Wall Street analysts expect Red Cat Holdings to report Q2 2026 revenue of $22.65 million and a loss per share of $0.21, as the stock trades at approximately $8.86 against a consensus price target of $21.40. Investors are primarily focused on the execution and production scaling of the U.S. Army’s Short Range Reconnaissance (SRR) program, which selected the Black Widow drone as its platform of record.
Recent business momentum includes a $2.49 million U.S. Air Force contract to evaluate the Black Widow for its security forces. With revenue projected to grow more than 600% year-over-year, the market is looking for evidence that the company’s 520% increase in production capacity is successfully converting into large-scale government contract fulfillment and improved gross margins.