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AIRO Group Holdings, Inc. Common Stock(AIRO)Earnings, Financials & Key Ratios
AIRO•NASDAQ
$7.43
$233M mkt cap·Price updated May 6, 2026
AboutAIRO Group is a U.S.-based aerospace and defense company headquartered in Albuquerque, NM. It operates across four segments: drones, avionics, pilot training, and electric air mobility (eVTOL), with products like AI-enabled Sky Watch surveillance drones.Show more
- Revenue$87M+101.0%
- EBITDA-$4M-234.0%
- Net Income-$39M-19.2%
- EPS (Diluted)-1.55-19.2%
- Gross Margin67.08%+16.5%
- EBITDA Margin-5.11%-166.7%
- Operating Margin-20.05%+12.7%
- Net Margin-44.51%+40.7%
- ROE-6.76%-27.0%
- ROIC-2.18%-86.7%
- Debt/Equity0.09+71.6%
- Interest Coverage-1.23+73.6%
AIRO Key Insights
AIRO Group Holdings, Inc. Common Stock (AIRO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FCF machine: 23.8% free cash flow margin
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗Weak momentum: RS Rating 8 (bottom 8%)
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AIRO Price & Volume
AIRO Group Holdings, Inc. Common Stock (AIRO) stock price & volume — 10-year historical chart
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AIRO Growth Metrics
AIRO Group Holdings, Inc. Common Stock (AIRO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years94.68%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-17.26%
5 Years-17.26%
3 Years-3.95%
Last Year-2.78%
AIRO Recent Earnings
AIRO Group Holdings, Inc. Common Stock (AIRO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/9 qtrs (33%)●Beat Revenue 2/9 qtrs (67%)
Q2 2026Latest
Mar 31, 2026EPS
$0.00
Est $0.13
-101.0%
Revenue
$48M
Est $52M
-7.6%
Q4 2025
Nov 14, 2025EPS
$0.28
Est $0.10
-380.0%
Revenue
$6.3B
Est $52M
+11933.9%
Q3 2025
Aug 14, 2025EPS
$0.22
Est $0.35
+161.6%
Revenue
$25M
Est $14M
+76.5%
Q2 2025
Mar 31, 2025EPS
$0.08
Revenue
$12M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 31, 2026 | $0.00vs $0.13-101.0% | $48Mvs $52M-7.6% |
| Q4 2025 | Nov 14, 2025 | $0.28vs $0.10-380.0% | $6.3Bvs $52M+11933.9% |
| Q3 2025 | Aug 14, 2025 | $0.22vs $0.35+161.6% | $25Mvs $14M+76.5% |
| Q2 2025 | Mar 31, 2025 | $0.08 | $12M |
Based on last 9 quarters of dataView full earnings history →
AIRO Peer Comparison
AIRO Group Holdings, Inc. Common Stock (AIRO) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KTOS | 11.53B | 61.52 | 473.23 | 18.52% | 2.08% | 1.26% | 0.09 | |
 AVAV | 8.71B | 174.37 | 112.50 | 14.5% | -13.93% | -6.41% | 0.07 | |
 RCAT | 1.05B | 10.62 | -17.70 | 459.81% | -227.71% | -33.59% | 0.07 | |
 JOBY | 10.34B | 10.52 | -9.31 | 391.83% | -12.33% | -74.18% | 0.04 | |
 ACHR | 4.77B | 6.41 | -6.47 | -2060.67% | -37.76% | 0.02 | ||
 UAVS | 1.28M | 1.12 | -0.02 | -2.54% | -153.64% | -68.52% | ||
 SWBI | 663.41M | 14.91 | 49.70 | -11.42% | 2.47% | 3.28% | 0.31 | |
 AXON | 31.09B | 385.86 | 255.54 | 33.47% | 6.91% | 6.58% | 0.59 |
Compare AIRO vs Peers
AIRO Group Holdings, Inc. Common Stock (AIRO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AIRO Income Statement
AIRO Group Holdings, Inc. Common Stock (AIRO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 11.78M | 17.08M | 43.25M | 86.94M | 101.43M |
| Revenue Growth % | - | 44.97% | 153.23% | 100.99% | - |
| Cost of Goods Sold | 8.3M | 12.95M | 18.34M | 28.62M | 3.52B |
| COGS % of Revenue | 70.48% | 75.83% | 42.4% | 32.92% | - |
| Gross Profit | 3.48M▲ 0% | 4.13M▲ 18.7% | 24.91M▲ 503.6% | 58.32M▲ 134.1% | 2.84B▲ 0% |
| Gross Margin % | 29.52% | 24.16% | 57.6% | 67.08% | 44.61% |
| Gross Profit Growth % | - | 18.68% | 503.59% | 134.07% | - |
| Operating Expenses | 6.05M | 31.13M | 34.85M | 75.75M | 14.82B |
| OpEx % of Revenue | 51.36% | 182.23% | 80.56% | 87.13% | - |
| Selling, General & Admin | 4.9M | 21.83M | 22.98M | 24.62M | 10.69B |
| SG&A % of Revenue | 41.6% | 127.79% | 53.12% | 28.32% | - |
| Research & Development | 1.15M | 9.3M | 11.87M | 13.13M | 4.13B |
| R&D % of Revenue | 9.76% | 54.44% | 27.44% | 15.11% | - |
| Other Operating Expenses | 0 | 0 | 0 | 37.99M | 0 |
| Operating Income | -2.57M▲ 0% | -27M▼ 949.2% | -9.93M▲ 63.2% | -17.43M▼ 75.5% | -11.99B▲ 0% |
| Operating Margin % | -21.84% | -158.06% | -22.96% | -20.05% | -188.47% |
| Operating Income Growth % | - | -949.24% | 63.21% | -75.53% | - |
| EBITDA | -1.52M | -16.95M | 3.32M | -4.44M | -8.84B |
| EBITDA Margin % | -12.91% | -99.24% | 7.66% | -5.11% | -139% |
| EBITDA Growth % | - | -1014.61% | 119.56% | -233.97% | - |
| D&A (Non-Cash Add-back) | 1.05M | 10.05M | 13.25M | 12.99M | 3.11B |
| EBIT | -17.13M | -33.15M | -28.03M | -15.26M | -8.47B |
| Net Interest Income | -3.39M | -3.62M | -2.14M | -14.23M | -89.44M |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.39M | 3.62M | 2.14M | 14.23M | 89.44M |
| Other Income/Expense | -17.94M | -9.76M | -20.23M | -12.05M | 3.42B |
| Pretax Income | -20.52M▲ 0% | -36.76M▼ 79.2% | -30.16M▲ 18.0% | -29.49M▲ 2.2% | -8.56B▲ 0% |
| Pretax Margin % | -174.12% | -215.23% | -69.73% | -33.92% | -8443.34% |
| Income Tax | 12.85K | -11.21M | 2.29M | 9.21M | -605.41M |
| Effective Tax Rate % | -0.06% | 30.5% | -7.6% | -31.23% | 7.07% |
| Net Income | -20.53M▲ 0% | -25.55M▼ 24.5% | -32.46M▼ 27.0% | -38.69M▼ 19.2% | -7.96B▲ 0% |
| Net Margin % | -174.23% | -149.59% | -75.04% | -44.51% | -125.14% |
| Net Income Growth % | - | -24.47% | -27.02% | -19.22% | - |
| Net Income (Continuing) | -20.53M | -25.55M | -32.46M | -38.69M | -7.96B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.82▲ 0% | -1.03▼ 25.6% | -1.30▼ 26.2% | -1.55▼ 19.2% | -281.75▲ 0% |
| EPS Growth % | - | -25.61% | -26.21% | -19.23% | - |
| EPS (Basic) | -0.82 | -1.03 | -1.30 | -1.55 | - |
| Diluted Shares Outstanding | 24.89M | 24.89M | 24.89M | 24.89M | 28.25M |
| Basic Shares Outstanding | 24.89M | 24.89M | 24.89M | 24.89M | 28.25M |
| Dividend Payout Ratio | - | - | - | - | - |
AIRO Balance Sheet
AIRO Group Holdings, Inc. Common Stock (AIRO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 6.29M | 5.88M | 19.16M | 42.59M | 106.6M |
| Cash & Short-Term Investments | 13.62K | 605.15K | 4.12M | 20.74M | 83.68M |
| Cash Only | 13.62K | 605.15K | 4.12M | 20.74M | 83.68M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.35M | 2.15M | 2.24M | 10.4M | 1.64M |
| Days Sales Outstanding | 41.95 | 45.89 | 18.89 | 43.68 | 34.35 |
| Inventory | 4.05M | 2.16M | 2.86M | 8.82M | 16.19M |
