RCAT
Red Cat Holdings, Inc.
NasdaqCMUSDEQUITY
Industrials
DELAYED
Last price
9.72
▲ 0.19 (1.99%)
MARKET · —
Price
Open
9.55
Prev close
9.53
Day high
10.04
Day low
9.55
Volume
8.53M
Market cap
$1.47B
P/E (TTM)
—
52W range
5.77 – 18.78
Trailing performance
Returnvs SPY
1W
-13.57%
-12.2%
1M
+19.80%
+16.1%
3M
+6.53%
+3.4%
6M
-22.85%
-33.9%
YTD
+21.31%
+9.0%
1Y
+7.01%
-13.0%
3Y
+852.48%
+778.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$1.47B
Enterprise value$1.16B
Revenue (TTM)$71.54M
Gross profit$6.97M
EBITDA$-103.98M
Net income$-97.48M
EPS (TTM)$-0.80
Free cash flow$-117.06M
Total cash$325.55M
Total debt$14.87M
Book value / share$1.96
Shares outstanding152.71M
Float138.67M
Short % of float23.21%
Dividend yield—
Beta (5Y)1.35
Valuation & profitability ratios
Trailing P/E—
Forward P/E-21.86
PEG ratio—
Price / sales—
Price / book4.91
EV / revenue16.19
EV / EBITDA-11.14
Gross margin9.75%
Operating margin-191.42%
Profit margin-136.26%
Return on equity-34.40%
Return on assets-20.69%
Debt / equity3.16
Current ratio14.86
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $40.73M | $17.84M | $9.91M | $6.43M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$72.08M | -$24.05M | -$27.09M | -$11.69M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$72.08M | -$24.05M | -$27.09M | -$11.69M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.17 | -0.23 | -34.9% |
| Mar 2026 | -0.12 | -0.22 | -88.6% |
| Dec 2025 | -0.15 | -0.17 | -13.3% |
| Sep 2025 | -0.10 | -0.16 | -60.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.18 | 1 | $40.19M | +316.7% |
| Next quarter | -0.12 | 1 | $76.28M | +190.8% |
| Current year | -0.68 | 1 | $151.78M | +272.7% |
| Next year | -0.44 | 1 | $220.72M | +45.4% |
Analyst targets & ownership
Mean target$18.33
High target$25.00
Low target$15.00
Implied upside88.61%
Analyst count6
ConsensusSTRONG BUY
Strong buy / Buy1 / 5
Hold0
Sell / Strong sell0 / 0
Held by insiders8.78%
Held by institutions58.90%
Institutions holding364
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
-470.85K
Net selling
Buy transactions
10
79.18K shares
Sell transactions
5
550.03K shares
Net transactions
+15
Buys less sells
Sell : buy shares
6.9 : 1
Heavily one-sided
Insider-held shares
13.41M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 17, 26 | THOMPSON JEFFREY M Chief Executive Officer |
SELL | 150.00K | $1.57M | Direct |
| Aug 11, 26 | LIUZZA NICHOLAS REYLAND JR Director |
SELL | 55.00K | $584.65K | Direct |
| Aug 11, 26 | MOE CHRISTOPHER R. Director |
SELL | 30.00K | $310.60K | Direct |
| Jul 15, 26 | THOMPSON JEFFREY M Chief Executive Officer |
SELL | 150.00K | $1.28M | Direct |
| Jun 11, 26 | FUNK PAUL E. II Director |
SELL | 165.03K | $1.90M | Direct |
| Apr 30, 26 | LIUZZA NICHOLAS REYLAND JR Director |
— | 7.43K | — | Direct |
| Apr 30, 26 | FREEDMAN JOSEPH DAVID Director |
— | 7.43K | — | Direct |
| Apr 30, 26 | MOE CHRISTOPHER R. Director |
— | 7.43K | — | Direct |
| Apr 30, 26 | FUNK PAUL E. II Director |
— | 7.43K | — | Direct |
| Apr 6, 26 | THOMPSON JEFFREY M Chief Executive Officer |
— | 5.29K | — | Direct |
| Mar 31, 26 | HITCHCOCK GEOFFREY WAYNE Officer |
— | 2.17K | — | Direct |
