Red Cat Holdings, Inc. (RCAT) Return on equity 2018–2025
Red Cat Holdings, Inc. (RCAT) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-29.3%FY2025 · since FY2018: -527.5% → -29.3%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -29.3% | — |
| FY2023 | -55.2% | -3.9 pp |
| FY2022 | -51.3% | -36.5 pp |
| FY2021 | -14.8% | +236.6 pp |
| FY2020 | -251.3% | -146.6 pp |
| FY2019 | -104.8% | +422.8 pp |
| FY2018 | -527.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice