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AIRO Group Holdings, Inc. Common Stock(AIRO)Earnings, Financials & Key Ratios
AIRO•NASDAQ
Price updated Jun 19, 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$91M+4.6%
- EBITDA-$16M-264.2%
- Net Income-$4M+89.4%
- EPS (Diluted)-0.17+89.0%
- Gross Margin59.86%-10.8%
- EBITDA Margin-17.79%-248.3%
- Operating Margin-31.64%-57.8%
- Net Margin-4.51%+89.9%
- ROE-0.64%+90.6%
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
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 4.9% through buybacks
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗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.
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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 Years74.59%
TTM15.35%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-107.02%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-69.63%
Return on Capital
10 Years-14.66%
5 Years-14.66%
3 Years-2.84%
Last Year-4.27%
AIRO Recent Earnings
AIRO Group Holdings, Inc. Common Stock (AIRO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/10 qtrs (25%)●Beat Revenue 2/10 qtrs (50%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.49-71.0%
$0.29
Rev
$9M-51.7%
$18M
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$0.00-101.0%
$0.13
Rev
$48M-7.6%
$52M
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.28-380.0%
$0.10
Rev
$6.3B+11933.9%
$52M
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.22+161.6%
$0.35
Rev
$25M+76.5%
$14M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.49vs $0.29-71.0% | $9Mvs $18M-51.7% |
| Q2 2026 | 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% |
Based on last 10 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 | 10.17B | 54.21 | 417 | 18.52% | 2.08% | 1.26% | 0.09 | |
 AVAV | 8.47B | 169.61 | 109.43 | 14.5% | -13.93% | -6.41% | 0.07 | |
 RCAT | 1.23B | 11.44 | -19.07 | 459.81% | -189.21% | -34.19% | 0.07 | |
 JOBY | 9.83B | 10.00 | -8.85 | 391.83% | -12.33% | -74.18% | 0.04 | |
 ACHR | 4.23B | 5.57 | -5.63 | -390.79% | -38.99% | 0.02 | ||
 UAVS | 41.04M | 0.94 | -1.81 | -4.34% | -190.06% | -66.25% | 0.06 | |
 SWBI | 715.46M | 16.08 | 39.22 | 10.36% | 3.53% | 5.04% | ||
 AXON | 34.11B | 423.40 | 280.40 | 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
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 11.78M | 17.08M | 43.25M | 86.94M | 90.91M | 88.01M |
Revenue Growth % | - | 44.97% | 153.23% | 100.99% | 4.57% | 15.35% |
Cost of Goods Sold | 8.3M | 12.95M | 18.34M | 28.62M | 36.49M | 35.49M |
COGS % of Revenue | 70.48% | 75.83% | 42.4% | 32.92% | 40.14% | - |
Gross Profit | 3.48M▲ 0% | 4.13M▲ 18.7% | 24.91M▲ 503.6% | 58.32M▲ 134.1% | 54.41M▼ 6.7% | 52.53M▲ 0% |
Gross Margin % | 29.52% | 24.16% | 57.6% | 67.08% | 59.86% | 59.68% |
Gross Profit Growth % | - | 18.68% | 503.59% | 134.07% | -6.69% | - |
Operating Expenses | 6.05M | 31.13M | 34.85M | 75.75M | 83.18M | 95.37M |
OpEx % of Revenue | 51.36% | 182.23% | 80.56% | 87.13% | 91.5% | - |
Selling, General & Admin | 4.9M | 21.83M | 22.98M | 24.62M | 65.26M | 71.73M |
SG&A % of Revenue | 41.6% | 127.79% | 53.12% | 28.32% | 71.79% | - |
