Unusual Machines (UMAC)


Market Price (7/23/2026): $20.0 | Market Cap: $934.2 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Unusual Machines (UMAC)


Market Price (7/23/2026): $20.0
Market Cap: $934.2 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 147%

Megatrend and thematic drivers
Megatrends include Automation & Robotics, and Autonomous Technologies. Themes include Industrial Robotics, Process / Warehouse Automation, Show more.

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -29 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -169%

Expensive valuation multiples
P/SPrice/Sales ratio is 53x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 102%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -217%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -231%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0%

High stock price volatility
Vol 12M is 128%

Key risks
UMAC key risks include [1] a failure to achieve sustained profitability due to its capital-intensive strategic shift and continued cash burn, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 147%
2 Megatrend and thematic drivers
Megatrends include Automation & Robotics, and Autonomous Technologies. Themes include Industrial Robotics, Process / Warehouse Automation, Show more.
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -29 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -169%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 53x
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 102%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -217%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -231%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0%
9 High stock price volatility
Vol 12M is 128%
10 Key risks
UMAC key risks include [1] a failure to achieve sustained profitability due to its capital-intensive strategic shift and continued cash burn, Show more.

UMAC in ETFs

Weight = UMAC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.03%
IWO0.05%
VTWO0.03%
IWV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/21/2026

Unusual Machines (UMAC) stock has gained about 60% since 3/31/2026 because of the following key factors:

1. Unusual Machines (UMAC) reported robust fiscal Q1 2026 financial results and strengthened its balance sheet.

The company announced fiscal Q1 2026 revenue of approximately $8.1 million, significantly surpassing analyst estimates of $5.54 million. This represented a 296% year-over-year increase and 65% sequential growth, marking the eighth consecutive quarter of record revenues since its public listing. Additionally, UMAC completed a public offering in March 2026, raising approximately $150 million at $17 per share, which boosted its cash balance to $222.9 million by the end of fiscal Q1 2026. Despite an operating loss, net income attributable to common shareholders was about $10.3 million for the quarter, largely due to $9.5 million in unrealized and $7.3 million in realized investment gains. Management also expressed confidence in continued sequential revenue growth throughout fiscal 2026 and into fiscal 2027.

2. The company capitalized on a significant shift towards U.S. defense spending and the domestic drone industry.

Unusual Machines is actively positioning itself as a key provider of NDAA-compliant drone components, aligning with the U.S. government's push to reduce foreign drone dependence and build domestic supply chains. A major catalyst was a late May 2026 Wall Street Journal report suggesting the U.S. government's direct investment interest in domestic drone technologies, specifically naming UMAC as a potential beneficiary, which resulted in a dramatic 58% single-day stock increase. The Pentagon's fiscal year 2026 budget includes substantial allocations, such as $9.4 billion for aerial combat drones and a total of $13.4 billion for autonomous systems, further fueling investor optimism for UMAC's role in these initiatives.

Show more
Updated on 7/21/2026

Unusual Machines (UMAC) stock has gained about 60% since 3/31/2026 because of the following key factors:

1. Unusual Machines (UMAC) reported robust fiscal Q1 2026 financial results and strengthened its balance sheet.

The company announced fiscal Q1 2026 revenue of approximately $8.1 million, significantly surpassing analyst estimates of $5.54 million. This represented a 296% year-over-year increase and 65% sequential growth, marking the eighth consecutive quarter of record revenues since its public listing. Additionally, UMAC completed a public offering in March 2026, raising approximately $150 million at $17 per share, which boosted its cash balance to $222.9 million by the end of fiscal Q1 2026. Despite an operating loss, net income attributable to common shareholders was about $10.3 million for the quarter, largely due to $9.5 million in unrealized and $7.3 million in realized investment gains. Management also expressed confidence in continued sequential revenue growth throughout fiscal 2026 and into fiscal 2027.

2. The company capitalized on a significant shift towards U.S. defense spending and the domestic drone industry.

Unusual Machines is actively positioning itself as a key provider of NDAA-compliant drone components, aligning with the U.S. government's push to reduce foreign drone dependence and build domestic supply chains. A major catalyst was a late May 2026 Wall Street Journal report suggesting the U.S. government's direct investment interest in domestic drone technologies, specifically naming UMAC as a potential beneficiary, which resulted in a dramatic 58% single-day stock increase. The Pentagon's fiscal year 2026 budget includes substantial allocations, such as $9.4 billion for aerial combat drones and a total of $13.4 billion for autonomous systems, further fueling investor optimism for UMAC's role in these initiatives.

