Saturday 17 October 2026 Export RCAT’s income statement to Excel — free account

Red Cat Holdings, Inc.

In the quarter to June 2026, revenue grew 527.2%, EPS fell 73.3%, free cash flow fell 298.2% and total debt rose 154.9%, each against the same quarter a year earlier.

4.72 0.18 −3.67%

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Market cap: $748.3M
P/E: 0.0×
Fwd P/E: −17.0×
Dividend yield: —
F-score: n/a
Altman Z: 16.18
Beneish M: 4.12
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 7.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	1	3	1	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 748.30

Revenue 71.54

Net Income (97.48)

Free Cash Flow (157.70)

Net Debt (324.66)

Current Ratio 14.86

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (17.00)

P/S ratio 9.03

P/B ratio 1.37

Past 5Y EPS Growth —

This Y EPS Growth (11.47%)

Next Y EPS Growth 17.05%

Next Y revenue growth 270.74%

Next 5Y EPS Growth (3.53%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 16.80%

10-year low 10-year high

P/B against its own 10 years 38.64%

10-year low 10-year high

EV/Sales against its own 10 years 13.45%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	16	6	168	326
Receivables	1	4	26	10
Inventory	9	8	23	85
Other	1	4	7	—
	32	22	227	425

	2023	2024	2025	Q'26
Payables	1	2	4	13
ST’ Debt	1	1	0	1
Other	0	0	0	0
	4	4	15	29

Compound Annual Growth %

	10y	5y	3y
Sales	139.72%	52.12%	106.57%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	115.69%	64.96%

Revenue $m

	Jul	Oct	Jan	Apr	Year
’26	—	—	—	—	—
’25	—	—	—	—	41
’24	3	2	—	—	5
’24	2	4	6	6	18
’23	1	1	2	1	5
’22	1	2	2	1	6
’21	1	0	2	2	5

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jul	Oct	Jan	Apr	Year
’26	—	—	—	—	—
’25	—	—	—	—	(89)
’24	4	(10)	—	—	(21)
’24	(7)	(4)	(15)	(2)	(18)
’23	(4)	(6)	(17)	(8)	(24)
’22	(4)	(4)	(12)	(4)	(16)
’21	1	0	(1)	0	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jul	Oct	Jan	Apr	Year
’26	—	—	—	—	—
’25	—	—	—	—	(96)
’24	4	(10)	—	—	(21)
’24	(7)	(4)	(16)	(2)	(18)
’23	(4)	(6)	(19)	(8)	(27)
’22	(4)	(5)	(12)	(4)	(16)
’21	1	0	(1)	0	(1)

Fiscal quarters ending in the months shown.

