Company / R&D Expense
Red Cat Holdings, Inc. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$17.9M
FY2025
5-year range
$2.6M / $17.9M
FY2021-FY2025
Trend
+170.6%
vs FY2024
Sector context
#249 of 263
Information Technology
What the data says
Among 263 Information Technology companies, Red Cat Holdings, Inc. is in the bottom 5% for r&d expense. R&D Expense has increased for 3 consecutive years, from $3M in FY2022 to $18M in FY2025.
Based on SEC 10-K filings.
$18M in FY2025 with a 5-year CAGR of +105.4%.
Improved from $6M to $18M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +90.1%
- 5-Year CAGR
- +105.4%
- 10-Year CAGR
- -
Sector benchmark
Bottom 5% in Information TechnologyTop 95% of 263This company $17.9M Sector average $927.0M
▼
-98.1% below sector average
Key checks
Key Insights
- Red Cat Holdings, Inc.'s r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +105.4%, indicating consistent growth.
- In FY2025, r&d expense increased 170.6% year-over-year.
- Ranks #249 out of 263 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 3.05 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $17.9M | +170.6% |
| FY2024 | $6.6M | +5.5% |
| FY2023 | $6.3M | +140.4% |
| FY2022 | $2.6M | +0.0% |
| FY2021 | $2.6M | +433.0% |
| FY2020 | $489.0K | +0.0% |
| FY2019 | $489.0K | +33.4% |
| FY2018 | $366.6K | -63.1% |
| FY2017 | $993.9K | +15.5% |
| FY2016 | $860.5K | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026