Red Cat Posts $40.7 Million Revenue, Outpacing Quantum Computing's $682,000 in 2025
Updated
Updated · Yahoo Finance · Aug 23
Red Cat Posts $40.7 Million Revenue, Outpacing Quantum Computing's $682,000 in 2025
2 articles · Updated · Yahoo Finance · Aug 23
Summary
$40.7 million in fiscal 2025 revenue put Red Cat far ahead of Quantum Computing's $682,000, underscoring the wider commercial scale of its defense-drone business.
Growth was also sharper at Red Cat—up 459.8% year over year versus Quantum Computing's 82.8%—though both companies remained deeply unprofitable, with net losses of $72.1 million and $18.7 million respectively.
Balance sheets showed limited leverage at both firms, with debt-to-equity of 0.1x for Red Cat and zero for Quantum Computing, while current ratios of 15.3x and 102.4x pointed to ample near-term liquidity.
Cash burn remains a key risk: free cash flow was negative $95.8 million at Red Cat and negative $37 million at Quantum Computing, even as both rely heavily on government-linked markets for growth.