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Unusual Machines (UMAC) Q3 FY2026 earnings: revenue $14 million, up 551.3% on the year

Unusual Machines, Inc. (UMAC) reported revenue of $14 million for Q3 FY2026, the quarter ended 30 September 2026, up 551.3% on the same quarter a year earlier. Net income was -$25 million, and diluted earnings per share $-0.50. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$14 million
+551.3% on the year · -16.9% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-60.2%
-232.4% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$25 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.50
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 new.

  • Revenue rose 551% year over year: Revenue was $13.9 million, up 551% from $2.1 million in the third quarter of 2025.
  • Net loss mostly non-cash: Net loss was $25.0 million, or $0.50 per diluted share, largely from non-cash items: an unrealized investment loss and stock compensation.
  • Gross margin held at 35.4%: Gross margin was 35.4% against 39.4% a year earlier; management attributed the decline to ramping component manufacturing, a shift to enterprise revenue and near-term inventory costs.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue13.916.72.1-16.9%+551.3%
Cost of revenue9.010.91.3-17.7%+594.4%
Gross profit4.95.80.8-15.3%+485.0%
Gross margin35.4%34.7%39.4%
Research and development0.40.40.0-18.6%+790.4%
Operating income-8.4-7.8-5.0
Operating margin-60.2%-46.8%-232.4%
Interest expense0.00.00.0
Net income-25.0-7.81.6
Net margin-180.1%-46.5%75.1%
Diluted EPS-$0.50-$0.16$0.05
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow-34.7-21.5-7.5
Capital expenditure6.0n/a1.3+363.8%
Free cash flow-40.6n/a-8.8
Free cash flow margin-292.3%n/a-413.2%
Cash from investing-33.1-30.4-12.2
Cash from financing0.258.545.1-99.7%-99.6%
Depreciation and amortisation0.10.10.0-13.9%+188.9%
Share-based compensation5.55.62.1-2.8%+161.0%
Diluted shares, weighted50m49m31m+2.8%+63.4%
Shares outstanding at period end50m50m32m+0.1%+58.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity369388106-5.0%+247.7%
Debt0.00.00.0
Operating lease liabilities2.72.41.0+13.3%+164.9%
Other liabilities10.37.06.0+46.3%+70.7%
Total liabilities and equity382397113-4.0%+237.5%
Fixed assets8.52.71.7+213.5%+391.7%
Goodwill15.615.67.40.0%+110.7%
Intangible assets2.42.52.2-2.4%+10.6%
Investmentsn/an/a16.8
Cash and equivalents16223064.3-29.5%+151.9%
Receivables18.79.30.3+100.4%+5,942.2%
Inventory42.621.93.1+94.5%+1,266.8%
Other assets13211617.2+13.8%+665.9%
Total assets382397113-4.0%+237.5%

Questions

What was Unusual Machines' revenue in Q3 FY2026?

Unusual Machines (UMAC) reported revenue of $14 million for Q3 FY2026, the quarter ended 30 September 2026, up 551.3% on the same quarter a year earlier.

How much did Unusual Machines earn in Q3 FY2026?

Net loss for Q3 FY2026 was $25 million, and the diluted loss per share $0.50.

When did Unusual Machines report Q3 FY2026 results?

Unusual Machines filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 15 quarters

Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue0.00.00.00.00.61.41.52.02.02.12.14.98.116.713.9
Cost of revenue0.00.00.00.00.41.01.11.41.51.31.33.15.410.99.0
Gross profit0.00.00.00.00.20.40.40.60.50.80.81.82.75.84.9
Gross marginn/an/an/an/a33%28%26%28%24%37%39%36%33%35%35%
R&D0.00.00.00.00.00.00.00.00.00.10.00.10.10.40.4
Operating income-0.6-0.4-0.4-0.4-1.1-1.6-1.5-12.9-3.3-7.2-5.0-9.7-7.3-7.8-8.4
Operating marginn/an/an/an/a-176%-111%-95%-642%-160%-339%-232%-199%-90%-47%-60%
Interest expense0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Pre-tax income-0.6n/an/an/a-1.1n/an/an/a-3.3n/an/an/a10.3n/an/a
Tax raten/an/an/an/an/an/an/an/an/an/an/an/a0%n/an/a
Net income-1.2-0.4-0.4-0.4-1.1-1.6-2.1-27.1-3.3-7.01.6-10.610.3-7.8-25.0
Net marginn/an/an/an/a-179%-114%-140%-1353%-160%-328%75%-216%127%-47%-180%
Diluted EPS-$0.17-$0.13-$0.11n/a-$0.18-$0.16-$0.30-$3.20-$0.21-$0.32$0.05n/a$0.21-$0.16-$0.50
Operating cash flow-0.5-0.5-0.4-0.8-1.2-1.0-0.5n/a-1.2-2.7-7.5-9.8-17.4-21.5-34.7
Capital expendituren/an/an/an/an/an/a0.0n/a0.00.31.30.50.7n/a6.0
Free cash flown/an/an/an/an/an/a-0.5n/a-1.2-2.9-8.8-10.3-18.1n/a-40.6
Shares outstanding9m6m8m3m9m10m6m15m17m25m32m38m48m50m50m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.