Stocks · Industrials · Aerospace & Defense
Red Cat Holdings, Inc. RCAT
$6.35 -0.78% Close, Oct 5, 2026 · NASDAQ · Market cap $974.0M
Strong growthWeak trendExpensive vs sectorHigh risk
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $46.9M, up 508.2% from a year earlier, accelerating from 311.9% a quarter earlier.
- Operating margin widened to -204.4% from -566.0% a year earlier.
- The diluted share count rose 49.9% in a year.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 1%
- Revenue growth, 3-year CAGRTop 1%
- Revenue growth accelerationTop 1%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 8%
- Gross marginBottom 11%
- Operating marginBottom 4%
- Accruals (lower is better)Bottom 1%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 17%
- Free-cash-flow yieldBottom 8%
- EBITDA / enterprise valueBottom 7%
- Sales / enterprise valueBottom 4%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 16%
- 6-month returnBottom 3%
- 1-year return vs S&P 500Bottom 10%
- Distance from 52-week highBottom 10%
- Trend checklist (0–4)Bottom 16%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 16%
- Consecutive EPS beatsBottom 16%
- Share of analysts rating BuyTop 4%
- Upside to consensus price targetTop 6%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 12%
- Maximum drawdown, 3 yearsBottom 25%
- Beta vs S&P 500 (lower is better)Bottom 21%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 311.9% | 508.2% | ↑ |
| Gross margin | -15.2% | 10.7% | ↑ |
| Operating margin | -566.0% | -204.4% | ↑ |
| FCF margin | -721.5% | -523.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 508.2% | 311.9% | ↑ | Top 1% |
| Gross margin | 10.7% | -15.2% | ↑ | Bottom 11% |
| Operating margin | -204.4% | -566.0% | ↑ | Bottom 4% |
| Net margin | -215.1% | -858.9% | ↑ | — |
| Free-cash-flow margin | -523.8% | -721.5% | ↑ | — |
| Return on invested capital | -20.4% | — | Bottom 8% | |
| Revenue growth, 3-year CAGR | 106.6% | — | Top 1% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 21.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 60.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +334.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -71.23%
- Shareholder yield
- -71.23%
- Share count change, 1 year
- +49.9%
- Share count change, 3-year CAGR
- +35.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 0 of 8
- Average EPS surprise, last 4
- -36.2%
- Average 2-day reaction, last 8
- -2.1%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $16.17
- Target vs current price
- +154.6%
- Analysts with a rating
- 3
- Share rating Buy or Strong Buy
- 100%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | -27.5% | +0.1% | +19.2% | -3.9% | — |
| May 7, 2026 | -57.1% | -2.4% | -11.5% | +38.8% | -22.2% |
| Mar 30, 2026 | -39.0% | -8.6% | +3.0% | -7.8% | -26.3% |
| Mar 18, 2026 | -21.4% | +0.2% | -5.2% | -23.2% | -29.2% |
| Nov 13, 2025 | -128.6% | -9.6% | -22.8% | +2.7% | +47.4% |
| Aug 14, 2025 | -42.9% | -0.2% | -4.3% | +17.1% | -8.2% |
| May 14, 2025 | -157.6% | +4.2% | +6.3% | +32.1% | +46.2% |
| Mar 31, 2025 | +0.0% | -0.2% | +4.8% | -11.5% | +20.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | -$0.26 | -$0.20 | -27.5% | $20.2M |
| May 7, 2026 | -$0.22 | -$0.14 | -57.1% | $15.5M |
| Mar 30, 2026 | -$0.22 | -$0.16 | -39.0% | $1.6M |
| Mar 18, 2026 | -$0.17 | -$0.14 | -21.4% | $9.6M |
| Nov 13, 2025 | -$0.16 | -$0.07 | -128.6% | $3.2M |
| Aug 14, 2025 | -$0.15 | -$0.11 | -42.9% | $1.6M |
| May 14, 2025 | -$0.27 | -$0.11 | -157.6% | $1.6M |
| Mar 31, 2025 | -$0.09 | -$0.09 | +0.0% | $7.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 57.7× | — | — | — |
| EV / Sales | 14.35× | — | — | Bottom 4% |
| Free-cash-flow yield | -25.24% | — | — | Bottom 8% |
| Earnings yield | -13.54% | — | — | Bottom 17% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -8.1%
- 200-day average slope (20 days)
- -0.4%
- Distance from 50-day average
- -22.8%
- Distance from 200-day average
- -42.0%
- RSI (14)
- 31.6
- Relative volume
- 0.59×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 78.9%
- Volatility vs own 5-year history
- 20th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.60
- Correlation with S&P 500
- 0.19
- Current drawdown from 1-year high
- -63.4%
- Maximum drawdown, 3 years
- -67.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 16, 2021 | Dec 7, 2023 | -92.3% | 603 days | 241 days (Nov 21, 2024) |
| Jan 6, 2025 | Apr 21, 2025 | -67.2% | 71 days | 116 days (Oct 6, 2025) |
| Jan 22, 2026 | Oct 1, 2026 | -63.5% | 174 days | Not yet recovered |
| Jan 26, 2021 | Jun 4, 2021 | -61.9% | 90 days | 29 days (Jul 16, 2021) |
| Oct 13, 2025 | Nov 20, 2025 | -60.1% | 28 days | 40 days (Jan 21, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $974.0M
- EPS, diluted (TTM)
- -$0.86
- Revenue (TTM)
- $46.9M
- 52-week range
- $5.77 – $18.78
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $6.4M | $4.6M | $17.8M | $7.3M | $40.7M |
| Gross profit | $925,515 | -$834,311 | $3.7M | -$2.0M | $1.3M |
| Operating income | -$13.0M | -$26.3M | -$17.9M | -$38.8M | -$66.6M |
| Net income | -$11.7M | -$28.1M | -$24.1M | -$65.4M | -$72.1M |
| EPS (diluted) | -$0.24 | -$0.49 | -$0.40 | -$0.85 | -$0.60 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q4 2026 | Q1 2027 | Q2 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.3M | $1.6M | $3.2M | $9.6M | $1.6M | $15.5M | $20.2M |
| Net income | -$13.3M | -$16.5M | -$23.1M | -$13.3M | -$16.0M | -$23.1M | -$26.6M | -$35.3M |
| EPS (diluted) | -$0.17 | -$0.24 | -$0.27 | -$0.15 | -$0.16 | -$0.22 | -$0.22 | -$0.26 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | -$16.0M | -$29.8M | -$18.6M | -$20.5M | -$89.1M |
| Capital expenditure | -$363,689 | -$2.5M | -$259,139 | -$163,553 | -$6.6M |
| Free cash flow | -$16.4M | -$32.2M | -$18.8M | -$20.7M | -$95.8M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $70.1M | $0 | -$33,254 | $6.3M | $256.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $325.6M
- Total assets
- $527.5M
- Total liabilities
- $56.3M
- Total debt
- $24.9M
- Net debt
- -$300.7M
- Shareholders’ equity
- $471.2M
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 37,056,400
- Days to cover
- 6.62
- Change vs previous report
- +15.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 31, 2019
- 1-for-1,200
- Nov 21, 2016
- 1-for-10
- Jul 22, 2014
- 1-for-150
- Mar 21, 2002
- 1-for-100