Research & Development | 1.15M | 9.3M | 11.87M | 13.13M | 17.92M | 16.01B |
R&D % of Revenue | 9.76% | 54.44% | 27.44% | 15.11% | 19.71% | - |
Other Operating Expenses | 0 | 0 | 0 | 37.99M | 0 | -2M |
Operating Income | -2.57M▲ 0% | -27M▼ 949.2% | -9.93M▲ 63.2% | -17.43M▼ 75.5% | -28.77M▼ 65.0% | -42.84M▲ 0% |
Operating Margin % | -21.84% | -158.06% | -22.96% | -20.05% | -31.64% | -48.68% |
Operating Income Growth % | - | -949.24% | 63.21% | -75.53% | -65% | - |
EBITDA | -1.52M | -16.95M | 3.32M | -4.44M | -16.18M | 2.29M |
EBITDA Margin % | -12.91% | -99.24% | 7.66% | -5.11% | -17.79% | 2.61% |
EBITDA Growth % | - | -1014.61% | 119.56% | -233.97% | -264.17% | -90.18% |
D&A (Non-Cash Add-back) | 1.05M | 10.05M | 13.25M | 12.99M | 12.59M | 9.51M |
EBIT | -17.13M | -33.15M | -28.03M | -15.26M | 12.74M | -7.21M |
Net Interest Income | -3.39M | -3.62M | -2.14M | -14.23M | -9.8M | -8.34M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 376K |
Interest Expense | 3.39M | 3.62M | 2.14M | 14.23M | 9.8M | 8.72M |
Other Income/Expense | -17.94M | -9.76M | -20.23M | -12.05M | 31.7M | 30.37M |
Pretax Income | -20.52M▲ 0% | -36.76M▼ 79.2% | -30.16M▲ 18.0% | -29.49M▲ 2.2% | 2.94M▲ 110.0% | -12.47M▲ 0% |
Pretax Margin % | -174.12% | -215.23% | -69.73% | -33.92% | 3.23% | -14.17% |
Income Tax | 12.85K | -11.21M | 2.29M | 9.21M | 7.04M | 5.11M |
Effective Tax Rate % | -0.06% | 30.5% | -7.6% | -31.23% | 239.64% | -40.98% |
Net Income | -20.53M▲ 0% | -25.55M▼ 24.5% | -32.46M▼ 27.0% | -38.69M▼ 19.2% | -4.1M▲ 89.4% | -17.58M▲ 0% |
Net Margin % | -174.23% | -149.59% | -75.04% | -44.51% | -4.51% | -19.98% |
Net Income Growth % | - | -24.47% | -27.02% | -19.22% | 89.39% | -107.02% |
Net Income (Continuing) | -20.53M | -25.55M | -32.46M | -38.69M | -4.1M | -17.58M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.82▲ 0% | -1.03▼ 25.6% | -1.30▼ 26.2% | -1.55▼ 19.2% | -0.17▲ 89.0% | -0.56▲ 0% |
EPS Growth % | - | -25.61% | -26.21% | -19.23% | 89.03% | -69.63% |
EPS (Basic) | -0.82 | -1.03 | -1.30 | -1.55 | -0.17 | - |
Diluted Shares Outstanding | 24.89M | 24.89M | 24.89M | 24.89M | 23.68M | 31.39M |
Basic Shares Outstanding | 24.89M | 24.89M | 24.89M | 24.89M | 23.68M | 31.39M |
Dividend Payout Ratio | - | - | - | - | - | - |
AIRO Balance Sheet
AIRO Group Holdings, Inc. Common Stock (AIRO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 6.29M | 5.88M | 19.16M | 42.59M | 106.48M | 94.61M |
Cash & Short-Term Investments | 13.62K | 605.15K | 4.12M | 20.74M | 74.36M | 54.23M |
Cash Only | 13.62K | 605.15K | 4.12M | 20.74M | 74.36M | 54.23M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 1.35M | 2.15M | 2.24M | 10.4M | 12.38M | 8.1M |
Days Sales Outstanding | 41.95 | 45.89 | 18.89 | 43.68 | 49.73 | 48.28 |
Inventory | 4.05M | 2.16M | 2.86M | 8.82M | 11.64M | 22.51M |
Days Inventory Outstanding | 177.94 | 60.76 | 57 | 112.53 | 116.42 | 156.73 |
Other Current Assets | 730.05K | 560.91K | 9.34M | 1.32M | 8.09M | 9.78M |
Total Non-Current Assets | 3.49M | 727.46M | 718.37M | 658.41M | 667.66M | 664.51M |
Property, Plant & Equipment | 275.91K | 11.8M | 10.46M | 7.19M | 12.26M | 12.95M |
Fixed Asset Turnover | 42.70x | 1.45x | 4.13x | 12.10x | 7.41x | 8.17x |
