Red Cat Holdings, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY April 30, 2024 | FY April 30, 2023 | FY April 30, 2022 |
|---|---|---|---|---|---|
| Revenue | $40.7M | — | $17.8M | $4.6M | $6.4M |
| Gross profit | $1.3M | — | $3.7M | -$834,311 | $925,515 |
| Operating income | -$66.6M | — | -$19.3M | -$26.4M | — |
| Operating expenses | $67.9M | — | $23.0M | $24.5M | $13.9M |
| Cost of revenue | $39.5M | — | $14.2M | $5.5M | $5.5M |
| Cash from operations | -$89.1M | — | -$17.7M | -$29.2M | -$16.0M |
| Capital expenditure | $6.6M | — | $259,000 | $2.5M | $363,689 |
| Free cash flow | -$95.8M | — | -$18.0M | -$31.6M | -$16.4M |
| Impairments | — | — | $11.4M | — | — |
| Total assets | $273.7M | $55.6M | $48.5M | $60.7M | $85.1M |
| Total liabilities | $27.8M | $5.5M | — | — | — |
| Total debt | — | — | $370,537 | $895,709 | — |
Shares outstanding 122.7M · Free float 87.4%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.