Red Cat Q1 revenue $15.5M (+849% YoY); gross margin 12.7% vs (52.1)%

Red Cat Holdings, Inc.

2026-Q1 EPS reported -$0.22 revenue$15,471,000

Revenue of $15.5M, up 849% YoY from $1.6M; gross profit $2.0M vs loss of $0.8M prior year.
Gross margin 12.7%, a 64.8 percentage point improvement YoY and a 199% sequential increase from Q4 2025.
Secured Black Widow drone orders from NATO and Asia-Pacific allies; partnership with Ukraine's Spetstechnoexport.
Acquired Apium Swarm Robotics; definitive agreement to acquire Quaze Technologies (pending Investment Canada Act clearance).
Management targets annual revenue of $150M-$180M in short- to medium-term; cash $131.9M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Red Cat Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $15.5 million.

Period: the quarter ended March 31, 2026
Revenue: $15.5 million
Result: reported results

Exact text from the filing

solutions for defense and national security, reports its financial results for the quarter ended March 31, 2026. First Quarter 2026 Financial Highlights Total revenue was $15.5 million, representing an increase of 849% from $1.6 million for the prior year quarter. Gross profit was $2.0 million, representing an increase of $2.8 million from the prior year

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

Red Cat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-032088

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.