---
title: "Red Cat Holdings Stock Slides on Q2 Double Miss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295150476.md"
description: "Red Cat Holdings (NASDAQ:RCAT) shares fell 5.54% in after-hours trading following its Q2 earnings report, which missed analyst estimates on both revenue ($20.19M vs $22.79M expected) and EPS (-$0.26 vs -$0.22 expected). Despite a 527% year-over-year revenue increase driven by defense autonomy strategies and expanded gross margins, the company reaffirmed full-year revenue guidance of $150M-$180M and ended the quarter with $325.6M in cash."
datetime: "2026-08-06T21:36:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295150476.md)
  - [en](https://longbridge.com/en/news/295150476.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295150476.md)
generator: "portal-rs"
---

# Red Cat Holdings Stock Slides on Q2 Double Miss

**Red Cat Holdings Inc** (NASDAQ:RCAT) reported second-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the report.

-   **Red Cat Holdings stock is feeling bearish pressure. Why is RCAT stock falling?**

## **Red Cat Q2 Earnings Highlights**

Red Cat reported second-quarter revenue of $20.19 million, missing analyst estimates of $22.79 million, according to Benzinga Pro. The drone solutions company reported a second-quarter loss of 26 cents per share, missing analyst estimates for a loss of 22 cents per share.

Total revenue was up 527% on a year-over-year basis, due to continued execution of a strategy to transform Red Cat into an all-domain autonomy platform for defense. 

“Revenue increased more than fivefold year-over-year as we scaled deliveries, expanded production capacity and continued to invest in technologies that enhance our competitive position across air, land and maritime operations,” said **Jeff Thompson**, chairman and CEO of Red Cat.

“We also expanded gross margins 39% year-over-year and 27% sequentially, demonstrating the benefits of scale, production efficiencies and a more diversified product portfolio.”

Red Cat said it ended the quarter with $325.6 million in cash.  

The company reaffirmed its full-year revenue guidance of $150 million to $180 million. 

## **RCAT Shares Slip After Hours**

**RCAT Price Action:** Red Cat Holdings shares were down 5.54% in after-hours, trading at $8.20 at the time of publication on Thursday, according to Benzinga Pro.

 **Read Also: Trump Ally in Congress Discloses Investment in Private Defense Firm — And Yes, It Has Government Contracts** 

*Image: Shutterstock.com*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**