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Red Cat Holdings RCAT · USD

Information Technology · US listing · 🇺🇸 United States

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4.50

+11.39%

Close of 9 Nov 2026, in USD

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About Red Cat Holdings

From its filings with the US Securities and Exchange Commission

SEC filings

Red Cat Holdings is based in South Salt Lake, Utah. Its shares trade on Nasdaq under the ticker RCAT. The SEC classifies its business as prepackaged software. In the fiscal year to 31 December 2025, it reported revenue of $40.7m and a net loss of $72.1m. At that date it held total assets of $273.7m and shareholders' equity of $245.8m.

In its own words

We are a U.S.-based provider of advanced all-domain drone and robotic solutions for defense, national security, and commercial applications. We develop American-made hardware and software that supports military, government, and public safety operations across air, land, and sea. Our family of systems delivers tactical capabilities in small, unmanned aircraft systems (sUAS) and uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness.

We were originally incorporated under the laws of the State of Colorado in 1984 under the name Oravest International, Inc. In November 2016, we changed our name to TimefireVR, Inc. and re-incorporated in Nevada. In May 2019, the Company completed a share exchange agreement with Propware which resulted in the Propware shareholders acquiring an 83% ownership interest, and management control, of the Company. In connection with the share exchange agreement, we changed our name to Red Cat Holdings, Inc. (“Red Cat” or the “Company” or “we”). Following the share exchange agreement and our name change, we completed a series of acquisitions and financings which have broadened the scope of our activities in the drone industry.

Quoted from its 10-K, filed 19 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Information Technology
Industry
Electronic Equipment, Instruments & Components
Listed since
28 Oct 1994
Employees
244
Head office
2800 S WEST TEMPLE, SOUTH SALT LAKE, UT, 84115
Classification
Services-Prepackaged Software
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Mr. Jeffrey ThompsonPresident, Chief Executive Officer, Director, since 2019$307,793
  • MR. Christian EricsonChief Financial Officer
  • Mr. George MatusChief Technology Officer$1.2m
  • Mr. Geoffrey HitchcockChief Revenue Officer$5.4m
  • Mr. Joseph FreedmanIndependent Director$292,218
  • Gen. (Retd.) Paul FunkIndependent Director$228,793
  • Mr. Nicholas LiuzzaIndependent Director$237,974
  • Mr. Christopher MoeIndependent Director$287,635

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Red Cat Holdings Inc possesses several strengths that contribute to its competitive advantage in the market. Firstly, it has a strong brand image and reputation, which enhances its credibility among customers and investors. This enables the company to attract a loyal customer base and establish strategic partnerships with industry leaders. Furthermore, Red Cat Holdings Inc boasts a highly skilled and experienced workforce, enabling it to consistently deliver high-quality products and innovative solutions. The company's robust financial position and well-established distribution network also serve as key strengths, providing a solid foundation for growth and expansion.

Weaknesses

  • Despite its strengths, Red Cat Holdings Inc faces certain weaknesses that could hinder its progress. One such weakness is its limited market presence in certain geographic regions, potentially limiting its customer reach and revenue potential. Additionally, the company heavily relies on a select number of suppliers, which increases its vulnerability to supply chain disruptions or increases in raw material costs. Red Cat Holdings Inc also needs to invest more in research and development to sustain its competitive edge in the rapidly evolving drone and robotics industry.

Opportunities

  • Red Cat Holdings Inc can seize various opportunities in the market to further enhance its growth prospects. The increasing adoption of drones across sectors such as agriculture, construction, and defense presents the company with a significant opportunity to expand its customer base and revenue streams. Moreover, the growing demand for drone data analytics and software solutions opens avenues for Red Cat Holdings Inc to develop and offer innovative products in the emerging market segments. Collaborating with regulatory bodies and industry associations to shape drone regulations and standards is another opportunity that can position the company as a thought leader in the industry.

Threats

  • Red Cat Holdings Inc faces several threats that could potentially impede its growth and disrupt its operations. One major threat is intensifying competition from both established players and new entrants in the drone and robotics industry. This competition could lead to price pressures and reduced market share if the company fails to differentiate its products and maintain its competitive edge. Additionally, evolving regulations and compliance requirements, especially in the area of privacy and data security, pose a threat to Red Cat Holdings Inc's business model and operations. Lastly, economic downturns or financial instability in key markets can impact customer spending and reduce demand for the company's products and services.

Sources and methodology

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