Red Cat posted Q2 FY2026 revenue of USD 20.2 million, up 527% year over year; gross margin rose 4.52 percentage points to 16.1%.
Net loss widened to USD 35.26 million, or USD 0.26 per share, from USD 13.28 million, or USD 0.15 per share, a year earlier.
Cash totaled USD 325.6 million at June 30, 2026, up from USD 167.9 million at Dec. 31, 2025; inventory and prepaid inventory climbed to USD 84.8 million.
Advanced Teal Drones to Gauntlet II of the Drone Dominance program; completed the Quaze Technologies acquisition to add wireless power transfer for autonomous recharging.
Reaffirmed full-year target revenue of USD 150 million to USD 180 million; CEO Jeff Thompson cited scaling deliveries and expanding production capacity.
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