Parrot (PARRO) Q3 2025 TU earnings summary

Executive summary

• Transition to next-generation micro-UAVs is progressing, with ANAFI UKR at the core of the defense offering.

• Signed a major multi-year contract with a new NATO country; several significant tenders are at advanced stages.

• Demand for secure, autonomous micro-UAVs is expected to grow strongly, driven by new European defense policies.

Financial highlights

• Q3 2025 consolidated revenues were €17.0m, down from €21.0m in Q3 2024.

• Nine-month 2025 revenues totaled €50.6m, stable at constant exchange rates compared to €51.6m in 2024.

• Professional micro-UAV business generated €9.9m in Q3 2025, representing 58% of group revenues.

• Photogrammetry (Pix4D) revenues were €7.1m in Q3 2025, 42% of group revenues.

Outlook and guidance

• Anticipates strong growth in demand for secure, autonomous micro-UAVs due to evolving defense and security needs.

• Positioned to benefit from the relaunch of European defense programs and expects a new phase of growth in 2026.

• Photogrammetry segment to accelerate mobile solution adoption via SaaS and new technologies.

• Focused on achieving profitability and limiting cash consumption.