---
title: "Red Cat (RCAT.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/RCAT.US/norm.md"
symbol: "RCAT.US"
name: "Red Cat"
parent: "https://longbridge.com/en/quote/RCAT.US.md"
datetime: "2026-05-20T14:40:12.741Z"
locales:
  - [en](https://longbridge.com/en/quote/RCAT.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/RCAT.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/RCAT.US/norm.md)
---

# Red Cat (RCAT.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.2197 | -0.1646 | -0.1608 | -0.1455 | -0.2704 |
| ROE | -43.84% | -31.51% | -36.73% | -85.34% | -234.07% |
| Revenue | 15.47M | 26.23M | 9.65M | 3.22M | 1.63M |
| Net income | -26.55M | -19.66M | -16.02M | -13.28M | -23.12M |
| Operating income | -27.30M | -23.94M | -17.53M | -12.65M | -12.48M |
| Gross margin | 12.70% | 4.24% | 6.61% | 11.65% | -52.15% |
| Net margin | -171.63% | -74.93% | -166.04% | -412.57% | -1418.59% |
| Profit quality | - | - | - | - | - |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 281.88M | 273.68M | 286.02M | 121.37M | 59.66M |
| Leverage | 1.18 | 1.11 | 1.13 | 1.27 | 2.06 |
| BVPS | 1.96 | 2.05 | 2.14 | 0.9701 | 0.3376 |
| Turnover | 0.3196 | 0.2474 | - | - | - |
| Cash & STI | 131.92M | 167.87M | 206.43M | 65.93M | 7.72M |
| Inv & Rec | 50.53M | 23.45M | 30.60M | 21.00M | 17.11M |
| LT assets | 26.98M | 20.92M | 11.07M | 4.09M | 4.16M |
| Net debt | -118.13M | -149.43M | -184.01M | -44.01M | 20.09M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -31.95M | -36.48M | -23.85M | -12.90M | -15.91M |
| Investing CF | -6.78M | -5.40M | -669591.00 | -306523.00 | -273000.00 |
| Financing CF | 2.78M | 3.31M | 165.02M | 71.41M | 14.75M |
| Free CF | -28.26M | -33.81M | -18.45M | -8.65M | -11.51M |
| OCF coverage | -470.96% | -675.78% | -3562.18% | -659.18% | -5826.74% |
| Repaid & issued | - | 0.0000 | 567121.00 | 0.0000 | 15.00M |
| CapEx | -6.78M | -5.40M | -669591.00 | -306523.00 | -273000.00 |