Unusual Machines Inc (NYSE American: UMAC) is a drone components company that manufactures and sells drone parts, accessories, and complete drones for commercial, defense, public safety, and recreational end markets. Revenue comes from transactional product sales, including drone components sourced and manufactured by the company, sold to customers that include related-party defense contractors. The company operates through subsidiaries, one of which is Rotor Riot, a reseller of consumer drones. UMAC completed its IPO on February 14, 2024 on NYSE American and is incorporated in Nevada. As of FY2025, the company carried no long-term debt, has never paid a dividend, and has funded operations through a series of equity offerings, raising net proceeds of approximately $36.5 million in May 2025 and approximately $44.9 million in July 2025. The company has stated intentions to pursue acquisitions of cash-flow-positive drone component manufacturers, including targets that could support domestic U.S. production.

Revenue model

Transactional product sales of drone components and complete drones. A material related-party order of $2.1 million was received from Teal Drones, a subsidiary of Red Cat, in January 2026, with an additional $0.8 million order from the same entity in October 2025. Revenue is also generated through Rotor Riot, a subsidiary that resells consumer drones.

Products and services

Drone components including flight controllers, motors, and accessories. Complete drones sold through the Rotor Riot subsidiary. The company also sources components from vendors, including those located in China, and has stated a goal of domestically producing drone components.

Customers and end markets

End markets include commercial, defense, public safety, and recreational drone users. A disclosed related-party customer is Teal Drones, a subsidiary of Red Cat Holdings, with orders of $0.8 million (October 2025) and $2.1 million (January 2026, expected delivery first half of 2026). Jeff Thompson, CEO of Red Cat, also serves on the Board of Directors of Unusual Machines.

Value-chain role

Component manufacturer and distributor sitting between upstream suppliers (including China-based vendors) and end users or OEM integrators. Also operates as a retail reseller of complete drones through the Rotor Riot subsidiary.

Geographic exposure

Primary operations in the United States. Sources components from vendors including those located in China. The 10-K filed 2026-03-12 identifies tariff exposure and reliance on foreign supply sources as risk factors.

Source: SEC 10-K, filed 2026-03-12

Industry: Radio & Tv Broadcasting & Communications Equipment Peers: Red Cat Holdings Inc