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Red Cat (RCAT) Financials

Red Cat logo
$6.32 -0.50 (-7.33%)
Closing price 04:00 PM Eastern
Extended Trading
$6.30 -0.02 (-0.25%)
As of 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Red Cat

Annual Income Statements for Red Cat

This table shows Red Cat's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 4/30/2024 4/30/2023 4/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-24 -28 -12
Consolidated Net Income / (Loss)
-24 -28 -12
Net Income / (Loss) Continuing Operations
-22 -26 -12
Total Pre-Tax Income
-22 -26 -12
Total Operating Income
-22 -26 -13
Total Gross Profit
3.68 -0.83 0.93
Total Revenue
18 4.62 6.43
Operating Revenue
18 4.62 6.43
Total Cost of Revenue
14 5.46 5.50
Operating Cost of Revenue
14 5.46 5.50
Total Operating Expenses
22 25 14
Selling, General & Admin Expense
11 12 6.90
Marketing Expense
4.57 3.73 1.13
Research & Development Expense
5.90 5.60 2.61
Impairment Charge
0.41 2.83 0.00
Total Other Income / (Expense), net
-3.65 -1.00 1.31
Interest Expense
0.07 0.12 0.15
Interest & Investment Income
-13 0.08 0.36
Other Income / (Expense), net
8.93 -0.97 1.11
Net Income / (Loss) Discontinued Operations
-2.53 -1.73 -
Weighted Average Basic Shares Outstanding
60.12M 53.86M 48.22M
Weighted Average Diluted Shares Outstanding
60.12M 53.86M 48.22M
Weighted Average Basic & Diluted Shares Outstanding
60.12M 53.86M 48.22M

Quarterly Income Statements for Red Cat

This table shows Red Cat's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 10/31/2024 7/31/2024 4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023 10/31/2022 7/31/2022 4/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-13 -12 -7.07 -5.49 -5.84 -5.84 -12 -5.67 -6.24 -3.81 -4.83
Consolidated Net Income / (Loss)
-13 -12 -7.07 -5.49 -5.84 -5.84 -12 -5.67 -6.24 -3.81 -4.83
Net Income / (Loss) Continuing Operations
-13 -12 -6.69 -4.19 -5.24 -5.59 -12 -5.34 -5.83 -3.59 -4.84
Total Pre-Tax Income
-13 -12 -6.69 -4.19 -5.24 -5.59 -12 -5.34 -5.83 -3.59 -4.84
Total Operating Income
-9.12 -7.73 -7.51 -4.45 -5.24 -5.59 -11 -5.18 -6.35 -3.48 -5.40
Total Gross Profit
-0.02 -0.48 1.20 1.10 1.20 0.17 -0.94 -0.10 0.12 0.08 0.33
Total Revenue
1.53 2.78 6.31 5.85 3.93 1.75 1.08 1.67 0.75 1.13 1.31
Operating Revenue
1.53 2.78 6.31 5.85 3.93 1.75 1.08 1.67 0.75 1.13 1.31
Total Cost of Revenue
1.56 3.26 5.11 4.75 2.73 1.57 2.02 1.76 0.62 1.04 0.98
Operating Cost of Revenue
1.56 3.26 5.11 4.75 2.73 1.57 2.02 1.76 0.62 1.04 0.98
Total Operating Expenses
9.09 7.24 5.06 5.55 6.09 5.51 9.41 5.09 6.47 3.56 5.71
Selling, General & Admin Expense
4.52 3.48 4.67 1.95 2.84 2.86 4.98 2.06 3.40 1.95 2.84
Marketing Expense
2.34 2.04 2.02 0.88 1.03 1.29 1.75 1.02 0.56 0.41 0.60
Research & Development Expense
2.23 1.63 0.64 2.13 2.22 1.35 2.66 1.22 1.27 0.45 1.06
Impairment Charge
0.00 0.09 - - 0.00 0.00 - - - - -
Total Other Income / (Expense), net
-4.22 -4.69 -2.83 0.26 -0.35 -0.26 -1.26 -0.15 0.52 -0.11 0.56
Interest Expense
-0.01 -0.02 0.01 0.02 0.02 0.02 0.03 0.03 0.03 0.04 0.04
Interest & Investment Income
0.00 -4.74 -12 -0.16 -0.33 -0.24 -0.21 0.07 0.09 0.13 0.24
Other Income / (Expense), net
-4.23 0.03 8.96 0.43 0.00 -0.00 -1.03 -0.19 0.46 -0.21 0.35
Net Income / (Loss) Discontinued Operations
0.00 0.00 -0.38 -1.30 -0.60 -0.24 -0.77 -0.33 -0.41 -0.22 -
Weighted Average Basic Shares Outstanding
80.16M 75.41M 60.12M 74.28M 55.61M 54.94M 53.86M 54.29M 54.08M 53.78M 48.22M
Weighted Average Diluted Shares Outstanding
80.16M 75.41M 60.12M 74.28M 55.61M 54.94M 53.86M 54.29M 54.08M 53.78M 48.22M
Weighted Average Basic & Diluted Shares Outstanding
76.18M 74.50M 60.12M 55.69M 55.61M 54.94M 53.86M 54.29M 54.08M 53.78M 48.22M

Annual Cash Flow Statements for Red Cat

This table details how cash moves in and out of Red Cat's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 4/30/2024 4/30/2023 4/30/2022
Net Change in Cash & Equivalents
-1.33 -1.37 12
Net Cash From Operating Activities
-22 -25 -16
Net Cash From Continuing Operating Activities
-18 -24 -7.46
Net Income / (Loss) Continuing Operations
-27 -30 -12
Consolidated Net Income / (Loss)
-24 -28 -12
Net Income / (Loss) Discontinued Operations
2.53 1.73 -
Depreciation Expense
0.57 0.31 0.04
Amortization Expense
0.85 0.65 0.22
Non-Cash Adjustments To Reconcile Net Income
-2.94 -1.25 0.25
Changes in Operating Assets and Liabilities, net
6.27 5.26 3.72
Net Cash From Investing Activities
14 30 -47
Net Cash From Continuing Investing Activities
14 30 -47
Purchase of Property, Plant & Equipment
-0.26 -2.70 -0.36
Divestitures
1.00 0.00 0.02
Sale and/or Maturity of Investments
13 32 11
Net Cash From Financing Activities
7.80 -1.22 66
Net Cash From Continuing Financing Activities
7.80 -1.22 66
Repayment of Debt
-0.57 -0.65 -2.90
Issuance of Debt
8.40 0.01 0.00
Other Financing Activities, net
-0.03 -0.58 -0.83
Other Net Changes in Cash
-0.88 -4.89 -
Cash Interest Paid
0.07 0.12 0.16
Cash Income Taxes Paid
0.00 0.00 0.00

Quarterly Cash Flow Statements for Red Cat

This table details how cash moves in and out of Red Cat's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 10/31/2024 7/31/2024 4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023 10/31/2022 7/31/2022 4/30/2022
Net Change in Cash & Equivalents
-5.83 -6.41 -0.04 -3.94 0.10 -0.77 6.82 -6.60 -4.62 3.02 5.53
Net Cash From Operating Activities
-13 -10 -6.47 -4.11 -4.68 -5.39 -8.05 -7.28 -5.71 -3.81 -3.98
Net Cash From Continuing Operating Activities
-10 -2.35 3.52 -14 -4.31 -6.93 0.49 -16 -5.67 -2.95 -2.50
Net Income / (Loss) Continuing Operations
-13 -12 3.10 -19 -6.44 -6.08 -0.32 -20 -5.83 -3.59 -4.83
Consolidated Net Income / (Loss)
-13 -12 7.77 -20 -5.84 -5.84 2.37 -20 -6.24 -3.81 -4.83
Depreciation Expense
0.19 0.30 0.21 0.13 0.12 0.10 0.14 0.08 0.06 0.03 0.02
Amortization Expense
0.18 0.18 0.20 0.22 0.22 0.22 0.22 0.22 0.16 0.06 0.18
Non-Cash Adjustments To Reconcile Net Income
-1.32 3.39 -3.20 -0.19 -1.53 -1.31 -0.72 -0.28 -0.40 0.15 0.12
Changes in Operating Assets and Liabilities, net
1.44 -1.87 -0.93 4.41 2.96 1.68 0.63 3.89 0.34 0.41 2.01
Net Cash From Investing Activities
-0.02 4.30 0.93 2.58 5.18 4.88 7.29 10 4.30 7.66 1.91
Net Cash From Continuing Investing Activities
-0.02 4.30 0.93 2.58 5.18 4.88 7.29 10 4.30 7.66 1.91
Purchase of Property, Plant & Equipment
-0.02 -0.10 -0.07 -0.04 -0.13 -0.01 -0.96 -0.45 -0.74 -0.54 -0.27
Net Cash From Financing Activities
7.04 -0.29 -0.16 8.25 -0.14 -0.15 -0.12 -0.16 -0.24 -0.69 -0.96
Net Cash From Continuing Financing Activities
7.04 -0.29 -0.15 8.24 -0.14 -0.15 -0.12 -0.16 -0.24 -0.69 -0.96
Repayment of Debt
-0.24 -0.15 -0.15 -0.14 -0.14 -0.14 -0.13 -0.13 -0.17 -0.22 -0.24
Other Financing Activities, net
-0.40 -0.13 -0.01 -0.00 -0.01 -0.01 0.01 -0.03 -0.09 -0.47 -0.82
Cash Interest Paid
0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.03 0.03 0.04 0.14

Annual Balance Sheets for Red Cat

This table presents Red Cat's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 4/30/2024 4/30/2023 4/30/2022
Total Assets
49 61 85
Total Current Assets
22 32 56
Cash & Equivalents
6.07 3.17 4.08
Accounts Receivable
4.36 0.72 0.50
Inventories, net
8.01 8.92 3.90
Other Current Assets
3.96 1.26 2.35
Plant, Property, & Equipment, net
2.34 2.65 0.51
Total Noncurrent Assets
24 29 29
Long-Term Investments
5.14 0.00 -
Noncurrent Note & Lease Receivables
4.00 - -
Goodwill
9.09 17 25
Intangible Assets
3.79 6.89 2.70
Other Noncurrent Operating Assets
1.77 1.90 1.08
Total Liabilities & Shareholders' Equity
49 61 85
Total Liabilities
4.97 5.98 7.16
Total Current Liabilities
3.65 4.05 5.44
Short-Term Debt
0.75 0.92 0.96
Accounts Payable
1.58 1.39 1.02
Accrued Expenses
1.07 0.41 1.08
Customer Deposits
0.05 0.16 0.44
Other Current Liabilities
0.20 0.16 1.90
Total Noncurrent Liabilities
1.32 1.93 1.72
Long-Term Debt
0.00 0.40 0.97
Other Noncurrent Operating Liabilities
1.32 1.48 0.75
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
44 55 78
Total Preferred & Common Equity
44 55 78
Total Common Equity
44 55 78
Common Stock
125 113 107
Retained Earnings
-81 -57 -27
Other Equity Adjustments
0.00 0.01 0.01

Quarterly Balance Sheets for Red Cat

This table presents Red Cat's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023
Period end date 10/31/2024 7/31/2024 1/31/2024 10/31/2023 7/31/2023 1/31/2023 10/31/2022 7/31/2022
Total Assets
51 38 55 51 54 71 75 81
Total Current Assets
21 21 28 23 27 41 45 51
Cash & Equivalents
4.61 7.73 7.70 1.41 0.94 3.89 1.58 6.25
Accounts Receivable
1.12 0.68 5.09 2.99 0.72 2.06 0.92 0.94
Inventories, net
12 10 9.09 9.26 9.38 9.29 6.56 4.58
Other Current Assets
3.02 2.59 2.80 2.84 3.02 4.55 4.45 2.69
Plant, Property, & Equipment, net
1.97 2.14 2.48 2.57 2.55 2.08 1.70 1.03
Total Noncurrent Assets
28 14 25 25 25 28 30 30
Long-Term Investments
0.00 0.00 - - - - - -
Noncurrent Note & Lease Receivables
0.00 0.00 - - - - - -
Goodwill
23 9.00 17 17 17 20 20 25
Intangible Assets
3.44 3.62 6.67 6.89 7.11 7.56 7.78 2.64
Other Noncurrent Operating Assets
1.80 1.73 0.76 0.79 0.86 1.09 0.91 0.98
Total Liabilities & Shareholders' Equity
51 38 55 51 54 71 75 81
Total Liabilities
24 5.50 5.74 4.73 4.16 6.20 5.82 6.06
Total Current Liabilities
15 4.23 5.23 4.41 3.58 5.14 4.52 4.55
Short-Term Debt
4.09 0.60 0.90 0.95 0.94 0.91 0.90 0.88
Accounts Payable
1.59 2.08 2.28 1.62 0.82 2.44 1.65 0.97
Accrued Expenses
1.43 1.30 0.94 0.64 0.45 0.39 0.54 0.47
Customer Deposits
0.22 0.05 0.05 0.06 0.05 - 0.12 0.23
Other Current Liabilities
7.34 0.20 0.58 0.70 0.85 1.17 1.31 1.99
Total Noncurrent Liabilities
9.39 1.27 0.52 0.33 0.58 1.06 1.30 1.51
Long-Term Debt
8.18 - 0.00 0.09 0.25 0.55 0.69 0.84
Other Noncurrent Operating Liabilities
1.21 1.27 0.19 0.22 0.30 0.51 0.60 0.67
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
27 32 50 46 50 65 69 75
Total Preferred & Common Equity
27 32 50 46 50 65 69 75
Preferred Stock
0.00 - - - - - - -
Total Common Equity
27 32 50 46 50 65 69 75
Common Stock
134 126 121 112 111 109 108 108
Retained Earnings
-107 -94 -72 -66 -60 -43 -38 -31

Annual Metrics And Ratios for Red Cat

This table displays calculated financial ratios and metrics derived from Red Cat's official financial filings.

Metric 2024 2023 2022
Period end date 4/30/2024 4/30/2023 4/30/2022
Growth Metrics
- - -
Revenue Growth
286.00% -28.12% 28.59%
EBITDA Growth
57.63% -126.75% -7.08%
EBIT Growth
53.92% -129.82% 0.86%
NOPAT Growth
18.39% -102.86% -166.63%
Net Income Growth
14.42% -140.45% 11.69%
EPS Growth
0.00% 0.00% 57.14%
Operating Cash Flow Growth
12.19% -55.17% -1,045.05%
Free Cash Flow Firm Growth
46.62% 29.70% -286.17%
Invested Capital Growth
-7.43% 15.45% 341.87%
Revenue Q/Q Growth
41.49% -4.80% -8.08%
EBITDA Q/Q Growth
55.43% -37.43% -18.85%
EBIT Q/Q Growth
52.35% -36.73% -9.09%
NOPAT Q/Q Growth
15.19% -29.22% -19.22%
Net Income Q/Q Growth
18.09% -36.79% -11.80%
EPS Q/Q Growth
0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
6.74% -19.59% -27.94%
Free Cash Flow Firm Q/Q Growth
21.92% 58.50% -246.23%
Invested Capital Q/Q Growth
-16.93% -14.29% 0.00%
Profitability Metrics
- - -
Gross Margin
20.64% -18.06% 14.40%
EBITDA Margin
-62.66% -570.81% -180.94%
Operating Margin
-120.69% -570.82% -202.25%
EBIT Margin
-70.64% -591.72% -185.06%
Profit (Net Income) Margin
-134.85% -608.27% -181.82%
Tax Burden Percent
111.73% 106.56% 100.00%
Interest Burden Percent
170.86% 96.47% 98.25%
Effective Tax Rate
0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-43.76% -55.33% -47.92%
ROIC Less NNEP Spread (ROIC-NNEP)
17.23% -26.08% -36.46%
Return on Net Nonoperating Assets (RNNOA)
-5.16% 12.96% 19.81%
Return on Equity (ROE)
-48.92% -42.37% -28.11%
Cash Return on Invested Capital (CROIC)
-36.04% -69.67% -174.10%
Operating Return on Assets (OROA)
-23.06% -37.50% -24.59%
Return on Assets (ROA)
-44.02% -38.55% -24.16%
Return on Common Equity (ROCE)
-48.92% -42.37% -28.11%
Return on Equity Simple (ROE_SIMPLE)
-55.21% -51.32% -15.00%
Net Operating Profit after Tax (NOPAT)
-15 -18 -9.10
NOPAT Margin
-84.48% -399.57% -141.57%
Net Nonoperating Expense Percent (NNEP)
-60.99% -29.25% -11.45%
Cost of Revenue to Revenue
79.37% 118.06% 85.60%
SG&A Expenses to Revenue
59.87% 267.99% 107.37%
R&D to Revenue
33.06% 121.09% 40.54%
Operating Expenses to Revenue
120.86% 531.02% 216.64%
Earnings before Interest and Taxes (EBIT)
-13 -27 -12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-11 -26 -12
Valuation Ratios
- - -
Price to Book Value (P/BV)
2.61 0.88 1.40
Price to Tangible Book Value (P/TBV)
3.70 1.56 2.18
Price to Revenue (P/Rev)
6.37 10.43 16.95
Price to Earnings (P/E)
0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
3.12 0.94 2.00
Enterprise Value to Revenue (EV/Rev)
5.79 7.26 9.65
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.02 0.02 0.02
Long-Term Debt to Equity
0.00 0.01 0.01
Financial Leverage
-0.30 -0.50 -0.54
Leverage Ratio
1.11 1.10 1.16
Compound Leverage Factor
1.90 1.06 1.14
Debt to Total Capital
1.70% 2.36% 2.42%
Short-Term Debt to Total Capital
1.70% 1.64% 1.20%
Long-Term Debt to Total Capital
0.00% 0.72% 1.22%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
98.30% 97.64% 97.58%
Debt to EBITDA
-0.07 -0.05 -0.17
Net Debt to EBITDA
0.94 0.56 4.04
Long-Term Debt to EBITDA
0.00 -0.02 -0.08
Debt to NOPAT
-0.05 -0.07 -0.21
Net Debt to NOPAT
0.69 0.79 5.16
Long-Term Debt to NOPAT
0.00 -0.02 -0.11
Altman Z-Score
11.35 2.67 9.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
6.13 7.94 10.23
Quick Ratio
2.86 4.13 9.08
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-12 -23 -33
Operating Cash Flow to CapEx
-8,423.28% -920.58% -4,404.68%
Free Cash Flow to Firm to Interest Expense
-180.89 -190.56 -223.86
Operating Cash Flow to Interest Expense
-318.15 -203.74 -108.44
Operating Cash Flow Less CapEx to Interest Expense
-321.93 -225.88 -110.90
Efficiency Ratios
- - -
Asset Turnover
0.33 0.06 0.13
Accounts Receivable Turnover
7.02 7.60 15.73
Inventory Turnover
1.67 0.85 2.59
Fixed Asset Turnover
7.15 2.92 0.00
Accounts Payable Turnover
9.52 4.52 5.64
Days Sales Outstanding (DSO)
51.99 48.00 23.20
Days Inventory Outstanding (DIO)
218.24 428.77 141.20
Days Payable Outstanding (DPO)
38.33 80.67 64.69
Cash Conversion Cycle (CCC)
231.90 396.10 99.70
Capital & Investment Metrics
- - -
Invested Capital
33 36 31
Invested Capital Turnover
0.52 0.14 0.34
Increase / (Decrease) in Invested Capital
-2.66 4.79 24
Enterprise Value (EV)
103 34 62
Market Capitalization
114 48 109
Book Value per Share
$0.59 $1.01 $1.45
Tangible Book Value per Share
$0.41 $0.57 $0.93
Total Capital
44 56 80
Total Debt
0.75 1.32 1.93
Total Long-Term Debt
0.00 0.40 0.97
Net Debt
-10 -15 -47
Capital Expenditures (CapEx)
0.26 2.70 0.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)
13 13 2.30
Debt-free Net Working Capital (DFNWC)
19 29 51
Net Working Capital (NWC)
19 28 50
Net Nonoperating Expense (NNE)
8.98 9.64 2.59
Net Nonoperating Obligations (NNO)
-10 -19 -47
Total Depreciation and Amortization (D&A)
1.42 0.97 0.26
Debt-free, Cash-free Net Working Capital to Revenue
75.30% 282.62% 35.71%
Debt-free Net Working Capital to Revenue
109.32% 628.61% 795.94%
Net Working Capital to Revenue
105.10% 608.66% 781.06%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 ($0.50) $0.00
Adjusted Weighted Average Basic Shares Outstanding
60.12M 55.54M 0.00
Adjusted Diluted Earnings per Share
$0.00 ($0.50) $0.00
Adjusted Weighted Average Diluted Shares Outstanding
60.12M 55.54M 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 ($0.50) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
60.12M 53.86M 0.00
Normalized Net Operating Profit after Tax (NOPAT)
-15 -16 -6.80
Normalized NOPAT Margin
-82.86% -356.75% -105.73%
Pre Tax Income Margin
-120.69% -570.82% -181.82%
Debt Service Ratios
- - -
EBIT to Interest Expense
-183.64 -224.11 -80.54
NOPAT to Interest Expense
-219.63 -151.34 -61.61
EBIT Less CapEx to Interest Expense
-187.41 -246.24 -83.00
NOPAT Less CapEx to Interest Expense
-223.41 -173.47 -64.07
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Red Cat

This table displays calculated financial ratios and metrics derived from Red Cat's official financial filings.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 10/31/2024 7/31/2024 4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023 10/31/2022 7/31/2022 4/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-60.96% 58.83% 484.76% 250.66% 425.79% 55.18% -17.77% -10.18% -59.88% -19.34% -30.11%
EBITDA Growth
-164.62% -36.89% 115.49% 27.86% 13.42% -46.50% -148.18% -92.27% -115.01% -138.72% -115.42%
EBIT Growth
-154.62% -37.57% 111.69% 25.29% 11.01% -51.78% -145.57% -101.26% -121.80% -141.70% -52.79%
NOPAT Growth
-73.83% -38.13% 33.94% 14.21% 17.42% -60.80% -110.47% -63.86% -130.09% -107.13% -63.46%
Net Income Growth
-128.18% -112.72% 42.90% 3.13% 6.42% -53.13% -156.63% -120.91% -127.85% -144.68% -34.33%
EPS Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth
-174.56% -93.36% 19.60% 43.47% 18.11% -41.33% -102.29% -109.66% -27.11% 6.34% -725.79%
Free Cash Flow Firm Growth
59.20% 188.43% 79.62% 97.27% 88.59% -119.63% 54.09% -261.79% -252.56% 154.74% -271.86%
Invested Capital Growth
-11.28% -33.67% -7.43% -4.49% 3.07% 13.37% 15.45% 0.00% 0.00% -57.37% 341.87%
Revenue Q/Q Growth
-44.73% -55.99% 7.89% 48.77% 124.86% 62.02% -35.30% 123.07% -33.64% -14.15% -29.33%
EBITDA Q/Q Growth
-79.63% -487.55% 150.90% 16.56% 7.08% 56.14% -137.00% 10.36% -57.23% 25.70% -83.61%
EBIT Q/Q Growth
-73.40% -631.28% 136.10% 15.12% 6.31% 54.84% -130.66% 8.81% -59.79% 26.94% -89.04%
NOPAT Q/Q Growth
-17.97% -2.94% -68.79% 2.46% 6.26% 50.77% -119.18% 18.37% -82.55% 35.56% -70.65%
Net Income Q/Q Growth
-7.40% -75.56% -28.86% 3.39% -0.12% 52.87% -118.58% 9.26% -63.83% 21.02% -88.16%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -80.00%
Operating Cash Flow Q/Q Growth
-23.21% -61.05% -57.32% 4.63% 13.23% 33.04% -10.62% -27.41% -49.75% 4.16% -14.65%
Free Cash Flow Firm Q/Q Growth
-126.50% 386.71% -109.57% 71.55% 42.58% 33.92% 71.91% -7.03% -198.81% 254.56% -198.98%
Invested Capital Q/Q Growth
36.97% -23.51% -16.93% 1.94% 2.41% 6.74% -14.29% 10.01% 12.65% 8.70% 0.00%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
-1.53% -17.41% 19.08% 18.84% 30.54% 9.99% -87.43% -5.81% 16.57% 7.29% 25.21%
EBITDA Margin
-845.56% -260.19% 29.54% -62.63% -124.76% -301.89% -1,115.19% -304.44% -757.62% -319.77% -369.48%
Operating Margin
-594.01% -278.31% -118.98% -76.05% -133.41% -320.02% -1,053.10% -310.86% -849.48% -308.82% -411.43%
EBIT Margin
-869.81% -277.27% 22.97% -68.63% -133.37% -320.10% -1,148.48% -322.15% -788.00% -327.27% -384.56%
Profit (Net Income) Margin
-868.86% -447.19% -112.09% -93.85% -148.66% -333.89% -1,147.83% -339.75% -835.26% -338.34% -367.77%
Tax Burden Percent
100.00% 100.00% 105.75% 131.01% 111.43% 104.34% 106.61% 106.19% 107.09% 106.11% 99.68%
Interest Burden Percent
99.89% 161.28% -461.53% 104.38% 100.03% 99.97% 93.75% 99.32% 98.98% 97.43% 95.94%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-185.63% -115.76% -43.14% -16.45% -20.43% -32.69% -102.07% -50.62% -158.12% -23.63% -97.47%
ROIC Less NNEP Spread (ROIC-NNEP)
-1,772.03% -41.81% -30.80% -2.00% -9.02% -25.45% -88.63% -33.04% -146.62% -16.66% -92.84%
Return on Net Nonoperating Assets (RNNOA)
-21.31% 9.61% 9.23% 0.58% 2.98% 10.81% 44.05% 11.79% 66.28% 4.32% 50.44%
Return on Equity (ROE)
-206.94% -106.15% -33.91% -15.88% -17.45% -21.88% -58.02% -38.83% -91.83% -19.31% -47.03%
Cash Return on Invested Capital (CROIC)
-40.29% -11.68% -36.04% -38.96% -52.79% -68.05% -69.67% -268.49% -267.88% 62.06% -174.10%
Operating Return on Assets (OROA)
-281.71% -113.58% 7.50% -13.69% -17.89% -24.84% -72.79% -22.00% -52.96% -24.52% -51.10%
Return on Assets (ROA)
-281.40% -183.18% -36.59% -18.72% -19.94% -25.91% -72.75% -23.20% -56.13% -25.36% -48.86%
Return on Common Equity (ROCE)
-206.93% -106.15% -33.91% -15.87% -17.45% -21.88% -58.02% -38.83% -91.83% -19.31% -47.03%
Return on Equity Simple (ROE_SIMPLE)
-141.05% -94.38% 0.00% -59.24% -64.81% -60.27% 0.00% -31.66% -25.20% -18.61% 0.00%
Net Operating Profit after Tax (NOPAT)
-6.38 -5.41 -5.25 -3.11 -3.67 -3.92 -7.95 -3.63 -4.45 -2.44 -3.78
NOPAT Margin
-415.81% -194.82% -83.28% -53.23% -93.39% -224.01% -737.17% -217.60% -594.63% -216.17% -288.00%
Net Nonoperating Expense Percent (NNEP)
1,586.40% -73.95% -12.34% -14.45% -11.41% -7.24% -13.44% -17.59% -11.50% -6.98% -4.63%
Return On Investment Capital (ROIC_SIMPLE)
-16.24% - - - -7.82% - - - - - -
Cost of Revenue to Revenue
101.53% 117.41% 80.92% 81.16% 69.46% 90.01% 187.43% 105.81% 83.43% 92.71% 74.79%
SG&A Expenses to Revenue
294.36% 125.45% 74.07% 33.41% 72.20% 163.82% 461.20% 123.60% 454.40% 172.98% 216.73%
R&D to Revenue
145.40% 58.58% 10.22% 36.34% 56.53% 77.43% 246.21% 73.26% 169.47% 39.94% 80.56%
Operating Expenses to Revenue
592.48% 260.90% 80.19% 94.89% 155.00% 314.97% 872.53% 305.04% 866.04% 316.11% 435.46%
Earnings before Interest and Taxes (EBIT)
-13 -7.70 1.45 -4.01 -5.24 -5.60 -12 -5.37 -5.89 -3.69 -5.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-13 -7.22 1.86 -3.66 -4.90 -5.28 -12 -5.08 -5.66 -3.60 -4.85
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
8.54 4.60 2.61 1.00 1.06 1.13 0.88 1.01 1.06 1.56 1.40
Price to Tangible Book Value (P/TBV)
369.69 7.52 3.70 1.92 2.20 2.19 1.56 1.75 1.76 2.48 2.18
Price to Revenue (P/Rev)
14.01 7.91 6.37 3.94 5.75 10.81 10.43 13.54 14.49 18.96 16.95
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
6.87 5.61 3.12 1.08 1.16 1.28 0.94 1.02 1.10 2.24 2.00
Enterprise Value to Revenue (EV/Rev)
14.48 7.54 5.79 3.41 5.39 9.34 7.26 8.77 8.28 12.26 9.65
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.16 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.45 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Long-Term Debt to Equity
0.30 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01
Financial Leverage
0.01 -0.23 -0.30 -0.29 -0.33 -0.42 -0.50 -0.36 -0.45 -0.26 -0.54
Leverage Ratio
1.40 1.12 1.11 1.10 1.09 1.08 1.10 1.10 1.08 1.08 1.16
Compound Leverage Factor
1.39 1.80 -5.13 1.15 1.09 1.08 1.03 1.09 1.07 1.05 1.12
Debt to Total Capital
31.22% 1.81% 1.70% 1.78% 2.23% 2.32% 2.36% 2.20% 2.25% 2.24% 2.42%
Short-Term Debt to Total Capital
10.41% 1.81% 1.70% 1.78% 2.03% 1.83% 1.64% 1.37% 1.26% 1.15% 1.20%
Long-Term Debt to Total Capital
20.81% 0.00% 0.00% 0.00% 0.19% 0.49% 0.72% 0.83% 0.98% 1.09% 1.22%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
68.78% 98.19% 98.30% 98.22% 97.77% 97.68% 97.64% 97.79% 97.76% 97.76% 97.58%
Debt to EBITDA
-0.58 -0.05 -0.07 -0.04 -0.04 -0.04 -0.05 -0.08 -0.09 -0.13 -0.17
Net Debt to EBITDA
-0.36 0.54 0.94 0.27 0.11 0.27 0.56 1.21 1.87 3.00 4.04
Long-Term Debt to EBITDA
-0.39 0.00 0.00 0.00 0.00 -0.01 -0.02 -0.03 -0.04 -0.06 -0.08
Debt to NOPAT
-0.64 -0.04 -0.05 -0.05 -0.05 -0.06 -0.07 -0.10 -0.12 -0.17 -0.21
Net Debt to NOPAT
-0.40 0.43 0.69 0.38 0.16 0.38 0.79 1.62 2.43 3.98 5.16
Long-Term Debt to NOPAT
-0.42 0.00 0.00 0.00 0.00 -0.01 -0.02 -0.04 -0.05 -0.08 -0.11
Altman Z-Score
2.43 13.21 12.30 3.86 4.58 6.88 3.48 5.93 7.29 11.64 9.26
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.43 5.08 6.13 5.34 5.28 7.41 7.94 7.88 9.91 11.24 10.23
Quick Ratio
0.39 1.99 2.86 2.45 1.59 2.68 4.13 5.19 7.48 9.64 9.08
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1.97 7.44 -2.60 -1.24 -4.83 -8.42 -13 -45 -42 43 -28
Operating Cash Flow to CapEx
-53,887.57% -10,429.63% -8,676.24% -9,210.64% -3,470.38% -106,678.57% -834.93% -1,599.90% -776.19% -700.03% -1,468.13%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 -224.81 -79.89 -245.42 -385.16 -506.23 -1,582.21 -1,304.51 1,201.77 -729.97
Operating Cash Flow to Interest Expense
0.00 0.00 -560.49 -265.34 -237.52 -246.67 -319.95 -253.90 -175.86 -106.90 -104.71
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 -566.95 -268.22 -244.37 -246.90 -358.27 -269.77 -198.51 -122.17 -111.84
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.32 0.41 0.33 0.20 0.13 0.08 0.06 0.07 0.07 0.07 0.13
Accounts Receivable Turnover
8.01 26.90 7.02 3.52 4.31 6.30 7.60 2.35 5.49 10.17 15.73
Inventory Turnover
1.37 1.60 1.67 1.20 1.02 0.86 0.85 0.47 0.64 1.92 2.59
Fixed Asset Turnover
7.25 8.03 7.15 5.53 3.95 2.93 2.92 2.34 2.97 0.00 0.00
Accounts Payable Turnover
9.14 10.91 9.52 4.68 4.95 6.66 4.52 1.81 2.53 4.92 5.64
Days Sales Outstanding (DSO)
45.55 13.57 51.99 103.59 84.62 57.92 48.00 155.19 66.43 35.89 23.20
Days Inventory Outstanding (DIO)
266.48 228.55 218.24 303.07 356.75 425.78 428.77 768.51 574.67 190.01 141.20
Days Payable Outstanding (DPO)
39.93 33.46 38.33 77.91 73.71 54.81 80.67 202.16 144.48 74.16 64.69
Cash Conversion Cycle (CCC)
272.10 208.66 231.90 328.76 367.67 428.89 396.10 721.53 496.61 151.74 99.70
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
35 25 33 40 39 38 36 42 38 34 31
Invested Capital Turnover
0.45 0.59 0.52 0.31 0.22 0.15 0.14 0.23 0.27 0.11 0.34
Increase / (Decrease) in Invested Capital
-4.41 -13 -2.66 -1.87 1.16 4.50 4.79 42 38 -45 24
Enterprise Value (EV)
238 142 103 43 45 49 34 43 42 76 62
Market Capitalization
231 149 114 50 48 57 48 66 73 117 109
Book Value per Share
$0.36 $0.44 $0.59 $0.67 $0.82 $0.90 $1.01 $1.19 $1.28 $1.39 $1.45
Tangible Book Value per Share
$0.01 $0.27 $0.41 $0.35 $0.39 $0.47 $0.57 $0.69 $0.77 $0.88 $0.93
Total Capital
39 33 44 50 47 51 56 66 71 77 80
Total Debt
12 0.60 0.75 0.90 1.04 1.19 1.32 1.46 1.59 1.72 1.93
Total Long-Term Debt
8.18 0.00 0.00 0.00 0.09 0.25 0.40 0.55 0.69 0.84 0.97
Net Debt
7.66 -7.13 -10 -6.80 -2.98 -7.67 -15 -23 -31 -41 -47
Capital Expenditures (CapEx)
0.02 0.10 0.07 0.04 0.13 0.01 0.96 0.45 0.74 0.54 0.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)
5.72 10 13 16 16 15 13 12 8.31 4.55 2.30
Debt-free Net Working Capital (DFNWC)
10 18 19 24 20 24 29 36 41 48 51
Net Working Capital (NWC)
6.24 17 19 23 19 23 28 35 40 47 50
Net Nonoperating Expense (NNE)
6.95 7.01 1.82 2.38 2.17 1.92 4.43 2.04 1.80 1.38 1.05
Net Nonoperating Obligations (NNO)
7.66 -7.13 -10 -9.72 -6.78 -12 -19 -23 -31 -41 -47
Total Depreciation and Amortization (D&A)
0.37 0.47 0.42 0.35 0.34 0.32 0.36 0.30 0.23 0.08 0.20
Debt-free, Cash-free Net Working Capital to Revenue
34.73% 53.57% 75.30% 126.26% 187.37% 286.54% 282.62% 240.48% 164.69% 73.88% 35.71%
Debt-free Net Working Capital to Revenue
62.73% 94.56% 109.32% 187.32% 235.13% 455.55% 628.61% 747.75% 816.77% 771.33% 795.94%
Net Working Capital to Revenue
37.89% 91.39% 105.10% 180.18% 223.81% 437.69% 608.66% 729.03% 799.02% 757.00% 781.06%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.10) ($0.12) ($0.07) ($0.09)
Adjusted Weighted Average Basic Shares Outstanding
80.16M 75.41M 60.12M 74.28M 74.16M 55.64M 53.86M 54.45M 54.32M 54.13M 48.22M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.10) ($0.12) ($0.07) ($0.09)
Adjusted Weighted Average Diluted Shares Outstanding
80.16M 75.41M 60.12M 74.28M 74.16M 55.64M 53.86M 54.45M 54.32M 54.13M 48.22M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.10) ($0.12) ($0.07) ($0.09)
Adjusted Weighted Average Basic & Diluted Shares Outstanding
76.18M 74.50M 60.12M 55.69M 55.61M 54.94M 53.86M 54.29M 54.08M 53.78M 48.22M
Normalized Net Operating Profit after Tax (NOPAT)
-6.38 -5.34 -5.25 -2.70 -3.67 -3.92 -7.95 -3.08 -3.57 -1.91 -2.93
Normalized NOPAT Margin
-415.81% -192.47% -83.28% -46.22% -93.39% -224.01% -737.17% -184.49% -477.89% -169.23% -223.44%
Pre Tax Income Margin
-868.86% -447.19% -106.00% -71.64% -133.41% -320.02% -1,076.71% -319.96% -779.95% -318.87% -368.94%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 125.47 -258.82 -266.18 -256.02 -492.43 -187.41 -181.35 -103.31 -132.76
NOPAT to Interest Expense
0.00 0.00 -454.99 -200.76 -186.38 -179.16 -316.07 -126.59 -136.85 -68.24 -99.42
EBIT Less CapEx to Interest Expense
0.00 0.00 119.01 -261.70 -273.03 -256.25 -530.75 -203.28 -204.01 -118.58 -139.89
NOPAT Less CapEx to Interest Expense
0.00 0.00 -461.45 -203.64 -193.23 -179.40 -354.39 -142.46 -159.51 -83.51 -106.55
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Red Cat's Financials

When does Red Cat's financial year end?

According to the most recent income statement we have on file, Red Cat's fiscal year ends in April. Their fiscal year 2024 ended on April 30, 2024.

How has Red Cat's net income changed over the last 2 years?

Red Cat's net income appears to be on an upward trend, with a most recent value of -$24.05 million in 2024, rising from -$11.69 million in 2022. The previous period was -$28.11 million in 2023. See where experts think Red Cat is headed by visiting Red Cat's forecast page.

What is Red Cat's operating income?
Red Cat's total operating income in 2024 was -$21.53 million, based on the following breakdown:
  • Total Gross Profit: $3.68 million
  • Total Operating Expenses: $21.56 million
How has Red Cat revenue changed over the last 2 years?

Over the last 2 years, Red Cat's total revenue changed from $6.43 million in 2022 to $17.84 million in 2024, a change of 177.4%.

How much debt does Red Cat have?

Red Cat's total liabilities were at $4.97 million at the end of 2024, a 16.8% decrease from 2023, and a 30.6% decrease since 2022.

How much cash does Red Cat have?

In the past 2 years, Red Cat's cash and equivalents has ranged from $3.17 million in 2023 to $6.07 million in 2024, and is currently $6.07 million as of their latest financial filing in 2024.

How has Red Cat's book value per share changed over the last 2 years?

Over the last 2 years, Red Cat's book value per share changed from 1.45 in 2022 to 0.59 in 2024, a change of -59.6%.



This page (NASDAQ:RCAT) was last updated on 5/27/2025 by MarketBeat.com Staff
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