{"data":{"ticker":"RCAT","slug":"red-cat-holdings","name":"Red Cat Holdings","exchange":"NASDAQ","sector":"Industrials","headquarters":"San Juan, Puerto Rico","ceo":"Jeffrey M. Thompson","employees":244,"website":"https://redcat.red","founded":"2016","layers":[{"slug":"defense-ai","name":"Defense & Aerospace AI"},{"slug":"robotics","name":"Robotics & Automation"}],"exposure":{"score":75,"tier":"Core","rationale":"Red Cat sells small military drones with autonomous navigation and reconnaissance AI, targeting US Army programs like short-range reconnaissance. The thesis is almost entirely defense adoption of autonomous drone systems, making AI autonomy central to the story."},"quote":{"price":4.04,"change24hPct":18.65,"change7dPct":-12.74,"change30dPct":-31.64,"change1yPct":-56.47,"high52w":17.36,"low52w":3.4,"marketCap":616966016,"peRatio":null,"eps":-0.8,"volume24h":30676705},"nextEarningsDate":"2026-11-16","summary":"Red Cat Holdings makes small military drones. It sells AI-enabled reconnaissance drones to defense customers, targeting US Army programs such as short-range reconnaissance, and earns revenue from drone systems and related technology.","explainer":["Red Cat Holdings makes small military drones. It sells AI-enabled reconnaissance drones to defense customers, targeting US Army programs such as short-range reconnaissance, and earns revenue from drone systems and related technology.","Autonomy is the product. The Teal 2 AI drone flies reconnaissance missions with autonomous navigation AI, edge AI reconnaissance processes what the drone sees onboard, and AI swarm technology aims to coordinate groups of drones operating together.","Founded in 2016 and headquartered in San Juan, Puerto Rico, Red Cat trades on the NASDAQ and employs about 240 people under CEO Jeff Thompson."],"buildoutRole":"Red Cat sits in the Defense & Aerospace AI and Robotics & Automation layers, where AI autonomy meets the battlefield. Its drones exist because AI can navigate, see, and coordinate without constant human control, so the product is essentially embodied AI for defense. The thesis rests almost entirely on militaries adopting autonomous drone systems, led by US Army programs. Supercycle scores its AI exposure at 75 out of 100, among the higher defense names it tracks.","faq":[{"q":"What does Red Cat Holdings do?","a":"Red Cat makes small AI-powered military drones for defense customers. Its systems fly reconnaissance missions with autonomous navigation, targeting programs like the US Army's short-range reconnaissance effort."},{"q":"How is Red Cat exposed to AI?","a":"Deeply. Autonomous navigation, onboard reconnaissance AI, and swarm coordination are the product itself, making defense adoption of AI autonomy the whole thesis. Supercycle rates its AI Exposure Score at 75 out of 100."},{"q":"What are Red Cat's main products?","a":"The Teal 2 AI drone for military reconnaissance, autonomous navigation AI, edge AI reconnaissance that processes imagery onboard the drone, and AI swarm technology for coordinating multiple drones."},{"q":"Is RCAT a pure play AI stock?","a":"Close. Its drones are built around AI autonomy and it has little business beyond them, though the buyer is defense budgets rather than AI infrastructure. Its AI Exposure Score is 75 out of 100."},{"q":"Where is Red Cat based and who leads it?","a":"Red Cat is headquartered in San Juan, Puerto Rico, and led by CEO Jeff Thompson. Founded in 2016, the company employs about 240 people and its shares trade on the NASDAQ."}],"history1y":[{"date":"2026-09-28","close":6.5},{"date":"2026-09-29","close":6.45},{"date":"2026-09-30","close":6.46},{"date":"2026-10-01","close":6.33},{"date":"2026-10-02","close":6.4},{"date":"2026-10-05","close":6.34},{"date":"2026-10-06","close":6.34},{"date":"2026-10-07","close":6.15},{"date":"2026-10-08","close":5.91},{"date":"2026-10-09","close":5.77},{"date":"2026-10-12","close":5.39},{"date":"2026-10-13","close":5.18},{"date":"2026-10-14","close":4.73},{"date":"2026-10-15","close":4.9},{"date":"2026-10-16","close":4.72},{"date":"2026-10-19","close":4.68},{"date":"2026-10-20","close":4.52},{"date":"2026-10-21","close":4.58},{"date":"2026-10-22","close":4.37},{"date":"2026-10-23","close":4.43},{"date":"2026-10-26","close":4.4},{"date":"2026-10-27","close":4.87},{"date":"2026-10-28","close":4.91},{"date":"2026-10-29","close":5.05},{"date":"2026-10-30","close":4.63},{"date":"2026-11-02","close":4.45},{"date":"2026-11-03","close":4.46},{"date":"2026-11-04","close":4},{"date":"2026-11-05","close":3.4},{"date":"2026-11-06","close":4.04}],"incomeStatements":[{"ticker":"RCAT","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":40729000,"cost_of_revenue":39455000,"gross_profit":1274000,"operating_expense":0,"operating_income":-66597000,"net_income":-72075000,"earnings_per_share":-0.73,"earnings_per_share_diluted":-0.73,"research_and_development":17890000,