undamentalytics Newsletter
Sign in

Red Cat Holdings, Inc. (RCAT) stock

Add to watchlist

Add holding +

NASDAQ: RCAT Nasdaq Aerospace & Defense Next results ~November 16, 2026

Red Cat Holdings, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Red Cat Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds189 adding, 95 cuttingOf 29 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Red Cat Holdings files

Where Red Cat stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $72m, up 242.8% on a year earlier, faster than the 236.0% growth a quarter earlier. Free-cash-flow margin rose to -220.4% from -516.9% a year earlier. Operating margin widened to -150.2% from -733.4%. It passes 4 of our 5 financial-health checks.

Our model value for Red Cat Holdings is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 16, 2026 (estimated)

Current signal Net margin expanding: TTM net margin reached -136.3%, up 4328.2pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 242.8% over the last 12 months.
  • Growth speeding up. The growth rate is 6.8 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -150.2%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 331.0 points on a year ago.
  • Burning cash. Free cash flow was -220.4% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 23.5% of revenue: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 105% and a beta of 3.6 against the S&P 500.
  • Gross margin slipping. Gross margin is down 33.1 points on a year ago.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.23 against an average estimate of -$0.17: missed by 34.9%
Revenue
$20m, up 527.3% on a year earlier
Share reaction
+6.4% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 16, 2026; average EPS estimate -$0.18

Red Cat Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.9%
  • 1 week+1.1%
  • 1 month-30.5%
  • This year-43.9%
  • 1 year-60.4%
  • 5 years+58.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$71.5M
Operating margin
-150.2%
Net margin
-136.3%
EPS (TTM, diluted)
$-0.82

Cash

Free cash flow (TTM)
-$158M
FCF margin
-220.4%
Stock pay % of revenue
23.5%

Earnings

Last results
August 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Insider trade
  3. Insider trade
  4. Results
  5. Leadership
  6. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Red Cat Holdings, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Valuation multiples over time Market data may be delayed

At fiscal year end 201520162017201820202021202320242025Now
Share price$240.00$1017.60$34.80$2.40$1.50$4.04$0.89$1.53$7.93$4.45
Market value$13.1bn$107m$6.1bn$394m$21m$96m$48m$92m$785m$530m
+ Net debt (− = net cash)$107777−$52437$1m−$5787$0$0$0$0$0$0
Enterprise value$13.1bn$107m$6.1bn$394m$21m$96m$48m$92m$785m$530m
Multiples
Price / sales n/mn/mn/mn/m51.0x19.1x10.3x5.2x19.3x7.4x
Price / earnings ——n/m———————
Price / free cash flow ——————————
EV / EBITDA ——————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

17 /100

Weak moat

How hard Red Cat Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -282.1% of total assets over 6 years.

  • Pricing power 0 / 20

    Gross margin has been a median 9.7%, moving by 126.3 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -402.4%; its worst year was -904.6%.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 16, 2026, after the close. Analysts expect revenue of $41m and EPS of −$0.18 (range −$0.18 to −$0.18) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.68 +3% $151m +271%
Next −$0.44 +35% $214m +42%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +58.1% on 90 days ago. In the last 30 days, 0 analysts raised Red Cat Holdings, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Red Cat Holdings, Inc., last 90 days
−$0.80 −$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.43 Current fiscal year, 60 days ago: −$0.68 Current fiscal year, 30 days ago: −$0.74 Current fiscal year, 7 days ago: −$0.74 Current fiscal year, Now: −$0.68 −$0.68 Next fiscal year, 90 days ago: −$0.36 Next fiscal year, 60 days ago: −$0.44 Next fiscal year, 30 days ago: −$0.56 Next fiscal year, 7 days ago: −$0.56 Next fiscal year, Now: −$0.44 −$0.44

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.43−$0.36
60 days ago −$0.68−$0.44
30 days ago −$0.74−$0.56
7 days ago −$0.74−$0.56
Now −$0.68−$0.44

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.17 −$0.23 −34.9%
Mar 2026 −$0.12 −$0.22 −88.6%
Dec 2025 −$0.15 −$0.17 −13.3%
Sept 2025 −$0.10 −$0.16 −60.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

