Guerrilla RF Inc (GUER) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GUER SEC filings page.
Guerrilla RF Inc (GUER) reported $27.5M in revenue over the twelve months to Jun 30, 2026, up 47.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Improving gross margins and shrinking cash losses have not yet offset a balance sheet dependent on external financing.
Gross margin expanded to65.3% in FY2025 while operating cash flow was-$1.4M , linking better unit economics to less cash consumption. Because financing cash flow was-$1.0M , the improvement did not come from a fresh funding inflow.
The balance sheet remains structurally strained: FY2025 liabilities of
Cost structure is doing much of the work behind the recovery: operating margin improved from
Financial Health Signals
Guerrilla RF Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Guerrilla RF Inc scores -3.25, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($45.0M) relative to total liabilities ($37.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Guerrilla RF Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Guerrilla RF Inc reported a net loss of $7.0M while operations used $1.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Guerrilla RF Inc reported an operating loss of $4.7M against $986K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Guerrilla RF Inc generated $8.0M in revenue in Q2 2026. This represents an increase of 49.2% from the same quarter a year earlier. Against the prior quarter it is up 24.0%.
Guerrilla RF Inc's EBITDA was $1.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 257.2% from the same quarter a year earlier. Against the prior quarter it is up 413.1%.
Guerrilla RF Inc reported -$2.2M in net income in Q2 2026. This represents a decrease of 374.3% from the same quarter a year earlier. Against the prior quarter it is down 299.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
Guerrilla RF Inc generated $2.3M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 242.1% from the same quarter a year earlier. Against the prior quarter it is up 272.0%.
Guerrilla RF Inc held $4.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Guerrilla RF Inc's gross margin was 70.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 6.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Guerrilla RF Inc's operating margin was 12.0% in Q2 2026, reflecting core business profitability. This is up 37.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.8 percentage points.
Guerrilla RF Inc's net profit margin was -27.9% in Q2 2026, showing the share of revenue converted to profit. This is down 19.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 45.2 percentage points.
Not reported for Q2 2026.
Capital Allocation
Guerrilla RF Inc invested $2.1M in research and development in Q2 2026. This represents a decrease of 4.4% from the same quarter a year earlier. Against the prior quarter it is up 4.5%.
Guerrilla RF Inc invested $161K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 68.5% from the same quarter a year earlier. Against the prior quarter it is up 155.0%.
Not reported for Q2 2026.
GUER Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.0M+49.2% | $6.5M+47.8% | $6.7M+52.6% | $6.3M+39.0% | $5.4M-12.1% | $4.4M-14.1% | $4.4M-6.6% | $4.5M+34.4% |
| Cost of Revenue | $2.3M+23.6% | $1.9M+14.2% | $2.2M+29.2% | $2.0M+30.0% | $1.9M-11.1% | $1.7M-9.0% | $1.7M-14.3% | $1.6M+5.4% |
| Gross Profit | $5.7M+63.0% | $4.5M+69.2% | $4.5M+67.9% | $4.2M+43.8% | $3.5M-12.7% | $2.7M-17.1% | $2.7M-0.8% | $3.0M+57.5% |
| R&D Expenses | $2.1M-4.4% | $2.0M-20.4% | $1.9M-24.3% | $2.0M-21.4% | $2.2M-10.1% | $2.5M+10.7% | $2.5M+11.8% | $2.5M-9.7% |
| SG&A Expenses | $1.1M-4.5% | $968K-33.4% | $950K-43.0% | $941K-28.0% | $1.2M-0.4% | $1.5M-0.1% | $1.7M+31.7% | $1.3M-5.4% |
| Operating Income | $964K+171.1% | -$46K+98.5% | $55K+101.8% | -$198K+92.4% | -$1.4M-13.2% | -$3.2M-72.0% | -$3.1M-48.5% | -$2.6M+30.0% |
| EBITDA | $1.4M+257.2% | $280K+109.8% | $73K+102.2% | $261K+113.3% | -$915K-67.3% | -$2.9M-94.2% | -$3.3M-86.6% | -$2.0M+40.6% |
| Interest Expense | $219K-9.8% | $204K-3.2% | $241K+6.9% | $292K-41.7% | $242K-71.7% | $211K-87.5% | $225K-84.4% | $501K-31.5% |
| Net Income | -$2.2M-374.3% | $1.1M+131.7% | -$2.3M-247.5% | -$645K+91.0% | -$471K+73.2% | -$3.5M-5.0% | $1.6M+143.1% | -$7.2M-60.7% |
| EPS (Basic) | -$0.21-320.0% | $0.06+117.6% | -$0.22-215.8% | -$0.06+91.5% | -$0.05+70.6% | -$0.34+19.0% | $0.19+142.2% | -$0.71-14.5% |
| EPS (Diluted) | N/A | $0.06 | N/A | N/A | N/A | -$0.34 | N/A | N/A |
| Diluted Shares (Avg) | N/A | 18M | N/A | N/A | N/A | 10M | N/A | N/A |
Not reported in any period shown, so not listed: Income Tax.
