AIRO Group Holdings, Inc. (AIRO)
AIRO Group, an American aerospace and defense enterprise, maintains its primary operations from Albuquerque, New Mexico. The company's diversified portfolio encompasses four key areas: unmanned aircraft systems (drones), aviation electronics (avionics), flight crew training, and electric vertical takeoff and landing (eVTOL) mobility solutions. Noteworthy among its product line are advanced AI-powered surveillance drones, including the Sky Watch series.
Sector: Aircraft
Industry: Aerospace & Defense
AIRO Group Holdings, Inc. Common Stock
NASDAQ:AIROIndustrials · Aerospace & Defense
PrePre-market+0.00%$5.21
Close$5.210.00%Now$5.21
Close$5.21+9.00%AH$5.21+0.00%vs close
Mkt Cap$164.41M
Float21.72M
O/S31.56M
Inst Own36.6%
SI16.0%
Dilution
Financials Summary
Revenue$90.91M
Net Income-$4.1M
Total Assets$774.14M
Free Cash Flow-$35.51M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$6.23M
Total Equity$739.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AIRO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$774.14M
Liabilities$34.95M
Accounts Receivable$13.39M
Accounts Payable$6.6M
Inventory$11.64M
PP&E (Net)$12.26M
Goodwill$571.65M
Intangible Assets$83.49M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $90.91M | $86.94M | $43.25M | $17.08M | $11.78M |
| YoY Growth | 4.6% | 101.0% | 153.2% | 45.0% | - |
| Cost of Revenue | $36.49M | $28.62M | $18.34M | $12.95M | $8.3M |
| Gross Profit | $54.41M | $58.32M | $24.91M | $4.13M | $3.48M |
| Gross Margin | 59.9% | 67.1% | 57.6% | 24.2% | 29.5% |
| Research and Development | $17.92M | $13.13M | $11.87M | $9.3M | $1.15M |
| Selling, General, and Administrative | $65.26M | $24.62M | $22.98M | $21.83M | $4.9M |
| Other | $0 | $37.99M | $0 | $0 | $0 |
| Total Operating Expenses | $83.18M | $75.75M | $34.85M | $31.13M | $6.05M |
| Operating Income (EBIT) | -$28.77M | -$17.43M | -$9.93M | -$27M | -$2.57M |
| Operating Margin | -31.6% | -20.1% | -23.0% | -158.1% | -21.8% |
| Interest Expense | $9.8M | $14.23M | $2.14M | $3.62M | $3.39M |
| Interest Income | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $31.7M | -$12.05M | -$20.23M | -$9.76M | -$17.94M |
| Income Before Tax (EBT) | $2.94M | -$29.49M | -$30.16M | -$36.76M | -$20.52M |
| Income Tax Expense | $7.04M | $9.21M | $2.29M | -$11.21M | $13K |
| Net Income | -$4.1M | -$38.69M | -$32.46M | -$25.55M | -$20.53M |
| Net Income Margin | -4.5% | -44.5% | -75.0% | -149.6% | -174.2% |
| Supplementary Data | |||||
| EPS | -0.17 | -1.55 | -1.30 | -1.03 | -0.82 |
| Diluted EPS | -0.17 | -1.55 | -1.30 | -1.03 | -0.82 |
| Weighted Average OS | 23.68M | 24.89M | 24.89M | 24.89M | 24.89M |
| EBITDA | $25.33M | -$2.27M | -$14.78M | -$23.1M | -$16.07M |
| EBITDA Margin | 27.9% | -2.6% | -34.2% | -135.2% | -136.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $74.36M | $20.74M | $4.12M | $605K | $14K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $74.36M | $20.74M | $4.12M | $605K | $14K |
| Accounts Receivable | $13.39M | $10.4M | $2.24M | $2.15M | $1.35M |
| Inventory | $11.64M | $8.82M | $2.86M | $2.16M | $4.05M |
| Other Current Assets | $802K | $1.32M | $9.34M | $561K | $730K |
| Total Current Assets | $106.48M | $42.59M | $19.16M | $5.88M | $6.29M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $12.26M | $7.19M | $10.46M | $11.8M | $276K |
| Goodwill | $571.65M | $557.51M | $602.6M | $599.44M | $0 |
| Intangible Assets | $83.49M | $93.5M | $105.05M | $116.05M | $3.16M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $259K | $208K | $247K | $168K | $52K |
