A Business at a Glance
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Red Cat Holdings, Inc.
RCAT
$754M
Mkt Cap
$7.64
-4.86%
Red Cat Holdings, Inc. (RCAT) has a 5-year average return on invested capital (ROIC) of -67.0%. This is below average and may indicate limited pricing power.
Red Cat Holdings, Inc. (RCAT) has a market capitalization of $931M. It is classified as a small-cap stock.
Red Cat Holdings, Inc. (RCAT) does not currently pay a regular dividend.
Red Cat Holdings, Inc. (RCAT) operates in the Services-Prepackaged Software industry, within the Technology sector.
Red Cat Holdings, Inc. (RCAT) reported annual revenue of $41 million in its most recent fiscal year, based on SEC EDGAR filings.
Red Cat Holdings, Inc. (RCAT) has a net profit margin of -177.0%. The company is currently unprofitable.
Red Cat Holdings, Inc. (RCAT) generated $-96 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
The Company was originally incorporated under the laws of the State of Colorado in 1984 under the name Oravest International, Inc. In November 2016, we changed our name to TimefireVR, Inc. and re-incorporated in Nevada. In May 2019, the Company completed a share exchange agreement with Propware which resulted in the Propware shareholders acquiring an 83% ownership interest, and management control, of the Company. In connection with the share exchange agreement, we changed our name to Red Cat Holdings, Inc. (“Red Cat” or the “Company” or “we”) and our operating focus to the drone industry. Prior to the share exchange agreement, Propware was focused on the research and development of software solutions that could provide secure cloud-based analytics, storage and services for the drone industry. Following the share exchange agreement and its name change, Red Cat has completed a series of acquisitions and financings which have broadened the scope of its activities in the drone industry.
| Segment | 2023 | % of Total |
|---|---|---|
Corporate and Other | $10M | 50% |
Consumer | $5M | 27% |
Other Segments | $5M | 23% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 55M | 41M | 18M | - | 6.4M | - |
| Net Income | -76M | -72M | -24M | -28M | -12M | -13M |
| EPS | $-0.65 | $-0.73 | $-0.40 | - | - | $-0.28 |
| Free Cash Flow | -118M | -96M | -18M | -32M | -16M | -1.4M |
| ROIC | -23.4% | -48.6% | -45.7% | -41.6% | -27.4% | -171.7% |
| Gross Margin | 7.5% | 3.1% | 20.6% | - | 14.4% | - |
| Debt/Equity | 0.00 | 0.08 | 0.04 | 0.02 | 0.02 | 0.10 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | - | $0.00 | $0.00 |
| Operating Income | -81M | -67M | -19M | -26M | -12M | -12M |
| Operating Margin | -149.2% | -163.5% | -108.2% | - | -179.5% | - |
| ROE | -31.6% | -48.7% | -45.9% | -42.0% | -27.7% | -389.6% |
| Shares Outstanding | 122M | 99M | 60M | - | - | 47M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.4M | N/A | 18M | 41M | 55M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14.4% | N/A | 20.6% | 3.1% | 7.5% |
| R&D | N/A | N/A | N/A | 861K | 994K | N/A | 489K | 516K | 2.6M | 5.6M | 6.3M | 18M | 22M |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | 950K | 1.3M | 5.5M | 12M | 11M | 37M | 49M |
| EBIT | -28K | -395K | -239K | -1.5M | -1.1M | -2.1M | -1.7M | -12M | -12M | -26M | -19M | -67M | -81M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -179.5% | N/A | -108.2% | -163.5% | -149.2% |
| Net Income | 158K | -7.4M | -3.5M | -4.9M | 1.1M | -2.6M | -1.6M | -13M | -12M | -28M | -24M | -72M | -76M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -181.8% | N/A | -134.9% | -177.0% | -138.4% |
| Non-Recurring | 139K | 7.0M | 3.2M | 180K | 0 | 63K | 0 | 0 | 0 | 2.8M | 11M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -9.3% | -20.3% | -159.1% | -196.7% | -115.0% | N/M | -70.4% | -171.7% | -27.4% | -41.6% | -45.7% | -48.6% | -23.4% |
| ROE | 79.1% | -581.8% | N/A | 237.2% | -31.2% | 90.1% | -238.8% | -389.6% | -27.7% | -42.0% | -45.9% | -48.7% | -31.6% |
| ROA | 60.1% | -782.7% | -416.7% | -1369.1% | 169.3% | -522.1% | -93.9% | -182.5% | -24.2% | -38.5% | -41.3% | -43.8% | -26.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 105K | -217K | -113K | -1.6M | 1.4M | -944K | -812K | -1.4M | -16M | -29M | -18M | -89M | -105M |
| Free Cash Flow | 105K | -217K | -113K | -1.6M | 1.4M | -1.9M | -812K | -1.4M | -16M | -32M | -18M | -96M | -118M |
