Unusual Machines reports $162M+ cash, no debt
UMAC’s presentation pairs an estimated $3–$5 billion U.S. drone-components market with domestic production plans and a reported $162M+ cash balance.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Unusual Machines, Inc. (UMAC) posted an investor presentation on November 10, 2026, reflecting results for the quarter ended September 30, 2026; its CEO was scheduled to present it at Baird’s 2026 Global Industrial Conference on November 11. The presentation describes a component business serving drone manufacturers, an estimated $3–$5 billion U.S.-made drone-components market opportunity, a roughly 100,000 sq ft facility footprint and headcount of over 340 as of November 2026. It lists $162M+ cash on hand and no debt.
A quarterly chart lists gross margins of 39.4%, 36.2%, 32.8%, 34.7% and 35.4% from Q3 2025 through Q3 2026. The presentation cites Drone Dominance procurement phases and describes plans to expand U.S.-based production and automation. Its growth timeline lists the Upgrade Energy acquisition as completed, while another slide describes a definitive agreement to acquire it.
Filing Explained
The presentation lists Unusual Machines with 51,911,702 common shares, including 4,898,695 held by management and the board; separately, it lists 3,550,429 employee-plan options, 5,000,000 CEO warrants and 2,103,109 shares available for plan issuance. These are not issued common shares; any later issuance would increase the share count and reduce existing holders’ percentage ownership absent offsets.
8-K Event Classification
Key Figures
Key Terms
NDAA-compliant regulatory
Blue UAS Framework regulatory
sUAS technical
Attritable Systems technical
Drone Dominance Program regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much cash did UMAC report, and did it report debt?
What Drone Dominance orders does UMAC’s presentation cite?
What does UMAC’s presentation say about the Upgrade Energy acquisition?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including
area code:
N/A
(Former name or former address, if changed since last report.)
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
On November 10, 2026, Unusual Machines, Inc. (the “Company”) uploaded an investor presentation to the Company’s website reflecting the Company’s recently reported financial results for the quarter ended September 30, 2026. The Chief Executive Officer of the Company will also present the investor presentation at the Baird’s 2026 Global Industrial Conference on November 11, 2026. A copy of the investor presentation is furnished as Exhibit 99.1 of this Current Report on Form 8-K.
The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under such section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Exhibit | |
| 99.1 | Investor Presentation dated November 10, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Unusual Machines, Inc. | ||
| Date: November 10, 2026 | By: | /s/ Brian Hoff |
| Name: | Brian Hoff | |
| Title: | Chief Financial Officer | |
| 3 |
Exhibit 99.1
INVESTOR PRESENTATION NYSE American: UMAC November 2026
FORWARD LOOKING STATEMENTS This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but are not limited to, statements regarding: our inventory strategy; our expectations from the estimated $3 – $5 billion U.S. drone components market opportunity; the impact of enacted and proposed regulatory developments, including the Drone Dominance Progr
am and potential orders from drone OEM vendors; the closing and integration of the Upgrade Energy acquisition; our revenue growth and run rate; the anticipated benefits of our strategic materials purchase plan; our plans to expand production capacity; regulatory implementation timing; and anticipated procurement levels. Forward - looking statements may be identified by words such as “believe,” “may,” “estimate,” “anticipate,” “
