FY2025 · ended Dec 31, 2025 · Revenue $40.73M, +128.4% YoY · Filed Mar 19, 2026
Red Cat Holdings, Inc. (RCAT) files with the SEC under industry code 7372, Services-Prepackaged Software. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $40.7 million and a net loss of $72.1 million. Free cash flow was -$95.8 million. As of Jun 30, 2026 it held $325.6 million in cash and investments and $15.8 million in total debt.
Revenue (TTM)
$71.54M
+227.5% vs year-ago TTM
Net income (TTM)
$-97.48M
-99.9% vs year-ago TTM
Operating cash flow
$-89.13M
-403.0% vs prior year
Free cash flow
$-95.78M
-432.7% vs prior year
EPS (TTM)
$-0.82
Dividend per share
None
Shares outstanding
121.14M
+41.4% vs prior year
Net cash
$309.79M
as of Jun 30, 2026
Operating margin
-150.1%
FY 2026
Company profile
- Industry
- Services-Prepackaged Software (SIC 7372)
- Listed as
- RCAT (Nasdaq)
- Fiscal year ends
- December 31
- Headquarters
- South Salt Lake, UT
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 748268
- Former names
- TimefireVR Inc. (until Jul 31, 2019); EnergyTEK Corp. (until Nov 18, 2016); BROADLEAF CAPITAL PARTNERS INC (until Jun 30, 2014); BROADLEAF CAPITAL PARTNERS INC (until Sep 28, 2004); PEACOCK FINANCIAL CORP (until Feb 21, 2002)
Other Services-Prepackaged Software companies
- Microsoft Corp MSFT
- Palantir Technologies Inc. PLTR
- Oracle Corp ORCL
- Sap SE SAP
- CrowdStrike Holdings, Inc. CRWD
- Shopify Inc. SHOP
- Salesforce, Inc. CRM
- ServiceNow, Inc. NOW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Apr 30, 2024 |
FY 2023 Apr 30, 2023 |
FY 2022 Apr 30, 2022 |
FY 2021 Apr 30, 2021 |
|---|---|---|---|---|---|
| Revenue | $40.7M | $17.8M | $4.6M | $6.4M | $5.0M |
| Operating income | -$66.6M | -$19.3M | — | — | — |
| Net income | -$72.1M | -$24.1M | -$28.1M | -$11.7M | -$13.2M |
| Diluted EPS | -$0.73 | -$0.40 | — | — | — |
| Operating cash flow | -$89.1M | -$17.7M | -$29.2M | -$16.0M | -$1.4M |
| Free cash flow | -$95.8M | -$18.0M | -$31.6M | -$16.4M | — |
| Total assets | $273.7M | $48.5M | $60.7M | $85.1M | $11.7M |
| Total liabilities | $27.8M | — | — | — | — |
| Stockholders' equity | $245.8M | $43.6M | $54.8M | $79.1M | $5.3M |
| Cash and investments | $167.9M | $6.1M | $16.0M | $4.1M | $277,347 |
| Total debt | $13.9M | $2.3M | $3.0M | $3.0M | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Other events
|
Oct 23, 2026 | Oct 19, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Officer or director change, Other events
|
Jul 22, 2026 | Jul 17, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 25, 2026 | Jun 18, 2026 |
| 8-K |
Current report
Acquisition or sale of assets, Unregistered share sale, Regulation FD disclosure
|
May 20, 2026 | May 19, 2026 |
All 824 Red Cat Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.