Goodwill | 0 | 599.44M | 602.6M | 557.51M | 571.65M | 569.28M |
Intangible Assets | 3.16M | 116.05M | 105.05M | 93.5M | 83.49M | 82.06M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 51.7K | 167.56K | 246.79K | 208.33K | 259K | 210K |
Total Assets | 9.78M▲ 0% | 733.34M▲ 7400.5% | 737.52M▲ 0.6% | 701M▼ 5.0% | 774.14M▲ 10.4% | 759.12M▲ 0% |
Asset Turnover | 1.21x | 0.02x | 0.06x | 0.12x | 0.12x | 0.12x |
Asset Growth % | - | 7400.54% | 0.57% | -4.95% | 10.43% | 17.45% |
Total Current Liabilities | 5.28M | 27.43M | 85.51M | 96.61M | 30.86M | 32.13M |
Accounts Payable | 1.75M | 10.52M | 17.23M | 16.44M | 6.6M | 10.66M |
Days Payables Outstanding | 76.81 | 296.57 | 342.9 | 209.67 | 66 | 91.86 |
Short-Term Debt | 1.17M | 10.15M | 30.13M | 47.91M | 2.35M | 1.63M |
Deferred Revenue (Current) | 248.21K | 655.51K | 11.09M | 10.34M | 4.5M | 14.79M |
Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 16.29M |
Current Ratio | 1.19x | 0.21x | 0.22x | 0.44x | 3.45x | 2.94x |
Quick Ratio | 0.42x | 0.14x | 0.19x | 0.35x | 3.07x | 2.24x |
Cash Conversion Cycle | 143.08 | -189.91 | -267.01 | -53.47 | 100.14 | 113.16 |
Total Non-Current Liabilities | 110.74M | 82.92M | 56.56M | 55.66M | 4.08M | 4.59M |
Long-Term Debt | 32.18M | 19.6M | 500K | 688.27K | 500K | 2.22M |
Capital Lease Obligations | 0 | 501.9K | 8.85K | 146.21K | 2.48M | 4.28M |
Deferred Tax Liabilities | 0 | 500.35K | 1.48M | 767.33K | 1.05M | 3.38M |
Other Non-Current Liabilities | 78.53M | 62.3M | 54.56M | 54.05M | 50K | 1.32M |
Total Liabilities | 116.02M | 110.35M | 142.07M | 152.27M | 34.95M | 36.72M |
Total Debt | 33.35M | 30.73M | 30.97M | 48.96M | 6.23M | 3.85M |
Net Debt | 33.34M | 30.13M | 26.85M | 28.22M | -68.13M | -50.38M |
Debt / Equity | - | 0.05x | 0.05x | 0.09x | 0.01x | 0.01x |
Debt / EBITDA | - | - | 9.34x | - | - | 1.68x |
Net Debt / EBITDA | - | - | 8.10x | - | - | -21.97x |
Interest Coverage | -5.05x | -9.17x | -13.11x | -1.07x | 1.30x | -0.83x |
Total Equity | -106.24M▲ 0% | 623M▲ 686.4% | 595.46M▼ 4.4% | 548.73M▼ 7.8% | 739.19M▲ 34.7% | 722.4M▲ 0% |
Equity Growth % | - | 686.38% | -4.42% | -7.85% | 34.71% | 65.46% |
Book Value per Share | -4.27 | 25.03 | 23.93 | 22.05 | 31.22 | 23.01 |
Total Shareholders' Equity | -106.24M | 623M | 595.46M | 548.73M | 739.19M | 722.4M |
Common Stock | 17 | 28 | 28 | 28 | 0 | 0 |
Retained Earnings | -109.75M | -135.3M | -167.76M | -206.45M | -210.56M | -226.01M |
Treasury Stock | -187.27K | 0 | 0 | 0 | -21.22M | 0 |
Accumulated OCI | 0 | -3.86M | -761.16K | -9.51M | 7.95M | 5.1M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
AIRO Cash Flow Statement
AIRO Group Holdings, Inc. Common Stock (AIRO) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | -535.06K | -5.33M | 22.11M | 21.49M | -32.43M | -40.08M |
Operating CF Margin % | -4.54% | -31.18% | 51.11% | 24.71% | -35.68% | - |
Operating CF Growth % | - | -895.45% | 515.04% | -2.81% | -250.95% | -161.37% |
Net Income | -20.53M | -25.55M | -32.46M | -38.69M | -4.1M | -17.58M |
Depreciation & Amortization | 1.05M | 10.05M | 13.25M | 12.99M | 12.59M | 12.79M |
Stock-Based Compensation | 3.99K | 2.85M | 1.82M | 716.09K | 19.91M | 19.91M |