3. UMAC aggressively expanded its production capabilities and initiated a strategic acquisition.

The company undertook a significant capacity expansion, doubling its drone motor output by transitioning its Orlando factory to 24/5 operations, adding new shifts, and planning for automation to increase daily production from approximately 700 to 1,500 units. To further bolster its supply chain and meet anticipated demand, UMAC leased a new 14,000-square-foot manufacturing facility in Orlando for its growing battery business and initiated approximately $75 million in strategic purchase orders for materials and inventory in May 2026. Concurrently, Unusual Machines signed a definitive agreement to acquire Upgrade Energy, a battery and power systems manufacturer, for approximately $52 million in a blend of cash and stock, aiming to accelerate battery manufacturing capabilities. Upgrade Energy reportedly generated approximately $6 million in unaudited 2025 revenue.

4. Inclusion in the Russell 2000 Index enhanced market visibility and institutional interest.

Unusual Machines was added to the Russell 2000® Index on June 29, 2026. This inclusion typically leads to increased institutional investment as index-tracking funds are required to purchase shares of the newly added constituents, thereby boosting demand and liquidity for the stock.

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Stock Movement Drivers

Fundamental Drivers

The 58.6% change in UMAC stock from 3/31/2026 to 7/22/2026 was primarily driven by a 54.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120267222026Change
Stock Price ($)12.4019.6758.6%
Change Contribution By: 
Total Revenues ($ Mil)111754.1%
P/S Multiple40.153.332.8%
Shares Outstanding (Mil)3647-22.4%
Cumulative Contribution58.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/22/2026
ReturnCorrelation
UMAC58.6% 
Market (SPY)14.9%32.0%
Sector (XLK)35.6%35.6%

Fundamental Drivers

The 54.4% change in UMAC stock from 12/31/2025 to 7/22/2026 was primarily driven by a 107.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)123120257222026Change
Stock Price ($)12.7419.6754.4%
Change Contribution By: 
Total Revenues ($ Mil)817107.7%
P/S Multiple46.053.315.7%
Shares Outstanding (Mil)3047-35.8%
Cumulative Contribution54.4%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/22/2026
ReturnCorrelation
UMAC54.4% 
Market (SPY)9.9%32.0%
Sector (XLK)25.4%36.8%

Fundamental Drivers

The 129.5% change in UMAC stock from 6/30/2025 to 7/22/2026 was primarily driven by a 173.1% change in the company's P/S Multiple.
(LTM values as of)63020257222026Change
Stock Price ($)8.5719.67129.5%
Change Contribution By: 
Total Revenues ($ Mil)717146.9%
P/S Multiple19.553.3173.1%
Shares Outstanding (Mil)1647-66.0%
Cumulative Contribution129.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/22/2026
ReturnCorrelation
UMAC129.5% 
Market (SPY)22.0%35.5%
Sector (XLK)43.0%37.9%

Fundamental Drivers

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Market Drivers

6/30/2023 to 7/22/2026
ReturnCorrelation
UMAC  
Market (SPY)74.6%23.8%
Sector (XLK)111.3%22.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
UMAC Return---455%-24%53%545%
Peers Return28%-45%-14%251%59%-19%175%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
UMAC Win Rate---36%42%43% 
Peers Win Rate30%40%42%38%50%43% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
UMAC Max Drawdown-----72%-50% 
Peers Max Drawdown-69%-69%-66%-70%-65%-58% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: RCAT, AVAV, DPRO, ONDS, UAVS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/22/2026 (YTD)

How Low Can It Go

EventUMACS&P 500
2025 US Tariff Shock
  % Loss-58.9%-18.8%
  % Gain to Breakeven143.5%23.1%
  Time to Breakeven95 days79 days

Compare to RCAT, AVAV, DPRO, ONDS, UAVS

In The Past

Unusual Machines's stock fell -58.9% during the 2025 US Tariff Shock. Such a loss loss requires a 143.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventUMACS&P 500
2025 US Tariff Shock
  % Loss-58.9%-18.8%
  % Gain to Breakeven143.5%23.1%
  Time to Breakeven95 days79 days

Compare to RCAT, AVAV, DPRO, ONDS, UAVS

In The Past

Unusual Machines's stock fell -58.9% during the 2025 US Tariff Shock. Such a loss loss requires a 143.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Unusual Machines (UMAC)

Unusual Machines (UMAC) is an emerging company primarily focused on the first-person view (FPV) drone technology market. The company's business model is built around its simultaneous acquisition of two market leaders in the FPV drone space: Fat Shark Ltd. and Rotor Riot, LLC. These two entities, while distinct, are structured to operate in tandem, forming the core of UMAC's operations in the rapidly evolving drone industry.