intend,” “plan,” “target,” “potential,” “will,” “expect” and similar expressions, though the absence of such words does not mean a statement is not forward - looking. Actual results may differ materially from those expressed or implied by forward - looking statements. Factors that could cause actual results to differ include: our ability to manage rapid growth; whether our advance inventory and materials strategy will succeed; risks related to government procurement programs, including appropriation requirements, program changes, and competitive selection processes; regulatory risks, including potential revocation or modification of executive orders, judicial challenges, and market impact uncertainty; risks related to the Upgrade Energy acquisition, including integration, and battery - specific risks; customer concentration; capital commitment and potential write - downs; competitive risks; technology obsolescence; and other risk factors described in our SEC filings, including our Prospectus Supplement dated March 19, 2026 and Form 10 - K for the year ended December 31, 2025. Any forward - looking statement made by us herein speaks only as of the date on which it is made. We undertake no obligation to update any forward - looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
INVESTMENT HIGHLIGHTS Component manufacturer for small drones with high market demand ● Multiple US - made and NDAA - compliant products approved for Blue UAS Framework ● Orlando, FL based: ~100,000 sq ft ● Serving Enterprise, Defense, and Retail customers across high - volume drone platforms Accelerated growth strategy ● Aggressive inventory strategy to stay ahead of customer demand and be a vendor of choice ● Building specialized U.S. - based production lines for demand driving components ● Investing in automation to expand production scale ● Accelerated hiring to increase our headcount to over 340 as of November 2026 ● Definitive agreement signed to acquire Upgrade Energy to accelerate and strengthen our domestic battery capabilities Legislation driving near and long - term opportunities ● Recent U.S. legislation increasingly favoring domestic & NDAA - compliant drone supply chains ● Executive Orders and DoW initiatives unlocking significant new federal funding streams ● FCC ban on foreign made drones and drone parts creating multi - year market expansion for U.S. suppliers Strong growth momentum & financial profile ● Consistent quarter - over - quarter growth ● $162M+ cash on hand + $65.8M in inventory balances + $98.3M in short - term investments + No debt
Focus High production volumes of U.S. - Made value segment parts U.S. Footprint ~100,000 sq ft across dedicated facilities NDAA Products Critical electronics • Flight Controllers • Electronic Speed Controllers • Analog Video Systems Drone Motors FPV Headsets Cameras Batteries DRONE COMPONENT MANUFACTURER
sUAS: SMALL UNMANNED AIRCRAFT SYSTEMS ● Less than 55 lbs. (typically 1 to 5 lbs.) ● Dominant configuration: Multirotor ● 3" to 10" propeller size category ● FPV: First Person View ● Attritable Systems Low cost – acceptable to lose
Upgrade Energy RED V3 6S1P 5000mAh Molicel P50B Long (XT60): $160 Fat Shark Aura FPV Camera: $67 Fat Shark Video Transmitter: $70 Rotor Riot Brave F7 Flight Controller: $58 Rotor Riot Brave 55A ESC: $115 Rotor Riot 7" Airframe: $75 Unusual Machines 2807 Motor: $43 Unusual Machines parts on sub - $2,000 drone assembly $3 - $5BN Market Opportunity for U.S. - Made Drone Components * • U.S. defense and enterprise programs are driving demand for 1M+ small drones, targeting sub $2,000 for attritable systems Our Components Power Drone Manufacturers • Unusual Machines parts are used by a wide range of drone OEMs which have multiple pathways into programs and subsegments Flexible Interoperability: From Single Parts to Full Systems • Some customers use a single component (e.g., flight controller or camera) • Others build drones entirely from our parts leveraging high compatibility across our product lines *Source: Fact.MR OUR PARTS IN ACTION
H O B B YI S T D E F E N S E E N T E R P R I S E C ON S U M E R CUSTOMER SEGMENTS
