GoAI
Get started
Red Cat Holdings, Inc. logo

Red Cat Holdings, Inc.

RCAT

NASDAQIndustrialsAerospace & Defense

Open in GoAI

Previous close

$9.62

+$0.09 · +0.94%

Aug 21, 4:00 PM ET

Pre-market

$9.62

$0.00 · 0.00%

Aug 24, 5:13 AM ET

RCAT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

20

Strong Down

Sentiment

71

Bullish

Risk resilience

34

High Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Red Cat Holdings, Inc. (RCAT) operates as a multifaceted provider within the drone industry, offering a comprehensive suite of products, services, and innovative solutions. The company develops and supplies unmanned aerial vehicle (UAV) technology tailored for both commercial and government sectors, addressing critical applications such as reconnaissance, public safety, and detailed inspection. Its product portfolio also includes immersive First Person View (FPV) video goggles, alongside specialized software and hardware designed to enable drones to perform inspection tasks even in environments where global positioning systems are inaccessible. Furthermore, Red Cat Holdings actively markets and sells FPV drones and related equipment, predominantly serving the consumer marketplace. The company's operations are headquartered in San Juan, Puerto Rico.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
US
CEO
Jeffrey Thompson
Listed since
Jan 16, 2002
Employees
244

Market position

Day range

Current $9.62

52-week range

Current $9.62

Open
$9.63
Previous close
$9.53
Volume
8.55M
0.71× average
Average volume
12.01M
Average daily volume
Market cap
1.46B USD
Beta
1.35
Market reference 1
50-day average
$9.3741
+2.62% above average
200-day average
$10.9726
-12.33% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
797.77M USD
P/E (TTM)
-12.66×
P/B (TTM)
4.87×
P/S (TTM)
27.63×
EV / EBITDA
-11.5×
Earnings yield
-7.61%
Free cash flow yield
-10.11%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
5.41%
Operating margin
-153.36%
Net margin
-161.09%
Return on equity
-29.32%
Return on assets
-26.34%
Return on invested capital
-25.16%

Financial health

Debt / equity
0.06×
Current ratio
15.29×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends113%-255%-623%-991%Gross margin, FY2022: 14.40%Gross margin, FY2023: -18.06%Gross margin, FY2024: 20.64%Gross margin, FY2025: -27.96%Gross margin, FY2026: 3.13%Operating margin, FY2022: -202.25%Operating margin, FY2023: -569.98%Operating margin, FY2024: -100.22%Operating margin, FY2025: -532.78%Operating margin, FY2026: -163.51%Net margin, FY2022: -181.82%Net margin, FY2023: -608.27%Net margin, FY2024: -134.85%Net margin, FY2025: -899.20%Net margin, FY2026: -176.96%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 14.40%. Gross margin FY2023 -18.06%. Gross margin FY2024 20.64%. Gross margin FY2025 -27.96%. Gross margin FY2026 3.13%. Operating margin FY2022 -202.25%. Operating margin FY2023 -569.98%. Operating margin FY2024 -100.22%. Operating margin FY2025 -532.78%. Operating margin FY2026 -163.51%. Net margin FY2022 -181.82%. Net margin FY2023 -608.27%. Net margin FY2024 -134.85%. Net margin FY2025 -899.20%. Net margin FY2026 -176.96%.

Income trends

Revenue

40.73M USD+459.81%

Operating income

−66.6M USD-71.81%

Net income

−72.08M USD-10.17%
Income trends across reported periods52.01M USD6.89M USD−38.23M USD−83.36M USDRevenue, FY2022: 6.43M USDRevenue, FY2023: 4.62M USDRevenue, FY2024: 17.84M USDRevenue, FY2025: 7.28M USDRevenue, FY2026: 40.73M USDOperating income, FY2022: −13M USDOperating income, FY2023: −26.34M USDOperating income, FY2024: −17.88M USDOperating income, FY2025: −38.76M USDOperating income, FY2026: −66.6M USDNet income, FY2022: −11.69M USDNet income, FY2023: −28.11M USDNet income, FY2024: −24.05M USDNet income, FY2025: −65.42M USDNet income, FY2026: −72.08M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 6.43M USD. Revenue FY2023 4.62M USD. Revenue FY2024 17.84M USD. Revenue FY2025 7.28M USD. Revenue FY2026 40.73M USD. Operating income FY2022 −13M USD. Operating income FY2023 −26.34M USD. Operating income FY2024 −17.88M USD. Operating income FY2025 −38.76M USD. Operating income FY2026 −66.6M USD. Net income FY2022 −11.69M USD. Net income FY2023 −28.11M USD. Net income FY2024 −24.05M USD. Net income FY2025 −65.42M USD. Net income FY2026 −72.08M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue40.73M USD7.28M USD17.84M USD4.62M USD6.43M USD
Cost of goods sold39.46M USD9.31M USD14.16M USD5.46M USD5.5M USD
Gross profit1.27M USD−2.03M USD3.68M USD−834.31K USD925.52K USD
Research and development17.89M USD9.92M USD6.29M USD5.86M USD2.61M USD
Selling, general, and administrative49.98M USD26.67M USD15.25M USD16.82M USD9.97M USD
Operating expenses67.87M USD36.73M USD21.56M USD25.5M USD13.93M USD
Interest income—84.94K USD———
Interest expense——68.61K USD122K USD147.72K USD
Depreciation and amortization2.27M USD2.12M USD1.42M USD966.07K USD264.8K USD
Operating income−66.6M USD−38.76M USD−17.88M USD−26.34M USD−13M USD
Net income−72.08M USD−65.42M USD−24.05M USD−28.11M USD−11.69M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$20.00