7 analysts, Oct 2026
Buy686%
Hold114%
Sell00%

Monthly trend

  1. Oct 20261517
  2. Sep 20261618
  3. Aug 2026167
  4. Jul 2026156

Counts of recommendations published by analysts covering Red Cat Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
27.1%
of tradable shares
Days to cover
4.26
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
58%
of shares
Held by insiders
8.1%
of shares
Employees
244
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −60.4%

$11.25 on October 31, 2025 to $4.45

ThenNowEffect
Revenue (last 12 months) $101025 $72m +70714.9%
P/S multiple n/m 7.4x −99.9%
Share count 82m 119m −31.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RCAT−31%−55%−6%+1360%−38%−44%
Industry peers (median)−4%−10%+14%+22%+19%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RCAT42%50%50%75%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RCAT−74%−72%−61%−47%−67%−75%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 100% from November 14, 2016 to March 18, 2020. Getting back needed a 509900% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.37 – $17.36
From 52-week high
−74.4%
vs 50-day average
−32.3%
vs 200-day average
−57.4%
Volatility (1 year)
105%
Beta vs S&P 500
3.57

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 5 down
typical move ±6.1%
After a week
3 up, 4 down
typical move ±10.1%
After a month
3 up, 4 down
typical move ±20.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +6.4% +0.5% +18.1% −3.3%
May 7, 2026 −2.4% +0.5% −8.3% +17.3%
March 18, 2026 −10.8% −1.6% −6.5% −25.0%
January 13, 2026 +14.4% −0.7% +30.7% −5.8%
March 18, 2024 −2.7% +1.2% +3.5% +89.3%
September 21, 2023 −2.7% −1.9% −1.0% −0.3%
September 15, 2023 −3.0% −1.1% −2.4% +1.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Red Cat Holdings, Inc.
$0 $20M $40M $60M $80M FY15 Q2 FY16 Q1 FY16 Q4 FY26 Q2 Revenue (TTM), FY15 Q2: $67K Revenue (TTM), FY15 Q3: $60.6K Revenue (TTM), FY15 Q4: $59.4K Revenue (TTM), FY16 Q1: $33.3K Revenue (TTM), FY16 Q2: $222.7K Revenue (TTM), FY16 Q3: $203.6K Revenue (TTM), FY16 Q4: $203.6K Revenue (TTM), FY19 Q1: $101K Revenue (TTM), FY19 Q2: $101K Revenue (TTM), FY25 Q4: $40.7M Revenue (TTM), FY26 Q1: $54.6M Revenue (TTM), FY26 Q2: $71.5M $71.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY15 Q2 $67K
FY15 Q3 $60.6K
FY15 Q4 $59.4K
FY16 Q1 $33.3K
FY16 Q2 $222.7K
FY16 Q3 $203.6K
FY16 Q4 $203.6K
FY19 Q1 $101K
FY19 Q2 $101K
FY25 Q4 $40.7M
FY26 Q1 $54.6M
FY26 Q2 $71.5M
Revenue growth, TTM YoY Red Cat Holdings, Inc.
-2000% 0% 2000% 4000% 6000% FY14 Q2 FY15 Q2 FY15 Q4 FY16 Q2 FY16 Q4 Revenue growth, TTM YoY, FY14 Q2: -55.0% Revenue growth, TTM YoY, FY14 Q3: -68.5% Revenue growth, TTM YoY, FY15 Q2: 5734.8% Revenue growth, TTM YoY, FY15 Q3: 1472.9% Revenue growth, TTM YoY, FY15 Q4: 41.1% Revenue growth, TTM YoY, FY16 Q1: -51.3% Revenue growth, TTM YoY, FY16 Q2: 232.2% Revenue growth, TTM YoY, FY16 Q3: 236.0% Revenue growth, TTM YoY, FY16 Q4: 242.8% 242.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY14 Q2 -55.0%
