RED CAT HOLDINGS INC (RCAT)
Industrials · Defense Technology / Drones · NASDAQ
Red Cat Holdings is a drone technology company focused on providing small unmanned aerial systems for the defense and government sectors.
What RED CAT HOLDINGS INC does
Red Cat Holdings, Inc. is a defense technology company that specializes in the development and manufacturing of small unmanned aerial systems (UAS) and drone technology. The company operates through subsidiaries such as Teal Drones, Inc., providing hardware and software solutions primarily for military and government applications.
Themes: defense technology, unmanned aerial systems, defense hardware
Fundamentals
- Price$5.91 as of 2026-10-08 close
- Market cap$903M as of 2026-08-04 (share count; price 2026-10-08)
- 1-year return-58.8% 2025-10-08 close $14.35 → 2026-10-08 close $5.91
- P/En/a negative earnings
- Net margin-177.0% FY2025, SEC XBRL
- Gross margin+3.1% FY2025, SEC XBRL
- ROE-29.3% FY2025, SEC XBRL
- Debt / equity0.00 as of 2026-09-02
- Revenue growth (YoY)+128.3% FY2025 vs FY2024, SEC XBRL
- Revenue CAGR (3y)+457.1% SEC XBRL
- Beta2.81 as of 2026-09-02
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How RCAT compares in its sector
- net profit marginbottom 10% 417 covered Industrials peers, as of 2026-09-02
- operating marginbottom 10% 392 covered Industrials peers, as of 2026-09-02
- gross marginbottom 10% 253 covered Industrials peers, as of 2026-09-02
- return on equitybottom 10% 432 covered Industrials peers, as of 2026-09-02
- 3-year revenue CAGRtop 10% 428 covered Industrials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 417 covered Industrials peers, as of FY2025
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How RED CAT HOLDINGS INC looks technically
RED CAT HOLDINGS INC (RCAT) is trading 45.9% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 74 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 27, in oversold territory (below 30). MACD, a trend-momentum gauge, turned bearish about 1 trading day ago (its momentum flipped negative). It just made a new 20-day low, breaking below its recent trading range. It is 2.4% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 45.9% below its 200-day average, the long-term trend line — a long-term downtrend | -45.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $8.16 | $8.16 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $10.92 | $10.92 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 36 calendar days ago — the swings before that are what the structure reading is measured on | 36 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 6.705. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible downward five-wave sequence, in wave 4 (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 74 trading days ago — a "death cross", a bearish long-term signal | 74 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with sellers in control | 35.6 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 27, in oversold territory (below 30) | 26.7 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($5.83 to $7.14) — its "stochastic" reading is 6 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 6.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 1 trading day ago (its momentum flipped negative) | 1 session |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $18.78 | $18.78 |
|---|---|---|
| From the 52-week high | it is 68.5% below its 52-week high (its highest price of the past year) | -68.5% |
| Above the 52-week low | it is 2.4% above its 52-week low (its lowest price of the past year) | +2.4% |
| Below the 52-week high | it is 68.5% below its highest point of the past year | 68.5% |
| Since a 20-day breakout | it just made a new 20-day low, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day low, breaking below its recent trading range | 1 session |
| All-time high | its highest closing price on record is $990000.00 (set on 2002-03-22) | $990000.00 |
| Given back of the 52-week move | over the past year its closes ranged ($5.91 to $17.36), and it has recovered essentially none of its fall from last year’s high — 0% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $12.99 to $13.35. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 0.0% |
| From the all-time high | it is 100.0% below its all-time high | -100.0% |
| Nearest price level | it is trading 2.9% above a support level at $5.74 — a price it turned at twice since 2025-05-30, most recently on 2025-11-21. Since 2024-10-08 it has 2 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -2.9% |
| All-time low | its lowest closing price on record is $0.35 (set on 2020-03-12) | $0.35 |
| Above the all-time low | it is 1588.6% above its all-time low | +1,589% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 82% of it) | 18th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.3914 between its high and its low — about 6.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.3914 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $5.65 and $7.90 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $5.65 – $6.77 – $7.90 |
| Typical daily range (% of price) | its price moves about 6.6% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 6.6% |
| Stretch from the 200-day average | it is trading 12.8 daily ranges below its 200-day average price (45.9% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 12.8 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.83× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a doji | 1 session ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 1 session ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-10-08 1.1% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | -1.1% |
|---|---|---|
| Open gap | it gapped 2.7% below the previous close 1 session ago and has not traded back through the level it left behind at 6.34 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -2.7% |
| Gap filled | a 3.5% gap up opened on 2026-10-02 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 4 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 4 sessions in a row, a -7.66% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 4 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 33.1 percentage points (the stock lost 32.0% while the market gained 1.0%) | -33.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 39.4 percentage points (the stock lost 35.6% while the market gained 3.8%) | -39.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 72.2 percentage points (the stock lost 54.7% while the market gained 17.5%) | -72.2% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 73.8 percentage points (the stock lost 58.8% while the market gained 15.0%) | -73.8% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: its RSI momentum gauge is oversold (a beaten-down reading), near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 7 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 7 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 36% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.4% of the share price, which is taken to mean a barrier that gives way easily. | -35.6% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 51% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $12.01 — a volume-weighted average of daily closes over 193 sessions, not a true tick-by-tick VWAP. | -50.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 28% below the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is under water. That average is $8.25 — a volume-weighted average of daily closes over 45 sessions, not a true tick-by-tick VWAP. | -28.4% |
Price levels it has turned at before
RCAT last closed at $5.91 on 2026-10-08. Since 2024-10-08 it has turned at 2 prices below its last close and 10 above; the 2 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $5.74 | Support | 2.9% below the last close | turned there twice · 2025-05-30 to 2025-11-21 |
| $6.68 | Resistance | 13.0% above the last close | turned there four times · 2024-12-12 to 2026-07-29 |
| $4.59 | Support | 22.3% below the last close | turned there twice · 2025-03-11 to 2025-04-21 |
| $7.72 | Resistance | 30.7% above the last close | turned there three times · 2025-01-27 to 2025-12-31 |
| $7.92 | Resistance | 34.1% above the last close | turned there twice · 2025-04-09 to 2025-08-15 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $6.71.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
On past moves of this shape the leg has usually ended somewhere between $6.71 and $8.93 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
This reading has stood for 10 trading days, since 2026-09-25.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Oversold (14-day RSI below 30) · Near the 52-week low · Pulled back from the 12-month high · Broke down to a new 20-day low · MACD just crossed bearish (12/26/9) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$16.50 range $9.00 – $25.00; median $15.00
Analyst estimates, as of 2026-10-05. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for RCAT
- Consensus EPS estimate-$0.205 next reporting period, as of 2026-10-05
- Estimate change, 30 days-$0.025 from -$0.18, on 2026-08-30, 36-day window
- Readings revised upward0% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Ability to raise capital when needed and on acceptable terms","Dependence on government programs and potential impact of government shutdowns","Risks associated with integrating acquired businesses"]
What changed in the latest 10-Q
AI-assisted comparison of RCAT's 10-Q filed 2026-05-07 against the prior one filed 2025-11-13.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing references Annual Report on Form 10-K for year ended December 31, 2025 (vs. older filing references Transition Report on Form 10-KT for Transition Period ended December 31, 2024)
