Unusual Machines Third Quarter 2026 Shareholder Letter
Unusual Machines posted Q3 2026 revenue of $13.9 million, up 551% year-over-year, though down 17% quarter-over-quarter — still at the high end of its targets. GAAP net loss widened to $25.0 million (($0.50)/share), driven almost entirely by an $18.4 million unrealized loss on short-term investments and $5.5 million of stock compensation; adjusted EBITDA loss was just $0.7 million, and gross margin held at 35.4%. The company ended the quarter with $162 million in cash and $342 million of working capital, closed the Upgrade Energy acquisition adding battery production, and cited a $16.9 million Powerus order plus allocated DoW program funding supporting demand through at least Q1 2027.
Key figures
- Revenue
- 13903032
- Guidance
- Targeting positive adjusted EBITDA in 2027; expects demand not to be limiting through 2027; working toward 40% gross margin target but achievement may take longer
- Revenue Yoy
- 551%
- Cash
- 161965505
- Revenue Qo Q
- -17%
- Gross margin
- 35.4%
- Working capital
- 342100000
- Headcount q3 end
- 276
- Headcount current
- 340
- Stock compensation
- 5500000
- Inventory and prepaid
- 65900000
- Upgrade energy q3 revenue
- 3320000
- Top product revenue concentration
- 19%
AI analysis
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