11 Best Performing IPOs in the Last 2 Years

6. Unusual Machines, Inc. (NYSE:UMAC)

Date of the IPO: February 14, 2024

% growth since IPO: 266.22%

Unusual Machines, Inc. (NYSE:UMAC) ranks among our list of 11 best performing IPOs in the last 2 years. The company entered into $300 million capital sales agreement and completed the acquisition of Rotor Lab amid record growth in revenue and a loss in EPS.

The company’s second-quarter earnings report, released on August 14, 2025, recorded a revenue of $2.12 million, marking a 51% increase year-over-year. However, its EPS was still at a loss of -$0.32, falling behind the forecasted -$0.15. But following the quarter, the company has taken strategic steps to improve its performance.

Primarily, on August 28, 2025, Unusual Machines, Inc. (NYSE:UMAC) entered into a Capital on Demand™ Sales Agreement that allows the company to issue $300 million of its common stock over time, thus raising its financial stability. Later, on September 3, 2025, it successfully acquired Rotor Lab Pty Ltd, an Australian company specializing in electric motors for unmanned aerial systems. The acquisition, valued at $7 million, is anticipated to optimize the company’s product portfolio with high-performance motors for commercial and defense applications.

The IPO for the company was on February 14, 2024, and it has experienced a massive growth of 266.22% since then.

Founded in 2019, Unusual Machines, Inc. (NYSE:UMAC) is a technology company specializing in the commercial drone industry. The Florida-based company designs, manufactures, and sells advanced drone components, including its well-known FPV (first-person view) goggles, as well as complete drones for both consumer and enterprise markets.