Red Cat Holdings Inc. | Small-cap | Technology
$12.89
11.89%
| Red Cat Holdings Stock Comparison:
Red Cat Holdings vs Arista NetworksRed Cat Holdings vs Dell TechnologiesRed Cat Holdings vs CricutRed Cat Holdings vs StratasysRed Cat Holdings vs Corsair GamingRed Cat Holdings vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 1.6M
Gross Profit -850.4K -52.18%
Operating Income -12.5M -765.69%
Net Income -23.1M -1,418.90%
EPS (Diluted) $-0.27

Balance Sheet Metrics

Total Assets 59.7M
Total Liabilities 30.7M
Shareholders Equity 28.9M
Debt to Equity 1.06

Cash Flow Metrics

Operating Cash Flow -15.3M
Free Cash Flow -16.2M

Revenue & Profitability Trend

Red Cat Holdings Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i17.8M4.6M6.4M5.0M403.9K
Cost of Goods Sold i14.2M5.5M5.5M3.9M325.4K
Gross Profit i3.7M-834.3K925.5K1.1M78.6K
Gross Margin % i20.6%-18.1%14.4%21.4%19.4%
Operating Expenses
Research & Development i6.3M5.6M2.6M516.1K489.0K
Selling, General & Administrative i16.3M16.1M10.0M4.8M1.2M
Other Operating Expenses i-4.4M1.4M590.3K-
Total Operating Expenses i22.6M26.1M13.9M5.9M1.7M
Operating Income i-18.9M-22.5M-13.0M-4.9M-1.6M
Operating Margin % i-105.9%-487.9%-202.2%-97.5%-403.5%
Non-Operating Items
Interest Income i-----
Interest Expense i68.6K122.0K147.7K1.2M29.2K
Other Non-Operating Income-2.6M-3.7M1.5M-7.1M57.2K
Pre-tax Income i-21.5M-26.4M-11.7M-13.2M-1.6M
Income Tax i----0
Effective Tax Rate % i0.0%0.0%0.0%0.0%0.0%
Net Income i-24.1M-28.1M-11.7M-13.2M-1.6M
Net Margin % i-134.9%-608.3%-181.8%-264.7%-396.6%
Key Metrics
EBITDA i-14.7M-22.5M-12.7M-4.9M-1.6M
EPS (Basic) i$-0.40$-0.52$-0.24$-0.56$-0.12
EPS (Diluted) i$-0.40$-0.52$-0.24$-0.56$-0.12
Basic Shares Outstanding i6011867553860199482202652365574313732205
Diluted Shares Outstanding i6011867553860199482202652365574313732205

Income Statement Trend

Red Cat Holdings Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i6.1M3.2M4.1M277.3K236.7K
Short-term Investments i012.8M44.8M0-
Accounts Receivable i4.4M719.9K495.5K321.7K0
Inventory i8.0M8.9M3.9M362.1K78.6K
Other Current Assets----3.0K
Total Current Assets i22.4M32.2M55.7M1.6M318.3K
Non-Current Assets
Property, Plant & Equipment i3.0M1.4M1.5M0-
Goodwill i22.0M40.9M53.0M18.1M5.0M
Intangible Assets i3.8M6.9M2.7M2.0M20.0K
Long-term Investments-----
Other Non-Current Assets-108.4K57.0K3.9K3.9K
Total Non-Current Assets i26.1M28.6M29.4M10.1M2.5M
Total Assets i48.5M60.7M85.1M11.7M2.8M
Liabilities
Current Liabilities
Accounts Payable i1.6M1.4M1.0M541.9K249.0K
Short-term Debt i947.2K1.1M1.3M269.0K118.8K
Current Portion of Long-term Debt-----
Other Current Liabilities-1.0M1.6M2.8M-
Total Current Liabilities i3.7M4.1M5.4M4.7M829.3K
Non-Current Liabilities
Long-term Debt i1.3M1.9M1.7M1.8M450.0K
Deferred Tax Liabilities i-----
Other Non-Current Liabilities-----
Total Non-Current Liabilities i1.3M1.9M1.7M1.8M450.0K
Total Liabilities i5.0M6.0M7.2M6.4M1.3M
Equity
Common Stock i74.3K54.6K53.7K29.4K20.0K
Retained Earnings i-81.1M-57.1M-27.5M-15.8M-2.6M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i43.6M54.8M77.9M5.3M1.5M
Key Metrics
Total Debt i2.3M3.0M3.0M2.0M568.8K
Working Capital i18.7M28.1M50.2M-3.0M-510.9K

Balance Sheet Composition

Red Cat Holdings Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i-24.1M-26.4M-11.7M-13.2M-1.6M
Depreciation & Amortization i1.4M966.1K264.8K36.8K0
Stock-Based Compensation i3.6M3.7M3.3M3.4M269.9K
Working Capital Changes i-5.3M-5.1M-6.8M-427.9K405.2K
Operating Cash Flow i-31.5M-26.8M-14.6M-9.1M-722.8K
Investing Activities
Capital Expenditures i-259.1K-2.5M-363.7K0-
Acquisitions i0024.9K-48.4K46.3K
Investment Purchases i-0-57.6M0-
Investment Sales i12.8M32.3M11.4M0-
Investing Cash Flow i13.6M29.6M-46.6M-48.4K46.3K
Financing Activities
Share Repurchases i-----
Dividends Paid i-----
Debt Issuance i0-01.7M450.0K
Debt Repayment i-572.1K-606.9K-930.0K-510.6K-91.0K
Financing Cash Flow i7.8M-1.2M66.3M1.3M255.2K
Free Cash Flow i-18.0M-26.8M-16.4M-1.4M-811.6K
Net Change in Cash i-10.1M1.5M5.1M-7.9M-421.3K

Cash Flow Trend

Red Cat Holdings Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -32.23
Forward P/E -67.76
Price to Book 11.88
Price to Sales -1,493.93
PEG Ratio -67.76

Profitability Ratios

Profit Margin 20.64%
Operating Margin -392.92%
Return on Equity -55.21%
Return on Assets -49.55%

Financial Health

Current Ratio 3.80
Debt to Equity 22.93
Beta 0.86

Per Share Data

EPS (TTM) $-0.51
Book Value per Share $0.97
Revenue per Share $-0.01

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
rcat1.5B-32.2311.88-55.21%20.64%22.93
Arista Networks 187.6B57.1917.2133.64%40.90%0.00
Dell Technologies 95.4B19.09-34.33-331.07%4.77%-10.67
Cricut 1.3B18.594.3518.96%10.09%4.34
Stratasys 1.0B-6.851.10-11.22%-17.42%3.44
Corsair Gaming 851.5M359.671.40-12.33%-5.74%31.01

Financial data is updated regularly. All figures are in the company's reporting currency.