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. During the quarter, the company also announced the acquisition of California-based Apium Swarm Robotics, Inc. The firm builds distributed control systems for uncrewed surface vessels and swarming drones.