Short answer
Red Cat Holdings, Inc. (RCAT) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $20M (up 8247.4% year over year) with net income of −$35M.
Q2 2026 key financials · XBRL
- Revenue
- $20M
- +8247.4% YoY · +30.5% QoQ
- Net income
- −$35M
- −165.5% YoY · −32.8% QoQ
- Operating margin
- -191.4%
- Gross margin
- 16.1%
- EPS (diluted)
- −$0.26
- −85.7% YoY · −18.2% QoQ
Source: XBRL data from the Red Cat Holdings, Inc. (RCAT) Q2 2026 10-Q on SEC EDGAR. USD.
Red Cat Holdings, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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