Red Cat Quarterly Income Statement
NASDAQ: RCATTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Red Cat revenue and earnings
In the quarter ended Jun 30, 2026, Red Cat generated $20.2 million in revenue, up 527.3% from the same quarter a year earlier. Red Cat reported a net loss of $35.3 million, compared with a loss of $13.3 million a year earlier. Gross margin was 16.1% (up from 11.7%) and operating margin -191.4%.
Diluted earnings per share came in at -$0.26.
Summary generated from market data by MetaCap's automated system. Methodology
Red Cat income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q2 20252024-10-31 | Q? 20242024-09-30 | Q1 20252024-07-31 | Q? 20242024-06-30 | Q4 20242024-04-30 | Q4 20242024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.19M | 15.47M | 26.23M | 9.65M | 3.22M | 1.63M | 1.53M | 1.29M | 2.78M | 6.42M | 6.31M | 6.61M |
| Revenue growth (YoY) | +527.26% | +849.34% | +1609.38% | +646.37% | +15.92% | -74.61% | -75.68% | -80.46% | -52.52% | +63.31% | +260.93% | +512.98% |
| Cost of Revenue | 16.93M | 13.51M | 25.12M | 9.01M | 2.84M | 2.48M | 1.56M | 1.68M | 3.26M | 6.15M | 5.10M | 5.49M |
| Gross Profit | 3.26M | 1.97M | 1.11M | 637.50K | 375.00K | -850.00K | -23.48K | -391.96K | -483.39K | 267.80K | 1.20M | 1.12M |
| Operating Expenses | 41.91M | 29.27M | 25.05M | 18.17M | 13.02M | 11.63M | 9.09M | 8.05M | 7.24M | 5.64M | 6.48M | 7.16M |
| Research & Development | 14.22M | 7.97M | 4.89M | 5.97M | 3.60M | 3.43M | 2.23M | 1.88M | 1.63M | 289.02K | 1.01M | 2.67M |
| Selling, General & Admin | 27.69M | 21.30M | 20.16M | 12.20M | 9.42M | 8.20M | — | 6.08M | — | 4.94M | — | 4.50M |
| Operating Income | -38.65M | -27.30M | -23.94M | -17.53M | -12.65M | -12.48M | -13.33M | -8.44M | -12.42M | -5.38M | -5.28M | -6.04M |
| Interest Expense | — | — | — | — | — | — | -14.63K | — | -24.55K | — | 11.55K | — |
| Other Income (Expense) | 3.41M | 754.00K | 4.03M | 2.21M | -632.00K | -10.64M | -4.22M | -3.99M | -4.69M | -2.78M | 874.90K | 635.68K |
| Pretax Income | -35.24M | -26.55M | -19.91M | -15.32M | -13.28M | -23.12M | -9.12M | -12.43M | -7.73M | — | — | — |
| Income Tax | 23.00K | 5.00K | -251.56K | 694.56K | 0 | 0 | — | 0 | — | — | — | — |
| Net Income | -35.26M | -26.55M | -19.66M | -16.02M | -13.28M | -23.12M | -13.33M | -12.43M | -12.42M | -8.16M | -7.07M | -6.78M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -0.26 | -0.22 | -0.15 | -0.16 | -0.15 | -0.27 | — | -0.16 | — | -0.11 | — | -0.09 |
| EPS (Diluted) | -0.26 | -0.22 | -0.15 | -0.16 | -0.15 | -0.27 | — | -0.16 | — | -0.11 | — | -0.09 |
| Shares Outstanding (Basic) | 136.89M | 120.85M | — | 99.58M | 91.30M | 85.51M | — | 75.74M | — | 74.25M | — | 74.20M |
| Shares Outstanding (Diluted) | 136.89M | 120.85M | — | 99.58M | 91.30M | 85.51M | — | 75.74M | — | 74.25M | — | 74.20M |
| EBITDA | -37.17M | -26.49M | -23.74M | -17.34M | -12.13M | -11.89M | -13.14M | -8.27M | -12.12M | -5.11M | -5.04M | -5.84M |
| Gross Margin | 16.15% | 12.70% | 4.24% | 6.61% | 11.65% | -52.16% | -1.53% | -30.33% | -17.41% | 4.17% | 19.08% | 16.95% |
| Operating Margin | -191.42% | -176.47% | -91.26% | -181.74% | -392.94% | -765.68% | -868.86% | -653.16% | -447.19% | -83.74% | -83.67% | -91.37% |
| Net Margin | -174.64% | -171.63% | -74.93% | -166.04% | -412.57% | -1418.88% | -868.86% | -962.03% | -447.19% | -127.11% | -112.10% | -102.53% |
This table shows 12 quarterly periods of Red Cat's income statement, from Q2 2026 back to Q4 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow RCAT's reporting calendar. What is a income statement?