Unusual Machines, Inc.

Unusual Machines, Inc. reported FY 2025 revenue of $11.2M, a 101% increase from $5.6M in FY 2024, driven by the establishment and growth of its B2B enterprise business and NDAA/Blue UAS products. Despite this growth, the company incurred a net loss of $19.2M, an improvement from a $32.0M net loss in the prior year. The net loss was primarily driven by significant operating expenses, including $23.9M in general and administrative costs (which contained $15.6M in non-cash stock compensation) and a $25.2M operating loss. This was partially offset by $5.9M in other income, largely from interest and gains on short-term investments. The company ended the year with a strong liquidity position, holding $103.3M in cash and $39.2M in short-term investments, bolstered by $157.8M in net cash provided by financing activities from multiple equity offerings. Management expects revenue to continue growing in 2026 as manufacturing capacity expands.

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