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Red Cat Holdings vs Snail: RCAT and SNAL compared
Red Cat Holdings is the larger company: $20.2M of revenue in its latest quarter (Q2 2026) against $19.7M for Snail (Q2 2026). Red Cat Holdings is growing faster (+527% against -11% a year earlier). Snail is more profitable, with an operating margin of -13.5% against -191.4%.
Where the money goes: RCAT and SNAL
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.
Snail (SNAL) · Q2 2026
Snail, Q2 2026: revenue $19.7M (-11% year over year), operating margin -13.5%, net loss $3.0M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Red Cat Holdings (RCAT) | Snail (SNAL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $20.2M | $19.7M |
| Revenue growth, Y/Y | +527% | -11% |
| Operating margin | -191.4% | -13.5% |
| Net earnings | −$35.3M | −$3.0M |
| Net margin | -174.6% | -15.5% |
| Operating cash flow | −$46.8M | −$3.3M |
Where the revenue comes from
Red Cat Holdings
- Product: $19.7M (98%)
- Service: $477K (2%)
Snail
- Pc: $10.9M (55%)
- Console: $7.0M (36%)
- Mobile: $1.4M (7%)
- Manufactured Product, Other: $394K (2%)
Questions
Which is bigger, Red Cat Holdings or Snail?
Red Cat Holdings is the larger company: $20.2M of revenue in its latest quarter (Q2 2026) against $19.7M for Snail (Q2 2026).
Is Red Cat Holdings or Snail growing faster?
Red Cat Holdings is growing faster (+527% against -11% a year earlier).
Which is more profitable, Red Cat Holdings or Snail?
Snail is more profitable, with an operating margin of -13.5% against -191.4%.
More: Red Cat Holdings earnings · how Red Cat Holdings makes money · Snail earnings · how Snail makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.