Red Cat Holdings, Inc.
Red Cat Holdings, Inc. (RCAT) Financial Performance & Income Statement Overview
Review Red Cat Holdings, Inc. (RCAT) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Red Cat Holdings, Inc. (RCAT) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Red Cat Holdings, Inc. RCAT financial performance.
| Metric | Q4 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|
| Revenue | $1.63M | $1.53M | $2.78M | $6.31M |
| Cost of Revenue | $0.00 | $1.56M | $3.26M | $5.11M |
| Gross Profit | -$850410.00 | -$23475.00 | -$483391.00 | $1.20M |
| Gross Profit Ratio | -$0.52 | -$0.02 | -$0.17 | $0.19 |
| R&D Expenses | $3.43M | $2.23M | $1.63M | $644752.00 |
| SG&A Expenses | $8.20M | $6.86M | $5.52M | $5.68M |
| Operating Expenses | $11.63M | $9.09M | $7.24M | $6.32M |
| Total Costs & Expenses | $0.00 | $10.65M | $10.50M | $11.43M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | -$54525.00 | $0.00 | $0.00 | $11549.00 |
| Depreciation & Amortization | $0.00 | $372225.00 | $474051.00 | $415066.00 |
| EBITDA | -$23.12M | -$8.74M | -$7.16M | -$7.22M |
| EBITDA Ratio | -$14.19 | -$5.70 | -$2.58 | -$1.14 |
| Operating Income | -$23.12M | -$9.12M | -$7.73M | -$5.12M |
| Operating Income Ratio | -$14.19 | -$5.94 | -$2.78 | -$0.81 |
| Other Income/Expenses (Net) | $0.00 | -$4.22M | -$4.69M | -$1.57M |
| Income Before Tax | -$23.12M | -$13.33M | -$12.42M | -$6.69M |
| Income Before Tax Ratio | -$14.19 | -$8.69 | -$4.47 | -$1.06 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | -$23.12M | -$13.33M | -$12.42M | -$7.07M |
| Net Income Ratio | -$14.19 | -$8.69 | -$4.47 | -$1.12 |
| EPS | -$0.27 | -$0.18 | -$0.17 | -$0.10 |
| Diluted EPS | -$0.27 | -$0.18 | -$0.17 | -$0.10 |
| Weighted Avg Shares Outstanding | $85.51M | $76.19M | $74.50M | $74.29M |
| Weighted Avg Shares Outstanding (Diluted) | $85.51M | $76.18M | $74.50M | $74.29M |
Over the last four quarters, Red Cat Holdings, Inc. achieved steady financial progress, growing revenue from $6.31M in Q4 2024 to $1.63M in Q4 2025. Gross profit stayed firm with margins at -52% in Q4 2025 versus 19% in Q4 2024. Operating income totaled -$23.12M in Q4 2025, maintaining a -1419% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at -$23.12M. Net income dropped to -$23.12M, with EPS at -$0.27. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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