13FPulse
RC

RCAT RED CAT HOLDINGS INC

2026Q2 · CUSIP 75644T100 · Space & Defense Tech · Sector: Technology

Cooling

Net holder growth weakened from last quarter

Funds that own it
275
Institutions that reported holding it to the SEC
Net increase in holders
+10
Last quarter 265 → now 275
How unusual is that
Above average
Stronger buying than 69% of US stocks
What the filings say, in one paragraph

275 funds held RCAT at the end of 2026Q2, up 10 from the quarter before. Buying has come off its highs, but funds are not exiting. On the business itself, revenue over the last 12 months was $72M, return on equity is -20.7%. RCAT has had 4 buying rushes in its history, and the price moved +14.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Space & Defense Tech.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2021Q3: holders=26 2021Q4: holders=32 2022Q1: holders=35 2022Q2: holders=38 2022Q3: holders=35 2022Q4: holders=37 2023Q1: holders=35 2023Q2: holders=35 2023Q3: holders=29 2023Q4: holders=38 2024Q1: holders=36 2024Q2: holders=44 2024Q3: holders=61 2024Q4: holders=103 2025Q1: holders=113 2025Q2: holders=149 2025Q3: holders=188 2025Q4: holders=210 2026Q1: holders=265 2026Q2: holders=275 -55 -27.5 +0 +27.5 +55 23156289 21Q322Q122Q323Q123Q324Q124Q325Q125Q326Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 4 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 5% +16.9%
2025Q3 Top 10% +35.3% +89.5%
2025Q2 Top 10% +13.9% -22.1%
2024Q4 Top 20% -28.4% -22.9%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
128
Change in large funds
+12
Total value they hold
$879M
Funds buying for the first time
73
Funds that sold out entirely
63
Price change that quarter
-3.8%
Funds holding puts (bearish)
14
Funds holding calls (bullish)
15

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-0.79
EPS YoY
Revenue (TTM)
$0.1B
Revenue YoY
Net margin
-136.3%
ROE
-20.7%
Debt ratio
10.7%
FCF (TTM)
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2024-03-31: EPS -0.09 2024-06-30: EPS -0.11 2024-09-30: EPS -0.16 2025-03-31: EPS -0.27 2025-06-30: EPS -0.15 2025-09-30: EPS -0.16 2025-12-31: EPS -0.15 2026-03-31: EPS -0.22 2026-06-30: EPS -0.26 0M 13M 26M $M -0.30 -0.15 0.00 20242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-42M-21M0K 2015201620182019202020212022202420252026
Latest quarter $-39M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.