U
Unusual Machines, Inc.
UMACCIK 0001956955NYSEEmerging GrowthRadio & Tv Broadcasting & Communications EquipmentNevadaFY ends Dec 31
Period
FY 2025
Revenue
$11.20M
Net Income
$-19.19M
Total Assets
$182.71M
Equity
$174.94M
Shares Out
38.89M
Op. Cash Flow
$-21.18M
Business
Unusual Machines, Inc. is a commercial drone company that produces and sells small drones and critical drone components, with a focus on the FPV (first-person view) sub-segment. Its main products and services include drones, FPV headsets, flight controllers, motor controllers, cameras, and related components, sold through both product sales and software/services via strategic acquisitions. The company operates key business lines in FPV consumer products, B2B component manufacturing and certification, and curated retail. It distributes through e-commerce, a retail store, and B2B channels to drone manufacturers and federal/commercial buyers.
Summary from filing dated 2025-03-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenue | 11 | 6 | 0 | 0 | |
| Cost of goods sold | 7 | 4 | 0 | 0 | |
| Gross profit | 4 | 2 | 0 | 0 | |
| Operations | 3 | 959,740 | 0 | — | |
| Research and development | 202,585 | 90,584 | 0 | 91,325 | |
| Sales and marketing | 2 | 1 | 0 | — | |
| General and administrative | 24 | 6 | 2 | 1 | |
| Loss on impairment of goodwill | 0 | 10 | 0 | — | |
| Depreciation and amortization | 141,267 | 72,161 | 5,600 | 885 | |
| Total operating expenses | 29 | 19 | 2 | 1 | |
| Loss from operations | −25 | −17 | −2 | −1 | |
| Interest income | 2 | 1,146 | 0 | 148 | |
| Interest expense | −519 | −116,981 | 0 | — | |
| Gain on debt extinguishment | 0 | 1 | 0 | — | |
| Change in fair value of derivatives and warrant liabilities | 0 | −16 | 0 | — | |
| Unrealized gain from short-term investments | 2 | 0 | — | — | |
| Realized gain from short-term investments | 2 | 0 | — | — | |
| Gain (Loss) from foreign currency transactions | −1,459 | 0 | — | — | |
| Total other income (expense) | 6 | −15 | 0 | 148 | |
| Net loss before income tax | −19 | −32 | −2 | −1 | |
| Income tax benefit | 36,252 | 13,360 | 0 | 0 | |
| Net loss | −19 | −32 | −2 | −1 | |
| Gain from foreign currency translation | 3,470 | 0 | — | — | |
| Comprehensive loss | −19 | −32 | — | — | |
| Basic (per share) | −0.74 | −3.84 | −0.72 | — | |
| Diluted (per share) | −0.74 | −3.84 | −0.72 | −0.31 | |
| Basic (shares) | 26 | 8 | 3 | — | |
| Diluted (shares) | 26 | 8 | 3 | 4 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | 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 and cash equivalents | 103 | 4 | 894,773 | 3 | — | |
| Short-term investments | 39 | 0 | — | — | — | |
| Accounts receivable | 2 | 66,575 | 0 | — | — | |
| Related party accounts receivable | 214,684 | 0 | — | — | — | |
| Inventories | 5 | 1 | 0 | — | — | |
| Prepaid inventory | 10 | 904,728 | 0 | — | — | |
| Other current assets | 190,622 | 31,500 | 120,631 | 139,375 | — | |
| Total current assets | 160 | 6 | 1 | 3 | — | |
| Property and equipment, net | 2 | 570 | 1,254 | 3,690 | — | |
| Operating lease right-of-use assets, net | 3 | 323,514 | 0 | — | — | |
| Other assets | 197,785 | 59,426 | 0 | — | — | |
| Goodwill | 16 | 7 | 0 | — | — | |
| Intangible assets, net | 3 | 2 | 0 | — | — | |
| Total non-current assets | 23 | 10 | 514,012 | 3,690 | — | |
| Total assets | 183 | 16 | 2 | 3 | — | |