107.90% upside
Past 12 months12-month forecastHigh $25.00Average $20.00Low $15.00

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

RCAT news

fool.com

Quantum Computing vs. Red Cat: Which High-Growth Innovation Stock Is a Better Buy in 2026?

Quantum Computing is scaling its thin-film lithium niobate chip fabrication capabilities to target advanced technology markets. Red Cat is experiencing massive revenue growth through its tactical drone programs for…

Read source
fool.com

Red Cat CEO Jeffrey Thompson Sells 150,000 Shares for $1.6 Million as the Stock Soars 24%

The disposition of ~150,000 shares generated ~$1.6 million in proceeds at a weighted average price of $10.45 per share on August 17, 2026. The transaction resulted in a 1% reduction in the executive's direct equity…

Read source
zacks.com

Ondas vs. Red Cat: Which Drone Stock Is the Better Pick Now?

ONDS pairs surging revenues, a $613M backlog and a lower valuation with integration risks, while RCAT faces a steep second-half ramp.

Read source
247wallst.com

Ondas Drops 7%, Unusual Machines Sinks 8%, Kratos Falls 5% as the Drone Trade Unwinds

Four drone stocks with wildly different year-to-date performances are all dropping by the same amount Thursday morning, and the reason has nothing to do with any news hitting the wires.

Read source
fool.com

Insider Sells 30,000 Shares of Small Cap Stock, Up 14% Over Last Year

The disposition of 30,000 shares on August 11, 2026, generated gross proceeds of approximately $311,000 based on a weighted average price of $10.35 per share. The transaction represented 13% of the insider's total equity…

Read source
247wallst.com

Red Cat Slides 4% on Maritime Autonomy Deal, Ondas Holdings Pulls Back

Red Cat (NASDAQ:RCAT) shares are down 4% to $10.65 Monday afternoon, slipping despite a fresh maritime autonomy partnership announcement from the company's Blue Ops division.

Read source

RCAT peers

Space Exploration Technologies Corp. logo

SPCX

Space Exploration Technologies Corp.

$136.97

+2.22%

CSX Corporation logo

CSX

CSX Corporation

$51.59

+1.22%

Cintas Corporation logo

CTAS

Cintas Corporation

$203.79

+0.13%

PACCAR Inc logo

PCAR

PACCAR Inc

$131.03

+1.62%

Honeywell International Inc. logo

HON

Honeywell International Inc.

$215.9

-1.11%

Fastenal Company logo

FAST

Fastenal Company

$51.26

+1.18%

ETFs holding RCAT

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR S&P Aerospace & Defense ETF logoState Street SPDR S&P Aerospace & Defense ETFXAR
Market value
76.95M
Weight
1.24%
AUM
6.19B USD
Expense ratio
0.35%
Price / 1D
$272.74+0.35%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
31.73M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
27.23M
Weight
0.03%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Global X - Defense Tech ETF logoGlobal X - Defense Tech ETFSHLD
Market value
13.5M
Weight
0.18%
AUM
7.42B USD
Expense ratio
0.50%
Price / 1D
$67.09-0.83%
iShares U.S. Aerospace & Defense ETF logoiShares U.S. Aerospace & Defense ETFITA
Market value
12.86M
Weight
0.09%
AUM
14.27B USD
Expense ratio
0.37%
Price / 1D
$237.34-0.09%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
11.42M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR S&P Kensho New Economies Composite ETF logoState Street SPDR S&P Kensho New Economies Composite ETFKOMP
Market value
10.11M
Weight
0.37%
AUM
2.71B USD
Expense ratio
0.20%
Price / 1D
$69.24+0.92%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
9.81M
Weight
0.07%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%

Continue in GoAI

Research RCAT

research.disclaimer