Guerrilla RF Reports 39% Revenue Growth to $6.3 Million in Q3 2025

Guerrilla RF, Inc. reported a significant increase in revenue for the third quarter of fiscal 2025, achieving $6.3 million, a 39% rise from $4.5 million in the same period last year. The growth was primarily driven by a 130% increase in the automotive category and a 50% increase in the catalog category, which more than compensated for a 62% decline in the wireless infrastructure segment. The company’s gross profit margin improved to 67.5%, up from 65.3% in the prior year, reflecting better revenue leverage and stable overhead costs.

In terms of profitability, Guerrilla RF recorded an operating loss of $198,361 for the third quarter, a notable improvement from a loss of $2.6 million in the same quarter of 2024. This reduction in operating loss was attributed to increased revenues and a 20% decrease in operating expenses, which fell from $5.6 million to $4.4 million. The company implemented cost reduction measures that included cuts in employee expenses and other fixed costs, contributing to a decrease in operating expenses as a percentage of revenue from 123% to 71%.

For the nine months ending September 30, 2025, total revenue reached $16 million, a slight increase of 2% compared to $15.7 million in the same period of 2024. The automotive category saw a 72% increase, while the wireless infrastructure category experienced a 77% decline. The company’s accumulated deficit grew to $58.5 million, and it reported a net loss of $4.7 million for the nine-month period, down from $12.3 million in the previous year. The reduction in losses was aided by a significant decrease in interest expenses, which fell to $745,256 from $3 million, following a major paydown of debt.

Operationally, Guerrilla RF has focused on enhancing its product offerings, releasing 18 new products in the first nine months of 2025, compared to 23 in the same period of 2024. The company’s product backlog increased to $6.6 million, up from $5.4 million year-over-year. The firm continues to rely heavily on major customers, with RFPD and RFMW accounting for 64% and 15% of product shipment revenue in the latest quarter. The company’s international sales also grew significantly, increasing by 148% to $2.8 million, representing 44% of total sales for the quarter.

Looking ahead, Guerrilla RF aims to continue its strategic investments in research and development while managing cash burn. The company has drawn $1.1 million from its Spectrum Loan Facility and maintains a $4.5 million balance under its Salem Loan Facility. Management believes that existing cash reserves, combined with available financing, will support operations and contractual obligations for the next 12 months. However, the company acknowledges ongoing risks, including reliance on key customers and market conditions, which could impact future performance.