Quarterly ResultAug 6, 2026, 04:40 PM
Red Cat Holdings Q2 Revenue Up 527% to $20.2M; Completes Two Acquisitions
AI Summary
Red Cat Holdings reported a significant increase in revenue for the second quarter and first six months of 2026, driven by product sales. The company completed two strategic acquisitions, Apium Swarming Technologies and Quaze Technologies, to enhance its drone technology capabilities. Despite the strong revenue growth and improved liquidity from public offerings, the net loss widened considerably during both the quarter and the six-month period.
Key Highlights
- Q2 2026 revenue increased 527% to $20.2 million from $3.2 million in Q2 2025.
- Six-month revenue increased 635% to $35.7 million from $4.8 million in the prior year.
- Q2 2026 net loss widened 165% to $35.3 million from $13.3 million in Q2 2025.
- Cash balance rose 93% to $325.6 million as of June 30, 2026, from $167.9 million.
- Acquired Apium Swarming Technologies for $19.8 million, including $13.0 million in contingent consideration.
- Acquired Quaze Technologies for $21.3 million, including $4.46 million in acquisition consideration payable.
- Raised $258.8 million in proceeds from public offerings during the six months.
- Working capital increased to $396.5 million as of June 30, 2026.
Price Impact
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