| Days Inventory Outstanding | 177.94 | 60.76 | 57 | 112.53 | 1.26 |
| Other Current Assets | 730.05K | 560.91K | 9.34M | 1.32M | 5.09M |
| Total Non-Current Assets | 3.49M | 727.46M | 718.37M | 658.41M | 667.98M |
| Property, Plant & Equipment | 275.91K | 11.8M | 10.46M | 7.19M | 10.09M |
| Fixed Asset Turnover | 42.70x | 1.45x | 4.13x | 12.10x | 12.60x |
| Goodwill | 0 | 599.44M | 602.6M | 557.51M | 571.57M |
| Intangible Assets | 3.16M | 116.05M | 105.05M | 93.5M | 86.06M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 51.7K | 167.56K | 246.79K | 208.33K | 6.31M |
| Total Assets | 9.78M▲ 0% | 733.34M▲ 7400.5% | 737.52M▲ 0.6% | 701M▼ 5.0% | 774.58M▲ 0% |
| Asset Turnover | 1.21x | 0.02x | 0.06x | 0.12x | 0.14x |
| Asset Growth % | - | 7400.54% | 0.57% | -4.95% | -9.04% |
| Total Current Liabilities | 5.28M | 27.43M | 85.51M | 96.61M | 32.07M |
| Accounts Payable | 1.75M | 10.52M | 17.23M | 16.44M | 4.25M |
| Days Payables Outstanding | 76.81 | 296.57 | 342.9 | 209.67 | 1.42 |
| Short-Term Debt | 1.17M | 10.15M | 30.13M | 47.91M | 12.3M |
| Deferred Revenue (Current) | 248.21K | 655.51K | 11.09M | 10.34M | 21.4M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 7.09M |
| Current Ratio | 1.19x | 0.21x | 0.22x | 0.44x | 0.44x |
| Quick Ratio | 0.42x | 0.14x | 0.19x | 0.35x | 0.35x |
| Cash Conversion Cycle | 143.08 | -189.91 | -267.01 | -53.47 | 34.18 |
| Total Non-Current Liabilities | 110.74M | 82.92M | 56.56M | 55.66M | 2.96M |
| Long-Term Debt | 32.18M | 19.6M | 500K | 688.27K | 674.74K |
| Capital Lease Obligations | 0 | 501.9K | 8.85K | 146.21K | 2.08M |
| Deferred Tax Liabilities | 0 | 500.35K | 1.48M | 767.33K | 14.47M |
| Other Non-Current Liabilities | 78.53M | 62.3M | 54.56M | 54.05M | 105.71M |
| Total Liabilities | 116.02M | 110.35M | 142.07M | 152.27M | 35.03M |
| Total Debt | 33.35M | 30.73M | 30.97M | 48.96M | 14.68M |
| Net Debt | 33.34M | 30.13M | 26.85M | 28.22M | -69M |
| Debt / Equity | - | 0.05x | 0.05x | 0.09x | 0.09x |
| Debt / EBITDA | - | - | 9.34x | - | -0.00x |
| Net Debt / EBITDA | - | - | 8.10x | - | 0.01x |
| Interest Coverage | -0.76x | -7.47x | -4.65x | -1.23x | -94.75x |
| Total Equity | -106.24M▲ 0% | 623M▲ 686.4% | 595.46M▼ 4.4% | 548.73M▼ 7.8% | 739.55M▲ 0% |
| Equity Growth % | - | 686.38% | -4.42% | -7.85% | -14.41% |
| Book Value per Share | -4.27 | 25.03 | 23.93 | 22.05 | 26.18 |
| Total Shareholders' Equity | -106.24M | 623M | 595.46M | 548.73M | 739.55M |
| Common Stock | 17 | 28 | 28 | 28 | 31 |
| Retained Earnings | -109.75M | -135.3M | -167.76M | -206.45M | -210.52M |
| Treasury Stock | -187.27K | 0 | 0 | 0 | -20.01M |
| Accumulated OCI | 0 | -3.86M | -761.16K | -9.51M | 7.68M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
AIRO Cash Flow Statement
AIRO Group Holdings, Inc. Common Stock (AIRO) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -535.06K | -5.33M | 22.11M | 21.49M | 21.49M |
| Operating CF Margin % | -4.54% | -31.18% | 51.11% | 24.71% | - |
| Operating CF Growth % | - | -895.45% | 515.04% | -2.81% | 776.28% |
| Net Income | -20.53M | -25.55M | -32.46M | -38.69M | -7.96B |
| Depreciation & Amortization | 1.05M | 10.05M | 13.25M | 12.99M | 12.59M |
| Stock-Based Compensation | 3.99K | 2.85M | 1.82M | 716.09K | 1.22M |
