Red Cat Holdings, Inc. (RCAT) — Financial statements
Income statement, balance sheet, and cash flow for Red Cat Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 41↑459.8% | 7↓59.2% | 18↑286.0% | 5↓28.1% | 6 | |
| Cost of Revenue | 39↑323.8% | 9↓34.2% | 14↑159.5% | 5↓0.9% | 6 | |
| Gross Profit | 1↑162.6% | -2↓155.3% | 4↑541.1% | -0.83↓190.1% | 0.93 | |
| Operating Expenses | ||||||
| R&D Expenses | 18↑80.4% | 10↑57.6% | 6↑7.4% | 6↑124.9% | 3 | |
| General & Administrative Expenses | 37↑114.5% | 17↑61.0% | 11↓16.2% | 13↑44.1% | 9 | |
| Selling & Marketing Expenses | 13↑38.2% | 9↑107.6% | 5↑12.0% | 4↑261.6% | 1 | |
| SG&A Expenses | 50↑87.4% | 27↑74.9% | 15↓9.3% | 17↑68.7% | 10 | |
| Other Expenses | 0.00↓100.0% | 0.14↑680.0% | 0.02↓99.4% | 3↑108.8% | 1 | |
| Operating Expenses | 68↑84.8% | 37↑70.4% | 22↓15.5% | 26↑83.1% | 14 | |
| Total Costs & Expenses | 107↑133.1% | 46↑28.9% | 36↑15.4% | 31↑59.3% | 19 | |
| Operating Results | ||||||
| Operating Income | -67↓71.8% | -39↓116.8% | -18↑32.1% | -26↓102.6% | -13 | |
| Depreciation & Amortization | 2↑6.9% | 2↑48.9% | 1↑47.3% | 0.97↑264.8% | 0.26 | |
| EBITDA | -64↓76.2% | -37↓127.6% | -16↑28.9% | -23↓99.9% | -11 | |
| EBIT | -67↓72.4% | -39↓121.2% | -17↑25.7% | -24↓103.7% | -12 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00↓100.0% | 0.08↑223.8% | -0.07↑43.8% | -0.12↑17.4% | -0.15 | |
| Interest Income | 0.00↓100.0% | 0.08 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00 | 0.00↓100.0% | 0.07↓43.8% | 0.12↓17.4% | 0.15 | |
| Non-Operating Income | 0.00↑100.0% | -0.14↑66.2% | -0.41↑85.4% | -3↓93.5% | -1 | |
| Other Income / Expenses | -5↑81.1% | -27↓630.3% | -4↓9304.8% | -0.04↓103.0% | 1 | |
| Income Before Tax | -72↓9.5% | -65↓203.9% | -22↑18.4% | -26↓125.7% | -12 | |
| Income Tax Expense | 0.44 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -72↓10.2% | -65↓203.9% | -22↑18.4% | -26↓125.7% | -12 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↑100.0% | -3↓46.0% | -2 | 0.00 | |
| Net Income | -72↓10.2% | -65↓172.0% | -24↑14.4% | -28↓140.5% | -12 | |
| Bottom-Line Net Income | -72↓10.2% | -65↓203.9% | -22↑18.4% | -26↓125.7% | -12 | |
| EPS (Basic) | -0.60↑29.4% | -0.85↓112.5% | -0.40↑18.4% | -0.49↓104.2% | -0.24 | |
| EPS (Diluted) | -0.60↑29.4% | -0.85↓112.5% | -0.40↑18.4% | -0.49↓104.2% | -0.24 | |
| Weighted Average Shares | 119↑55.0% | 77↑28.1% | 60↑11.6% | 54↑11.7% | 48 | |
| Weighted Average Diluted Shares | 119↑55.0% | 77↑28.1% | 60↑11.6% | 54↑11.7% | 48 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.