Red Cat Holdings (RCAT) Operating Expenses (2010 - 2026)
Red Cat Holdings posted quarterly Operating Expenses of $29.3 million for Q1 2026, up 151.69% year-on-year 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) has 17 years of Operating Expenses data on file, last reported at $29.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 151.69% year-over-year to $29.3 million; the trailing twelve-month figure through Mar 2026 stood at $85.5 million (up 137.84% YoY), and the FY2025 full-year result was $67.9 million, up 177.19% from the prior year.
- Operating Expenses for Q1 2026 stood at $29.3 million, up from $25.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $29.3 million in Q1 2026 and bottomed at $3.5 million in Q1 2022.
- The 5-year median for Operating Expenses is $7.2 million (2024), against an average of $10.0 million.
- The widest annual swing landed in 2023, when Operating Expenses declined 5.9%; it then jumped 213.63% in 2025.
- A 5-year view of Operating Expenses shows it stood at $6.5 million in 2022, then dropped by 5.9% to $6.1 million in 2023, then surged by 31.11% to $8.0 million in 2024, then surged by 213.63% to $25.1 million in 2025, then advanced 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 316.77 Bn | 306.03 Bn | 9.11 Bn | 10.18 Bn |
| 2 | Rtx | 238.61 Bn | 233.51 Bn | 9.08 Bn | 19.59 Bn |
| 3 | Boeing | 172.59 Bn | 151.68 Bn | 2.55 Bn | 2.10 Bn |
| 4 | Lockheed Martin | 122.59 Bn | 120.70 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 102.88 Bn | 100.44 Bn | 854.00 Mn | 120.00 Mn |
| 6 | General Dynamics | 92.64 Bn | 88.99 Bn | 9.09 Bn | 12.06 Bn |
| 7 | Rocket Lab | 82.19 Bn | 80.92 Bn | 76.49 Mn | 132.46 Mn |
| 8 | Northrop Grumman | 78.95 Bn | 76.86 Bn | 3.45 Bn | 8.89 Bn |
| 9 | TransDigm | 70.63 Bn | 66.75 Bn | 1.51 Bn | 273.00 Mn |
| 10 | Red Cat Holdings | 1.14 Bn | 1.14 Bn | 1.97 Mn | 29.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | 3.16 Mn |
| Jan 31, 2021 | 1.72 Mn |
| Oct 31, 2020 | 588,942.00 |
| Jul 31, 2020 | 485,394.00 |
| Apr 30, 2020 | 713,975.00 |
| Jan 31, 2020 | 456,923.00 |
| Oct 31, 2019 | 216,121.00 |
| Jul 31, 2019 | 321,502.00 |
| Mar 31, 2019 | 37,257.00 |
| Dec 31, 2018 | 1.64 Mn |
| Sep 30, 2018 | 325,476.00 |
| Jun 30, 2018 | 436,922.00 |
| Mar 31, 2018 | 636,505.00 |
| Dec 31, 2017 | 207,091.00 |
| Sep 30, 2017 | 90,283.00 |
| Jun 30, 2017 | 344,068.00 |
| Mar 31, 2017 | 450,772.00 |
| Dec 31, 2016 | 689,606.00 |
| Sep 30, 2016 | 592,538.00 |
| Jun 30, 2016 | 166,628.00 |
| Mar 31, 2016 | 207,176.00 |
| Dec 31, 2015 | 80,453.00 |
| Sep 30, 2015 | 132,396.00 |
| Jun 30, 2015 | 54,137.00 |
| Mar 31, 2015 | 37,633.00 |
| Dec 31, 2014 | 154,786.00 |
| Sep 30, 2014 | 186,297.00 |
| Jun 30, 2014 | 41,798.00 |
| Mar 31, 2014 | 16,030.00 |
| Dec 31, 2013 | 13,904.00 |
| Sep 30, 2013 | 8,862.00 |
| Jun 30, 2013 | 4,453.00 |
| Mar 31, 2013 | 29,783.00 |
| Dec 31, 2012 | 113,519.00 |
| Sep 30, 2012 | 12,712.00 |
| Jun 30, 2012 | 43,063.00 |
| Mar 31, 2012 | 62,354.00 |
| Dec 31, 2011 | 53,777.00 |
| Dec 31, 2010 | -32,711.00 |