Red Cat Holdings, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Oct 2024 | Sep 2024 | Jul 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-35.3M | $-26.6M | $-16.0M | $-13.3M | $-23.1M | $-13.3M | $-12.4M | $-12.4M |
| Depreciation & Amortization | — | $812.0K | — | — | $588.0K | — | — | — |
| Depreciation | — | $400.0K | — | — | $200.0K | — | — | $296.7K |
| Amortization | — | $400.0K | — | — | $400.0K | — | — | $177.3K |
| Stock-Based Compensation | — | $4.8M | — | — | $1.6M | — | — | — |
| Net Cash from Operating Activities | $-46.8M | $-31.9M | $-23.9M | $-12.9M | $-15.9M | $-10.1M | — | $-2.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.8M | $6.8M | $669.2K | $307.0K | $273.0K | $23.8K | — | $100.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-6.8M | — | — | $-273.0K | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $2.8M | — | — | $14.7M | — | — | — |
| Net Change in Cash | — | $-35.9M | — | — | $-1.4M | — | — | $1.7M |
| Free Cash Flow | $-52.6M | $-38.7M | $-24.5M | $-13.2M | $-16.2M | $-10.2M | — | $-2.4M |