | -56.42% | 85.04% | -172.20% |
| 2 | CAT Caterpillar Inc. SPX | 875.87 | 43.66 | $403.42B | 0.69% | 19.42% | 51.33% | 4.38% | 9.83% |
| 3 | GE GE Aerospace SPX | 323.76 | 40.17 | $338.27B | 0.58% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 968.32 | 28.33 | $260.21B | 0.21% | 6.30% | 75.71% | 8.68% | 92.84% |
| 5 | RTX RTX Corporation SPX | 179.66 | 33.64 | $241.95B | 1.54% | 9.41% | 11.57% | 9.72% | 9.01% |
| 6 | UNP Union Pacific Corporation SPX | 262.64 | 21.60 | $155.93B | 2.10% | 16.19% | 40.69% | -0.49% | 0.66% |
| 7 | ETN Eaton Corporation plc SPXAI | 400.60 | 39.20 | $155.55B | 1.10% | 16.23% | 20.84% | 9.77% | 18.41% |
| 8 | HON Honeywell International Inc. NDXSPX | 237.86 | 38.00 | $150.72B | 2.00% | 13.57% | 24.26% | 1.82% | -1.62% |
| 9 | DE Deere & Company SPX | 542.18 | 30.67 | $146.45B | 1.20% | 12.82% | 18.35% | -4.50% | -11.00% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Jul 2018 | Sep 2018 | Oct 2018 | Jan 2019 | Mar 2019 | Jul 2019 | Oct 2019 | Jan 2020 | Jul 2020 | Oct 2020 | Jan 2021 | Jul 2021 | Oct 2021 | Jan 2022 | Jul 2022 | Oct 2022 | Jan 2023 | Jul 2023 | Oct 2023 | Jan 2024 | Mar 2024 | Jun 2024 | Jul 2024 | Sep 2024 | Oct 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 310.88K | 529.44K | - | - | 3.21M | 886.44K | 1.29M | - | 1.63M | 3.22M | 9.65M | 26.23M | 15.47M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.48M | 2.84M | 9.01M | 25.12M | 13.51M |
| Gross Profit | 12.22K | 654 | 0 | 0 | - | - | 342 | 238 | - | -47.09K | - | -81.83K | - | - | -32.44K | - | - | 18.30K | 102.15K | 99.05K | 569.72K | 102.40K | 152.58K | 339.78K | 82.12K | 123.85K | -96.93K | 174.66K | 1.20M | 1.10M | 1.12M | 267.80K | -483.39K | -391.96K | - | -850.00K | 375.05K | 637.50K | 1.11M | 1.97M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.63M | 13.02M | 18.17M | 25.05M | 29.27M |
| Operating Income | -41.92K | -92.82K | -44.67K | -166.63K | -592.54K | -450.77K | -344.07K | -90.28K | -636.50K | -484.01K | - | -407.31K | - | - | -163.97K | - | - | - | - | - | - | - | - | - | - | - | -5.18M | -5.59M | -5.24M | -4.45M | -6.04M | -5.38M | -12.42M | -8.44M | - | -12.48M | -12.65M | -17.53M | -23.94M | -27.30M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -11.89M | -12.12M | -16.99M | -23.33M | -26.49M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -23.12M | -13.28M | -15.32M | -19.91M | -26.55M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 694.56K | -251.56K | 5.00K |
| Net Income | - | - | - | -170.83K | -596.82K | 1.43M | 458.86K | -328.23K | -452.08K | -477.92K | -146.45K | -511.15K | -157.88K | -327.05K | -288.47K | -321.50K | -216.12K | -438.62K | -383.24K | -722.28K | -8.98M | -1.56M | -2.74M | -2.56M | -3.81M | -6.24M | -5.67M | -5.84M | -5.84M | -5.49M | -6.78M | -8.16M | -12.42M | -12.43M | - | -23.12M | -13.28M | -16.02M | -19.66M | -26.55M |
| Diluted EPS | 0.00 | -0.10 | - | 0.00 | -0.02 | 0.02 | 0.01 | -0.01 | 0.00 | 0.00 | - | 0.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.09 | -0.11 | - | -0.16 | - | -0.27 | -0.15 | -0.16 | -0.17 | -0.22 |
| R&D Expense | - | - | - | 149.78K | 205.50K | - | 344.00K | 110.12K | - | - | 107.67K | - | 112.10K | 107.25K | - | 185.69K | 76.72K | 94.98K | 87.31K | 86.61K | 167.97K | 244.25K | 493.44K | 811.29K | 449.96K | 1.27M | 1.22M | 1.35M | 2.22M | 2.13M | 2.67M | 289.02K | 1.63M | 1.88M | 2.23M | 3.43M | 3.60M | 5.97M | - | 7.97M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Apr 2019 | Apr 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Apr 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 6.43M | 4.62M | 17.84M | 40.73M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 5.50M | 5.46M | 14.15M | 39.45M |
| Gross Profit | - | 7.60K | 7.27K | 8.47K | 22.01K | 9.63K | 203.64K | 653 | -246.71K | - | 78.56K | 1.07M | 925.51K | -834.31K | 3.68M | 1.27M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 13.93M | 22.68M | 22.57M | 67.87M |
| Operating Income | -70.38K | -84.74K | -130.20K | -28.08K | -394.99K | -239.04K | -1.45M | -1.09M | -2.08M | -751.33K | -1.66M | - | -13.00M | -23.51M | -18.89M | -66.60M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | -11.28M | -22.54M | -17.46M | -64.33M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 147.72K | 122.00K | 68.61K | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | -11.69M | -26.38M | -21.53M | -71.63M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 443.00K |
| Net Income | -70.38K | -84.74K | 851.93K | 158.39K | -7.36M | - | -3.38M | 1.13M | -2.64M | -751.33K | -1.60M | -13.24M | -11.69M | -28.11M | -24.05M | -72.08M |
