Watch for sustained sequential revenue growth in Q3 2026, especially eBee VISION deliveries and first counter-drone orders. Cash runway at current burn rate suggests possible need for capital raise within 12 months. Monitor U.S. Army Blue-Certified listing decision and any follow-on contract awards from CENTCOM EXTiC experiment.
Price Chart
Executive Summary
AgEagle Aerial Systems (UAVS) reported Q2 2026 revenue of $2.7M, up 93% sequentially from $1.4M in Q1 2026, but down 34% YoY from $4.1M in Q2 2025. Gross margin improved to 50.6% from 41.7% sequentially. The company highlighted sequential growth in drone (+67%) and sensor (+112%) revenue, domestic manufacturing scaling, and a counter-drone joint venture selected for a U.S. Central Command experiment. Cash burn remains significant, with cash declining to $15.9M from $29.5M at year-end 2025. No EPS or revenue consensus estimates were available; the sequential revenue improvement is notable, but the YoY decline and cash burn temper enthusiasm.
Key Financial Metrics
Key Facts
- Q2 2026 revenue of $2.7M, up 93% sequentially from $1.4M in Q1 2026, down 34% YoY from $4.1M in Q2 2025
- Gross margin 50.6% in Q2 2026, up from 41.7% in Q1 2026 but down from 56% in Q2 2025
- Drone revenue up 67% sequentially; sensor revenue up 112% sequentially
- Cash and equivalents $15.9M as of June 30, 2026, down from $29.5M at December 31, 2025 (burn of ~$13.6M in 6 months)
- ThirdEye USA counter-drone JV (51% owned) selected for U.S. Central Command EXTiC 26-2 experimentation event
- eBee VISION and eBee TAC platforms are Blue UAS listed; pursuit of U.S. Army Blue-Certified marketplace listing underway
- EPS reported as -$0.07; no consensus estimate available for comparison
Financial Impact
Revenue $2.7M (+93% QoQ, -34% YoY); gross margin 50.6% (+890 bps QoQ, -540 bps YoY)
Risk Factors
- YoY revenue decline of 34% signals ongoing top-line contraction
- Cash burn rate implies ~$27M annualized cash outflow; current cash $15.9M may require financing within 1-2 quarters if growth doesn't accelerate
- Dependence on federal procurement cycles and non-recurring contract awards
- Integration and scaling risks from multiple strategic investments (ThirdEye, Aerodrome, Agilis Air)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3345617 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $0.7649 $0.6825 | ▼ −10.77% | ▼ −9.28% | $0.5578 (−27.08%) |
Sep 22, 2026 4w ago | Institutional Cluster | $1.00 $0.9544 | ▼ −4.56% | ▼ −3.37% | $0.5578 (−44.22%) |
Aug 14, 2026 10w ago | Press Release | $0.9200 $1.08 | ▲ +17.39% | ▲ +18.58% | $0.5578 (−39.37%) |
May 15, 2026 23w ago | Press Release | $0.9800 $1.05 | ▲ +7.14% | ▲ +5.52% | $0.5578 (−43.08%) |
May 15, 2026 23w ago | 8-K | $0.9800 $1.05 | ▲ +7.14% | ▲ +5.52% | $0.5578 (−43.08%) |
May 8, 2026 24w ago | DEFA14A | $1.13 $0.9800 | ▼ −13.27% | ▼ −13.19% | $0.5578 (−50.64%) |
Apr 30, 2026 25w ago | DEFA14A | $1.06 $1.17 | ▲ +10.38% | ▲ +8.03% | $0.5578 (−47.38%) |
Apr 14, 2026 27w ago | 8-K | $1.04 $1.16 | ▲ +11.54% | ▲ +10.14% | $0.5578 (−46.37%) |
Apr 14, 2026 27w ago | Press Release | $1.04 $1.16 | ▲ +11.54% | ▲ +10.14% | $0.5578 (−46.37%) |
Mar 31, 2026 29w ago | 8-K | $0.9100 $0.9200 | ▲ +1.10% | ▼ −2.67% | $0.5578 (−38.70%) |
US Market Status
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