Red Cat Holdings (RCAT) Operating Income (2011 - 2026)
Red Cat Holdings' (RCAT) quarterly Operating Income came in at -$27.3 million in Q1 2026, down 118.8% YoY from $145.2 million in Q1 2025, and down 14.04% on a QoQ basis from -$23.9 million in Q4 2025.
Red Cat Holdings (RCAT) Operating Income (2011 - 2026) Analysis & Trends
Red Cat Holdings (RCAT) has 16 years of Operating Income data on file, last reported at -$27.3 million in Q1 2026.
- Quarterly Operating Income fell 118.8% year-over-year to -$27.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$81.4 million (down 62.68% YoY) and the FY2025 annual result came in at -$66.6 million, down 157.72% from the prior year.
- Operating Income declined to -$27.3 million in Q1 2026, from -$23.9 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$3.2 million in Q1 2022 to a low of -$27.3 million in Q1 2026.
- A 5-year average of -$10.3 million and a median of -$6.4 million in 2022 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2022 — Operating Income sank 175.86% — and 2023, when it rose 17.61%.
- Tracing RCAT's Operating Income over 5 years: stood at -$6.4 million in 2022, then climbed by 17.61% to -$5.2 million in 2023, then tumbled by 125.41% to -$11.8 million in 2024, then plunged by 102.53% to -$23.9 million in 2025, then fell by 14.04% to -$27.3 million in 2026.
- The last three Operating Income figures came in at -$27.3 million (Q1 2026), -$23.9 million (Q4 2025), and -$17.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.92 Bn | 353.58 Bn | 6.95 Bn | -3.91 Bn |
| 2 | Rtx | 284.24 Bn | 275.94 Bn | 9.91 Bn | 2.81 Bn |
| 3 | Boeing | 169.32 Bn | 149.30 Bn | 2.41 Bn | 156.00 Mn |
| 4 | Lockheed Martin | 129.93 Bn | 126.14 Bn | 2.45 Bn | 2.48 Bn |
| 5 | Howmet Aerospace | 108.64 Bn | 108.07 Bn | 951.00 Mn | 711.00 Mn |
| 6 | General Dynamics | 103.62 Bn | 99.29 Bn | 6.76 Bn | 1.46 Bn |
| 7 | Northrop Grumman | 78.44 Bn | 76.14 Bn | 3.72 Bn | 1.10 Bn |
| 8 | TransDigm | 69.14 Bn | 66.37 Bn | 1.63 Bn | 1.23 Bn |
| 9 | Axon Enterprise | 50.64 Bn | 49.97 Bn | 546.45 Mn | 46.78 Mn |
| 10 | Red Cat Holdings | 1.32 Bn | 1.32 Bn | 3.26 Mn | -38.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -38.65 Mn |
| Mar 31, 2026 | -27.30 Mn |
| Dec 31, 2025 | -23.94 Mn |
| Sep 30, 2025 | -17.53 Mn |
| Jun 30, 2025 | -12.65 Mn |
| Mar 31, 2025 | -12.48 Mn |
| Dec 31, 2024 | -11.82 Mn |
| Oct 31, 2024 | -13.33 Mn |
| Jul 31, 2024 | -12.42 Mn |
| Apr 30, 2024 | -4.29 Mn |
| Jan 31, 2024 | -4.45 Mn |
| Oct 31, 2023 | -5.24 Mn |
| Jul 31, 2023 | -5.59 Mn |
| Jan 31, 2023 | -5.18 Mn |
| Oct 31, 2022 | -6.36 Mn |
| Jul 31, 2022 | -3.48 Mn |
| Apr 30, 2022 | -5.40 Mn |
| Jan 31, 2022 | -3.16 Mn |
| Oct 31, 2021 | -2.76 Mn |
| Jul 31, 2021 | -1.68 Mn |