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Netsol Technologies vs Red Cat Holdings: NTWK and RCAT compared
Netsol Technologies is the larger company: $20.7M of revenue in its latest quarter (Q4 FY26) against $20.2M for Red Cat Holdings (Q2 2026). Red Cat Holdings is growing faster (+527% against +6% a year earlier). Netsol Technologies is more profitable, with an operating margin of 21.6% against -191.4%.
Where the money goes: NTWK and RCAT
Netsol Technologies (NTWK) · Q4 FY26
Netsol Technologies, Q4 FY26: revenue $20.7M (+6% year over year), operating margin 21.6%, net earnings $3.8M, operating cash flow $14.7M. The chart follows the revenue to costs, profit and cash.
Red Cat Holdings (RCAT) · Q2 2026
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.
| Netsol Technologies (NTWK) | Red Cat Holdings (RCAT) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 2026 |
| Revenue | $20.7M | $20.2M |
| Revenue growth, Y/Y | +6% | +527% |
| Gross margin | 63.6% | — |
| Operating margin | 21.6% | -191.4% |
| Net earnings | $3.8M | −$35.3M |
| Net margin | 18.1% | -174.6% |
| Operating cash flow | $14.7M | −$46.8M |
| Free cash flow | $14.0M | — |
Where the revenue comes from
Netsol Technologies
- Service: $11.7M (57%)
- Subscription and Support: $8.9M (43%)
- License: $36K (0%)
Red Cat Holdings
- Product: $19.7M (98%)
- Service: $477K (2%)
Questions
Which is bigger, Netsol Technologies or Red Cat Holdings?
Netsol Technologies is the larger company: $20.7M of revenue in its latest quarter (Q4 FY26) against $20.2M for Red Cat Holdings (Q2 2026).
Is Netsol Technologies or Red Cat Holdings growing faster?
Red Cat Holdings is growing faster (+527% against +6% a year earlier).
Which is more profitable, Netsol Technologies or Red Cat Holdings?
Netsol Technologies is more profitable, with an operating margin of 21.6% against -191.4%.
More: Netsol Technologies earnings · how Netsol Technologies makes money · Red Cat Holdings earnings · how Red Cat Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 28, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.