The strong revenue growth, margin expansion, and backlog build support the path to full-year profitability in 2026. Monitor next quarter for sustained operating income positive and cash flow generation to confirm inflection.
Price Chart
Executive Summary
Guerrilla RF reported Q1 2026 revenue of $6.5M (+48% YoY), gross margin expansion to 69.9% (+880 bps), and net income of $1.1M vs a $3.5M loss a year ago. The company is approaching operating breakeven with a record $8.8M backlog, signaling continued operational momentum.
Key Financial Metrics
Key Facts
- Revenue grew 48% YoY to $6.5M, driven by 207% catalog revenue growth
- Gross margin expanded 880 bps to 69.9%
- Operating loss narrowed to ($46K) from ($3.2M) in Q1 2025
- Net income of $1.1M vs net loss of $3.5M in prior year period
- EPS of $0.06 vs ($0.34) in Q1 2025
- Product backlog grew 31% YoY to $8.8M
- Cash balance of $3.2M as of March 31, 2026
Financial Impact
Revenue $6.5M, gross profit $4.5M, net income $1.1M, EPS $0.06
Risk Factors
- Automotive revenue declined due to reduced demand in legacy programs
- Cash balance declined to $3.2M from $4.2M at year-end 2025
- Net income included non-cash gains and tax credits; operating income still negative
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-015017 |
| Document: guer20260505_8k.htm | 0001437749-26-015017 |
| Document: 0001437749-26-015017-index-headers.html | 0001437749-26-015017 |
| Document: 0001437749-26-015017-index.html | 0001437749-26-015017 |
| Document: 0001437749-26-015017.txt | 0001437749-26-015017 |
| 8-K Data (Synthetic) | 0001437749-26-015017 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 11w ago | 8-K | $3.50 $3.72 | ▲ +6.29% | ▲ +5.07% | $4.17 (+19.14%) |
May 19, 2026 23w ago | Insider Cluster | $2.92 $3.00 | ▲ +2.74% | ▲ +0.49% | $4.17 (+42.81%) |
May 19, 2026 23w ago | Insider Cluster | $2.92 $3.00 | ▲ +2.74% | ▲ +0.49% | $4.17 (+42.81%) |
May 19, 2026 23w ago | Insider Cluster | $2.92 $3.00 | ▲ +2.74% | ▲ +0.49% | $4.17 (+42.81%) |
May 7, 2026 24w ago | EFFECT | $2.67 $2.65 | ▲ +0.79% | ▲ +2.29% | $4.17 (−56.12%) |
May 6, 2026 24w ago | 8-K | $2.70 $3.04 | ▲ +12.43% | ▲ +11.30% | $4.17 (+54.22%) |
US Market Status
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