Tariffs and trade policypositive · 3 filings
“The increase in cost of goods sold is primarily driven by the increase in our revenue and growth in B2B sales along with the increase in tariffs during 2025.”10-K · Mar 12, 2026 ↗
Unusual Machines, Inc.
UMAC
Market read
No connected market move is active around Unusual Machines, Inc..
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Company-10.4% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- UMAC's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if UMAC's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- UMAC's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods4
Price observations333
Usable filing statements19
Verified relationships10
Evidence supporting the case
- Latest annual revenue changed +101.2% year over year.
- Operating margin changed +80.7 percentage points in the latest annual period.
- Net margin changed +403.3 percentage points in the latest annual period.
- Tariffs and trade policy has repeated favorable evidence across 3 filings.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 30, 2026
24.556m+32.0%12m+114.8%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-12-31$0—$-0.31—
2023-12-31$0—$-0.72-17.4%
2024-12-31$5.6M—$-3.84—
2025-12-31$11.2M+101.2%$-0.74—
What management says matters
Persistent and emerging business drivers
Demand and volumemixed · 1 filings
“Thompson is not an independent director, because of the purchase orders we received from Teal Drones, a Red Cat subsidiary.”10-K · Mar 12, 2026 ↗
Foreign exchangenegative · 1 filings
“Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity (deficit) as “Accumulated other comprehensive income (loss).” Gains and losses resulting from foreign currency t…”10-K · Mar 12, 2026 ↗
Supply chain and availabilitymixed · 1 filings
“Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity (deficit) as “Accumulated other comprehensive income (loss).” Gains and losses resulting from foreign currency t…”10-K · Mar 12, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
22.36-10.4% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 13:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for UMAC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for UMAC. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind UMAC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
RCATRed Cat Holdings, Inc.customerMar 12, 2026 ▾
“On October 3, 2025, we secured an $800,000 purchase order for high-performance drone components from Red Cat.”
ADIAnalog Devices, Inc.supplierNov 6, 2025 ▾
“We are the primary supplier of NDAA compliant components including our Blue UAS listed Aura Analog Camera, Aura VTX, Brave Flight Controller, and Brace ESCs for the RRSL line.”
Depended on by
RCATRed Cat Holdings, Inc.investeeNov 13, 2025 ▾
“This decrease is primarily related to a loss of $4,008,357 recognized in the 2024 period on the impairment of the investment in Unusual Machines, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
UMAC is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for UMAC; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.