GUER Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20.8M-5.2% | $20.6M-7.6% | $19.5M-21.7% | $20.2M-28.3% | $21.9M+20.3% | $22.3M+0.1% | $24.9M+31.1% | $28.2M+43.1% |
| Current Assets | $10.2M+4.3% | $9.7M-6.4% | $8.1M-35.1% | $8.3M-45.7% | $9.8M+101.7% | $10.3M+18.2% | $12.5M+157.5% | $15.2M+233.8% |
| Cash & Equivalents | $4.6M-5.3% | $3.2M-47.4% | $4.2M-47.9% | $4.0M-64.4% | $4.8M+650.5% | $6.1M+70.4% | $8.0M+920.7% | $11.3M+1186.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $2.2M+24.6% | $1.8M+0.4% | $1.6M-11.0% | $2.0M+4.6% | $1.8M+6.0% | $1.8M+0.5% | $1.8M+19.9% | $1.9M+0.7% |
| Accounts Receivable | $3.0M+21.1% | $4.0M+106.0% | $1.8M-19.0% | $1.9M+5.4% | $2.5M+15.7% | $1.9M-32.0% | $2.2M+7.4% | $1.8M+18.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $39.6M+5.6% | $37.5M-0.4% | $37.7M+1.5% | $36.3M-15.7% | $37.5M+58.9% | $37.7M+43.3% | $37.1M+43.9% | $43.0M+85.4% |
| Current Liabilities | $10.2M+40.9% | $7.9M+11.3% | $7.8M+26.0% | $6.3M-43.6% | $7.2M+32.1% | $7.1M-12.4% | $6.2M-64.2% | $11.3M-15.7% |
| Non-Current Liabilities | $29.4M-2.8% | $29.6M-3.2% | $29.9M-3.4% | $29.9M-5.9% | $30.3M+67.0% | $30.6M+68.1% | $30.9M+265.3% | $31.8M+222.7% |
| Total Equity | -$18.8M-20.9% | -$16.9M-10.0% | -$18.2M-48.9% | -$16.1M-8.1% | -$15.6M-189.6% | -$15.4M-282.3% | -$12.2M-79.8% | -$14.9M-321.9% |
| Retained Earnings | -$61.9M-7.1% | -$59.7M-4.0% | -$60.8M-13.0% | -$58.5M-5.6% | -$57.8M-20.0% | -$57.3M-23.5% | -$53.8M-25.0% | -$55.4M-40.6% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
GUER Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.4M+324.2% | -$1.3M+44.6% | $1.1M+138.4% | $900K+150.8% | -$1.1M+7.9% | -$2.3M-168.7% | -$2.9M-25.8% | -$1.8M+21.1% |
| Depreciation & Amortization | $475K+7.9% | $327K+7.7% | $324K-15.2% | $459K-29.1% | $440K-32.3% | $303K-17.2% | $382K+9.8% | $647K+53.0% |
| Stock-Based Compensation | $235K-13.4% | $134K-63.3% | N/A | $161K-68.4% | $271K-19.7% | $364K-8.1% | N/A | $510K |
| Capital Expenditures | $161K-68.5% | $63K+33.5% | $204K+161.2% | $614K+220.8% | $512K+501.3% | $47K+82.1% | $78K+113.0% | $192K+322.5% |
| Free Cash Flow | $2.3M+242.1% | -$1.3M+43.0% | $896K+130.4% | $286K+114.5% | -$1.6M-26.5% | -$2.3M-166.1% | -$2.9M-27.2% | -$2.0M+14.3% |
| Investing Cash Flow | -$161K+68.5% | -$63K-33.5% | -$204K-161.2% | -$614K-204.2% | -$512K-14.7% | -$47K-82.1% | -$78K-313.0% | -$202K-345.7% |
| Financing Cash Flow | -$932K-441.5% | $383K-18.7% | -$754K-108.3% | -$1.0M-108.2% | $273K+120.4% | $471K-87.2% | -$362K-116.9% | $12.6M+330.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
GUER Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.9%+6.0pp | 69.9%+8.8pp | 66.4%+6.1pp | 67.5%+2.2pp | 64.9%-0.4pp | 61.1%-2.2pp | 60.4%+3.5pp | 65.3%+9.6pp |
| Operating Margin | 12.0%+37.3pp | -0.7%+71.6pp | 0.8%+71.8pp | -3.1%+54.5pp | -25.2%-5.7pp | -72.3%-36.2pp | -71.0%-26.4pp | -57.7% |
| Net Margin | -27.9%-19.1pp | 17.4%+98.4pp | -34.7%-70.7pp | -10.3% | -8.8%+20.0pp | -81.0%-14.8pp | 35.9%+113.8pp | -159.2% |
| Return on Assets | -10.7%-8.6pp | 5.4%+21.3pp | -11.9%-18.3pp | -3.2%+22.4pp | -2.1%+7.5pp | -15.9%-0.8pp | 6.3%+25.6pp | -25.6%-2.8pp |
| Current Ratio | 1.00-0.4x | 1.22-0.2x | 1.04-1.0x | 1.300.0x | 1.35+0.5x | 1.46+0.4x | 2.02+1.7x | 1.35+1.0x |
| Asset Turnover | 0.39+0.1x | 0.31+0.1x | 0.34+0.2x | 0.31+0.2x | 0.24-0.1x | 0.200.0x | 0.18-0.1x | 0.160.0x |
| FCF Margin | 28.3%+58.0pp | -20.4%+32.5pp | 13.4%+80.4pp | 4.5%+48.0pp | -29.7%-9.1pp | -52.8%-35.8pp | -67.0%-17.8pp | -43.4%+24.7pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: Shareholder equity is negative (-$18.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Guerrilla RF Inc GUER | FY2025 | $22.7M | -$7.0M | -30.7% | $45.0M | — |
