RCAT at a glance
Red Cat Holdings, Inc. (RCAT, SEC CIK 748268) filed its latest 10-K annual report on March 19, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and Form 4 insider filings as recently as October 6, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Red Cat Holdings, Inc. (RCAT) reported revenue of $40.7 million (up 876.0% from FY2024) and a net loss of $72.1 million. Diluted EPS was -$0.73.
- As of June 30, 2026, 27 institutional investment managers tracked by SignalX reported holding Red Cat Holdings, Inc. (RCAT) shares worth $447.0 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Thompson Jeffrey M on September 15, 2026 of 150,000 shares at $7.74 per share.
- In the last 90 days, RCAT insiders reported 0 open-market purchases ($0) and 6 open-market sales ($5.4M) on Form 4, a net sale of $5.4M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $40.7M
- +876.0% vs prior year
- Insiders · 90 days
- 0 buys · 6 sells
- Net −$5.4M
- 13F holders
- 27 funds
- $447.0M · −1 vs prior quarter
- Latest 8-K
- Aug 6, 2026
- Item 2.02
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $20.2M, up 527% YoY from $3.2M, driven by U.S. Army and Japan deliveries
- Gross margin 16.1% vs 11.6% YoY; gross profit $3.3M vs $0.4M
- Highest expense growth: R&D $14.2M, up 295%; G&A $21.2M, up 241%
- Cash $325.6M; operating cash outflow $78.7M, up from $28.8M
- Financing provided $249.4M, primarily from $258.75M May Registered Direct Offering
Risk Factors
- Customer concentration: Significant historical revenue from U.S. Department of War contracts
- Government funding risk: Congressional appropriations, continuing resolutions, and agency decisions may reduce program funding
- Contract risk: Agencies may modify, delay, reduce scope, or terminate agreements for convenience
- Revenue transition risk: Replacement revenue from broader government and international customers may not materialize on expected timelines
- Competitive risk: Failure to secure follow-on awards or new contracts could materially affect operating results
AI summary of the RCAT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Fiscal quarter ended June 30, 2026 results announced August 6, 2026
- Press release and conference call provide the substantive financial results and management commentary
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Geoffrey Hitchcock terminated as Chief Revenue Officer effective July 23, 2026
- Board determined “Cause” under his employment agreement following a hearing process
Item 8.01: Other Events
- Former employee Mr. Hitchcock filed a civil lawsuit against Red Cat on July 21, 2026
- Claims include alleged retaliatory termination, breach of contract, and breach of good-faith obligations under New York and Oregon law
Item 5.07: Submission of Matters to a Vote of Security Holders
- 71,433,137 shares represented, establishing quorum against 122,051,175 shares outstanding
- Five director nominees elected, with Jeffrey M. Thompson receiving the highest support at 21,607,419 votes
AI summaries of RCAT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for RCAT
Don't miss the next RCAT filing
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- Fund moves. Which tracked funds opened, added or cut RCAT, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Funk Paul II | M | Oct 2, 2026 | 868 | - |
| Funk Paul II | M | Oct 2, 2026 | 868 | - |
| Thompson Jeffrey M | J | Sep 15, 2026 | 750,000 | - |
| Thompson Jeffrey M | Sell | Sep 15, 2026 | 150,000 | $7.74 |
| Thompson Jeffrey M | J | Sep 15, 2026 | 750,000 | - |
| Liuzza Nicholas Reyland JR | Sell | Aug 28, 2026 | 65,000 | $8.50 |
| Thompson Jeffrey M | Sell | Aug 17, 2026 | 150,000 | $10.45 |
| Moe Christopher R. | Sell | Aug 11, 2026 | 20,000 | $10.51 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $4.2M | $40.7M |
| Gross Profit | - | $3.7M | $1.3M |
| Operating Income | - | -$21.5M | -$66.6M |
| Net Income | - | -$24.1M | -$72.1M |
| Gross Margin | - | 88.2% | 3.1% |
| Op. Margin | - | -515.9% | -163.5% |
| Net Margin | - | -576.4% | -177.0% |
| Balance Sheet | |||
| Total Assets | $60.2M | $48.5M | $273.7M |
| Equity | $54.6M | $50.1M | $245.8M |
| ROE | - | -48.0% | -29.3% |
| Per Share | |||
| EPS | - | $-0.40 | $-0.73 |
| Cash Flow | |||
| Operating CF | - | -$17.7M | -$89.1M |
Source: XBRL data in Red Cat Holdings, Inc. (RCAT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate RCAT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 27 | $447.0M |
| Q1 2026 | 28 | $458.7M |
| Q4 2025 | 23 | $234.4M |
| Q3 2025 | 24 | $237.2M |
| Q2 2025 | 22 | $114.7M |
| Q1 2025 | 16 | $43.3M |
| Q4 2024 | 12 | $75.6M |
| Q3 2024 | 6 | $1.3M |
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- Two Sigma Investments+164.2K
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- D.E. Shaw & Co−1.56M
- Mangrove Partners−15.2K
- AQR Capital Management−13.8K
Source: 13F-HR filings on SEC EDGAR (aggregated from 158 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
RCAT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| SC 13G | Aug 14, 2026 | - | - | |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| SC 13G | Aug 7, 2026 | - | - | |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 4 | Jul 16, 2026 | - | - | - |
| 8-K | Jun 25, 2026 | - | Analysis | - |
| 4 | Jun 15, 2026 | - | - | - |
| 8-K | May 20, 2026 | - | Analysis | |
| 8-K | May 18, 2026 | - | Analysis | |
| 8-K | May 14, 2026 | - | Analysis | |
| 8-K | May 11, 2026 | - | Analysis | |
| 4 | May 11, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
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RCAT SEC filings: frequently asked questions
Are RCAT insiders buying or selling?
In the last 90 days, Red Cat Holdings, Inc. (RCAT) officers, directors and 10% owners reported no open-market purchases and 6 open-market sales worth $5.4 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold RCAT stock?
As of June 30, 2026, the largest Red Cat Holdings, Inc. (RCAT) holders among the 13F filers tracked by SignalX were State Street Corp ($128.8 million), BlackRock ($119.6 million), Vanguard Capital Management LLC ($62.4 million), Citadel Advisors LLC ($36.7 million), Morgan Stanley ($25.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was RCAT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Red Cat Holdings, Inc. (RCAT) reported revenue of $40.7 million (up 876.0% from FY2024) and a net loss of $72.1 million. Diluted EPS was -$0.73. The figures come from the XBRL data in the 10-K.
What did RCAT report in its latest 8-K?
Red Cat Holdings, Inc. (RCAT) filed an 8-K on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Fiscal quarter ended June 30, 2026 results announced August 6, 2026.
What are the latest RCAT SEC filings?
Red Cat Holdings, Inc. (RCAT) filed its latest 10-K annual report on March 19, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and a Form 4 insider filing on October 6, 2026.
What is RCAT's SEC CIK number?
Red Cat Holdings, Inc. (RCAT)'s SEC Central Index Key (CIK) is 748268. EDGAR lists every RCAT filing under that number.
Ask anything about RCAT
The research agent reads RCAT's filings, financials, insider trades and 13F holders, then answers with sources.