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Investors in Thailand can buy RCAT through 3 mutual funds open to retail investors. Most of them (3 funds) don't buy the stock themselves. Instead they invest in a master fund abroad, which in turn holds RCAT.
Showing 3 of 3 funds you can buy · The full list is in the Expert view · Latest weights from portfolio reports, and funds can change their portfolios at any time · Past performance is not a guarantee of future performance
RCAT share price
0.00%
Price change over the selected periodN/A
50-day average
200-day average
Valuation and key ratios
Red Cat Holdings, Inc. · NASDAQ · Fiscal year ends in January
Market cap625.8M USD0.15 billion shares
P/EN/AFY2025 EPS is negative
Forward P/EN/ABased on forecast 12-month earnings
P/SN/A
EV/EBITDAN/A
Dividend yield0.00%0.00 USD per share a year
ROE−49.8%Net profit ÷ shareholders' equity
Debt to equity (D/E)0.00xInterest-bearing debt
BetaN/AAgainst the S&P 500
Gross margin2.4%FY2025
Operating margin−163.4%FY2025
Net margin−175.6%FY2025
Price ratios use the latest close shown on this page · Forward P/E, P/S, EV/EBITDA and Beta aren't available for this company yet
Company health made simple
From the FY2025 statements
Sales growth69.2%Fast growth
Yearly average over the last 4 years · Latest annual sales 41.0M USD
Profit from sales−176%Thin margin
For every 100 dollars of sales, about −176 dollars is left as net profit
Dividend0.00%No dividend
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price−56.9%Down
Now 76.4% below its 1-year high
A rise or fall in the share price doesn't move a fund by the same amount — a fund is affected only in proportion to how much it holds
Financial statements
Revenue grows 69.2% a year on average · EPS grows N/A a year on average
Annual · last 5 fiscal years
Revenue and net profit
FY20215.0M USD−13.0M USD
FY20226.0M USD−12.0M USD
FY20235.0M USD−28.0M USD
FY202418.0M USD−24.0M USD
FY202541.0M USD−72.0M USD
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY20253.0M USD−13.0M USD
Q3 FY202510.0M USD−16.0M USD
Q4 FY202526.0M USD−20.0M USD
Q1 FY202615.0M USD−27.0M USD
Q2 FY202620.0M USD−35.0M USD
Total revenue
Net profit
Annual income statement, balance sheet and cash flow
Item (USD)
FY2021
FY2022
FY2023
FY2024
FY2025
Total revenue
5.0M USD
6.0M USD
5.0M USD
18.0M USD
41.0M USD
Gross profit
1.0M USD
1.0M USD
−1.0M USD
4.0M USD
1.0M USD
Operating profit
N/A
N/A
−26.0M USD
−19.0M USD
−67.0M USD
Net profit
−13.0M USD
−12.0M USD
−28.0M USD
−24.0M USD
−72.0M USD
EPS (diluted)
−0.56
N/A
N/A
−0.20
−0.73
Gross margin
20.0%
16.7%
−20.0%
22.2%
2.4%
Operating margin
N/A
N/A
−520.0%
−105.6%
−163.4%
Net margin
−260.0%
−200.0%
−560.0%
−133.3%
−175.6%
Operating cash flow
−1.0M USD
−16.0M USD
−29.0M USD
N/A
N/A
Free cash flow
N/A
−16.0M USD
−32.0M USD
N/A
N/A
Total assets
12.0M USD
85.0M USD
61.0M USD
49.0M USD
274.0M USD
Total liabilities
6.0M USD
6.0M USD
6.0M USD
5.0M USD
28.0M USD
Shareholders' equity
6.0M USD
79.0M USD
55.0M USD
44.0M USD
246.0M USD
Free cash flow = operating cash flow − capital expenditure · A cell showing N/A is an item the statement doesn't report, not a zero · Source: SEC EDGAR
Technical analysis
Closed at 4.09 USD on 4 Nov 2026
Daily trendClear downtrendScore −0.50 on a scale of −1 to +1 · 1255 bars
RSI(14)
27.2
ADX(14)
56.5
Position in the price range
0%
Weekly trendClear downtrendScore −1.00 on a scale of −1 to +1 · 262 bars
RSI(14)
32.9
ADX(14)
17.3
Position in the price range
0%
Monthly trendClear downtrendScore −0.50 on a scale of −1 to +1 · 61 bars
RSI(14)
42.3
ADX(14)
44.0
Position in the price range
21%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
4.57
4.58
Below
20 days
4.80
4.95
Below
50 days
6.39
6.14
Below
100 days
7.83
7.54
Below
200 days
10.35
8.76
Below
Indicators (daily)
Indicator
Value
Signal
RSI(14)
27.19
Up
MACD(12,26)
−0.56
Down
ADX(14)
56.46
Neutral
ATR(14) % of price
4.77
Neutral
Support and resistance (weekly pivots)
s34
s24
s14
p5
r15
r25
r36
Trend score = average of the moving-average group and the indicator group ((up signals − down signals) ÷ number of signals) · RSI and ATR use Wilder's method · MACD uses the 12- and 26-period EMA · An ADX of 25 or above counts as a clear trend · Calculated from daily closing prices from Market data · Not investment advice
Thai funds holding RCAT
3 funds · Highest 4.26% · Median 4.20%
How the weights are spread
Number of funds by weight range
0
0
3
0
0
0
< 1%1–3%3–5%5–8%8–12%12%+
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
One fund counted per scheme · Funds investing through a master fund show the master fund's weight in RCAT, not the look-through weight · Past performance is not a guarantee of future performance
How Thai money reaches RCAT
2 master funds
Master fund
Thai funds using this route
Master fund's RCAT weight
VanEck Space Innovators UCITS ETF
2
4.26%
Defiance Drone & Modern Warfare ETF
1
4.20%
Data sourcesFunds that buy the stock themselves: top 5 holdings from the AMC's fact sheet as of 30 Sep 2026 · Funds that invest through a master fund: the master fund's portfolio from its issuer's fact sheet or prospectus · Each scheme counts as one fund · Share price: Market data · Financial statements: SEC EDGAR · Weights are as of the report date, and funds can change their portfolios at any time · Investing involves risk. This is not investment advice.
SCBSPACE(A)SCB Space Innovation
DAOL-DRONEDAOL DRONE AND MODERN WARFARE FUND
A-JEDIAtrackers Space Innovators Fund