RCAT
Red Cat Holdings·NASDAQ
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RCAT fundamentals
During Q4 2025, Red Cat Holdings (RCAT) reported revenue of 26.23M, a YoY change of 315.79%. Net income was -19.66M, a YoY change of -177.93%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
Q1,2020 | Q2,2020 | Q3,2020 | Q4,2020 | Q1,2021 | Q2,2021 | Q3,2021 | Q4,2021 | Q1,2022 | Q2,2022 | Q3,2022 | Q4,2022 | Q1,2023 | Q2,2023 | Q3,2023 | Q4,2023 | Q1,2024 | Q2,2024 | Q3,2024 | Q4,2024 | Q1,2025 | Q2,2025 | Q3,2025 | Q4,2025 | TTM |
|---|
Start Date | May 1, 2019 | Aug 1, 2019 | Nov 1, 2019 | Feb 1, 2020 | May 1, 2020 | Aug 1, 2020 | Nov 1, 2020 | Feb 1, 2021 | May 1, 2021 | Aug 1, 2021 | Nov 1, 2021 | Feb 1, 2022 | May 1, 2022 | Aug 1, 2022 | Nov 1, 2022 | Feb 1, 2023 | May 1, 2023 | Aug 1, 2023 | Nov 1, 2023 | Feb 1, 2024 | May 1, 2024 | Aug 1, 2024 | Jul 1, 2025 | Oct 1, 2025 | -- |
End Date | Jul 31, 2019 | Oct 31, 2019 | Jan 31, 2020 | Apr 30, 2020 | Jul 31, 2020 | Oct 31, 2020 | Jan 31, 2021 | Apr 30, 2021 | Jul 31, 2021 | Oct 31, 2021 | Jan 31, 2022 | Apr 30, 2022 | Jul 31, 2022 | Oct 31, 2022 | Jan 31, 2023 | Apr 30, 2023 | Jul 31, 2023 | Oct 31, 2023 | Jan 31, 2024 | Apr 30, 2024 | Jul 31, 2024 | Oct 31, 2024 | Sep 30, 2025 | Dec 31, 2025 | -- |
Fiscal Year-End | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Apr 30 | Dec 31 | Dec 31 | -- |
Revenue | -- -- | -- -- | 34.54K -- | 369.40K -- | 548.28K -- | 427.81K -- | 2.15M +6113.41% | 1.88M +408.24% | 1.40M +154.75% | 1.86M +335.53% | 1.86M -13.48% | 1.31M -30.11% | 1.13M -19.34% | 747.61K -59.88% | 1.67M -10.18% | 1.08M -17.77% | 1.75M +55.18% | 3.93M +425.79% | 5.85M +250.66% | 6.31M +484.76% | 2.78M +58.83% | 1.53M -60.96% | 9.65M +64.95% | 26.23M +315.79% | 40.19M -- |
Sales and Services Revenue | -- -- | -- -- | 34.54K -- | 369.40K -- | 548.28K -- | 427.81K -- | 2.15M +6113.41% | 1.88M +408.24% | 1.40M +154.75% | 1.86M +335.53% | 1.86M -13.48% | 1.31M -30.11% | 1.13M -19.34% | 747.61K -59.88% | 1.67M -10.18% | 1.08M -17.77% | 1.75M +55.18% | 3.93M +425.79% | 5.85M +250.66% | 6.31M +484.72% | 2.78M +58.83% | 1.53M -60.96% | 9.65M +64.95% | 26.23M +315.82% | 40.19M -- |
Cost of Revenue | -- -- | -- -- | 16.23K -- | 309.14K -- | 446.13K -- | 328.76K -- | 1.58M +9609.65% | 1.58M +410.66% | 1.29M +190.13% | 1.71M +420.34% | 1.52M -3.76% | 981.47K -37.83% | 1.04M -19.31% | 623.76K -63.54% | 1.76M +16.32% | 2.02M +106.05% | 1.57M +50.65% | 2.73M +337.71% | 4.75M +168.97% | 5.11M +152.47% | 3.26M +107.18% | 1.56M -42.93% | 9.01M +89.81% | 25.12M +392.04% | 38.95M -- |
Cost of Goods and Services | -- -- | -- -- | -- -- | 325.38K -- | -- -- | -- -- | -- -- | 3.93M +1107.77% | -- -- | -- -- | -- -- | 5.50M +40.04% | -- -- | -- -- | -- -- | 5.46M -0.88% | 1.57M -- | 2.73M -- | -- -- | 14.15M +159.48% | 3.26M +107.18% | 1.56M -42.93% | 9.01M -- | 25.12M +77.48% | 38.95M -- |
Gross Profit | -- -- | -- -- | 18.30K -- | 60.26K -- | 102.15K -- | 99.05K -- | 569.72K +3012.56% | 298.76K +395.81% | 102.40K +0.25% | 152.58K +54.04% | 339.78K -40.36% | 330.75K +10.71% | 82.12K -19.81% | 123.85K -18.83% | -96.93K -128.53% | -943.35K -385.22% | 174.66K +112.69% | 1.20M +869.38% | 1.10M +1236.55% | 1.20M +227.64% | -483.39K -376.75% | -23.48K -101.96% | 637.50K -42.13% | 1.11M -7.66% | 1.24M -- |
