Red Cat Holdings, Inc.

Red Cat Holdings, Inc.

RCATยทNASDAQ

$13.79

-7.1%
TechnologyComputer Hardware

Red Cat Holdings, Inc., through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available. In addition, it is involved in the sales of FPV drones and equipment primarily to the consumer marketplace. Red Cat Holdings, Inc.is based in San Juan, Puerto Rico.

At a Glance

Live Snapshot
Market Cap$1.49B
EPS-0.6000
P/E Ratio-22.98
Earnings Date08/13/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -23.0).

Valuation inputs: P/E -23.0, earnings yield N/A, momentum -7.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -29.3%, ROIC -25.2%).

Profitability stack: net margin -1.8%, ROE -29.3%, ROIC -25.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +10.2%, momentum -7.1%, net margin -1.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Red Cat Holdings, Inc. Market vs Earnings Trajectory

RCAT ยท NASDAQ

Loading price and EPS data...

Red Cat Holdings, Inc.

Red Cat Holdings, Inc. Fair Value Envelope

RCAT ยท NASDAQ

Our analysis suggests that RCAT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $13.79, this represents a potential HIDDEN relative to our calculated worth for Red Cat Holdings, Inc..

Intrinsic Value
Current Price: $13.79
3Y-29.0%
5Y+22.0%
10Y-78.0%
3Y+460.0%
5Y+781.0%
10Y+38642.0%
3Y+10.0%
5Y+156.0%
10Y+9493.0%
3Y+199.0%
5Y+6271.0%
10Y+5499.0%
3Y+197.0%
5Y+6746.0%
10Y+5884.0%
3Y+464.0%
5Y+222.0%
10Y+36383.0%
Red Cat Holdings, Inc.

Red Cat Holdings, Inc. Profit Bridge

RCAT ยท NASDAQ
Revenue40.73M
Cost of Goods Sold (39.45M)
Gross Profit1.27M
Operating Expenses (67.87M)
Operating Income-66.60M
Interest Expense (0.00)
Other Income/Expense-5.04M
Pretax Income-71.63M
Income Tax (443.00K)
Net Income-72.08M
Net Income
-72.08M

Profitability Analysis

Gross Margin

3.1%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-163.5%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-177.0%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

3.13%
Gross Profit Margin
-111%
3Y-85.0%
5Y-78.0%
10Y-96.0%
-163.51%
Operating Profit Margin
-69%
3Y+63.0%
5Y-19.0%
10Y-100.0%
-176.96%
Net Profit Margin
-80%
3Y+31.0%
5Y-3.0%
10Y-100.0%
-29.32%
Return on Equity
-78%
3Y-47.0%
5Y+95.0%
10Y-13.0%
-26.34%
Return on Assets
-78%
3Y-47.0%
5Y+92.0%
10Y-118.0%
-25.16%
Return on Invested Capital
-66%
3Y-35.0%
5Y+57.0%
10Y-100.0%
RCAT

Red Cat Holdings, Inc. Cash Conversion Engine

RCAT ยท NASDAQ
Net Income-72.08M
Depreciation & Amortization2.27M
Stock-Based Compensation10.56M
Change in Working Capital-37.58M
Others8.23M
Capital Expenditures-6.65M
Free Cash Flow-95.78M

Cash Flow Quality Analysis

FCF Conversion Rate

132.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-7.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-362.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$37.58M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Red Cat Holdings, Inc. Funding & Solvency Profile

RCAT ยท NASDAQ
Cash & Cash Equivalents131.92M
Net Receivables10.57M
Inventory50.53M
Other Current Assets4.48M
Total Current Assets210 M
Property, Plant & Equipment26.98M
Goodwill & Intangible Assets44.01M
Long-Term Investments0.00
Other Non-Current Assets1.23M
Total Non-Current Assets28 M
Total Assets
281.88M

Financial Health Analysis

Current Ratio

10.99x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.18x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

191 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

74% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Red Cat Holdings, Inc. Street Expectations Map

RCAT ยท NASDAQ

Wall Street analysts project that RCAT stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 22.33, with estimates ranging from a low of 20.00 to a high of 25.00.

Lowest Target
20.00
45.03%
Consensus Target
22.33
61.93%
Highest Target
25.00
81.29%

The consensus 1-year price target stands at 22.33, with estimates ranging from a low of 20.00 to a high of 25.00.

Analyst Consensus Analysis

Upside Potential

+61.9%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

22.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Red Cat Holdings, Inc. Insider Positioning

RCAT ยท NASDAQ

During the last 12 months, insiders have sold $394K worth of RCAT shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

40.0K

393.50K

Net Activity

-394K

-$394K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
MCR

Moe Christopher R.

Director

40.0K sharesโ€ข3 transactions

$394K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $394K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

1 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

RCAT has not reported any dividend yield values in the available annual periods.

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rcat Dividend History

RCAT
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%