Operations: • New Corp HQ • US Headset production begins Defense Catalyst: • DDP Gauntlet I places $150M initial orders of 30k drones Market Cap: $593M Operations: • Scaling production • Initiate $75M strategic materials purchase plan Defense Catalyst: • DDP Gauntlet II Begins M&A: • Upgrade Energy acquisition agreement announced Market Cap: $1.1B Operations: • Begin hiring production staff • Launch Motor Factory Macro Catalysts: • Drone Dominance Program launches • FCC Policy Change to prohibit foreign drones and drone parts Market Cap: $482M Operations: • Began installation of automated motor line Defense Catalyst: • DDP Gauntlet II places $300M initial order of 60K drones Market Cap: $1.2B *Analyst Consensus Projectio ns (Yaho o Finance, so urced from LSEG/Refinitiv) Operations: • Launch of automated motor production. • Anticipating additional 100,000+ sq ft expansion M&A: • Completed Upgrade Energy Acquisition GROWTH STRATEGY
RECENT REGULATORY DEVELOPMENTS ● National Defense Authorization Act renewed for 2026 ○ Continued restrictions for critical components produced in covered foreign countries ○ Establishes working group to identify strategic investments in the sUAS industrial base to support domestic production (sec 914) ● FCC action mandates use of U.S. made critical drone components - Secure Networks Act ○ Covered List expanded to include all UAS and critical components produced in any foreign country ● Drone Dominance : ~$1B Pentagon initiative to expand use of U.S. produced drones in defense ○ Gauntlet 1: 30,000 drones ordered in the first phase ordered from the 11 selected vendors ○ Gauntlet 2: 60,000 additional drones targeted for procurement from 9 selected vendors with increasingly stringent supply - chain requirements that restrict sourcing from covered countries ○ Gauntlets 3 & 4: Additional procurement phases planned, with a combined target quantity of 250,000 drones to be ordered
OUR COMPETITIVE ADVANTAGE ● Regulatory: NDAA, Tariffs, U.S. Drone Dominance, FCC Secure Networks Act … ● Timing: U.S. drone component thesis ● Working Capital: $340M+ ● Expertise and history ○ Fat Shark headsets since 2007 ○ OEM drone components since 2017 ○ Rotor Riot drones built in U.S. since 2019 ○ Upgrade Energy batteries built in U.S. since 2020 ○ Rotor Labs Motors made in Australia since 2022
DRONE PARTS LANDSCAPE P r e m i u m V a l u e USA (Blue) EU / ISRAEL A S I A
REVENUE & GROSS MARGIN 39 . 4 0 % 36 . 2 0 % 32.80% 3 4 . 7 0 % 3 5 . 4 0 % 0 . 0 0 % 5 . 0 0 % 10.00% 1 5 . 0 0 % 2 0 . 00 % 2 5 . 00 % 3 0 . 00 % 3 5 . 00 % 40 . 0 0 % 4 5 . 0 0 % $ - $2,000,000.00 $ 4 , 0 0 0 , 0 0 0 . 00 $ 6 , 0 0 0 , 0 0 0 . 00 $ 8 , 0 0 0 , 0 0 0 . 00 $10,000,000.00 $ 1 2 , 0 0 0 , 0 0 0 . 00 $14,000,000.00 $16,000,000.00 $ 1 8 , 0 0 0 , 0 0 0 . 0 0 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 R e v e n ue Gross Margin
Common Stock Management + Board 4,898,695 Shares + Common Shares (Free Float) 47,013,007 Shares = Total Common Shares 51,911,702 Shares Employee Equity EIP Options Outstanding 3,550,429 Shares CEO Warrants 5,000,000 Shares EIP Availability for Issuance 2,103,109 Shares CAPITALIZATION TABLE
MEET THE TEAM
INVESTMENT HIGHLIGHTS Component manufacturer for small drones with high market demand ● Multiple US - made and NDAA - compliant products approved for Blue UAS Framework ● Orlando, FL based: ~100,000 sq ft ● Serving Enterprise, Defense, and Retail customers across high - volume drone platforms Accelerated growth strategy ● Aggressive inventory strategy to stay ahead of customer demand and be a vendor of choice ● Building specialized U.S. - based production lines for demand driving components ● Investing in automation to expand production scale ● Accelerated hiring to increase our headcount to over 340 as of November 2026 ● Definitive agreement signed to acquire Upgrade Energy to accelerate and strengthen our domestic battery capabilities Legislation driving near and long - term opportunities ● Recent U.S. legislation increasingly favoring domestic & NDAA - compliant drone supply chains ● Executive Orders and DoW initiatives unlocking significant new federal funding streams ● FCC ban on foreign made drones and drone parts creating multi - year market expansion for U.S. suppliers Strong growth momentum & financial profile ● Consistent quarter - over - quarter growth ● $162M+ cash on hand + $65.8M in inventory balances + $98.3M in short - term investments + No debt
INVESTOR CONTACT Email: investors@unusualmachines.com 5728 Major Blvd Suite 250 Orlando, FL 32819 United States