Red Cat Holdings (RCAT) Operating Expenses (2010 - 2026)

Red Cat Holdings' Operating Expenses history runs 17 years deep, the most recent figure standing at $29.3 million for 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 was $29.3 million for Q1 2026 at Red Cat Holdings, 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.
• 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 decreased 5.9% — and 2025, when it jumped 213.63%.
• Red Cat Holdings' Operating Expenses stood at $6.5 million in 2022, then declined by 5.9% to $6.1 million in 2023, then soared by 31.11% to $8.0 million in 2024, then soared by 213.63% to $25.1 million in 2025, then climbed by 16.82% to $29.3 million in 2026.
• Business Quant data shows RCAT's Operating Expenses at $29.3 million in Q1 2026, $25.1 million in Q4 2025, and $18.2 million in Q3 2025.