New York, Jan 22, 2026, 14:45 EST — Regular session
- Shares of Red Cat Holdings climbed roughly 15% on Thursday, pushing the rally into its second consecutive week of strong advances.
- The company has announced an Innovation Day on Feb. 27, with product updates and live demos planned.
- A BlackRock filing revealed the asset manager owned a 7.3% stake as of year-end.
Shares of Red Cat Holdings Inc surged once more on Thursday, climbing 14.9% to $17.95 amid heavy volume, as investors braced for the drone maker’s upcoming update cycle.
The run matters now because Red Cat’s rally hinges on both revenue momentum and a market eager to revalue anything linked to U.S. defense-drone demand. Traders are keen for new specifics on what the company can deliver this year—and at what margins.
Red Cat announced it will hold an Innovation Day on Feb. 27 at its West Palm Beach, Florida headquarters. The event includes corporate updates, a product roadmap, and a live Q&A. Attendees will also see demonstrations from its new maritime division, Blue Ops. (Red Cat Holdings, Inc.)
Another SEC filing highlighted growing institutional interest. BlackRock disclosed beneficial ownership of 8,761,474 Red Cat shares, accounting for 7.3% of the class, in an amended Schedule 13G dated Jan. 21, covering holdings as of Dec. 31. Schedule 13G filings usually indicate passive investor status. (Red Cat Holdings, Inc.)
Red Cat’s shares jumped after last week’s preliminary revenue update, which projected fourth-quarter 2025 revenue between $24.0 million and $26.5 million. The full-year forecast stood at $38.0 million to $41.0 million, though both figures remain unaudited and could change. CEO Jeff Thompson attributed the stronger-than-expected results to robust demand from defense and government clients, along with the company’s improved production capacity. (Red Cat Holdings, Inc.)
Analyst notes have supported the stock’s momentum. Northland lifted its price target, describing Red Cat as “uniquely positioned as a leading” player in unmanned aircraft systems and unmanned surface vessels, per a Nasdaq.com report. (Nasdaq)
Red Cat specializes in small unmanned aircraft systems, or sUAS — compact drones designed for surveillance and various missions — and is expanding into uncrewed surface vessels, or USVs, through Blue Ops. Their approach spans multiple domains: air and sea, linked directly to defense procurement.
The U.S. military drone market is packed, with primes and niche players competing fiercely for pilots, contracts, and renewal deals. For smaller firms like Red Cat, stock moves often respond more to news bursts than to underlying fundamentals—particularly when trading volume surges.
But there are caveats. The revenue numbers Red Cat reported are preliminary and unaudited. Plus, government demand tends to be irregular—budgets, testing, and procurement shifts can delay orders unexpectedly. (Red Cat Holdings, Inc.)
Investors will be watching closely to see if Thursday’s surge sticks through the close after some early volatility, and if options activity and short-covering push the rally further.
Red Cat’s leadership will take the stage on Feb. 27 at Innovation Day, showcasing live demos and answering questions. This event should offer a clearer glimpse into demand and execution plans for 2026. (Red Cat Holdings, Inc.)
