AIRO GROUP HLDGS INC (AIRO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AIRO SEC filings page.
AIRO GROUP HLDGS INC (AIRO) reported $106.6M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
AIRO’s dominant mechanic is equity-funded expansion: revenue barely advanced while overhead rose and operating cash conversion reversed.
From FY2024 to FY2025, sales growth of4.6% coincided with gross-margin compression, so additional sales did not preserve unit economics. Operating margin worsened while operating cash flow flipped from positive to negative, indicating the cost buildout reached cash rather than remaining an accounting effect.
The liquidity ratio rose from 0.4x to 3.4x, but operating cash flow turned negative; liquidity improved alongside a weaker operating engine. The financing inflow of
Asset concentration was pronounced: goodwill represented
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of AIRO GROUP HLDGS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
AIRO GROUP HLDGS INC has an operating margin of -31.6%, meaning the company loses $32 on every $100 of revenue. This results in a profitability score of 29/100. This is down from -20.1% the prior year.
AIRO GROUP HLDGS INC's revenue grew a modest 4.6% year-over-year to $90.9M. This slow but positive growth earns a score of 48/100.
AIRO GROUP HLDGS INC carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.45, AIRO GROUP HLDGS INC holds $3.45 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
AIRO GROUP HLDGS INC's operations used $32.4M of cash, and capex of $3.1M added to the outflow, for a free cash flow shortfall of $35.5M. This results in a cash flow score of 9/100.
AIRO GROUP HLDGS INC posts a -0.6% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 44/100. This is up from -7.0% the prior year.
AIRO GROUP HLDGS INC scores 3.57, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($223.4M) relative to total liabilities ($34.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
AIRO GROUP HLDGS INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
AIRO GROUP HLDGS INC reported a net loss of $4.1M while operations used $32.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
AIRO GROUP HLDGS INC reported an operating loss of $28.8M against $3.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
AIRO GROUP HLDGS INC generated $43.2M in revenue in Q2 2026. This represents an increase of 75.9% from the same quarter a year earlier. Against the prior quarter it is up 385.1%.
AIRO GROUP HLDGS INC's EBITDA was $4.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 125.0% from the same quarter a year earlier. Against the prior quarter it is up 129.4%.
AIRO GROUP HLDGS INC reported -$2.0M in net income in Q2 2026. This represents a decrease of 134.0% from the same quarter a year earlier. Against the prior quarter it is up 87.1%.
AIRO GROUP HLDGS INC earned -$0.06 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 87.8%.
Cash & Balance Sheet
AIRO GROUP HLDGS INC recorded an outflow of $33.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 55.4% from the same quarter a year earlier. Against the prior quarter it is down 73.3%.
AIRO GROUP HLDGS INC held $26.0M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
AIRO GROUP HLDGS INC's gross margin was 64.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 37.5 percentage points.
AIRO GROUP HLDGS INC's operating margin was 3.8% in Q2 2026, reflecting core business profitability. This is up 84.0 percentage points from the same quarter a year earlier.
AIRO GROUP HLDGS INC's net profit margin was -4.6% in Q2 2026, showing the share of revenue converted to profit. This is down 28.5 percentage points from the same quarter a year earlier.
AIRO GROUP HLDGS INC's ROE was -0.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
Capital Allocation
AIRO GROUP HLDGS INC invested $7.6M in research and development in Q2 2026. This represents an increase of 84.7% from the same quarter a year earlier. Against the prior quarter it is up 13.0%.
AIRO GROUP HLDGS INC invested $2.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 237.3% from the same quarter a year earlier. Against the prior quarter it is up 17.5%.
Not reported for Q2 2026.
