Red Cat (NASDAQ: RCAT) gets $9.5M U.S. Army order for Teal drones

Rhea-AI Filing Summary

Red Cat Holdings reported that its wholly owned subsidiary Teal Drones received a $9.5 million purchase order from the U.S. Army under its Short Range Reconnaissance Program of Record. The order covers additional drone units that are expected to be delivered in the second quarter of 2026.

This new purchase order indicates continued demand for Teal Drones’ systems from a key U.S. defense customer and provides near-term revenue visibility tied to scheduled deliveries.

Insights

Defense industry analyst

Red Cat’s Teal unit secures a defined Army drone order for Q2 2026 delivery.

Teal Drones, a subsidiary of Red Cat Holdings, received a U.S. Army purchase order worth $9.5 million for additional units under the Short Range Reconnaissance Program of Record. A purchase order is a committed order, giving clearer revenue visibility than a non-binding agreement.

The units are expected to be delivered in the second quarter of 2026, concentrating fulfillment and related revenue in that period. Actual financial impact will depend on margins and any follow-on orders, which are not addressed here. Subsequent disclosures may provide more detail on profitability and production capacity.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Purchase order value: $9.5 million Delivery timing: Q2 2026

2 metrics

Purchase order value $9.5 million U.S. Army order for additional Teal Drones units

Delivery timing Q2 2026 Expected delivery period for Army order units

Key Terms

Short Range Reconnaissance Program of Record, purchase order, Emerging growth company

3 terms

Short Range Reconnaissance Program of Record financial

"received a $9.5 million purchase order for additional units under the U.S. Army’s Short Range Reconnaissance Program of Record"

purchase order financial

"received a $9.5 million purchase order for additional units under the U.S. Army’s Short Range Reconnaissance Program of Record"

Emerging growth company regulatory

"Emerging growth company Item 8.01. Other Events."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 8, 2026

Red Cat Holdings, Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-40202		88-0490034
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

2800 West Temple, Suite 5 South Salt Lake, UT		84115
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (800) 466-9152

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.001		RCAT		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On May 8, 2026, Teal Drones, Inc., a wholly owned subsidiary of Red Cat Holdings, Inc., received a $9.5 million purchase order for additional units under the U.S. Army’s Short Range Reconnaissance Program of Record. The units are expected to be delivered in the second quarter of 2026.

-2-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RED CAT HOLDINGS, INC.
Dated: May 11, 2026	By:	/s/ Christian Ericson
	Name:	Christian Ericson
	Title:	Chief Operating Officer

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FAQ

What did Red Cat Holdings (RCAT) announce in this 8-K filing?

Red Cat Holdings announced that its subsidiary Teal Drones received a U.S. Army purchase order worth $9.5 million. The order is for additional units under the Short Range Reconnaissance Program of Record, with deliveries expected in the second quarter of 2026.

How large is the new U.S. Army order for Red Cat’s Teal Drones?

The new U.S. Army order for Red Cat’s Teal Drones is valued at $9.5 million. This purchase order covers additional drone units under the Short Range Reconnaissance Program of Record, providing near-term revenue tied to planned deliveries in the second quarter of 2026.

When will Red Cat’s Teal Drones deliver units under the $9.5 million Army order?

Red Cat’s Teal Drones is expected to deliver the ordered units in the second quarter of 2026. This timing means associated revenue from the $9.5 million U.S. Army purchase order should be recognized around that period, subject to applicable accounting treatment.

Which Red Cat subsidiary received the $9.5 million U.S. Army purchase order?

Teal Drones, Inc., a wholly owned subsidiary of Red Cat Holdings, received the $9.5 million U.S. Army purchase order. The order is for additional units under the Army’s Short Range Reconnaissance Program of Record, reinforcing Teal’s role as a supplier in that program.

What is the U.S. Army Short Range Reconnaissance Program mentioned by Red Cat (RCAT)?

The Short Range Reconnaissance Program of Record is a U.S. Army initiative for short-range drone systems. Red Cat’s subsidiary Teal Drones received a $9.5 million purchase order for additional units under this program, with deliveries expected in the second quarter of 2026.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.9 KB