# Red Cat Holdings, Inc.: overview RCAT · Nasdaq · CIK 748268 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/rcat.md) · [Financials](/companies/rcat/financials.md) · [Filings](/companies/rcat/filings.md) · [Insiders](/companies/rcat/insiders.md) Latest reported revenue: [$20.2m](/filings/0001628280-26-054368.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-054368). ## Last eight quarters | Line item | Unit | period not labelled (2024-09-30) | Q2 FY2025 (2024-10-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [1.3](/filings/0000748268-25-000010.md) | [1.5](/filings/0001554795-24-000344.md) | [1.6](/filings/0001628280-26-032121.md) | [3.2](/filings/0001628280-26-054368.md) | [9.6](/filings/0000748268-25-000010.md) | [26.2 d](/filings/0001628280-26-019861.md) | [15.5](/filings/0001628280-26-032121.md) | [20.2](/filings/0001628280-26-054368.md) | | Gross margin | % | [(30.3%)](/filings/0000748268-25-000010.md) | [(1.5%)](/filings/0001554795-24-000344.md) | [(52.1%)](/filings/0001628280-26-032121.md) | [11.6%](/filings/0001628280-26-054368.md) | [6.6%](/filings/0000748268-25-000010.md) | [4.2% d](/filings/0001628280-26-019861.md) | [12.7%](/filings/0001628280-26-032121.md) | [16.1%](/filings/0001628280-26-054368.md) | | Operating margin | % | [(653.2%)](/filings/0000748268-25-000010.md) | [(868.9%)](/filings/0001554795-24-000344.md) | [(765.5%)](/filings/0001628280-26-032121.md) | [(392.9%)](/filings/0001628280-26-054368.md) | [(181.7%)](/filings/0000748268-25-000010.md) | [(91.3%) d](/filings/0001628280-26-019861.md) | [(176.5%)](/filings/0001628280-26-032121.md) | [(191.4%)](/filings/0001628280-26-054368.md) | | Net margin | % | [(962.0%)](/filings/0000748268-25-000010.md) | [(868.9%)](/filings/0001554795-24-000344.md) | [(1418.6%)](/filings/0001628280-26-054368.md) | [(412.5%)](/filings/0001628280-26-054368.md) | [(166.0%)](/filings/0000748268-25-000010.md) | [(74.9%) d](/filings/0001628280-26-019861.md) | [(171.6%)](/filings/0001628280-26-054368.md) | [(174.6%)](/filings/0001628280-26-054368.md) | | Diluted EPS | $ per share | [(0.16)](/filings/0000748268-25-000010.md) | not reported | [(0.27)](/filings/0001628280-26-032121.md) | [(0.15)](/filings/0001628280-26-054368.md) | [(0.16)](/filings/0000748268-25-000010.md) | not reported | [(0.22)](/filings/0001628280-26-032121.md) | [(0.26)](/filings/0001628280-26-054368.md) | | Free cash flow | $m | [(8.2) d](/filings/0000748268-25-000010.md) | [(10.2) d](/filings/0001554795-24-000344.md) | [(16.2)](/filings/0001628280-26-032121.md) | [(13.2) d](/filings/0001628280-26-054368.md) | [(24.5) d](/filings/0000748268-25-000010.md) | [(41.9) d](/filings/0001628280-26-019861.md) | [(38.7)](/filings/0001628280-26-032121.md) | [(52.6) d](/filings/0001628280-26-054368.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 6-month figure less the 3-month figure; 12-month figure less the 9-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-04-30) | FY2022 (2022-04-30) | FY2023 (2023-04-30) | FY2024 (2024-04-30) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [5.0](/filings/0001554795-22-000302.md) | [6.4](/filings/0001554795-23-000231.md) | [1.3](/filings/0001641172-25-001892.md) | [17.8](/filings/0001628280-26-019861.md) | [40.7](/filings/0001628280-26-019861.md) | | Gross margin | % | [21.4%](/filings/0001554795-22-000302.md) | [14.4%](/filings/0001554795-23-000231.md) | [(63.6%)](/filings/0001641172-25-001892.md) | [20.6%](/filings/0001628280-26-019861.md) | [3.1%](/filings/0001628280-26-019861.md) | | Operating margin | % | not reported | not reported | [(2006.8%)](/filings/0001641172-25-001892.md) | [(108.2%)](/filings/0001628280-26-019861.md) | [(163.5%)](/filings/0001628280-26-019861.md) | | Net