FY14 Q3 -68.5%
FY15 Q2 5734.8%
FY15 Q3 1472.9%
FY15 Q4 41.1%
FY16 Q1 -51.3%
FY16 Q2 232.2%
FY16 Q3 236.0%
FY16 Q4 242.8%
Operating margin (TTM) Red Cat Holdings, Inc.
-2000% -1500% -1000% -500% 0% FY15 Q1 FY15 Q4 FY16 Q3 FY26 Q2 Operating margin (TTM), FY15 Q1: -587.6% Operating margin (TTM), FY15 Q2: -606.0% Operating margin (TTM), FY15 Q3: -520.0% Operating margin (TTM), FY15 Q4: -402.4% Operating margin (TTM), FY16 Q1: -744.2% Operating margin (TTM), FY16 Q2: -167.1% Operating margin (TTM), FY16 Q3: -428.2% Operating margin (TTM), FY16 Q4: -733.4% Operating margin (TTM), FY19 Q1: -1591.7% Operating margin (TTM), FY25 Q4: -163.5% Operating margin (TTM), FY26 Q1: -149.2% Operating margin (TTM), FY26 Q2: -150.2% -150.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q1 -587.6%
FY15 Q2 -606.0%
FY15 Q3 -520.0%
FY15 Q4 -402.4%
FY16 Q1 -744.2%
FY16 Q2 -167.1%
FY16 Q3 -428.2%
FY16 Q4 -733.4%
FY19 Q1 -1591.7%
FY25 Q4 -163.5%
FY26 Q1 -149.2%
FY26 Q2 -150.2%
FCF margin (TTM) Red Cat Holdings, Inc.
-800% -600% -400% -200% 0% FY14 Q4 FY15 Q3 FY16 Q2 FY26 Q2 FCF margin (TTM), FY14 Q4: -514.7% FCF margin (TTM), FY15 Q1: -340.0% FCF margin (TTM), FY15 Q2: -188.9% FCF margin (TTM), FY15 Q3: -198.6% FCF margin (TTM), FY15 Q4: -189.5% FCF margin (TTM), FY16 Q1: -459.4% FCF margin (TTM), FY16 Q2: -137.9% FCF margin (TTM), FY16 Q3: -516.9% FCF margin (TTM), FY16 Q4: -786.0% FCF margin (TTM), FY25 Q4: -235.2% FCF margin (TTM), FY26 Q1: -216.8% FCF margin (TTM), FY26 Q2: -220.4% -220.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY14 Q4 -514.7%
FY15 Q1 -340.0%
FY15 Q2 -188.9%
FY15 Q3 -198.6%
FY15 Q4 -189.5%
FY16 Q1 -459.4%
FY16 Q2 -137.9%
FY16 Q3 -516.9%
FY16 Q4 -786.0%
FY25 Q4 -235.2%
FY26 Q1 -216.8%
FY26 Q2 -220.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-KT, 10-Q, 10-Q/A, 10-QT. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2020 Apr 2020 2021 Apr 2021 2022 Apr 2022 2023 Apr 2023 2024 Apr 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 0 0 0 0 0 0 0 0 0 5 6 5 18 41 72
Gross profit — 0 0 0 0 0 0 0 −0 0 1 1 −1 4 1 7
EBITDA — — −0 −0 −0 −0 −1 −1 −2 — — — −26 −18 −64 −104
Operating income −0 −0 −0 −0 −0 −0 −1 −1 −2 −2 — — −26 −19 −67 −107
Net income −0 −0 1 0 −7 −4 −3 1 −3 −2 −13 −12 −28 −24 −72 −97
Diluted EPS — — — $56.00 −$812.00 −$60.00 −$48.00 $0.01 −$24.00 −$0.12 −$0.56 — −$0.52 −$0.40 −$0.73 −$0.82
Growth (year on year)
Revenue — 0.0% −91.7% +>999% +397.2% +41.1% +242.8% −99.5% +>999% +284.2% +>999% +28.6% −28.1% +286.0% +128.3% —
Net income — — — −81.4% <−999% — — — −334.2% — — — — — — —
Diluted EPS — — — — <−999% — — — <−999% — — — — — — —
Margins
