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Red Cat(NASDAQ) RCAT

Market Cap$1.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2019)-7%
5 Year+134%
1 Year-10%
1 Month-31%
$7.55
+2.24%
+0.17Today
After hours$7.46-$0.09 (-1.13%)
Red Cat last closing stock price
MetricPriceDate
Last closeUSD 7.382026-07-30
Red Cat stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-8.09%USD 8.032026-07-23
1 month-30.7%USD 10.652026-06-30
3 month-34.28%USD 11.232026-05-01
Year to date-6.94%USD 7.932025-12-31
1 year-9.89%USD 8.192025-07-30
3 year+623.53%USD 1.022023-07-31
5 year+134.29%USD 3.152021-07-30
Since inception-6.82%USD 7.922019-05-16

Red Cat Financials at a Glance

Market Cap

$1.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$52.98M

Net Income (TTM)

-$85.35M

EPS (TTM)

-$0.69

P/E Ratio

-10.69

Dividend

$0.00

Beta (Volatility)

1.51 (High)

Price

$7.55

Volume

7,787,210

Open

$7.64

Previous Close

$7.53

Daily Range

$7.20 - $7.73

52-Week Range

$5.77 - $18.78

Estimated Earnings Date

Aug 6, 2026

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About Red Cat

Red Cat builds drones and robotic systems for defense, safety, and inspection. Its products help military and public safety teams gather information in hard-to-reach places. The company’s technology supports missions where traditional tools cannot go.

Gadgets in the Sky: What Red Cat Sells

  • Small Tactical Drones: Unmanned aircraft for defense and public safety; 73% of 2025 revenue from U.S. government contracts.
  • Long-Endurance VTOL Drones: Vertical takeoff and landing drones for long-range surveillance and inspection.
  • Uncrewed Surface Vessels: Remote-controlled boats for maritime defense, launched in August 2025.
  • FPV Drones and Goggles: First Person View drones and video goggles for tactical and consumer use; consumer segment sold in February 2024.
  • GPS-Denied Navigation Tools: Software and hardware for drone operation where GPS is unavailable, used in complex environments.

Red Cat’s Growth Spurt: How It Got Here

  • Acquired FlightWave Aerospace Systems in September 2024, adding long-range VTOL drones.
  • Launched Blue Ops division in August 2025 for maritime defense products.
  • Expanded manufacturing with new facilities in Utah, Georgia, California, Florida, and Puerto Rico during 2024-2025.
  • Formed partnerships with AeroVironment, Palantir, and Apium Swarm Robotics to boost product capabilities.
  • Divested consumer FPV drone business in February 2024 to focus on government and commercial markets.

Why Red Cat Is Not Just Another Drone Company

Red Cat focuses on U.S.-made, government-compliant drones and robotics. Its products work in air, land, and sea, often where GPS is blocked. The company partners with defense leaders to integrate advanced autonomy and navigation technology.

Five Things You Need to Know

  • Revenue was $26 million in Q3 2026, up 1865.9% from Q3 2025.
  • Gross profit was $1 million in Q3 2026, up 264.4% year-over-year.
  • Net loss was $20 million in Q3 2026, down 110.9% from Q3 2025.
  • Operating cash flow was negative $24 million in Q3 2026, down 409.6% year-over-year.

Bottom Line

Red Cat has shifted from consumer drones to defense and government markets. The company’s focus on U.S.-made, compliant technology drives its recent growth and industry position.

AI Generated • Apr 16, 2026

Industry

Aerospace and Defense

Employees

244

CEO

Jeffrey M. Thompson

Headquarters

South Salt Lake, UT 84115, US

RCAT Financials

Key Financial Metrics (TTM)

Gross Margin

5.41%

Operating Margin

-153.36%

Net Income Margin

-161.09%

Return on Equity

-34.96%

Return on Capital

-25.20%

Return on Assets

-30.28%

Earnings Yield

-9.35%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$1.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

152.19M

Volume

7.79M

Avg. Volume

12.72M

Financials (TTM)

Gross Profit

$2.86M

Operating Income

-$81.25M

EBITDA

-$83.64M

Operating Cash Flow

-$124.22M

Capital Expenditure

-$19.63M

Free Cash Flow

-$143.85M

Cash & ST Invst.

$131.92M

Total Debt

$13.79M

Red Cat Performance Analysis

Red Cat annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-04-30USD 4,620,834-28.1%
20242024-04-30USD 17,836,382286.0%
20242024-12-31USD 7,275,456286.0%
20252025-12-31USD 40,729,000459.8%
Red Cat sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-09-30199.7%
Q32025-12-31172.0%
Q42025-12-31-93.8%
Q12026-03-31849.7%
Red Cat annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-04-30USD -0.52115.3%
20242024-04-30USD -0.40-23.3%
20242024-12-31USD -0.85-23.3%
20252025-12-31USD -0.73-14.2%
Red Cat sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-09-30-6.7%
Q32025-12-31N/A
Q42025-12-31-37.5%
Q12026-03-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2027YOY CHG

Revenue

$15.47M

+380.7%

Gross Profit

$1.97M

+423.9%

Gross Margin

12.70%

N/A

Market Cap

$1.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$4.60M

N/A

Employees

244

N/A

Net Income

-$26.55M

-100.0%

EBITDA

-$27.03M

-111.9%

Quarterly Fundamentals

Name
Q1 2027YOY CHG

Total Cash

$131.92M

+100.1%

Total Debt

$13.79M

-37.1%

Accounts Receivable

$10.57M

+944.1%

Inventory

$50.53M

+212.5%

Long Term Debt

$12.31M

+635.7%

Short Term Debt

$1.48M

-92.7%

Return on Assets

-30.28%

N/A

Return on Invested Capital

-30.92%

N/A

Free Cash Flow

-$38.73M

-193.3%

Operating Cash Flow

-$31.95M

-147.7%

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Questions About RCAT

What is the current price of Red Cat?

Red Cat is trading at $7.53 per share.

What is the 52-week range for Red Cat?

Over the past 52 weeks, Red Cat has traded between $5.77 and $18.78.

How much debt does Red Cat have?

As of the most recent reporting period, Red Cat reported total debt of $13.79M.

How much cash does Red Cat have on hand?

Red Cat reported $131.92M in cash and cash equivalents in its most recent financial results.

What is Red Cat’s dividend yield?

Red Cat does not currently have a dividend yield.

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