Unusual Machines, Inc.

Unusual Machines, Inc. Earnings Recaps

UMAC 2 recaps
Next earnings: November 5, 2026 (estimated) · full calendar
Q2 2026 Aug 10, 2026

Shares edged up 1.5% following Unusual Machines' Q2 report, reflecting investor caution despite very strong revenue growth and margin stability as the company continues to invest heavily in scaling.

Key takeaways
  • Revenue soared 687% year-over-year to $16.7 million, more than doubling sequentially, driven nearly entirely by the Enterprise segment.
  • Gross margin improved to 34.7%, slightly below 2025 levels but stable amid rapid expansion and operational scaling.
  • Operating expenses rose to $13.6 million, reflecting increased headcount (from 141 to 240 employees), infrastructure investments, and non-recurring costs totaling $1.8 million.
  • Adjusted EBITDA loss narrowed substantially from $1.6 million in Q1 to $400,000 in Q2, indicating progress toward profitability but still negative.
  • Cash and equivalents totaled approximately $315 million, supported by a $60 million capital raise, leaving the company with a strong liquidity position and no debt.
Q3 2025 Nov 7, 2025

Unusual Machines reported its first profitable quarter with record revenues of $2.1 million, marking a strategic shift towards enterprise sales and a gross margin expansion.

Key takeaways
  • Achieved $2.1 million in quarterly revenue, a 39% increase year-over-year, with year-to-date revenue up 55% at $6.3 million.
  • First quarter where over 50% of revenue originated from enterprise sales, with $16 million in future purchase orders secured.
  • Gross margin improved from 28% to 34% year-to-date, reflecting successful transition from retail to enterprise focus.
  • Cash balance strengthened to over $130 million, after raising $72 million through an ATM offering, providing ample liquidity for growth initiatives.
  • Employee headcount increased from 19 to over 60, showcasing rapid scaling in line with expanding operational demands.