AIRO Group Holdings, Inc. (AIRO) Form 10-Q — May 14, 2026
AIRO Group Holdings reported a net loss of $15.5 million for the first quarter of 2026, a 683% increase from the $2.0 million loss in the same period last year. Revenue declined 24.5% year-over-year to $8.9 million, driven primarily by lower order volume in the Drones segment and a facility relocation in the Avionics segment. Gross margin collapsed to 26.6% from 58.8% in the prior year, reflecting an atypical sales mix with fewer high-margin new drone system sales and higher costs. The company ended the quarter with $54.4 million in cash and $62.5 million in working capital, which management believes is sufficient to fund operations for the next 12 months.
Key figures
- Revenue
- 8901000
- Cash Position
- 54416000
- Shares Outstanding
- 31445644
- Gross Margin Percent
- 26.6
Price after filing
Close on the filing date to close N calendar days later (from $6.62). Historical, not a forecast.
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