| Mar 31, 26 | ERICSON CHRISTIAN Chief Operating Officer |
— | 4.07K | — | Direct |
| Mar 31, 26 | MORRISON CHRISTIAN SPENST Chief Financial Officer |
— | 422 | — | Direct |
| Mar 17, 26 | ERICSON CHRISTIAN Chief Operating Officer |
— | 12.50K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ERICSON CHRISTIAN |
Chief Operating Officer | 28.92K | Conversion of Exercise of derivative security |
FREEDMAN JOSEPH DAVID |
Director | 342.69K | Conversion of Exercise of derivative security |
FUNK PAUL E. II |
Director | 0 | Sale |
HITCHCOCK GEOFFREY WAYNE |
Officer | 206.52K | Conversion of Exercise of derivative security |
LIUZZA NICHOLAS REYLAND JR |
Director | 489.87K | Sale |
LUNGER LEAH |
Chief Financial Officer | 328.86K | Conversion of Exercise of derivative security |
MATUS GEORGE MICHAEL |
Officer | 304.41K | Sale |
MOE CHRISTOPHER R. |
Director | 200.50K | Sale |
MORRISON CHRISTIAN SPENST |
Chief Financial Officer | 277 | Conversion of Exercise of derivative security |
THOMPSON JEFFREY M |
Chief Executive Officer | 12.61M | Sale |
Moving averages & technicals
SMA 10
10.20
-4.73% from price
SMA 20
9.13
+5.36% from price
SMA 50
9.37
+2.62% from price
SMA 100
10.58
-8.13% from price
SMA 200
10.97
-12.33% from price
EMA 12
9.74
-0.23% from price
EMA 26
9.44
+2.98% from price
EMA 50
9.64
+0.81% from price
RSI (14)
51.7
Neutral
MACD (12,26,9)
0.30
Hist 0.08
ATR (14)
0.86
8.97% of price
Realised vol 30D
91.4%
Annualised
Bollinger upper
11.61
20, 2σ
Bollinger lower
6.65
20, 2σ
50 / 200 cross
Death
9.37 vs 10.97
Trend bias
Below 200
-12.33%
Risk profile
Beta vs SPY
3.69
More volatile than market
Correlation to SPY
0.42
Loosely linked
Realised vol 30D
91.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-61.0%
Peak to trough
Max drawdown 5Y
-84.7%
Peak to trough
ATR 14
0.86
8.97% of price
Beta (reported)
1.35
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
1.20
Put-heavy session
Put / call open interest
0.54
Positioning, not flow
Max pain
10.00
+4.0% from spot
ATM implied vol
116.2%
Nearest strike to spot
Skew (10% OTM)
-10.2%
Calls bid over puts
Call volume
2.86K
Contracts, this expiry
Put volume
3.42K
Contracts, this expiry
Heaviest call OI
10.00
6.13K contracts
Heaviest put OI
10.00
4.32K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Trump’s New Drone Tariffs Give AeroVironment, Kratos and Red Cat a Policy Tailwind
Insider Monkey · 20h ago
Ondas vs. Red Cat: Which Drone Stock Is the Better Pick Now?
Zacks · 23h ago
Ondas Drops 7%, Unusual Machines Sinks 8%, Kratos Falls 5% as the Drone Trade Unwinds
24/7 Wall St. · 2d ago
Can DPRO's Expanding Drone Platform Unlock Its Next Phase of Growth?
Zacks · 2d ago
ONDS, UMAC, RCAT, KTOS Stocks In Focus: China Reportedly Presses US To Scrap Drone Tariffs As Trade Tensions Persist
Stocktwits · 2d ago
Red Cat Holdings Insider Sold Shares Worth $1,567,500, According to a Recent SEC Filing
MT Newswires · 3d ago
Insider Sells 30,000 Shares of Small Cap Stock, Up 14% Over Last Year
Motley Fool · 3d ago
Drone Stocks See Limited Losses Tuesday During Nasdaq Sell-Off: Red Cat, Ondas Flat While AeroVironment Tumbles
24/7 Wall St. · 4d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.