Financial PerformanceUMAC reported 2Q25 results with revenue of $2.1M, +51% y/y, above our estimate and consensus.
Government SupportDomestic drones are receiving significant backing due to recent U.S. government actions, reshaping the industry.
Strategic PositioningUMAC's role as an emerging scale domestic component supplier to U.S. drone companies gives it broad visibility into the industry.