Filing Flows › Guerrilla RF (GUER) › Q3 2026
Guerrilla RF (GUER) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Guerrilla RF (GUER) reported revenue of $10.1M for the third quarter 2026 (Q3 2026), +61% from a year earlier and +26% from the quarter before. Operating margin was 24.1%, net loss $3.7M (37.0% of revenue).
Guerrilla RF, Q3 2026: revenue $10.1M (+61% year over year), operating margin 24.1%, net loss $3.7M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.1M | +26% | +61% |
| Operating profit | $2.4M | +152% | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | $2.3M | -4% | +159% |
| Free cash flow | $2.1M | -8% | +627% |
What changed
Revenue was $10.1M in Q3 2026, up 61% year over year and up 26% from the previous quarter.
Gross margin was 71.7%, up 4.2 points from Q3 2025. Operating profit was $2.4M, a 24.1% margin (up 27.2 points year over year). Operating expenses grew 8% against revenue growth of 61%. The fastest-growing cost line was Sales & marketing (+13%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $2.2M loss. Net interest and other expense of $6.2M was the main reason.
Operating cash flow was $2.3M (up 159% year over year). Non-cash charges added back $349K of depreciation and $100K of share-based compensation. Working capital and other items added $5.6M. Capital expenditures of $259K left free cash flow of $2.1M.
Questions
What was Guerrilla RF's revenue in the third quarter 2026?
Guerrilla RF (GUER) reported revenue of $10.1M for the third quarter 2026 (Q3 2026), +61% from a year earlier and +26% from the quarter before.
Was Guerrilla RF profitable in the third quarter 2026?
Operating profit was $2.4M (24.1% of revenue) and net loss $3.7M.
Source: Guerrilla RF 10-Q on SEC EDGAR.