SequelSEC

Red Cat Holdings, Inc. RCAT

Services-Prepackaged Software · CIK 0000748268 · Fiscal year ends 1231

Revenue
$71.54M
Fiscal year ended 2026-06-30
Operating income
-$107.42M
Fiscal year ended 2026-06-30
Free cash flow
Unavailable
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$620.72MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$5.12Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue15.2×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity2.5×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Services-Prepackaged Software filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Current ratio15.29x99th
Gross margin3.1%4th
Operating margin-163.5%14th
Net margin-177.0%16th
R&D / revenue43.9%82th

Red Cat Holdings, Inc. (RCAT) reported revenue of $71.54M and net income of -$97.48M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Red Cat Holdings, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.

Income

Red Cat Holdings, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Revenue$71.54M
Cost of revenue$64.57M
Gross profit$6.97M
Operating income-$107.42M
Net income-$97.48M
Research & development$33.05M
Weighted-average diluted sharesUnavailable
Pretax income-$97.01M
Income tax expense$471.00K
Diluted EPSUnavailable
Selling, general & administrative$81.34M
General & administrative$63.72M
Selling & marketing$17.62M

Balance

Red Cat Holdings, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Cash & equivalentsUnavailable
Total assets$527.49M
Current assets$425.11M
Total liabilities$56.31M
Current liabilities$28.61M
Total equity incl. NCI$471.18M
Temporary (mezzanine) equityUnavailable
Inventory$73.39M
Accounts receivable$9.54M
Goodwill$45.26M
Long-term debt$892.00K
Accounts payable$12.78M

Cash flow

Red Cat Holdings, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Operating cash flowUnavailable
Capital expendituresUnavailable
Investing cash flowUnavailable
Financing cash flowUnavailable
Net change in cashUnavailable
Stock-based compensationUnavailable
Common dividends paidUnavailable
Common share repurchasesUnavailable
Depreciation & amortizationUnavailable

Derived

Red Cat Holdings, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Free cash flowUnavailable
Gross margin9.7%
Operating margin-150.2%
FCF marginUnavailable
SBC / revenueUnavailable
Current ratio14.86x
Revenue YoY growthUnavailable
Net margin-136.3%
R&D / revenue46.2%
CapEx / revenueUnavailable
Long-term debt / equity0.00x
Effective tax rateUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open RCAT in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-19View SEC filing
10-Q · Filed 2025-11-13View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-14View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.