NASDAQ$RCAT
Red Cat Holdings Inc · Q1 2026 earnings
Q1 2026 earnings ·
Briefing
Red Cat Holdings reported Q1 2026 revenues of $15.5M and continued net losses as drone programs scale.
Q1 2026 revenues were $15.5 million versus $1.6 million a year ago on higher product deliveries and contract momentum in unmanned systems. The company remained loss-making as R&D and scaling costs ran ahead of revenue; MD&A focuses on Teal and border-security program wins.
- Revenues $15.5M (+850% YoY on small prior base).
- Defense and commercial drone demand ramping.
- Operating losses reflect investment in production scale.
- Government contract pipeline cited in MD&A.
Headline financials
Revenue & EPS history
Red Cat Holdings Inc · Revenue · Quarterly
$15.5M
Forward guidance
Defense tech company discusses contract awards, manufacturing ramp, and funding needs without EPS guidance.
Tailwinds
- Revenue inflected sharply from prior-year quarter.
- Strategic programs with U.S. and allied customers.
Headwinds
- Continued net losses and cash burn risk.
- Execution risk on scaling manufacturing and deliveries.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-1.9%
Avg return
Earnings day
+6.4%
Avg return
5 days after
+14.0%
Avg return
30 days after
24%
6 / 25 earnings
Positive
+12.5%
Q4 2020
Best reaction
-33.3%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | +3.7% | +19.3% | |
| Q4 2025 | -11.0% | -5.4% | -25.2% | |
| Q3 2025 | -7.5% | -14.6% | +3.9% | |
| Q2 2025 | -0.2% | -4.0% | +17.0% | |
| Q1 2025 | +4.2% | +7.8% | +30.7% | |
| Q4 2024 | +4.1% | +42.3% | +35.6% | |
| Q3 2024 | +4.0% | +2.7% | +89.3% | |
| Q2 2024 | +9.4% | +12.1% | +34.4% | |
| Q1 2024 | +7.3% | +0.6% | +4.1% | |
| Q3 2023 | -10.1% | -21.7% | -29.0% | |
| Q2 2023 | -2.6% | -23.7% | +1.3% | |
| Q1 2023 | -9.8% | -24.1% | -37.1% | |
| Q3 2021 | +0.0% | -10.0% | -8.6% | |
| Q2 2021 | -6.6% | +7.1% | -5.2% | |
| Q1 2021 | -5.7% | -2.8% | +17.8% | |
| Q4 2020 | +12.5% | +6.3% | -8.7% | |
| Q3 2020 | +0.0% | +114.3% | +28.6% | |
| Q1 2019 | +0.0% | +33.3% | +100.0% | |
| Q3 2018 | -33.3% | +0.0% | -33.3% | |
| Q2 2018 | +0.0% | +0.0% | -25.0% | |
| Q1 2018 | +0.0% | -14.3% | -14.3% | |
| Q3 2017 | +0.0% | -43.3% | +166.7% | |
| Q2 2017 | +0.0% | +33.3% | -33.3% | |
| Q2 2016 | +0.0% | +60.0% | -4.0% | |
| Q1 2016 | +0.0% | +0.0% | +25.0% | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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