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Red Cat Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for Red Cat Holdings and similar public comparables like Heckler & Koch, Zen Technologies, Aerospace Industrial Development, Electro Optic Systems and more.
Red Cat Holdings Overview
About Red Cat Holdings
Red Cat Holdings Inc is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Red Catβs suite of solutions includes the Arachnid family of ISR and precision strike drones, which includes the Black Widow, a small unmanned ISR system; and WEB (Warfighter Electronic Bridge) GCS, designed to command and control an entire drone family of systems for military operations. Its other offerings include Edge 130 Blue drone systems, Trichon, a fixed-wing VTOL for extended endurance and range, and FANG FPV drones optimized for military operations with precision strike capabilities.
Founded
1984
HQ

Employees
115
Website
Financials (LTM)
EV
$1B
Red Cat Holdings Financials
Red Cat Holdings reported last 12-month revenue of $73M and negative EBITDA of ($43M).
In the same LTM period, Red Cat Holdings generated $11M in gross profit, ($43M) in EBITDA losses, and had net loss of ($64M).
Revenue (LTM)
Red Cat Holdings P&L
In the most recent fiscal year, Red Cat Holdings reported revenue of $41M and EBITDA of ($49M).
Red Cat Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $73M | XXX | $41M | XXX | XXX | XXX |
| Gross Profit | $11M | XXX | $1M | XXX | XXX | XXX |
| Gross Margin | 15% | XXX | 3% | XXX | XXX | XXX |
| EBITDA | ($43M) | XXX | ($49M) | XXX | XXX | XXX |
| EBITDA Margin | (59%) | XXX | (120%) | XXX | XXX | XXX |
| EBIT Margin | (80%) | XXX | (158%) | XXX | XXX | XXX |
| Net Profit | ($64M) | XXX | ($72M) | XXX | XXX | XXX |
| Net Margin | (87%) | XXX | (177%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Red Cat Holdings Stock Performance
Red Cat Holdings has current market cap of $2B, and enterprise value of $1B.
Market Cap Evolution
Red Cat Holdings' stock price is $12.72.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $2B | 0.0% | XXX | XXX | XXX | $-0.59 |
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Start Free TrialRed Cat Holdings Valuation Multiples
Red Cat Holdings trades at 19.1x EV/Revenue multiple, and (32.2x) EV/EBITDA.
EV / Revenue (LTM)
Red Cat Holdings Financial Valuation Multiples
As of April 19, 2026, Red Cat Holdings has market cap of $2B and EV of $1B.
Equity research analysts estimate Red Cat Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Red Cat Holdings has a P/E ratio of (24.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 19.1x | XXX | 34.2x | XXX | XXX | XXX |
| EV/EBITDA | (32.2x) | XXX | (28.4x) | XXX | XXX | XXX |
| EV/EBIT | (23.8x) | XXX | (21.6x) | XXX | XXX | XXX |
| EV/Gross Profit | 125.5x | XXX | 1092.2x | XXX | XXX | XXX |
| P/E | (24.2x) | XXX | (21.4x) | XXX | XXX | XXX |
| EV/FCF | (13.9x) | XXX | (14.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Red Cat Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Red Cat Holdings Margins & Growth Rates
Red Cat Holdings' revenue in the last 12 month grew by 129%.
Red Cat Holdings' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.6M for the same period.
Red Cat Holdings' rule of 40 is 245% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Red Cat Holdings' rule of X is 643% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Red Cat Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 129% | XXX | 265% | XXX | XXX | XXX |
| EBITDA Margin | (59%) | XXX | (120%) | XXX | XXX | XXX |
| EBITDA Growth | (43%) | XXX | (40%) | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 245% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 643% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 19% | XXX | 32% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 48% | XXX | 91% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 27% | XXX | 45% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 167% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Red Cat Holdings Public Comps
See public comps and valuation multiples for other Automation & Robotics and Autonomous Tech comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Red Cat Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Heckler & Koch | XXX | XXX | XXX | XXX | XXX | XXX |
| Zen Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Aerospace Industrial Development | XXX | XXX | XXX | XXX | XXX | XXX |
| Electro Optic Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Ennoconn | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Red Cat Holdings M&A Activity
Red Cat Holdings acquired XXX companies to date.
Last acquisition by Red Cat Holdings was on XXXXXXXX, XXXXX. Red Cat Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Red Cat Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRed Cat Holdings Investment Activity
Red Cat Holdings invested in XXX companies to date.
Red Cat Holdings made its latest investment on XXXXXXXX, XXXXX. Red Cat Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Red Cat Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Red Cat Holdings
| When was Red Cat Holdings founded? | Red Cat Holdings was founded in 1984. |
| Where is Red Cat Holdings headquartered? | Red Cat Holdings is headquartered in United States. |
| How many employees does Red Cat Holdings have? | As of today, Red Cat Holdings has over 115 employees. |
| Who is the CEO of Red Cat Holdings? | Red Cat Holdings' CEO is Jeffrey M. Thompson. |
| Is Red Cat Holdings publicly listed? | Yes, Red Cat Holdings is a public company listed on Nasdaq. |
| What is the stock symbol of Red Cat Holdings? | Red Cat Holdings trades under RCAT ticker. |
| When did Red Cat Holdings go public? | Red Cat Holdings went public in 2002. |
| Who are competitors of Red Cat Holdings? | Red Cat Holdings main competitors are Heckler & Koch, Zen Technologies, Aerospace Industrial Development, Electro Optic Systems. |
| What is the current market cap of Red Cat Holdings? | Red Cat Holdings' current market cap is $2B. |
| What is the current revenue of Red Cat Holdings? | Red Cat Holdings' last 12 months revenue is $73M. |
| What is the current revenue growth of Red Cat Holdings? | Red Cat Holdings revenue growth (NTM/LTM) is 129%. |
| What is the current EV/Revenue multiple of Red Cat Holdings? | Current revenue multiple of Red Cat Holdings is 19.1x. |
| Is Red Cat Holdings profitable? | No, Red Cat Holdings is not profitable. |
| What is the current EBITDA of Red Cat Holdings? | Red Cat Holdings has negative EBITDA and is not profitable. |
| What is Red Cat Holdings' EBITDA margin? | Red Cat Holdings' last 12 months EBITDA margin is (59%). |
| What is the current EV/EBITDA multiple of Red Cat Holdings? | Current EBITDA multiple of Red Cat Holdings is (32.2x). |
| What is the current FCF of Red Cat Holdings? | Red Cat Holdings' last 12 months FCF is ($100M). |
| What is Red Cat Holdings' FCF margin? | Red Cat Holdings' last 12 months FCF margin is (137%). |
| What is the current EV/FCF multiple of Red Cat Holdings? | Current FCF multiple of Red Cat Holdings is (13.9x). |
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