Jun 2026 (Q2 FY26) — Aug 6, 2026
Red Cat Holdings, Inc. Q2 FY26 — Record Revenue and Margin Expansion
Read the full callRed Cat Holdings (RCAT) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Red Cat Holdings earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 20.2 | +527.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -191.4 | +201.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -35.3 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$4.9 +3.59% · +$0.17
Performance −67.9% 1Y
1Y: $15.26 on 14 Oct 2025 → $4.9. High $17.36 (22 Jan 2026), low $4.73 (14 Oct 2026).
- Previous close
- $4.73
- 52-week range
- $4.73 – $17.36
- One year
- −66.60%
Overview
- Symbol
- RCAT
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Red Cat Holdings earnings calls (RCAT)
Financials
What the filings say
Net profit, year on year: −166% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Oct 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 2 | 2 | 3 | 10 | 26 | 15 | 20 |
| Operating profit | -8 | -13 | -12 | -13 | -18 | -24 | -27 | -39 |
| Operating margin | −653.2% | −868.9% | −765.7% | −392.9% | −181.7% | −91.3% | −176.5% | −191.4% |
| Other income | -4 | — | -11 | -1 | 2 | 4 | 1 | 3 |
| Interest | — | -0 | — | — | — | — | — | — |
| Profit before tax | -12 | — | -23 | -13 | -15 | -20 | -27 | -35 |
| Tax rate | 0.0% | — | 0.0% | 0.0% | −4.5% | 1.3% | −0.0% | −0.1% |
| Net profit | -12 | -13 | -23 | -13 | -16 | -20 | -27 | -35 |
| EPS ($ per share) | -0.16 | — | -0.27 | -0.15 | -0.16 | — | -0.22 | -0.26 |
| Line item | Dec 2018 | Apr 2019 | Apr 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Apr 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -1 | -1 | -3 | -16 | -27 | -57 | -81 | -197 |
| Total liabilities | 0 | 1 | 1 | 6 | 6 | 6 | 5 | 28 |
| Fixed assets | 0 | — | — | — | 1 | 3 | 2 | 8 |
| Investments | — | — | — | — | — | 13 | — | — |
| Total assets | 0 | 1 | 3 | 12 | 85 | 61 | 49 | 274 |
| Line item | Dec 2018 | Apr 2019 | Apr 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Apr 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -1 | -1 | -1 | -1 | -16 | -29 | -18 | -89 |
| Cash from investing | -1 | — | 0 | -0 | -47 | 30 | — | — |
| Cash from financing | 1 | 1 | 0 | 1 | 66 | -1 | — | — |
| Net cash flow | — | -0 | -0 | 0 | 4 | -1 | 3 | — |
| Capital expenditure | -1 | — | — | — | -0 | -2 | -0 | -7 |
| Free cash flow | -2 | — | — | — | -16 | -32 | -18 | -96 |
Insider filings
28 filings between Dec 29, 2025 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$7.25M
7 sales by 4 insiders
43% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 11
- Option exercise — converted options into shares
- 6
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 gifts, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Thompson Jeffrey M | — | $4.00M | Sep 15, 2026 |
| Funk Paul II | — | $1.90M | Jun 11, 2026 |
| Liuzza Nicholas Reyland JR | — | $1.14M | Aug 28, 2026 |
| Moe Christopher R. | — | $210.2K | Aug 11, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | Funk Paul II Director | Option exercise | 868 | — |
| Sep 15, 2026 | Thompson Jeffrey M Chairman of the Board, CEO | Other 10b5-1 plan | 750,000 | — |
| Sep 15, 2026 | Thompson Jeffrey M Chairman of the Board, CEO | Sale 10b5-1 plan | 150,000 | $1.16M |
| Aug 28, 2026 | Liuzza Nicholas Reyland JR Director | Sale | 65,000 | $552.5K |
| Aug 17, 2026 | Thompson Jeffrey M Chairman of the Board, CEO | Sale 10b5-1 plan | 150,000 | $1.57M |
| Aug 11, 2026 | Moe Christopher R. Director | Sale | 20,000 | $210.2K |
| Aug 11, 2026 | Liuzza Nicholas Reyland JR Director | Sale | 55,000 | $584.6K |
| Jul 15, 2026 | Thompson Jeffrey M Chairman of the Board, CEO | Sale 10b5-1 plan | 150,000 | $1.28M |
| Jun 11, 2026 | Funk Paul II Director | Sale | 165,028 | $1.90M |
| Apr 30, 2026 | Moe Christopher R. Director | Option exercise | 7,429 | — |
| Apr 30, 2026 | Freedman Joseph David Director | Option exercise | 7,429 | — |
| Apr 30, 2026 | Liuzza Nicholas Reyland JR Director | Option exercise | 7,429 | — |
| Apr 30, 2026 | Funk Paul II Director | Option exercise | 7,429 | — |
| Apr 6, 2026 | Thompson Jeffrey M Chairman of the Board, CEO | Tax withheld | 1,570 | $20.5K |
| Apr 6, 2026 | Thompson Jeffrey M Chairman of the Board, CEO | Option exercise | 5,295 | — |
| Mar 31, 2026 | Morrison Christian Spenst Chief Financial Officer | Tax withheld | 145 | $1.9K |
| Mar 31, 2026 | Hitchcock Geoffrey Wayne Chief Revenue Officer | Option exercise | 2,175 | — |
| Mar 31, 2026 | Hitchcock Geoffrey Wayne Chief Revenue Officer | Tax withheld | 645 | $8.4K |
| Mar 31, 2026 | Ericson Christian Chief Operating Officer | Tax withheld | 1,176 | $15.4K |
| Mar 31, 2026 | Ericson Christian Chief Operating Officer | Option exercise | 4,073 | — |
| Mar 31, 2026 | Morrison Christian Spenst Chief Financial Officer | Option exercise | 422 | — |
| Mar 17, 2026 | Ericson Christian Chief Operating Officer | Option exercise | 12,500 | — |
| Mar 17, 2026 | Ericson Christian Chief Operating Officer | Tax withheld | 3,607 | $56.1K |
| Mar 11, 2026 | Ericson Christian Chief Operating Officer | Tax withheld | 7,870 | $115.5K |
| Mar 11, 2026 | Ericson Christian Chief Operating Officer | Option exercise | 25,000 | — |
| Dec 29, 2025 | Thompson Jeffrey M Chairman of the Board, CEO | Gift | 4,750 | $0 |
| Dec 29, 2025 | Thompson Jeffrey M Chairman of the Board, CEO | Gift | 4,750 | $0 |
| Dec 29, 2025 | Thompson Jeffrey M Chairman of the Board, CEO | Gift | 4,750 | $0 |
| Oct 1, 2025 | Hitchcock Geoffrey Wayne Chief Revenue Officer | Tax withheld | 89,838 | $940.6K |
| Oct 1, 2025 | Hitchcock Geoffrey Wayne Chief Revenue Officer | Option exercise | 262,500 | — |
| Sep 29, 2025 | Moe Christopher R. Director | Sale | 10,000 | $109.1K |
| Sep 12, 2025 | Moe Christopher R. Director | Sale | 10,000 | $109.6K |
| Sep 11, 2025 | Moe Christopher R. Director | Sale | 10,000 | $107.9K |
| Sep 11, 2025 | Moe Christopher R. Director | Sale | 20,000 | $195.4K |
| Sep 8, 2025 | Moe Christopher R. Director | Sale | 10,000 | $89.0K |
| Aug 25, 2025 | Moe Christopher R. Director | Sale | 10,000 | $100.4K |
| Aug 21, 2025 | Moe Christopher R. Director | Sale | 16,833 | $161.3K |
| Aug 20, 2025 | Moe Christopher R. Director | Sale | 10,000 | $89.3K |
| Jul 18, 2025 | Thompson Jeffrey M Chairman of the Board, CEO | Option exercise | 25,316 | $100.0K |
| Jul 18, 2025 | Thompson Jeffrey M Chairman of the Board, CEO | Tax withheld | 8,547 | $100.0K |
| Jul 18, 2025 | Thompson Jeffrey M Chairman of the Board, CEO | Tax withheld | 37,750 | $441.7K |
| Jul 18, 2025 | Thompson Jeffrey M Chairman of the Board, CEO | Option exercise | 416,667 | $441.7K |
| Jun 30, 2025 | Freedman Joseph David Director | Option exercise | 150,000 | $376.5K |
| Jun 30, 2025 | Freedman Joseph David Director | Sale | 150,000 | $1.11M |
| Jun 10, 2025 | Liuzza Nicholas Reyland JR Director | Sale | 100,000 | $858.0K |
| Jun 9, 2025 | Liuzza Nicholas Reyland JR Director | Option exercised | 100,000 | $150.0K |
| May 21, 2025 | Liuzza Nicholas Reyland JR Director | Sale | 100,309 | $671.8K |
| May 20, 2025 | Liuzza Nicholas Reyland JR Director | Option exercised | 100,000 | $150.0K |
| Jan 3, 2025 | Lunger Leah Chief Financial Officer | Tax withheld | 677 | $9.0K |
| Jan 3, 2025 | Lunger Leah Chief Financial Officer | Option exercise | 7,083 | $9.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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