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

Red Cat Holdings has reported Operating Income for 16 years, with the latest figure at -$27.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Income fell 118.8% year-over-year to -$27.3 million; the trailing twelve-month figure through Mar 2026 stood at -$81.4 million (down 62.68% YoY), and the FY2025 full-year result was -$66.6 million, down 157.72% from the prior year.
• Operating Income for Q1 2026 stood at -$27.3 million, down from -$23.9 million in the prior quarter.
• The five-year high for Operating Income was -$3.2 million in Q1 2022, with the low at -$27.3 million in Q1 2026.
• Historically, Operating Income has averaged -$10.3 million across 5 years, with a median of -$6.4 million in 2022.
• Annual changes were most pronounced in 2022 — Operating Income sank 175.86% — and 2023, when it gained 17.42%.
• Red Cat Holdings' Operating Income stood at -$6.4 million in 2022, then climbed by 17.42% 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.