secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001628280-26-032088
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000162828026032088/0001628280-26-032088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000162828026032088/rcat-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-032088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer