UMACHIGH SIGNALFINANCIAL10-K

UMAC experienced extraordinary growth with cash surging 2,648% to $103M and total assets growing over 1,000%, while operating losses quintupled to -$21M.

This represents a transformative period for the company, likely driven by significant capital raising activities that dramatically expanded their financial resources. However, the massive increase in operating cash burn from -$4M to -$21M raises questions about operational efficiency and cash management as the company scales.

Comparing 2026-03-12 vs 2025-03-27View on EDGAR →
FINANCIAL ANALYSIS

UMAC underwent a dramatic financial transformation with cash and equivalents exploding from $3.8M to $103.3M and total assets growing from $16.1M to $182.7M, indicating substantial capital infusion. While gross profit increased 153% to $3.9M and stockholders' equity surged over 1,000% to $174.9M, the company's operating cash flow deteriorated significantly from -$4M to -$21M. This pattern suggests UMAC raised substantial capital but is burning cash at an accelerated rate as it expands operations, creating both opportunity from increased resources and risk from elevated cash consumption.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+2648.3%
$3.8M$103.3M

Cash position surged 2648.3% — strong cash generation or capital raise providing significant financial cushion.

Current Assets
Balance Sheet
+2516.8%
$6.1M$159.5M

Current assets grew 2516.8% — improving short-term liquidity or inventory/receivables build.

Accounts Receivable
Balance Sheet
+2250.3%
$67K$1.6M

Receivables surged 2250.3% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Stockholders Equity
Balance Sheet
+1080.6%
$14.8M$174.9M

Equity base grew 1080.6% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Assets
Balance Sheet
+1034.3%
$16.1M$182.7M

Asset base grew 1034.3% — expansion through organic growth, acquisitions, or capital deployment.

Total Liabilities
Balance Sheet
+502.4%
$1.3M$7.8M

Liabilities grew 502.4% — significant increase in debt or obligations, assess impact on financial flexibility.

Operating Cash Flow
Cash Flow
-429.9%
-$4.0M-$21.2M

Operating cash flow fell 429.9% — earnings quality concerns; investigate working capital changes and non-cash items.

Inventory
Balance Sheet
+298.1%
$1.3M$5.3M

Inventory surged 298.1% — growing significantly faster than typical sales pace; potential demand softening or supply chain overcorrection.

Current Liabilities
Balance Sheet
+178.6%
$934K$2.6M

Current liabilities surged 178.6% — significant near-term obligations; verify ability to meet short-term debt.

Gross Profit
P&L
+152.7%
$1.5M$3.9M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

LANGUAGE CHANGES
NEW — 2026-03-12
PRIOR — 2025-03-27
ADDED
The aggregate market value of the registrant s common stock held by non-affiliates of the registrant was approximately $ 197,646,688 as of June 30, 2025 (based on the closing sale price of $8.57 as quoted by the NYSE American as of June 30, 2025).
As of March 11, 2026, there were 38,889,911 shares of the registrant s common stock outstanding.
Form 10-K Summary 61 Signatures 62 i We maintain a corporate website at www.unusualmachines.com.
The information contained on our corporate website is not part of this Annual Report on Form 10-K.
Unless we state otherwise or the context otherwise requires, the terms Unusual Machines, we, us, our and the Company refer to Unusual Machines, Inc., a Nevada corporation.
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REMOVED
The aggregate market value of the registrant s common stock held by non-affiliates of the registrant was approximately $ 4,854,841 as of June 30, 2024 (based on the closing sale price of $1.30 as quoted by the NYSE American as of June 28, 2024).
As of March 25, 2025, there were 16,830,170 shares of the registrant s common stock outstanding.
Form 10-K Summary 63 Signatures 64 i Unless we state otherwise or the context otherwise requires, the terms Unusual Machines, we, us, our and the Company refer to Unusual Machines, Inc., a Nevada corporation.
( Unusual Machines or the Company ) is a Nevada corporation engaged in the commercial drone industry with our principal place of business in Orlando, Florida.
The Company reincorporated from Puerto Rico to Nevada on April 22, 2024.
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