Quarterly ResultMay 14, 2026, 04:09 PM
Unusual Machines Q1 Revenue $8.1M (+296% YoY); Net Income $10.3M
AI Summary
Unusual Machines reported strong first-quarter 2026 results, with revenue surging 296% year-over-year to $8.1 million and GAAP net income reaching $10.3 million, or $0.22 per share. The company continued its rapid expansion, growing headcount to 141 employees by quarter-end and raising $150 million in a public offering. Strategic moves include the acquisition of Upgrade Energy and significant investments in raw materials and production capacity to meet robust demand for NDAA-compliant drone components.
Key Highlights
- Q1 2026 revenue increased 296% year-over-year to $8.1 million.
- GAAP net income for Q1 2026 was $10.3 million, or $0.22 per share.
- Gross margin for Q1 2026 was 33%, down from 36% in Q4 2025.
- Cash and cash equivalents stood at $222.9 million as of March 31, 2026.
- Raised $150 million in a public offering priced at $17 per share.
- Announced the acquisition of Upgrade Energy to accelerate battery production.
- Headcount grew from 81 to 141 employees in Q1 2026, now over 190.
- Generated an operating cash gain of approximately $4.8 million in Q1 2026.