Red Cat Holdings, Inc. (RCAT) Form 8-K — Aug 6, 2026
Red Cat Holdings reported Q2 2026 revenue of $20.2 million, up 527% year over year, with gross profit of $3.3 million and gross margin of 16.1%, a 39% improvement versus Q2 2025 and 27% sequentially from Q1 2026. The losses remain deep despite the growth surge: net loss widened to $35.3 million from $13.3 million a year ago, adjusted EBITDA was negative $31.8 million, and six-month operating cash burn reached $78.7 million. The company ended the quarter with $325.6 million in cash after raising roughly $258.8 million through public equity offerings in the first half of 2026, leaving the weighted average share count up about 50% year over year.
Key figures
- Revenue
- 20189000
- Guidance
- Full year 2026 target revenue reaffirmed at $150-$180 million
- Total Debt
- 892000
- Revenue Yoy
- 527% increase
- Total Assets
- 527487000
- Cash Position
- 325553000
- Gross Margin
- 16.1%
- Gross Profit Q2
- 3260000
- Cash Dec31 2025
- 167865000
- Six Month Revenue
- 35660000
- Weighted Avg Shares Q2
- 136888000
- Inventory Incl Prepaid
- 84844000
- H1 Equity Raise Proceeds
- 258750000
- Gross Margin Yoy Improvement
- 39%
- Gross Margin Sequential Improvement
- 27%
Price after filing
Close on the filing date to close N calendar days later (from $8.86). Historical, not a forecast.
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