AIRO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.2M+75.9% | $8.9M-24.5% | $48.3M | $6.3M-73.5% | $24.6M+151.0% | $11.8M | N/A | $23.7M |
| Cost of Revenue | $15.5M+62.8% | $6.5M+34.4% | $18.6M | $3.5M-52.8% | $9.5M+137.6% | $4.9M | N/A | $7.4M |
| Gross Profit | $27.7M+84.2% | $2.4M-65.9% | $29.7M | $2.8M-82.9% | $15.0M+160.3% | $6.9M | N/A | $16.3M |
| R&D Expenses | $7.6M+84.7% | $6.7M+82.9% | $6.0M | $4.1M+26.6% | $4.1M+29.7% | $3.7M | N/A | $3.3M |
| SG&A Expenses | $16.1M-44.2% | $10.8M+120.6% | $15.8M | $9.0M+135.6% | $28.9M+640.6% | $4.9M | N/A | $3.8M |
| Operating Income | $1.7M+108.4% | -$17.2M-456.9% | $6.0M | -$12.0M+60.5% | -$19.7M-631.0% | -$3.1M | N/A | -$30.4M |
| EBITDA | $4.3M+125.0% | -$14.6M-4867.6% | N/A | N/A | -$17.1M | -$293K | N/A | -$27.2M |
| Interest Expense | N/A | N/A | N/A | N/A | $3.9M | N/A | N/A | N/A |
| Income Tax | $4.1M+97.5% | -$1.6M-673.2% | $5.3M | -$613K-125.7% | $2.1M+368.6% | $287K | N/A | $2.4M |
| Net Income | -$2.0M-134.0% | -$15.5M-683.2% | -$40K | -$8.0M+73.7% | $5.9M+204.8% | -$2.0M | N/A | -$30.3M |
| EPS (Basic) | -$0.06-118.8% | -$0.49-308.3% | $0.02+150.0% | -$0.28+84.9% | $0.32+194.1% | -$0.12 | -$0.04 | -$1.85 |
| EPS (Diluted) | -$0.06 | -$0.49 | $0.02 | -$0.28 | $0.30+188.2% | -$0.12 | -$0.04 | -$1.85 |
| Diluted Shares (Avg) | 31M | 31M | N/A | 28M | 19M+18.8% | 16M | N/A | 16M |
AIRO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $757.0M+1.2% | $759.1M | $774.1M+10.4% | $774.6M | $747.8M | N/A | $701.0M | N/A |
| Current Assets | $94.5M+19.4% | $94.6M | $106.5M+150.0% | $106.6M | $79.2M | N/A | $42.6M | N/A |
| Cash & Equivalents | $26.0M-35.9% | $54.4M+296.9% | $74.6M+256.5% | $83.7M+837.0% | $40.5M+671.5% | $13.7M | $20.9M | $8.9M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $14.5M+36.8% | $22.5M | $11.6M+31.9% | $16.2M | $10.6M | N/A | $8.8M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $568.2M-0.7% | $569.3M+1.3% | $571.7M+2.5% | $571.6M+1.0% | $572.0M-4.6% | $562.0M | $557.5M | $565.7M |
| Total Liabilities | $36.9M-46.0% | $36.7M | $34.9M-77.0% | $35.0M | $68.3M | N/A | $152.3M | N/A |
| Current Liabilities | $33.0M-50.4% | $32.1M | $30.9M-68.1% | $32.1M | $66.5M | N/A | $96.6M | N/A |
| Non-Current Liabilities | $3.9M+121.8% | $4.6M | $4.1M-92.7% | $3.0M | $1.8M | N/A | $55.7M | N/A |
| Long-Term Debt | N/A | $500K | $500K-27.3% | $675K | $848K | N/A | $688K | N/A |
| Total Equity | $720.1M+6.0% | $722.4M+30.7% | $739.2M+34.7% | $739.5M+32.0% | $679.6M+16.1% | $552.5M | $548.7M | $560.2M |
| Retained Earnings | -$228.0M-12.6% | -$226.0M | -$210.6M-2.0% | -$210.5M | -$202.6M | N/A | -$206.5M | N/A |
Not reported in any period shown, so not listed: Accounts Receivable.
AIRO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$31.3M-49.1% | -$17.4M-78.4% | $4.1M-82.9% | -$5.8M-207.3% | -$21.0M | -$9.8M | $23.9M | $5.4M |
| Depreciation & Amortization | $2.6M+0.5% | $2.6M-6.6% | $3.0M-6.0% | N/A | $2.6M | $2.8M | $3.2M | $3.1M |
| Stock-Based Compensation | N/A | $1.5M+1101.6% | N/A | N/A | $6.8M | $125K | N/A | N/A |
| Capital Expenditures | $2.4M+237.3% | $2.1M+500.9% | $1.1M+348.5% | $940K+870.6% | $722K | $345K | $238K | $97K |
| Free Cash Flow | -$33.8M-55.4% | -$19.5M-92.9% | $3.0M-87.3% | -$6.7M-227.1% | -$21.7M | -$10.1M | $23.7M | $5.3M |
| Investing Cash Flow | -$2.4M-237.3% | -$2.1M-500.9% | -$1.1M-348.5% | -$940K-870.6% | -$722K | -$345K | -$238K | -$97K |
| Financing Cash Flow | $4.7M-90.2% | -$640K-134.8% | -$11.0M-19.9% | $47.8M+2367.5% | $47.8M | $1.8M | -$9.2M | -$2.1M |
| Share Buybacks | N/A | N/A | -$598K | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
AIRO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.1%+2.9pp | 26.6%-32.2pp | 61.4% | 44.4%-24.3pp | 61.2%+2.2pp | 58.8% | N/A | 68.7% |
| Operating Margin | 3.8%+84.0pp | -192.8% | 12.4% | -190.7% | -80.2%-52.7pp | -26.1% | N/A | -128.2% |
| Net Margin | -4.6%-28.5pp | -173.6% | -0.1% | -126.7% | 23.9%+81.2pp | -16.7% | N/A | -128.1% |
| Return on Equity | -0.3%-1.1pp | -2.1%-1.8pp | 0.0% | -1.1%+4.3pp | 0.9%+1.8pp | -0.4% | N/A | -5.4% |
| Return on Assets | -0.3%-1.1pp | -2.0% | 0.0% | -1.0% | 0.8% | N/A | N/A | N/A |
| Current Ratio | 2.87+1.7x | 2.94 | 3.45+3.0x | 3.32 | 1.19 | N/A | 0.44 | N/A |
| Debt-to-Equity | 0.05+0.1x | 0.00 | 0.000.0x | 0.00 | 0.00 | N/A | 0.00 | N/A |
| Asset Turnover | 0.060.0x | 0.01 | 0.06 | 0.01 | 0.03 | N/A | N/A | N/A |
| FCF Margin | -78.2%+10.3pp | -218.8% | 6.3% | -106.7% | -88.5% | -85.6% | N/A | 22.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| AIRO GROUP HLDGS INC AIRO | FY2025 | $90.9M | -$4.1M | -4.5% | $223.4M | 50/100 |
| Sturm Ruger RGR | FY2025 | $546.1M | -$4.4M | -0.8% | $606.9M | 55/100 |
| Tat Techn TATT | FY2025 | $178.0M | $16.8M | 9.4% | $481.3M | 66/100 |
| Byrna Technologies Inc BYRN | FY2025 | $118.1M | $9.7M | 8.2% | $78.4M | 48/100 |
Where AIRO GROUP HLDGS INC Ranks
Frequently Asked Questions
What is AIRO GROUP HLDGS INC's annual revenue?
