Red Cat Holdings (RCAT) Operating Expenses (2009 - 2026)
Red Cat Holdings' Operating Expenses came in at $41.91 million for Q2 2026, up 221.8% from $13.02 million a year earlier and up 43.2% from the prior quarter.
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Analysis
Red Cat Holdings (RCAT) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Red Cat Holdings reported Operating Expenses of $114.39 million, up 174.1% year-over-year; for FY2025, it came in at $67.87 million, up 177.2% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 108.8% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $24.49 million in FY2024, $24.54 million in FY2023 (+76.2%), $13.93 million in FY2022 (+134.2%) and $5.95 million in FY2021 (+248.0%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q4 2010.
- Year-over-year, Operating Expenses has increased for three consecutive quarters.
- Business Quant data shows RCAT's Operating Expenses at $29.27 million (Q1 2026), $25.05 million (Q4 2025) and $18.17 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,888.97 Bn | 1,650.69 Bn | 9.10 Bn | 11.78 Bn |
| 2 | General Electric | 342.82 Bn | 301.57 Bn | 5.02 Bn | 11.75 Bn |
| 3 | Rtx | 267.90 Bn | 237.89 Bn | 5.81 Bn | 21.79 Bn |
| 4 | Lockheed Martin | 137.70 Bn | 121.94 Bn | 2.44 Bn | - |
| 5 | Boeing | 135.95 Bn | 44.93 Bn | 2.17 Bn | 2.03 Bn |
| 6 | General Dynamics | 98.18 Bn | 83.41 Bn | 2.25 Bn | 13.04 Bn |
| 7 | Motorola Solutions | 87.93 Bn | 84.41 Bn | 1.77 Bn | 780.00 Mn |
| 8 | Howmet Aerospace | 87.90 Bn | 83.65 Bn | 1.00 Bn | 133.00 Mn |
| 9 | Northrop Grumman | 78.19 Bn | 65.65 Bn | 2.35 Bn | 9.85 Bn |
| 10 | Red Cat Holdings | 580.23 Mn | -251.54 Mn | 3.26 Mn | 41.91 Mn |
Historic Data
Download Data
Historic 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 | 3.63 Mn |
| Sep 30, 2024 | 8.05 Mn |
| Jun 30, 2024 | 5.64 Mn |
| Jan 31, 2024 | 5.55 Mn |
| Oct 31, 2023 | 6.09 Mn |
| Jul 31, 2023 | 5.51 Mn |
| Apr 30, 2023 | 9.41 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 |
API Access
Red Cat Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RCAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RCAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RCAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();