For the quarter ending 2026-03-31, RCAT has $281,885,000 in assets. $43,146,000 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Prepaid expenses and other | - | - | - | 3,633,747 |
| Cash | 131,919,000 | 167,865,000 | 206,425,996 | 65,930,475 |
| Accounts receivable, net | 10,571,000 | 26,155,000 | 6,106,951 | 1,012,475 |
| Inventory | 50,530,000 | 23,452,000 | 22,642,051 | 16,169,713 |
| Prepaid inventory | 12,160,000 | 6,942,000 | 7,953,616 | 4,827,223 |
| Prepaid expenses and other current assets | 4,482,000 | 2,524,000 | 5,673,884 | - |
| Total current assets | 209,662,000 | 226,938,000 | 248,802,498 | 91,573,633 |
| Goodwill | 31,522,000 | 17,671,000 | 17,671,065 | 17,671,065 |
| Intangible assets, net | 12,490,000 | 6,919,000 | 7,294,798 | 7,671,091 |
| Property and equipment, net | 14,145,000 | 7,797,000 | 2,634,486 | 2,130,921 |
| Other long term assets | 1,227,000 | 1,227,000 | 1,185,813 | 363,054 |
| Operating lease right-of-use assets | 12,839,000 | 13,125,000 | 8,435,706 | 1,958,087 |
| Total long-term assets | 72,223,000 | 46,739,000 | 37,221,868 | 29,794,218 |
| Total assets | 281,885,000 | 273,677,000 | 286,024,366 | 121,367,851 |
| Accounts payable | 9,242,000 | 3,619,000 | 2,974,836 | 1,481,166 |
| Accrued expenses | 6,389,000 | 5,087,000 | 6,192,798 | 1,839,670 |
| Debt obligations - short term | 350,000 | 350,000 | 350,000 | 350,000 |
| Contract liabilities and deposits | 281,000 | 261,000 | 467,914 | 565,537 |
| Operating lease liabilities | 1,134,000 | 1,011,000 | 550,020 | 459,139 |
| Acquisition consideration payable | 1,685,000 | - | - | - |
| Convertible notes payable | 0 | 4,518,000 | 13,351,000 | 19,434,004 |
| Total current liabilities | 19,081,000 | 14,846,000 | 23,886,568 | 24,129,516 |
| Deferred income taxes | 443,000 | 443,000 | 694,562 | - |
| Operating lease liabilities | 12,310,000 | 12,556,000 | 8,169,367 | 1,673,213 |
| Acquisition consideration payable | 11,312,000 | - | - | - |
| Total long-term liabilities | 24,065,000 | 12,999,000 | 8,863,929 | 1,673,213 |
| Total liabilities | 43,146,000 | 27,845,000 | 32,750,497 | 25,802,729 |
| Series b preferred stock - shares authorized 4,300,000 issued and outstanding 4,676 and 4,676 | - | 0 | 47 | 47 |
| Common stock, 0.001 par value - shares authorized 500,000,000 issued and outstanding 120,070,244 and 85,215,136 | 122,000 | 120,000 | 118,162 | 98,510 |
| Additional paid-in capital | 461,990,000 | 442,532,000 | 430,319,122 | 256,613,579 |
| Accumulated deficit | -223,373,000 | -196,820,000 | -177,163,462 | -161,147,014 |
| Total stockholders equity | 238,739,000 | 245,832,000 | 253,273,869 | 95,565,122 |
| Total liabilities and stockholders equity | 281,885,000 | 273,677,000 | 286,024,366 | 121,367,851 |
Red Cat Holdings, Inc. (RCAT)
Red Cat Holdings, Inc. (RCAT)