Welcome to our dedicated page for Red Cat Hldgs SEC filings (Ticker: RCAT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Red Cat Holdings, Inc. filings document the regulatory record for a Nevada operating company whose common stock trades on the Nasdaq Capital Market under RCAT. Form 8-K reports cover operating and financial results, purchase orders tied to Teal Drones and the U.S. Army Short Range Reconnaissance Program of Record, and material events involving Red Cat’s defense drone and robotic systems business.
The company’s filings also record completed acquisition activity, including Apium Swarm Robotics and its distributed autonomy technology for unmanned systems. Other disclosure areas include material definitive agreements, common-stock offering terms, capital-structure matters, and proxy materials addressing board governance, executive compensation, equity awards, shareholder voting items, and related public-company controls.
Red Cat Holdings, Inc. director Joseph David Freedman received a grant of restricted stock units as equity compensation. He acquired 7,429 restricted stock units on Common Stock, each representing a contingent right to receive one share of RCAT common stock. These units vest on April 30, 2026, meaning the shares will be delivered only if the vesting condition is satisfied. After this grant, his reported derivative holdings from this award total 7,429 units, all held as direct ownership.
Red Cat Holdings, Inc. Chief Revenue Officer Geoffrey Wayne Hitchcock reported routine equity compensation activity. On March 31, 2026, he was granted 8,701 restricted stock units (RSUs), each representing a right to receive one share of common stock. The RSUs vest 25% immediately and 75% on December 31, 2026. He exercised 2,175 RSUs into common stock, and 645 common shares were withheld at $13.09 per share to cover tax obligations. Following these transactions, he directly holds 206,517 shares of common stock and 6,526 RSUs.
Red Cat Holdings Chief Financial Officer Morrison Christian Spenst received equity compensation in the form of restricted stock units on March 31, 2026. He was granted 1,688 restricted stock units (RSUs), each representing a contingent right to receive one share of RCAT common stock. Twenty-five percent of the RSUs vested immediately, and the remaining 75% are scheduled to vest on December 31, 2026. On the same date, he exercised 422 RSUs into common stock at a conversion price of $0.00 and had 145 shares of common stock withheld at an implied price of $13.09 per share to cover tax obligations, leaving him with 277 shares of common stock directly held after these transactions.
Red Cat Holdings, Inc. Chief Operating Officer Christian Ericson reported equity compensation and related share movements. On March 31, 2026, he was granted 16,294 restricted stock units (RSUs), each representing a right to receive one share of common stock.
According to the grant terms, 25% of these RSUs vested immediately, with the remaining 75% scheduled to vest on December 31, 2026. On the same date, he exercised 4,073 RSUs into 4,073 shares of common stock and 1,176 common shares were withheld at $13.09 per share to cover tax obligations. Following these transactions, he directly held 28,920 shares of common stock and 12,221 RSUs.
Red Cat Holdings, Inc. entered into a Share Purchase Agreement to acquire all of the shares of Quaze Technologies Inc., a Quebec-based company, through its wholly owned subsidiary. Both Red Cat’s board and Quaze’s board have approved the agreement.
If completed, the acquisition will be paid in approximately $25,000,000 of Red Cat common stock, subject to customary closing adjustments, plus up to an additional $5,000,000 in stock as earnout consideration tied to integration, revenue and gross margin thresholds. Closing is subject to regulatory approvals, satisfaction of specified conditions, continued Nasdaq listing and ongoing SEC reporting status, with either party able to terminate if key conditions are not met by December 31, 2026.
Red Cat Holdings, Inc. entered into a Share Purchase Agreement to acquire all of the shares of Quaze Technologies Inc., a Quebec-based company, through its wholly owned subsidiary. Both Red Cat’s board and Quaze’s board have approved the agreement.
If completed, the acquisition will be paid in approximately $25,000,000 of Red Cat common stock, subject to customary closing adjustments, plus up to an additional $5,000,000 in stock as earnout consideration tied to integration, revenue and gross margin thresholds. Closing is subject to regulatory approvals, satisfaction of specified conditions, continued Nasdaq listing and ongoing SEC reporting status, with either party able to terminate if key conditions are not met by December 31, 2026.
