Unusual Machines, Inc.UMACEarnings & Financial Report
Thinking Machines Lab Inc. is an American artificial intelligence (AI) startup founded by Mira Murati, the former chief technology officer of OpenAI. The company was founded in February 2025, and by July had completed an early-stage funding round led by Andreessen Horowitz, raising $2 billion at a valuation of $12 billion overall from investors such as Nvidia, AMD, Cisco, and Jane Street. The company is based in San Francisco and structured as a public benefit corporation.
Revenue
$1.4M
Gross Profit
$388.4K
Operating Profit
$-1.6M
Net Profit
$-1.6M
Gross Margin
27.5%
Operating Margin
-111.4%
Net Margin
-114.3%
YoY Growth
N/A
EPS
$-0.16
Unusual Machines, Inc. Q2 FY2024 Financial Summary
Unusual Machines, Inc. reported revenue of $1.4M for Q2 FY2024, with a net profit of $-1.6M (-114.3% margin). Cost of goods sold was $1.0M, operating expenses totaled $2.0M.
Key Financial Metrics
| Total Revenue | $1.4M |
|---|---|
| Net Profit | $-1.6M |
| Gross Margin | 27.5% |
| Operating Margin | -111.4% |
| Report Period | Q2 FY2024 |
Unusual Machines, Inc. Annual Revenue by Year
Unusual Machines, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $11.2M |
| 2024 | $5.6M |
Unusual Machines, Inc. Quarterly Revenue & Net Profit History
Unusual Machines, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $4.9M | +144.4% | $-10.6M | -215.7% |
| Q3 FY2025 | $2.1M | +39.4% | $1.6M | 75.1% |
| Q2 FY2025 | $2.1M | +50.5% | $-7.0M | -327.9% |
| Q1 FY2025 | $2.0M | +230.0% | $-3.3M | -159.9% |
| Q4 FY2024 | $2.0M | — | $-27.1M | -1353.2% |
| Q3 FY2024 | $1.5M | — | $-2.1M | -140.0% |
| Q2 FY2024 | $1.4M | — | $-1.6M | -114.3% |
| Q1 FY2024 | $618.9K | — | $-1.1M | -178.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $618915 | $1.4M | $1.5M | $2.0M | $2.0M | $2.1M | $2.1M | $4.9M |
| YoY Growth | N/A | N/A | N/A | N/A | 230.0% | 50.5% | 39.4% | 144.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $24.2M | $25.2M | $24.5M | $16.1M | $17.3M | $52.4M | $113.1M | $182.7M |
| Liabilities | $3.0M | $5.2M | $5.3M | $1.3M | $1.4M | $1.1M | $7.1M | $7.8M |
| Equity | $21.2M | $20.0M | $19.2M | $14.8M | $15.9M | $51.3M | $106.0M | $174.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-1.2M | $-986236 | $-536673 | $-1.3M | $-1.2M | $-2.7M | $-7.5M | $-9.8M |