Quick Answer
Red Cat Holdings, Inc. reported R&D Expense of $17.89 million for fiscal year 2025.
Red Cat Holdings, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $17.89M | +185.5% |
| 2024 | $6.27M | +12.0% |
| 2023 | $5.60M | +114.7% |
| 2022 | $2.61M | +405.0% |
| 2021 | $516.1K | +5.5% |
| 2020 | $489.0K | +33.4% |
| 2019 | $366.6K | -63.1% |
| 2017 | $993.9K | +15.5% |
| 2016 | $860.5K | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $5.97M | +217.5% | +65.9% |
| June 30, 2025 | $3.60M | +1145.0% | +4.8% |
| March 31, 2025 | $3.43M | +28.6% | +53.8% |
| October 31, 2024 | $2.23M | +0.4% | +18.7% |
| September 30, 2024 | $1.88M | — | +15.6% |
| July 31, 2024 | $1.63M | +20.2% | +462.8% |
| June 30, 2024 | $289.0K | — | -89.2% |
| March 31, 2024 | $2.67M | — | +25.6% |
- Red Cat Holdings, Inc. showed an increase of +185.5% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2025 period, Red Cat Holdings, Inc.’s r&d expense has grown by 1978.9% (from $860.5 thousand to $17.89 million).
- The most recent figure is from Red Cat Holdings, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 19, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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