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Red Cat Holdings, Inc.

RCAT

$3.40 ▼ -0.60 (-15.00%) at close

11 Visible periods

32 Metrics

Absolute Benchmarks

Price Chart

Health

Weak

Moderately Bearish Absolute basis

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Analytical Summary

On an absolute basis, Red Cat Holdings, Inc. shows mixed fundamentals. Debt to Equity and FCF / Net Income remain bright spots. These readings use fixed quality thresholds rather than peer benchmarks, because too few comparable companies are available to rank against.

Market Cap —

Dividend Yield —

Revenue Growth 28.6% ↗

Op. Margin None

ROIC None

FCF / Share None

Trailing P/E —

Price / Book 2.4x

FCF Yield —

Debt / Equity 0.02

info Valuation on last close. End-of-day price, Nov 5, 2026.

11-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$6.43M

↑ +28.6% —

Net Income Profit after all expenses

$-11.69M

↑ +11.7% —

Operating Margin Operating profit as % of sales

-163.5%

↑ +59.4% —

FCF / Share Free cash flow per share

$-0.00

↑ +83.5% —

Long-Term Debt Long-term obligations

$973.71K

— —

info Signals below are graded against fixed quality thresholds, not peers — peer ranking needs more comparable companies.

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Bullish Indicators

Debt to EquityDebt to Equity of 0.02x is excellent on an absolute basis (target < 0.6x)
FCF / Net IncomeFCF / Net Income of 1.37x is good on an absolute basis (target > 1x)

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) of -15.0% is weak on an absolute basis (target > 15%)
Profit Margin (%)Profit Margin (%) of -181.8% is weak on an absolute basis (target > 15%)
FCF Margin (%)FCF Margin (%) of -249.2% is weak on an absolute basis (target > 10%)

