Red Cat Holdings Inc (RCAT) - Net Assets
Based on the latest financial reports, Red Cat Holdings Inc (RCAT) has net assets worth $245.83 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($277.61 Million) and total liabilities ($31.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Red Cat Holdings Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $245.83 Million |
| % of Total Assets | 88.55% |
| Annual Growth Rate | 14.04% |
| 5-Year Change | 851.7% |
| 10-Year Change | N/A |
| Growth Volatility | 388.5 |
Red Cat Holdings Inc - Net Assets Trend (1996–2025)
This chart illustrates how Red Cat Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore RCAT asset base for the complete picture of this company's asset base.
Annual Net Assets for Red Cat Holdings Inc (1996–2025)
The table below shows the annual net assets of Red Cat Holdings Inc from 1996 to 2025. For live valuation and market cap data, see market cap of Red Cat Holdings Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $50.12 Million | +15.05% |
| 2024-04-30 | $43.56 Million | -20.46% |
| 2023-04-30 | $54.77 Million | -29.71% |
| 2022-04-30 | $77.92 Million | +1379.52% |
| 2021-04-30 | $5.27 Million | +244.43% |
| 2020-04-30 | $1.53 Million | +916.46% |
| 2019-04-30 | $-187.27K | +94.43% |
| 2018-04-30 | $-3.36 Million | +37.13% |
| 2017-04-30 | $-5.34 Million | -2808.48% |
| 2016-04-30 | $-183.71K | -114.52% |
| 2015-04-30 | $1.27 Million | +352.91% |
| 2014-04-30 | $279.34K | +473.97% |
| 2013-04-30 | $48.67K | +104.66% |
| 2012-04-30 | $-1.05 Million | -7.70% |
| 2011-04-30 | $-970.75K | -2.04% |
| 2010-04-30 | $-951.37K | -9.69% |
| 2009-04-30 | $-867.34K | +31.42% |
| 2008-04-30 | $-1.26 Million | +7.26% |
| 2007-04-30 | $-1.36 Million | +22.02% |
| 2006-04-30 | $-1.75 Million | -26.72% |
| 2005-04-30 | $-1.38 Million | +25.02% |
| 2004-04-30 | $-1.84 Million | +46.65% |
| 2003-04-30 | $-3.45 Million | +5.74% |
| 2002-04-30 | $-3.66 Million | -363.29% |
| 2001-04-30 | $-790.00K | -137.62% |
| 2000-04-30 | $2.10 Million | +81.03% |
| 1999-04-30 | $1.16 Million | -22.67% |
| 1998-04-30 | $1.50 Million | +29.31% |
| 1997-04-30 | $1.16 Million | +4.50% |
| 1996-04-30 | $1.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Red Cat Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12352470300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $85.22K | 0.17% |
| Other Components | $174.78 Million | 348.72% |
| Total Equity | $50.12 Million | 100.00% |
Red Cat Holdings Inc Competitors by Market Cap
The table below lists competitors of Red Cat Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genimous Technology Co Ltd
SHE:000676
|
$1.36 Billion |
|
Natural Resource Partners LP
NYSE:NRP
|
$1.36 Billion |
|
Parksystems Corp
KQ:140860
|
$1.36 Billion |
|
Huafon Microfibre Shanghai Co
SHE:300180
|
$1.36 Billion |
|
Nanfang Pump Industry
SHE:300145
|
$1.36 Billion |
|
Enovis Corp
NYSE:ENOV
|
$1.36 Billion |
|
IMMUNOCORE HLDGS ADS/1
F:6YG
|
$1.36 Billion |
|
Xiamen Kingdomway Group Co
SHE:002626
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Red Cat Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 43,564,530 to 50,119,553, a change of 6,555,023 (15.0%).
- Net loss of 65,420,957 reduced equity.
- Other comprehensive income decreased equity by 4,621.
