XVARY Composite Score
/ 100
Combines growth, value, risk, and momentum factors into a single institutional-grade score.
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What it is
Unusual Machines sells FPV drones, drone parts, and drone gear through brands, B2B channels, and an online retail shop.
How it gets paid
Last year Unusual Machines made ~$11.2M in revenue. FPV components was the main engine at $3.9M, or 36% of sales.
Why it's growing
Revenue grew 101% last year. The filing-credible story is ~2× FY revenue on still-tiny dollars while GAAP remains deeply negative—valuation is mostly optionality.
What just happened
Q4 2025 revenue about $4.9M; FY2025 revenue ~$11.2M.
At a Glance
N/a balance sheet
~($0.74) FY2025 GAAP EPS (results summary)
~$11.2M FY2025 revenue
N/a operating margin
2.6 beta
What They Do
Unusual Machines sells FPV drones, drone parts, and drone gear through brands, B2B channels, and an online retail shop.
The real edge is not size. It is positioning. If you need a non-Chinese drone supply chain, your options are limited, and Unusual Machines is building around that gap while the DIU audits components for supply chain and cyber security risk. Rotor Riot and Fat Shark already carry recognition in FPV, and with just 16 employees, you are buying a tiny operator trying to sell trust where trust suddenly matters.
How They Make Money
~$11.2M
FY2025 revenue · ~+101% vs FY2024 (~$5.6M) per FY2025 results materials
FPV components
$3.9M
FPV goggles and video systems
$2.6M
Ready-to-fly small drones
$2.1M
Curated retail channel sales
$1.5M
B2B non-Chinese supply chain sales
$0.9M
The Products That Matter
Fpv drone components
Fat Shark
part of $11.2M revenue
it is the clearest disclosed commercial product line, but the quiet part is scale: the whole company produced just $11.2M in 2025 revenue.
core product line
Defense and commercial systems
Drone systems
~35% FY2025 gross margin
this is where the upside narrative lives, but at ~35% consolidated gross margin (FY2025 summary) the business still looks like an early hardware story, not a finished platform.
scale watch
Key Numbers
n/a
operating margin
Prior margin KPI failed sanity check — verify in filings. Operating margin → profit after running the business → so what: UMAC loses more than $2 for every $1 of sales.
$11M
annual revenue
That is the current size of the business. Contrast it with the roughly $793M market cap and you get the valuation risk fast.
+101.2%
revenue growth
Sales doubled vs. prior year. That is the only reason this valuation has oxygen.
2.6
beta
Beta → how violently a stock moves versus the market → so what: this name swings hard even before fundamentals show up.
Financial Health
n/a
Strength
- balance sheet grade n/a
- price stability 5 / 100
n/a — functional but not a standout on the balance sheet.
Total Return vs. Market
source: institutional data · return history unavailable
What Just Happened
missed estimates
Q4 2025 revenue about $4.9M (~+144% vs Q4 2024); FY2025 revenue ~$11.2M.
FY2025 gross margin about 35% (Q4 ~36%) in the same summary; GAAP net loss ~$(19.2)M (about $0.74 loss per diluted share). Stock-based comp and other non-cash items matter—read the reconciliation in the 10-K.
$4.9M
Q4 2025 revenue
~$0.74
FY2025 GAAP EPS (loss)
~35%
FY2025 gross margin
the number that mattered
The filing-credible story is ~2× FY revenue on still-tiny dollars while GAAP remains deeply negative—valuation is mostly optionality, not current profit.
Unusual Machines FY2025 results (8-K / shareholder letter, Mar 2026) · SEC CIK 1956955 · EDGAR index
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What Could Go Wrong
UMAC's problem is not a mystery. An $11.2M revenue company with a ~$793M market cap has almost no room for a slow quarter, a messy quarter, or a quarter that looks ordinary.
High
Valuation compression
On ~$11.2M FY2025 revenue, the equity multiple is inherently extreme versus current sales—verify market cap vs. TTM revenue before trusting any single “× sales” headline. If growth slows, the multiple becomes the risk, not the reward.
this risk is attached to nearly all of the ~$793M equity value
High
Execution and profitability
The latest quarter came in at -$0.36 EPS versus a -$0.07 estimate. That gap says costs, timing, or both are still messy. A business this small does not get many expensive mistakes.
the last reported miss was $0.29 per share
Med
Order timing and concentration
When annual revenue is only $11.2M, a delayed contract or lumpy order book can distort the whole year. You do not need many misses for the narrative to crack.
small revenue base means even modest delays matter
Med
Volatility
A 2.6 beta and 5 / 100 price stability tell you this stock can move violently on limited information. That cuts both ways. Usually fast.
you should expect market-like moves to arrive amplified
$11.2M of revenue, a ~$793M market cap, a 2.6 beta, and a recent $0.29 EPS miss versus estimates make this a high-expectation stock with very little room for slow execution.
Source: institutional data · regulatory filings · risk analysis
Pay Attention To
Earnings
Next report has to show more than revenue growth
scheduled for may 14, 2026. You want revenue growth to continue, but you also need losses to improve from the recent -$0.36 EPS print.
Margin
Gross margin needs to hold or improve
~35% FY2025 gross margin (Q4 ~36% in the same summary) is decent for a young hardware business. If that slips while revenue scales, the operating model gets harder to defend.
Valuation
Watch the gap between market cap and sales
$793M of equity value against $11.2M of revenue is the central tension. If sales rise fast, the story works. If not, the multiple becomes the headline.
Volatility
Expect sharp moves on thin information
2.6 beta and 5 / 100 price stability mean conference commentary, contract chatter, and small updates can move the stock more than fundamentals would in a larger company.
Analyst Rankings
coverage
thin
formal analyst data is limited. in human-speak, you are getting less consensus support and more raw price discovery.
short-term read
unclear
there is not enough ranked coverage here to lean on the street. For this stock, quarterly execution matters more than target-chasing.
Source: institutional data
Institutional Activity
institutional ownership data for UMAC is being compiled.
Source: institutional data
Price Targets
3-5 year target range
$14
Current price
Target midpoint · from current
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