Red Cat Holdings, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | — | $9.2M | $3.2M | $4.1M | $277.3K | — | — | $5.8K |
| Accounts Receivable | $26.2M | $489.0K | $719.9K | $495.5K | $321.7K | — | — | $938 |
| Inventory | $23.5M | $13.0M | $8.9M | $3.9M | $362.1K | $78.7K | — | — |
| Total Current Assets | $226.9M | $25.8M | $32.2M | $55.7M | $1.6M | $318.3K | $603.4K | $170.7K |
| Property, Plant & Equipment | $7.8M | $1.9M | $2.7M | $511.7K | — | — | — | $91.7K |
| Goodwill | $17.7M | $17.7M | $17.0M | $25.1M | $8.0M | $2.5M | — | — |
| Intangible Assets (Excl. Goodwill) | $6.9M | $8.5M | $6.9M | $2.7M | $2.0M | $20.0K | — | — |
| Total Assets | $273.7M | $55.6M | $60.7M | $85.1M | $11.7M | $2.8M | $603.4K | $262.4K |
| Liabilities | ||||||||
| Accounts Payable | $3.6M | $2.1M | $1.4M | $1.0M | $541.9K | $249.1K | $20.9K | $139.0K |
| Total Current Liabilities | $14.8M | $4.2M | $4.1M | $5.4M | $4.7M | $829.3K | $790.7K | $2.7M |
| Long-Term Debt | — | — | $401.6K | $973.7K | — | — | — | — |
| Total Liabilities | $27.8M | $5.5M | $6.0M | $6.0M | $6.4M | $1.3M | $790.7K | $2.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-196.8M | $-124.7M | $-57.1M | $-27.5M | $-15.8M | $-2.6M | $-971.8K | $-5.4M |
| Total Stockholders' Equity | $245.8M | $50.1M | $54.8M | $79.1M | $5.3M | $1.5M | $-187.3K | $-2.5M |