| Diluted EPS | - | - | - | 0.14 | -2.03 | -0.15 | -0.12 | 0.04 | -0.02 | - | - | - | -0.24 | -0.52 | -0.40 | -0.73 |
| R&D Expense | - | - | - | - | - | - | 860.53K | 993.93K | - | 366.59K | 488.99K | 516.08K | 2.61M | 5.60M | 6.27M | 17.89M |
Compounded Sales Growth
| 5 Years: | 85.04% |
| 1 Year: | 849.10% |
Compounded Profit Growth
| 5 Years: | -172.20% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +143.70% |
| 6 Months: | +99.18% |
| 3 Months: | +24.46% |
| 1 Month: | +30.98% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Apr 2018 | Dec 2018 | Apr 2019 | Apr 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Apr 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 86.46K | 36.92K | 219.64K | 307.05K | 1.57M | 129.04K | 583.39K | 750.15K | - | 262.39K | 603.44K | 2.81M | 11.69M | - | 60.74M | 48.54M | 55.60M | 273.68M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 32.18M | 22.40M | 25.80M | 226.94M |
| Cash & Equivalents | - | 11.96K | 94.64K | 7.04K | - | 3.17K | 225.38K | 559.24K | - | 5.79K | - | - | - | - | 3.17M | 6.07M | 9.15M | 167.87M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.92M | 8.01M | 12.95M | 23.45M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 719.86K | 4.36M | 489.00K | 26.16M |
| Total Liabilities | 1.06M | 1.08M | 98.69K | 27.70K | 308.58K | 312.75K | 4.43M | 2.61M | - | 2.77M | - | - | - | - | 5.98M | 4.97M | 5.49M | 27.84M |
| Current Liabilities | 1.06M | 1.08M | 98.69K | 27.70K | 308.58K | 312.75K | 34.45K | 2.41M | - | 2.69M | 790.71K | 829.27K | 4.67M | - | 4.05M | 3.65M | 4.18M | 14.85M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 973.71K | 401.57K | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.97M | 2.27M | 1.97M | 18.43M |
| Total Equity | -970.75K | -1.05M | 120.95K | 279.34K | 1.27M | -242.61K | -3.87M | -3.36M | 514.06K | -2.51M | -187.27K | 1.53M | 5.27M | - | 54.77M | 43.56M | 50.12M | 245.83M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54.57M | 74.29M | 85.22M | 120.07M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Apr 2019 | Apr 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Apr 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -40.86K | -59.52K | -314.41K | 105.04K | -216.67K | -112.54K | -1.59M | -1.44M | -943.64K | -753.39K | -811.58K | -1.40M | -16.02M | -24.90M | -18.59M | -89.13M |
| Investing Cash Flow | - | - | 952.28K | 0 | 0 | 0 | -8.32K | 86.38K | -849.81K | - | 46.33K | -48.37K | -46.60M | 29.59M | 13.57M | -6.65M |
| Financing Cash Flow | 51.00K | 30.00K | -555.19K | -192.63K | 210.54K | 118.27K | 1.82M | 1.69M | 1.24M | 686.50K | 498.49K | 1.49M | 66.43M | -633.55K | 7.83M | 254.49M |
| Capital Expenditure | - | - | - | - | -0 | -0 | - | - | - | - | - | - | -363.69K | -2.45M | -259.00K | -6.65M |
| Free Cash Flow | - | - | - | - | -216.67K | -112.54K | - | - | - | - | - | - | -16.38M | -27.35M | -18.85M | -95.78M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | 3.81M | -824.51K | 2.81M | 158.71M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Apr 2019 | Apr 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Apr 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | 14.4% | -18.1% | 20.6% | 3.1% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | -202.2% | -508.8% | -105.9% | -163.5% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | -181.8% | -608.3% | -134.9% | -177.0% |
| ROE % | 7.2% | 8.1% | 704.4% | 56.7% | -581.8% | - | 87.3% | -33.6% | 105.4% | 401.2% | -104.8% | -251.3% | - | -51.3% | -55.2% | -29.3% |
| ROCE % | 7.2% | 8.1% | -107.7% | -10.1% | -31.2% | 130.1% | -264.6% | 65.8% | 85.7% | 401.2% | -83.8% | - | - | -41.5% | -42.1% | -25.7% |
Shareholding Pattern
Insiders
9.11%
Institutions
45.60%
Public Float
50.17%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 40.89% | 11.68M | $169.32M |
| 2 | State Street Corporation | 25.08% | 7.16M | $103.86M |
| 3 | Vanguard Capital Management LLC | 15.87% | 4.53M | $65.72M |
| 4 | Hood River Capital Management LLC | 10.62% | 3.03M | $43.98M |
| 5 | Geode Capital Management, LLC | 9.09% | 2.60M | $37.65M |
| 6 | Price (T.Rowe) Associates Inc | 8.17% | 2.33M | $33.84M |
| 7 | Defiance Etfs, LLC | 6.83% | 1.95M | $28.30M |
| 8 | Morgan Stanley | 6.32% | 1.80M | $26.15M |
| 9 | Shaw D.E. & Co., Inc. | 5.48% | 1.56M | $22.67M |
| 10 | Marshall Wace LLP | 5.40% | 1.54M | $22.35M |
Analyst View
Loading analyst coverage…
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for RCAT
No recent headlines available.