Red Cat (RCAT)
Builds U.S.-made drones and robotic systems for defense and national-security missions.
$6.72
vs last close−0.22 (−3.24%)
In millions of USD, except per-share figures
| In millions | Q3 FY24Jan 2024 | Q4 FY24Apr 2024 | Q1 FY25Jul 2024 | Q2 FY25Oct 2024 | Q3 FY25Dec 2024 | Q4 FY25Mar 2025 | Q1 FY26Jun 2025 | Q2 FY26Sep 2025 | Q4 FY26Dec 2025 | Q3 FY26Dec 2025 | Q1 FY27Mar 2026 | Q2 FY27Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 7 | 3 | 2 | 1 | 2 | 3 | 10 | 2 | 26 | 15 | 20 |
| Cost of revenue | 5 | 5 | 3 | 2 | 2 | 2 | 3 | 9 | 2 | 25 | 14 | 17 |
| Gross profit | 1 | 1 | 0 | 0 | −1 | −1 | 0 | 1 | −1 | 1 | 2 | 3 |
| 6 | 7 | 7 | 9 | 9 | 12 | 13 | 18 | 12 | 25 | 29 | 42 | |
| Research & development | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 6 | 3 | 5 | 8 | 14 |
| 3 | 7 | 6 | 7 | 6 | 8 | 9 | 12 | 8 | 20 | 21 | 28 | |
| Selling & marketing | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 5 | 6 |
| General & administrative | 2 | 5 | 3 | 5 | 4 | 5 | 6 | 9 | 5 | 17 | 17 | 21 |
| Other expenses | 1 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating income | −4 | −6 | −8 | −9 | −9 | −12 | −13 | −18 | −12 | −24 | −27 | −39 |
| 0 | 1 | −5 | −4 | −7 | −11 | −1 | 2 | −11 | 4 | 1 | 3 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | −3 | 2 | 1 | 2 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | 0 | −1 | 0 | 4 | −4 | 11 | 1 | −2 | 11 | −4 | 1 | −3 |
| Income before tax | −4 | −5 | −12 | −13 | −17 | −23 | −13 | −15 | −23 | −20 | −27 | −35 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | −4 | −5 | −12 | −13 | −17 | −23 | −13 | −16 | −23 | −20 | −27 | −35 |
| Discontinued operations | −1 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −5 | −7 | −12 | −13 | −17 | −23 | −13 | −16 | −23 | −20 | −27 | −35 |
| EPS, basic | −$0.10 | −$0.10 | −$0.17 | −$0.17 | −$0.24 | −$0.27 | −$0.15 | −$0.16 | −$0.22 | −$0.16 | −$0.22 | −$0.26 |
| EPS, diluted | −$0.10 | −$0.10 | −$0.17 | −$0.17 | −$0.24 | −$0.27 | −$0.15 | −$0.16 | −$0.22 | −$0.16 | −$0.22 | −$0.26 |
| Weighted average shares, basic | 56 | 74 | 75 | 76 | 86 | 86 | 91 | 100 | 119 | 119 | 121 | 137 |
| Weighted average shares, diluted | 56 | 74 | 75 | 76 | 86 | 86 | 91 | 100 | 119 | 119 | 121 | 137 |
| EBITDA | −4 | −5 | −7 | −13 | −4 | −23 | −13 | −15 | −23 | −19 | −27 | −33 |
| Depreciation & amortization | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| EBIT | −4 | −5 | −8 | −13 | −5 | −23 | −13 | −15 | −23 | −20 | −28 | −35 |
