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Side-by-side financial comparison of Globavend Holdings Ltd (GVH) and Red Cat Holdings, Inc. (RCAT). Click either name above to swap in a different company.

Globavend Holdings Ltd is the larger business by last-quarter revenue ($13.7M vs $9.6M, roughly 1.4× Red Cat Holdings, Inc.). Globavend Holdings Ltd runs the higher net margin — 3.3% vs -166.0%, a 169.3% gap on every dollar of revenue. On growth, Red Cat Holdings, Inc. posted the faster year-over-year revenue change (988.2% vs 63.7%). Globavend Holdings Ltd produced more free cash flow last quarter ($-1.2M vs $-24.5M).

Globavend Holdings Ltd is a provider of smart unattended retail solutions, focusing on the design, supply, and operation of intelligent vending machines. It primarily serves markets across Australia, New Zealand, and Southeast Asia, offering end-to-end services including hardware manufacturing, inventory management software, and after-sales support to clients in retail, FMCG, and workplace service segments.

Mega Cat Studios is an American video game development and publishing company located in Pittsburgh, Pennsylvania. It was founded in 2015 by James Deighan, Nick Mann, and Zack Manko.

GVH vs RCAT — Head-to-Head

Bigger by revenue
GVH
GVH
1.4× larger
GVH
$13.7M
$9.6M
RCAT
Growing faster (revenue YoY)
RCAT
RCAT
+924.5% gap
RCAT
988.2%
63.7%
GVH
Higher net margin
GVH
GVH
169.3% more per $
GVH
3.3%
-166.0%
RCAT
More free cash flow
GVH
GVH
$23.3M more FCF
GVH
$-1.2M
$-24.5M
RCAT

Income Statement — Q1 FY2025 vs Q3 FY2025

Metric
GVH
GVH
RCAT
RCAT
Revenue
$13.7M
$9.6M
Net Profit
$450.3K
$-16.0M
Gross Margin
10.5%
6.6%
Operating Margin
5.8%
-181.7%
Net Margin
3.3%
-166.0%
Revenue YoY
63.7%
988.2%
Net Profit YoY
-49.9%
-29.0%
EPS (diluted)
$6.01
$-0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GVH
GVH
RCAT
RCAT
Q3 25
$9.6M
Q1 25
$13.7M
$1.6M
Q4 24
$0
Q1 24
$8.4M
$5.8M
Q2 22
$1.3M
Q1 22
$1.9M
Net Profit
GVH
GVH
RCAT
RCAT
Q3 25
$-16.0M
Q1 25
$450.3K
$-23.1M
Q4 24
$-13.3M
Q1 24
$898.8K
$-5.5M
Q2 22
$-4.8M
Q1 22
$-2.6M
Gross Margin
GVH
GVH
RCAT
RCAT
Q3 25
6.6%
Q1 25
10.5%
-52.2%
Q4 24
Q1 24
19.8%
18.8%
Q2 22
25.2%
Q1 22
18.3%
Operating Margin
GVH
GVH
RCAT
RCAT
Q3 25
-181.7%
Q1 25
5.8%
-765.7%
Q4 24
Q1 24
13.8%
-76.0%
Q2 22
Q1 22
Net Margin
GVH
GVH
RCAT
RCAT
Q3 25
-166.0%
Q1 25
3.3%
-1418.9%
Q4 24
Q1 24
10.7%
-93.9%
Q2 22
-367.8%
Q1 22
-138.1%
EPS (diluted)
GVH
GVH
RCAT
RCAT
Q3 25
$-0.16
Q1 25
$6.01
$-0.27
Q4 24
Q1 24
$12.57
Q2 22
Q1 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GVH
GVH
RCAT
RCAT
Cash + ST InvestmentsLiquidity on hand
$915.2K
Total DebtLower is stronger
Stockholders' EquityBook value
$5.7M
$253.3M
Total Assets
$6.4M
$286.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GVH
GVH
RCAT
RCAT
Q3 25
Q1 25
$915.2K
Q4 24
Q1 24
$2.5M
Q2 22
Q1 22
Stockholders' Equity
GVH
GVH
RCAT
RCAT
Q3 25
$253.3M
Q1 25
$5.7M
$28.9M
Q4 24
$27.0M
Q1 24
$4.4M
$49.6M
Q2 22
Q1 22
$83.3M
Total Assets
GVH
GVH
RCAT
RCAT
Q3 25
$286.0M
Q1 25
$6.4M
$59.7M
Q4 24
$51.1M
Q1 24
$6.0M
$55.3M
Q2 22
$85.1M
Q1 22
$90.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GVH
GVH
RCAT
RCAT
Operating Cash FlowLast quarter
$-906.3K
$-23.9M
Free Cash FlowOCF − Capex
$-1.2M
$-24.5M
FCF MarginFCF / Revenue
-8.8%
-254.2%
Capex IntensityCapex / Revenue
2.2%
6.9%
Cash ConversionOCF / Net Profit
-2.01×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GVH
GVH
RCAT
RCAT
Q3 25
$-23.9M
Q1 25
$-906.3K
$-15.9M
Q4 24
$-10.1M
Q1 24
$-256.6K
$-4.1M
Q2 22
$-4.0M
Q1 22
$-3.5M
Free Cash Flow
GVH
GVH
RCAT
RCAT
Q3 25
$-24.5M
Q1 25
$-1.2M
$-16.2M
Q4 24
$-10.2M
Q1 24
$-730.0K
$-4.2M
Q2 22
Q1 22
$-3.5M
FCF Margin
GVH
GVH
RCAT
RCAT
Q3 25
-254.2%
Q1 25
-8.8%
-992.9%
Q4 24
Q1 24
-8.7%
-71.1%
Q2 22
Q1 22
-190.3%
Capex Intensity
GVH
GVH
RCAT
RCAT
Q3 25
6.9%
Q1 25
2.2%
16.8%
Q4 24
Q1 24
5.6%
0.8%
Q2 22
Q1 22
3.4%
Cash Conversion
GVH
GVH
RCAT
RCAT
Q3 25
Q1 25
-2.01×
Q4 24
Q1 24
-0.29×
Q2 22
Q1 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GVH
GVH

Segment breakdown not available.

RCAT
RCAT

Products$8.5M88%
Services$1.2M12%

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