Red Cat Holdings, Inc.
RCAT
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Red Cat Holdings operates in the aerospace and defense sector, which is experiencing increased demand for drone technology and services, positioning the company for potential growth.
- In the latest quarter, revenue increased by 30% compared to the prior quarter, reaching $20 million.
- The gross margin improved to 16.1%, up from 12.7% in the previous quarter.
- The company has a high debt-to-equity ratio of 3.157, indicating significant financial leverage and potential risk.
- Operating margin for the latest quarter was severely compressed to -191.4%, reflecting ongoing operational challenges.
- The overall score indicates a 'Sell' signal with a score of -6.00, suggesting negative market sentiment.
Fundamentals
| Market cap | $902.54M | Enterprise value | $591.86M | Trailing P/E | — | Forward P/E | -10.65 |
| PEG | — | Price / book | 1.92 | Beta | 1.52 | Dividend yield | 0.00% |
| Revenue growth | 5.3% | Earnings growth | — | Gross margin | 9.8% | Operating margin | -1.9% |
| Profit margin | -136.3% | ROE | -34.4% | ROA | -20.7% | Debt / equity | 0.03 |
| Current ratio | 14.86 | Free cash flow | -$117.06M | Analyst recommendation | none | Mean target | $16.50 |
| 52w high | $18.78 | 52w low | $5.77 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $20.2M | $15.5M | $26.2M | $9.6M | $3.2M | — |
| Op margin | -191.4% | -176.5% | -91.3% | -181.7% | -392.9% | — |
| Net income | -$35.3M | -$26.6M | -$19.7M | -$16.0M | -$13.3M | — |
| Gross margin | 16.1% | 12.7% | 4.2% | 6.6% | 11.7% | — |
| Gross profit | $3.3M | $2.0M | $1.1M | $0.6M | $0.4M | — |
| Operating income | -$38.6M | -$27.3M | -$23.9M | -$17.5M | -$12.6M | — |
- Revenue +30% vs prior quarter ($20M vs $15M).
- Gross margin 16.1% (was 12.7% prior quarter).
- Operating margin compressed to -191.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $40.7M | $17.8M | $4.6M | $6.4M |
| Op margin | -163.5% | -105.9% | -508.8% | -202.2% |
| Net income | -$72.1M | -$24.1M | -$28.1M | -$11.7M |
| Gross margin | 3.1% | 20.6% | -18.1% | 14.4% |
| Gross profit | $1.3M | $3.7M | -$0.8M | $0.9M |
| Operating income | -$66.6M | -$18.9M | -$23.5M | -$13.0M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Can AeroVironment Scale Autonomous Systems to Drive Growth?
2026-10-08 · Ondas Adds $165M in New Orders, Boosts 2027 Revenue Visibility
2026-10-07 · AeroVironment Is Now Down 43% This Year. Is It Time to Sell This Dropping Drone Stock?
2026-10-07 · Ondas Falls 5% Despite $165 Million in New Orders; AeroVironment and Red Cat Drop 5%
2026-10-07 · Ondas Trades at a Discounted Valuation: How to Approach the Stock?
2026-10-02 · Which Drone Stock Is Dominating in 2026: Red Cat, Ondas, or AeroVironment?
2026-10-02 · 3 Drone Defense Stocks To Watch With Up To 44% Revenue Growth
2026-10-02 · Blue Ops to Bring Maritime Defense Operations to FAU Harbor Branch
2026-10-01 · Red Cat’s Blue Ops Expands Maritime Defense Operations Through Strategic Partnership with Florida Atlantic University
2026-10-01 · Unusual Machines Tumbles 8% Despite Pentagon’s Autonomous Warfare Push; AeroVironment Eases, Red Cat Pulls Back
2026-09-30 · Red Cat's USV Mix: Could Blue Ops Accelerate Margin Gains in H2?
Price (daily)
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