Gross margin — 100.0% — 100.0% 52.3% 16.2% 100.0% 70.0% −234.7% 19.4% 21.4% 14.4% −18.1% 20.6% 3.1% 9.7%
EBITDA margin — — <−999% −331.6% −889.4% −393.8% −707.1% <−999% <−999% — — — −563.2% −100.2% −158.0% −145.3%
Operating margin −926.0% <−999% <−999% −331.6% −938.4% −402.4% −713.2% <−999% <−999% −410.7% — — −570.0% −108.2% −163.5% −150.2%
Net margin −926.0% <−999% >999% >999% <−999% <−999% <−999% >999% <−999% −396.6% −264.7% −181.8% −608.3% −134.9% −177.0% −136.3%
Free-cash-flow margin — — — — −514.7% −189.5% −786.0% — <−999% — — −254.8% −684.9% −100.8% −235.2% −220.4%
Cash flow
Cash from operations −0 −0 −0 0 −0 −0 −2 −1 −1 −1 −1 −16 −29 −18 −89 −139
Capital spending — — — — 0 0 0 — 1 — — 0 2 0 7 19
Free cash flow — — — — −0 −0 −2 — −2 — — −16 −32 −18 −96 −158
Stock-based pay — — — 0 0 0 0 0 0 0 3 3 4 4 11 17
Free cash flow after stock pay — — — — −0 −0 −2 — −2 — — −20 −35 −22 −106 −174
Balance sheet
Cash — 0 0 0 — 0 0 1 0 — — — — — — —
Total debt 1 1 0 0 0 0 0 2 — 1 0 2 1 1 5 2
Net debt (negative = net cash) — 1 −0 −0 — 0 −0 1 −0 — — — — — — —
Diluted shares — — — — 3m 55m — 174m 164m 14m 24m — 54m 60m 99m 119m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 5 checks passed · June 30, 2026
What it owns · $527m
Short-term assets $425mLonger-term assets $102m
What it owes, and who funded it · $527m
Short-term liabilities $29mLonger-term liabilities $28mShareholders' equity $471m
  • Short-term assets cover short-term liabilities $425m of assets due within a year against $29m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $425m short-term assets against $28m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 2% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt −$139m of operating cash flow against $2m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Red Cat Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
46.2%
of revenue
Days sales outstanding
49 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated RCAT CVU PKE XTIA SPIR EH Median
Revenue, last 12 months $72m $74m $81m $82m $62m $58m $727m
Revenue growth, last 12 months 242.8% 2.6% 27.7% >999% −33.1% −8.3% 15.6%
Revenue growth, 3-year average 915.9% −5.4% 13.3% 79.1% −9.7% — 12.7%
Revenue growth, latest quarter 527.3% 15.8% 26.9% >999% −5.9% — 15.9%
Gross margin 9.7% 22.5% 32.7% 18.3% 37.7% 61.5% 27.4%
Operating margin −150.2% 8.2% 21.1% −50.0% −142.1% −75.8% 8.5%
Operating margin, 3-year average −428.6% 5.2% 17.2% −389.5% −92.2% −345.8% 5.8%
Net margin −136.3% 5.1% 18.4% −89.6% −145.2% −66.0% 5.5%
Cash from operations / revenue −194.4% −3.1% 16.5% −43.7% −105.7% −42.9% 5.1%
Free-cash-flow margin −220.4% −3.2% 14.2% −44.0% −159.7% −78.6% 3.3%
Free-cash-flow margin, 3-year average −312.0% 0.1% 10.0% −474.9% −88.5% −159.6% 3.0%
Stock pay / revenue 23.5% 0.9% 0.5% 23.9% 23.4% 58.9% 1.5%
Change in share count — 1.4% 4.5% 19.0% 28.6% >999% 3.9%