The company’s main products and services stem from these acquisitions. Fat Shark is a leader in FPV video technology, specializing in designing and manufacturing ultra-low latency FPV video goggles for drone pilots, which are distributed through various retail channels. Rotor Riot functions as a rapidly growing e-commerce marketplace, offering a wide array of drones and drone-related products, including Fat Shark goggles and competing brands. Its primary customers are end-users such as drone enthusiasts, hobbyists, and competitive racers, supported by one of the largest communities of FPV drone pilots globally.

UMAC's vision extends beyond the current consumer FPV market. Over the next two years, the company plans to expand into new enterprise verticals like drone delivery, aligning with its broader goal to enable participation in the robotics revolution. Headquartered in Puerto Rico, Unusual Machines intends to pursue growth both organically and through strategic acquisitions, targeting other companies within the highly fragmented drone industry that possess valuable intellectual property, generate revenue, and have strong teams.

AI Analysis | Feedback

Here are 1-3 brief analogies for Unusual Machines (UMAC):

  • GoPro for the FPV drone world.
  • The Amazon or eBay for FPV drone parts and accessories.

AI Analysis | Feedback

  • FPV Video Goggles: Ultra-low latency goggles designed and manufactured for drone pilots.
  • Drones and Drone-related Products: A variety of drones and associated products sold through an e-commerce marketplace.

AI Analysis | Feedback

Unusual Machines (UMAC), through its Rotor Riot brand, sells primarily to individual consumers. The company serves the following categories of customers:

  1. Drone enthusiasts
  2. Hobbyists
  3. Competitive racers

AI Analysis | Feedback

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AI Analysis | Feedback

Allan Evans, Chief Executive Officer and Director

Allan Evans is a serial entrepreneur who has founded and led technological innovation. He co-founded Avegant, a technology company focused on next-generation display technology, where he served as Chief Technology Officer. He was also the Chief Executive Officer of Fat Shark, which was subsequently sold to Red Cat Holdings. Prior to his current role, he served as the Chief Operating Officer of Red Cat from January 2021 to November 2023.

Brian Hoff, Chief Financial Officer

Brian Hoff has served as Chief Financial Officer of Unusual Machines since November 2022. He previously served as Chief Financial Officer of Auddia, Inc. (Nasdaq: “AUUD”) from April 2021 to October 2022. From October 2019 to April 2021, Mr. Hoff was the Vice President, Accounting & Finance at STACK Infrastructure, a provider of digital infrastructure owned by IPI Partners, a private equity firm.

Drew Camden, President and Chief Operating Officer

Drew Camden began his career in the drone industry creating FPV Freestyle videos on YouTube. He was appointed President of Rotor Riot in 2018, where he diversified the business by expanding media production and establishing an e-commerce revenue stream. He also established Rotor Riot's first formal headquarters and launched a line of ready-to-fly FPV freestyle drones, positioning Rotor Riot for its acquisition by Red Cat Holdings in 2020. He was promoted to President of Unusual Machines in February 2026, while retaining his role as Chief Operating Officer.

Stacy Wright, Chief Revenue Officer

Stacy Wright has served as Chief Revenue Officer of Unusual Machines since January 2026. She has held leadership roles across Rotor Riot and Fat Shark, where she contributed to evolving the business from a community-driven e-commerce platform into a diversified revenue organization. She leads the Company's revenue strategy across consumer, enterprise, and defense markets.

