Red Cat Holdings, Inc. (RCAT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'27 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | -31.95M | -36.48M | -23.85M | -12.9M | -15.91M | -10.14M | -2.19M | -4.45M | -4.35M | -4.52M | -7.28M | -7.8M | -7.86M | -8.72M | -5.28M | -3.98M | -3.59M | -4.5M | -4.07M | -481.99K |
| Operating CF Margin % | -206.48% | -139.04% | -247.26% | -400.7% | -976.14% | -660.66% | -79.03% | -67.28% | -74.44% | -114.89% | -416.57% | -723.32% | -471.36% | -1166.42% | -468.99% | -303.32% | -193.14% | -241.25% | -291.67% | -25.67% |
| Operating CF Growth % | -147.69% | - | -135.24% | -487.76% | -257.49% | -124.52% | 69.87% | 42.98% | 44.62% | 48.21% | -37.83% | -96.08% | -119.2% | -93.99% | -29.69% | -725.79% | -928.83% | -1239.31% | -1649.82% | -350.74% |
| Net Income | -26.55M | -19.66M | -16.02M | -13.28M | -23.12M | -13.33M | -8.16M | -5.41M | -4.19M | -5.08M | -5.84M | -11.37M | -5.67M | -6.24M | -3.59M | -4.83M | -2.56M | -2.74M | -1.56M | -3.15M |
| Depreciation & Amortization | 812K | 611K | 542.32K | 523.84K | 587.55K | 372.23K | 446.87K | 413.62K | 350.89K | 338.8K | 318.37K | 359.17K | 295.31K | 227.16K | 84.43K | 197.94K | 28.76K | 21.78K | 16.33K | 31.26K |
| Stock-Based Compensation | 4.82M | 0 | 3.62M | 0 | 1.6M | 1.3M | 958.41K | 0 | 0 | 1.2M | 911.61K | 865.77K | 788.69K | 1.25M | 0 | 1.23M | 0 | 899.94K | 384.09K | 2.32M |
| Deferred Taxes | 0 | -251.56K | 694.56K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -154.25K | 0 |
| Other Non-Cash Items | 541K | 66.57K | -996.33K | 2.82M | 10.7M | 4.23M | 1.25M | 641.5K | 438.96K | -10.6K | -501.64K | 2.79M | 343.33K | -2.89M | -609.62K | 858.78K | -358.3K | -60.41K | 192K | 79.77K |
| Working Capital Changes | -11.56M | -17.25M | -11.7M | -2.96M | -5.67M | -2.71M | 3.31M | -97.32K | -953.77K | -958.78K | -2.17M | -451.28K | -3.62M | -1.06M | -1.17M | -1.44M | -691.77K | -2.62M | -2.95M | 233.48K |
| Change in Receivables | 15.58M | -20.05M | -5.09M | 541.82K | -1.06M | -284.62K | 3.68M | -1.13M | -2.1M | -2.27M | -780 | 1.28M | -1.18M | -186.26K | -257.3K | 396.45K | -497.77K | -77.96K | 104.96K | -9.28K |
| Change in Inventory | -27.08M | -809.89K | -6.47M | -2.32M | -3.51M | -1.4M | -2.46M | 2.82M | 162.43K | 120.75K | -455.87K | -2.69M | -2.12M | -846.04K | -273.44K | -1.56M | -354.17K | 153.18K | -472.3K | 345.94K |
| Change in Payables | 5.62M | 643.68K | 1.49M | -37.81K | -530.54K | -491.26K | 501.15K | -700.24K | 663.52K | 795.68K | 0 | -445.54K | 0 | 0 | -154.14K | 0 | -696.87K | -846.15K | -130.53K | -331.41K |
| Cash from Investing | -6.78M | -5.4M | -669.59K | -306.52K | -273.1K | -23.84K | -11.07K | 924.01K | 2.58M | 5.18M | 4.88M | 7.29M | 10.34M | 4.3M | 7.66M | 1.91M | -48.54M | 11.36K | 13.5K | 0 |
| Capital Expenditures | -6.78M | -5.4M | -669.59K | -306.52K | -273.1K | -23.84K | -11.07K | -75.99K | -44.67K | -134.81K | -5.05K | -714.33K | -454.95K | -735.99K | -544.94K | -271.11K | -92.58K | 0 | -62.43K | 0 |
