Red Cat Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-72.1M | $-24.1M | $-28.1M | $-11.7M | $-13.2M | $-1.6M | $-751.3K | $-2.6M |
| Depreciation & Amortization | $2.3M | $1.4M | — | — | — | — | — | — |
| Depreciation | $700.0K | $600.0K | $311.5K | $40.2K | — | — | — | $154.7K |
| Amortization | $1.5M | $900.0K | $654.5K | $224.6K | $36.8K | — | — | — |
| Stock-Based Compensation | — | — | $3.7M | $3.3M | $3.4M | $269.9K | — | — |
| Net Cash from Operating Activities | $-89.1M | $-17.7M | $-29.2M | $-16.0M | $-1.4M | $-811.6K | $-753.4K | $-943.6K |
| Investing Activities | ||||||||
| Capital Expenditures | $6.6M | $259.0K | $2.5M | $363.7K | — | — | — | $974.3K |
| Business Acquisitions | — | — | — | — | $48.4K | — | — | — |
| Net Cash from Investing Activities | — | — | $29.6M | $-46.6M | $-48.4K | $46.3K | — | $-849.8K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | — | $-1.2M | $66.4M | $1.5M | $498.5K | $686.5K | $1.2M |
| Net Change in Cash | — | $2.8M | $-824.5K | $3.8M | $40.7K | $-266.8K | $-66.9K | $-553.5K |
| Free Cash Flow | $-95.8M | $-18.0M | $-31.6M | $-16.4M | — | — | — | $-1.9M |