Red Cat Holdings, Inc. (RCAT) Financial Statements (2026 and earlier)

Company Profile

Business Address 2800 S WEST TEMPLE
SOUTH SALT LAKE, UT 84115
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2025
4/30/2024
4/30/2023
4/30/2022
4/30/2021
4/30/2020
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,0673,2604,0852772376
Cash and cash equivalent6,0673,2604,0852772376
Receivables4,361781913322 1
Inventory, net of allowances, customer advances and progress billings8,00711,9873,89636279 
Inventory8,00711,9873,89636279 
Prepaid expense  760262   
Other current assets 3,9623,3332,3556793 
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss✕ 152  ✕✕
Other undisclosed current assets 11,90244,143  164
Total current assets:22,39832,17555,6531,640318171
Noncurrent Assets
Operating lease, right-of-use asset1,4817051,019  ✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,3412,650512  92
Long-term investments and receivables 9,143     
Long-term investments 5,143     
Accounts and financing receivable, after allowance for credit loss 4,000     
Intangible asset, including goodwill, after accumulated amortization, including:12,88324,35627,83710,0502,486 
Goodwill9,08917,01325,1398,0172,466 
Intangible asset, excluding goodwill, after accumulated amortization3,7947,3432,6992,03220 
Other undisclosed intangible asset, including goodwill, after accumulated amortization      
Other noncurrent assets2933075744 
Other undisclosed noncurrent assets      
Total noncurrent assets:26,14028,01829,42510,0532,49092
TOTAL ASSETS:48,53860,19385,07911,6932,808262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6502,5182,103542249139
Accounts payable1,5801,9991,019   
Accrued liabilities1,0705191,08461489495
Other undisclosed accounts payable and accrued liabilities    (72)160(356)
Deferred revenue544014384638✕
Debt75292295726911975
Derivative instruments and hedges, liabilities  5881,6072,813  
Due to related parties✕✕ 4039033415
Other undisclosed current liabilities196331294614892,462
Total current liabilities:3,6514,7615,4394,6748292,690
Noncurrent Liabilities
Long-term debt and lease obligation  4021,724 4501,983
Long-term debt, excluding current maturities  402974 4501,983
Liabilities, other than long-term debt1,322421 1,753  
Deferred income tax liabilities     ✕
Due to related parties✕✕  1,753  
Operating lease, liability1,322421750  ✕
Other undisclosed noncurrent liabilities   (750)  (1,904)
Total noncurrent liabilities:1,3228231,7241,75345079
Total liabilities:4,9735,5837,1636,4271,2792,770
Equity
Equity, attributable to parent, including:43,56554,61077,9165,2661,529(2,507)
Preferred stock    21391
Common stock7455542920235
Additional paid in capital124,616109,993106,82121,0264,0442,639
Accumulated other comprehensive income (loss) 5(861)(1,470)   
Accumulated deficit(81,131)(54,587)(27,499)(15,810)(2,574)(5,384)
Other undisclosed equity, attributable to parent 01010  1
Total equity:43,56554,61077,9165,2661,529(2,507)
TOTAL LIABILITIES AND EQUITY:48,53860,19385,07911,6932,808262

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2025
4/30/2024
4/30/2023
4/30/2022
4/30/2021
4/30/2020
12/31/2018
Revenues17,8369,9126,4295,000404105
Cost of revenue
(Cost of Product and Service Sold)		(14,156)(10,249)(5,503)(3,930)(325) 
Other undisclosed gross profit      (352)
Gross profit:3,681(337)9261,07079(247)
Operating expenses(21,557)(26,790)(13,928)(5,946)(1,738)(1,834)
Other undisclosed operating loss (3,650)     
Operating loss:(21,527)(27,127)(13,002)(4,877)(1,659)(2,081)
Nonoperating income (expense) 391,313(8,360)57(1,233)
Other nonoperating income (expense) 391,313(8,360)57(1,233)
Interest and debt expense(69)(122)(148)(1,224) (500)
Loss from continuing operations before equity method investments, income taxes:(21,595)(27,210)(11,837)(14,460)(1,602)(3,814)
Other undisclosed loss from continuing operations before income taxes      
Loss from continuing operations before income taxes:(21,595)(27,210)(11,837)(14,460)(1,602)(3,814)
Income tax expense      
Loss from continuing operations:(21,595)(27,210)(11,837)(14,460)(1,602)(3,814)
Loss before gain (loss) on sale of properties:✕✕✕(11,837)(14,460)(1,602)(3,814)
Loss from discontinued operations (2,526)     
Net loss:(24,121)(27,210)(11,837)(14,460)(1,602)(3,814)
Other undisclosed net income attributable to parent 691221481,224 1,170
Net loss available to common stockholders, diluted:(24,053)(27,088)(11,689)(13,236)(1,602)(2,643)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2025
4/30/2024
4/30/2023
4/30/2022
4/30/2021
4/30/2020
12/31/2018
Net loss:(24,121)(27,210)(11,837)(14,460)(1,602)(3,814)
Comprehensive loss, net of tax, attributable to parent:(24,121)(27,210)(11,837)(14,460)(1,602)(3,814)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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