| CapEx % of Revenue | 43.84% | 20.57% | 6.94% | 9.52% | 16.76% | 1.55% | 0.4% | 1.15% | 0.76% | 3.43% | 0.29% | 66.2% | 27.28% | 98.45% | 48.37% | 20.66% | 4.99% | 0% | 4.47% | 0% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | -250K | 0 | 0 | 0 | 0 | 0 | 11.36K | 13.5K | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.89M | 0 | 10.79M | 5.04M | 0 | 2.18M | 0 | 0 | 386.08K | 0 |
| Cash from Financing | 2.78M | 3.31M | 165.02M | 71.41M | 14.75M | 7.04M | -150.67K | -267.56K | 8.19M | -211.49K | 91.31K | -122.3K | -164.2K | -243.54K | -215.65K | -957.04K | 47.68M | -50.08M | 69.9M | 287.68K |
| Debt Issued (Net) | 0 | 12.78M | 567.12K | -1.65M | 14.43M | 7.44M | -150.67K | -147.15K | -144.65K | -141.14K | 0 | -134.97K | -131.16K | 0 | -215.65K | -235.21K | -476.58K | -1.92M | -114.17K | 86.43K |
| Equity Issued (Net) | 2.78M | 3.31M | 177.48M | 73.06M | 316.07K | -7.31K | -7.77K | 0 | 8.4M | -7.77K | -8.52K | 0 | -33.05K | -91.78K | 0 | -720.26K | 0 | 0 | 70.17M | 201.25K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -239K | 0 | 0 | 0 | 0 | -7.31K | -7.77K | 0 | 0 | 0 | -8.52K | 0 | -33.05K | -91.78K | 0 | -720.26K | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -12.78M | -13.03M | 0 | 0 | -389.62K | 7.77K | -120.41K | -67.58K | -62.58K | 99.83K | 12.68K | 0 | -151.77K | 0 | -1.56K | 48.15M | -48.15M | -150.25K | 0 |
| Net Change in Cash | -35.95M | -38.56M | 140.5M | 58.21M | -1.43M | -3.12M | -2.36M | -3.26M | 6.29M | 462.51K | -2.31M | -632.86K | 2.31M | -4.66M | 2.16M | -3.03M | -4.45M | -54.56M | 65.84M | -194.31K |
| Free Cash Flow | -38.73M | -41.88M | -24.52M | -13.2M | -16.18M | -10.16M | -2.21M | -4.53M | -4.4M | -4.65M | -7.29M | -8.52M | -8.32M | -9.46M | -5.83M | -4.25M | -3.68M | -4.5M | -4.14M | -481.99K |
| FCF Margin % | -250.33% | -159.62% | -254.21% | -410.23% | -992.9% | -662.21% | -79.43% | -68.43% | -75.2% | -118.32% | -416.86% | -789.53% | -498.64% | -1264.87% | -517.37% | -323.98% | -198.13% | -241.25% | -296.14% | -25.67% |
| FCF Growth % | -193.32% | - | -141.28% | -498.71% | -257.52% | -118.52% | 69.74% | 46.87% | 47.11% | 50.82% | -25.03% | -100.38% | -126.05% | -110.37% | -40.91% | -782.03% | -955.39% | -1239.31% | -1676.65% | -377.53% |
| FCF per Share | -0.32 | -0.35 | -0.25 | -0.14 | -0.19 | -0.13 | -0.03 | -0.06 | -0.08 | -0.08 | -0.13 | -0.16 | -0.15 | -0.17 | -0.11 | -0.08 | -0.07 | -0.09 | -0.12 | -0.02 |
| FCF Conversion (FCF/Net Income) | 1.20x | 1.86x | 1.49x | 0.97x | 0.69x | 0.76x | 0.18x | 0.66x | 0.79x | 0.77x | 1.25x | 0.63x | 1.39x | 1.40x | 1.39x | 0.82x | 1.40x | 1.64x | 2.62x | 0.15x |
| Interest Paid | 0 | 0 | 0 | 8.27K | 0 | 8.27K | 9.91K | 0 | 0 | 0 | 22.59K | 25.1K | 34.14K | 26.78K | 0 | 137.01K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |