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Red Cat Holdings Inc (RCAT) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · AEROSPACE & DEFENSE · DATA UPDATED 2026-09-16

Red Cat Holdings Inc (RCAT) operates in the AEROSPACE & DEFENSE industry and is headquartered in South Salt Lake, United States with about 244 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2026-04-30, RCAT reported $41M in revenue and ($72M) in net income.

Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States.

Interactive charts & full statements → Open the RCAT valuation workbench →

RCAT Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-07-31	2026-04-30	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30	2020-04-30	2019-04-30	2018-12-31	2018-04-30	2017-04-30	2016-04-30	2015-04-30	2014-04-30	2013-04-30	2012-04-30	2011-04-30	2010-04-30	2009-04-30	2008-04-30
Total Revenue	$72M	$41M	$7M	$18M	$5M	$6M	$5M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
Gross Profit	$7M	$1M	($2M)	$4M	($1M)	$1M	$1M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	—	—	—
Gross Margin %	9.8%	3.1%	-28.0%	20.6%	-18.1%	14.4%	21.4%	19.4%	-234.7%	-234.7%	70.0%	48.0%	148.2%	52.3%	100.0%	22.9%	100.0%	-381.1%	—	—	—
Operating Income (EBIT)	($107M)	($67M)	($39M)	($18M)	($26M)	($13M)	($5M)	($2M)	($1M)	($2M)	$0M	($1M)	$0M	$0M	$0M	$0M	$0M	$0M	—	—	—
Operating Margin %	-150.2%	-163.5%	-532.8%	-100.2%	-570.0%	-202.2%	-97.5%	-410.7%	-714.7%	-2067.5%	-19871.7%	-713.2%	-5844.9%	-938.4%	-331.6%	-702.9%	149.1%	-1269.5%	—	—	—
Net Income	($97M)	($72M)	($65M)	($24M)	($28M)	($12M)	($13M)	($2M)	($1M)	($3M)	$1M	($3M)	$0M	($7M)	$0M	$1M	$0M	$0M	$0M	$0M	$0M
Net Margin %	-136.3%	-177.0%	-899.2%	-134.8%	-608.3%	-181.8%	-264.8%	-396.6%	-714.7%	-2514.3%	120989.0%	-1658.2%	-5872.8%	-17485.2%	1870.7%	2623.9%	273.7%	-926.0%	124.6%	93.5%	91.6%
EBITDA	($94M)	($69M)	($37M)	($16M)	($23M)	($11M)	($12M)	($2M)	($1M)	—	$3M	($3M)	$0M	($7M)	$0M	$1M	$0M	$0M	$0M	$0M	$0M
Earnings Per Share (EPS)	$-0.80	$-0.60	$-0.85	$-0.40	$-0.52	$-0.24	$-0.56	$-0.12	$-2.63	—	$19.44	$-96.56	$-11.07	$-7,237.20	$1,721.67	$9,053.78	$-1,059.20	$-890.82	$-1,077.41	$5,094.53	$1,270.09
Shares Outstanding (M)	137M	119M	77M	60M	54M	48M	24M	14M	0M	—	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RCAT Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-07-31	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31
Total Revenue	$20M	$15M	$26M	$10M	$3M	$2M	$2M	$2M
Gross Profit	$3M	$2M	$1M	$1M	$0M	($1M)	($1M)	$0M
Gross Margin %	16.2%	12.7%	4.2%	6.6%	11.7%	-52.2%	-52.1%	-1.5%
Operating Income (EBIT)	($39M)	($27M)	($24M)	($18M)	($13M)	($12M)	($12M)	($9M)
Operating Margin %	-191.4%	-176.5%	-91.2%	-181.7%	-392.9%	-765.7%	-765.5%	-594.0%
Net Income	($35M)	($27M)	($20M)	($16M)	($13M)	($23M)	($23M)	($13M)
Net Margin %	-174.6%	-171.6%	-74.9%	-166.0%	-412.6%	-1418.9%	-1418.6%	-868.9%
EBITDA	($33M)	($27M)	($19M)	($15M)	($13M)	($23M)	—	($13M)
Earnings Per Share (EPS)	$-0.26	$-0.22	$-0.16	$-0.16	$-0.15	$-0.27	$-0.27	$-0.18
Shares Outstanding (M)	137M	121M	119M	100M	91M	86M	86M	76M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RCAT Free Cash Flow History