AIRO GROUP HLDGS INC (AIRO) reported $90.9M in total revenue for fiscal year 2025. This represents a 4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is AIRO GROUP HLDGS INC's revenue growing?
AIRO GROUP HLDGS INC (AIRO) revenue grew by 4.6% year-over-year, from $86.9M to $90.9M in fiscal year 2025.
Is AIRO GROUP HLDGS INC profitable?
No, AIRO GROUP HLDGS INC (AIRO) reported a net income of -$4.1M in fiscal year 2025, with a net profit margin of -4.5%.
What is AIRO GROUP HLDGS INC's EBITDA?
AIRO GROUP HLDGS INC (AIRO) had EBITDA of -$16.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does AIRO GROUP HLDGS INC have?
As of fiscal year 2025, AIRO GROUP HLDGS INC (AIRO) had $74.6M in cash and equivalents against $500K in long-term debt.
What is AIRO GROUP HLDGS INC's gross margin?
AIRO GROUP HLDGS INC (AIRO) had a gross margin of 59.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is AIRO GROUP HLDGS INC's operating margin?
AIRO GROUP HLDGS INC (AIRO) had an operating margin of -31.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is AIRO GROUP HLDGS INC's net profit margin?
AIRO GROUP HLDGS INC (AIRO) had a net profit margin of -4.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is AIRO GROUP HLDGS INC's return on equity (ROE)?
AIRO GROUP HLDGS INC (AIRO) has a return on equity of -0.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is AIRO GROUP HLDGS INC's free cash flow?
AIRO GROUP HLDGS INC (AIRO) recorded an outflow of $35.5M in free cash flow during fiscal year 2025. This represents a -271.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is AIRO GROUP HLDGS INC's operating cash flow?
AIRO GROUP HLDGS INC (AIRO) recorded an outflow of $32.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are AIRO GROUP HLDGS INC's total assets?
AIRO GROUP HLDGS INC (AIRO) had $774.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are AIRO GROUP HLDGS INC's capital expenditures?
AIRO GROUP HLDGS INC (AIRO) invested $3.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does AIRO GROUP HLDGS INC spend on research and development?
AIRO GROUP HLDGS INC (AIRO) invested $17.9M in research and development during fiscal year 2025.
What is AIRO GROUP HLDGS INC's current ratio?
AIRO GROUP HLDGS INC (AIRO) had a current ratio of 3.45 as of fiscal year 2025, which is generally considered healthy.
What is AIRO GROUP HLDGS INC's debt-to-equity ratio?
AIRO GROUP HLDGS INC (AIRO) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AIRO GROUP HLDGS INC's return on assets (ROA)?
AIRO GROUP HLDGS INC (AIRO) had a return on assets of -0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is AIRO GROUP HLDGS INC's P/E ratio?
AIRO GROUP HLDGS INC (AIRO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $223.4M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AIRO GROUP HLDGS INC's price-to-sales ratio?
AIRO GROUP HLDGS INC (AIRO) trades at 2.1x sales, its market capitalization divided by revenue of $106.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $223.4M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does AIRO GROUP HLDGS INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, AIRO GROUP HLDGS INC (AIRO) held $74.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $32.4M over that year. Dividing the one by the other, the reported balance equals about 28 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is AIRO GROUP HLDGS INC's Altman Z-Score?
AIRO GROUP HLDGS INC (AIRO) has an Altman Z-Score of 3.57, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is AIRO GROUP HLDGS INC's Piotroski F-Score?
AIRO GROUP HLDGS INC (AIRO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AIRO GROUP HLDGS INC's earnings high quality?
AIRO GROUP HLDGS INC (AIRO) reported a net loss of $4.1M while operations used $32.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can AIRO GROUP HLDGS INC cover its interest payments?
AIRO GROUP HLDGS INC (AIRO) reported an operating loss of $28.8M against $3.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is AIRO GROUP HLDGS INC?
AIRO GROUP HLDGS INC (AIRO) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.