Red Cat Holdings (RCAT) Operating Income (2011 - 2026)
Red Cat Holdings (RCAT) posted Operating Income of -$27.3 million for Q1 2026, down 14.04% on a QoQ basis from -$23.9 million in Q4 2025, and down 118.8% year-over-year from $145.2 million in Q1 2025.
Red Cat Holdings (RCAT) Operating Income (2011 - 2026) Analysis & Trends
Red Cat Holdings' Operating Income history runs 16 years deep, the most recent figure standing at -$27.3 million for 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 was -$27.3 million for Q1 2026 at Red Cat Holdings, down from -$23.9 million in the prior quarter.
- Across five years, Operating Income topped out at -$3.2 million in Q1 2022 and bottomed at -$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 plunged 175.86% — and 2023, when it climbed 17.61%.
- Red Cat Holdings' Operating Income stood at -$6.4 million in 2022, then increased by 17.61% to -$5.2 million in 2023, then sank by 125.41% to -$11.8 million in 2024, then slumped by 102.53% to -$23.9 million in 2025, then decreased by 14.04% to -$27.3 million in 2026.
- Business Quant data shows RCAT's Operating Income at -$27.3 million in Q1 2026, -$23.9 million in Q4 2025, and -$17.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 375.76 Bn | 366.42 Bn | -3.10 Bn | -13.96 Bn |
| 2 | Rtx | 290.54 Bn | 282.23 Bn | 9.91 Bn | 2.81 Bn |
| 3 | Boeing | 170.29 Bn | 150.27 Bn | 2.41 Bn | 156.00 Mn |
| 4 | Lockheed Martin | 133.52 Bn | 129.73 Bn | 2.45 Bn | 2.48 Bn |
| 5 | Howmet Aerospace | 113.70 Bn | 111.26 Bn | 854.00 Mn | 753.00 Mn |
| 6 | General Dynamics | 103.50 Bn | 99.17 Bn | 6.76 Bn | 1.46 Bn |
| 7 | Northrop Grumman | 76.72 Bn | 74.42 Bn | 3.72 Bn | 1.10 Bn |
| 8 | TransDigm | 73.38 Bn | 69.50 Bn | 1.51 Bn | 1.18 Bn |
| 9 | L3Harris Technologies | 51.84 Bn | 51.25 Bn | 1.40 Bn | 652.00 Mn |
| 10 | Red Cat Holdings | 897.28 Mn | 897.28 Mn | 1.97 Mn | -27.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | -2.86 Mn |