Business
Red Cat Holdings Reports Q3 2025 Revenue Growth of 646% Y/Y Sequential Quarterly Revenue Growth of 200%; Guides Q4 Revenue to 1455% Y/Y; FY 2025 Revenue Guidance to 124% Y/Y, Beating Q3 Revenue Consensus Expectations
SAN JUAN, Puerto Rico, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, reports its financial results for the third quarter ended September 30, 2025. Business and Financial Highlights Q3 quarterly revenue grew 646% year over year and 200% over the prior quarter to $9.6 million, beating consensus expectations.Update on the U.S. Army’s SRR
About this update from Red Cat Holdings, Inc.
[{"type":"text","content":"SAN JUAN, Puerto Rico, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, reports its financial results for the third quarter ended September 30, 2025.","length":330,"tagName":"p"},{"type":"text","content":"Business and Financial Highlights","length":33,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q3 quarterly revenue grew 646% year over year and 200% over the prior quarter to $9.6 million, beating consensus expectations.","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"Update on the U.S. Army’s SRR UAS Tranche 2 (T2) Program: The Limited Rate Production (LRIP) Tranche 2 contract, signed in July 2025, has been expanded and is now valued at approximately $35 million.","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"2025 annual revenue guidance updated to between $34.5 - $37.5 million, Q4 revenue guided to between $20 -$23 million.","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"$212.5 million of cash and accounts receivable at the end of Q3.","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Launched Maritime Division, Blue Ops: Red Cat’s new division focused on delivering and further developing a family of battle proven uncrewed surface vessel (USV) weapons systems.","length":178,"tagName":"p"}]},{"val":[{"type":"text","content":"Blue Ops opened a 155,000 square foot facility in GA with manufacturing capacity of more than 500 vessels per year.","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"2x expansion of manufacturing space in Salt Lake City (Teal) and Los Angeles (FlightWave) facilities. Teal and FlightWave have recently expanded their manufacturing capacity through new and expanded leased facilities.","length":217,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1016,"olType":false},{"type":"text","content":"“Our record-breaking third quarter revenue and the expansion of our contract with the U.S. Army clearly demonstrates the accelerating adoption of our specialized solutions within the defense and national security sectors,” said Jeff Thompson, CEO of Red Cat. “We are seeing significant returns on our focused strategy, with our p...