Red Cat Holdings, Inc.RCATEarnings & Financial Report
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.
RCAT Q3 2025 Key Financial Metrics
营收
$9.6M
毛利润
$637.5K
营业利润
$-17.5M
净利润
$-16.0M
毛利率
6.6%
营业利润率
-181.7%
净利率
-166.0%
同比增长
988.2%
EPS
$-0.16
资金流向
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 Margin | 6.6% |
| Operating Margin | -181.7% |
| Report Period | Q3 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).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $8.5M | 87.8% |
| Services | $1.2M | 12.2% |
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.
| Year | Annual 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.
| Quarter | Revenue | Revenue YoY | Net Profit | Net 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 | — | $-13.3M | N/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% |
利润表
| Q3 2023 | Q4 2023 | Q1 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| 营收 | $310881 | $529437 | $5.8M | $886440 | $0 | $1.6M | $1.1M | $9.6M |
| 同比增长 | -72.4% | -29.2% | 250.7% | 185.1% | N/A | -72.1% | N/A | 988.2% |
资产负债表
| Q3 2023 | Q4 2023 | Q1 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| 总资产 | $54.2M | $50.6M | $55.3M | $38.0M | $51.1M | $59.7M | $121.4M | $286.0M |
| 总负债 | $4.0M | $4.8M | $5.7M | $5.5M | $24.1M | $30.7M | $25.8M | $32.8M |
| 股东权益 | $50.1M | $45.8M | $49.6M | $32.5M | $27.0M | $28.9M | $95.6M | $253.3M |
现金流量表
| Q3 2023 | Q4 2023 | Q1 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| 经营性现金流 | $-6.9M | $-4.3M | $-4.1M | $-2.3M | $-10.1M | $-15.9M | $-12.9M | $-23.9M |