Earnings summaries and quarterly performance for Red Cat Holdings.
Executive leadership at Red Cat Holdings.
Board of directors at Red Cat Holdings.
Research analysts who have asked questions during Red Cat Holdings earnings calls.
Glenn Mattson
Ladenburg Thalmann & Co. Inc.
5 questions for RCAT
Also covers: BLNE, CRLBF, JUSHF +8 more
Ashok Kumar
ThinkEquity
3 questions for RCAT
Also covers: DRIO, POLA
Mike Latimore
Northland Capital Markets
3 questions for RCAT
Also covers: AI, AXON, CTLP +22 more
Carlo Corzine
Dawson James Securities, Inc.
2 questions for RCAT
Kevin Mac
Creek Drive Capital
1 question for RCAT
Tim White
Alpha Wolf Trading
1 question for RCAT
Recent press releases and 8-K filings for RCAT.
Red Cat Holdings Announces Leadership Transitions
RCAT
Management Change
CFO Change
Executive Compensation
- Christian Ericson, previously Chief Financial Officer (CFO), has been promoted to Chief Operating Officer (COO) of Red Cat Holdings, Inc., effective December 2, 2025.
- In his new role, Mr. Ericson's annual base salary increased from $230,000 to $260,000, and he received a one-time equity award of 25,000 time-based restricted stock units.
- Christian Morrison has been appointed as the new Chief Financial Officer (CFO) for Red Cat Holdings, Inc., effective December 2, 2025.
- Mr. Morrison's annual salary will be $230,000, and he received a one-time equity award of 30,150 restricted shares of common stock.
5 days ago
Red Cat Holdings Reports Record Q3 2025 Revenue and Updates Full-Year Guidance
RCAT
Earnings
Guidance Update
Product Launch
- Red Cat Holdings achieved record Q3 2025 revenues of $9.6 million, representing a 200% increase from Q2 2025, and reported $638,000 in gross profit. The company ended the quarter with $212.5 million in cash and receivables.
- The Limited-Rate Initial Production (LRIP) contract for the Black Widow system expanded to $35.1 million, with total 2025 contracts for the U.S. Army alone approaching $40 million.
- Red Cat launched Blue Ops, a new maritime division focused on uncrewed surface vessels (USVs), establishing manufacturing facilities in Georgia capable of building 500-1,000 vessels per year, with potential pricing from $750,000-$1.5 million per unit.
- Due to unanticipated delays, including a six-to-seven-week shift in revenue recognition and a government shutdown, Red Cat lowered its full-year 2025 revenue guidance to between $34.5 million and $37.5 million, with Q4 revenues expected to be between $20 million and $22 million.
Nov 13, 2025, 9:30 PM
RCAT Reports Record Q3 2025 Revenue, Updates Full-Year Guidance, and Launches New Maritime Division
RCAT
Earnings
Guidance Update
New Projects/Investments
- Red Cat reported record-breaking Q3 2025 revenues of $9.6 million, representing a 200% increase from Q2 2025, primarily driven by increasing product revenue from U.S. Army drone deliveries. The company ended the quarter with $212.5 million in cash and receivables.
- The full-year 2025 revenue guidance was lowered to between $34.5 million and $37.5 million, with Q4 2025 revenues expected to be between $20 million and $22 million. This adjustment is primarily due to a six-to-seven-week delay in revenue recognition and the decision to forgo an expected $25 million from FlightWave in 2025.
- The Limited-Rate Initial Production contract for the Black Widow system expanded to $35.1 million, with total U.S. Army contracts for 2025 approaching $40 million. Additionally, the FANG FPV drone was added to the Blue UAS cleared list, and the Black Widow system was approved for the NATO NSPA Catalog.
- Red Cat launched Blue Ops, a new maritime division focused on uncrewed surface vessels (USVs), establishing a 155,000 sq ft manufacturing facility in Georgia capable of building 500-1,000 vessels per year. First USV deliveries are expected in Q2 2026, with potential pricing from $750,000 to $1.5 million per unit.
- The company expects gross profit margins to increase to around 10% in Q4 2025, targeting 20% by the end of 2026 and 30-35% long-term.
Nov 13, 2025, 9:30 PM
Red Cat Reports Record Q3 2025 Revenue and Updates Full-Year Guidance
RCAT
Earnings
Guidance Update
New Projects/Investments
- Red Cat reported record-breaking Q3 2025 revenues of $9.6 million, marking a 200% increase from Q2 2025, with gross profit at $638,000 or 7%.
- The company lowered its full-year 2025 revenue guidance to between $34.5 million and $37.5 million, projecting Q4 2025 revenues between $20 million and $22 million.
- Strategic developments include the expansion of the Black Widow Limited-Rate Initial Production (LRIP) contract to $35.1 million and the launch of Blue Ops, a new maritime division for uncrewed surface vessels.
