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.
GM
Glenn Mattson
Ladenburg Thalmann & Co. Inc.
5 questions for RCAT
Also covers: BLNE, CRLBF, JUSHF +8 more
AK
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
CC
Carlo Corzine
Dawson James Securities, Inc.
2 questions for RCAT
KM
Kevin Mac
Creek Drive Capital
1 question for RCAT
TW
Tim White
Alpha Wolf Trading
1 question for RCAT
Recent press releases and 8-K filings for RCAT.
Red Cat Reports Strong Q4 Revenue and Discusses Growth Strategy
RCAT
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Red Cat reported strong preliminary Q4 revenue of $25 million, a significant increase from $3 million in Q2, largely due to early delivery on a $35 million LRIP contract with the army.
- The company's product portfolio includes Black Widow drones for the SRR program, FlightWave/Trikon drones, and Blue Ops unmanned surface vessels (USVs), with boat production expected to start in late March/early April.
- Red Cat emphasizes its manufacturing capability, with capacity to produce 5,000 Black Widow drones per month and a new 160,000 sq ft factory for boats.
- Significant market opportunities are highlighted by the SRR program budget increasing from $80 million to approximately $803 million, and the overall military budget projected to grow from $1 trillion to $1.5 trillion.
- Although no formal 2026 guidance was provided, the company expects continued top-line revenue growth based on recent performance and the increasing defense budget.
Jan 14, 2026, 4:00 PM
Red Cat Reports Strong Q4 Revenue Growth and Discusses Future Opportunities
RCAT
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- Red Cat reported a significant increase in Q4 revenue to $25 million, up from $3 million in Q2, primarily driven by its Black Widow drones for the U.S. Army's SRR program.
- The company anticipates this revenue growth to continue into Q1 2026 and throughout the year, as it transitions from low-rate initial production (LRIP) to full-rate production for the SRR contract.
- Red Cat highlights its manufacturing capacity, capable of producing 1,000 Black Widow drones daily with potential for 5,000 monthly, and expects its new Georgia factory to begin producing Blue Ops unmanned surface vessels (USVs) in late March or early April.
- The company projects a "great year on top line" for 2026, citing a substantial increase in the SRR budget from $80 million to approximately $803 million and a growing overall defense budget.
- Red Cat's product portfolio includes Black Widow drones, the Edge 130/Trikon drone, and Blue Ops USVs, with a strategic focus on smaller, smarter weapons and a continued M&A strategy to integrate technology and control the supply chain.
Jan 14, 2026, 4:00 PM
Red Cat Discusses Strong Q4 Performance, Strategic Growth, and Market Opportunities at Needham Conference
RCAT
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Red Cat reported Q4 revenue of $25 million, a significant increase from $3 million in Q2, primarily driven by the $35 million Low Rate Initial Production (LRIP) contract for the army's SRR program, which is being delivered ahead of schedule.
- The company anticipates continued revenue growth into Q1 and throughout the year, transitioning from the LRIP contract to full rate production for the SRR program, with the relevant PMUAS budget category increasing from $80 million last year to approximately $803 million this year.
- Red Cat possesses substantial manufacturing capacity, capable of producing 1,000 Black Widow drones per day and potentially 5,000 per month if demand requires; the new boat factory is expected to produce its first boats in late March or early April.
- The company is strategically focused on smaller, proven defense technologies, including drones and unmanned surface vehicles (USVs), with their Variant 7 boat having a base price of $750,000.
- While not providing formal 2026 guidance, Red Cat expects a robust top line and continued revenue growth, citing a potential increase in the military budget from $1 trillion to $1.5 trillion.
Jan 14, 2026, 4:00 PM
Red Cat Holdings Announces Preliminary Q4 and Full Year 2025 Revenue Results
RCAT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Red Cat Holdings, Inc. announced preliminary unaudited revenue results for the fourth quarter and full year ended December 31, 2025.
- Fourth quarter 2025 revenue is expected to be between $24.0 million and $26.5 million, representing an approximate 1,842% increase compared to $1.3 million in Q4 2024.
- Full year 2025 revenue is projected to be between $38.0 million and $41.0 million, an approximate 153% increase over $15.6 million in full year 2024.
- The company attributes this strong performance to robust demand from defense and government customers, expanding program wins, and rapid production scaling.
- These preliminary results are unaudited and subject to adjustment upon completion of audit procedures.
Jan 13, 2026, 1:00 PM
Red Cat Holdings Supports FCC's Accelerated Enforcement of NDAA Section 1709
RCAT
New Projects/Investments
- Red Cat Holdings, Inc. (RCAT) responded to the Federal Communications Commission’s (FCC) immediate implementation of Section 1709 of the FY25 National Defense Authorization Act (NDAA).
- This FCC action adds foreign-manufactured drones and their critical components to the Covered List effective immediately, citing "unacceptable risks" to U.S. safety and sovereignty.
- Red Cat's CEO, Jeff Thompson, highlighted this as a major moment for the American drone industry, signaling the U.S.'s commitment to securing airspace and supporting trusted technology.
- The company emphasized the need for cost-effective and capable American-made alternatives and reiterated its commitment to developing a secure domestic drone ecosystem with NDAA-compliant platforms like the Black Widow™.
Dec 23, 2025, 12:00 PM
Red Cat Holdings Selects SpiderOak for Black Widow™ Cybersecurity Assessment
RCAT
New Projects/Investments
- Red Cat Holdings (RCAT) has chosen SpiderOak to conduct a comprehensive Blue UAS cybersecurity assessment for its Black Widow™ Short-Range Reconnaissance (SRR) platform.
- SpiderOak, a Defense Innovation Unit (DIU) Recognized Assessor, will perform vulnerability analysis, penetration testing, and Foreign Ownership, Control, or Influence (FOCI) evaluations.
- This assessment aims to support the inclusion of the Black Widow™ on the Blue UAS Cleared List, ensuring the platform meets stringent U.S. Government cybersecurity, supply chain, and compliance standards for defense operations.
Dec 16, 2025, 2:00 PM
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.
Dec 2, 2025, 10:13 PM
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
Quarterly earnings call transcripts for Red Cat Holdings.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more