Red Cat Holdings (RCAT) Operating Expenses (2010 - 2026)
Red Cat Holdings' (RCAT) quarterly Operating Expenses came in at $29.3 million in Q1 2026, up 151.69% YoY from $11.6 million in Q1 2025, and up 16.82% on a QoQ basis from $25.1 million in Q4 2025.
Red Cat Holdings (RCAT) Operating Expenses (2010 - 2026) Analysis & Trends
Red Cat Holdings (RCAT) has 17 years of Operating Expenses data on file, last reported at $29.3 million in Q1 2026.
- Quarterly Operating Expenses rose 151.69% year-over-year to $29.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $85.5 million (up 137.84% YoY) and the FY2025 annual result came in at $67.9 million, up 177.19% from the prior year.
- Operating Expenses grew to $29.3 million in Q1 2026, from $25.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $29.3 million in Q1 2026 to a low of $3.5 million in Q1 2022.
- A 5-year average of $10.0 million and a median of $7.2 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses declined 5.9% — and 2025, when it jumped 213.63%.
- Tracing RCAT's Operating Expenses over 5 years: stood at $6.5 million in 2022, then slipped by 5.9% to $6.1 million in 2023, then jumped by 31.11% to $8.0 million in 2024, then jumped by 213.63% to $25.1 million in 2025, then gained by 16.82% to $29.3 million in 2026.
- The last three Operating Expenses figures came in at $29.3 million (Q1 2026), $25.1 million (Q4 2025), and $18.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.92 Bn | 353.58 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 284.24 Bn | 275.94 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 169.32 Bn | 149.30 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 129.93 Bn | 126.14 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 108.64 Bn | 108.07 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 103.62 Bn | 99.29 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 78.44 Bn | 76.14 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 69.14 Bn | 66.37 Bn | 1.63 Bn | 332.00 Mn |
| 9 | Axon Enterprise | 50.64 Bn | 49.97 Bn | 546.45 Mn | 499.67 Mn |
| 10 | Red Cat Holdings | 1.32 Bn | 1.32 Bn | 3.26 Mn | 41.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 41.91 Mn |
| Mar 31, 2026 | 29.27 Mn |
| Dec 31, 2025 | 25.05 Mn |
| Sep 30, 2025 | 18.17 Mn |
| Jun 30, 2025 | 13.02 Mn |
| Mar 31, 2025 | 11.63 Mn |
| Dec 31, 2024 | 7.99 Mn |
| Oct 31, 2024 | 9.09 Mn |
| Jul 31, 2024 | 7.24 Mn |
| Apr 30, 2024 | 7.86 Mn |
| Jan 31, 2024 | 5.55 Mn |
| Oct 31, 2023 | 6.09 Mn |
| Jul 31, 2023 | 5.51 Mn |
| Jan 31, 2023 | 5.09 Mn |
| Oct 31, 2022 | 6.47 Mn |
| Jul 31, 2022 | 3.56 Mn |
| Apr 30, 2022 | 5.73 Mn |
| Jan 31, 2022 | 3.50 Mn |
| Oct 31, 2021 | 2.91 Mn |
| Jul 31, 2021 | 1.78 Mn |