"selling_general_and_administrative_expenses":49981000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"RCAT","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":17836000,"cost_of_revenue":14155000,"gross_profit":3681000,"operating_expense":0,"operating_income":-18886000,"net_income":-24053000,"earnings_per_share":-0.4,"earnings_per_share_diluted":-0.4,"research_and_development":6266000,"selling_general_and_administrative_expenses":16301000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"RCAT","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":4620834,"cost_of_revenue":5455145,"gross_profit":-834311,"operating_expense":0,"operating_income":-23510910,"net_income":-28107029,"earnings_per_share":-0.52,"earnings_per_share_diluted":-0.52,"research_and_development":5860189,"selling_general_and_administrative_expenses":16816410,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"RCAT","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":6428963,"cost_of_revenue":5503448,"gross_profit":925515,"operating_expense":0,"operating_income":-13002286,"net_income":-11689128,"earnings_per_share":-0.24,"earnings_per_share_diluted":-0.24,"research_and_development":2606141,"selling_general_and_administrative_expenses":9967756,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"RCAT","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":273677000,"current_assets":226938000,"cash_and_equivalents":167865000,"total_liabilities":27845000,"current_liabilities":14846000,"total_debt":18435000,"shareholders_equity":245832000,"retained_earnings":-196820000},{"ticker":"RCAT","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":55604000,"current_assets":25798000,"cash_and_equivalents":9154000,"total_liabilities":5485000,"current_liabilities":4179000,"total_debt":1968000,"shareholders_equity":50119000,"retained_earnings":-124745000},{"ticker":"RCAT","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":48537612,"current_assets":22397549,"cash_and_equivalents":6067169,"total_liabilities":4973082,"current_liabilities":3651130,"total_debt":2269160,"shareholders_equity":43564530,"retained_earnings":-81130732},{"ticker":"RCAT","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":60743328,"current_assets":32175012,"cash_and_equivalents":3173649,"total_liabilities":5975387,"current_liabilities":4050037,"total_debt":2965097,"shareholders_equity":54767941,"retained_earnings":-57078103}],"holders13f":[],"news":[{"title":"20 Hedge Funds Back This Defeated Robotics Stock: Time to Buy the Dip?","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/20-hedge-funds-back-defeated-154807775.html?.tsrc=rss","date":"2026-11-03"},{"title":"Red Cat Announces Strategic Partnership with Sine Engineering to Strengthen Resilient Communications and Navigation Across Air and Maritime Systems","source":null,"url":"https://finance.yahoo.com/technology/articles/red-cat-announces-strategic-partnership-144500709.html?.tsrc=rss","date":"2026-11-02"},{"title":"Drone Stocks Rally as High-Beta Small Caps Lead: Red Cat Jumps 10%, Ondas Climbs 8%, AeroVironment Ticks Up","source":null,"url":"https://247wallst.com/investing/2026/10/27/drone-stocks-rally-as-high-beta-small-caps-lead-red-cat-jumps-10-ondas-climbs-8-aerovironment-ticks-up/?.tsrc=rss","date":"2026-10-27"},{"title":"Red Cat Announces Third Quarter 2026 Earnings Release Date and Participation in Upcoming Investor Conferences","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/red-cat-announces-third-quarter-130000263.html?.tsrc=rss","date":"2026-10-26"},{"title":"Blue Ops Introduces B-Series Maritime Portfolio with Production-Ready B-18 and B-39 Uncrewed Surface Vessels","source":null,"url":"https://finance.yahoo.com/technology/articles/blue-ops-introduces-b-series-163000729.html?.tsrc=rss","date":"2026-10-22"},{"title":"Red Cat Jumps 8% on Cash Offer for Steyr Motors; AeroVironment and Kratos Edge Higher","source":null,"url":"https://247wallst.com/investing/2026/10/19/red-cat-jumps-8-on-cash-offer-for-steyr-motors-aerovironment-and-kratos-edge-higher/?.tsrc=rss","date":"2026-10-19"},{"title":"INTC, EVAX, RCAT Stocks Move Higher Premarket — What’s Driving The Rally?","source":null,"url":"https://stocktwits.com/news-articles/markets/equity/intc-evax-rcat-stocks-move-higher-premarket-what-s-driving-the-rally/cZx8lWQRBMi?.tsrc=rss","date":"2026-10-19"},{"title":"Steyr Motors stock soars 20% on Red Cat tender offer","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/steyr-motors-stock-surges-20-071935708.html?.tsrc=rss","date":"2026-10-19"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:41.064Z","tier":"free","source":"https://supercyclehq.com/stock/red-cat-holdings","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/RCAT","html":"https://supercyclehq.com/stock/red-cat-holdings","md":"https://supercyclehq.com/stock/red-cat-holdings.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}