Operating Expenses | 321.50K -- | 216.12K -- | 456.92K -- | 713.98K -- | 485.39K +50.98% | 588.94K +172.51% | 1.72M +275.68% | 3.16M +341.95% | 1.78M +267.13% | 2.91M +394.57% | 3.50M +104.10% | 5.73M +81.58% | 3.56M +99.84% | 6.47M +122.29% | 5.09M +45.20% | 10.38M +81.18% | 5.51M +54.62% | 6.09M -5.90% | 5.55M +9.08% | 6.48M -37.55% | 7.24M +31.57% | 9.09M +49.24% | 18.17M +227.42% | 25.05M +286.44% | 59.56M -- |
Selling, General and Administrative Expenses | 135.81K -- | 139.40K -- | 361.94K -- | 579.13K -- | 311.54K +129.40% | 395.27K +183.55% | 1.40M +287.37% | 3.33M +475.77% | 1.36M +336.83% | 1.52M +284.38% | 2.36M +68.18% | 5.47M +63.95% | 2.22M +63.48% | 3.63M +138.65% | 3.20M +35.79% | 7.76M +42.02% | 4.15M +86.64% | 3.87M +6.75% | 2.90M -9.54% | 6.73M -13.30% | 5.52M +33.04% | 6.86M +77.27% | 12.20M +321.25% | 20.16M +199.53% | 44.75M -- |
Selling and Marketing Expenses | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 172.18K -- | -- -- | -- -- | -- -- | 1.13M +554.85% | -- -- | -- -- | -- -- | 4.08M +261.65% | 1.29M -- | 1.03M -- | -- -- | 5.09M +24.75% | 2.04M +58.41% | 2.34M +126.97% | 2.98M -- | 3.62M -28.86% | 10.99M -- |
General and Administrative Expenses | -- -- | -- -- | -- -- | 949.64K -- | -- -- | -- -- | -- -- | 1.28M +34.73% | -- -- | -- -- | -- -- | 5.55M +333.66% | -- -- | -- -- | -- -- | 12.74M +129.58% | 2.86M -- | 2.84M -- | -- -- | 11.21M -11.97% | 3.48M +21.63% | 4.52M +59.18% | 9.22M -- | 16.54M +47.52% | 33.76M -- |
Research and Development Expenses | 185.69K -- | 76.72K -- | 94.98K -- | 134.84K -- | 87.31K -52.98% | 86.61K +12.89% | 167.97K +76.85% | 174.19K +29.18% | 244.25K +179.75% | 493.44K +469.70% | 811.29K +383.00% | 1.06M +506.89% | 449.96K +84.22% | 1.27M +156.76% | 1.22M +50.59% | 2.92M +176.36% | 1.35M +200.81% | 2.22M +75.39% | 2.13M +73.95% | 1.01M -65.27% | 1.63M +20.16% | 2.23M +0.42% | 5.97M +180.82% | 4.89M +382.01% | 14.72M -- |
Loss on Impairment of Other Assets | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 2.83M -- | 0 -- | 0 -- | -- -- | 413.00K -85.39% | 93.05K -- | 0 -- | -- -- | 0 -100.00% | -- -- |
Other Operating Expenses | -- -- | -- -- | -- -- | -- -- | 86.55K -- | 107.06K -- | 146.54K -- | -353.30K -- | 176.86K +104.36% | 899.94K +740.58% | 334.28K +128.12% | -794.39K -124.85% | 886.30K +401.12% | 1.58M +75.77% | 663.67K +98.54% | -3.13M -294.24% | -- -- | -- -- | 527.45K -20.53% | -1.68M +46.49% | -- -- | -- -- | -- -- | -- -- | -- -- |
Operating Income | -321.50K -- | -216.12K -- | -438.62K -- | -653.72K -- | -383.24K -19.20% | -489.89K -126.67% | -1.15M -161.47% | -2.86M -336.98% | -1.68M -338.26% | -2.76M -463.42% | -3.16M -175.86% | -5.40M -88.99% | -3.48M -107.13% | -6.35M -130.09% | -5.18M -63.86% | -11.32M -109.75% | -5.33M -53.25% | -4.89M +22.97% | -4.45M +14.21% | -5.28M +53.38% | -7.73M -44.94% | -9.12M -86.34% | -17.53M -294.19% | -23.94M -353.52% | -58.32M -- |
Non-Operating Income (Loss) | -- -- | -- -- | -- -- | 28.03K -- | -- -- | -232.39K -- | -7.84M -- | -289.77K -1133.81% | 121.84K -- | 19.54K +108.41% | 598.90K +107.64% | 572.88K +297.70% | -113.23K -192.93% | 519.81K +2560.63% | -151.82K -125.35% | -293.58K -151.25% | -262.89K -132.18% | -352.02K -167.72% | 258.01K +269.95% | -1.41M -379.98% | -4.69M -1683.59% | -4.22M -1098.29% | 2.21M +756.23% | 4.03M +386.24% | -2.66M -- |