AI Analysis | Feedback

The key risks to Unusual Machines' business are:
  1. Dependence on the consumer FPV market and successful expansion into new enterprise verticals. Unusual Machines' current business is heavily reliant on the first-person view (FPV) drone technology market, particularly through Fat Shark's FPV video goggles and Rotor Riot's e-commerce platform for consumer drones and related products. While the company plans to expand into new enterprise verticals, such as drone delivery, over the next two years, the success of this diversification is uncertain and will require significant investment and execution. A decline in the consumer FPV market's popularity, increased competition, or a failure to successfully penetrate new enterprise markets could materially impact the company's revenue and growth prospects.
  2. Risks associated with an acquisition-led growth strategy in a highly fragmented industry. Unusual Machines intends to build its business both organically and through strategic acquisitions within the highly fragmented drone industry. This strategy carries inherent risks, including the difficulty of identifying suitable acquisition targets with valuable intellectual property and revenue-generating customers, potential challenges in integrating acquired businesses (operational, technological, and cultural), and the risk of overpaying for acquisitions or failing to realize anticipated synergies. These factors could lead to significant financial and operational challenges.
  3. Intense competition and rapid technological change in the drone industry. The drone industry is characterized by rapid technological advancements and a highly competitive landscape. Unusual Machines, through Fat Shark and Rotor Riot, operates in markets with existing competitors and the potential for new entrants. The company's products, such as FPV goggles, could face obsolescence due to new technologies or evolving customer preferences. Failure to innovate, adapt to market changes, or effectively compete on price, features, or quality could adversely affect its market position and financial performance.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable markets for Unusual Machines (UMAC) main products and services are primarily within the First-Person View (FPV) drone market, with an anticipated expansion into the drone delivery market.

FPV Drone Market

The global FPV Racing Drone Market was valued at approximately USD 759.2 million in 2024. North America held a significant share of this market, valued at USD 276.3 million in 2024, with the United States contributing USD 248.7 million. This market is projected to grow to approximately USD 3,906.6 million by 2034, exhibiting a compound annual growth rate (CAGR) of 17.80%. The FPV drone market includes components like FPV cameras, which held the largest market share in 2024 due to their importance in providing high-quality video feeds for immersive piloting experiences.

Drone Delivery Market

The global delivery drone market was valued at USD 528.4 million in 2024. This market is projected to experience substantial growth, reaching an estimated USD 10.4 billion by 2034, at a CAGR of 33.9% between 2025 and 2034. North America accounted for approximately 35% of the delivery drone market share in 2024.

AI Analysis | Feedback

Unusual Machines, Inc. (UMAC) anticipates several key drivers for its revenue growth over the next 2-3 years, primarily stemming from its strategic pivot towards becoming a leading U.S. drone component manufacturer and capitalizing on evolving market dynamics. The expected drivers of future revenue growth for Unusual Machines are:
  • Shift to Enterprise-Focused Drone Component Manufacturing: Unusual Machines has successfully transitioned from an online retail store to a drone components producer, with enterprise sales significantly increasing from 31% in Q1 2025 to 81% in Q4 2025. This strategic pivot to serving enterprise customers with drone components is a primary driver of sustained growth.
  • Growing U.S. Drone Market and Regulatory Tailwinds: The company expects significant expansion in the overall U.S. drone market. This growth is further propelled by regulatory changes, such as the FCC ban on new licenses for foreign-made drones and parts (effective late December 2025), which creates a substantial market opportunity for domestic, NDAA-compliant suppliers like Unusual Machines.
  • Participation in Government Programs like the Drone Dominance Program: A significant revenue driver is the Defense Department's Drone Dominance program. Unusual Machines projects this program alone could represent a component opportunity of over $90 million in 2026 and roughly $250 million in 2027.
  • Expansion of U.S. Manufacturing Capacity and Automation: To meet anticipated demand, Unusual Machines is aggressively scaling its U.S. production capabilities for critical drone components. This includes plans for automated motor production lines to be operational by Q4 2026, targeting over 100,000 motors per month, and the introduction of battery pack and U.S. camera manufacturing in the second half of 2026.

AI Analysis | Feedback

Share Issuance

  • On February 16, 2024, Unusual Machines closed its Initial Public Offering (IPO) of 1,250,000 shares of common stock at a public offering price of $4.00 per share, generating $5.0 million in gross proceeds.
  • In connection with the IPO, the company issued a warrant to its underwriter, Dominari Securities, LLC, to purchase 62,500 shares of common stock.
  • Unusual Machines raised capital through multiple stock offerings in 2025, contributing to its balance sheet strength and ending the year with approximately $142.5 million in cash and short-term investments.

