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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 Holdings (Nasdaq: RCAT) reported Q1 2026 revenue of $15.5 million, up 849% year-over-year, and gross profit of $2.0 million with gross margin of 12.7% versus (52.1)% a year earlier. Cash was $131.9 million and inventory totaled $62.7 million at March 31, 2026. The company announced new international orders, two strategic partnerships, and acquisitions of Apium Swarm Robotics and planned acquisition of Quaze Technologies pending Investment Canada Act clearance.
Palladyne AI (NASDAQ: PDYN) reported Q1 2026 results: revenue +107% YoY to $3.5M, backlog of ~$17M (includes ~$7M new awards), and cash, cash equivalents and marketable securities of $43.7M as of March 31, 2026. The company reiterated full-year 2026 revenue guidance of $24M–$27M and expects revenue to be back-end weighted with majority of backlog recognized over the next 12–18 months.
Red Cat (Nasdaq: RCAT) will deliver 173 Black Widow™ sUAS systems to the Japanese Army under Japan Fiscal Year 2026 funding following a competitive procurement led by ATLA.
Each system includes two aircraft, a WEB ground control station, mission components, plus spare-parts and training; deliveries are coordinated with HAMA and ITOCHU partners. The platform is built in the U.S. and NDAA-compliant, and Red Cat expects future licensed manufacturing and expanded in-country maintenance.
Red Cat (Nasdaq: RCAT) will release first quarter 2026 financial results after U.S. markets close on Thursday, May 7, 2026. The company will host a live video webinar at 4:30 p.m. ET to discuss results, conducted on Zoom.
Registration is required via Red Cat's investor relations site and log-in instructions will be provided after registering. An archived replay will be available on the investor relations website beginning approximately two hours after the call concludes.
Red Cat Holdings (Nasdaq: RCAT) announced on April 7, 2026 that Arastelle Drone Solutions joined the Red Cat Futures Initiative to integrate modular tethered UAS with Red Cat’s Family of Systems, including Black Widow and Teal 2.
The partnership aims to enable persistent ISR, communications relay, and extended airborne endurance via tethered power and hot-swappable options, and will be demonstrated at Eurosatory 2026 in Paris.
Red Cat (Nasdaq: RCAT) announced a strategic partnership between its maritime division Blue Ops and HADDY to deploy large-scale robotic 3D printing and Agentic AI production systems at Blue Ops’ Valdosta, GA facility. The collaboration is intended to double overall manufacturing capacity and support production of 5-meter and 7-meter USV platforms while enabling a distributed microfactory network for scalable, on-demand manufacturing.
The partnership emphasizes faster iteration from design to deployment, data and IP protection, and the ability to shift production closer to operational needs to reduce logistics and speed delivery.
Red Cat (Nasdaq: RCAT) said a NATO ally selected its Black Widow sUAS in March 2026 via a competitive tender, with delivery of an undisclosed number of systems scheduled during calendar year 2026.
Each system includes two aircraft, a ground control station, and mission-critical components; the platform is built in the U.S. and NDAA-compliant.
Red Cat (Nasdaq: RCAT) announced it has acquired Apium Swarm Robotics on March 30, 2026. Apium will operate as an independent Red Cat company, continuing to scale its distributed multi-agent autonomy for drones and uncrewed surface vessels.
The acquisition aims to embed Apium’s swarm autonomy across Red Cat’s Family of Systems, including integration with the Black Widow ISR drone, and follows prior demonstrations at the Army’s 2025 ACM-UAS Industry Day and Red Cat’s February 2026 Innovation Day.
Red Cat (Nasdaq: RCAT) announced a strategic partnership with Ukraine’s state-owned Spetstechnoexport (STE) via a memorandum of understanding dated March 30, 2026. The MOU establishes a framework for cooperation on multi-domain unmanned and robotic systems across air, land, and maritime domains.
The collaboration aims to support integration of advanced technologies, expand production capabilities, and enable broader access to U.S. and Ukrainian defense innovations for global markets. Red Cat will pursue joint initiatives with STE and Ukrainian developers to align capabilities with contested-environment mission requirements.
Red Cat (Nasdaq: RCAT) reported record fourth-quarter revenue of $26.2M (up 1,985% YoY; +172% sequential) and full-year 2025 revenue of $40.7M (up 161% YoY). Cash totaled $167.9M at year‑end; manufacturing capacity reached 254,000 sq. ft. with major facility expansions and new partner agreements.
Orders include Black Widow sales to an Asia‑Pacific ally; Innovation Day showcased drones and new USVs and emphasized scaling production into 2026.