Income (Loss) from Affiliates | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | 0 -- | 0 -- | -- -- | -504.00K -- | -734.14K -- | 0 -- | -- -- | 0 +100.00% | -- -- |
Gain (Loss) on Other Investment | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 355.77K -- | -- -- | -- -- | -- -- | 82.80K -76.73% | -239.49K -- | -333.87K -- | -- -- | 0 -100.00% | -4.01M -1573.71% | 0 +100.00% | -- -- | 0 -- | -- -- |
Gain (Loss) on Change in Fair Value | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -2.49M -- | -- -- | -- -- | -- -- | 1.04M +141.80% | -- -- | -- -- | -- -- | 0 -100.00% | -- -- | 0 -- | -- -- | 0 -- | -- -- | -4.23M -- | -1.45M -- | 1.50M -- | -- -- |
Other Non-Operating Income (Loss) | -- -- | -- -- | -- -- | 57.22K -- | -- -- | -232.39K -- | -7.84M -- | 3.43M +5889.50% | 138.94K -- | 65.55K +128.21% | 645.49K +108.24% | -787.00K -122.97% | -77.54K -155.81% | 552.29K +742.50% | -123.15K -119.08% | -351.21K +55.37% | -1.54K +98.01% | 1.54K -99.72% | 273.52K +322.10% | -893.16K -154.31% | 29.06K +1981.93% | -2.53K -263.60% | 2.89M +956.62% | 807.90K +190.45% | 3.72M -- |
Net Interest Expense | -- -- | -- -- | -- -- | 29.19K -- | -- -- | -- -- | 0 -- | 1.22M +4092.99% | 17.10K -- | 46.02K -- | 46.60K -- | 38.01K -96.89% | 35.69K +108.71% | 32.48K -29.41% | 28.67K -38.48% | 25.16K -33.80% | 21.86K -38.75% | 19.70K -39.37% | 15.51K -45.91% | 11.94K -52.55% | -24.55K -212.34% | -14.63K -174.30% | -771.10K -5072.60% | -1.73M -14589.72% | -2.54M -- |
Interest Expense | -- -- | -- -- | -- -- | 29.19K -- | -- -- | -- -- | -- -- | 1.22M +4092.99% | 17.10K -- | 46.02K -- | 46.60K -- | 38.01K -96.89% | 35.69K +108.71% | 32.48K -29.41% | 28.67K -38.48% | -96.84K -354.76% | -- -- | -- -- | 15.51K -45.91% | -57.06K +41.08% | -- -- | -- -- | -- -- | -- -- | -- -- |
Pretax Income From Continuing Operations | -321.50K -- | -216.12K -- | -438.62K -- | -625.69K -- | -383.24K -19.20% | -722.28K -234.20% | -8.98M -1948.31% | -3.15M -402.87% | -1.56M -306.47% | -2.74M -279.44% | -2.56M +71.45% | -4.83M -53.38% | -3.59M -130.60% | -5.83M -112.76% | -5.34M -108.04% | -11.62M -140.73% | -5.59M -55.73% | -5.24M +10.06% | -4.19M +21.49% | -6.69M +42.43% | -12.42M -121.95% | -13.33M -154.27% | -15.32M -265.74% | -19.91M -197.67% | -60.98M -- |
Income Tax Expense | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 694.56K -- | -251.56K -- | -- -- |
Current Income Tax | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- |
Deferred Income Tax | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 443.00K -- | -- -- |
Income from Discontinued Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -219.40K -- | -413.50K -- | -330.08K -- | -767.41K -- | -242.57K -10.56% | -599.51K -44.99% | -1.30M -293.60% | -384.71K +49.87% | 0 +100.00% | 0 +100.00% | -- -- | 0 +100.00% | -- -- |
Net Income | -321.50K -- | -216.12K -- | -438.62K -- | -625.69K -- | -383.24K -19.20% | -722.28K -234.20% | -8.98M -1948.31% | -3.15M -402.87% | -1.56M -306.47% | -2.74M -279.44% | -2.56M +71.45% | -4.83M -53.38% | -3.81M -144.68% | -6.24M -127.85% | -5.67M -120.91% | -12.38M -156.63% | -5.84M -53.13% | -5.84M +6.42% | -5.49M +3.13% | -7.07M +42.90% | -12.42M -112.72% | -13.33M -128.18% | -16.02M -191.82% | -19.66M -177.93% | -61.42M -- |
