Red Cat Holdings, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $40.7M | $17.8M | $4.6M | $6.4M | $5.0M | $403.9K | — |
| Cost of Revenue | — | $39.5M | $14.2M | $5.5M | $5.5M | $3.9M | $325.4K | — |
| Gross Profit | — | $1.3M | $3.7M | $-834.3K | $925.5K | $1.1M | $78.6K | — |
| Gross Margin | — | 3.1% | 20.6% | -18.1% | 14.4% | 21.4% | 19.4% | — |
| Operating Expenses | ||||||||
| Research & Development | — | $17.9M | $6.3M | $5.9M | $2.6M | $516.1K | $489.0K | $366.6K |
| SG&A Expense | — | $36.9M | $11.2M | $12.7M | $5.5M | $1.3M | $949.6K | $384.7K |
| Operating Income | — | $-66.6M | $-19.3M | $-26.3M | — | — | $-1.7M | $-751.3K |
| Operating Margin | — | -163.5% | -108.2% | -570.0% | — | — | -410.7% | — |
| Interest Expense | — | — | $68.6K | $122.0K | $147.7K | $1.2M | $29.2K | — |
| Pretax Income | — | $-71.6M | $-21.5M | — | — | — | — | — |
| Income Tax Expense | — | $443.0K | $0 | — | — | — | — | — |
| Net Income | — | $-72.1M | $-24.1M | $-28.1M | $-11.7M | $-13.2M | $-1.6M | $-751.3K |
| Net Margin | — | -177.0% | -134.9% | -608.3% | -181.8% | -264.7% | -396.6% | — |
| EPS (Basic) | — | $-0.73 | $-0.40 | $-0.52 | — | $-0.56 | $-0.12 | $0.14 |
| EPS (Diluted) | — | $-0.73 | $-0.40 | $-0.52 | — | $-0.56 | $-0.12 | $0.14 |
| Shares Outstanding (Basic) | 121.1M | 99.0M | 60.1M | 53.9M | 53.8M | 48.2M | 20.0M | 179.3K |
| Shares Outstanding (Diluted) | 121.1M | 99.0M | 60.1M | 53.9M | 53.8M | 48.2M | 20.0M | 179.3K |
| Dividends Per Share | — | — | — | — | — | — | — | — |