Filing Flows › AgEagle Aerial Systems (UAVS) › Q1 2026
AgEagle Aerial Systems (UAVS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
AgEagle Aerial Systems (UAVS) reported revenue of $1.4M for the first quarter 2026 (Q1 2026), -62% from a year earlier and -53% from the quarter before. Operating margin was -363.8%, net earnings $1.4M (101.4% of revenue).
AgEagle Aerial Systems, Q1 2026: revenue $1.4M (-62% year over year), operating margin -363.8%, net earnings $1.4M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | -53% | -62% |
| Operating profit | −$5.1M | — | — |
| Net earnings | $1.4M | — | -80% |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $1.4M in Q1 2026, down 62% year over year and down 53% from the previous quarter.
Gross margin was 41.7%, down 16.7 points from Q1 2025. Operating costs exceeded revenue by $5.1M, an operating margin of -363.8%. Operating expenses grew 81% against a revenue fall of 62%. The fastest-growing cost line was Sales & marketing (+173%). Net earnings were $1.4M, down 80% year over year. The effective tax rate was 0.0%. Non-operating items added $6.5M, 459% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.4M. Non-cash charges added back $76K of depreciation and amortization and $75K of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $357K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was AgEagle Aerial Systems' revenue in the first quarter 2026?
AgEagle Aerial Systems (UAVS) reported revenue of $1.4M for the first quarter 2026 (Q1 2026), -62% from a year earlier and -53% from the quarter before.
Was AgEagle Aerial Systems profitable in the first quarter 2026?
Operating loss was $5.1M (-363.8% of revenue) and net earnings $1.4M.