Guerrilla RF, Inc. (GUER) Form 10-Q — Nov 2, 2026
Guerrilla RF posted Q3 FY2026 revenue of $10.1 million, up 61% year over year, with Aerospace & Defense revenue up 259% to $4.1 million and now 40% of product revenue. Gross margin improved 416 basis points to 71.7%, and the company swung to $2.4 million of operating income from a $0.2 million operating loss a year ago. GAAP net loss nevertheless widened to $3.7 million ($0.35 per share) versus $0.6 million, driven almost entirely by a $6.0 million non-cash loss on the change in fair value of warrant liabilities; the warrant liability balance grew to $11.1 million as the stock appreciated.
Key figures
- Revenue
- 10096200
- Revenue Yoy
- 61% (Q3), 53% (nine months)
- Total Assets
- 23327718
- Cash Position
- 6321292
- Shares Outstanding
- 10915344
- Q3 gross margin
- 71.7%
- Adjusted ebitda q3
- 2877000
- Nine month revenue
- 24569564
- Q3 operating income
- 2428257
- Total debt maturity
- 5407269
- Product backlog millions
- 16.2
- Adjusted ebitda nine month
- 4828000
- Warrant fair value loss q3
- 5991315
- Nine month operating income
- 3345547
- Warrant liabilities balance
- 11064862
- Operating cash flow nine month
- 3506713
- Series a preferred stated value
- 22000000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.