UMAC earnings analysis
What we found in UMAC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Unusual Machines (UMAC) reported notable growth in Q1 2026 with revenues of $8.1 million, representing a 296% increase over the same quarter last year. Despite operating losses of $7.3 million from increased operational costs, the company achieved a diluted EPS of $0.22, outperforming estimates and reflecting an overall bullish outlook as they expand their manufacturing capabilities.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Q1 2026 revenue reached $8,095,836, up 296% from $2,042,300 in Q1 2025.
- Positive Year-Over-Year EPS
- Diluted EPS for Q1 2026 stood at $0.22, beating the consensus estimate of $0.27.
- Significant B2B Revenue Increase
- B2B revenues soared to $7,318,256 in Q1 2026, a stark contrast to just $34,030 in Q1 2025.
- Positive Operating Cash Flow Impacts
- Operating cash flow used increased to $17,412,987 in Q1 2026, driven by inventory and receivable increases.
- Robust Cash Position Enhance Operations
- Cash balances of $222,939,674 as of Q1 2026 strengthens funding for operational needs.
- Major Inventory Investments
- Plans to order $75 million in inventory were announced to meet rising demand.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Operational Loss Despite Revenue Gains
- Operating loss increased to $7,258,987 in Q1 2026 from $3,267,811 in Q1 2025, highlighting margin pressures.
- Negative Cash Flow from Operations
- Net cash used in operating activities rose significantly by $16,219,359, pointing to tight cash flow amidst expansion.
- Rising Expenses Impact Profitability
- Operating expenses jumped to $1,948,899, a 544% increase, which could pressure future profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.22
- Gross margin
- 32.8%
- Segment
- B2B Revenue: $7,318,256
- Segment
- Other Revenue: $777,580
What they said about what is next.
Management anticipates continued revenue growth in 2026 driven by increased manufacturing capacity and demand for drone components.
The filing reads better than the one before it.
What came before.
- 10-K · March 12, 2026
- Unusual Machines reports accelerating top-line growth in 2025 with Q4 revenue of $4,898,360 and implied 2025 full-year revenue of approximately $11,022,360 (sum of quarterly results). The company is shifting from DTC…
- 10-Q · November 6, 2025
- Unusual Machines reported Q3 revenue of $2,134,588, up from $1,531,264 in 2024 Q3 but below consensus of $2,716,188. Gross margin improved to 39.4% (from 26.1% a year ago) and GAAP diluted EPS was $0.05 versus a loss of…
- 10-Q · November 14, 2024
- Unusual Machines reported Q3 revenue of $1,531,264 and GAAP diluted EPS of $(0.30). Gross margin was 26.1% while operating margin was (95.4%), driven by an operating loss of $1,461,052; net loss for the quarter was…
- 10-Q · May 15, 2024
- Unusual Machines reported first-quarter revenue of $618,915 (vs $0 in Q1 2023) following the Feb. 16, 2024 acquisitions and IPO. Gross profit was $204,167 (33.0% gross margin) but operating loss widened to $1,086,352…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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