Red Cat Holdings, Inc. (RCAT)

RCAT Cash Flow Statement

Operating, investing, and financing cash flow analysis

RCAT Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	10/31/2024	07/31/2024
Cash from Operations (CFO)	-105.171M	-31.945M	-36.477M	-23.852M	-12.897M	-15.908M	—	-10.139M	-2.194M
Net Income	-78.972M	-26.553M	-23.124M	-16.016M	-13.279M	-23.123M	-16.547M	-13.335M	-12.416M
Depreciation & Amortization	2.466M	812K	588K	542K	524K	588K	685K	372K	474K
Stock-Based Compensation	13.780M	4.817M	3.307M	3.621M	2.035M	1.599M	—	1.304M	958K
Change in Accounts Receivable	43.845M	10.571M	26.155M	6.107M	1.012M	1.554M	—	1.121M	2.989M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-43.471M	-11.562M	-17.247M	-11.698M	-2.965M	-5.671M	—	-2.711M	3.312M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-13.157M	-6.783M	-5.398M	-670K	-307K	-273K	—	-24K	-11K
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-239K	-239K	0.00	0.00	0.00	0.00	—	-7K	-8K
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00
Free Cash Flow (FCF)	-118.328M	-38.728M	-41.875M	-24.522M	-13.203M	-16.181M	—	-10.163M	-2.205M
Net Change in Cash	124.197M	-35.946M	-38.561M	140.496M	58.208M	-1.432M	—	-3.122M	-2.356M

RCAT Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	03/31/2025	12/31/2024	04/30/2024	04/30/2023	04/30/2022	04/30/2021	04/30/2020
Cash from Operations (CFO)	-89.134M	—	-20.536M	-18.562M	-29.781M	-16.019M	-1.399M	-812K
Net Income	-72.075M	-65.421M	-65.421M	-24.053M	-28.107M	-11.689M	-13.236M	-1.602M
Depreciation & Amortization	2.265M	2.119M	2.119M	1.423M	966K	265K	37K	0.00
Stock-Based Compensation	10.562M	—	6.155M	3.609M	3.695M	3.292M	3.388M	270K
Change in Accounts Receivable	26.155M	—	489K	4.361M	720K	496K	322K	0.00
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	-37.580M	—	444K	-4.673M	-5.721M	-7.095M	189K	316K
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-6.647M	—	-164K	-259K	-2.450M	-364K	1.00	4.00
Acquisitions	0.00	—	0.00	1.000M	0.00	25K	-48K	46K
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	—	0.00	-33K	0.00	0.00	0.00	0.00
Dividends Paid	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	-95.781M	—	-20.700M	-18.821M	-32.231M	-16.383M	-1.399M	-812K
Net Change in Cash	158.711M	—	5.894M	2.807M	-825K	3.807M	41K	-267K

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Red Cat Holdings, Inc.

Red Cat Holdings, Inc. (RCAT) operates as a multifaceted provider within the drone industry, offering a comprehensive suite of products, services, and innovative solutions. The company develops and supplies unmanned aerial vehicle (UAV) technology tailored for both commercial and government sectors, addressing critical applications such as reconnaissance, public safety, and detailed inspection. Its product portfolio also includes immersive First Person View (FPV) video goggles, alongside specialized software and hardware designed to enable drones to perform inspection tasks even in environments where global positioning systems are inaccessible. Furthermore, Red Cat Holdings actively markets and sells FPV drones and related equipment, predominantly serving the consumer marketplace. The company's operations are headquartered in San Juan, Puerto Rico.

San Juan, PR

115 employees

www.redcatholdings.com

Technology / Computer Hardware

Sector: Technology
Industry: Computer Hardware
CEO: Jeffrey Thompson

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