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Red Cat Holdings, Inc. RCAT R2K

Industrials · Aerospace & Defense · United States
https://redcat.red
Company Profile ↓
$8.24
-20.23% 1Y
Mkt Cap$1.25B
P/E-12.12
P/B4.41
52W High$17.36
52W Low$6.14
Book Value$1.96
EPS (TTM)$-0.68

Company Overview

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.

Why Investors Should Care

Steady Revenue Expansion

Revenue has grown at a 84.7% CAGR over the past five years.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.06.

Recent Developments

  • Dec 2025 Revenue of $40.73M (+128.4% YoY); net profit $-72.08M.
  • Trailing 12 Months Year-on-year growth — revenue +849.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR 84.7%.

Growth & Price Performance

Compounded Sales Growth

5 Years:84.66%
1 Year:849.10%

Stock Price Performance

1 Year:-20.23%
6 Months:-30.99%
3 Months:-34.81%
1 Month:-26.30%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 19% of range
$6.14 $17.36
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)36.32 · Neutral
Price Performance
1M-26.30%
3M-34.81%
6M-30.99%
1Y-20.23%

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 84.7% over 5 years.

CONS

  • Trading 52.5% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
-12.12
Industry PE
30.16
Forward P/E
-22.89
PEG Ratio
-
Book Value
$1.96
Price to Book
4.41
P/S
24.08
EV/EBITDA
-12.17
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
84.66%
Profit 5Y
-
Revenue (YoY)
849.10%
Earnings (YoY)
-

Profitability & Returns

ROCE
-25.73%
ROE
-56.42%
ROA
-29.80%
Profit Margin
-
Op Margin
-
Gross Margin
7.49%
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
$281.88M
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
9.11%
Chg in Prom Hold
-
FII / Inst Holding
44.02%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.25B
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%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 RCAT Red Cat Holdings, Inc. R2K 8.24 -12.12 $1.25B 0.00% -25.73% -56.42% 84.66% -
2 CAT Caterpillar Inc. SPX 914.30 45.35 $421.12B 0.70% 17.98% 51.33% 2.29% 5.24%
3 GE GE Aerospace SPX 360.35 44.65 $375.97B 0.53% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 1,055.28 30.18 $283.57B 0.19% 6.30% 75.71% 8.68% -
5 RTX RTX Corporation SPX 195.89 36.68 $263.80B 1.51% 8.28% 11.57% 2.61% 2.62%
6 BA The Boeing Company SPX 218.12 85.87 $171.94B 0.00% -9.01% - 1.67% -3.28%
7 UNP Union Pacific Corporation SPX 288.36 23.75 $171.20B 1.91% 15.22% 40.69% 2.30% 7.77%
8 ETN Eaton Corporation plc SPXAI 412.86 39.13 $160.31B 1.06% 11.53% 20.84% 4.73% 10.38%
9 DE Deere & Company SPX 589.48 33.40 $159.22B 1.11% - 18.35% 3.43% 5.10%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Jul 2018Sep 2018Oct 2018Jan 2019Mar 2019Jul 2019Oct 2019Jan 2020Jul 2020Oct 2020Jan 2021Jul 2021Oct 2021Jan 2022Jul 2022Oct 2022Jan 2023Jul 2023Oct 2023Jan 2024Mar 2024Jun 2024Jul 2024Sep 2024Oct 2024Mar 2025Jun 2025Sep 2025Mar 2026
Revenue ----------------------------310.88K529.44K--3.21M886.44K1.29M-1.63M1.13M9.65M15.47M
Gross Profit 1.46K12.22K65400--342238--47.09K--81.83K---32.44K--18.30K102.15K99.05K569.72K102.40K152.58K339.78K82.12K123.85K-96.93K174.66K1.20M1.10M1.12M267.80K-483.39K-391.96K-23.48K-850.00K375.05K637.50K1.97M
Operating Income -36.18K-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-13.33M-12.48M-12.65M-17.53M-27.30M
Net Income -58.08K----170.83K-596.82K1.43M458.86K-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-13.33M-23.12M-13.28M-16.02M-26.55M
Diluted EPS 0.000.00-0.10-0.00-0.020.020.01-0.010.000.00-0.00-------------------0.09-0.11--0.16--0.27-0.15-0.16-0.22
R&D Expense ----149.78K205.50K-344.00K110.12K--107.67K-112.10K107.25K-185.69K76.72K94.98K87.31K86.61K167.97K244.25K493.44K811.29K449.96K1.27M1.22M1.35M2.22M2.13M2.67M289.02K1.63M1.88M2.23M3.43M3.60M5.97M7.97M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Dec 2025
Revenue 7.60K7.60K6338.47K42.09K59.40K203.64K933105.13K-403.94K5.00M6.43M1.31M17.84M40.73M
Gross Profit -7.60K7.27K8.47K22.01K9.63K203.64K653-246.71K-78.56K1.07M925.51K-834.31K3.68M1.27M
Operating Income -70.38K-84.74K-130.20K-28.08K-394.99K-239.04K-1.45M-1.09M-2.08M-751.33K-1.66M---26.38M-19.30M-66.60M
Net Income -70.38K-84.74K851.93K158.39K-7.36M--3.38M1.13M-2.64M-751.33K-1.60M-13.24M-11.69M-28.11M-24.05M-72.08M
Diluted EPS ---0.14-2.03-0.15-0.120.04-0.02------0.40-0.73
R&D Expense ------860.53K993.93K-366.59K488.99K516.08K2.61M5.60M6.27M17.89M

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Apr 2018Dec 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Dec 2024Dec 2025
Total Assets 86.46K36.92K219.64K307.05K1.57M129.04K583.39K750.15K-262.39K603.44K2.81M11.69M85.08M60.74M48.54M55.60M273.68M
Total Equity -970.75K-1.05M120.95K279.34K1.27M-242.61K-3.87M-3.36M514.06K-2.51M-187.27K1.53M5.27M79.09M54.77M43.56M50.12M245.83M
Cash & Equivalents -11.96K94.64K7.04K-3.17K225.38K559.24K-5.79K--------
Long Term Debt -000---------973.71K401.57K---
Total Liabilities 1.06M1.08M98.69K27.70K308.58K312.75K4.43M2.61M-2.77M------5.49M27.84M
Current Liabilities 1.06M1.08M98.69K27.70K308.58K312.75K34.45K2.41M-2.69M790.71K829.27K4.67M5.44M4.05M3.65M4.18M14.85M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023
Operating Cash Flow -40.86K-59.52K-314.41K105.04K-216.67K-112.54K-1.59M-1.44M-943.64K-753.39K-811.58K-1.40M-16.02M-29.20M
Investing Cash Flow --952.28K000-8.32K86.38K-849.81K-46.33K-48.37K-46.60M29.59M
Financing Cash Flow 51.00K30.00K-555.19K-192.63K210.54K118.27K1.82M1.69M1.24M686.50K498.49K1.49M66.43M-1.22M
Capital Expenditure -----0-0--------
Free Cash Flow -----216.67K-112.54K--------

Ratios (Annual)

Figures in %.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Dec 2025
Gross Margin % -100.0%1,149.0%100.0%52.3%16.2%100.0%70.0%-234.7%-19.4%21.4%14.4%-63.6%20.6%3.1%
Operating Margin % -926.0%-1,114.9%-20,569.2%-331.6%-938.4%-402.4%-713.2%-117,064.7%-1,979.0%--410.7%---2,009.8%-108.2%-163.5%
Net Margin % -926.0%-1,114.9%134,585.8%1,870.7%-17,485.2%--1,658.2%120,989.0%-2,514.4%--396.6%-264.7%-181.8%-2,141.6%-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%-14.8%-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%---46.5%-43.0%-25.7%

Shareholding Pattern

Insiders
9.11%
Institutions
44.02%
Public Float
48.43%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 40.89% 11.68M $100.83M
2 State Street Corporation 25.08% 7.16M $61.85M
3 Vanguard Capital Management LLC 15.87% 4.53M $39.14M
4 Hood River Capital Management LLC 10.62% 3.03M $26.19M
5 Geode Capital Management, LLC 9.09% 2.60M $22.42M
6 Price (T.Rowe) Associates Inc 8.17% 2.33M $20.15M
7 Defiance Etfs, LLC 6.83% 1.95M $16.85M
8 Morgan Stanley 6.32% 1.80M $15.57M
9 Shaw D.E. & Co., Inc. 5.48% 1.56M $13.50M
10 Marshall Wace LLP 5.40% 1.54M $13.31M

Analyst View

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Latest News

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RCAT — Frequently Asked Questions

What is the current share price of Red Cat Holdings, Inc. (RCAT)?

As of 2026-07-15 16:51 PDT, Red Cat Holdings, Inc. (RCAT) trades at $8.24 on NasdaqCM. Its 52-week range is $6.14 to $17.36.

What is the market capitalisation of RCAT?

Red Cat Holdings, Inc. (RCAT) has a market capitalisation of $1.25B on NasdaqCM.

What is the P/E ratio of RCAT?

RCAT trades at a trailing price-to-earnings (P/E) ratio of -12.12. The industry average P/E is 30.16. Its price-to-book (P/B) ratio is 4.41.

What is the return on equity (ROE) of RCAT?

RCAT has a return on equity (ROE) of -56.42%. Its return on capital employed (ROCE) is -25.73%.

Is RCAT a good stock to buy?

This page provides a data-driven analysis of Red Cat Holdings, Inc. (RCAT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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