Earnings Releases·Nov 2, 2026, 8:00 AM ET

Guerrilla RF — Q3 2026 Earnings Summary

Record quarterly revenue of $10.1 million, up 61% year-over-year and 26% sequentially, driven by a 259% YoY surge in Aerospace & Defense revenue to $4.1 million.
Achieved significant profitability expansion with operating income of $2.4 million (vs. $0.2M loss prior year) and adjusted EBITDA of $2.9 million, while operating cash flow reached $2.3 million.
Product backlog grew to a record $16.2 million (up 19% from June 30, 2026), with management confident in scaling revenue faster than costs to fund future expansion internally.
Net loss of $3.7 million included a $6.0 million non-cash loss from warrant liability fair value changes; the company is actively pursuing an uplisting to the Nasdaq Stock Market.