Health Breakdown

Profitability ↓

Returns ↑

Financial Health

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2027 Apr 30, 2022 10-K ↗	FY 2026 Apr 30, 2021 10-K ↗	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2018 10-K ↗	FY 2023 Dec 31, 2017 10-K ↗	FY 2022 Dec 31, 2015 10-K ↗	FY 2021 Dec 31, 2014 10-K ↗	FY 2020 Dec 31, 2013 10-K ↗	FY 2019 Dec 31, 2012 10-K ↗	FY 2018 Dec 31, 2011 10-K ↗	FY 2017 Dec 31, 2010 10-K ↗
Revenue Growth YoY (%)	28.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+138%)	-87.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-831%)	38641.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+321916%)	11167.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+92965%)	-98.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-920%)	41.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+243%)	397.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3210%)	1237.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+10213%)	—	—	—
EPS Growth YoY (%)	—	—	-3550.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	97.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	2233.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	11.7% Fair ↑ Fair Improving Year-over-year change in net income	81.6% Excellent Excellent Year-over-year change in net income	-2626.7% Weak Weak Year-over-year change in net income	N/M	N/M	51.8% Excellent Excellent Year-over-year change in net income	N/M	-82.9% Weak Weak Year-over-year change in net income	N/M	-20.4% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	—	—	—	83.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-466.6% Weak Weak Year-over-year change in free cash flow	97.1% Excellent Excellent Year-over-year change in free cash flow	N/M	—	—	—	—
Revenue CAGR 3Y (%)	294.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	1649.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	781.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	35.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	-52.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	354.4% Excellent Excellent Compound annual revenue growth over 3 years	—	3.7% Caution Caution Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	155.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	160.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	445.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	178.0% Excellent Excellent Compound annual revenue growth over 5 years	—	50.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	-47.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2027 Apr 30, 2022 10-K ↗	FY 2026 Apr 30, 2021 10-K ↗	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2018 10-K ↗	FY 2023 Dec 31, 2017 10-K ↗	FY 2022 Dec 31, 2015 10-K ↗	FY 2021 Dec 31, 2014 10-K ↗	FY 2020 Dec 31, 2013 10-K ↗	FY 2019 Dec 31, 2012 10-K ↗	FY 2018 Dec 31, 2011 10-K ↗	FY 2017 Dec 31, 2010 10-K ↗
Operating Margin (%) (%)	—	—	-163.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-918%)	—	—	-402.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2112%)	—	-331.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1758%)	—	—	—
Effective Tax Rate (%) (%)	—	—	-0.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	-181.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1312%)	-264.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1865%)	-177.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1280%)	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	-249.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-28.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	-189.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—
FCF / Net Income (x)	1.37x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	—	0.36x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.03x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.03x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.34x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.70x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.58x Weak Weak Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2027 Apr 30, 2022 10-K ↗	FY 2026 Apr 30, 2021 10-K ↗	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2018 10-K ↗	FY 2023 Dec 31, 2017 10-K ↗	FY 2022 Dec 31, 2015 10-K ↗	FY 2021 Dec 31, 2014 10-K ↗	FY 2020 Dec 31, 2013 10-K ↗	FY 2019 Dec 31, 2012 10-K ↗	FY 2018 Dec 31, 2011 10-K ↗	FY 2017 Dec 31, 2010 10-K ↗
Return on Invested Capital (%)	—	—	-27.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	65.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	63.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	102.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-24.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-7.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-85.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	5.7% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%
Return on Capital (%) (%)	—	—	-24.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-792.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-358.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-185.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-25.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-9.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-59.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-229.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	-81.4% Weak Weak Operating profit relative to total assets Optimal: > 10%
Return on Common Equity (%) (%)	-15.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-181%)	-251.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1459%)	-29.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-258%)	105.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+470%)	-33.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-282%)	—	—	56.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+206%)	—	8.1% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-56%)	7.2% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-61%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2027 Apr 30, 2022 10-K ↗	FY 2026 Apr 30, 2021 10-K ↗	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2018 10-K ↗	FY 2023 Dec 31, 2017 10-K ↗	FY 2022 Dec 31, 2015 10-K ↗	FY 2021 Dec 31, 2014 10-K ↗	FY 2020 Dec 31, 2013 10-K ↗	FY 2019 Dec 31, 2012 10-K ↗	FY 2018 Dec 31, 2011 10-K ↗	FY 2017 Dec 31, 2010 10-K ↗
Debt to Equity (x)	0.02x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-94%)	0.05x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-89%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	-0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-104%)	—	—	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—
Interest Coverage (x)	—	—	—	-4.16x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-7.15x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2.28x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-90.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	—	-13.72x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.20x Weak Weak Operating income divided by interest expense Optimal: > 5x	-1.92x Weak Weak Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$1.93M	$269.05K	$350.00K	$-5.79K	$-501.84K	—	—	—	$-94.64K	$0.00	—
Debt / EBITDA (x)	—	—	-0.01x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-0.02x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2027 Apr 30, 2022 10-K ↗	FY 2026 Apr 30, 2021 10-K ↗	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2018 10-K ↗	FY 2023 Dec 31, 2017 10-K ↗	FY 2022 Dec 31, 2015 10-K ↗	FY 2021 Dec 31, 2014 10-K ↗	FY 2020 Dec 31, 2013 10-K ↗	FY 2019 Dec 31, 2012 10-K ↗	FY 2018 Dec 31, 2011 10-K ↗	FY 2017 Dec 31, 2010 10-K ↗
Revenue per Share (USD)	—	—	$0.41	$0.00	$0.00	$0.00	$0.03	$0.01	—	—	—
Basic EPS, GAAP (USD)	—	—	$-0.73	$-0.02	$0.02	$-0.16	$-6.03	$0.14	$0.01	—	$-0.00
Free Cash Flow per Share (USD)	—	—	—	$-0.00	$-0.03	$-0.01	$-0.18	$0.09	—	—	—
Book Value per Share (USD)	$1.45	$0.18	$2.05	$-0.01	$-0.07	$-0.01	$0.84	$0.25	$0.00	$-0.01	—
Tangible Book Value per Share (USD)	$0.93	$-0.16	$1.84	$-0.01	$-0.07	$-0.01	$-0.05	$0.25	$0.00	$-0.01	—
Basic Weighted Avg Shares (shares)	—	—	98.96M	196.80M	46.42M	21.90M	1.22M	1.11M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2027 Apr 30, 2022 10-K ↗	FY 2026 Apr 30, 2021 10-K ↗	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2018 10-K ↗	FY 2023 Dec 31, 2017 10-K ↗	FY 2022 Dec 31, 2015 10-K ↗	FY 2021 Dec 31, 2014 10-K ↗	FY 2020 Dec 31, 2013 10-K ↗	FY 2019 Dec 31, 2012 10-K ↗	FY 2018 Dec 31, 2011 10-K ↗	FY 2017 Dec 31, 2010 10-K ↗
Working Capital (USD)	$50.21M	$-3.03M	$212.09M	$-2.52M	$-1.72M	$-305.48K	$-307.03K	$114.34K	$-4.05K	$-1.07M	$-1.02M
LT Debt (USD)	$973.71K	—	—	—	—	—	—	—	$0.00	$0.00	—
Total Equity (USD)	$77.92M	$5.27M	$245.83M	$-2.51M	$-3.36M	$-183.71K	$1.27M	$279.34K	$120.95K	$-1.05M	$-970.75K

📋 What is driving earnings? 4 metrics

Metric	FY 2027 Apr 30, 2022 10-K ↗	FY 2026 Apr 30, 2021 10-K ↗	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2018 10-K ↗	FY 2023 Dec 31, 2017 10-K ↗	FY 2022 Dec 31, 2015 10-K ↗	FY 2021 Dec 31, 2014 10-K ↗	FY 2020 Dec 31, 2013 10-K ↗	FY 2019 Dec 31, 2012 10-K ↗	FY 2018 Dec 31, 2011 10-K ↗	FY 2017 Dec 31, 2010 10-K ↗
Sales/Revenue/Turnover (USD)	$6.43M	$5.00M	$40.73M	$105.13K	$933.00	$59.40K	$42.09K	$8.47K	$633.00	—	$7.60K
Depreciation Expense (USD)	$40.16K	—	$2.27M	$154.71K	—	$5.11K	$20.60K	$0.00	—	—	—
Net Income, GAAP (USD)	$-11.69M	$-13.24M	$-72.08M	$-2.64M	$1.13M	$-3.55M	$-7.36M	$158.39K	$924.21K	$-84.74K	$-70.38K
Operating Cash Flow (USD)	$-16.02M	$-1.40M	—	$-943.64K	$-1.35M	$-112.54K	$-216.67K	$105.04K	$-314.41K	$-59.52K	$-40.86K

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 11 years · 38 quarters

Red Cat Holdings, Inc.

Analytical Summary

11-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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