Red Cat Holdings, Inc.
RCATIndustrialsNASDAQAerospace & Defense
Scan Results
Daily timeframePart of the industrials sector, Red Cat Holdings, Inc. (RCAT) is listed under Aerospace & Defense. Valued at $1.16B, RCAT is a small-cap name in its sector. The company designs and manufactures small and tactical unmanned aircraft systems (UAS), such as BLACK WIDOW, a short-range reconnaissance war fighter with selectable integrated AI software capabilities; TEAL 2, a blue UAS product of defense used by combat soldiers, police officers, firefighters, wildlife managers, and industrial inspectors; and FANG, a first-person view small UAS.
Market Cap
$1.16B
Beta
1.30
P/E (TTM)
—
P/E (Fwd)
-21.22
EPS (TTM)
$-0.68
EPS (Fwd)
$-0.36
ROE
-56.4%
ROA
-29.8%
Cash
$131.9M
Total Debt
$13.8M
Free CF
-$89.2M
52W Change
-32.2%
Annual Financials
Cash vs Debt
With $131.9M in cash and $13.8M in debt, RCAT maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company is burning cash, with free cash flow at -$89.2M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -56.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $6.4M (2022) to $40.7M (2025), reflecting a 534% increase over the period.
The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Red Cat Holdings, Inc. and its sector.