AgEagle Aerial Systems Inc.
Business
AgEagle Aerial Systems Inc. (rebranded as EagleNXT in 2025) designs, manufactures and delivers fixed-wing uncrewed aerial systems (drones), multispectral sensors and software for commercial, government and military applications. The company offers eBee-branded drones (eBee X, eBee TAC, eBee VISION) and MicaSense multispectral sensors (Altum-PT, RedEdge-P series) distributed through a global reseller network of over 165 partners across 80+ countries. Operating segments are Drones, Sensors and Software-as-a-Service; manufacturing occurs in Switzerland and planned U.S. facilities, serving agriculture, defense, public safety, surveying, utilities and related sectors.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| 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 |
|---|---|---|---|---|---|---|
| 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
| 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 | 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
| 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 |
|---|---|---|---|---|---|---|
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AgEagle Aerial Systems Inc.'s CIK number?
AgEagle Aerial Systems Inc.'s SEC CIK number is 0000008504 (8504). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AgEagle Aerial Systems Inc.'s SEC filings?
All of AgEagle Aerial Systems Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AgEagle Aerial Systems Inc. last report earnings?
AgEagle Aerial Systems Inc. (UAVS) most recently filed an earnings 8-K with the SEC on Mar 31, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-014207). This is AgEagle Aerial Systems Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AgEagle Aerial Systems Inc.'s most recent earnings 8-K?
AgEagle Aerial Systems Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 31, 2026 under accession 0001493152-26-014207. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AgEagle Aerial Systems Inc.'s latest earnings 8-K →
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