AIRO Group Holdings, Inc. AIRO
are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense
opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide
leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across
our segments and are powered by an international footprint as well as supplier and public sector relationships. Supported by complementary
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Europe
- United States
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| Europe | $78.0M | $75.3M |
| United States | $9.3M | $10.1M |
| Other | $3.6M | $1.6M |
As the company reported it, from the “Schedule of Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Drones
- Avionics
- Training
| Segment | FY2025 | FY2024 |
|---|---|---|
| Drones | $79.1M | $74.7M |
| Avionics | $6.9M | $8.7M |
| Training | $4.9M | $3.6M |
As the company reported it, from the “Schedule of Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $90.9M | $86.9M | — |
| Cost of revenue | $36.5M | $28.6M | — |
| Gross profit | $54.4M | $58.3M | — |
| R&D | $17.9M | $13.1M | — |
| SG&A | $58.6M | $18.2M | — |
| Total operating expenses | $83.2M | $75.8M | — |
| Operating income | -$28.8M | -$17.4M | — |
| Pre-tax income | $2.9M | -$29.5M | — |
| Income tax | $7.0M | $9.2M | — |
| Net income | -$4.1M | -$38.7M | — |
| EPS, basic | -0.17 | -2.36 | — |
| EPS, diluted | -0.17 | -2.36 | — |
| Shares, diluted (wtd. avg.) | 23,678 | 16,387 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $74.6M | $20.9M | $13.1M |
| Inventory | $11.6M | $8.8M | — |
| Total current assets | $106.5M | $42.6M | — |
| Property, plant and equipment | $9.0M | $6.8M | — |
| Goodwill | $571.7M | $557.5M | $602.6M |
| Other intangibles | $83.5M | $93.5M | — |
| Total assets | $774.1M | $701.0M | — |
| Short-term debt | $1.2M | $28.0M | — |
| Total current liabilities | $30.9M | $96.6M | — |
| Long-term debt | $500.0K | $688.0K | — |
| Total liabilities | $34.9M | $152.3M | — |
| Retained earnings | -$210.6M | -$206.5M | — |
| Total equity | $739.2M | $548.7M | $595.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$32.4M | $21.5M | — |
| Depreciation and amortisation | $1.5M | $1.4M | — |
| Stock-based compensation | $19.9M | $716.0K | — |
| Capital expenditure | $3.1M | $789.0K | — |
| Investing cash flow | -$3.1M | -$789.0K | — |
| Financing cash flow | $86.4M | -$10.6M | — |
| Buybacks | $19.4M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014116.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $86.9M | $90.9M |
| Gross profit | — | $58.3M | $54.4M |
| Net income | — | -$38.7M | -$4.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3721
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|---|---|---|---|---|
| BA | BOEING CO | $148.87B | 75.9x | 34.5% |
| AVAV | AeroVironment Inc | $6.24B | — | 140.9% |
| JOBY | Joby Aviation, Inc. | $4.71B | — | 39,183.1% |
| BETA | BETA Technologies, Inc. | $4.59B | — | 136.0% |
| ACHR | Archer Aviation Inc. | $3.01B | — | — |
| EVEX | Eve Holding, Inc. | $571.5M | — | — |
| HOVR | New Horizon Aircraft Ltd. | $85.5M | — | — |
| UAVS | AgEagle Aerial Systems Inc. | $38.1M | — | -4.3% |