Red Cat Q2 revenue rises 527% to $20.2 million
Red Cat reported Q2 2026 revenue of $20.2 million, up 527% year over year, and reaffirmed full-year revenue guidance of $150 million to $180 million.
Evidence notes
- Gross profit reached $3.3 million and gross margin was 16.1%, improving both year over year and sequentially.
- Cash, cash equivalents and restricted cash totalled $325.6 million at quarter end.
- Management tied the scale-up to defence-system deliveries and continued investment in production capacity across its aerial and maritime portfolio.
Company context
Red Cat is a drone technology company focused on small unmanned aircraft systems for defence, public safety and government users. Its portfolio includes tactical drone platforms and related unmanned systems businesses.