| Accounts payable and accrued expenses | 2 | 668,732 | 114,497 | 120,938 | — | |
| Deferred revenue | 638,125 | 197,117 | 0 | — | — | |
| Operating lease liability | 456,429 | 67,820 | 0 | — | — | |
| Total current liabilities | 3 | 933,669 | 114,497 | 120,938 | — | |
| Deferred tax liability | 146,772 | 93,793 | — | — | — | |
| Operating lease liability long term | 2 | 262,171 | 0 | — | — | |
| Contingent consideration | 3 | 0 | — | — | — | |
| Total liabilities | 8 | 1 | 114,497 | — | — | |
| Commitments and contingencies (Note 15) | — | — | — | — | — | |
| Common stock - $0.01 par value, 500,000,000 authorized and 37,759,911 and 15,122,018 shares issued and outstanding at December 31, 2025 and 2024, respectively | 377,596 | 151,221 | 32,173 | 33,923 | — | |
| Additional paid in capital | 230 | 51 | 5 | 5 | — | |
| Accumulated deficit | −55 | −36 | −4 | −2 | — | |
| Accumulated other comprehensive income | 3,470 | 0 | — | — | — | |
| Total stockholders equity | 175 | 15 | 1 | 3 | 4 | |
| Total liabilities and stockholders equity | 183 | 16 | 2 | 3 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Stock compensation expense as settlement | 0 | 64,344 | 0 | — | |
| Stock compensation expense | 16 | 2 | 600,000 | — | |
| Gain on debt extinguishment | 0 | −1 | 0 | — | |
| Credit loss provision | 18,122 | 0 | — | — | |
| Income tax benefit | −36,252 | −13,360 | 0 | — | |
| Accounts receivable | −2 | −59,777 | 0 | 945 | |
| Inventory | −4 | 455,101 | 0 | — | |
| Prepaid inventory | −9 | −83,749 | 0 | — | |
| Other assets | −137,280 | 54,940 | 18,744 | −24,153 | |
| Right of use asset | −2 | 0 | — | — | |
| Accounts payable and accrued expenses | 745,949 | 266,690 | −17,434 | 120,938 | |
| Operating lease liabilities | 2 | −48,438 | 0 | — | |
| Customer deposits and other current liabilities | 257,342 | 82,676 | 0 | — | |
| Net cash used in operating activities | −21 | −4 | −2 | −1 | |
| Cash portion of consideration paid for acquisition of businesses, net of cash received | 93,054 | −852,801 | 0 | — | |
| Cash paid for short-term investments | −39 | 0 | — | — | |
| Proceeds from sale of short-term investments | 3 | 0 | — | — | |
| Purchases of property and equipment | −2 | 0 | −3,164 | −4,575 | |
| Net cash used in investing activities | −37 | −852,801 | −3,164 | −4,575 | |
| Proceeds from issuance of common shares, public offering | 40 | 5 | 0 | — | |
| Proceeds from issuance of common shares, registered direct offering | 49 | 0 | — | — | |
| Proceeds from issuance of common shares, at the market | 72 | 0 | 0 | 549,900 | |
| Proceeds from option exercises | 646,572 | 0 | — | — | |
| Proceeds from issuance of common shares, private placement | 0 | 2 | 0 | — | |
| Proceeds from issuance of common shares, warrant exercises | 6 | 2 | 0 | — | |
| Common share issuance offering costs | −9 | −859,087 | −424,933 | −87,825 | |
| Net cash provided by (used in) financing activities | 158 | 8 | −424,933 | 549,900 | |
| Net increase (decrease) in cash | 100 | 3 | −2 | −686,469 | |
| Effect of exchange rate changes on cash | 3,470 | 0 | — | — | |
| Non-cash consideration paid for assets acquired and liabilities assumed | 9 | 21 | 0 | — | |
| Deferred acquisitions costs | 0 | 100,000 | — | — | |
| Deferred offering costs recorded as a reduction of proceeds | 0 | 512,758 | 0 | — |
Filings
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