margin | % | [(264.7%)](/filings/0001554795-22-000302.md) | [(181.8%)](/filings/0001554795-23-000231.md) | [(2141.6%)](/filings/0001641172-25-001892.md) | [(134.9%)](/filings/0001628280-26-019861.md) | [(177.0%)](/filings/0001628280-26-019861.md) | | Diluted EPS | $ per share | [(0.56)](/filings/0001554795-21-000273.md) | not reported | [(0.52)](/filings/0001641172-25-001892.md) | [(0.40)](/filings/0001628280-26-019861.md) | [(0.73)](/filings/0001628280-26-019861.md) | | Free cash flow | $m | not reported | [(16.4)](/filings/0001554795-23-000231.md) | [(31.6)](/filings/0001554795-23-000231.md) | [(18.0)](/filings/0001628280-26-019861.md) | [(95.8)](/filings/0001628280-26-019861.md) | - Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues; Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/rcat/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $128.8m | 12,091,447 | | Added +4,928,540 | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $119.6m | 11,230,987 | | Reduced −445,997 | | [Hood River Capital Management LLC](/funds/1578177.md) | 2026-06-30 | $112.7m | 10,578,223 | | Added +7,545,218 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $62.4m | 5,861,166 | | Added +1,328,558 | | [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $46.2m | 4,338,900 | Call | Added +1,052,000 | | [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $36.7m | 3,441,774 | | Added +3,275,575 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $33.4m | 3,132,448 | | Added +535,717 | | [VAN ECK ASSOCIATES CORP](/funds/869178.md) | 2026-06-30 | $27.2m | 2,553,337 | | New +2,553,337 | | [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $25.4m | 2,385,654 | | Added +582,111 | | [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $20.7m | 1,941,700 | Call | Added +926,300 | ## Recent filings [All 713 filings](/companies/rcat/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-23 | 16:05 ET | [8-K](/filings/0001493152-26-048228.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-048228 | | 2026-08-06 | 20:27 ET | [10-Q](/filings/0001628280-26-054368.md) | Quarterly report, period 2026-06-30 | 0001628280-26-054368 | | 2026-08-06 | 20:26 ET | [8-K](/filings/0001628280-26-054364.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-054364 | | 2026-07-22 | 13:00 ET | [8-K](/filings/0001493152-26-034190.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-034190 | | 2026-06-25 | 15:41 ET | [8-K](/filings/0001628280-26-045393.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-045393 | | 2026-05-20 | 10:35 ET | [8-K](/filings/0001104659-26-064095.md) | 2.01 Completion of an acquisition or disposition; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-064095 | | 2026-05-18 | 20:00 ET | [8-K](/filings/0001104659-26-063175.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-063175 | | 2026-05-14 | 21:20 ET | [8-K](/filings/0001104659-26-061333.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-061333 | | 2026-05-11 | 10:05 ET | [8-K](/filings/0001493152-26-022095.md) | 8.01 Other events | 0001493152-26-022095 | | 2026-05-07 | 20:14 ET | [10-Q](/filings/0001628280-26-032121.md) | Quarterly report, period 2026-03-31 | 0001628280-26-032121 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-019861.md), filed Mar 19, 2026. ## Forecast league Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/02f045c4-05c7-4c9e-b6fa-98177bdd9b74) ## About the filer - CIK: 748268 - Tickers: RCAT - Exchange: Nasdaq - SIC code: 7372 Services-Prepackaged Software - State of incorporation: not reported - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:23 ET. No prices; not investment advice.