The table below shows Red Cat Holdings, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
-
$17.84M
$4.62M
$6.43M
$5.00M
$403.94K
Cost of revenue
-
-
-
-
-
-
Gross profit
$1.27M
$3.68M
-$834.31K
$925.51K
$1.07M
$78.56K
R&D
$17.89M
$6.27M
$5.86M
$2.61M
$516.08K
$488.99K
SG&A
RCAT annual revenue (10-K history)
Red Cat Holdings, Inc. reported annual revenue of $40.73M for fiscal year 2025. That is up 128.3% from $17.84M in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $59.40K (FY 2015) to $40.73M. Figures come from the company's audited annual reports as filed with the SEC.