Unusual Machines, Inc. (UMAC) Stock

Unusual Machines, Inc. (UMAC) is a Technology stock trading at $19.36 (as of 2026-07-24), with a market capitalization of $925.29M and a trailing P/E of 558.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Unusual Machines, Inc. designs, manufactures, and sells video goggles for drone pilots, and it also operates an e-commerce marketplace focused on drones. The company was incorporated in 2019 and is based in San Juan, Puerto Rico; it changed its name from AerocarveUS Corporation to Unusual Machines, Inc. in July 2022.

Understand Unusual Machines, Inc.: how it makes money

Unusual Machines makes and sells ultra-low latency video goggles for drone pilots, and it also operates a drone-focused e-commerce marketplace, earning money from product sales and marketplace activity.

Even though the company reports a positive gross margin (32.8%), its operating margin is deeply negative (-89.7%), which points to a profit model where product gross profit is not enough to cover operating costs.

Business quality (Weak): The business spans ultra-low latency video goggles and a drone marketplace, but profitability is currently pressured (operating margin -89.7%) while revenue is reported as 0.0 for the latest period.

Bull case

  • Product gross profit is positive: For the period ended 2026-03-31, gross margin is 32.8%, indicating the core product economics are not gross-loss.
  • Two revenue engines: The company both designs, manufactures, and sells the video goggles and operates a drone-focused e-commerce marketplace, which can diversify where sales come from (enterprise and retail).

Bear case

  • Operating losses are very large: Operating margin is -89.7% for the period ended 2026-03-31, meaning operating expenses greatly exceed operating gross profit.
  • Latest-quarter revenue is reported as 0.0: For 2026-03-31, revenue_b is shown as 0.0, so reported performance in the latest period is minimal or not reflected in the provided revenue figure.
Valuation — source: SEC EDGAR (first-party)
Price$19.36
Market Cap$925.29M
P/E Ratio558.9
Price / Book2.79
Price / Sales64.27
FCF Yield-3.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$11.20M
Net Margin-171.4%
Revenue Growth (YoY)101.2%
EPS Growth (YoY)-80.7%
FCF Growth (YoY)481.5%
Financial Health — source: SEC EDGAR
Altman Z-Score58.36 (safe)
Valuation vs Sector & Industry
Stock P/E558.9
Sector P/E (Technology)34.6
Industry P/E (Electronic Equipment)41.3
vs Sector1516.1%
vs Industry1254.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAMERIPRISE FINANCIAL INC ($25.07M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOAllan Thomas Evans
Employees16
CountryUS
IPO Date2024-02-14

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UMAC earnings history · UMAC institutional & insider holders · UMAC KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.