- Newer filing includes detailed quarterly comparison for three months ended March 31, 2026 vs. March 31, 2025
- Newer filing shows revenues of $15.5 million for Q1 2026 vs. $1.6 million for Q1 2025 (849% increase)
- Newer filing shows gross profit of $2.0 million (13% margin) for Q1 2026 vs. gross loss of $0.8 million (-52% margin) for Q1 2025
- Newer filing reports operating expenses of $29.3 million for Q1 2026 vs. $11.6 million for Q1 2025 (152% increase)
- Newer filing shows R&D expenses of $8.0 million for Q1 2026 vs. $3.4 million for Q1 2025 (132% increase)
- Newer filing shows sales and marketing of $4.6 million for Q1 2026 vs. $3.3 million for Q1 2025 (38% increase)
- Newer filing shows G&A expenses of $16.7 million for Q1 2026 vs. $4.9 million for Q1 2025 (243% increase)
- Newer filing reports total stock-based compensation of $4.8 million for Q1 2026 vs. $1.6 million for Q1 2025 (201% increase)
- Newer filing shows other income of $0.8 million for Q1 2026 vs. other expense of $10.6 million for Q1 2025
- Newer filing details cash flow from operating activities of negative $31.9 million for Q1 2026 vs. negative $15.9 million for Q1 2025
- Newer filing reports investing activities cash use of $6.8 million for Q1 2026 vs. $0.3 million for Q1 2025
- Newer filing shows financing activities of $2.8 million for Q1 2026 vs. $14.7 million for Q1 2025
- Removed:
- Older filing includes 'Plan of Operations' section describing primary business since April 2016, which does not appear in newer filing
- Older filing includes detailed comparison for three months ended September 30, 2025 vs. September 30, 2024 (entirely replaced by newer filing's March 2026 vs. March 2025 comparison)
- Older filing includes nine-month comparison for nine months ended September 30, 2025 vs. September 30, 2024 (not present in newer filing excerpt)
- Older filing includes cash flows section for nine months ended September 30, 2025 (truncated in newer filing, which only shows Q1 comparison)
- Reworded:
- Newer filing states SRR program deliveries to 'U.S. Army' while older filing states 'US Army' (minor formatting difference)
- Newer filing attributes gross profit increase to 'lower inventory write-offs' in Q1 2026 vs. Q1 2025, while older filing for nine-month period mentioned 'inventory write-offs occurring as we transition sales and production from the Teal 2 to the Black Widow'
- Notes:
- Older filing is a 10-Q for period ended September 30, 2025; newer filing is a 10-Q for period ended March 31, 2026. These are different reporting periods, making direct section-to-section comparison inherently limited.
- Older filing excerpt appears truncated at cash flows section, limiting full comparison of complete MD&A sections.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 6 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-040 buys · 1 sell ($1M) — 1 selling insider
- Last 90 days · read to 2026-10-040 buys · 6 sells ($5M) — 3 selling insiders
- Last 180 days · read to 2026-10-040 buys · 7 sells ($7M) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-15. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about RCAT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding RCAT as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 36,147,551
- Reported value $384,971,409
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 2 increased, 3 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about RCAT's institutional holders → See what each manager we track holds →
Short interest (FINRA)
RCAT had 37,056,400 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
RCAT had 24.3% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.62 days to cover at the same settlement.
- Reported short interest (shares) 37,056,400
- Short interest (% of shares outstanding) 24.3%
- Prior settlement (shares) 32,051,407
- Reported change 15.62%
- Days to cover (reported) 6.62
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
RED CAT HOLDINGS INC is found in…
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Frequently asked questions
What does RED CAT HOLDINGS INC (RCAT) do?
Red Cat Holdings, Inc. is a defense technology company that specializes in the development and manufacturing of small unmanned aerial systems (UAS) and drone technology. The company operates through subsidiaries such as Teal Drones, Inc., providing hardware and software solutions primarily for military and government applications.
What sector is RED CAT HOLDINGS INC (RCAT) in?
RED CAT HOLDINGS INC (RCAT) is classified in the Industrials sector. Its industry is Defense Technology / Drones. It trades on NASDAQ.
Is RED CAT HOLDINGS INC (RCAT) overbought or oversold right now?
RED CAT HOLDINGS INC (RCAT) is currently in oversold territory (its 14-day RSI is 27, below 30) (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on RCAT come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.