- Red Cat ended Q3 2025 with $212.5 million in cash and receivables and anticipates gross margins to reach 10% in Q4 2025 and 20% by the end of 2026.
Nov 13, 2025, 9:30 PM
Red Cat Holdings Details All-Domain Strategy and Production Ramps for Drones and Uncrewed Surface Vessels
RCAT
New Projects/Investments
Product Launch
Revenue Acceleration/Inflection
- Red Cat Holdings is expanding its offerings to become an all-domain company (land, sea, air, cyber) with three main divisions: Teal Drones, FlightWave Aerospace, and the newly announced Blue Ops maritime division.
- The company's Black Widow drone is moving from low-rate to full-rate production by year-end for the U.S. Army's Short Range Reconnaissance program and is now eligible for sales to NATO allies via the NSPA catalog.
- Red Cat's FAANG FPV drone recently received Blue UAS certification, opening it up for U.S. government sales, with $800,000 worth of components already purchased for assembly.
- The new Blue Ops division is establishing a 155,000 square foot manufacturing facility in Valdosta, Georgia, for uncrewed surface vessels (USVs), with low-rate production planned for the first or second quarter of next year.
- Strategic partnerships, including with Palantir, are being leveraged for advanced visual navigation software (VNAV) for drones and for manufacturing scale and efficiencies across the company.
Oct 30, 2025, 7:00 PM
Red Cat's FANG FPV Drone System Receives Blue UAS Cleared List Certification
RCAT
Product Launch
- Red Cat Holdings' FANG™ FPV drone system has been officially added to the Department of War’s Blue UAS Cleared List.
- This designation confirms the FANG system meets the Pentagon’s highest standards for cybersecurity, supply chain integrity, and operational trustworthiness.
- The certification enables streamlined acquisition by the Department of War and other federal agencies, eliminating the need for additional cybersecurity approvals or sourcing waivers.
Oct 30, 2025, 1:14 PM
Red Cat Holdings Completes Flight Testing of Palantir’s VNav Software
RCAT
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Red Cat Holdings announced the successful flight testing of its Black Widow™ drone equipped with Palantir Technologies Inc. Visual Navigation (VNav) Software, demonstrating its ability to navigate in GPS-denied conditions.
- This marks the first known commercial demonstration of visual navigation software on a drone already accepted into a U.S. Army program, with VNav requiring no new hardware as it runs on the Black Widow’s existing onboard sensors.
- Red Cat's CEO, Jeff Thompson, stated this is a "breakthrough moment" for defense, signaling Red Cat's evolution into a full-stack defense technology platform with anticipated margin expansion and strong revenue potential in 2026.
Oct 27, 2025, 10:00 AM
Unusual Machines Secures Defense Drone Components Order from Red Cat
RCAT
New Projects/Investments
Earnings
- Unusual Machines, Inc. secured an $800,000 order from Red Cat Holdings for NDAA-compliant drone components to be integrated into Red Cat's FANG drones for military and government use.
- The order includes BLUE UAS-listed components, highlighting Unusual Machines' growing role in the U.S. drone supply chain and its manufacturing speed.
- Following the announcement, Unusual Machines' stock increased over 6% in pre-market trading, despite the company reporting a wider-than-expected second-quarter loss. Red Cat also posted a wider-than-expected loss in its recent quarterly results.
- Unusual Machines demonstrates strong liquidity metrics, with a current ratio of 51.37 and a quick ratio of 49.41.
Oct 3, 2025, 6:03 PM
Red Cat Holdings Closes Public Offering of Common Stock
RCAT
New Projects/Investments
- Red Cat Holdings, Inc. announced and closed a public offering of 17,968,750 shares of common stock, including the full exercise of the underwriters' option to purchase additional shares.
- The shares were priced at $9.60 per share.
- The offering resulted in approximately $172.5 million in gross proceeds to the company.
- Net proceeds are intended for general corporate and working capital purposes, specifically including operating expenditures and capital investments for its new unmanned surface vessel division.
- The offering closed on September 19, 2025.
Sep 19, 2025, 8:05 PM
Red Cat Holdings Announces Strategic Collaboration with Safe Pro Group
RCAT
New Projects/Investments
Product Launch
- Red Cat Holdings (Nasdaq: RCAT) announced a strategic collaboration with Safe Pro Group Inc. (Nasdaq: SPAI) to embed Safe Pro's AI-powered image analysis technology into Red Cat's Black Widow drones.
- This integration will enable the Black Widow drones to rapidly identify and locate over 150 types of explosive threats, including landmines and unexploded ordnance, in real-time for U.S. and allied ground personnel.
- Safe Pro's Object Threat Detection (SPOTD) system, which will be integrated, is powered by a dataset of over 1.88 million drone images analyzed and 34,200+ threats identified across 8,119 hectares in Ukraine.
Sep 15, 2025, 12:06 PM
Quarterly earnings call transcripts for Red Cat Holdings.
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