Quarterly ResultAug 6, 2026, 04:36 PM
Red Cat Q2 Revenue +527% to $20.2M; Gross Margin +39%
AI Summary
Red Cat Holdings, Inc. reported strong financial results for Q2 2026, with total revenue increasing by 527% year-over-year to $20.2 million and gross margin improving by 39% to 16.1%. The company also highlighted several business advancements, including the completion of the Quaze Technologies acquisition, Teal Drones' progress in the Drone Dominance Program, and new contracts with the U.S. Air Force. Red Cat reaffirmed its full-year revenue guidance of $150 million to $180 million, emphasizing its strategic execution and expanding capabilities in autonomous solutions.
Key Highlights
- Total revenue for Q2 2026 was $20.2 million, an increase of 527% compared to Q2 2025.
- Gross profit for Q2 2026 was $3.3 million, an increase of $2.9 million from Q2 2025.
- Gross margin for Q2 2026 was 16.1%, representing a 39% year-over-year improvement.
- Net loss for Q2 2026 was $(35.2) million, or $(0.26) per share.
- Cash at June 30, 2026 totaled $325.6 million, compared to $167.9 million at December 31, 2025.
- Inventory and prepaid inventory totaled $84.8 million at June 30, 2026.
- Reaffirmed full-year target revenue in the range of $150 million and $180 million.
- Completed the acquisition of Quaze Technologies, adding wireless power transfer technology.
Price Impact
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