| Total Long-Term Assets | $667.66M | $658.41M | $718.37M | $727.46M | $3.49M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $774.14M | $701M | $737.52M | $733.34M | $9.78M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $6.6M | $16.44M | $17.23M | $10.52M | $1.75M |
| Short-Term Debt | $2.35M | $47.91M | $30.13M | $10.15M | $1.17M |
| Current Income Tax Payable | $0 | $9.67M | $1.37M | $0 | $0 |
| Current Unearned Revenue | $4.5M | $10.34M | $11.09M | $656K | $248K |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $30.86M | $96.61M | $85.51M | $27.43M | $5.28M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $500K | $688K | $500K | $19.6M | $32.18M |
| Long-Term Unearned Revenue | $8K | $10K | $15K | $14K | $24K |
| Long-Term Deferred Tax Liabilities | $1.05M | $767K | $1.48M | $500K | $0 |
| Other Long-Term Liabilities | $50K | $54.05M | $54.56M | $62.3M | $78.53M |
| Total Long-Term Liabilities | $4.08M | $55.66M | $56.56M | $82.92M | $110.74M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $34.95M | $152.27M | $142.07M | $110.35M | $116.02M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $28 | $28 | $28 | $17 |
| Retained Earnings | -$210.56M | -$206.45M | -$167.76M | -$135.3M | -$109.75M |
| Comprehensive Income & Other | $7.95M | -$9.51M | -$761K | -$3.86M | $0 |
| Other Stockholders' Equity | $949.75M | $755.18M | $763.21M | $758.3M | $3.51M |
| Total Equity | $739.19M | $548.73M | $595.46M | $623M | -$106.24M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $774.14M | $701M | $737.52M | $733.34M | $9.78M |
| Supplementary Data | |||||
| Total Debt | $6.23M | $48.96M | $30.97M | $30.73M | $33.35M |
| Net Debt | -$68.13M | $28.22M | $26.85M | $30.13M | $33.34M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$4.1M | -$38.69M | -$32.46M | -$25.55M | -$20.53M |
| Depreciation & Amortization | $12.59M | $12.99M | $13.25M | $10.05M | $1.05M |
| Deferred Income Tax | $279K | -$654K | $975K | -$11.2M | $0 |
| Stock-Based Compensation | $19.91M | $716K | $1.82M | $2.85M | $4K |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$1.9M | -$8.25M | $226K | -$25K | $252K |
| Inventory | -$1.71M | -$6.36M | -$664K | $2.81M | $231K |
| Accounts Payable | -$19.2M | $13.88M | $8.91M | $4.49M | $893K |
| Other Working Capital | -$5.09M | $75K | $10.91M | $2.33M | -$303K |
| Total Working Capital Change | -$27.9M | -$663K | $19.39M | $9.61M | $1.07M |
| Other Non-Cash Items | -$33.2M | $47.79M | $19.14M | $8.93M | $17.86M |
| Net Cash from Operating | -$32.43M | $21.49M | $22.11M | -$5.33M | -$535K |
| Investing Activities | |||||
| Capital Expenditures | -$3.07M | -$789K | -$836K | -$79K | -$39K |
| Acquisitions | $0 | $0 | $0 | $873K | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $129K | $0 |
| Net Cash from Investing | -$3.07M | -$789K | -$836K | $924K | -$39K |
| Financing Activities | |||||
| Debt Repaid | $16.86M | -$5.41M | -$388K | -$2.46M | -$798K |
| Common Stock Issuance | $140.91M | $0 | $0 | $296K | $0 |
| Common Stock Repurchases | -$19.41M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$13.18M | -$16.69M | -$9.21M | -$91K | -$25K |
| Net Cash from Financing | $86.41M | -$10.58M | -$9.29M | $4.75M | $505K |
| Forex Effect | $2.73M | -$2.3M | $292K | $417K | $0 |
| Net Change in Cash | $53.64M | $7.81M | $12.27M | $765K | -$69K |
| Supplementary Data | |||||
| Operating Cash Flow | -$32.43M | $21.49M | $22.11M | -$5.33M | -$535K |
| Capital Expenditure | -$3.07M | -$789K | -$836K | -$79K | -$39K |
| Free Cash Flow | -$35.51M | $20.7M | $21.27M | -$5.41M | -$574K |
| Cash at Beginning | $20.91M | $13.1M | $829K | $64K | $133K |
| Cash at End | $74.55M | $20.91M | $13.1M | $829K | $64K |