Guerrilla RF, Inc. (GUER) Form 8-K — Nov 2, 2026
Guerrilla RF reported record Q3 2026 results on November 2, 2026, with revenue up 61% year over year to $10.1 million — its highest quarterly revenue ever — led by Aerospace & Defense, which surged 259% YoY to $4.1 million and now represents about 40% of total revenue. Profitability inflected sharply: gross margin expanded roughly 416 basis points to 71.7%, operating income swung to $2.4 million from a $0.2 million loss a year ago, and Adjusted EBITDA jumped to $2.9 million (28.5% margin) from $0.3 million. Record backlog of $16.2 million, up 19% sequentially, supports visibility into the fourth quarter.
Key figures
- Eps
- -0.35
- Revenue
- 10100000
- Guidance
- Company expressed increasing confidence in sustaining high-margin growth and increasing cash generation; expects GaN portfolio to become a meaningful revenue contributor beginning in 2027. No formal quantitative guidance provided.
- Net Income
- -3700000
- Revenue Yoy
- 61%
- Cash Position
- 6300000
- Gross margin
- 71.7%
- Total assets
- $23.3M
- Adjusted ebitda
- $2.9M (28.5% of revenue vs $0.3M / 4.3% prior year)
- Catalog revenue
- $2.5M, up 32% YoY
- Product backlog
- $16.2M record, up 19% sequentially from $13.6M and vs $6.6M year-ago
- Operating income
- $2.4M (vs -$0.2M prior year)
- Operating margin
- 24.1%
- Total liabilities
- $25.7M
- Automotive revenue
- $2.1M, down 9% YoY, up 11% sequentially
- Shares outstanding
- 10812841
- Warrant liabilities
- $11.1M (up from $3.0M at Dec 31, 2025)
- Stockholders deficit
- -$22.4M
- Infrastructure revenue
- $1.4M, up 78% YoY
- Operating cash flow q3
- $2.3M
- Weighted avg shares q3
- 10720269
- Aerospace defense revenue
- $4.1M, up 259% YoY, ~40% of total revenue vs 18% prior year
- Gross margin expansion bps
- 416
- Warrant fair value charge q3
- $6.0M non-cash
AI analysis
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