RCAT

Red Cat Holdings, Inc.

7 filings tracked

technologycloud computingSMALL ($300M-2B)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

bullishMay 7

Revenue exploded by 849% year-over-year to $15.5 million.

earnings beat

90%

bullishMay 7

Gross margin improved from a 52% loss to a 13% profit.

margin expansion

60%

bullishMay 7

Convertible notes payable were fully extinguished/converted.

debt restructure

70%

bullishMay 7

Acquired Apium Swarming Technologies and pending acquisition of Quaze Technologies.

acquisition

50%

bearishMay 7

Admitted material weaknesses in internal controls over financial reporting.

management change

40%

bullishMay 7

Revenue exploded by 849% year-over-year to $15.5 million.

earnings beat

90%

bullishMay 7

Gross margin improved from a 52% loss to a 13% profit.

margin expansion

60%

bullishMay 7

Convertible notes payable were fully extinguished/converted.

debt restructure

70%

bullishMay 7

Acquired Apium Swarming Technologies and pending acquisition of Quaze Technologies.

acquisition

50%

bearishMay 7

Admitted material weaknesses in internal controls over financial reporting.

management change

40%

bullishMay 7

Revenue exploded by 849% year-over-year to $15.5 million.

earnings beat

90%

bullishMay 7

Gross margin improved from a 52% loss to a 13% profit.

margin expansion

60%

bullishMay 7

Convertible notes payable were fully extinguished/converted.

debt restructure

70%

bullishMay 7

Acquired Apium Swarming Technologies and pending acquisition of Quaze Technologies.

acquisition

50%

bearishMay 7

Admitted material weaknesses in internal controls over financial reporting.

management change

40%

bullishMay 7

Revenue exploded by 849% year-over-year to $15.5 million.

earnings beat

90%

bullishMay 7

Gross margin improved from a 52% loss to a 13% profit.

margin expansion

60%

bullishMay 7

Convertible notes payable were fully extinguished/converted.

debt restructure

70%

bullishMay 7

Acquired Apium Swarming Technologies and pending acquisition of Quaze Technologies.

acquisition

50%

bearishMay 7

Admitted material weaknesses in internal controls over financial reporting.

management change

40%

bullishMay 7

Revenue exploded by 849% year-over-year to $15.5 million.

earnings beat

90%

bullishMay 7

Gross margin improved from a 52% loss to a 13% profit.

margin expansion

60%

bullishMay 7

Convertible notes payable were fully extinguished/converted.

debt restructure

70%

bullishMay 7

Acquired Apium Swarming Technologies and pending acquisition of Quaze Technologies.

acquisition

50%

bearishMay 7

Admitted material weaknesses in internal controls over financial reporting.

management change

40%

bullishMay 7

Revenue exploded by 849% year-over-year to $15.5 million.

earnings beat

90%

bullishMay 7

Gross margin improved from a 52% loss to a 13% profit.

margin expansion

60%

bullishMay 7

Convertible notes payable were fully extinguished/converted.

debt restructure

70%

bullishMay 7

Acquired Apium Swarming Technologies and pending acquisition of Quaze Technologies.

acquisition

50%

bearishMay 7

Admitted material weaknesses in internal controls over financial reporting.

management change

40%

bullishMay 7

Revenue exploded by 849% year-over-year to $15.5 million.

earnings beat

90%

bullishMay 7

Gross margin improved from a 52% loss to a 13% profit.

margin expansion

60%

bullishMay 7

Convertible notes payable were fully extinguished/converted.

debt restructure

70%

bullishMay 7

Acquired Apium Swarming Technologies and pending acquisition of Quaze Technologies.

acquisition

50%

bearishMay 7

Admitted material weaknesses in internal controls over financial reporting.

management change

40%

Filing History

10-QMay 7, 2026

The Q1 2026 filing presents a company in a high-stakes transition. On one hand, the explosive revenue growth and the strategic pivot toward autonomous swarming technology suggest a clear path toward becoming a primary defense supplier. The elimination of convertible debt and the maintenance of a $131.9 million cash pile provide the necessary oxygen for this expansion. The shift to positive gross profit is a critical milestone that validates the commercial viability of their hardware. However, the scale of the operating losses and the admission of material internal control weaknesses create a stark contrast to the growth narrative. Investors are essentially weighing the potential of a dominant defense platform against the risks of a cash-burning operation with poor internal governance and heavy reliance on a single government program. The upcoming resolution of the Quaze acquisition and the ability to maintain the SRR program's momentum will be the primary catalysts for the stock's direction.