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Companies / Technology / Red Cat Holdings, Inc.
RCAT

Red Cat Holdings, Inc.

TechnologyPrepackaged Software
Ticker RCATSOUTH SALT LAKE, UTFiscal year ends DecemberBook value per share $3.65Diluted shares 128.9M

Red Cat Holdings, Inc. (NASDAQ: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense, national security, and commercial applications. The company develops American-made hardware and software that supports military, government, and public safety operations across air, land, and… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$40.73M
+128.3% year over year
Last 12 mo $71.54M
-163.51%
−42.8 percentage points
Last 12 mo -150.15%
$-72.08M
−434.8% year over year
Last 12 mo $-97.48M
-29.32%
+25.9 percentage points
Last 12 mo -20.69%
Cash & financing
$-89.13M
−404.0% year over year
Last 12 mo $-139.08M
$-95.78M
−433.7% year over year
Last 12 mo $-157.70M
0.02
Was 0.02× a year earlier
Last 12 mo 0.00
99.0M
Last 12 mo 128.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Red Cat Holdings, Inc. does

In the company’s own words

Red Cat Holdings, Inc. (NASDAQ: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense, national security, and commercial applications. The company develops American-made hardware and software that supports military, government, and public safety operations across air, land, and sea domains. Red Cat's website is located at www.redcat.red.

The company operates through multiple divisions delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness. Teal Drones designs and manufactures small tactical unmanned aircraft systems for defense and public safety customers, including the Black Widow platform selected as a winner of the U.S. Army's Short Range Reconnaissance Program of Record, the Teal 2 drone certified by the Department of Defense, and the FANG FPV system. FlightWave develops long-endurance vertical takeoff and landing fixed-wing unmanned aircraft systems designed for extended-range intelligence, surveillance, and reconnaissance missions, producing the Edge 130 platform. Blue Ops, launched in August 2025, focuses on developing uncrewed surface vessel weapons systems for modern battlefield applications. The company also operates Propware, Skypersonic, and UAVPatent Corp divisions.

Red Cat achieved AS9100 certification from NSF International Strategic Registrations in July 2025, confirming compliance with globally recognized aerospace and defense quality management standards. The company maintains an intellectual property portfolio consolidated within UAVPatent Corp, which holds 34 issued patents and registered designs along with 13 pending patents, plus trademarks for the Teal, FlightWave, Skypersonic, and Red Cat brands.

As of December 31, 2025, Red Cat employed 244 full-time employees. The company pursues strategic partnerships to expand market reach and complementary capabilities, including collaborations with AeroVironment on FANG deployment integration and with Palantir Technologies on visual navigation software testing. Red Cat's strategy emphasizes providing proven technology modified and integrated to address market opportunities identified jointly with customers and partners, enabling rapid development while reducing technical, schedule, and financial risk.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
SOUTH SALT LAKE, UT
Fiscal year end
December
CIK
748268
SIC
7372

Financial performance, year by year

Fiscal 2013–2025 · USD
$-114.39M$-63.68M$-12.97M$37.74M$88.44M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Red Cat Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

149
funds hold it
0 of 35
superinvestors hold it
$459.57M
held by funds, at market
26.8%
of shares held by funds

Largest fund holders · Red Cat Holdings, Inc.’s weight in each

1.33%of fund net assets
Hood River Small-Cap Growth Fund
HRSMX · Manager Directed Portfolios
0.82%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.95%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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