Red Cat Holdings (RCAT) Operating Income (2011 - 2026)

Red Cat Holdings (RCAT) has reported Operating Income for 16 consecutive years, with -$27.3 million the latest figure, recorded in Q1 2026.

• Operating Income for Q1 2026 came in at -$27.3 million, down 118.8% year-over-year; the trailing twelve-month figure through Mar 2026 was -$81.4 million (down 62.68% YoY), and the FY2025 annual result was -$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.
• Over five years, Operating Income peaked at -$3.2 million in Q1 2022 and troughed at -$27.3 million in Q1 2026.
• Average Operating Income over 5 years is -$10.3 million, with a median of -$6.4 million recorded in 2022.
• Year-over-year, Operating Income tumbled 175.86% in 2022 and climbed 17.42% in 2023.
• Over 5 years, Operating Income stood at -$6.4 million in 2022, then rose by 17.42% to -$5.2 million in 2023, then slumped by 125.41% to -$11.8 million in 2024, then tumbled by 102.53% to -$23.9 million in 2025, then slipped by 14.04% to -$27.3 million in 2026.
• Per Business Quant data, the three most recent Operating Income figures were -$27.3 million in Q1 2026, -$23.9 million in Q4 2025, and -$17.5 million in Q3 2025.