$UMAC

Unusual Machines, Inc.

CIK:0001956955|SEC Filings

Consolidated Condensed Statement of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 16,722,467	$ 2,123,970	$ 24,818,304	$ 4,166,270
Cost of goods sold	10,920,334	1,329,291	16,362,063	2,874,784
Gross Margin	5,802,134	794,679	8,456,241	1,291,486
Operating Expenses
Operations	1,540,919	404,277	3,367,620	706,879
Research and development	430,759	62,731	644,101	70,633
Sales and marketing	790,012	302,358	1,370,051	509,975
General and administrative	10,799,261	7,195,193	18,027,462	10,421,097
Depreciation and amortization	75,324	20,593	140,137	41,186
Total operating expenses	13,636,276	7,985,152	23,549,371	11,749,770
Loss from operations	(7,834,143)	(7,190,473)	(15,093,130)	(10,458,284)
Other income and (expense)
Interest income	1,820,162	225,734	2,612,240	227,266
Unrealized gain (loss) from investments	(3,883,535)	0	5,608,541	0
Realized gain from investments	2,267,931	0	9,532,673	0
Change in contingent consideration for Rotor Lab	(153,000)	0	(153,000)	0
Loss from foreign currency transactions	(687)	0	(7,235)	0
Interest expense	(281)	0	(648)	0
Other income, net	50,590	225,734	17,592,571	227,266
Net income (loss)	(7,783,553)	(6,964,739)	2,499,441	(10,231,018)
STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	(7,783,553)	(6,964,739)	2,499,441	(10,231,018)
Foreign currency translation adjustment	15,314	0	34,744	0
Comprehensive income (loss)	$ (7,768,239)	$ (6,964,739)	$ 2,534,185	$ (10,231,018)
Net income (loss) per share
Basic	$ (0.16)	$ (0.32)	$ 0.06	$ (0.54)
Diluted	$ (0.16)	$ (0.32)	$ 0.06	$ (0.54)
Weighted average common shares outstanding
Basic	48,611,102	21,771,954	44,125,630	18,853,428
Diluted	48,611,102	21,771,954	44,775,513	18,853,428

Consolidated Condensed Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ 2,499,441	$ (10,231,018)
Depreciation and amortization	140,137	41,186
Stock-based compensation expense	9,585,542	7,419,701
Unrealized gain on short-term investments	(5,608,541)	0
Realized gain on short-term investments	(9,532,673)	0
Bad debt	0	12,146
Amortization of right of use asset	(490,971)	0
Change in assets and liabilities:
Accounts receivable	(8,831,972)	(118,959)
Inventories	(16,597,684)	(273,614)
Prepaid inventory	(10,795,249)	(409,864)
Other assets	(943,639)	(151,547)
Accounts payable and accrued expenses	1,356,776	(60,038)
Operating lease liabilities	525,959	(32,660)
Contingent consideration	153,000	(0)
Deferred revenue	(352,069)	(57,682)
Net cash used in operating activities	(38,891,945)	(3,862,349)
Cash flows from investing activities
Investments in short-term securities	(52,500,000)	0
Proceeds from sale of short-term investments	20,082,674	0
Purchase of property and equipment	(508,336)	(262,751)
Deposits for property and equipment	(2,861,101)
Net cash used in investing activities	(35,786,762)	(262,751)
Cash flows from financing activities:
Gross proceeds from issuance of common shares, public offering	149,999,993	40,000,000
Gross proceeds from issuance of common shares, at the market	60,000,000	0
Proceeds from option exercises	587,584	367,870
Proceeds from issuance of common shares, warrant exercises	3,395,000	2,436,966
Common share issuance offering costs	(13,001,236)	(3,504,000)
Net cash provided by financing activities	200,981,341	39,300,836
Net increase in cash	126,302,635	35,175,736
Effect of exchange rates changes on cash	34,744	0
Cash, beginning of period	103,261,397	3,757,323
Cash, end of period	$ 229,598,776	$ 38,933,059

Consolidated Condensed Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 229,598,776	$ 103,261,397
Short-term investments at fair value	39,273,449	39,214,909
Short-term investment at cost	47,500,000	0
Accounts receivable	9,333,235	1,564,739
Related party accounts receivable	1,278,160	214,684
Inventories	21,914,332	5,316,648
Prepaid inventory	20,543,732	9,748,483
Other current assets	1,134,261	190,622
Total current assets	370,575,945	159,511,482
Non-current assets:
Property and equipment, net	2,711,375	2,233,891
Operating lease right-of-use assets	3,090,057	2,607,256
Other assets	3,067,056	197,785
Goodwill	15,596,105	15,596,105
Intangible assets, net	2,452,610	2,561,895
Total non-current assets	26,917,203	23,196,932
Total assets	397,493,148	182,708,414
Current liabilities
Accounts payable and accrued expenses	2,863,569	1,506,793
Deferred revenue	286,056	638,125
Operating lease liability	735,521	456,429
Contingent consideration	3,000,000	2,847,000
Total current liabilities	6,885,146	5,448,347
Non-current liabilities
Deferred tax liability	146,772	146,772
Operating lease liability – less current portion	2,420,493	2,173,626
Total non-current liabilities	2,567,265	2,320,398
Total liabilities	9,452,411	7,768,745
Commitments and contingencies (See note 12)
Stockholders’ equity:
Common stock - $0.01 par value, 500,000,000 authorized and 49,956,505 and 37,759,911 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	499,568	377,596
Additional paid in capital	440,110,645	229,665,735
Accumulated deficit	(52,607,690)	(55,107,131)
Accumulated other comprehensive income	38,214	3,470
Total stockholders’ equity	388,040,737	174,939,670
Total liabilities and stockholders’ equity	$ 397,493,148	$ 182,708,414