| Deferred Taxes | 0 | -11.2M | 974.75K | -653.88K | -243.46K |
| Other Non-Cash Items | 17.86M | 8.93M | 19.14M | 47.79M | 10.03M |
| Working Capital Changes | 1.07M | 9.61M | 19.39M | -662.56K | -31.36M |
| Change in Receivables | 251.84K | -25.35K | 225.58K | -8.25M | 6.55M |
| Change in Inventory | 230.66K | 2.81M | -663.52K | -6.36M | -8.3M |
| Change in Payables | 893.05K | 4.49M | 8.91M | 13.88M | -10.39M |
| Cash from Investing | -39.04K | 923.65K | -835.92K | -789.13K | -2.25M |
| Capital Expenditures | -39.04K | -78.81K | -835.92K | -789.13K | -2.25M |
| CapEx % of Revenue | 0.33% | 0.46% | 1.93% | 0.91% | - |
| Acquisitions | 0 | 873.26K | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 129.2K | 0 | 0 | 0 |
| Cash from Financing | 505.2K | 4.75M | -9.29M | -10.58M | 88.24M |
| Debt Issued (Net) | 530.2K | 4.55M | -77.69K | 6.11M | -8.22M |
| Equity Issued (Net) | 0 | 295.65K | 0 | 0 | 2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -20.01M |
| Other Financing | -25K | -90.85K | -9.21M | -16.69M | -25.2M |
| Net Change in Cash | -68.89K▲ 0% | 765.03K▲ 1210.5% | 12.27M▲ 1504.3% | 7.81M▼ 36.4% | 74.75M▲ 0% |
| Free Cash Flow | -574.09K▲ 0% | -5.41M▼ 841.5% | 21.27M▲ 493.5% | 20.7M▼ 2.7% | -14.83M▲ 0% |
| FCF Margin % | -4.87% | -31.64% | 49.17% | 23.81% | -0.23% |
| FCF Growth % | - | -841.49% | 493.52% | -2.7% | - |
| FCF per Share | -0.02 | -0.22 | 0.85 | 0.83 | 0.83 |
| FCF Conversion (FCF/Net Income) | 0.03x | 0.21x | -0.68x | -0.56x | 0.00x |
| Interest Paid | 134.94K | 0 | 0 | 0 | 0 |
| Taxes Paid | 7.76K | 0 | 0 | 0 | 0 |
AIRO Key Ratios
AIRO Group Holdings, Inc. Common Stock (AIRO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -9.89% | -5.33% | -6.76% | -1076.18% |
| Return on Invested Capital (ROIC) | -6.98% | -1.17% | -2.18% | -2.18% |
| Gross Margin | 24.16% | 57.6% | 67.08% | 44.61% |
| Net Margin | -149.59% | -75.04% | -44.51% | -125.14% |
| Debt / Equity | 0.05x | 0.05x | 0.09x | 0.09x |
| Interest Coverage | -7.47x | -4.65x | -1.23x | -94.75x |
| FCF Conversion | 0.21x | -0.68x | -0.56x | 0.00x |
| Revenue Growth | 44.97% | 153.23% | 100.99% | - |
AIRO SEC Filings & Documents
AIRO Group Holdings, Inc. Common Stock (AIRO) SEC filings — annual & quarterly reports (10-K, 10-Q)
AIRO Frequently Asked Questions
AIRO Group Holdings, Inc. Common Stock (AIRO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
AIRO Group Holdings, Inc. Common Stock (AIRO) reported $101.4M in revenue for fiscal year 2024. This represents a 761% increase from $11.8M in 2021.
AIRO Group Holdings, Inc. Common Stock (AIRO) grew revenue by 101.0% over the past year. This is strong growth.
AIRO Group Holdings, Inc. Common Stock (AIRO) reported a net loss of $7.96B for fiscal year 2024.
Dividend & Returns
AIRO Group Holdings, Inc. Common Stock (AIRO) has a return on equity (ROE) of -6.8%. Negative ROE indicates the company is unprofitable.
AIRO Group Holdings, Inc. Common Stock (AIRO) had negative free cash flow of $14.8M in fiscal year 2024, likely due to heavy capital investments.
Explore More AIRO
AIRO Group Holdings, Inc. Common Stock (AIRO) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates