Red Cat Holdings, Inc. · NASDAQ:RCAT
Red Cat — Investor Day (February 2026)
30 slides from Red Cat's investor day presentation, Feb 27, 2026
Slide 1: Red Cat Innovation Day
Red Cat Innovation Day Defining the Future of All Domain Operations February 27, 2026 © 2026 Red Cat | All Rights Reserved | Nasdaq: RCAT 0
Slide 2: Disclosure
Disclosure This Presentation contains projected financial information with respect to RCAT. Such projected financial information constitutes forward-looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumpti
Slide 3: Today's Agenda
Today’s Agenda Stan Nowak Vice President, Marketing 9:30 AM: Welcome & Opening Remarks Chief Executive Officer & 9:35 AM: Overview & Strategy Jeffrey Thompson Chairman of the Board Chris Ericson Chief Operating Officer 9:55 AM: Operations & Execution Geoff Hitchcock Chief Revenue Officer 10:10 AM: M
Slide 4: Welcome & Opening Remarks
Welcome & Opening Remarks STAN NOWAK Vice President, Marketing 3
Slide 5: Today's Presenters
Today’s Presenters JEFFREY CHRIS GEOFF BARRY CHRISTIAN THOMPSON ERICSON HITCHCOCK HINCKLEY MORRISON Chief Executive Chief Operating Chief Revenue President, Chief Financial Officer & Chairman Officer Officer Blue Ops Officer of the Board 4
Slide 6: Overview & Strategy
Overview & Strategy JEFFREY THOMPSON Chief Executive Officer & Chairman of the Board 5
Slide 7: Overview: Factory as the Weapon
Overview REVENUE GROWTH K E “ FACTORY Y M CAPACITY IS THE E S PATH TO PROFITABILITY S WEAPON… ” A G NEW CAPABILITIES E S FUTURE PRODUCTS AND ACQUISITIONS 6
Slide 8: Operations & Execution
Operations & Execution + Operational Capacity (Teal, FlightWave, & Blue Ops) + Strategic Partnerships Fueling Ecosystem for Accelerated Growth CHRIS ERICSON Chief Operating Officer 7
Slide 9: Operational Capacity
Operational Capacity During 2025 and continuing in 2026, Red Cat has continued investing in its infrastructure to ensure we will deliver the quantity , quality , and stability required by our customers. MATURITY OF PEOPLE, PROCESSES AND TOOLS IN THE AREAS OF: Manufacturing Compliance Systems Securit
Slide 10: Operational Capacity - Teal
Operational Capacity - Teal 2025 expansion – Added 75% more space (Suite 4 and Suite 5) TEAL FACILITY IN SALT LAKE CITY +11k sq. ft. manufacturing space +6k sq. ft. office space Black WidowTM Production Yellow area is 3,500 sq. ft. and represents current manufacturing footprint, which produces 50 dr
Slide 11: Operational Capacity - FlightWave
Operational Capacity - FlightWave FlightWave Facility in Torrance, CA 2025 Move – New 51,000 sq. ft. Facility Edge 130 Production 1/3 of the facility can produce 125 drones per month on a single shift. Current unused space gives us the ability to increase FlightWave production, expand production fro
Slide 12: Operational Capacity – Blue Ops
Operational Capacity – Blue Ops 2025 Move – New 155,000 sq. ft. Facility Blue Ops Facility in Valdosta, GA Blue Ops Production The location was previously a boat production facility, Regal Boats, manufacturing 60 boats per month. Our USVs require less production space and build time due to lack of h
Slide 13: Strategic Partnerships Fueling Ecosystem for Accelerated Growth
Strategic Partnerships Fueling Ecosystem for Accelerated Growth Best-in-class Partners for Government-funded Promotes Modularity & AI/ML, Swarming, FPV, Integrations to Fill Open Architectures C2, and Payloads Defense Capability Gaps Partner Technology Partner Technology Partner Technology Voice Com
Slide 14: Market Dynamics & Growth Strategies
Market Dynamics & Growth Strategies + Who Do We Serve? + Catalysts that Feed the Pipeline + Uniquely Positioned for Upcoming Opportunities + Government Contracting GEOFF HITCHCOCK Chief Revenue Officer
Slide 15: Who Do We Serve?
Who Do We Serve? What do these customers need? Customers & Opportunities Legend + Military/Defense - U.S. DOW - NATO/EU - APAC TACTICAL UAS - MIDDLE EAST (BLACK WIDOW TM, FANGTM, - LATAM EDGE 130, & Teal 2) - FMS + OGAs Unmanned Surface - U.S. Customs & Border Patrol Vessel (USV) - 3-Letter Agencies
Slide 16: Catalysts that Feed the Pipeline
Catalysts that Feed the Pipeline Innovation That Deploys U.S. ARMY, SHORT RANGE RECONNAISSANCE (SRR) PROGRAM Solution: RQ-28B Black WidowTM Teal Drones secured a major milestone by winning the U.S. Army's Short Range Reconnaissance (SRR) program. Initially competing against 37 companies, Teal emerge
Slide 17: Uniquely Positioned for Upcoming Opportunities
Uniquely Positioned for Upcoming Opportunities Multi-Domain Dominance Maritime Autonomous Sensor-to-shooter Attritable & Distributed Modular Open Systems Allied Modernization Operations Modernization Warfare Architecture (MOSA) Programs • Increasing investment in • Requirement for ISR • Adoption of
Slide 18: Government Contracting
Government Contracting How it Works Government Fiscal Program of Record Year (GFY) (POR) Continuing Sweeps Resolution Program vs. Operations and Maintenance Dollars $500m $1.5b 17
Slide 19: USV Growth, Market Opportunities, & Alignment
USV Growth, Market Opportunities, & Alignment + Product Overview: What Are We Building? + Experience Matters "We need Affordable, Open Architecture, and the Ability to Produce at Scale.” BARRY HINCKLEY Congressman Trent Kelly, President, Blue Ops Chairman, House Seapower Subcommittee 18
Slide 20: Product Overview: What Are We Building?
Product Overview: What Are We Building? Blue Ops - Variant 7 Specifications Variant 7 Range: up to 800 nm @ 40 kts Max Operating Weight: up to 7,500 kg Max Range: 1,400 nm Standard MOSA, Open Architecture, Multiple Payload Extended Tanks: 2000 nm Configurations Length Overall (LOA): 7.8 m Max Sustai
Slide 21: Experience Matters
Experience Matters Optimized for Naval & Expeditionary Integration PLATFORM INTEGRATION ▪ Designed for integration with DDG, LCS, LPD, LHD, and expeditionary platforms (V7 & V5) ▪ Compatible with well deck, crane, and trailer deployment concepts ▪ Compatible with current USN 11-meter RIB storage, la
Slide 22: Investing for Growth
Investing for Growth + Investing for Accelerating Growth + Human Capital Investments + Property Plant & Equipment Investments + Strategic Investment Opportunities + Capital Allocation Priorities CHRISTIAN MORRISON Chief Financial Officer 21
Slide 23: Investing for Accelerating Growth
Investing for Accelerating Growth FOCUSED ON MAXIMIZING CAPITAL WITH THE HIGHEST ROI HUMAN CAPITAL PROPERTY PLANT INVESTMENTS & EQUIPMENT STRATEGIC GROWTH OPPORTUNITIES 22
Slide 24: Human Capital Investments
Human Capital Investments TOTAL EMPLOYEES 2025 Investment Priorities: Engineers, Operations, Sales, and Corporate Headquarter Functions, Including Legal, HR, Finance, and IT 2026 Investment Priorities: Focus on Blue Ops Division and Further Investments in Engineering and Assembly Line 2024 2025 2026
Slide 25: Property Plant & Equipment Investments
Property Plant & Equipment Investments Red Cat Headquarters Salt Lake City, UT Blue Ops Development Partner Hodgdon Shipbuilding Boothbay & Damariscotta, ME Teal Drones Development & Production Facilities Salt Lake City, UT FlightWave Development SpidrWorx Facilities & Production Facilities Spring L
Slide 26: Strategic Investment Opportunities
Strategic Investment Opportunities VERTICAL INTEGRATION COMPLEMENTARY TECHNOLOGY AND IP REVENUE CROSS-SELL OPPORTUNITIES WHAT WE LOOK FOR EXPANDING TAMS SUPPLY CHAIN VISIONARY LEADERS RED CAT SUPPORT TO ACCELERATED GROWTH 25
Slide 27: Capital Allocation Priorities
Capital Allocation Priorities RED CAT EXPECTS STRONG REVENUE GROWTH WITH CONTINUED EXPANSION ACROSS CORE MARKETS FINANCIAL CONSIDERATIONS: PRIMARY USES OF CASH: We expect revenue to be more heavily weighted to the Building Inventory and Other Working Capital Needs second half of the year Property, P
Slide 28: Q&A
Q&A
Slide 29: Closing Remarks
Closing Remarks Revenue Growth Capacity Path to Profitability New Capabilities Future Products & Acquisitions 28
Slide 30: Thank you!
Thank you! REDCAT.RED | NASDAQ: RCAT