The financials
Red Cat Holdings, Inc. by the numbers
Red Cat Holdings, Inc. (RCAT) reported revenue of $15M in Q1 2027 (quarter ended March 31, 2026), up 849% from the same quarter a year earlier. That came with a gross margin of 13% and net loss of $27M. For the full year FY2026, revenue was $41M (+128% year on year) and net income −$72M.
| Income statement | Q1 2027 | Q4 2025 | Change |
|---|---|---|---|
| Revenue | $15M | $1.6M | +849% |
| Gross profit | $2.0M | −$850K | to a profit |
| Operating income | −$27M | −$12M | n/a |
| Net income | −$27M | −$23M | n/a |
| Diluted EPS | −$0.22 | −$0.27 | n/a |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $477.0K (+83%)
Service grew -58% year on year
Segment Latestquarter on quarteryear on year
- Service$477.0K$477.0KQoQ +83%year on year -58%+83%-58%
Aerospace & Defense
Ranks #39 of 48 by Smart Score