Financial Statements — UAVS
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | -- | -- | -- | -- | 3.78 | 0.27 | 0.98 | 0.82 | 1.60 | 4.20 | 2.85 | 5.30 | 13.51 | 9.19 | 32.22 | 39.21 | 24.19 |
| Accounts Receivable | 1.30 | 0.75 | 2.52 | 2.49 | 1.13 | 2.16 | 1.54 | 1.35 | 2.02 | 2.10 | 2.91 | 3.18 | 3.76 | 3.10 | 0.67 | 0.81 | 0.38 |
| Inventory | 5.60 | 5.72 | 5.99 | 5.70 | 5.39 | 5.89 | 6.38 | 6.44 | 6.06 | 6.52 | 6.58 | 6.12 | 5.65 | 5.31 | 1.74 | 1.03 | 0.89 |
| Total Current Assets | 28.09 | 43.48 | 25.78 | 14.10 | 10.98 | 8.82 | 9.35 | 9.33 | 10.70 | 13.91 | 13.37 | 15.99 | 25.22 | 19.22 | 36.33 | 42.26 | 26.25 |
| Property, Plant & Equipment | 0.76 | 0.63 | 0.35 | 0.40 | 0.41 | 0.54 | 0.60 | 0.67 | 0.60 | 0.65 | 0.70 | 0.84 | 0.84 | 0.91 | 0.38 | 0.40 | 0.30 |
| Goodwill | -- | -- | 4.46 | 4.46 | 4.46 | 7.40 | 7.40 | 7.40 | 21.68 | 23.18 | 23.18 | 64.87 | 64.87 | 64.87 | 64.57 | 64.57 | 22.12 |
| Intangible Assets | 0.08 | 0.04 | 1.50 | 1.62 | 1.77 | 2.14 | 2.31 | 2.46 | 9.24 | 10.07 | 10.86 | 12.22 | 12.88 | 13.29 | 70.88 | 70.78 | 25.78 |
| Total Non-current Assets* | 9.77 | 4.63 | 8.68 | 9.09 | 9.24 | 13.22 | 13.48 | 13.89 | 35.35 | 37.80 | 38.82 | 79.35 | 80.31 | 81.08 | 72.30 | 72.29 | 27.25 |
| Total Assets | 37.86 | 48.11 | 34.47 | 23.18 | 20.22 | 22.04 | 22.83 | 23.22 | 46.05 | 51.71 | 52.19 | 95.34 | 105.53 | 100.30 | 108.64 | 114.54 | 53.50 |
| Accounts Payable | 1.52 | 1.27 | 0.74 | 1.15 | 1.69 | 3.56 | 3.15 | 2.65 | 2.13 | 1.50 | 1.47 | 2.19 | 2.16 | 1.92 | 1.19 | 1.15 | 0.49 |
| Short-term Debt | -- | -- | 0.00 | 0.00 | -- | 0.76 | 1.12 | 0.68 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 4.37 | 4.38 | 4.46 | 4.99 | 5.60 | 13.36 | 12.16 | 11.30 | 7.88 | 6.37 | 5.23 | 5.77 | 16.45 | 16.12 | 7.06 | 8.19 | 9.07 |
| Long-term Debt | 0.15 | 0.15 | 0.21 | 0.24 | 0.42 | 0.30 | 0.32 | 4.50 | 0.51 | 0.88 | 0.86 | 1.01 | 1.21 | 1.25 | -- | -- | 0.11 |
| Total Non-current Liabilities* | 2.58 | 2.88 | 1.67 | 1.91 | 10.45 | 2.44 | 2.60 | 2.87 | 4.74 | 4.16 | 4.79 | 1.29 | 5.48 | 5.82 | 7.39 | 11.46 | 5.90 |
| Total Liabilities | 6.95 | 7.26 | 6.13 | 6.90 | 16.05 | 15.80 | 14.76 | 14.17 | 12.61 | 10.53 | 10.02 | 7.07 | 21.93 | 21.93 | 14.46 | 19.65 | 14.97 |
| Retained Earnings | (246.59) | (231.16) | (220.16) | (217.34) | (212.38) | (185.00) | (180.09) | (177.15) | (134.37) | (126.35) | (116.41) | (62.59) | (64.25) | (58.65) | (32.33) | (28.55) | (23.88) |
| Total Stockholder Equity | 30.91 | 40.86 | 28.34 | 16.28 | 4.18 | 6.23 | 8.07 | 9.05 | 33.44 | 41.18 | 42.17 | 88.28 | 83.60 | 78.37 | 94.18 | 94.90 | 38.53 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 2.69 | 1.40 | 2.99 | 1.97 | 4.20 | 3.65 | 2.82 | 3.28 | 3.39 | 3.89 | 2.92 | 3.48 | 3.28 | 4.06 | 5.49 | 5.29 | 3.84 | 4.10 | 2.02 | 1.94 |
