For the quarter ending 2025-09-30, RCAT made $9,646,392 in revenue. -$16,016,448 in net income. Net profit margin of -166.04%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 9,646,392 | 3,218,577 | 1,629,662 | - |
| Cost of goods sold | 9,008,890 | 2,843,523 | 2,480,072 | - |
| Gross profit (loss) | 637,502 | 375,054 | -850,410 | - |
| Research and development | 5,968,131 | 3,598,267 | 3,432,593 | - |
| Sales and marketing | 2,984,677 | 3,187,585 | 3,314,748 | - |
| General and administrative | 9,215,783 | 6,235,749 | 4,880,448 | - |
| Impairment loss | 0 | 0 | - | - |
| Total operating expenses | 18,168,591 | 13,021,601 | 11,627,789 | - |
| Operating loss | -17,531,089 | -12,646,547 | -12,478,199 | - |
| Convertible notes payable fair value adjustment | -1,451,996 | 3,835,621 | -10,699,677 | - |
| Gain on extinguishment of convertible notes payable | 2,448,328 | -4,623,335 | - | - |
| Interest (income) expense, net | 771,101 | 155,301 | 54,525 | - |
| Loss on sale of equity method investment and note receivable | 0 | - | - | - |
| Investment income, net | - | 0 | - | - |
| Gain on divestiture of consumer segment | 0 | 0 | - | - |
| Impairment on equity method investment | 0 | 0 | - | - |
| Equity method loss | 0 | 0 | - | - |
| Other income, net | 441,770 | 0 | - | - |
| Total other (income) expense | 2,209,203 | -632,413 | -10,645,152 | - |
| Loss from continuing operations before provision for income taxes | -15,321,886 | - | - | - |
| Provision for income taxes | 694,562 | - | - | - |
| Net loss from continuing operations | -16,016,448 | -13,278,960 | -23,123,351 | -10,903,492.75 |
| Loss from discontinued operations | 0 | 0 | - | - |
| Net loss | -16,016,448 | -13,278,960 | -23,123,351 | -8,931,488.5 |
| Change in foreign currency translation adjustments | - | - | - | 0 |
| Other comprehensive loss | - | - | - | -10,904,648 |
| Loss per share - basic (in usd per share) | -0.16 | -0.15 | -0.27 | -0.143 |
| Loss per share - diluted (in usd per share) | -0.16 | -0.15 | -0.27 | -0.143 |
| Weighted average shares outstanding - basic (in shares) | 99,581,172 | 91,295,342 | 85,505,520 | 19,259,967.25 |
| Weighted average shares outstanding - diluted (in shares) | 99,581,172 | 91,295,342 | 85,505,520 | 19,259,967.25 |
Red Cat Holdings, Inc. (RCAT)
Red Cat Holdings, Inc. (RCAT)