---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-019403"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:59:37.473887+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Red Cat Q4 revenue $26.2M (+1,985% YoY); FY revenue $40.7M (+161%)

## Summary
- Q4 2025 revenue $26.2M vs $1.3M prior year, up 1,985%.
- Full-year 2025 revenue $40.7M, up 161% from $15.6M in 2024.
- Cash at Dec 31, 2025 was $167.9M, up from $9.2M a year earlier.
- Production capacity expanded 520% to 254,000 sq ft across divisions.
- Secured new Black Widow drone orders from second Asia-Pacific ally.

## SEC filing metadata
- accession: 0001628280-26-019403
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000162828026019403/0001628280-26-019403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000162828026019403/rcat-20260318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-019403
- JSON: https://secwatch.observer/filing/0001628280-26-019403.json
- Plain text: https://secwatch.observer/filing/0001628280-26-019403.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.