Outbound Investments

  • On February 16, 2024, Unusual Machines acquired Fat Shark Ltd. and Rotor Riot, LLC from Red Cat Holdings, Inc. for a total purchase price of $20.0 million. This consideration included $1.0 million in cash, a $2.0 million promissory note, and $17.0 million worth of common stock (4,250,000 shares at $4.00 per share).
  • A working capital adjustment finalized on July 22, 2024, increased the purchase price for the Fat Shark and Rotor Riot acquisition by an additional $2.0 million, raising the total Note Payable to $4.0 million.
  • The company plans to pursue strategic acquisition targets that are cash flow positive and involved in selling drone parts or enabling vertical integration of drone part production.

Capital Expenditures

  • In 2025, Unusual Machines significantly expanded its operational footprint in Orlando, growing from 6,900 sq ft to 62,500 sq ft across five locations.
  • The company moved into a 25,000 sq ft fulfillment center in December 2025.
  • U.S. production of motors commenced in November 2025, and Fat Shark headsets began U.S. production in January 2026, indicating investments in manufacturing capabilities.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

UMACRCATAVAVDPROONDSUAVSMedian
NameUnusual .Red Cat AeroViro.DraganflyOndas AgEagle . 
Mkt Price19.677.83150.354.318.000.727.92
Mkt Cap0.90.97.50.13.60.00.9
Rev LTM17551,6108971136
Op Inc LTM-29-81-95-25-91-13-55
FCF LTM-40-118-246-29-87-11-63
FCF 3Y Avg-16-58-91-20-50-9-35
CFO LTM-37-105-174-28-83-11-60
CFO 3Y Avg-15-53-52-19-48-9-34

Growth & Margins

UMACRCATAVAVDPROONDSUAVSMedian
NameUnusual .Red Cat AeroViro.DraganflyOndas AgEagle . 
Rev Chg LTM146.9%345.5%116.9%25.3%793.2%-19.7%131.9%
Rev Chg 3Y Avg-167.4%55.7%7.0%330.1%-17.5%55.7%
Rev Chg Q296.4%849.1%143.4%49.4%1,079.9%-61.6%219.9%
QoQ Delta Rev Chg LTM54.1%34.0%17.5%9.9%90.4%-17.5%25.8%
Op Inc Chg LTM-220.3%-138.8%-388.7%-64.4%-153.5%-57.0%-146.2%
Op Inc Chg 3Y Avg-186.1%-66.5%58,379.5%-3.5%-40.9%2.9%-22.2%
Op Mgn LTM-168.9%-149.2%-5.9%-292.0%-93.9%-123.4%-136.3%
Op Mgn 3Y Avg-223.1%-203.8%2.2%-271.8%-225.9%-100.5%-213.5%
QoQ Delta Op Mgn LTM55.7%14.3%-0.8%-23.0%21.2%-53.6%6.8%
CFO/Rev LTM-216.8%-192.7%-10.8%-331.7%-86.3%-104.4%-148.5%
CFO/Rev 3Y Avg-222.2%-212.3%-2.8%-259.6%-199.1%-71.2%-205.7%
FCF/Rev LTM-231.2%-216.8%-15.3%-344.8%-89.7%-108.4%-162.6%
FCF/Rev 3Y Avg-272.9%-224.0%-6.3%-267.1%-207.7%-74.2%-215.9%

Valuation

UMACRCATAVAVDPROONDSUAVSMedian
NameUnusual .Red Cat AeroViro.DraganflyOndas AgEagle . 
Mkt Cap0.90.97.50.13.60.00.9
P/S53.317.34.616.436.93.616.9
P/Op Inc-31.5-11.6-78.7-5.6-39.2-2.9-21.6
P/EBIT-161.8-11.6-68.0-5.614.5-2.2-8.6
P/E-162.8-12.5-24.0-5.514.5-3.5-9.0
P/CFO-24.6-9.0-42.9-5.0-42.7-3.5-16.8
Total Yield-0.6%-8.0%-4.2%-18.1%6.9%-26.2%-6.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%2.2%0.0%
FCF Yield 3Y Avg-16.1%-17.5%-1.1%-33.3%-33.8%-97.6%-25.4%
D/E0.00.00.10.00.00.10.0
Net D/E-0.3-0.10.0-1.1-0.4-0.8-0.4

