AmpliTech Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 12, 2026, reporting third-quarter and nine-month financial results along with an updated balance sheet showing total assets of $76,132,104.

Key Highlights

  • Q3 2026 Revenue: The company reported revenues of $6,582,687 for the three months ended September 30, 2026, compared to $6,093,832 in the same period of 2025, according to the filing.
  • Nine-Month Revenue: Revenues for the nine months ended September 30, 2026 were $20,002,512, versus $20,718,858 for the same nine-month period in 2025.
  • Gross Profit Shift: Nine-month gross profit improved to $7,069,842 in 2026 from $5,010,392 in 2025, while Q3 gross profit declined to $2,248,964 from $2,959,643 year over year.
  • Total Assets: Total assets grew to $76,132,104 as of September 30, 2026, up from $51,479,179 as of December 31, 2025, the filing disclosed.
  • Cash Position: Cash and cash equivalents stood at $19,478,374 as of September 30, 2026, compared to $4,981,091 at December 31, 2025.
  • Accumulated Deficit: The accumulated deficit increased to $34,516,643 as of September 30, 2026, from $28,019,282 at December 31, 2025.
  • Shares Outstanding: As of November 10, 2026, the registrant had 30,282,971 shares of common stock, par value $0.001, issued and outstanding.

AmpliTech Group's Financial Position and Operating Results for the September 2026 Quarter

According to the Form 10-Q filed by AmpliTech Group, Inc. (NASDAQ:AMPG) for the quarterly period ended September 30, 2026, the company recorded third-quarter revenues of $6,582,687, an increase from $6,093,832 in Q3 2025. However, cost of goods sold rose to $4,333,723 in Q3 2026 from $3,134,189 in Q3 2025, compressing quarterly gross profit to $2,248,964 compared to $2,959,643 a year earlier. Selling, general and administrative expenses for Q3 2026 were reported at $3,379,701, up from $2,481,580 in the prior-year quarter.

For the nine months ended September 30, 2026, the filing reported revenues of $20,002,512 against $20,718,858 in the comparable 2025 period. Cost of goods sold for the nine-month period fell to $12,932,670 from $15,708,466, resulting in improved nine-month gross profit of $7,069,842 versus $5,010,392. Nine-month selling, general and administrative expenses were $11,138,1 (the figure in the source is truncated at that point in the filing text).

The condensed consolidated balance sheet showed total assets of $76,132,104 at September 30, 2026, rising from $51,479,179 at December 31, 2025. The company disclosed that cash and cash equivalents increased to $19,478,374, while marketable securities of $10,789,959 appeared on the balance sheet versus none at year-end 2025. Total stockholders' equity grew to $65,724,860 from $32,862,561, driven in part by additional paid-in capital rising to $100,211,379 from $60,861,160. The contingent liability decreased to $1,750,000 from $3,000,000. Common shares issued and outstanding as reflected in the balance sheet were 30,123,665 at September 30, 2026, compared to 20,683,095 at December 31, 2025. The filing notes that forward-looking statements in the report are subject to the company's cautionary language and that actual results may differ materially.

What Was Disclosed

AmpliTech Group filed its quarterly report covering the period ended September 30, 2026, disclosing unaudited condensed consolidated financial statements, including balance sheet data, income statement figures for three- and nine-month periods, and share count information as of November 10, 2026.