Red Cat Holdings Inc (NAS:RCAT)

Q1 2026 Red Cat Holdings Inc Earnings Call Transcript

May 7, 2026 / 08:30 PM GMT

Release Date Price: $10.36 (-2.45%)

Transcript 10-Q8-K

Key Points

Positve

Red Cat Holdings Inc (RCAT) reported record quarterly revenue of $15.5 million, marking an 849% increase compared to the same period last year.
The company has successfully integrated advanced sensor technologies and improved communication systems, enhancing the capabilities of their drones.
Red Cat Holdings Inc (RCAT) has a robust inventory and prepaid inventory position of $62.7 million, demonstrating proactive supply chain management.
The Black Widow drone has been successfully deployed in multiple theaters, including Ukraine, and has been integrated with advanced systems like Anduril's Lattice platform.
The company is strategically positioned for growth with a manufacturing footprint capable of supporting over $1 billion in annual revenue.

Negative

Operating expenses increased to $29.3 million, driven by investments in personnel and infrastructure, which could impact profitability.
The company faced operational challenges due to supply chain complexities and temporary disruptions caused by a federal government shutdown.
Despite significant revenue growth, the gross margin is still below the target of 30%, indicating room for improvement in cost management.
There is uncertainty regarding the full realization of opportunities in Ukraine, which could impact future revenue projections.
The production of USVs is limited by tooling constraints, which could restrict the ability to meet demand and capitalize on market opportunities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RCAT.OQ - Red Cat Holdings Inc
Q1 2026 Red Cat Holdings Inc Earnings Call
May 07, 2026 / 08:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, thank you so much. Greetings, and welcome to the Redcat quarterly earnings. At this time, all participants are in a listen-only mode.

The question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Anke Heer, Investor Relations.

Thank you, Anke. You may begin.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Good afternoon, and welcome to Redcat's first-quarter 2026 earnings conference call. Joining us are Redcat's CEO, Jeff Thompson, COO,

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.