The Tip Desk

Red Cat Holdings, Inc.

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 04/30/24FY 04/30/23FY 04/30/22
Income Statement
Revenue$40.7—$17.8$4.6$6.4
Operating income-$66.6—-$19.3-$26.4—
Net income-$72.1—-$24.1-$28.1-$11.7
Balance Sheet
Total debt——$0.4$0.9—
Cash Flow Statement
Free cash flow-$95.8—-$18.0-$31.6-$16.4

Shares outstanding 152.7M · Free float 98.5%

Annual filing data through FY ended December 31, 2025; float as of September 20, 2026.

Coverage