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Matternet (MTTN) earnings and revenue breakdown
Latest: Q3 FY26 · 10-Q filed Aug 19, 2026 · Matternet (MTTN) Q3 FY26 earnings results →
Q3 FY26 Revenue down 7% year over year to $121K
Matternet made $121K in Q3 FY26 (-7% Y/Y). Operating margin n/m, net loss $7.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.
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What changed this quarter
Revenue was $121K in Q3 FY26, down 7% year over year.
Operating costs exceeded revenue by $3.9M, an operating margin of -3204.7%. Total costs grew 95% against a revenue fall of 7%. The fastest-growing cost line was General & admin (+131%). The quarter ended with a net loss of $7.9M. Net interest and other expense of $4.0M was the main reason.
Operating cash flow was −$3.4M. Non-cash charges added back $31K of depreciation and $229K of share-based compensation. Working capital and other items added $4.2M. Capital expenditures of $66K exceeded it, leaving free cash flow of −$3.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 FY26 | 10-Q | Aug 19, 2026 | $121K | -7% | n/m | −$7.9M | −$3.4M |
| Q4 FY25 | 10-Q | Nov 13, 2025 | $131K | — | -7.4% | −$10K | −$2.0M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Matternet
Los Altos Ventures Corp. was incorporated in the State of Delaware on June 2, 2025. Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination. The business purpose of the Company is to seek the acquisition of or merger with, an existing company. While the Company has engaged in discussions regarding a potential business combination with one candidate in particular, as of the date of this report, the Company has not entered into any letter of intent or other agreement with that party, neither party is bound by any contractual obligations with respect to a potential business combination involving the Company, and there can be no assurance that these discussions will result in a definitive acquisition agreement or a completed transaction.
In its own words, from its 10-K, filed Mar 30, 2026.
Matternet against its Aircraft peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -7% against the peers' median +76%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MTTN Matternet | Q3 FY26 | $121K | -7% | n/m |
| BA Boeing | Q3 2026 | $24.2B | +4% | 1.5% |
| AVAV AeroVironment | Q1 FY27 | $480M | +6% | -2.3% |
| AVEX Aevex | Q2 2026 | $202M | +100% | 7.6% |
| JOBY Joby Aviation | Q3 2026 | $55.1M | +144% | -504.8% |
| AIRO Airo Group Holdings | Q2 2026 | $43.2M | +76% | 3.8% |
| BETA Beta Technologies | Q3 2026 | $17.7M | +98% | -723.2% |
| ACHR Archer Aviation | Q2 2026 | $5.0M | — | n/m |
| UAVS AgEagle Aerial Systems | Q2 2026 | $2.7M | -36% | -208.7% |
Source: Matternet 10-Q on SEC EDGAR · CIK 2075109 · Aircraft
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History
Every quarter: Q3 FY26 results · Q4 FY25 results