- Other factors increased equity by 71,980,601.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-65.42 Million | -130.53% |
| Other Comprehensive Income | $-4.62K | -0.01% |
| Other Changes | $71.98 Million | +143.62% |
| Total Change | $- | 15.05% |
Book Value vs Market Value Analysis
This analysis compares Red Cat Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17.26x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.00x to 17.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-04-30 | $18125.00 | $11.23 | x |
| 1998-04-30 | $23437.50 | $11.23 | x |
| 1999-04-30 | $18125.00 | $11.23 | x |
| 2000-04-30 | $32812.50 | $11.23 | x |
| 2001-04-30 | $-12343.75 | $11.23 | x |
| 2002-04-30 | $-57187.50 | $11.23 | x |
| 2003-04-30 | $-53906.25 | $11.23 | x |
| 2004-04-30 | $-31883.56 | $11.23 | x |
| 2005-04-30 | $-21563.34 | $11.23 | x |
| 2006-04-30 | $-22420.95 | $11.23 | x |
| 2007-04-30 | $-17484.31 | $11.23 | x |
| 2008-04-30 | $-16214.22 | $11.23 | x |
| 2009-04-30 | $-11119.69 | $11.23 | x |
| 2010-04-30 | $-12197.10 | $11.23 | x |
| 2011-04-30 | $-12287.96 | $11.23 | x |
| 2012-04-30 | $-13068.56 | $11.23 | x |
| 2013-04-30 | $529.01 | $11.23 | x |
| 2014-04-30 | $3036.35 | $11.23 | x |
| 2015-04-30 | $1244.02 | $11.23 | x |
| 2016-04-30 | $-5.33 | $11.23 | x |
| 2017-04-30 | $-152.79 | $11.23 | x |
| 2018-04-30 | $-57.84 | $11.23 | x |
| 2019-04-30 | $-9.73 | $11.23 | x |
| 2020-04-30 | $0.11 | $11.23 | x |
| 2021-04-30 | $0.22 | $11.23 | x |
| 2022-04-30 | $1.62 | $11.23 | x |
| 2023-04-30 | $1.02 | $11.23 | x |
| 2024-04-30 | $0.72 | $11.23 | x |
| 2025-04-30 | $0.65 | $11.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Red Cat Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -130.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -899.20%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.11x
- Recent ROE (-130.53%) is below the historical average (13.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -49.55% | -196.43% | 0.08x | 3.20x | $-661.00K |
| 1997 | 12.07% | 4.15% | 0.75x | 3.90x | $24.00K |
| 1998 | 14.67% | 10.58% | 0.57x | 2.44x | $70.00K |
| 1999 | -131.90% | -250.82% | 0.18x | 2.90x | $-1.65 Million |
| 2000 | -32.86% | -98.57% | 0.20x | 1.70x | $-900.00K |
| 2001 | 0.00% | -1119.48% | 0.39x | 0.00x | $-8.54 Million |
| 2002 | 0.00% | -18300.00% | 0.02x | 0.00x | $-3.29 Million |
| 2003 | 0.00% | -6500.00% | 0.01x | 0.00x | $-305.00K |
| 2004 | 0.00% | 43.10% | 1.02x | 0.00x | $621.20K |
| 2005 | 0.00% | 58.14% | 1.13x | 0.00x | $652.53K |
| 2006 | 0.00% | 0.00% | -0.59x | 0.00x | $-234.08K |
| 2007 | 0.00% | 98.34% | 2.74x | 0.00x | $521.44K |
| 2008 | 0.00% | 91.65% | 0.89x | 0.00x | $225.54K |
| 2009 | 0.00% | 93.49% | 2.84x | 0.00x | $484.11K |
| 2010 | 0.00% | 0.00% | -0.59x | 0.00x | $11.10K |
| 2011 | 0.00% | -925.99% | 0.09x | 0.00x | $26.70K |
| 2012 | 0.00% | 0.00% | -0.84x | 0.00x | $19.81K |
| 2013 | 1711.45% | 2623.95% | 0.21x | 3.11x | $828.08K |
| 2014 | 56.70% | 1870.72% | 0.03x | 1.10x | $130.46K |
| 2015 | -581.76% | -17485.24% | 0.03x | 1.24x | $-7.49 Million |
| 2016 | 0.00% | -5872.85% | 0.05x | 0.00x | $-363.36K |
| 2017 | 0.00% | -1658.21% | 0.35x | 0.00x | $-2.84 Million |
| 2018 | 0.00% | 120988.96% | 0.00x | 0.00x | $1.46 Million |
| 2019 | 0.00% | -714.68% | 0.17x | 0.00x | $-473.56K |
| 2020 | -104.77% | -396.58% | 0.14x | 1.84x | $-1.75 Million |
| 2021 | -251.34% | -264.75% | 0.43x | 2.22x | $-13.76 Million |
| 2022 | -15.00% | -181.82% | 0.08x | 1.09x | $-19.48 Million |
| 2023 | -51.32% | -608.27% | 0.08x | 1.11x | $-33.58 Million |
| 2024 | -55.21% | -134.85% | 0.37x | 1.11x | $-28.41 Million |
| 2025 | -130.53% | -899.20% | 0.13x | 1.11x | $-70.43 Million |
Industry Comparison
This section compares Red Cat Holdings Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,316,648,343
- Average return on equity (ROE) among peers: 1.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Red Cat Holdings Inc (RCAT) | $245.83 Million | -49.55% | 0.13x | $1.36 Billion |
| Archer Aviation Inc (ACHR) | $35.90 Million | -69.08% | 0.16x | $3.99 Billion |
| AAR Corp (AIR) | $196.70 Million | 5.08% | 1.01x | $4.37 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $14.96 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $203.46 Million |
| Astronics Corporation (ATRO) | $140.07 Million | 20.96% | 4.05x | $2.27 Billion |
| AeroVironment Inc (AVAV) | $34.30 Million | 33.26% | 0.89x | $9.09 Billion |
| Axon Enterprise Inc. (AXON) | $1.27 Billion | 11.60% | 1.25x | $28.25 Billion |
| The Boeing Company (BA) | $9.90 Billion | 3.97% | 1.23x | $172.93 Billion |
| Beta Technologies, Inc. (BETA) | $385.44 Million | -45.55% | 0.50x | $3.58 Billion |
| BWX Technologies Inc (BWXT) | $637.24 Million | 48.00% | 2.93x | $19.82 Billion |
About Red Cat Holdings Inc
Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States. The company designs and manufactures small and tactical unmanned aircraft systems (UAS), such as BLACK WIDOW, a short-range reconnaissance war fighter with selectable integrated AI software capabilities; TEAL 2, a blue UAS p… Read more