Red Cat Holdings, Inc.
Balance Sheet
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Oct 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | — | — | — | — | — | — | $9.2M | $4.6M |
| Accounts Receivable | $9.5M | $10.6M | $26.2M | $6.1M | $1.0M | $1.6M | $489.0K | $1.1M |
| Inventory | $73.4M | $50.5M | $23.5M | $22.6M | $16.2M | $13.9M | $13.0M | $12.2M |
| Total Current Assets | $425.1M | $209.7M | $226.9M | $248.8M | $91.6M | $29.4M | $25.8M | $20.9M |
| Property, Plant & Equipment | $19.1M | $14.1M | $7.8M | $2.6M | $2.1M | $2.0M | $1.9M | $2.0M |
| Goodwill | $45.3M | $31.5M | $17.7M | $17.7M | $17.7M | $17.7M | $17.7M | $23.0M |
| Intangible Assets (Excl. Goodwill) | $22.0M | $12.5M | $6.9M | $7.3M | $7.7M | $8.0M | $8.5M | $3.4M |
| Total Assets | $527.5M | $281.9M | $273.7M | $286.0M | $121.4M | $59.7M | $55.6M | $51.1M |
| Liabilities | ||||||||
| Accounts Payable | $12.8M | $9.2M | $3.6M | $3.0M | $1.5M | $1.5M | $2.1M | $1.6M |
| Total Current Liabilities | $28.6M | $19.1M | $14.8M | $23.9M | $24.1M | $28.9M | $4.2M | $14.7M |
| Long-Term Debt | $892.0K | $350.0K | — | — | — | — | — | — |
| Total Liabilities | $56.3M | $43.1M | $27.8M | $32.8M | $25.8M | $30.7M | $5.5M | $24.1M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-258.6M | $-223.4M | $-196.8M | $-177.2M | $-161.1M | $-147.9M | $-124.7M | $-106.9M |
| Total Stockholders' Equity | $471.2M | $238.7M | $245.8M | $253.3M | $95.6M | $28.9M | $50.1M | $27.0M |