Red Cat Holdings, a U.S.-based defense drone and robotics provider, has acquired Apium Swarm Robotics, a California developer of distributed control systems for autonomous swarming drones and uncrewed surface vessels. Apium will operate as an independent Red Cat company, advancing its multi-agent autonomy architecture for integration across Red Cat’s Family of Systems.
The deal is aimed at strengthening Red Cat’s ability to deliver intelligent unmanned systems that coordinate in contested, GPS- and communications-denied environments. By embedding Apium’s swarm autonomy into platforms such as the Black Widow tactical drone and emerging maritime systems, Red Cat expects enhanced coordination, survivability, and operational flexibility for defense and national security customers.
Red Cat Holdings, a U.S.-based defense drone and robotics provider, has acquired Apium Swarm Robotics, a California developer of distributed control systems for autonomous swarming drones and uncrewed surface vessels. Apium will operate as an independent Red Cat company, advancing its multi-agent autonomy architecture for integration across Red Cat’s Family of Systems.
The deal is aimed at strengthening Red Cat’s ability to deliver intelligent unmanned systems that coordinate in contested, GPS- and communications-denied environments. By embedding Apium’s swarm autonomy into platforms such as the Black Widow tactical drone and emerging maritime systems, Red Cat expects enhanced coordination, survivability, and operational flexibility for defense and national security customers.
Red Cat Holdings Inc ownership disclosure: The Vanguard Group filed an amendment stating it beneficially owns 0 shares of Common Stock, representing 0% of the class. The amendment explains an internal realignment of Vanguard subsidiaries and that certain subsidiaries will report ownership separately pursuant to SEC Release No. 34-39538.
The filing is an administrative ownership update reflecting disaggregation of prior aggregated reporting; no voting or dispositive power is reported.
Red Cat Holdings, Inc. files its annual report describing a growing U.S.-based business providing advanced drone and robotic systems for defense, national security and commercial uses. The company develops American-made small unmanned aircraft and uncrewed surface vessels through divisions including Teal, FlightWave and new USV-focused Blue Ops.
Red Cat highlights heavy exposure to U.S. government demand, noting that approximately 73% of fiscal 2025 revenue came from U.S. Government contracts, alongside significant budget and procurement risks. It reports an accumulated deficit of $196.8 million as of December 31, 2025 and warns it may need additional capital to fund operations.
The company emphasizes investment in innovation, with research and development expenses of $16.7 million for the year ended December 31, 2025 (excluding stock-based compensation), and an employee base of 244 full-time staff as of that date. Key themes include competition from larger defense contractors, supply-chain dependence, cybersecurity and AI-related risks, and evolving regulatory frameworks from the FAA, FCC and American Security Drone Act. As of March 17, 2026, Red Cat had 121,138,764 shares of common stock outstanding.
Red Cat Holdings, Inc. reported a routine equity compensation event for its Chief Operating Officer, Christian Ericson. On March 17, 2026, Ericson exercised 12,500 restricted stock units, receiving the same number of common shares at a stated price of $0.00 per share. Of these, 3,607 shares were withheld at $15.54 per share to cover tax obligations, a non-market disposition, leaving him with 26,023 common shares held directly after the transactions. The RSUs stem from a 25,000-unit grant awarded on December 2, 2025, scheduled to vest in two equal installments on March 17, 2026 and March 17, 2027.
Red Cat Holdings reported a breakout 2025 with rapid growth but heavy losses. Full-year revenue reached $40.7 million, up 161% from $15.6 million. Fourth-quarter revenue was $26.2 million, a 1,985% increase from $1.3 million and up 172% sequentially, reflecting accelerating demand for its defense drone and robotic systems.
The company remained unprofitable, posting a 2025 net loss of $72.1 million, deeper than the $53.5 million loss in 2024, and an adjusted EBITDA loss of $51.3 million. Operating cash outflow was $89.1 million, but Red Cat ended 2025 with a much stronger liquidity position, as cash rose to $167.9 million from $9.2 million, largely driven by $234.3 million of net equity issuance and new convertible notes.
Red Cat significantly expanded its manufacturing footprint to 254,000 square feet across BlueOps, FlightWave, and Teal, and highlighted major business milestones including new Black Widow™ drone orders from a second Asia-Pacific ally and the launch of its FANG™ FPV platform and new uncrewed surface vessels. Management emphasized a strategy focused on scaling production, advancing autonomy, and broadening global defense customer relationships.