Net Income Attributable to Owners of the Company | -321.50K -- | -216.12K -- | -438.62K -- | -625.69K -- | -383.24K -19.20% | -722.28K -234.20% | -8.98M -1948.31% | -3.15M -402.87% | -1.56M -306.47% | -2.74M -279.44% | -2.56M +71.45% | -4.83M -53.38% | -3.81M -144.68% | -6.24M -127.85% | -5.67M -120.91% | -12.38M -156.63% | -5.84M -53.13% | -5.84M +6.42% | -5.49M +3.13% | -7.07M +42.89% | -12.42M -112.72% | -13.33M -128.18% | -16.02M -191.82% | -19.66M -177.91% | -61.42M -- |
Net Income Attributable to Common Stockholders | -321.50K -- | -216.12K -- | -438.62K -- | -625.69K -- | -383.24K -19.20% | -722.28K -234.20% | -8.98M -1948.31% | -3.15M -402.87% | -1.56M -306.47% | -2.74M -279.44% | -2.56M +71.45% | -4.83M -53.38% | -3.81M -144.68% | -6.24M -127.85% | -5.67M -120.91% | -12.38M -156.63% | -5.84M -53.13% | -5.84M +6.42% | -5.49M +3.13% | -7.07M +42.89% | -12.42M -112.72% | -13.33M -128.18% | -16.02M -191.82% | -19.66M -177.91% | -61.42M -- |
Other Comprehensive Income | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 609.15K -- | 291.04K -- | 365.04K -- | -- -- | -- -- | -4.62K -101.59% | -- -- | -- -- | -- -- | -- -- |
Total Comprehensive Income | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -27.50M -- | -5.55M -- | -5.48M -- | -- -- | -- -- | -12.42M -123.97% | -13.33M -143.39% | -- -- | -72.08M -- | -- -- |
Total Comprehensive Income Attributable to Owners of the Company | -- -- | -- -- | -- -- | -1.60M -- | -- -- | -- -- | -- -- | -13.24M -726.26% | -- -- | -- -- | -- -- | -11.69M +11.69% | -- -- | -- -- | -- -- | -27.50M -135.24% | -5.55M -- | -5.48M -- | -- -- | -23.19M +15.68% | -12.42M -123.97% | -13.33M -143.39% | -- -- | -72.08M -210.84% | -- -- |
Basic EPS | 0.89 -- | 0.01 -- | -0.02 -- | -- -- | -0.02 -102.25% | -0.04 -500.00% | -0.34 -1600.00% | -0.1 -- | -0.05 -150.00% | -0.05 -25.00% | -0.05 +85.29% | -0.09 +10.00% | -0.07 -40.00% | -0.12 -140.00% | -0.1 -100.00% | -0.23 -155.56% | -0.11 -57.14% | -0.11 +8.33% | -0.1 -- | -0.1 +56.52% | -0.17 -54.55% | -0.18 -63.64% | -0.32 -220.00% | -0.16 -60.00% | -0.83 -- |
Basic EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -0.11 -- | -0.09 -- | -- -- | -0.11 -- | -0.1 +9.09% | -0.08 +11.11% | -- -- | -0.17 -54.55% | -0.18 -80.00% | -0.32 -300.00% | -- -- | -- -- |
Basic EPS from Discontinued Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -0.01 -- | -0.01 -- | -- -- | 0 -- | -0.01 -- | -0.02 -100.00% | -- -- | 0 -- | 0 +100.00% | -- -- | -- -- | -- -- |
Diluted EPS | 0.89 -- | 0.01 -- | -0.02 -- | -- -- | -0.02 -102.25% | -0.04 -500.00% | -0.34 -1600.00% | -- -- | -0.05 -150.00% | -0.05 -25.00% | -0.05 +85.29% | -- -- | -0.07 -40.00% | -0.12 -140.00% | -0.1 -100.00% | -- -- | -0.11 -57.14% | -0.11 +8.33% | -0.1 -- | -- -- | -0.17 -54.55% | -0.18 -63.64% | -0.32 -220.00% | -- -- | -- -- |
Diluted EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -0.11 -- | -0.09 -- | -- -- | -0.11 -- | -0.1 +9.09% | -0.08 +11.11% | -- -- | -0.17 -54.55% | -0.18 -80.00% | -0.32 -300.00% | -- -- | -- -- |
Diluted EPS from Discontinued Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -0.01 -- | -0.01 -- | -- -- | 0 -- | -0.01 -- | -0.02 -100.00% | -- -- | 0 -- | 0 +100.00% | -- -- | -- -- | -- -- |
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