| Micromen Tech MMTIF | FY2025 | N/A | N/A | N/A | $8.0M | — |
| Parkervision PRKR | FY2025 | $0 | $7.4M | N/A | $18.5M | — |
Where Guerrilla RF Inc Ranks
Frequently Asked Questions
What is Guerrilla RF Inc's annual revenue?
Guerrilla RF Inc (GUER) reported $22.7M in total revenue for fiscal year 2025. This represents a 13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Guerrilla RF Inc's revenue growing?
Guerrilla RF Inc (GUER) revenue grew by 13.0% year-over-year, from $20.1M to $22.7M in fiscal year 2025.
Is Guerrilla RF Inc profitable?
No, Guerrilla RF Inc (GUER) reported a net income of -$7.0M in fiscal year 2025, with a net profit margin of -30.7%.
What is Guerrilla RF Inc's EBITDA?
Guerrilla RF Inc (GUER) had EBITDA of -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Guerrilla RF Inc's gross margin?
Guerrilla RF Inc (GUER) had a gross margin of 65.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Guerrilla RF Inc's operating margin?
Guerrilla RF Inc (GUER) had an operating margin of -20.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Guerrilla RF Inc's net profit margin?
Guerrilla RF Inc (GUER) had a net profit margin of -30.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Guerrilla RF Inc's free cash flow?
Guerrilla RF Inc (GUER) recorded an outflow of $2.8M in free cash flow during fiscal year 2025. This represents a 60.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Guerrilla RF Inc's operating cash flow?
Guerrilla RF Inc (GUER) recorded an outflow of $1.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Guerrilla RF Inc's total assets?
Guerrilla RF Inc (GUER) had $19.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Guerrilla RF Inc's capital expenditures?
Guerrilla RF Inc (GUER) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Guerrilla RF Inc spend on research and development?
Guerrilla RF Inc (GUER) invested $8.6M in research and development during fiscal year 2025.
What is Guerrilla RF Inc's current ratio?
Guerrilla RF Inc (GUER) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.
What is Guerrilla RF Inc's return on assets (ROA)?
Guerrilla RF Inc (GUER) had a return on assets of -35.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Guerrilla RF Inc's P/E ratio?
Guerrilla RF Inc (GUER) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $45.0M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Guerrilla RF Inc's price-to-sales ratio?
Guerrilla RF Inc (GUER) trades at 1.6x sales, its market capitalization divided by revenue of $27.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $45.0M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Guerrilla RF Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Guerrilla RF Inc (GUER) held $4.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.4M over that year. Dividing the one by the other, the reported balance equals about 36 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Guerrilla RF Inc's debt-to-equity ratio negative or not reported?
Guerrilla RF Inc (GUER) has negative shareholder equity of -$18.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Guerrilla RF Inc's Altman Z-Score?
Guerrilla RF Inc (GUER) has an Altman Z-Score of -3.25, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Guerrilla RF Inc's Piotroski F-Score?
Guerrilla RF Inc (GUER) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Guerrilla RF Inc's earnings high quality?
Guerrilla RF Inc (GUER) reported a net loss of $7.0M while operations used $1.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Guerrilla RF Inc cover its interest payments?
Guerrilla RF Inc (GUER) reported an operating loss of $4.7M against $986K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.