Red Cat Holdings, Inc. RCAT

What this company does

Red Cat Holdings, Inc. is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense, national security, and commercial applications. The company develops American-made hardware and software that supports military, government, and public safety operations across air, land, and sea. Its family of systems delivers tactical capabilities in small, unmanned aircraft systems (sUAS) and uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness. The company was originally incorporated under the laws of the State of Colorado in 1984 under the name Oravest International, Inc., changed its name to TimefireVR, Inc. in November 2016 and re-incorporated in Nevada, and following a May 2019 share exchange agreement with Propware changed its name to Red Cat Holdings, Inc. The company operates as one operating segment, evaluated by its Chief Operating Decision Maker (its Chief Executive Officer) on a consolidated net income (loss) basis. As of December 31, 2025, the Company had 244 full-time employees. During the year ended December 31, 2025, the company incurred research and development costs of $16.7 million, excluding $1.2 million of stock-based compensation.

Written from the business description in Red Cat Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.