Guerrilla RF, Inc. reported record financial results for the third quarter ended September 30, 2026, filing an 8-K with the SEC on November 2, 2026. The company announced quarterly revenue of $10.1 million, a 61% increase year over year and a 26% increase sequentially, marking the highest quarterly revenue in its history.
Key financial metrics for the quarter included a gross profit of $7.2 million and a gross margin of 71.7%, an expansion of approximately 416 basis points compared to the prior year. Operating income rose to $2.4 million, resulting in an operating margin of 24.1%. The company reported a net loss of $3.7 million, or $(0.35) per share, which included a non-cash charge of $6.0 million related to the change in fair value of warrant liabilities. Adjusted EBITDA increased to $2.9 million, or 28.5% of revenue.
Guerrilla RF’s product backlog grew to a record $16.2 million at quarter-end, up 19% from the previous quarter. The company’s Aerospace and Defense segment was a primary driver of growth, with revenue increasing 259% year over year to $4.1 million, representing 40% of total revenue. Other segments included Catalog revenue of $2.5 million and Infrastructure revenue of $1.4 million. Automotive revenue decreased 9% to $2.1 million.
As of September 30, 2026, the company held $6.3 million in cash. The company continues to pursue an uplisting to the Nasdaq Stock Market, subject to applicable listing requirements and market conditions.
