Red Cat Holdings, Inc.(RCAT)Fundamental Analysis & FinancialsNASDAQ
Valuation, growth, margins and balance sheet
Valuation Snapshot
What the multiples imply about expectations
Market value is $616.97M, which makes it a small-cap company (market value under $2B). Price-to-book is 1.31, at or below 5.
Valuation Metrics
Ratios and multiples
Financial Health
Liquidity and leverage
The company's financial health appears moderate. Moderate ROE and moderate ROA reflect reasonably efficient capital use. Debt is manageable within acceptable ranges.
Valuation Multiples
Current valuation metrics
Quarterly Earnings History
Recent quarterly financial performance and trends
| Quarter | Revenue | Net Income | Gross Profit | EPS (Basic) | EPS (Diluted) | Gross Margin | Net Margin |
|---|---|---|---|---|---|---|---|
| Jun 2026(Latest) | $20.19M | -$35.26M | $3.26M | -$0.26 | -$0.26 | 16.2% | -174.6% |
| Mar 2026 | $15.47M | -$26.55M | $1.97M | -$0.22 | -$0.22 | 12.7% | -171.6% |
| Dec 2025 | $26.23M | -$19.66M | $1.11M | -$0.17 | -$0.17 | 4.2% | -74.9% |
| Sep 2025 | $9.65M | -$16.02M | $637.50K | -$0.16 | -$0.16 | 6.6% | -166.0% |
| Jun 2025 | $3.22M | -$13.28M | $375.05K | -$0.15 | -$0.15 | 11.7% | -412.6% |
Key Insights:
- Revenue increased by 30.5% from previous quarter
- Net margin of -174.6% indicates low profitability
- EPS declined by 18.2% quarter-over-quarter
Financial Efficiency
Utilization and collections performance
Asset Turnover 0.26 indicates low efficiency. Receivables Turnover 2.74 and DSO 133.44 reflect poor collections. Working Capital Turnover 0.34 means yearly revenue is 0.34 times working capital. ROIC -38.9% highlights weak capital returns.
Efficiency Metrics
Profitability & Growth
Margins and earnings power
Efficiency Performance Matrix
4-quadrant analysis of operational efficiency vs profitability
Efficiency vs Profitability Quadrants
High Margin
Low Margin
High Margin
Low Margin
Efficiency Analysis
Asset Turnover
Receivables Turnover
Working Capital
Overall Efficiency Score
Operationally weak with structural efficiency and margin issues
⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.
• Bubble size represents ROIC magnitude
• Green (Optimal): Excellent efficiency-profitability balance
• Blue (Efficiency-Driven): High turnover, room to improve margins
• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency
• Red (Weak Operations): Areas needing improvement on both dimensions
Market Data & Share Structure
Comprehensive valuation metrics and ownership breakdown
Market Data & Capitalization
Share Statistics & Ownership
Profitability Margin Pyramid
Hierarchical view of margin compression from revenue to net income
Margin Hierarchy by Profitability Level
Margin Analysis
Total Revenue
Gross Profit
EBITDA
Net Income
Margin Quality Assessment
Thin margins indicating potential profitability challenges
• Larger circles represent higher dollar amounts
• Margin percentages show profitability at each level
• Blue: Revenue base
• Green: Gross profitability
• Yellow: Operating performance
• Red: Net profitability
Operating Cash & Liquidity
Core cash generation and short-term solvency
Cash Flow Analysis
Operating Cash Flow (TTM)
-$139.08M
Cash from core operations
Free Cash Flow (TTM)
-$157.70M
Available after capex
Financial Position & Liquidity
Current Ratio
14.86
Healthy
Quick Ratio
11.71
Strong
Net Cash
$310.68M
Net creditor
Total Cash
$325.55M
Balance sheet cash
Total Debt
$14.87M
Outstanding borrowings
Cash Conversion Cycle
Working capital efficiency measurement
Days Sales Outstanding
133.4
days to collect payment
Days Inventory Outstanding
217.0
days to turn inventory
Cash Conversion Cycle
316.9
net days of cycle
Extended cash conversion cycle may tie up working capital.
Ownership & Shareholder Sentiment
Insider, institutional, and short interest positions
Insider Ownership
8.05%
Moderate stake
Institutional Ownership
57.56%
Majority backing
Short % of Float
27.06%
Heavy bearish
Short Ratio (Days)
4.3d
days to cover
Ownership structure shows strong insider confidence and institutional majority backing.
Dividends & Shareholder Returns
Policy stance and implications
The company does not currently pay a regular dividend.
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Earnings Calendar
Track upcoming and historical corporate earnings reports.
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