RCATRed Cat Holdings, Inc.
Is it safe?
Forensics clean, with a caveat: a safe balance sheet, but heavy debt (BB) and big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$5.4M, 90 days to Oct 8, 2026), selling is often routine.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -100% · now 67% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can RCAT take a bad year?
Red Cat Holdings, Inc. holds $324M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Altman Z-score
- 28.49
Altman Z-score · safe zone, above 3
- Debt / equity
- 0.00×
Debt / equity
Details›
- Total debtQ2 2027
- $1.8M
- Cash and short-term investments
- $326M
- Net cash
- $324M
- EBITDA, trailing twelve months
- −$106M
- Operating profit, trailing twelve months
- −$107M
- Debt / equity
- 0.00×
- Annualised volatilitytwo years of daily moves
- 123%
- Worst drawdown on file
- −100%
- Below its 52-week high
- 67%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.