AgEagle Aerial Systems Inc. UAVS
AgEagle™ Aerial Systems Inc. ("AgEagle" or the "Company", "EagleNXT","we", "our" or "us"), through its wholly owned subsidiaries, is actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, the Company is earning distinction as a globally respected market leader offering customer-centric, advanced, autonomous uncrewed aerial systems ("UAS") which drive revenue at the intersection of flight hardware, sensors and software for industries that include military/defense, public safety, surveying/mapping, agriculture, and utilities/engineering, among others. AgEagle has also achieved numerous regulatory firsts, including earning governmental approvals for its commercial and tactical drones to fly Beyond Visual Line of Sight ("BVLOS") and/or Operations Over People ("OOP") in the United States, Canada, Brazil and the European Union and being awarded Blue UAS certification from the Defense Innovation Unit of the U.S. Department of War.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.8M | $13.4M | $13.7M | $19.1M | $9.8M | $1.3M | $296.7K | $107.8K | $116.0K | — |
| Cost of revenue | $6.2M | $7.1M | $8.3M | $10.9M | $5.5M | $711.6K | $202.0K | $61.7K | $93.4K | — |
| Gross profit | $6.6M | $6.3M | $5.5M | $8.2M | $4.3M | $573.7K | $94.6K | $46.1K | $22.7K | — |
| R&D | $3.6M | $4.0M | $5.5M | $8.1M | $4.1M | $29.4K | $38.9K | $0 | — | — |
| SG&A | $8.9M | $9.6M | $13.6M | $17.8M | $15.0M | $2.7M | $1.9M | $1.3M | $247.8K | $458.4K |
| Total operating expenses | $21.4M | $18.9M | $44.6M | $72.5M | $34.5M | $5.5M | $2.6M | $2.1M | $689.5K | $13.6M |
| Operating income | -$14.7M | -$12.6M | -$39.2M | -$64.3M | -$30.3M | -$4.9M | -$2.5M | -$2.1M | -$666.9K | -$11.1M |
| Interest expense | $9.6K | $8.4M | $948.6K | $59.8K | $7.9K | $549 | $501 | $32.4K | $142.8K | $1.9M |
| Pre-tax income | -$5.3M | -$35.0M | -$42.4M | -$58.3M | -$30.1M | -$4.9M | -$2.5M | -$2.1M | -$797.2K | -$13.2M |
| Income tax | $0 | $0 | — | $0 | $0 | — | $0 | $0 | $0 | $0 |
| Net income | -$5.3M | -$35.0M | -$42.4M | -$58.3M | -$30.1M | -$4.9M | -$2.5M | -$2.1M | -$797.2K | -$13.2M |
| EPS, basic | -0.52 | -46.24 | -514.90 | -14.56 | — | — | — | — | 0.11 | -1.92 |
| EPS, diluted | — | -46.24 | -514.90 | -14.56 | — | -0.35 | -0.18 | -0.25 | -0.19 | -1.92 |
| Shares, diluted (wtd. avg.) | $25.1M | $1.1M | $105.6K | $4.2M | — | — | — | — | $10.5M | $8.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $3.6M | $819.0K | $4.3M | $14.6M | $23.9M | $718.0K | $2.6M | $35.3K | $15.9K |
| Short-term investments | — | — | — | — | — | — | — | — | — | $211.0K |
| Receivables | $3.4M | $1.4M | $2.1M | $2.2M | $2.9M | — | $65.8K | $93 | $255 | $600.3K |
| Inventory | $5.7M | $5.5M | $6.9M | $6.7M | $4.0M | $135.6K | $221.2K | $149.5K | $158.6K | $185.7K |
| Total current assets | $39.5M | $10.9M | $10.5M | $14.5M | $23.0M | $24.8M | $1.1M | $2.8M | $197.6K | $1.7M |
| Property, plant and equipment | $331.8K | $455.6K | $799.9K | $791.2K | $952.1K | $122.6K | $37.8K | $28.4K | $38.7K | — |
| Goodwill | $0 | $4.5M | $7.4M | $23.2M | $64.9M | $3.1M | $3.1M | $3.3M | $0 | — |
| Other intangibles | $56.9K | $2.0M | $2.6M | $11.5M | $13.6M | $440.5K | $520.6K | $677.1K | $0 | — |
| Total assets | $42.2M | $20.6M | $25.2M | $54.2M | $104.7M | $28.7M | $4.8M | $6.8M | $311.3K | $8.0M |
| Accounts payable | $1.6M | $2.8M | $3.1M | $1.8M | $2.5M | $159.8K | $57.4K | $197.8K | $426.2K | $294.2K |
| Short-term debt | $0 | $99.7K | — | — | — | — | — | — | $4.9M | $17.9M |
| Total current liabilities | $5.0M | $7.9M | $11.0M | $5.4M | $17.1M | $2.2M | $521.9K | $300.4K | $2.0M | $19.8M |
| Long-term debt | $209.6K | $274.4K | $489.0K | $446.8K | $808.0K | $17.9K | — | — | — | $0 |
| Total liabilities | $6.5M | $26.3M | $14.5M | $11.0M | $28.1M | $2.4M | $521.9K | $300.4K | $2.0M | $26.5M |
| Retained earnings | -$231.2M | -$218.4M | -$165.6M | -$111.6M | -$51.1M | -$20.9M | -$8.2M | -$5.7M | -$3.6M | -$87.6M |
| Total equity | $35.7M | -$5.7M | $10.7M | $43.2M | $76.6M | $26.4M | $4.3M | $6.5M | -$1.7M | -$896.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.0M | -$6.6M | -$11.0M | -$19.8M | -$12.5M | -$2.3M | -$1.8M | -$1.8M | -$328.9K | -$2.1M |
| Depreciation and amortisation | $243.6K | $345.0K | $257.1K | $445.9K | $184.7K | $0 | $15.0K | $18.0K | $18.5K | $414.0K |
| Stock-based compensation | $417.7K | $80.6K | $1.3M | $3.4M | $4.5M | $402.0K | $260.3K | $110.6K | $22.2K | — |
| Capital expenditure | $74.7K | $49.5K | $215.4K | $313.8K | $525.3K | $106.1K | $24.4K | $0 | $12.8K | — |
| Investing cash flow | -$74.7K | -$94.1K | -$777.0K | -$8.4M | -$42.5M | -$779.0K | -$24.4K | -$1.6M | -$87.8K | -$308.8K |
| Financing cash flow | $36.2M | $9.5M | $8.6M | $17.5M | $45.6M | $26.3M | -$41.0K | $5.9M | $436.1K | -$566.2K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-010682.
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