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

Red Cat Holdings has reported Operating Expenses for 17 years, with the latest figure 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.
• The five-year high for Operating Expenses was $29.3 million in Q1 2026, with the low at $3.5 million in Q1 2022.
• Historically, Operating Expenses has averaged $10.0 million across 5 years, with a median of $7.2 million in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses declined 5.9% — and 2025, when it jumped 213.63%.
• Red Cat Holdings' Operating Expenses 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.