Red Cat Holdings financials
$6.45−0.77%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q3 '24 Sep 30 | Q1 '25 Jul 31 | Q2 '24 Jun 30 | Q4 '24 Apr 30 | Q1 '24 Mar 31 | Q2 '24 Oct 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.2M | $15.5M | $26.2M | $9.6M | $3.2M | $1.6M | $1.3M | $1.6M | $6.4M | $6.3M | $6.6M | $3.9M |
| Gross profit | $3.3M | $2.0M | $1.1M | $637.5K | $375.0K | -$850.0K | -$392.0K | -$850.0K | $267.8K | $1.2M | $1.1M | $1.2M |
| Gross margin | 16.1% | 12.7% | 4.2% | 6.6% | 11.6% | −52.1% | −30.3% | −52.1% | 4.2% | 19.1% | 17.0% | 30.5% |
| Operating income | -$38.6M | -$27.3M | -$23.9M | -$17.5M | -$12.6M | -$12.5M | -$8.4M | -$12.5M | -$5.4M | -$3.9M | -$6.0M | -$4.9M |
| Net income | -$35.3M | -$26.6M | -$19.7M | -$16.0M | -$13.3M | -$23.1M | -$12.4M | -$23.1M | -$8.2M | -$7.1M | -$6.8M | -$5.8M |
| Net margin | −174.6% | −171.6% | −74.9% | −166.0% | −412.5% | −1418.6% | −962.0% | −1418.6% | −127.1% | −112.1% | −102.5% | −148.7% |
| Diluted EPS | $-0.26 | $-0.22 | $-0.16 | $-0.16 | $-0.15 | $-0.27 | $-0.16 | $-0.27 | $-0.11 | $-0.43 | $-0.09 | $-0.11 |
| EBITDA | -$37.2M | -$26.5M | -$23.3M | -$17.0M | -$12.1M | -$11.9M | -$8.0M | -$11.9M | -$4.5M | -$3.0M | -$5.6M | -$4.9M |
| Operating cash flow | -$46.8M | -$31.9M | -$36.5M | -$23.9M | -$12.9M | -$15.9M | -$8.1M | -$15.9M | -$2.2M | -$2.4M | -$4.4M | — |
| Free cash flow | -$52.6M | -$38.7M | -$41.9M | -$24.5M | -$13.2M | -$16.2M | -$8.2M | -$16.2M | -$2.2M | -$2.5M | -$4.5M | — |
| Diluted shares | 136.9M | 120.8M | 119.4M | 99.6M | 91.3M | 85.5M | 75.7M | 85.5M | 74.2M | 16.3M | 74.2M | 55.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $325.6M | $131.9M | $167.9M | $206.4M | $65.9M | $7.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $892.0K | $350.0K | $4.9M | $13.7M | $19.8M | $25.5M |
| Total assets | $527.5M | $281.9M | $273.7M | $286.0M | $121.4M | $59.7M |
| Total liabilities | $56.3M | $43.1M | $27.8M | $32.8M | $25.8M | $30.7M |
| Shareholders' equity | $471.2M | $238.7M | $245.8M | $253.3M | $95.6M | $28.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology