RCAT Red Cat Holdings, Inc.

BULLISH Impact: 6/10 PRESS-RELEASE
Horizon months Filed May 21, 2026 Processed 23d 2h ago Wire GlobeNewswire
Press release: contract
Latest settled — T+5d ⚠ clustered
RCAT ▲ +56.70% at T+5d
LONG call ✓ call won +56.70% · α vs SPY +55.10% · entry $9.03 → $14.15
Next anchor: T+20d in 9d
Currently $11.18 · +23.81% from $9.03 entry
Entry anchored
May 20, 04:00 PM ET
via Databento tick
T+1d
+4.21%
call +4.21% · α +3.76%
$9.41
settled 22d ago
T+5d
+56.70%
call +56.70% · α +55.10%
$14.15
settled 15d ago
T+20d
call — · α —
in 9d
T+60d
call — · α —
in 2mo

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Executive Summary

Red Cat announced a contract to deliver Black Widow drone systems to the Japan Ministry of Defense (ATLA), with delivery expected under Japan Fiscal Year 2026. The deal, fulfilled with Japanese partner HAMA K.K., includes aircraft, ground control stations, and mission-critical components. No contract value was disclosed, limiting immediate financial quantification.

Actionable Insight

The contract signals growing international defense demand for Red Cat's Black Widow platform, but the absence of a disclosed dollar amount limits near-term revenue visibility. Monitor for future contract value disclosures or follow-on orders from Japan or other allied nations. The licensed manufacturing agreement with HAMA K.K. could expand Red Cat's regional footprint.

Key Facts

  • Contract from Japan Ministry of Defense (ATLA) for Black Widow drone systems
  • End-user is Japan Ground Self-Defense Force (JGSDF)
  • Delivery expected under Japan Fiscal Year 2026 (JFY26)
  • Red Cat will fulfill order with Japanese partner HAMA K.K.
  • Systems include Black Widow aircraft, WEB ground control station, and mission-critical components
  • No contract value disclosed in the press release
  • Red Cat expects to deepen local industrial involvement through licensed manufacturing and expanded maintenance capabilities

Financial Impact

Undisclosed — contract value not provided in the release

revenue

Risk Factors

  • No contract value disclosed — revenue impact cannot be quantified
  • Delivery timeline (JFY26) may span multiple quarters, deferring revenue recognition
  • Execution risk in coordinating with Japanese partner and meeting defense procurement requirements
  • Forward-looking statements about deepening local involvement are aspirational and not guaranteed

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
91% bullish (11 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3299129
18 reports for RCAT
Performance horizon
78% Hit rate 7 of 9 directional calls best @ T+20▲ +20.73%Apr 30, 2026
Filters
Rows
Reports for RCAT — sortable, filterable
Type Now
Jun 11, 2026
2d ago
Institutional Cluster
NEUTRAL ★ 4/10
$10.90 awaiting T+5awaiting T+5$11.18 (+2.57%)
May 21, 2026
23d ago
Press Release
BULLISH ★ 6/10
$9.03 $14.15▲ +56.70%▲ +55.10%$11.18 (+23.81%)
May 20, 2026
24d ago
8-K
BEARISH ★ 7/10
$8.94 $10.67▼ −19.35%▼ −18.11%$11.18 (−25.06%)
May 20, 2026
24d ago
Press Release
NEUTRAL ★ 3/10
$8.94 $10.67▲ +19.35%▲ +18.11%$11.18 (+25.06%)
May 14, 2026
29d ago
8-K
BEARISH ★ 7/10
$9.49 $9.41▲ +0.84%▲ +1.81%$11.18 (−17.81%)
May 14, 2026
4w ago
Press Release
NEUTRAL ★ 3/10
$9.74 $9.03▼ −7.29%▼ −6.57%$11.18 (+14.78%)
May 13, 2026
4w ago
Press Release
BEARISH ★ 7/10
$9.40 $8.55▲ +9.04%▲ +7.88%$11.18 (−18.94%)
May 12, 2026
4w ago
424B5
BEARISH ★ 7/10
$9.40 $8.55▲ +9.04%▲ +7.88%$11.18 (−18.94%)
May 12, 2026
4w ago
S-3ASR
BEARISH ★ 6/10
$9.40 $8.55▲ +9.04%▲ +7.88%$11.18 (−18.94%)
Apr 30, 2026
6w ago
DEFA14A
NEUTRAL ★ 2/10
$11.72 $10.62▼ −9.39%▼ −11.11%$11.18 (−4.61%)
Showing 10 of 18

US Market Status

Market Closed — Opens Mon (48h 52m)

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