Cash flow	TTM → 2026-07-31	2026-04-30	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30	2020-04-30	2019-04-30	2018-12-31	2018-04-30	2017-04-30	2016-04-30	2015-04-30	2014-04-30	2013-04-30	2012-04-30	2011-04-30	2010-04-30	2009-04-30	2008-04-30
Cash from Operations (CFO)	($213M)	($89M)	($21M)	($19M)	($30M)	($16M)	($1M)	($1M)	($1M)	($1M)	($2M)	($2M)	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
Capital Expenditures (CapEx)	$33M	$7M	$0M	$0M	$2M	$0M	$0M	$0M	$1M	$1M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
Free Cash Flow (FCF)	($246M)	($96M)	($21M)	($19M)	($32M)	($16M)	($1M)	($1M)	($2M)	($2M)	($2M)	($2M)	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
FCF Margin %	-343.7%	-235.2%	-284.5%	-105.5%	-697.5%	-254.8%	-28.0%	-200.9%	-1643.4%	-1824.4%	-162690.9%	-786.0%	-4520.0%	-514.7%	1240.5%	-848.0%	192.3%	-537.7%	-4.4%	6.7%	-1.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RCAT Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-07-31	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31
Cash from Operations (CFO)	($79M)	($79M)	($32M)	($24M)	($13M)	($16M)	($16M)	($16M)
Capital Expenditures (CapEx)	$13M	$13M	$7M	$1M	$0M	$0M	$0M	$0M
Free Cash Flow (FCF)	($91M)	($91M)	($39M)	($25M)	($13M)	($16M)	($16M)	($16M)
FCF Margin %	-452.3%	-590.2%	-147.6%	-254.2%	-410.2%	-992.8%	-992.7%	-1051.2%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RCAT Balance Sheet History

Balance sheet	2026-07-31	2026-04-30	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30	2020-04-30	2019-04-30	2018-04-30	2017-04-30	2016-04-30	2015-04-30	2014-04-30	2013-04-30	2012-04-30	2011-04-30	2010-04-30	2009-04-30	2008-04-30	2007-04-30
Total Assets	$527M	$274M	$56M	$49M	$61M	$85M	$12M	$3M	$1M	$1M	$1M	$0M	$2M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
Cash & Cash Equivalents	$326M	$168M	$9M	$6M	$3M	$4M	$0M	$0M	$1M	$1M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
Total Liabilities	$56M	$28M	$5M	$5M	$6M	$7M	$6M	$1M	$1M	$4M	$6M	$0M	$0M	$0M	$0M	$1M	$1M	$1M	$1M	$1M	$2M
Total Debt (Short + Long-Term)	$2M	$6M	$1M	$1M	$1M	$2M	$2M	$1M	$2M	$1M	$0M	$0M	$0M	$0M	$0M	$1M	$1M	$1M	$1M	$1M	$1M
Total Shareholders' Equity	$471M	$246M	$50M	$44M	$55M	$78M	$5M	$2M	($3M)	($3M)	($5M)	$0M	$1M	$0M	$0M	($1M)	($1M)	($1M)	($1M)	($1M)	($1M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive RCAT viewer.

Other Companies in AEROSPACE & DEFENSE

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CDRE · Cadre Holdings Inc — $1 billion
AVEX · AEVEX Corp. — $1 billion
NPK · National Presto Industries Inc — $1 billion
EVEX · Eve Holding Inc — $774 million
HEI · Heico Corporation — $42 billion
RKLB · Rocket Lab USA Inc. — $41 billion
ESLT · Elbit Systems Ltd — $35 billion

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