Needham Reiterates Buy on Red Cat Holdings, Inc. (RCAT) Following Q1 2026 Results
Key takeaways
- (RCAT) Following Q1 2026 Results Ashar Jawad Wed, May 13, 2026 at 5:33 PM GMT+7 1 min read RCAT Red Cat Holdings, Inc.
- Total revenue was reported at $15.5 million, growing 849% year-over-year.
- Business highlights included Red Cat Holdings, Inc.
Needham Reiterates Buy on Red Cat Holdings, Inc. (RCAT) Following Q1 2026 Results Ashar Jawad Wed, May 13, 2026 at 5:33 PM GMT+7 1 min read RCAT Red Cat Holdings, Inc. (NASDAQ:RCAT) is among the 9 Best Drone Stocks to Buy According to Wall Street Analysts. On May 7, the company reported financial results for the first quarter of 2026.
Total revenue was reported at $15.5 million, growing 849% year-over-year. Gross profit came in at $2 million, increasing $2.8 million from the same period last year. Gross margin was 12.7%, improving 199% sequentially, and up from (52.1)% in the prior year’s quarter.
Business highlights included Red Cat Holdings, Inc. (NASDAQ:RCAT) receiving new orders for its Black Widow drones from allies in NATO and the Asia-Pacific, alongside a strategic agreement with Ukrainian state-owned entity Spetstechnoexport to collaborate on advanced unmanned and robotic systems.