MARKETS / NASDAQ / RCAT
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · SMALL CAP

Red Cat Holdings, Inc. RCAT

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$40.7M
EPS · FY25
$-0.73
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-29.3%
Net margin · FY25
-177.0%
Dividend coverage
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Result
USD 40.7M
Revenue, FY2025 · full 15-year series below
Revenue Net income
0.020.040.060.0-0.1201020132016201920222025
0.020.040.060.0-0.12016201920222025

The company lost 177 cents on every revenue dollar this year.

Per share
USD -0.73
Diluted EPS, FY2025
EPS
0.40.81.2-0.73201020132016201920222025
0.40.81.2-0.732016201920222025

The company pays no cash dividend.

Profitability
-29.3%
Return on equity, FY2025
ROE
20406080-29.3%201020132016201920222025
20406080-29.3%2016201920222025
Operating margin-163.5%
Net margin-177.0%
Return on assets-26.3%

Each USD of equity lost 29 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+52.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+106.6%
+52.1%
+92.1%
+77.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.12B
Shares outstanding, FY2025
0.140.12201020132016201920222025
0.040.122016201920222025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 273.7M
total assets, end of FY2025
Total assetsUSD 273.7M
EquityUSD 245.8M
Gross debtUSD 350,000.00
Current ratio15.29×

Equity funds 90% of total assets.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
−0.1
−0.0
−0.0
·
·
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−0.1
−0.0
−0.0
·
·
·
−0.0
·
·
−0.0
−0.0
−0.0
·
·
·
Income tax $B
0.0
0.0
·
·
·
·
·
·
·
0.0
0.0
0.0
0.0
·
·
Net income $B
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
0.0
0.0
−0.0
−0.0
EPS, diluted $
−0.73
−0.40
·
·
−0.56
−0.12
0.14
0.04
−0.12
−0.15
−2.03
0.14
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−29.3
−48.9
−42.0
−27.7
−389.6
−238.8
·
·
·
−693.9
−953.1
79.1
·
·
·
Shares out B
0.12
0.07
0.05
0.05
0.03
0.02
0.00
0.05
0.04
0.02
0.00
0.00
0.17
0.14
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
51 of 51
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed