A company still losing money, with elevated risk. Institutions are adding.
Going well
Little debt
Watch out for
Share count growing 22.5% a year (dilution)
Losing money, losses are large next to sales
Money moves
Insiders sold $677K in the last 30 days, all through pre-planned sales
Institutions added 33% to their holdings in the quarter ending June 2026 (188 bought, 98 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$4.40-0.5% that day
Company value
$672M
Share price times all shares
Price vs sales
9.4x
No profit over the last year, so this compares value with sales instead
Debt vs value
2%
Debt as a share of company value
From RCAT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$20.2M
Mar '24Tap a barJun '26
Last 12 months: $71.5M. Over 5 years, sales grew about 52% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of RCAT. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$266M
Profit in 5 years$27M
Price these guesses point to$1.62-63% vs $4.40 todayAbout -18% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 59% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-48.7%
PassDebt under half of equityNot relying on borrowed money.0.07x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-177.0%
MissProfitable every yearSteady profits, not one good year.1 of 9 years
MissShare count not growingNot diluting owners. Falling means buybacks.+83.7% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.3.1%
Revenue
$40.7M
5-year growth
+52.1%/yr
revenue, per year
Total debt
$16.5M
0.07x equity
Current ratio
15.29x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: free cash flow positive. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$20.2M
+527.3% YoY
EPS
-$0.26
vs -$0.15
Op. margin
-191.4%
+201.5 pts
Gross margin
16.1%
+4.4 pts
Free cash flow
-$52.6M
Share count
+49.9%
vs a year ago
Insider rating
Last 90 days
45Mixed
Pre-planned sales of $677K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
45/ 100
This week
1
Normal week
1.3
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+33.3%
Institutions added 33.3% to their holdings. 188 bought, 98 sold. 2 quarters of net buying in a row.
Shares held by institutions83.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+39.6%
Cash runwayAt last year's cash burn
44 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $892K debt
Shares outstandingLatest reported
153M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 39.6% a year (dilution)
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 7
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 18
Results filedJan 13
Results filedMar 18, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days