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Unusual Machines (UMAC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Unusual Machines (UMAC) Q3 2026 earnings results →
Q3 2026 Revenue up 551% year over year to $13.9M · 180¢ of every $1 of revenue lost · operating margin -60.2%
Unusual Machines made $13.9M in Q3 2026 (+551% Y/Y): Enterprise Revenue $12.6M, Retail Revenue $1.3M. Operating margin -60.2%, net loss $25.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $13.9M in Q3 2026, up 551% year over year and down 17% from the previous quarter. Enterprise Revenue was the largest line at 90% of revenue. Enterprise Revenue added $11.6M year over year (up 1186%), 98% of the total change.
Gross margin was 35.4%, down 4.0 points from Q3 2025. Operating costs exceeded revenue by $8.4M, an operating margin of -60.2%. Operating expenses grew 129% against revenue growth of 551%. The fastest-growing cost line was Research & development (+790%). The quarter ended with a net loss of $25.0M, wider than the previous quarter's $7.8M loss. Net interest and other expense of $16.7M was the main reason.
Operating cash flow was −$34.7M. Non-cash charges added back $251K of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items used $15.4M. Capital expenditures of $6.0M exceeded it, leaving free cash flow of −$40.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $13.9M | +551% | -60.2% | −$25.0M | −$34.7M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $16.7M | +687% | -46.8% | −$7.8M | −$21.5M |
| Q1 2026 | 10-Q | May 14, 2026 | $8.1M | +296% | -89.7% | $10.3M | −$17.4M |
| Q4 2025 | 10-K | Mar 12, 2026 | $4.9M | +144% | -198.7% | −$10.6M | −$9.8M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $2.1M | +39% | -232.4% | $1.6M | −$7.5M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $2.1M | +50% | -338.5% | −$7.0M | −$2.7M |
| Q1 2025 | 10-Q | May 8, 2025 | $2.0M | +230% | -160.0% | −$3.3M | −$1.2M |
Charts
Interactive views
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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 Unusual Machines
Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low-latency video goggles for drone pilots. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot ecommerce store. With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing, multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $25.2 billion and is set to reach $156 billion by 2034. For more information, please visit unusualmachines.com.
In its own words, from its 8-K, filed Aug 6, 2026.
Unusual Machines against its Radio & Tv Broadcasting & Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +551% against the peers' median +12%. Operating margin: -60.2% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| UMAC Unusual Machines | Q3 2026 | $13.9M | +551% | -60.2% |
| QCOM Qualcomm | Q4 FY26 | $10.3B | -8% | 13.1% |
| MSI Motorola Solutions | Q3 2026 | $3.4B | +12% | 23.0% |
| UI Ubiquiti | Q1 FY27 | $1.0B | +40% | 38.1% |
| VISN Vistance Networks | Q3 2026 | $320M | -38% | 7.2% |
| HLIT Harmonic | Q3 2026 | $149M | +64% | 17.6% |
| AVNW Aviat Networks | Q4 FY26 | $121M | +5% | 4.8% |
| PL Planet Labs PBC | Q2 FY27 | $116M | +58% | -11.6% |
| CMTL Comtech Telecommunications | Q3 FY26 | $106M | -16% | -2.9% |
Source: Unusual Machines 10-Q on SEC EDGAR · CIK 1956955 · Radio & Tv Broadcasting & Communications Equipment
Guidance and outlook
13F: who owns UMAC and who is buying
More on UMAC
- How Unusual Machines makes money: revenue by segment
- Unusual Machines next earnings date and what analysts expect
- Unusual Machines stock forecast, price target and fair value
- Who owns Unusual Machines stock: holders, funds and Congress trades
- Unusual Machines guidance and outlook
- Is Unusual Machines a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results