EPS $

	Jul	Oct	Jan	Apr	Year
’26	—	—	—	—	—
’25	—	—	—	—	(0.73)
’24	(0.17)	(0.17)	—	—	(0.57)
’24	(0.11)	(0.11)	(0.10)	(0.09)	(0.40)
’23	(0.07)	(0.12)	(0.10)	(0.21)	(0.52)
’22	(0.05)	(0.05)	(0.05)	(0.09)	(0.24)
’21	(0.02)	(0.04)	(0.34)	(0.10)	(0.56)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	240.00	13.20	1.20	0.70	0.35	1.78	0.77	0.53	0.56	4.58	Analyst estimates 2026–2028 Powerpack
	High	3,000.00	1,017.60	222.00	12.20	4.29	7.75	2.92	1.54	14.91	16.70
People
People	Employees	—	—	—	—	11	14	70	76	89	244
	Revenue/emp, $m	0.00	—	0.00	0.00	0.04	0.36	0.09	0.06	0.00	0.17
Income, $m
Income, $m	Revenue	0	—	0	0	0	5	6	5	5	41
	Gross margin, %	0.00	0.00	(234.73)	19.44	19.46	21.40	14.40	(18.06)	(27.96)	3.13
	EBT	(3)	3	(1)	(1)	(2)	(13)	(12)	(26)	(44)	(72)
	EBT margin, %	(1,658.55)	0.00	0.00	(275.56)	(396.61)	(264.75)	(181.82)	(570.82)	(899.26)	(175.87)
	Net income	(3)	3	(1)	0	(2)	(13)	(12)	(26)	(44)	(72)
	Depreciation	0	0	0	0	—	1	0	1	1	2
Per share, $
Per share, $	Revenue	5.82	0.00	0.64	0.00	0.03	0.21	0.13	0.09	0.06	0.41
	Earnings	(144.00)	19.43	(16.12)	(0.14)	(0.12)	(0.56)	(0.24)	(0.52)	(0.57)	(0.73)
	Cash flow	(43.20)	(39.22)	0.00	0.00	(0.06)	(0.06)	(0.33)	(0.45)	(0.27)	(0.90)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	(0.01)	(0.05)	0.00	(0.07)
	Free cash flow	(43.20)	(39.22)	0.00	0.00	(0.06)	(0.06)	(0.34)	(0.50)	(0.27)	(0.97)
	Book value	(109.80)	(48.04)	0.00	0.00	0.11	0.22	1.62	1.02	0.65	2.48
	Shares, m	0	0	0	5	14	24	48	54	77	99
Valuation, ×
Valuation, ×	P/E	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.00	—	0.00	0.00	0.00	14.49	15.45	9.91	0.00	19.27
	P/B	0.00	—	0.00	0.00	17.85	18.22	1.28	0.84	19.75	3.19
	EV/Sales	0.00	—	0.00	0.00	0.00	14.75	8.15	6.73	(215.52)	15.36
	EV/FCF	0.00	—	0.00	0.23	(19.38)	(47.01)	(2.10)	(0.83)	(30.54)	(6.53)
Cash, $m
Cash, $m	Operating cash flow	(2)	(2)	(1)	0	(1)	(1)	(16)	(24)	(21)	(89)
	Capex	0	—	0	0	—	—	0	(2)	0	(7)
	Free cash flow	(2)	(2)	(1)	0	(1)	(1)	(16)	(27)	(21)	(96)
Balance, $m
Balance, $m	Working capital	0	(2)	0	0	(1)	(3)	50	28	22	212
	Total debt	—	1	2	—	1	2	2	1	0	0
	Net debt	0	1	(1)	(1)	1	2	(47)	(15)	(9)	(168)
	Shareholders’ equity	(4)	(2)	0	0	2	5	78	55	50	246
Returns, %
Returns, %	ROA	(1,418.09)	169.29	(173.55)	(530.96)	(93.91)	(182.55)	(24.16)	(38.55)	(83.76)	(43.78)
	ROIC	0.00	0.00	0.00	(1,833.23)	(46.42)	(43.47)	(26.24)	(39.54)	(39.09)	(53.15)
	ROE	174.61	(25.94)	55.73	0.00	(245.92)	(393.05)	(28.12)	(42.37)	(93.11)	(48.71)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CDRE Cadre Holdings, Inc.	$1.1B	30.3×	26.3×	+31.84% (above 0%: growing)	−10.00% (below 0%: shrinking)	+1,496.41% (above 0%: growing)	42.07%	10.84%	Compare
NPK National Presto Industries, Inc.	$1.1B	24.9×	— (loss-making)	+21.71% (above 0%: growing)	+206.94% (above 0%: growing)	+169.47% (above 0%: growing)	19.47%	13.24%	Compare
RCAT Red Cat Holdings, Inc.	$748.3M	— (loss-making)	— (loss-making)	+527.18% (above 0%: growing)	n/m	−298.17% (below 0%: shrinking)	16.15%	(191.42%)
RGR Sturm, Ruger & Company, Inc.	$686.1M	56.3×	— (loss-making)	+19.30% (above 0%: growing)	n/m	+54.31% (above 0%: growing)	21.35%	4.83%	Compare
SWBI Smith & Wesson Brands, Inc.	$634.9M	26.2×	30.6×	+32.34% (above 0%: growing)	n/m	−67.46% (below 0%: shrinking)	28.66%	3.75%	Compare
SATL Satellogic Inc.	$631.9M	— (loss-making)	— (loss-making)	+258.54% (above 0%: growing)	n/m	−178.72% (below 0%: shrinking)	82.27%	1.67%	Compare
EVEX Eve Holding, Inc.	$582.0M	— (loss-making)	—	—	n/m	+13.25% (above 0%: growing)	0.00%	0.00%	Compare
PKE Park Aerospace Corp.	$578.8M	36.5×	— (loss-making)	+26.92% (above 0%: growing)	+75.00% (above 0%: growing)	+21.48% (above 0%: growing)	34.32%	22.76%	Compare
TATT TAT Technologies Ltd.	$418.7M	20.4×	28.7×	+22.81% (above 0%: growing)	+106.67% (above 0%: growing)	−146.68% (below 0%: shrinking)	25.16%	10.62%	Compare
Median of peers	$633.4M	28.3×	28.7×	+26.92%	+90.84%	+17.37%	26.91%	7.73%

All 82 Aerospace & Defense stocks →

Red Cat Holdings, Inc. (RCAT) key facts

Red Cat Holdings, Inc. (RCAT) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, RCAT traded at $4.72, a market capitalization of $748.3 million.
Return on equity was −48.7% and debt-to-equity 0.00.
Its Altman Z-score is 16.18 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.