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Red Cat Holdings vs Fdctech: RCAT and FDCT compared
Red Cat Holdings is the larger company: $20.2M of revenue in its latest quarter (Q2 2026) against $17.5M for Fdctech (Q2 2026). Red Cat Holdings is growing faster (+527% against +222% a year earlier). Fdctech is more profitable, with an operating margin of 42.3% against -191.4%.
Where the money goes: RCAT and FDCT
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.
Fdctech (FDCT) · Q2 2026
Fdctech, Q2 2026: revenue $17.5M (+222% year over year), operating margin 42.3%, net earnings $7.7M, operating cash flow −$56.9M. The chart follows the revenue to costs, profit and cash.
| Red Cat Holdings (RCAT) | Fdctech (FDCT) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $20.2M | $17.5M |
| Revenue growth, Y/Y | +527% | +222% |
| Gross margin | — | 68.0% |
| Operating margin | -191.4% | 42.3% |
| Net earnings | −$35.3M | $7.7M |
| Net margin | -174.6% | 44.1% |
| Operating cash flow | −$46.8M | −$56.9M |
Where the revenue comes from
Red Cat Holdings
- Product: $19.7M (98%)
- Service: $477K (2%)
Fdctech
- Brokerage (Trading): $14.3M (82%)
- Wealth Management: $1.8M (10%)
- Technology Service: $1.4M (8%)
Questions
Which is bigger, Red Cat Holdings or Fdctech?
Red Cat Holdings is the larger company: $20.2M of revenue in its latest quarter (Q2 2026) against $17.5M for Fdctech (Q2 2026).
Is Red Cat Holdings or Fdctech growing faster?
Red Cat Holdings is growing faster (+527% against +222% a year earlier).
Which is more profitable, Red Cat Holdings or Fdctech?
Fdctech is more profitable, with an operating margin of 42.3% against -191.4%.
More: Red Cat Holdings earnings · how Red Cat Holdings makes money · Fdctech earnings · how Fdctech makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 17, 2026). Fiscal quarters can end on different dates. Not investment advice.