In fiscal 2025, which ended Dec 31, 2025, Red Cat Holdings, Inc. used $89.1 million of cash from operations, down 403.0% from the year before. It spent $6.6 million on capital expenditures. Free cash flow was negative, at -$95.8 million.
USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
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
|
FY 2020
Apr 30, 2020
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2015
Dec 31, 2015
|
FY 2014
Dec 31, 2014
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | |||||||||||
| Depreciation and amortization |
—
|
2
|
—
|
—
|
—
|
—
|
—
|
—
|
0
|
0
-75.2%
|
0
|
| Stock-based compensation |
—
|
—
|
—
|
4
+11.1%
|
3
-2.9%
|
3
+1155.4%
|
0
|
—
|
—
|
0
-100.0%
|
0
|
| Operating cash flow |
—
|
-89
-403.0%
|
-18
+39.3%
|
-29
-82.3%
|
-16
-1045.1%
|
-1
-72.4%
|
-1
|
-1
+34.4%
|
-1
|
-0
+48.1%
|
-0
-306.3%
|
| Investing | |||||||||||
| Capital expenditures |
19
+2563.8%
|
7
+2466.4%
|
0
-89.4%
|
2
+573.7%
|
0
|
—
|
—
|
1
+11052.8%
|
—
|
0
|
—
|
| Investing cash flow |
—
|
-7
-149.0%
|
14
-54.2%
|
30
+163.5%
|
-47
-96251.9%
|
-0
-204.4%
|
0
|
-1
-10119.0%
|
—
|
0
|
0
|
| Financing | |||||||||||
| Debt issued |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
0
-41.5%
|
0
+958.8%
|
| Short-term debt issued |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
0
|
—
|
—
|
| Financing cash flow |
—
|
254
+3148.1%
|
8
+744.7%
|
-1
-101.8%
|
66
+4364.3%
|
1
+198.5%
|
0
|
1
-26.4%
|
2
|
0
-43.8%
|
0
+209.3%
|
| Change in cash | |||||||||||
| Net change in cash |
—
|
—
|
3
+440.4%
|
-1
-121.7%
|
4
+9259.8%
|
0
+115.2%
|
-0
|
—
|
—
|
—
|
—
|
| Free cash flow |
—
|
-96
-432.7%
|
-18
+43.2%
|
-32
-93.2%
|
-16
|
—
|
—
|
-2
-32.6%
|
—
|
-0
|
—
|
| Per share | |||||||||||
| Free cash flow per share |
—
|
-0.97
-223.7%
|
-0.30
|
—
|
—
|
—
|
—
|
-0.01
+53.0%
|
—
|
-0.01
|
—
|
| Ratios | |||||||||||
| Free cash flow margin |
—
|
-235.17%
|
-100.80%
|
-684.93%
|
-254.83%
|
—
|
—
|
-1,824.37%
|
—
|
-189.45%
|
—
|
| Capital expenditures to revenue |
26.03%
|
16.32%
|
1.45%
|
53.03%
|
5.66%
|
—
|
—
|
926.77%
|
—
|
0.00%
|
—
|
| Stock-based compensation to revenue |
—
|
—
|
—
|
79.14%
|
51.20%
|
67.77%
|
66.82%
|
—
|
—
|
0.00%
|
283.97%
|
| Cash conversion |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
-1.27x
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.
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)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.