Median of all 58 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $37.9M 93.0% —
Services $2.9M 7.0% —

From Red Cat Holdings, Inc.'s 10-K filed March 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$890M
Institutions reporting
280
Shares held vs prior quarter
▲ 33.7%
Positions opened / closed
67 / 49

Top buyers and sellers, Q2 2026: 189 institutions bought and 95 sold ; the biggest buyer was Hood River Capital Management LLC (+7.5M shares) and the biggest seller Price T Rowe Associates Inc (−2.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
State Street Corp $129M 12.1M 14.5% ▲ 68.8%
Blackrock, Inc. $120M 11.2M 13.4% ▼ 3.8%
Hood River Capital Management LLC $113M 10.6M 12.7% ▲ 248.8%
Vanguard Capital Management LLC $62.4M 5.9M 7.0% ▲ 29.3%
Citadel Advisors LLC $36.7M 3.4M 4.1% ▲ 1970.9%
Geode Capital Management, LLC $33.4M 3.1M 3.8% ▲ 20.6%
Van Eck Associates Corp $27.2M 2.6M 3.1% New
Morgan Stanley $25.4M 2.4M 2.9% ▲ 32.3%
Mirae Asset Global Etfs Holdings Ltd. $16.9M 1.6M 1.9% ▲ 5.6%
UBS Group AG $15.6M 1.5M 1.8% ▼ 2.4%
Charles Schwab Investment Management Inc $11.2M 1.1M 1.3% ▲ 21.9%
Vanguard Portfolio Management LLC $11.1M 1.0M 1.2% ▲ 20.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Red Cat Holdings, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $7.9M 8 trades by 4 insiders · 59% under pre-set plans
Net ▼ $7.9M net selling
Insider Date Trade Shares Price Value
Thompson Jeffrey M Chairman of the Board, CEO October 15, 2026 Sell pre-set plan 150,000 $4.51 $676,500
Thompson Jeffrey M Chairman of the Board, CEO September 15, 2026 Sell pre-set plan 150,000 $7.74 $1.2M
Liuzza Nicholas Reyland Jr Director August 28, 2026 Sell 65,000 $8.50 $552,500
Thompson Jeffrey M Chairman of the Board, CEO August 17, 2026 Sell pre-set plan 150,000 $10.45 $1.6M
Liuzza Nicholas Reyland Jr Director August 11, 2026 Sell 55,000 $10.63 $584,650
Moe Christopher R. Director August 11, 2026 Sell 20,000 $10.51 $210,200
Thompson Jeffrey M Chairman of the Board, CEO July 15, 2026 Sell pre-set plan 150,000 $8.51 $1.3M
Funk Paul Ii Director June 11, 2026 Sell 165,028 $11.50 $1.9M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 23, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • March 18, 2026
  • January 13, 2026
  • March 18, 2024
  • September 21, 2023

Recent SEC filings

Data status

When each part of this page on Red Cat Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Red Cat Holdings, Inc. in brief

What does Red Cat Holdings, Inc. do?
Red Cat Holdings, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Red Cat Holdings, Inc.'s stock ticker?
Red Cat Holdings, Inc. trades under the ticker RCAT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Red Cat Holdings, Inc.'s free cash flow?
Red Cat Holdings, Inc.'s free-cash-flow margin is -220.4% of revenue over the trailing twelve months.
Who are Red Cat Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are State Street Corp, Blackrock, Inc. and Hood River Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Red Cat Holdings, Inc.'s market cap?
On November 2, 2026, Red Cat Holdings, Inc.'s market capitalisation was about $530M and net debt of $0. Market figures come from third-party market data and may be delayed.
How much debt does Red Cat Holdings, Inc. have?
Red Cat Holdings, Inc.'s debt-to-equity ratio is 0.4%, from its latest balance sheet (1.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Red Cat Holdings, Inc.'s competitors?
In our Aerospace & Defense peer group, the companies closest to Red Cat Holdings, Inc. are CPI Aerostructures Inc, Park Aerospace Corp, XTI Aerospace, Inc., Spire Global, Inc. and Ehang Holdings Ltd. The side-by-side comparison below sets their revenue, margins and growth against Red Cat Holdings, Inc.'s.
Are insiders buying or selling Red Cat Holdings, Inc. stock?
Over the last 12 months, Red Cat Holdings, Inc.'s directors and officers reported 0 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Red Cat Holdings, Inc.'s next earnings date?
Around November 16, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Red Cat Holdings, Inc. announces its own schedule.