Returns

UMACRCATAVAVDPROONDSUAVSMedian
NameUnusual .Red Cat AeroViro.DraganflyOndas AgEagle . 
1M Rtn-12.8%-26.3%-0.6%-21.9%-10.0%-20.7%-16.8%
3M Rtn19.6%-42.2%-28.4%-33.6%-27.7%-40.8%-31.0%
6M Rtn16.0%-49.8%-53.0%-52.2%-36.3%-43.6%-46.7%
12M Rtn91.9%-12.8%-42.7%-25.2%281.0%-66.2%-19.0%
3Y Rtn549.2%631.8%55.9%-99.4%300.0%-99.7%177.9%
1M Excs Rtn-13.2%-26.7%-1.0%-22.3%-10.4%-21.0%-17.1%
3M Excs Rtn21.8%-43.9%-34.6%-34.8%-32.6%-44.4%-34.7%
6M Excs Rtn-5.0%-56.0%-64.9%-64.6%-49.4%-56.5%-56.2%
12M Excs Rtn77.6%-35.8%-63.7%-47.1%236.6%-82.0%-41.4%
3Y Excs Rtn483.4%521.0%-8.9%-165.2%506.5%-165.5%237.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Single Segment11600
Total11600


Assets by Segment
$ Mil202420232022
Single Segment1623
Total1623


Price Behavior

Price Behavior
Market Price$19.67 
Market Cap ($ Bil)0.9 
First Trading Date02/14/2024 
Distance from 52W High-41.1% 
   50 Days200 Days
DMA Price$20.88$15.39
DMA Trendupup
Distance from DMA-5.8%27.8%
 3M1YR
Volatility167.4%128.4%
Downside Capture750.57448.35
Upside Capture686.33437.67
Correlation (SPY)41.6%38.5%
UMAC Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta4.545.713.743.253.770.07
Up Beta2.18-0.56-0.340.342.220.20
Down Beta2.322.724.232.903.90-0.25
Up Capture482%1782%1097%1336%3053%14477%
Bmk +ve Days11244067140429
Stock +ve Days9203165123281
Down Capture551%541%450%248%195%112%
Bmk -ve Days10172358112321
Stock -ve Days12213260128305

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UMAC
UMAC97.0%128.1%1.10-
Sector ETF (XLK)38.8%24.7%1.2740.7%
Equity (SPY)20.0%12.6%1.1638.4%
Gold (GLD)21.2%28.1%0.6727.2%
Commodities (DBC)33.0%19.1%1.3611.0%
Real Estate (VNQ)13.9%14.0%0.701.7%
Bitcoin (BTCUSD)-43.6%42.9%-1.2128.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UMAC
UMAC46.0%162.1%1.18-
Sector ETF (XLK)19.6%25.6%0.6822.8%
Equity (SPY)12.8%17.1%0.5823.7%
Gold (GLD)17.3%18.4%0.7611.9%
Commodities (DBC)9.3%19.5%0.374.2%
Real Estate (VNQ)2.7%18.9%0.0415.0%
Bitcoin (BTCUSD)15.2%53.5%0.4617.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UMAC
UMAC20.8%162.1%1.18-
Sector ETF (XLK)24.5%24.8%0.8922.8%
Equity (SPY)15.1%17.9%0.7223.7%
Gold (GLD)11.5%16.1%0.5811.9%
Commodities (DBC)7.1%17.9%0.314.2%
Real Estate (VNQ)5.0%20.7%0.2015.0%
Bitcoin (BTCUSD)58.5%66.2%0.9917.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity7.6 Mil
Short Interest: % Change Since 615202626.4%
Average Daily Volume5.2 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity46.7 Mil
Short % of Basic Shares16.2%

