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Side-by-side financial comparison of Solid Power, Inc. (SLDP) and Unusual Machines, Inc. (UMAC). Click either name above to swap in a different company.

Unusual Machines, Inc. is the larger business by last-quarter revenue ($4.9M vs $3.6M, roughly 1.3× Solid Power, Inc.). On growth, Unusual Machines, Inc. posted the faster year-over-year revenue change (144.4% vs -18.6%). Over the past eight quarters, Unusual Machines, Inc.'s revenue compounded faster (181.3% CAGR vs -21.9%).

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.

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.

SLDP vs UMAC — Head-to-Head

Bigger by revenue
UMAC
UMAC
1.3× larger
UMAC
$4.9M
$3.6M
SLDP
Growing faster (revenue YoY)
UMAC
UMAC
+163.0% gap
UMAC
144.4%
-18.6%
SLDP
Faster 2-yr revenue CAGR
UMAC
UMAC
Annualised
UMAC
181.3%
-21.9%
SLDP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLDP
SLDP
UMAC
UMAC
Revenue
$3.6M
$4.9M
Net Profit
$-10.6M
Gross Margin
36.2%
Operating Margin
-730.1%
-198.7%
Net Margin
-215.7%
Revenue YoY
-18.6%
144.4%
Net Profit YoY
61.0%
EPS (diluted)
$-0.15
$-0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SLDP
SLDP
UMAC
UMAC
Q4 25
$3.6M
$4.9M
Q3 25
$3.7M
$2.1M
Q2 25
$6.5M
$2.1M
Q1 25
$6.0M
$2.0M
Q4 24
$4.5M
$2.0M
Q3 24
$4.7M
$1.5M
Q2 24
$5.1M
$1.4M
Q1 24
$6.0M
$618.9K
Net Profit
SLDP
SLDP
UMAC
UMAC
Q4 25
$-10.6M
Q3 25
$-25.9M
$1.6M
Q2 25
$-25.3M
$-7.0M
Q1 25
$-15.2M
$-3.3M
Q4 24
$-27.1M
Q3 24
$-22.4M
$-2.1M
Q2 24
$-22.3M
$-1.6M
Q1 24
$-21.2M
$-1.1M
Gross Margin
SLDP
SLDP
UMAC
UMAC
Q4 25
36.2%
Q3 25
39.4%
Q2 25
37.4%
Q1 25
24.3%
Q4 24
27.7%
Q3 24
26.1%
Q2 24
27.5%
Q1 24
33.0%
Operating Margin
SLDP
SLDP
UMAC
UMAC
Q4 25
-730.1%
-198.7%
Q3 25
-654.4%
-232.4%
Q2 25
-398.9%
-338.5%
Q1 25
-399.4%
-160.0%
Q4 24
-561.1%
-642.3%
Q3 24
-593.2%
-95.4%
Q2 24
-530.8%
-111.4%
Q1 24
-433.1%
-175.5%
Net Margin
SLDP
SLDP
UMAC
UMAC
Q4 25
-215.7%
Q3 25
-693.1%
75.1%
Q2 25
-390.7%
-327.9%
Q1 25
-251.8%
-159.9%
Q4 24
-1353.2%
Q3 24
-482.0%
-140.0%
Q2 24
-438.9%
-114.3%
Q1 24
-356.2%
-178.7%
EPS (diluted)
SLDP
SLDP
UMAC
UMAC
Q4 25
$-0.15
$-0.26
Q3 25
$-0.14
$0.05
Q2 25
$-0.14
$-0.32
Q1 25
$-0.08
$-0.21
Q4 24
$-0.16
$-3.20
Q3 24
$-0.13
$-0.30
Q2 24
$-0.13
$-0.16
Q1 24
$-0.12
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SLDP
SLDP
UMAC
UMAC
Cash + ST InvestmentsLiquidity on hand
$250.8M
$142.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$415.7M
$174.9M
Total Assets
$455.1M
$182.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLDP
SLDP
UMAC
UMAC
Q4 25
$250.8M
$142.5M
Q3 25
$251.2M
$81.1M
Q2 25
$230.9M
$38.9M
Q1 25
$240.9M
$5.0M
Q4 24
$118.2M
$3.8M
Q3 24
$132.0M
$1.7M
Q2 24
$140.5M
$2.2M
Q1 24
$146.6M
$3.2M
Stockholders' Equity
SLDP
SLDP
UMAC
UMAC
Q4 25
$415.7M
$174.9M
Q3 25
$381.2M
$106.0M
Q2 25
$370.6M
$51.3M
Q1 25
$397.1M
$15.9M
Q4 24
$410.3M
$14.8M
Q3 24
$439.4M
$19.2M
Q2 24
$456.8M
$20.0M
Q1 24
$479.4M
$21.2M
Total Assets
SLDP
SLDP
UMAC
UMAC
Q4 25
$455.1M
$182.7M
Q3 25
$416.1M
$113.1M
Q2 25
$398.0M
$52.4M
Q1 25
$419.4M
$17.3M
Q4 24
$448.3M
$16.1M
Q3 24
$470.9M
$24.5M
Q2 24
$492.6M
$25.2M
Q1 24
$516.2M
$24.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SLDP
SLDP
UMAC
UMAC
Operating Cash FlowLast quarter
$-18.4M
$-9.8M
Free Cash FlowOCF − Capex
$-23.0M
FCF MarginFCF / Revenue
-633.0%
Capex IntensityCapex / Revenue
126.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLDP
SLDP
UMAC
UMAC
Q4 25
$-18.4M
$-9.8M
Q3 25
$-14.3M
$-7.5M
Q2 25
$-14.4M
$-2.7M
Q1 25
$-26.3M
$-1.2M
Q4 24
$-13.9M
$-1.3M
Q3 24
$-9.9M
$-536.7K
Q2 24
$-11.1M
$-986.2K
Q1 24
$-29.1M
$-1.2M
Free Cash Flow
SLDP
SLDP
UMAC
UMAC
Q4 25
$-23.0M
Q3 25
$-14.8M
$-8.8M
Q2 25
$-17.1M
Q1 25
$-28.6M
Q4 24
$-18.6M
Q3 24
$-12.6M
Q2 24
$-15.5M
Q1 24
$-33.1M
FCF Margin
SLDP
SLDP
UMAC
UMAC
Q4 25
-633.0%
Q3 25
-397.6%
-413.2%
Q2 25
-264.2%
Q1 25
-476.1%
Q4 24
-416.5%
Q3 24
-271.5%
Q2 24
-305.8%
Q1 24
-556.3%
Capex Intensity
SLDP
SLDP
UMAC
UMAC
Q4 25
126.5%
Q3 25
15.3%
60.3%
Q2 25
41.5%
Q1 25
39.1%
Q4 24
105.5%
Q3 24
59.7%
0.0%
Q2 24
86.8%
Q1 24
68.1%
Cash Conversion
SLDP
SLDP
UMAC
UMAC
Q4 25
Q3 25
-4.70×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SLDP
SLDP

Segment breakdown not available.

UMAC
UMAC

Retail Revenue$4.5M92%
Other$412.7K8%

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