Earnings ·
Red Cat Holdings, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
RCATRed Cat Holdings, Inc.
Red Cat Holdings, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue reached $20.2 million, representing a 527% year-over-year increase from Q2 2025. Gross profit rose to $3.3 million, with gross margins improving to 16.1%, up 39 percentage points year-over-year and 27 percentage points sequentially from Q1 2026. The company reaffirmed its full-year revenue target of $150 million to $180 million. Balance sheet cash increased to $325.6 million, while inventory rose to $84.8 million. Operational highlights include advancing Teal Drones to Gauntlet II of the Drone Dominance program, completing the acquisition of Quaze Technologies, and scaling Blue Ops into full-rate production for its Variant 7 uncrewed surface vessel. Red Cat Holdings, Inc. is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security.