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Side-by-side financial comparison of Red Cat Holdings, Inc. (RCAT) and RIVERVIEW BANCORP INC (RVSB). Click either name above to swap in a different company.

RIVERVIEW BANCORP INC is the larger business by last-quarter revenue ($14.0M vs $9.6M, roughly 1.5× Red Cat Holdings, Inc.). RIVERVIEW BANCORP INC runs the higher net margin — 9.8% vs -166.0%, a 175.8% gap on every dollar of revenue. On growth, Red Cat Holdings, Inc. posted the faster year-over-year revenue change (988.2% vs 10.4%). RIVERVIEW BANCORP INC produced more free cash flow last quarter ($-736.0K vs $-24.5M).

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.

Riverview Bancorp Inc. is a U.S.-based bank holding company operating Riverview Community Bank, primarily serving the Pacific Northwest region. It offers personal and commercial banking products including savings accounts, consumer loans, mortgages, commercial lending, and small business financial solutions for retail customers and local enterprises.

RCAT vs RVSB — Head-to-Head

Bigger by revenue
RVSB
RVSB
1.5× larger
RVSB
$14.0M
$9.6M
RCAT
Growing faster (revenue YoY)
RCAT
RCAT
+977.8% gap
RCAT
988.2%
10.4%
RVSB
Higher net margin
RVSB
RVSB
175.8% more per $
RVSB
9.8%
-166.0%
RCAT
More free cash flow
RVSB
RVSB
$23.8M more FCF
RVSB
$-736.0K
$-24.5M
RCAT

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
RCAT
RCAT
RVSB
RVSB
Revenue
$9.6M
$14.0M
Net Profit
$-16.0M
$1.4M
Gross Margin
6.6%
Operating Margin
-181.7%
12.4%
Net Margin
-166.0%
9.8%
Revenue YoY
988.2%
10.4%
Net Profit YoY
-29.0%
11.8%
EPS (diluted)
$-0.16
$0.07

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
RCAT
RCAT
RVSB
RVSB
Q4 25
$14.0M
Q3 25
$9.6M
$13.6M
Q2 25
$13.3M
Q1 25
$1.6M
$12.9M
Q4 24
$0
$12.7M
Q3 24
$12.8M
Q2 24
$12.2M
Q1 24
$5.8M
$9.0M
Net Profit
RCAT
RCAT
RVSB
RVSB
Q4 25
$1.4M
Q3 25
$-16.0M
$1.1M
Q2 25
$1.2M
Q1 25
$-23.1M
$1.1M
Q4 24
$-13.3M
$1.2M
Q3 24
$1.6M
Q2 24
$966.0K
Q1 24
$-5.5M
$-3.0M
Gross Margin
RCAT
RCAT
RVSB
RVSB
Q4 25
Q3 25
6.6%
Q2 25
Q1 25
-52.2%
Q4 24
Q3 24
Q2 24
Q1 24
18.8%
Operating Margin
RCAT
RCAT
RVSB
RVSB
Q4 25
12.4%
Q3 25
-181.7%
10.2%
Q2 25
11.7%
Q1 25
-765.7%
11.3%
Q4 24
12.4%
Q3 24
15.5%
Q2 24
10.0%
Q1 24
-76.0%
-47.5%
Net Margin
RCAT
RCAT
RVSB
RVSB
Q4 25
9.8%
Q3 25
-166.0%
8.1%
Q2 25
9.2%
Q1 25
-1418.9%
8.9%
Q4 24
9.7%
Q3 24
12.2%
Q2 24
7.9%
Q1 24
-93.9%
-34.7%
EPS (diluted)
RCAT
RCAT
RVSB
RVSB
Q4 25
$0.07
Q3 25
$-0.16
$0.05
Q2 25
$0.06
Q1 25
$-0.27
$0.05
Q4 24
$0.06
Q3 24
$0.07
Q2 24
$0.05
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
RCAT
RCAT
RVSB
RVSB
Cash + ST InvestmentsLiquidity on hand
$28.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$253.3M
$164.2M
Total Assets
$286.0M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RCAT
RCAT
RVSB
RVSB
Q4 25
$28.6M
Q3 25
$32.8M
Q2 25
$34.2M
Q1 25
$29.4M
Q4 24
$25.3M
Q3 24
$31.0M
Q2 24
$27.8M
Q1 24
$23.6M
Stockholders' Equity
RCAT
RCAT
RVSB
RVSB
Q4 25
$164.2M
Q3 25
$253.3M
$163.5M
Q2 25
$162.0M
Q1 25
$28.9M
$160.0M
Q4 24
$27.0M
$158.3M
Q3 24
$160.8M
Q2 24
$155.9M
Q1 24
$49.6M
$155.6M
Total Assets
RCAT
RCAT
RVSB
RVSB
Q4 25
$1.5B
Q3 25
$286.0M
$1.5B
Q2 25
$1.5B
Q1 25
$59.7M
$1.5B
Q4 24
$51.1M
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$55.3M
$1.5B

Cash Flow & Capital Efficiency

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

Metric
RCAT
RCAT
RVSB
RVSB
Operating Cash FlowLast quarter
$-23.9M
$-506.0K
Free Cash FlowOCF − Capex
$-24.5M
$-736.0K
FCF MarginFCF / Revenue
-254.2%
-5.2%
Capex IntensityCapex / Revenue
6.9%
1.6%
Cash ConversionOCF / Net Profit
-0.37×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M
$20.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RCAT
RCAT
RVSB
RVSB
Q4 25
$-506.0K
Q3 25
$-23.9M
$16.8M
Q2 25
$-697.0K
Q1 25
$-15.9M
$8.3M
Q4 24
$-10.1M
$2.2M
Q3 24
$764.0K
Q2 24
$5.4M
Q1 24
$-4.1M
$12.8M
Free Cash Flow
RCAT
RCAT
RVSB
RVSB
Q4 25
$-736.0K
Q3 25
$-24.5M
$16.4M
Q2 25
$-773.0K
Q1 25
$-16.2M
$5.6M
Q4 24
$-10.2M
$1.9M
Q3 24
$-1.4M
Q2 24
$5.3M
Q1 24
$-4.2M
$7.1M
FCF Margin
RCAT
RCAT
RVSB
RVSB
Q4 25
-5.2%
Q3 25
-254.2%
120.1%
Q2 25
-5.8%
Q1 25
-992.9%
43.1%
Q4 24
15.0%
Q3 24
-11.3%
Q2 24
43.7%
Q1 24
-71.1%
79.0%
Capex Intensity
RCAT
RCAT
RVSB
RVSB
Q4 25
1.6%
Q3 25
6.9%
2.9%
Q2 25
0.6%
Q1 25
16.8%
21.0%
Q4 24
2.4%
Q3 24
17.3%
Q2 24
0.9%
Q1 24
0.8%
62.0%
Cash Conversion
RCAT
RCAT
RVSB
RVSB
Q4 25
-0.37×
Q3 25
15.25×
Q2 25
-0.57×
Q1 25
7.20×
Q4 24
1.79×
Q3 24
0.49×
Q2 24
5.63×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RCAT
RCAT

Products$8.5M88%
Services$1.2M12%

RVSB
RVSB

Segment breakdown not available.

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