AgEagle Aerial Systems, Inc. (UAVS) Income Statement
UAVS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUAVS revenue and net income
Where UAVS's revenue goes
2025Each bar shows an amount and its share of revenue. UAVS kept −101.9% of revenue as net income.
UAVS profit margins
UAVS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.3% | −12.5% | +58.4% | +10.1% |
| Gross profit | +5.6% | −6.9% | +63.2% | +33.2% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UAVS quarterly EPS vs estimates
AgEagle Aerial Systems beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 13, 2026.
UAVS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.8M | $13.4M | $13.7M | $19.1M | $9.8M | $1.3M | $296,677 | $107,813 | $1.3M | $2.5M |
| Cost of revenue | $6.2M | $7.1M | $8.3M | $10.9M | $5.5M | $711,650 | $202,049 | $61,680 | $1.4M | $2.7M |
| Gross profit | $6.6M | $6.3M | $5.5M | $8.2M | $4.3M | $573,733 | $94,628 | $46,133 | −$34,941 | −$199,531 |
| Research & development | $3.6M | $4.0M | $6.6M | $8.1M | $4.1M | $29,392 | $38,948 | — | $10,221 | $7,019 |
| Sales, general & admin | $12.0M | $12.0M | $17.3M | $22.7M | $18.1M | $5.5M | $2.6M | $2.1M | $2.3M | $2.5M |
| Total operating expenses | $15.6M | $18.9M | $44.6M | $72.5M | $34.5M | $5.5M | $2.6M | $2.1M | $2.6M | $2.9M |
| Operating income | −$8.9M | −$12.6M | −$39.2M | −$64.3M | −$30.3M | −$4.9M | −$2.5M | −$2.1M | −$2.7M | −$11.1M |
| Interest income | — | — | — | — | — | — | $500 | $32,420 | $0 | $4.4M |
| Interest expense | $9,593 | $8.4M | $948,564 | $59,785 | $7,852 | $549 | $501 | $32,417 | $142,810 | $1.9M |
| Income before taxes | −$5.3M | −$35.0M | −$42.4M | −$58.3M | −$30.1M | −$4.9M | −$2.5M | −$2.1M | $8.3M | −$13.2M |
| Income taxes | $7.8M | $18.0M | $5 | $35.3M | $94,976 | $549 | $501 | $19,084 | −$10.9M | $2.0M |
| Net income | −$13.1M | −$35.0M | −$42.4M | −$58.3M | −$30.1M | −$4.9M | −$2.5M | −$2.1M | $8.3M | −$13.2M |
| EBITDA | −$4.5M | −$25.6M | −$39.2M | −$54.3M | −$28.6M | −$4.8M | −$2.4M | −$2.0M | −$635,952 | −$10.8M |
| EPS (diluted) | −$0.52 | −$20.49 | −$4.14 | −$1.11 | −$0.40 | −$0.97 | −$0.17 | −$0.24 | −$2.08 | −$0.29 |
| Gross margin | 51.8% | 47.0% | 39.8% | 43.0% | 43.6% | 44.6% | 31.9% | 42.8% | −2.6% | −8.1% |
| Operating margin | −69.8% | −94.3% | −284.9% | −336.6% | −310.3% | −383.6% | −850.1% | −1,911.3% | −200.7% | −452.5% |
| Net margin | −101.9% | −261.6% | −308.7% | −305.1% | −308.5% | −383.8% | −850.5% | −1,929.0% | 622.6% | −535.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7M | $1.4M | $3.0M | $2.0M | $4.2M | $3.6M | $2.8M | $3.3M | $3.4M | $3.9M | $2.9M | $3.5M |
| Cost of revenue | $1.3M | $816,278 | $1.6M | $1.2M | $1.9M | $1.5M | $1.7M | $1.7M | $1.8M | $2.0M | $1.7M | $2.3M |
| Gross profit | $1.4M | $584,929 | $1.4M | $758,977 | $2.3M | $2.1M | $1.1M | $1.6M | $1.6M | $1.9M | $1.2M | $1.2M |
| Research & development | $2.0M | $1.8M | $1.1M | $1.0M | $810,990 | $736,411 | $2.0M | $969,402 | $1.1M | $1.1M | $1.2M | $1.4M |
| Sales, general & admin | $5.0M | $3.9M | $3.1M | $2.9M | $3.6M | $2.4M | $3.0M | $2.5M | $3.0M | $2.7M | $4.3M | $4.2M |
| Total operating expenses | $7.0M | $5.7M | $4.1M | $3.9M | $4.4M | $3.1M | $7.0M | $3.5M | $4.1M | $4.2M | $6.9M | $7.2M |
| Operating income | −$5.6M | −$5.1M | −$2.7M | −$3.2M | −$2.1M | −$1.0M | −$5.8M | −$1.9M | −$2.5M | −$2.4M | −$4.0M | −$6.0M |
| Interest income | — | $152,514 | — | — | — | — | — | — | — | — | — | — |
| Interest expense | $82,425 | $152,514 | $125,278 | $27,483 | $49,859 | $57,529 | $2.7M | $1.6M | $349,107 | $3.8M | $46,187 | $399,651 |
| Income before taxes | −$15.4M | $1.4M | −$8.4M | −$2.6M | −$1.3M | $7.1M | −$22.3M | −$3.5M | −$2.9M | −$6.3M | −$24.5M | −$8.0M |
| Income taxes | $65,572 | $1.4M | $7.5M | $244,638 | — | $1.1M | $16.5M | $1.5M | $3 | $2 | — | $293,154 |
| Net income | −$15.5M | $39,882 | −$16.0M | −$2.9M | −$1.3M | $7.1M | −$22.3M | −$3.5M | −$2.9M | −$6.3M | −$24.5M | −$8.0M |
| EBITDA | −$15.2M | $1.6M | −$8.6M | −$2.3M | −$903,165 | $7.4M | −$2.6M | −$1.8M | −$2.2M | −$2.2M | — | −$6.6M |
| EPS (diluted) | −$0.18 | — | — | −$0.09 | −$0.32 | −$0.09 | −$3.46 | −$16.03 | −$0.24 | −$0.77 | −$3.49 | −$0.07 |
| Gross margin | 50.6% | 41.7% | 47.0% | 38.5% | 55.7% | 58.5% | 40.6% | 49.7% | 45.8% | 47.6% | 42.4% | 34.8% |
| Operating margin | −208.7% | −363.8% | −90.6% | −160.1% | −49.3% | −27.5% | −207.0% | −56.7% | −74.9% | −61.5% | −135.2% | −171.9% |
| Net margin | −575.3% | 2.8% | −533.6% | −145.2% | −30.5% | 193.5% | −791.9% | −105.3% | −86.4% | −162.2% | −838.8% | −230.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UAVS's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UAVS financial results
In fiscal year 2025 (ended December 31, 2025), AgEagle Aerial Systems reported revenue of $12.8 million, down 4.3% from the year before. It had a net loss of $13.1 million, a net profit margin of −101.9%. Diluted earnings per share came to −$0.52. Over five years revenue grew at an average rate of 58.4% a year.
See the UAVS stock overview for the latest quote and news, or the UAVS chart for price history and technical indicators.
UAVS income statement FAQ
What is AgEagle Aerial Systems's annual revenue?
AgEagle Aerial Systems reported total revenue of $12.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 4.3% from $13.4 million the previous year.
Is AgEagle Aerial Systems profitable?
No. AgEagle Aerial Systems reported a net loss of $13.1 million in fiscal 2025, a net profit margin of −101.9%; its operating margin was −69.8%.
What is AgEagle Aerial Systems's gross margin?
AgEagle Aerial Systems's gross margin was 51.8% in fiscal 2025: for every $100 of revenue, AgEagle Aerial Systems kept $52 after the direct cost of its products and services.
How much does AgEagle Aerial Systems spend on research and development?
AgEagle Aerial Systems spent $3.6 million on research and development in fiscal 2025, 28.2% of revenue.
How fast is AgEagle Aerial Systems growing?
Revenue grew 58.4% a year on average over the last five fiscal years, from $1.3 million to $12.8 million.
What are AgEagle Aerial Systems's earnings per share?
AgEagle Aerial Systems earned $-0.52 per diluted share in fiscal 2025, compared with $-20.49 a year earlier.
When will AgEagle Aerial Systems report its next earnings?
AgEagle Aerial Systems is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does AgEagle Aerial Systems's fiscal year end?
AgEagle Aerial Systems's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.