Red Cat Holdings annual operating expenses
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Red Cat Holdings Operating Expenses Growth & History (RCAT)
Red Cat Holdings's operating expenses was $67.9M for fiscal 2025.
View full Red Cat Holdings company overviewRed Cat Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $67.9M | $43.4M | +177.19% |
| 2024 · Dec 31 | 2024-12-31 | $24.5M | — | — |
| 2024 · Apr 30 | 2024-04-30 | $23.0M | −$2.5M | −9.89% |
| 2023 | 2023-04-30 | $25.5M | $11.6M | +83.11% |
| 2022 | 2022-04-30 | $13.9M | $8.0M | +134.23% |
| 2021 | 2021-04-30 | $5.9M | $4.2M | +248.04% |
| 2020 | 2020-04-30 | $1.7M | $957,189 | +127.40% |
| 2019 | 2019-04-30 | $751,332 | — | — |
| 2018 | 2018-12-31 | $1.8M | $741,603 | +67.90% |
| 2017 | 2017-12-31 | $1.1M | −$563,734 | −34.04% |
| 2016 | 2016-12-31 | $1.7M | $1.4M | +565.91% |
| 2015 | 2015-12-31 | $248,673 | −$168,330 | −40.37% |
| 2014 | 2014-12-31 | $417,003 | $380,460 | +1041.13% |
| 2013 | 2013-12-31 | $36,543 | −$94,293 | −72.07% |
| 2012 | 2012-12-31 | $130,836 | $38,500 | +41.70% |
| 2011 | 2011-12-31 | $92,336 | — | — |
Red Cat Holdings quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $41.9M | $28.9M | +221.80% |
| Q1 2026 | 2026-03-31 | $29.3M | $17.6M | +151.69% |
| Q4 2025 | 2025-12-31 | $25.1M | — | — |
| Q3 2025 | 2025-09-30 | $18.2M | $10.1M | +125.70% |
| Q2 2025 · Jun 30 | 2025-06-30 | $13.0M | $7.4M | +130.73% |
| Q1 2025 · Mar 31 | 2025-03-31 | $11.6M | $4.5M | +62.30% |
| Q2 2025 · Oct 31 | 2024-10-31 | $9.1M | $3.0M | +49.24% |
| Q2 2025 · Sep 30 | 2024-09-30 | $8.0M | — | — |
| Q1 2025 · Jul 31 | 2024-07-31 | $7.2M | $1.7M | +31.57% |
| Q1 2025 · Jun 30 | 2024-06-30 | $5.6M | — | — |
| Q1 2025 · Mar 31 | 2024-03-31 | $7.2M | — | — |
| Q3 2024 | 2024-01-31 | $5.5M | $461,823 | +9.08% |
| Q2 2024 | 2023-10-31 | $6.1M | −$381,778 | −5.90% |
| Q1 2024 | 2023-07-31 | $5.5M | $1.9M | +54.62% |
| Q4 2023 | 2023-04-30 | $10.4M | $4.7M | +81.18% |
| Q3 2023 | 2023-01-31 | $5.1M | $1.6M | +45.20% |
| Q2 2023 | 2022-10-31 | $6.5M | $3.6M | +122.29% |
| Q1 2023 | 2022-07-31 | $3.6M | $1.8M | +99.84% |
| Q4 2022 | 2022-04-30 | $5.7M | $2.6M | +81.58% |
| Q3 2022 | 2022-01-31 | $3.5M | $1.8M | +104.10% |
| Q2 2022 | 2021-10-31 | $2.9M | $2.3M | +394.57% |
| Q1 2022 | 2021-07-31 | $1.8M | $1.3M | +267.13% |
| Q4 2021 | 2021-04-30 | $3.2M | $2.4M | +341.95% |
| Q3 2021 | 2021-01-31 | $1.7M | $1.3M | +275.68% |
| Q2 2021 | 2020-10-31 | $588,942 | $372,821 | +172.51% |
| Q1 2021 | 2020-07-31 | $485,394 | $163,892 | +50.98% |
| Q4 2020 | 2020-04-30 | $713,975 | — | — |
| Q3 2020 | 2020-01-31 | $456,923 | $129,872 | +39.71% |
| Q2 2020 | 2019-10-31 | $216,121 | — | — |
| Q1 2020 · Jul 31 | 2019-07-31 | $321,502 | — | — |
| Q1 2019 | 2019-03-31 | $131,530 | −$504,975 | −79.34% |
| Q3 2019 | 2019-01-31 | $327,051 | — | — |
| Q3 2018 · Sep 30 | 2018-09-30 | $325,476 | $235,193 | +260.51% |
| Q2 2018 · Jun 30 | 2018-06-30 | $436,922 | $92,854 | +26.99% |
| Q1 2018 | 2018-03-31 | $636,505 | $185,733 | +41.20% |
| Q4 2017 | 2017-12-31 | $207,091 | −$645,025 | −75.70% |
| Q3 2017 | 2017-09-30 | $90,283 | −$502,255 | −84.76% |
| Q2 2017 | 2017-06-30 | $344,068 | $177,440 | +106.49% |
| Q1 2017 | 2017-03-31 | $450,772 | $406,106 | +909.21% |
| Q4 2016 | 2016-12-31 | $852,116 | $788,690 | +1243.48% |
| Q3 2016 | 2016-09-30 | $592,538 | $499,061 | +533.89% |
| Q2 2016 | 2016-06-30 | $166,628 | $112,491 | +207.79% |
| Q1 2016 | 2016-03-31 | $44,666 | $7,033 | +18.69% |
| Q4 2015 | 2015-12-31 | $63,426 | −$109,452 | −63.31% |
| Q3 2015 | 2015-09-30 | $93,477 | −$92,820 | −49.82% |
| Q2 2015 | 2015-06-30 | $54,137 | $12,339 | +29.52% |
| Q1 2015 | 2015-03-31 | $37,633 | $21,603 | +134.77% |
| Q4 2014 | 2014-12-31 | $172,878 | — | — |
| Q3 2014 | 2014-09-30 | $186,297 | $177,435 | +2002.20% |
| Q2 2014 | 2014-06-30 | $41,798 | $37,345 | +838.65% |
| Q1 2014 | 2014-03-31 | $16,030 | −$13,753 | −46.18% |
| Q3 2013 | 2013-09-30 | $8,862 | −$27,792 | −75.82% |
| Q2 2013 | 2013-06-30 | $4,453 | −$152 | −3.30% |
| Q1 2013 | 2013-03-31 | $29,783 | — | — |
| Q3 2012 | 2012-09-30 | $36,654 | $16,182 | +79.04% |
| Q2 2012 | 2012-06-30 | $4,605 | $4,605 | — |
| Q3 2011 | 2011-09-30 | $20,472 | — | — |
| Q2 2011 | 2011-06-30 | $0 | — | — |
Red Cat Holdings operating expenses trends
Between the periods ended 2011-12-31 and 2025-12-31, Red Cat Holdings's operating expenses increased from $92,336 to $67.9M, a change of $67.8M. The latest reported quarter, Q2 2026, shows $41.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Red Cat Holdings source filings ↗