Earnings Returns History

Updated 6/17/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/2026-4.3%-12.6%46.1%
3/9/20265.0%24.0%-20.1%
8/14/20250.2%6.6%11.1%
11/14/2024-12.1%18.3%306.5%
8/14/2024-2.9%5.9%0.6%
5/15/20241.8%29.1%34.5%
SUMMARY STATS   
# Positive355
# Negative311
Median Positive1.8%18.3%34.5%
Median Negative-4.3%-12.6%-20.1%
Max Positive5.0%29.1%306.5%
Max Negative-12.1%-12.6%-20.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/2026-4.3%-12.6%46.1%
3/9/20265.0%24.0%-20.1%
8/14/20250.2%6.6%11.1%
11/14/2024-12.1%18.3%306.5%
8/14/2024-2.9%5.9%0.6%
5/15/20241.8%29.1%34.5%
SUMMARY STATS   
# Positive355
# Negative311
Median Positive1.8%18.3%34.5%
Median Negative-4.3%-12.6%-20.1%
Max Positive5.0%29.1%306.5%
Max Negative-12.1%-12.6%-20.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/12/202610-K
09/30/202511/06/202510-Q
06/30/202508/14/202510-Q
03/31/202505/08/202510-Q
12/31/202403/27/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/22/202410-K
09/30/202302/15/2024424B1
06/30/202309/19/2023S-1/A
03/31/202306/14/2023S-1/A
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Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/12/202610-K
09/30/202511/06/202510-Q
06/30/202508/14/202510-Q
03/31/202505/08/202510-Q
12/31/202403/27/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/22/202410-K
09/30/202302/15/2024424B1
06/30/202309/19/2023S-1/A
03/31/202306/14/2023S-1/A

Recent Forward Guidance

Updated 7/12/2026

Latest: Q1 2026 Earnings Reported 5/14/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Production Margins 33.0%    
2026 Gross Margin 40.0%  0AffirmedGuidance: 40.0% for 2026

Prior: Q4 2025 Earnings Reported 3/9/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue Potential 90.00 Mil 260.0% RaisedGuidance: 25.00 Mil for 2026
2027 Revenue Potential 250.00 Mil    
2026 Gross Margin 40.0%    

Insider Activity

Updated 6/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Thompson, Jeffrey MDirectSell609202627.4215,000411,300131,050,929Form
2Thompson, Jeffrey MDirectSell609202626.9615,000404,400129,256,808Form
3Camden, Andrew RossPresidentDirectSell605202630.05100,0003,004,7907,414,319Form
4Rich, SanfordDirectSell602202628.9825,000724,5425,283,857Form
5Hoff, Brian JosephChief Financial OfficerDirectSell529202617.71150,0002,655,8106,243,809Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Thompson, Jeffrey MDirectSell609202627.4215,000411,300131,050,929Form
2Thompson, Jeffrey MDirectSell609202626.9615,000404,400129,256,808Form
3Camden, Andrew RossPresidentDirectSell605202630.05100,0003,004,7907,414,319Form
4Rich, SanfordDirectSell602202628.9825,000724,5425,283,857Form
5Hoff, Brian JosephChief Financial OfficerDirectSell529202617.71150,0002,655,8106,243,809Form
6Rich, SanfordDirectSell522202614.181,39219,7362,939,320Form
7Camden, Andrew RossPresidentDirectSell522202614.189,625136,4344,915,181Form
8Hoff, Brian JosephChief Financial OfficerDirectSell522202614.1711,412161,7277,123,405Form
9Camden, Andrew RossPresidentDirectSell317202618.579,625178,7636,618,882Form
10Wright, Stacy RochelleChief Revenue OfficerDirectSell317202618.5713,750255,3061,787,141Form
11Hoff, Brian JosephChief Financial OfficerDirectSell317202618.5911,413212,1639,556,207Form
12Rich, SanfordDirectSell317202620.2098019,7964,159,685Form
13Rich, SanfordDirectSell123120251.9911,08722,063407,839Form
14Evans, Allan ThomasChief Executive OfficerDirectSell123120251.9911,08722,063329,327Form
15Camden, Andrew RossChief Operating OfficerDirectSell1215202510.3250,000515,7602,640,691Form
16Hoff, Brian JosephChief Financial OfficerDirectSell1215202510.3175,000773,5724,285,334Form
17Camden, Andrew RossChief Operating OfficerDirectSell112120259.108,75079,6252,784,600Form
18Colon, CristinaDirectSell112120259.068,26874,882477,407Form
19Hoff, Brian JosephChief Financial OfficerDirectSell112120259.108,75079,6254,463,322Form
20Camden, Andrew RossChief Operating OfficerDirectSell822202510.2135,000357,2621,936,873Form
21Hoff, Brian JosephChief Financial OfficerDirectSell822202510.2133,750344,5033,819,902Form
22Camden, Andrew RossChief Operating OfficerDirectSell82220259.808,75085,7542,202,662Form
23Hoff, Brian JosephChief Financial OfficerDirectSell82220259.808,75085,7543,998,359Form
24Camden, Andrew RossChief Operating OfficerDirectSell617202510.0025,000250,0001,585,000Form
Core Cache Last Updated: 7/22/2026