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Red Cat Holdings, Inc. reports developments in advanced all-domain drone and robotic systems for defense and national security customers. Company news centers on Black Widow™ small unmanned aircraft systems for tactical-edge ISR missions, WEB ground control stations, Teal Drones activity, and orders from U.S. and allied defense customers.
Recurring updates also cover Red Cat’s Family of Systems, including Blue Ops uncrewed surface vessel platforms, manufacturing partnerships, tethered UAS integrations, and autonomy capabilities added through Apium Swarm Robotics. Financial releases discuss revenue trends, margins, backlog, production capacity, and the operating mix across drone, maritime, and robotic defense programs.
Red Cat (Nasdaq: RCAT) has promoted Mitch McDonald to Divisional Chief Executive Officer of its unmanned aircraft systems (UAS) operations, effective immediately. He will oversee strategic direction and operations for Teal Drones in Salt Lake City and FlightWave Aerospace in Torrance, bringing unified leadership to Red Cat’s UAS portfolio.
According to Red Cat, McDonald previously served as President of Teal Drones, where he supported manufacturing growth and facility expansion. As Divisional CEO, he will focus on operational integration, manufacturing scale and execution, supporting the company’s strategy to build an integrated, American-made Family of Systems for U.S. and allied defense customers.
Red Cat (Nasdaq: RCAT) announced a multiyear partnership with the Washington Commanders to support U.S. service members, veterans, and their families. As a Proud Partner, Red Cat will collaborate on military appreciation initiatives, including community events, fan experiences, and recognition programs throughout the NFL season.
The partnership reflects both organizations’ commitment to the military community and aligns with Red Cat’s mission of advancing American-made autonomous drone and robotic systems for defense and national security. During the upcoming season, Red Cat plans a comprehensive marketing campaign in a major media market, featuring in-stadium branding and digital signage at Northwest Stadium, game day activations, community initiatives, and digital content highlighting its support for those who serve.
Red Cat (Nasdaq: RCAT) reported Q2 2026 revenue of $20.2 million, up 527% year over year from Q2 2025. Gross profit was $3.3 million, with gross margin of 16.1%, reflecting a 39% year-over-year and 27% sequential improvement versus Q1 2026.
According to Red Cat, Q2 operating expenses rose to $41.9 million, driving an operating loss of $38.6 million and a net loss of $35.3 million (loss per share $0.26). Adjusted EBITDA was –$31.8 million. The company completed the acquisition of Quaze Technologies, advanced Teal Drones to Gauntlet II of the U.S. Drone Dominance program, expanded maritime capabilities through Blue Ops, and secured new U.S. Air Force orders for Black Widow drones.
Cash at June 30, 2026 totaled $325.6 million, up from $167.9 million at year-end 2025, while inventory and prepaid inventory increased to $84.8 million. Red Cat reaffirmed its full-year 2026 revenue target of $150–$180 million.
Red Cat (Nasdaq: RCAT) announced that its maritime unit, Blue Ops, has completed the first integration of a Volvo Penta D4-320 diesel engine and DPI DuoProp drive into the Variant 7 (V7) uncrewed surface vessel. The integration links Volvo Penta’s 320-horsepower propulsion package and global service network with V7’s autonomous navigation, remote operation, mission planning and payload management systems.
Built in the U.S. for U.S. and allied defense missions, V7 uses a Modular Open Systems Architecture to let customers configure propulsion, payloads, sensors and communications. The Volvo Penta integration expands propulsion choices while keeping compatibility with the V7 autonomy and mission architecture and follows Blue Ops’ move into full-rate V7 production.
Red Cat (Nasdaq: RCAT) announced that its Teal Drones subsidiary received a $2.49 million firm-fixed-price contract from the U.S. Air Force for Black Widow small unmanned aircraft systems, training and related support. The order covers systems, train-the-trainer support, batteries, spares and shipping.
According to Red Cat, the U.S. Air Force Security Forces Center will use the equipment for a technical and operational assessment of Black Widow as a potential successor to its current Teal 2 fleet across active-duty, Air National Guard and Air Force Reserve. Black Widow is described as Red Cat’s flagship short-range reconnaissance system and the U.S. Army’s selected platform for its Short Range Reconnaissance Program. Contract delivery is scheduled by August 24, 2026.
Red Cat (Nasdaq: RCAT) announced progress in its R&D and innovation strategy via SPiDRWORX, its dedicated innovation group, following a technology validation event with industry partners near Salt Lake City. The initiative focuses on integrating third-party technologies across Red Cat’s Family of Systems for defense and national security customers.
According to the company, partner validations included Hoverfly’s NEXUS tethered UAS as a communications relay for Black Widow, Safe Pro Group’s AI threat detection on Black Widow imagery, Palantir’s vision-based navigation in GNSS-denied conditions, Vigilare AI’s TitanOps on Teal 2, and additional 3D mapping and imagery workflow testing with Reveal Technology.
Red Cat (Nasdaq: RCAT) issued a statement about reports of a potential transaction involving Steyr Motors AG. As part of its growth strategy, Red Cat regularly reviews strategic options such as acquisitions, partnerships, and investments to enhance capabilities, strengthen its supply chain, and support defense, government, and commercial customers.
According to the company, it had evaluated and submitted a preliminary, non-binding proposal for a possible transaction with Steyr Motors AG but has since withdrawn that proposal. No definitive agreement was signed, and Red Cat currently has no active proposal outstanding regarding Steyr Motors AG. The company added that it does not plan to comment further on market rumors, speculation, or potential transactions unless disclosure is required or deemed appropriate.
Red Cat (Nasdaq: RCAT) announced completion of integration work with C3A Solutions to connect its Black Widow™ small unmanned aircraft system to OBERON-enabled tactical fires networks. C3A specializes in digital fires and tactical communications for Army units at the tactical edge.
According to Red Cat, the integration allows Black Widow to act as a forward intelligence, surveillance and reconnaissance (ISR) sensor, feeding video and targeting data into connected fires workflows. The collaboration supports Red Cat’s focus on interoperability and mission-driven integration across its Family of Systems for defense and national security customers.
Red Cat (Nasdaq: RCAT) will release its financial results for the second quarter ended June 30, 2026 after U.S. market close on Thursday, August 6, 2026, followed by a live Video Webinar at 4:30 p.m. ET to discuss the results.
The earnings discussion will be hosted on the Zoom platform, with questions taken only from registered Video Webinar participants. Investors can register via Red Cat’s investor relations website, where log-in details will be provided and an archived replay will be posted about two hours after the event concludes.
Red Cat also announced management participation in two investor conferences: the Needham Virtual Industrial Tech, Robotics, & Power 1x1 Conference on August 17, 2026, and the Piper Sandler Growth Frontiers Conference in Nashville, TN on September 15, 2026. CEO Jeff Thompson and CFO Christian Morrison will be available for one-on-one and small group investor meetings coordinated through conference representatives.
Red Cat (Nasdaq: RCAT) announced that its subsidiary Teal Drones has advanced to Gauntlet II of the U.S. Drone Dominance Program. Teal is one of 19 companies invited to participate at Fort Carson, Colorado, in August 2026, following a Phase 2 Qualifier involving 49 companies and about 79 drones across long-range and close-quarters missions.