Deferred Taxes | 0 | -11.2M | 974.75K | -653.88K | 279K | 279K |
Other Non-Cash Items | 17.86M | 8.93M | 19.14M | 47.79M | -33.2M | -29.68M |
Working Capital Changes | 1.07M | 9.61M | 19.39M | -662.56K | -27.9M | -25.79M |
Change in Receivables | 251.84K | -25.35K | 225.58K | -8.25M | -1.9M | -5.69M |
Change in Inventory | 230.66K | 2.81M | -663.52K | -6.36M | -1.71M | -9.17M |
Change in Payables | 893.05K | 4.49M | 8.91M | 13.88M | -19.2M | -4.65M |
Cash from Investing | -39.04K | 923.65K | -835.92K | -789.13K | -3.07M | -4.8M |
Capital Expenditures | -39.04K | -78.81K | -835.92K | -789.13K | -3.07M | -4.8M |
CapEx % of Revenue | 0.33% | 0.46% | 1.93% | 0.91% | 3.38% | 5.46% |
Acquisitions | 0 | 873.26K | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - |
Other Investing | 0 | 129.2K | 0 | 0 | 0 | 0 |
Cash from Financing | 505.2K | 4.75M | -9.29M | -10.58M | 86.41M | 83.93M |
Debt Issued (Net) | 530.2K | 4.55M | -77.69K | 6.11M | -21.9M | -24.55M |
Equity Issued (Net) | 0 | 295.65K | 0 | 0 | 121.5M | 121.5M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | -19.41M | -19.41M |
Other Financing | -25K | -90.85K | -9.21M | -16.69M | -13.18M | -13.01M |
Net Change in Cash | -68.89K▲ 0% | 765.03K▲ 1210.5% | 12.27M▲ 1504.3% | 7.81M▼ 36.4% | 53.64M▲ 587.0% | 40.71M▲ 0% |
Free Cash Flow | -574.09K▲ 0% | -5.41M▼ 841.5% | 21.27M▲ 493.5% | 20.7M▼ 2.7% | -35.51M▼ 271.6% | -44.89M▲ 0% |
FCF Margin % | -4.87% | -31.64% | 49.17% | 23.81% | -39.06% | -51% |
FCF Growth % | - | -841.49% | 493.52% | -2.7% | -271.56% | -466.49% |
FCF per Share | -0.02 | -0.22 | 0.85 | 0.83 | -1.50 | -1.43 |
FCF Conversion (FCF/Net Income) | 0.03x | 0.21x | -0.68x | -0.56x | 7.90x | 2.55x |
Interest Paid | 134.94K | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 7.76K | 0 | 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 | 2025 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | -9.89% | -5.33% | -6.76% | -0.64% | -2.44% |
Return on Invested Capital (ROIC) | -6.98% | -1.17% | -2.18% | -3.46% | -4.81% |
Gross Margin | 24.16% | 57.6% | 67.08% | 59.86% | 59.68% |
Net Margin | -149.59% | -75.04% | -44.51% | -4.51% | -19.98% |
Debt / Equity | 0.05x | 0.05x | 0.09x | 0.01x | 0.01x |
Interest Coverage | -9.17x | -13.11x | -1.07x | 1.30x | -0.83x |
FCF Conversion | 0.21x | -0.68x | -0.56x | 7.90x | 2.55x |
Revenue Growth | 44.97% | 153.23% | 100.99% | 4.57% | 15.35% |
Related:AIRO Dividend History·AIRO Revenue History·AIRO Price History·AIRO P/E History·AIRO Financial Ratios·AIRO Institutional Holders
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 $88.0M in revenue for fiscal year 2025. This represents a 647% increase from $11.8M in 2021.
AIRO Group Holdings, Inc. Common Stock (AIRO) grew revenue by 4.6% over the past year. Growth has been modest.
AIRO Group Holdings, Inc. Common Stock (AIRO) reported a net loss of $17.6M for fiscal year 2025.
Dividend & Returns
AIRO Group Holdings, Inc. Common Stock (AIRO) has a return on equity (ROE) of -0.6%. Negative ROE indicates the company is unprofitable.
AIRO Group Holdings, Inc. Common Stock (AIRO) had negative free cash flow of $44.9M in fiscal year 2025, likely due to heavy capital investments.