PerpEquitiesEquity
RCAT perpetual futures
Red Cat Holdings, Inc. tracked across crypto venues with normalized contract specs.
Price chart
10.06▼ 0.16%
10.2010.4010.6010.8011.0011.2011.40
Jun 30Jul 1Jul 3Jul 4Jul 6
24/7 perp mark · BingX (RCAT-USDT)
Auto: market closed → highest-volume perp venue
Trading data
Perpetual market activity
Venues
2
Live markets
2/2
24h volume
$1.8M
Open interest
$59k
Best liquidity
$358k
Bitget
Tightest spread
+19.0 bps
Bitget
Highest volume
$1.2M
BingX
Settlement mix
USDT · 2/2
Best Liquidity
RCATTightest Spread
RCATHighest Volume
RCATCompany data
Company fundamentals
Market cap
$1.1B
Updated 2h ago
Revenue
$53.0M
Trailing 12 months
Net income
$-85.3M
Trailing 12 months
Free cash flow
$-143.9M
Trailing 12 months
Profit margin
-161.1%
P/E
-13.4
P/S
20.7
Revenue estimate
$152.1M
Next fiscal year
Revenue growth
+273%
Next fiscal year
Fundamental detail
Annual + quarterlyLatest revenue$40.7M
Net margin-177.0%
Free cash flow$-95.8M
Net debt$-149.4M
PeriodRevenueGrowthNet incomeFCF
2021$5.0M+1138%$-13.2M$-1.4M
2022$6.4M+29%$-11.7M$-16.4M
2023$4.6M-28%$-28.1M$-32.2M
2024$17.8M+286%$-24.1M$-18.8M
2025$7.3M-59%$-65.4M$-20.7M
2026$40.7M+460%$-72.1M$-95.8M
PeriodGross marginOperating marginNet marginROEROA
2021+21.4%-97.5%-264.7%-251.3%-113.2%
2022+14.4%-202.2%-181.8%-15.0%-13.7%
2023-18.1%-570.0%-608.3%-51.3%-46.3%
2024+20.6%-100.2%-134.9%-55.2%-49.6%
2025-28.0%-532.8%-899.2%-130.5%-117.7%
2026+3.1%-163.5%-177.0%-29.3%-26.3%
PeriodCashDebtNet debtCurrent ratio
2021$277k$2.0M$1.7M0.35
2022$4.1M$3.7M$-361k10.23
2023$3.2M$3.0M$-209k7.94
2024$6.1M$2.3M$-3.8M6.13
2025$9.2M$2.0M$-7.2M6.17
2026$167.9M$18.4M$-149.4M15.29
PeriodMarket capEnterprise valueP/SP/E
2021$95.6M$97.3M19.1-7.2
2022$97.9M$97.5M15.2-8.5
2023$45.8M$45.6M9.9-1.7
2024$92.0M$88.2M5.2-3.8
2025$990.0M$982.8M136.1-15.1
2026$947.2M$797.8M23.3-13.2
PeriodRevenueGrowthNet incomeFCF
Q2 2025$1.5M-61%$-13.3M$-10.2M
Q3 2025$1.3M-77%$-16.5M-
Q4 2025$1.6M-75%$-23.1M$-16.2M
Q1 2026$3.2M+16%$-13.3M$-13.2M
Q2 2026$9.6M+529%$-16.0M$-24.5M
Q3 2026$26.2M+1866%$-19.7M$-41.9M
Q4 2026$1.6M-0%$-23.1M$-38.7M
Q1 2027$15.5M+381%$-26.6M$-38.7M
PeriodGross marginOperating marginNet marginROEROA
Q2 2025-1.5%-594.0%-868.9%-49.3%-26.1%
Q3 2025-50.7%-707.4%-1239.9%+0.0%+0.0%
Q4 2025-52.2%-765.7%-1418.9%-80.0%-38.8%
Q1 2026+11.7%-392.9%-412.6%-13.9%-10.9%
Q2 2026+6.6%-181.7%-166.0%-6.3%-5.6%
Q3 2026+4.2%-91.3%-74.9%-8.0%-7.2%
Q4 2026-52.3%-766.1%-1419.5%-9.7%-8.2%
Q1 2027+12.7%-176.5%-171.6%-11.1%-9.4%
PeriodCashDebtNet debtCurrent ratio
Q2 2025$4.6M$13.8M$9.2M1.43
Q3 2025---0.00
Q4 2025$7.7M$27.8M$20.1M1.02
Q1 2026$65.9M$21.9M$-44.0M3.80
Q2 2026$206.4M$22.4M$-184.0M10.42
Q3 2026$167.9M$18.4M$-149.4M15.29
Q4 2026$131.9M$13.8M$-118.1M10.99
Q1 2027$131.9M$13.8M$-118.1M10.99
PeriodMarket capEnterprise valueP/SP/E
Q2 2025$233.1M$242.3M151.9-4.5
Q3 2025$1.1B$0.0823.3-13.4
Q4 2025$502.8M$522.9M308.5-5.4
Q1 2026$664.6M$620.6M206.5-12.1
Q2 2026$1.0B$846.7M106.8-16.2
Q3 2026$947.2M$797.8M36.1-12.4
Q4 2026$947.2M$829.1M581.4-9.0
Q1 2027$1.6B$1.5B102.2-14.9
Refreshed 2h ago
Research data
Estimates, events and peers
Estimates
6 periodsFY 2026$152.1M+273%1 analysts
Q4 2026$37.2M+2183%2 analysts
Q1 2027$45.4M+194%2 analysts
Q2 2027$63.1M+554%2 analysts
Q3 2027$76.4M+191%2 analysts
Q4 2027$48.0M+2847%2 analysts
Events
Earnings · dividends · splits2026-08-13EarningsRevenue est. $22.7M
2026-05-07EarningsRevenue est. $23.9M
2026-03-18EarningsRevenue est. $23.7M
2025-11-13EarningsRevenue est. $7.7M
2025-08-14EarningsRevenue est. $7.7M
2025-05-14EarningsRevenue est. $7.7M