Red Cat reports 527% revenue growth in Q2 2026
Gross margins increased 39% year-over-year and 27% sequentially. Cash stood at $325.6 million, with full-year revenue target reaffirmed at $150-$180 million.
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Provider of uncrewed systems for defense operations
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In short: Red Cat achieved significant revenue growth while expanding its defense drone portfolio and multi-domain capabilities through acquisitions.
Gross margins increased 39% year-over-year and 27% sequentially. Cash stood at $325.6 million, with full-year revenue target reaffirmed at $150-$180 million.
The firm-fixed-price contract funds technical and operational assessment as potential successor to the Air Force Security Forces' Teal 2 fleet.
Teal is among 19 companies invited to participate at Fort Carson in August 2026 after qualifying in Phase 2.
Built on the proven Black Widow platform, it supports global missions with GPS-denied operation and modular open systems architecture.
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