Red Cat Holdings, Inc. (RCAT)Industrials | Aerospace & Defense | South Salt Lake, United States | NasdaqCM
8.49 USD
-0.79
(-8.513%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 8.52 +0.03 (0.385%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:02 a.m. EDT
The investment case here is fractured between a compelling narrative and a broken balance sheet. On the surface, the company is winning big; recent headlines confirm major contracts with NATO and the Air Force for their Black Widow drone system, justifying the recent price surge. However, the underlying business is currently bleeding cash, with negative operating margins and free cash flow that erodes shareholder value. The valuation metrics are alarming, trading at a forward P/E of -21 and a price-to-book of nearly 5x, implying the market is pricing in a complete turnaround that hasn't happened yet. While the options chain shows aggressive speculation on a potential moonshot rally, the fundamental reality is a company that is not profitable and has a history of severe long-term decline. Until the path to profitability is demonstrated with actual earnings, this remains a high-risk speculative vehicle rather than a sound investment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.100332 |
| AutoETS | 0.100364 |
| MSTL | 0.104644 |
| AutoARIMA | 0.228337 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 36% |
| H-stat | 1.11 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.443 |
| Excess Kurtosis | -0.86 |
| Attribute | Value |
|---|---|
| Sector | Industrials |
| Debt to Equity Ratio | 3.157 |
| Revenue per Share | 0.6 |
| Market Cap | 1,296,544,896 |
| Forward P/E | -19.30 |
| Beta | 1.35 |
| Profit Margins | -136.26% |
| Website | https://redcat.red |
As of Aug. 22, 2026, 5:02 a.m. EDT: Speculators are positioning for significant volatility rather than a clear directional bet. Call open interest is heavily skewed toward out-of-the-money strikes (15.0, 21.0), suggesting a speculative hope for a massive upside spike, while put open interest clusters tightly around the current price (9.0-10.0) acting as a defensive floor. This 'straddle' style positioning indicates the market expects a binary event—either a massive rally driven by contract wins or a sharp correction—but lacks conviction on which side will prevail.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.043918908 |
| Address1 | 2,800 South West Temple |
| Address2 | Suite 5 |
| All Time High | 990,000.0 |
| All Time Low | 0.0 |
| Ask | 11.1 |
| Ask Size | 1 |
| Audit Risk | 10 |
| Average Analyst Rating | 1.2 - Strong Buy |
| Average Daily Volume10 Day | 6,881,400 |
| Average Daily Volume3 Month | 10,558,009 |
| Average Volume | 10,558,009 |
| Average Volume10Days | 6,881,400 |
| Beta | 1.349 |
| Bid | 7.33 |
| Bid Size | 1 |
| Board Risk | 10 |
| Book Value | 3.086 |
| City | South Salt Lake |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.49 |
| Current Ratio | 14.857 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 9.2103 |
| Day Low | 8.45 |
| Debt To Equity | 3.157 |
| Display Name | Red Cat |
| Dividend Date | 1,564,617,600 |
| Earnings Call Timestamp End | 1,786,048,200 |
| Earnings Call Timestamp Start | 1,786,048,200 |
| Earnings Timestamp | 1,786,046,400 |
| Earnings Timestamp End | 1,793,908,800 |
| Earnings Timestamp Start | 1,793,908,800 |
| Ebitda | -103,979,000 |
| Ebitda Margins | -1.4534199 |
| Enterprise To Ebitda | -9.481 |
| Enterprise To Revenue | 13.78 |
| Enterprise Value | 985,864,960 |
| Eps Current Year | -0.68 |
| Eps Forward | -0.44 |
| Eps Trailing Twelve Months | -0.73 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 9.1235 |
| Fifty Day Average Change | -0.6335001 |
| Fifty Day Average Change Percent | -0.06943608 |
| Fifty Two Week Change Percent | -4.3918905 |
| Fifty Two Week High | 18.78 |
| Fifty Two Week High Change | -10.290001 |
| Fifty Two Week High Change Percent | -0.5479233 |
| Fifty Two Week Low | 5.77 |
| Fifty Two Week Low Change | 2.7199998 |
| Fifty Two Week Low Change Percent | 0.47140378 |
| Fifty Two Week Range | 5.77 - 18.78 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,011,191,400,000 |
| Float Shares | 138,815,828 |
| Forward Eps | -0.44 |
| Forward P E | -19.295454 |
| Free Cashflow | -117,062,464 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 244 |
| Fullday Change | -0.79 |
| Fullday Change Percent | -8.51293 |
| Fullday Price | 8.5227 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.0975 |
| Gross Profits | 6,975,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.087840006 |
| Held Percent Institutions | 0.5893 |
| Implied Shares Outstanding | 152,714,362 |
| Industry | Aerospace & Defense |
| Industry Disp | Aerospace & Defense |
| Industry Key | aerospace-defense |
| Ipo Expected Date | 2,021-04-30 |
| Ir Website | http://www.peacockfinancial.com/frameset.html |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,564,617,600 |
| Last Split Factor | 1:1200 |
| Long Business Summary | Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States. 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. It also develops and produces long-endurance, vertical takeoff, and landing fixed-wing unmanned aircraft systems designed for extended-range intelligence, surveillance, and reconnaissance missions, such as THE EDGE 130. In addition, the company develops BLUE OPS, a battle-tested uncrewed surface vessel weapons system. Further, it provides FANG FPV DRONE, part of ARACHNID family of unmanned intelligence. The company has a Partnership with Havoc to develop open-architecture autonomous maritime defense systems. Red Cat Holdings, Inc. is based in South Salt Lake, Utah. |
| Long Name | Red Cat Holdings, Inc. |
| Market | us_market |
| Market Cap | 1,296,544,896 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_558103995 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -97,485,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,417,189,279 |
| Number Of Analyst Opinions | 6 |
| Open | 9.15 |
| Operating Cashflow | -139,078,000 |
| Operating Margins | -1.91416 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Phone | 800 466 9152 |
| Post Market Change | 0.03270054 |
| Post Market Change Percent | 0.38516536 |
| Post Market Price | 8.5227 |
| Post Market Time | 1,787,961,587 |
| Previous Close | 9.28 |
| Price Eps Current Year | -12.485293 |
| Price Hint | 2 |
| Price To Book | 2.7511342 |
| Price To Sales Trailing12 Months | 18.123102 |
| Profit Margins | -1.36265 |
| Quick Ratio | 11.711 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.16667 |
| Region | US |
| Regular Market Change | -0.79 |
| Regular Market Change Percent | -8.51293 |
| Regular Market Day High | 9.2103 |
| Regular Market Day Low | 8.45 |
| Regular Market Day Range | 8.45 - 9.2103 |
| Regular Market Open | 9.15 |
| Regular Market Previous Close | 9.28 |
| Regular Market Price | 8.49 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 7,126,607 |
| Return On Assets | -0.20694 |
| Return On Equity | -0.34402 |
| Revenue Growth | 5.272 |
| Revenue Per Share | 0.6 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Industrials |
| Sector Disp | Industrials |
| Sector Key | industrials |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 152,714,362 |
| Shares Percent Shares Out | 0.1989 |
| Shares Short | 30,379,216 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 32,643,274 |
| Short Name | Red Cat Holdings, Inc. |
| Short Percent Of Float | 0.2186 |
| Short Ratio | 3.27 |
| Source Interval | 15 |
| State | UT |
| Symbol | RCAT |
| Target High Price | 25.0 |
| Target Low Price | 15.0 |
| Target Mean Price | 18.33333 |
| Target Median Price | 17.5 |
| Total Cash | 325,552,992 |
| Total Cash Per Share | 2.132 |
| Total Debt | 14,873,000 |
| Total Revenue | 71,541,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.73 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 10.96655 |
| Two Hundred Day Average Change | -2.47655 |
| Two Hundred Day Average Change Percent | -0.22582765 |
| Type Disp | Equity |
| Volume | 7,126,607 |
| Website | https://redcat.red |
| Zip | 84,115 |