AgEagle Aerial Systems Inc.

Listed Company

UAVSCIK 0000008504NYSENon-AcceleratedSmaller ReportingAircraftNevadaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-5.30M

Total Assets

$42.23M

Equity

$35.74M

Shares Out

57.25M

Op. Cash Flow

$-10.00M

Business

AgEagle Aerial Systems Inc. designs and delivers advanced uncrewed aerial systems that integrate flight hardware, sensors and software to address operational needs across commercial and government customers. Its product offerings include fixed‑wing eBee UAS (including tactical and ISR variants), high‑resolution thermal and multispectral sensors (Altum‑PT, RedEdge‑P series) and flight management and data analytics software. The company reports operations across three primary segments — drones, sensors and software — and owns subsidiaries including senseFly and MicaSense. It serves global markets such as military/defense, public safety, surveying/mapping, agriculture and utilities through direct sales and a global reseller network, with manufacturing in the U.S. and Switzerland.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	13	13	—	—	—
Cost of sales	6	7	8	11	6
Gross profit	7	6	5	8	4
General and administrative	9	10	14	18	15
Research and development	4	4	6	8	4
Sales and marketing	3	2	4	5	3
Asset Impairment Charges	6	3	22	42	—
Total operating expenses	21	19	45	72	35
Loss from operations	−15	−13	−39	−64	−30
Interest expense	−9,593	−8	—	—	—
Loss on debt extinguishment	−125,242	−2	−2	6	0
Loss on equity financing	0	−15	—	—	—
Gain on change in fair value of warrant liabilities	9	3	—	—	—
Gain (loss) on disposal of fixed assets	−1,385	13,522	—	−25,960	−3,712
Other income (expense), net	1	−247,759	—	—	87,124
Total other income (expense), net	9	−22	−3	6	184,092
Net loss before provision for income taxes	−5	−35	−42	−58	−30
Provision for income taxes	0	0	—	—	0
Net loss	−5	−35	−42	−58	−30
Accrued dividends on Series F Preferred Stock	−201,867	−234,439	—	—	—
Deemed dividends on Series F and G Preferred Stock and Warrants	−8	−18	—	—	—
Net loss attributable to common stockholders	−13	−53	−54	—	—
Net loss per common share - Basic and Diluted (in dollars per share)	−0.52	−46.24	−514.9	−13.97	—
Weighted average number of shares outstanding during the period Basic and Diluted (in shares)	25	1	105,592	4	—
Amortization of unrecognized periodic pension costs	16,012	10,246	—	—	—
Foreign currency cumulative translation adjustment	261,549	−202,925	—	—	—
Total comprehensive loss, net of tax	−5	−35	−42	−58	−30

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	30	4	—	—	—
Accounts receivable, net	3	1	2	2	3
Inventories, net	6	5	7	7	4
Prepaid and other current assets	556,655	425,182	548,561	1	—
Total current assets	40	11	11	14	23
Property and equipment, net	331,818	455,592	799,892	791,155	952,128
Right-of-use assets	2	3	4	4	2
Intangible assets, net	56,850	2	3	12	14
Goodwill	0	4	7	23	65
Other assets	444,481	250,937	—	—	—
Total assets	42	21	25	54	105
Accounts payable	2	3	3	2	3
Accrued liabilities	2	2	2	2	—
Convertible note	0	1	5	—	—
Other short-term loan	0	99,735	—	—	—
Contract liabilities	127,874	148,054	226,316	496,390	971,140
Current portion of lease liabilities	849,599	921,038	901,925	628,113	1
Total current liabilities	5	8	11	5	17
Long-term portion of lease liabilities	1	2	3	3	942,404
Long-term portion of COVID loan	209,563	274,389	489,037	446,813	808,021
Warrant liabilities	50,000	16	—	—	—
Defined benefit plan obligation	215,021	115,355	—	—	—
Total liabilities	6	26	14	11	28
COMMITMENTS AND CONTINGENCIES (NOTE 13)	—	—	—	—	—
Common Stock, $0.001 par value, 200,000,000 shares authorized as of December 31, 2025 and December 31,2024, respectively, 43,613,800 and 9,661,664 shares issued and outstanding as of December 31, 2025 and 2024 respectively	43,614	9,662	141	88,467	75,315
Additional paid-in capital	267	213	176	155	128
Accumulated deficit	−231	−218	−166	−112	−51
Accumulated other comprehensive income (loss)	191,185	−86,376	106,303	10,083	−70,594
Total stockholders equity (deficit)	36	−6	11	43	77
Total liabilities and stockholders equity (deficit)	42	21	25	54	105

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Goodwill and Intangible impairment	6	3	—	—	—
Stock-based compensation	417,747	80,606	1	3	5
Depreciation and amortization	809,731	1	4	4	2
Defined benefit plan obligation and other	−82,877	−88,777	—	—	—
Interest added to convertible note payable	0	1	—	—	—
Interest expense for reduction in convertible note conversion price	0	6	—	—	—
Amortization of debt discount and warrant modification	35,265	1	—	—	—
Accounts receivable	−2	593,038	223,457	637,156	514,265
Inventories	−160,734	1	53,178	−3	−2
Prepaid expenses and other current assets	286,520	199,652	543,703	230,688	−218,493
Accounts payable	−1	−281,367	1	−681,556	552,741
Accrued liabilities and other liabilities	−45,729	185,000	44,499	−716,960	−3
Contract liabilities	−112,274	−74,215	−280,685	−472,604	393,521
Other	0	185,000	—	—	—
Net cash used in operating activities	−10	−7	−11	−20	−12
Purchases of property and equipment	−74,658	−49,485	−215,357	−313,769	−525,312
Proceeds from the sale of property and equipment	0	27,510	—	—	—
Capitalization of internal-use software costs	0	−72,102	—	—	−278,264
Net cash used in investing activities	−74,658	−94,077	−776,970	−8	−42
Proceeds from the sale of Common Stock and warrant liabilities	0	6	—	—	—
Payments on convertible note	0	−4	—	—	—
Repayments on other short-term loan	−135,000	−1	—	—	—
Net cash provided by financing activities	36	10	9	18	46
Net change in cash	26	3	−4	−10	−9
Effects of foreign exchange rates on cash flows	72,875	−80,405	—	—	—
Interest cash paid	35,265	2	—	7,590	0
Income taxes paid	0	0	—	—	—
Accrued expense settled with Series B Warrant exercise	350,000	0	—	—	—

Filings

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