Red Cat’s $35M Army Contract Expansion Drives 646% Q3 Growth, But $16M Loss Raises Sustainability Questions
Red Cat Holdings reported explosive third-quarter revenue growth of 646% year-over-year on November 13, 2025, reaching $9.6 million and beating analyst consensus expectations. The U.S.-based defense drone manufacturer announced its Army Short Range Reconnaissance Tranche 2 contract has expanded to…
