AIRO Group Holdings, Inc. (AIRO) Financial Statements
$4.75NASDAQ: AIROMarket Cap $149.89M
AIRO Group Holdings, Inc. most recently reported annual revenue of $91.0M, a net loss of $4.0M. Revenue grew at an average annual rate of 65.9% over the last 4 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
AIRO Group Holdings, Inc.: Revenue rose from $12.0M in 2021 to $91.0M in 2025, a change of +658.3% over 4 years; net profit was positive in 0 of 5 reported years; operating margin moved from -21.8% to -31.6%, a shift of -9.8 percentage points; the most recent year shows a net loss of $4.0M.
Income Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Revenue
$12.0M
$17.0M
$43.0M
$87.0M
$91.0M
Operating Expenses
$14.0M
$44.0M
$53.0M
$104.0M
$120.0M
Operating Profit
$-3.0M
$-27.0M
$-10.0M
$-17.0M
$-29.0M
Operating Margin
-21.8%
-158.1%
-23.0%
-20.1%
-31.6%
Other Income
$-18.0M
$-10.0M
$-20.0M
$-12.0M
$32.0M
Interest
$3.0M
$4.0M
$2.0M
$14.0M
$10.0M
Depreciation
$1.0M
$10.0M
$13.0M
$13.0M
$13.0M
Profit Before Tax
$-21.0M
$-37.0M
$-30.0M
$-29.0M
$3.0M
Tax
$-60,000
$30.5M
$-7.6M
$-31.2M
$239.6M
Net Profit
$-21.0M
$-26.0M
$-32.0M
$-39.0M
$-4.0M
EPS
$-0.82
$-1.03
$-1.30
$-1.55
$-0.17
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 11 Quarters (USD millions)
Metric
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$11.0M
$14.0M
$10.0M
$24.0M
$40.0M
$12.0M
$25.0M
$6.0M
$48.0M
$9.0M
$43.0M
Operating Expenses
$13.0M
$14.0M
$12.0M
$54.0M
$24.0M
$15.0M
$44.0M
$18.0M
$42.0M
$26.0M
$41.0M
Operating Profit
$-2.0M
$0
$-3.0M
$-30.0M
$16.0M
$-3.0M
$-20.0M
$-12.0M
$6.0M
$-17.0M
$2.0M
Operating Margin
-21.5%
-3.4%
-27.5%
-128.2%
40.5%
-26.1%
-80.2%
-190.7%
12.4%
-192.8%
5.3%
Interest
$0
$0
$1.0M
$12.0M
$1.0M
$1.0M
$8.0M
$80.0M
$79.0M
$0
$0
Profit Before Tax
$-1.0M
$-1.0M
$-5.0M
$-28.0M
$5.0M
$-2.0M
$8.0M
$-9.0M
$5.0M
$-17.0M
$2.0M
Tax
$-156.7M
$-97.0M
$-8.5M
$-8.5M
$116.2M
$-17.0M
$25.9M
$7.2M
$100.8M
$9.6M
$196.4M
Net Profit
$-4.0M
$-2.0M
$-6.0M
$-30.0M
$-1.0M
$-2.0M
$6.0M
$-8.0M
$0
$-15.0M
$-2.0M
EPS
$-0.14
$-0.08
$-0.23
$-1.21
$-0.03
$-0.08
$0.22
$-0.28
$0.00
$-0.49
$-0.06
Over the 5 years reported for AIRO Group Holdings, Inc., borrowings decreased from $33.0M in 2021 to $6.0M in 2025, cash stood at $74.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 3.42 times.
Balance Sheet — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Total Assets
$10.0M
$733.0M
$738.0M
$701.0M
$774.0M
Current Assets
$6.0M
$6.0M
$19.0M
$43.0M
$106.0M
Cash
$0
$1.0M
$4.0M
$21.0M
$74.0M
Inventory
$4.0M
$2.0M
$3.0M
$9.0M
$12.0M
Receivables
$1.0M
$2.0M
$2.0M
$10.0M
$13.0M
Fixed Assets
$0
$12.0M
$10.0M
$7.0M
$12.0M
Capital Work in Progress
$0
$0
$0
$0
$0
Investments
$0
$0
$0
$0
$0
Other Assets
$0
$599.0M
$603.0M
$558.0M
$572.0M
Total Liabilities
$116.0M
$110.0M
$142.0M
$152.0M
$35.0M
Current Liabilities
$5.0M
$27.0M
$86.0M
$97.0M
$31.0M
Borrowings
$33.0M
$31.0M
$31.0M
$49.0M
$6.0M
Other Liabilities
$83.0M
$80.0M
$111.0M
$103.0M
$29.0M
Equity
$0
$0
$0
$0
$0
Reserves
$-106.0M
$623.0M
$595.0M
$549.0M
$739.0M
For AIRO Group Holdings, Inc., operating cash flow was positive in 2 of 5 reported years; free cash flow in the latest year was negative at $36.0M; free cash flow was positive in 2 of 5 years; financing activities used $33.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Operating Cash Flow
$-1.0M
$-5.0M
$22.0M
$21.0M
$-32.0M
Investing Cash Flow
$0
$1.0M
$-2.0M
$-2.0M
$-6.0M
Financing Cash Flow
$0
$0
$-9.0M
$-17.0M
$-33.0M
Net Cash Flow
$0
$1.0M
$12.0M
$8.0M
$54.0M
Free Cash Flow
$-1.0M
$-5.0M
$21.0M
$21.0M
$-36.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.03
EV / EBITDA
-42.75
FCF Yield
-27.47%
Quick Ratio
2.30
Interest Coverage
-29.44
Return 1Y
-69.09%
Return 3Y
—
Return 5Y
—
AIRO Group Holdings, Inc. (AIRO) financials — frequently asked questions
What is AIRO Group Holdings, Inc.'s annual revenue?
AIRO Group Holdings, Inc. (AIRO) reported annual revenue of $91.0M in its most recent fiscal year.
What is AIRO Group Holdings, Inc.'s net profit?
AIRO Group Holdings, Inc. (AIRO) reported a net loss of $4.0M in its most recent fiscal year.
What is AIRO EV/EBITDA?
AIRO Group Holdings, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -42.75. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.