Every material Form 8-K Unusual Machines, Inc. has filed with the SEC since October 22, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Unusual Machines reported third-quarter 2026 revenue of $13.9 million, up 551% from a year earlier but down 17% from the prior quarter. The company posted a net loss of $25.0 million, or $0.50 per share, compared with net income of $1.6 million a year earlier, mainly due to an $18.4 million unrealized loss on short-term investments. Management said adjusted EBITDA was a loss of $0.7 million and reiterated a goal of reaching positive adjusted EBITDA in 2027.
Revenue was $13.9 million for the quarter ended September 30, 2026, versus $2.1 million a year earlier and down 17% from the prior quarter.
Gross margin was 35.4%, compared with 39.4% in the third quarter of 2025.
Net loss was $25.0 million, or $0.50 per share, including an $18.4 million unrealized loss on investments and $5.5 million of stock compensation expense.
Cash was $162.0 million at September 30, 2026, versus $103.3 million at December 31, 2025, and working capital was $342.1 million.
Unusual Machines completed its merger with DroneNX LLC (Upgrade Energy) on October 19, 2026, adding U.S. drone battery manufacturing to its product line. The company issued 1,792,012 common shares valued at about $25.0 million and paid $1,000,000 in cash, with up to $26,000,000 more in earn-out payments possible; the filing does not give revenue or profit figures for the business.
Closing date: October 19, 2026; consideration of 1,792,012 shares (about $25.0 million) plus $1,000,000 cash
Earn-out of up to $26,000,000 cash, for aggregate merger consideration of up to $52,000,000
Matthew Barnard became CEO of Upgrade Energy; employment agreement has a two-year initial term and registration rights cover the issued shares
Separately, on October 20, 2026, 137,260 shares were issued to Rotor Lab sellers as earn-out consideration
Unusual Machines said on October 22, 2026, that it received a $16.9 million purchase order from Powerus Corporation (Nasdaq: PUSA) for American-made drone components. The order expands an existing commercial relationship as Powerus scales production, and it follows a previous order of more than $5 million announced in April 2026.
Purchase order of $16.9 million from Powerus Corporation, announced October 22, 2026
Order covers motors, batteries, cameras and video transmitters (VTX) for Powerus's unmanned systems
Follows an order of more than $5 million announced in April 2026 and a $30 million strategic equity investment by Unusual Machines in Powerus disclosed in June 2026
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