Unusual Machines (UMAC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Unusual Machines

NYSE American•Technology•Computer Hardware

$24.61-1.38(-0.05%)Market open

Market Cap

$1.16B

P/S

36.4x

P/B

3.0x

Unusual Machines, Inc. engages in the commercial drone industry. The company offers small drones and essential components. It distributes their products through B2B sale, e-commerce site, and retail channel. The company has a strategic collaboration with Lantronix Inc. for the development of autonomous drone components integrating edge AI compute with flight control systems. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. Unusual Machines, Inc. was incorporated in 2019 and is headquartered in Orlando, Florida.

How this company scores

WeakMetricSide Score: 46/100

Grade capped at D — Interest coverage below 1× (-26500.8x) — earnings cannot cover interest. Strongest: Growth (20/25); weakest: Cash & Earnings Quality (2/25).

Profitability17/25

Growth20/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality2/25

Strengths

Growing revenueLong cash runwayProfit converts from growthConsistent growth

Grade capped at D

Interest coverage below 1× (-26500.8x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 36.4x5y range 3.1x – 49.9x

Currently above its 8-quarter median.

P/B · 3.0x5y range 0.5x – 10.8x

Currently near its 11-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.16B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $31.85M
Q. Revenue: $16.72M
TTM EBITDA: $-29.55M
TTM Op. Income: $-29.79M
Q. Op. Income: $-7.83M
TTM Net Income: $-6.46M
Q. Net Income: $-7.78M
EPS: $-0.16
Shares Out.: $48.61M

$31.85M in TTM revenue grew 313.6% YoY, reaching $16.72M last quarter. TTM EBITDA of $-29.55M and TTM operating income of $-29.79M show growth is flowing through to the bottom line. However, net income is negative at $6.46M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 34.7%
EBITDA Margin: -46.4%
Op. Margin: -46.8%
Net Margin: -46.5%

Op. margin of -46.8% is up 291.7% YoY — cost efficiency is improving. Net margin at -46.5% and gross margin of 34.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 36.4x
P/B Ratio: 3.0x

P/S of 36.4x and P/B of 3.0x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $397.49M
Cash: $229.60M
Long-Term Debt: N/A
Book Value: $388.04M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-21.48M
TTM Free Cash Flow: $-58.51M
FCF Margin: -183.7%
FCF / Net Income: 9.1

TTM FCF of $-58.51M on $-21.48M in operating cash flow. The FCF / Net Income ratio of 9.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 5 consecutive quarters — a weakening trend.