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

Red Cat Holdings (RCAT) has reported Operating Expenses for 17 consecutive years, with $29.3 million the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $29.3 million, up 151.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $85.5 million (up 137.84% YoY), and the FY2025 annual result was $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.
• Over five years, Operating Expenses peaked at $29.3 million in Q1 2026 and troughed at $3.5 million in Q1 2022.
• Average Operating Expenses over 5 years is $10.0 million, with a median of $7.2 million recorded in 2024.
• Year-over-year, Operating Expenses retreated 5.9% in 2023 and soared 213.63% in 2025.
• Over 5 years, Operating Expenses stood at $6.5 million in 2022, then fell 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 grew by 16.82% to $29.3 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $29.3 million in Q1 2026, $25.1 million in Q4 2025, and $18.2 million in Q3 2025.