| Cost of Revenue | 1.33 | 0.82 | 1.59 | 1.21 | 1.86 | 1.52 | 1.68 | 1.65 | 1.84 | 1.94 | 1.68 | 2.27 | 2.25 | 2.08 | 3.41 | 2.74 | 2.48 | 2.70 | 1.23 | 0.96 |
| Gross Profit | 1.36 | 0.58 | 1.41 | 0.76 | 2.34 | 2.13 | 1.15 | 1.63 | 1.55 | 1.95 | 1.24 | 1.21 | 1.03 | 1.98 | 2.08 | 2.55 | 1.36 | 1.40 | 0.79 | 0.98 |
| Research & Development | 1.98 | 1.76 | 1.05 | 1.01 | 0.81 | 0.74 | 0.79 | 0.97 | 1.08 | 1.13 | 1.20 | 1.37 | 1.37 | 1.58 | 1.82 | 2.18 | 2.18 | 2.17 | 0.78 | 0.91 |
| Selling, General & Admin | 3.90 | 2.75 | 2.18 | 2.23 | 2.53 | 1.97 | 2.65 | 1.89 | 2.36 | 2.68 | 3.17 | 3.36 | 3.50 | 3.58 | 4.18 | 4.44 | 5.48 | 3.81 | 2.54 | 4.06 |
| Total Operating Expenses | 6.97 | 5.68 | 9.91 | 3.91 | 4.41 | 3.14 | 6.99 | 3.50 | 4.10 | 4.35 | 25.37 | 7.20 | 5.90 | 6.14 | 7.23 | 7.94 | 8.85 | 20.12 | 4.59 | 5.80 |
| Operating Income | (5.61) | (5.10) | (8.51) | (3.15) | (2.07) | (1.00) | (5.84) | (1.86) | (2.54) | (2.39) | (24.13) | (5.99) | (4.87) | (4.16) | (5.15) | (5.39) | (7.48) | (18.71) | (3.80) | (4.82) |
| Interest Expense | -- | -- | -- | -- | -- | 0.02 | -- | 0.61 | -- | 3.49 | (0.09) | 0.08 | -- | -- | -- | -- | -- | -- | 0.00 | -- |
| Pretax Income | (15.39) | 1.42 | (8.44) | (2.62) | (1.28) | 7.06 | (22.34) | (3.46) | (2.93) | (6.32) | (24.51) | (8.02) | (5.29) | (4.60) | 1.66 | (5.60) | (7.60) | (18.73) | (3.77) | (4.68) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | 0.00 | -- |
| Net Income | (15.39) | 1.42 | (8.44) | (2.62) | (1.28) | 7.06 | (22.34) | (3.46) | (2.93) | (6.32) | (24.51) | (8.02) | (5.29) | (4.60) | 1.66 | (5.60) | (7.60) | (18.73) | (3.77) | (4.68) |
| Basic EPS | (0.26) | 0.00 | (0.62) | (0.09) | (0.32) | 0.51 | (29.20) | (16.03) | (0.24) | (0.77) | (7.86) | (0.07) | (0.05) | -- | 0.02 | -- | -- | -- | -- | -- |
| Diluted EPS | (0.26) | 0.00 | -- | (0.09) | (0.32) | (0.09) | (29.20) | (16.03) | (0.24) | (0.77) | (7.86) | (0.07) | (0.05) | -- | 0.01 | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (6.01) | (2.36) | (2.62) | (3.30) | (2.75) | (1.29) | (2.52) | (1.07) | (1.43) | (1.55) | (2.13) | (2.05) | (2.55) | (4.23) | (3.71) | (5.12) | (6.51) | (5.79) | (3.17) | (2.38) |
| Capital Expenditures | 0.20 | 0.36 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.02 | 0.12 | 0.05 | 0.04 | 0.01 | 0.11 | 0.06 | 0.07 | 0.30 | 0.02 | 0.13 |
| Free Cash Flow* | (6.21) | (2.72) | (2.66) | (3.31) | (2.76) | (1.30) | (2.53) | (1.07) | (1.44) | (1.58) | (2.25) | (2.09) | (2.59) | (4.24) | (3.83) | (5.18) | (6.59) | (6.09) | (3.19) | (2.51) |
| Investing Cash Flow | (10.26) | (3.36) | (0.04) | (0.01) | (0.01) | (0.01) | 0.00 | -0.00 | (0.05) | (0.04) | (0.21) | (0.14) | (0.17) | (0.25) | (4.06) | (0.50) | (3.50) | (11.86) | (6.08) | (11.28) |
| Financing Cash Flow | 5.25 | 2.69 | 15.82 | 14.44 | 4.51 | 1.43 | 5.93 | 0.32 | 1.65 | 1.64 | 1.82 | (0.05) | 3.78 | 3.00 | 0.01 | 9.95 | 4.61 | 0.01 | 2.26 | 28.68 |
* Derived from reported values
