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Red Cat Holdings, Inc.

Red Cat Holdings, Inc.RCATEarnings & Financial Report

Nasdaq · video game industry

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.

NextMay 7, 2026

RCAT Q3 2025 Key Financial Metrics

売上高

$9.6M

粗利益

$637.5K

営業利益

$-17.5M

純利益

$-16.0M

粗利益率

6.6%

営業利益率

-181.7%

純利益率

-166.0%

前年比成長

988.2%

EPS

$-0.16

資金フロー

Red Cat Holdings, Inc. Q3 2025 Financial Summary

Red Cat Holdings, Inc. reported revenue of $9.6M (up 988.2% YoY) for Q3 2025, with a net profit of $-16.0M (down 29.0% YoY) (-166.0% margin). Cost of goods sold was $9.0M, operating expenses totaled $18.2M.

Key Financial Metrics

Total Revenue$9.6M
Net Profit$-16.0M
Gross Margin6.6%
Operating Margin-181.7%
Report PeriodQ3 2025

Revenue Breakdown

Red Cat Holdings, Inc. Q3 2025 revenue of $9.6M breaks down across 2 segments, led by Products at $8.5M (87.8% of total).

SegmentRevenue% of Total
Products$8.5M87.8%
Services$1.2M12.2%

Red Cat Holdings, Inc. Annual Revenue by Year

Red Cat Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2022 revenue was $5.0M). Click any linked year to see what changed vs the prior 10-K.

YearAnnual Revenue
2022$5.0M

Red Cat Holdings, Inc. Quarterly Revenue & Net Profit History

Red Cat Holdings, Inc. quarterly results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.

QuarterRevenueRevenue YoYNet ProfitNet Margin
Q3 2025$9.6M+988.2%$-16.0M-166.0%
Q2 2025$1.1M$-13.3M-1176.9%
Q1 2025$1.6M-72.1%$-23.1M-1418.9%
Q4 2024$0$-13.3MN/A
Q3 2024$886.4K+185.1%$-12.4M-1400.7%
Q1 2024$5.8M+250.7%$-5.5M-93.9%
Q4 2023$529.4K-29.2%$-5.8M-1103.8%
Q3 2023$310.9K-72.4%$-5.8M-1877.5%

損益計算書

Q3 2023Q4 2023Q1 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
売上高$310881$529437$5.8M$886440$0$1.6M$1.1M$9.6M
前年比成長-72.4%-29.2%250.7%185.1%N/A-72.1%N/A988.2%

貸借対照表

Q3 2023Q4 2023Q1 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
総資産$54.2M$50.6M$55.3M$38.0M$51.1M$59.7M$121.4M$286.0M
総負債$4.0M$4.8M$5.7M$5.5M$24.1M$30.7M$25.8M$32.8M
株主資本$50.1M$45.8M$49.6M$32.5M$27.0M$28.9M$95.6M$253.3M

キャッシュフロー

Q3 2023Q4 2023Q1 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
営業CF$-6.9M$-4.3M$-4.1M$-2.3M$-10.1M$-15.9M$-12.9M$-23.9M