Filing Flows › Red Cat Holdings (RCAT) › How it makes money
How Red Cat Holdings (RCAT) makes money
Red Cat Holdings (RCAT) made $20.2M of revenue in the second quarter 2026 (Q2 2026), +527% from a year earlier. Product brought in $19.7M (98%); Service brought in $477K (2%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $19.7M | 97.6% | +30% | +843% |
| Service | $477K | 2.4% | +83% | -58% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $20.2M | 100.0% |
| Income tax | $23K | 0.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $20.2M | +527% |
| Q1 2026 | $15.5M | +849% |
| Q4 2025 | $26.2M | — |
| Q3 2025 | $9.6M | +646% |
| Q2 2025 | $3.2M | -50% |
| Q1 2025 | $1.6M | -75% |
| Q1 2024 | $6.3M | +485% |
From Red Cat Holdings' 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does Red Cat Holdings make money?
Red Cat Holdings (RCAT) made $20.2M of revenue in the second quarter 2026 (Q2 2026), +527% from a year earlier. Product brought in $19.7M (98%); Service brought in $477K (2%).
What is Red Cat Holdings' biggest business?
Product: $19.7M in the second quarter 2026, 98% of revenue, +843% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.