| Owner Earnings | 101K | -361K | -120K | -1.7M | 1.3M | -1.2M | -1.1M | -4.8M | -20M | -33M | -23M | -102M | -120M |
| CapEx | 0 | 0 | 0 | 9K | 0 | 974K | 0 | 0 | 364K | 2.5M | 259K | 6.6M | 13M |
| Maint. CapEx | 4K | 25K | 7K | 24K | 37K | 155K | 0 | 37K | 265K | 343K | 1.4M | 2.3M | 1.4M |
| Growth CapEx | N/A | N/A | N/A | 0 | N/A | 820K | N/A | N/A | 99K | 2.1M | 0 | 4.4M | 12M |
| D&A | 4K | 25K | 7K | 24K | 37K | 155K | 0 | 37K | 265K | 343K | 1.4M | 2.3M | 1.4M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 0 | 120K | 0 | 97K | 129K | 129K | 270K | 3.4M | 3.3M | 3.7M | 3.6M | 11M | 14M |
| Debt Repayment | 30K | 0 | 0 | 0 | 0 | 0 | 0 | 511K | 930K | 607K | 572K | 567K | 567K |
| Balance Sheet | |||||||||||||
| Net Debt | 6K | 269K | 361K | -200K | 2.6M | 2.1M | 332K | 261K | -2.2M | -1.8M | -7.2M | -149M | 37M |
| Cash & Equiv. | 7K | 0 | 3K | 225K | 559K | 6K | 237K | 277K | 4.1M | 3.2M | 9.2M | 168M | -36M |
| Long-Term Debt | 0 | 135K | 254K | 25K | 1.5M | 2.0M | 450K | N/A | 974K | 402K | N/A | 350K | 350K |
| Debt/Equity | 0.05 | 0.21 | -1.50 | -0.01 | -0.93 | -0.82 | 0.37 | 0.10 | 0.02 | 0.02 | 0.04 | 0.08 | 0.00 |
| Interest Coverage | N/A | -90.7 | -2.3 | -139.7 | -2.9 | -4.2 | -56.8 | -9.8 | -78.1 | -216.2 | -281.3 | N/A | N/A |
| Equity | 279K | 1.3M | -243K | -3.9M | -3.4M | -2.5M | 1.5M | 5.3M | 79M | 55M | 50M | 246M | 239M |
| Total Assets | 307K | 1.6M | 129K | 583K | 750K | 262K | 2.8M | 12M | 85M | 61M | 56M | 274M | 282M |
| Total Liabilities | 28K | 309K | 372K | 4.5M | 4.1M | 2.8M | 1.3M | 6.4M | 7.2M | 6.0M | 5.5M | 28M | 43M |
| Intangibles | 0 | 1.1M | 100K | N/A | N/A | N/A | 20K | 2.0M | 2.7M | 6.9M | 8.5M | 6.9M | 12M |
| Retained Earnings | -14M | -21M | -25M | -3.9M | -2.7M | -5.4M | -2.6M | -16M | -27M | -57M | -125M | -197M | -223M |
| Working Capital | 114K | -307K | -305K | 465K | -1.7M | -2.5M | -511K | -3.0M | 50M | 28M | 22M | 212M | 191M |
| Current Assets | 142K | 2K | 7K | 500K | 691K | 171K | 318K | 1.6M | 56M | 32M | 26M | 227M | 210M |
| Current Liabilities | 28K | 309K | 313K | 34K | 2.4M | 2.7M | 829K | 4.7M | 5.4M | 4.1M | 4.2M | 15M | 19M |
| Per Share Data | |||||||||||||
| EPS | 2.04 | -0.47 | -0.22 | -2.80 | 0.09 | -0.14 | -0.06 | -0.28 | N/A | N/A | -0.40 | -0.73 | -0.65 |
| Owner EPS | 1.30 | -0.02 | -0.01 | -0.98 | 0.11 | -0.06 | -0.04 | -0.10 | N/A | N/A | -0.38 | -1.03 | -0.99 |
| Book Value | 3.60 | 0.08 | -0.01 | -2.22 | -0.28 | -0.13 | 0.06 | 0.11 | N/A | N/A | 0.83 | 2.49 | 1.96 |
| Cash Flow/Share | 1.35 | -0.01 | -0.01 | -0.91 | 0.12 | -0.05 | -0.03 | -0.03 | N/A | N/A | -0.29 | -0.90 | -0.61 |
| Dividends/Share | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | N/A | 0.00 | 0.00 | 0.00 |
| Shares Out. | 0.1M | 15.5M | 16.2M | 1.7M | 12.1M | 18.9M | 26.7M | 47.3M | N/A | N/A | 60.1M | 98.7M | 121.8M |
| Valuation | |||||||||||||
| P/E Ratio | 4.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -11.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 48.9 | 4.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8 | N/A | N/A | 3.9 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 17.1 |
| FCF Yield | 0.8% | -3.7% | -23.8% | N/A | N/A | N/A | N/A | N/A | N/A | -71.7% | N/A | N/A | -12.7% |
| Market Cap | 14M | 5.9M | 473K | 0 | 0 | 0 | 0 | 0 | 0 | 44M | 0 | 0 | 931M |
| Avg. Price | 8,328.57 | 6,910.28 | 972.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 7.64 |
| Year-End Price | 7,200.00 | 2,760.00 | 240.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.81 | 0.00 | 0.00 | 7.64 |
Red Cat Holdings, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 12.7%.
Red Cat Holdings, Inc. (RCAT) has a debt-to-equity ratio of 0.08. This indicates a conservatively financed balance sheet.
Red Cat Holdings, Inc. (RCAT) reported earnings per share (EPS) of $-0.73 in its most recent fiscal year.
Red Cat Holdings, Inc. (RCAT) has a return on equity (ROE) of -48.7%. A negative ROE may indicate losses or negative equity.
Red Cat Holdings, Inc. (RCAT) has a 5-year average gross margin of 12.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for Red Cat Holdings, Inc. (RCAT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Red Cat Holdings, Inc. (RCAT) has a book value per share of $2.49, based on its most recent annual SEC filing.
No recent press releases.