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Red Cat Holdings (RCAT) Product revenue by quarter

Red Cat Holdings' Product revenue was $19.7M in Q2 2026 (second quarter 2026), +30% from Q1 2026. Over the last 4 quarters it ranged from $8.5M (Q3 2025) to $25.7M (Q4 2025).

Red Cat Holdings Product revenue by quarterRed Cat Holdings Product revenue by quarter$8.5MQ3 2025$25.7MQ4 2025$15.2MQ1 2026$19.7MQ2 2026
QuarterProduct revenueQ/QY/Y
Q2 2026$19.7M+30%—
Q1 2026$15.2M-41%—
Q4 2025$25.7M+203%—
Q3 2025$8.5M——

Q2 2026 at a glance

Red Cat Holdings, Q2 2026: revenue $20.2M (+527% year over year), operating margin -191.4%, net loss $35.3M, operating cash flow −$46.8M. The chart follows the revenue to costs, profit and cash.

Questions

What is Red Cat Holdings' Product revenue?

Red Cat Holdings' Product revenue was $19.7M in Q2 2026 (second quarter 2026), +30% from Q1 2026.

How has Red Cat Holdings' Product revenue changed?

Over the last 4 quarters it ranged from $8.5M (Q3 2025) to $25.7M (Q4 2025).

Q2 2026 results → · How Red Cat Holdings makes money →