| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenues | 15,471,000 | 26,234,369 | 9,646,392 | 3,218,577 |
| Cost of goods sold | 13,506,000 | 25,122,515 | 9,008,890 | 2,843,523 |
| Gross profit (loss) | 1,965,000 | 1,111,854 | 637,502 | 375,054 |
| Research and development | 7,972,000 | 4,891,009 | 5,968,131 | 3,598,267 |
| Equity method loss | NaN | 0* | 0 | 0 |
| Impairment loss | NaN | 0 | 0 | 0 |
| Sales and marketing | 4,577,000 | 3,618,990 | 2,984,677 | 3,187,585 |
| Investment income, net | NaN | NaN | NaN | 0 |
| General and administrative | 16,718,000 | 16,543,020 | 9,215,783 | 6,235,749 |
| Impairment on equity method investment | NaN | 0* | 0 | 0 |
| Loss on sale of equity method investment | NaN | 0* | 0 | NaN |
| Total operating expenses | 29,267,000 | 25,053,019 | 18,168,591 | 13,021,601 |
| Gain on divestiture of consumer segment | NaN | 0* | 0 | 0 |
| Operating loss | -27,302,000 | -23,941,165 | -17,531,089 | -12,646,547 |
| Convertible notes payable fair value adjustment | -867,000 | -3,994,566.5* | -1,451,996 | 3,835,621 |
| Other income, net | NaN | -175,655* | 441,770 | 0 |
| Gain on extinguishment of convertible notes payable | 326,000 | 6,473,510.5* | 2,448,328 | -4,623,335 |
| Interest income, net | 1,295,000 | 1,730,073 | 771,101 | 155,301 |
| Total other (income) expense | 754,000 | 4,033,362 | 2,209,203 | -632,413 |
| Loss before provision for income taxes | -26,548,000 | -21,296,927* | -15,321,886 | NaN |
| Provision for income taxes | 5,000 | -1,640,686* | 694,562 | NaN |
| Net loss from continuing operations | NaN | -19,656,241 | -16,016,448 | -13,278,960 |
| Loss from discontinued operations | NaN | 0 | 0 | 0 |
| Net loss | -26,553,000 | -19,656,241 | -16,016,448 | -13,278,960 |
| Change in foreign currency translation adjustments | NaN | 0* | NaN | NaN |
| Unrealized gain on marketable securities | NaN | 0* | NaN | NaN |
| Comprehensive loss | NaN | -19,656,241 | NaN | NaN |
| Basic EPS | -0.22 | -0.165 | -0.16 | -0.15 |
| Diluted EPS | -0.22 | -0.165 | -0.16 | -0.15 |
| Basic Average Shares | 120,846,000 | 119,445,966 | 99,581,172 | 91,295,342 |
| Diluted Average Shares | 120,846,000 | 119,445,966 | 99,581,172 | 91,295,342 |
Red Cat Holdings, Inc. (RCAT)
Red Cat Holdings, Inc. (RCAT)