AIRO Group Holdings, Inc. Common Stock
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Range $13 – $13
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About the company
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.
- CEO
- Captain Joseph D. Burns
- IPO
- 2025
- Employees
- 223
- HQ
- McLean, VA, US
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Similar companies
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- Market Cap
- $255.02M
- P/E
- -9.72
- Fwd P/E
- 81.10
- PEG
- 0.03
- P/S
- 2.39
- P/B
- 0.35
- EV/EBITDA
- -53.48
- Div Yield
- 0.00%
- Gross Margin
- 58.75%
- Op Margin
- -19.56%
- Net Margin
- -23.86%
- ROE
- -3.48%
- ROIC
- -2.85%
Latest fiscal year · YoY change
- Revenue
- $90.91M+4.6%
- Gross Profit
- $54.41M-6.7%
- Op Income
- $-28,765,000
- Net Income
- $-4,104,000+89.4%
- EPS
- $-0.17+89.0%
- OCF Growth
- -251.0%
- FCF Growth
- -271.6%
- 52W High
- $25.90
- 52W Low
- $5.71
- 50D MA
- $7.52
- 200D MA
- $9.00
- Beta
- 1.90
- RSI (14)
- 50
- Avg Volume
- 572.68K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
AIRO reported a strong Q2 with 76% revenue growth, 64% gross margin, and a return to operating profit, while reiterating full-year growth guidance and highlighting new drone certifications and product launches.· August 13, 2026
- Q2 revenue was $43.2 million, up nearly 76% year over year, and ahead of expectations.
- Gross margin improved to 64% from 61% last year, helped by a mix shift back toward drone products.
- Operating income was $1.7 million versus a $19.7 million loss in Q2 2025.
- Drone backlog was about $163 million, with management saying U.S. backlog is not yet included.
- Blue UAS certification for the RQ-35 and progress on the RQ-70, JC250, and JX250 were major strategic milestones.
Q2 2026 revenue was $43.2 million, compared with $24.6 million in Q2 2025, up nearly 76% year over year. Gross profit was $27.7 million and gross margin was 64%, versus $15.0 million and 61% a year ago. Operating income was $1.7 million versus a $19.7 million operating loss in Q2 2025; net loss was $2.0 million versus net income of $5.9 million; EBITDA was $5.1 million versus $18.9 million, and adjusted EBITDA was $6.8 million versus $4.7 million. Cash was $25.9 million at June 30, debt was $6.8 million, and cash was approximately $56 million as of July 31 after collections. Drone backlog was roughly $163 million at June 30, expected mostly to convert within 12 months. Management reiterated full-year revenue growth guidance of 15% to 25%, expects Q3 revenue to decline sequentially from Q2 and Q4 to be stronger, with Q4 modestly above Q2, and maintained full-year adjusted EBITDA guidance in the negative mid to high teens millions. They also said full-year gross margin should be modestly below 2025 and broadly in line with first-half levels, with FX creating a few million dollars of added revenue headwind in the second half.
The CEO framed the quarter as a validation of execution, pointing to on-time drone deliveries, stronger first-half results, and momentum in the Drone segment. He emphasized strategic progress from Blue UAS certification for the RQ-35, the launch of the RQ-70, and continued development of the JC250 and JX250, saying the company remains squarely focused on unmanned systems. His tone was upbeat but measured, stressing diversification, manufacturing scale, disciplined costs, and selective M&A as ways to reduce revenue variability over time.
The CFO focused on the financial beat, citing $43.2 million of revenue, $27.7 million of gross profit, 64% gross margin, $1.7 million of operating income, and $6.8 million of adjusted EBITDA. She said the margin improvement came from a product mix shift toward drones and noted that development costs for the JC250 and JX250 are running roughly a low double-digit percent below internal expectations. On liquidity, she highlighted $25.9 million of cash and $6.8 million of debt at June 30, plus approximately $56 million of cash as of July 31 after receivables were collected, and said the company expects a shift into positive cash flow in 2027 and beyond.
Analysts focused on the composition and conversion of the $163 million drone backlog, and management clarified that it is mostly international RQ-35 backlog and does not yet include U.S. backlog. Management said Blue UAS certification is the key milestone for entering the U.S. market, and that U.S. RFQs and orders could add to backlog as they convert. Questions on the RQ-70 drew comments that early interest has been very strong because it fills a high-end ISR gap, while the training segment drew concern because management acknowledged limited synergies, high costs, and a year-end decision on strategic alternatives.
The bull case from the call is that AIRO is showing real operating leverage: revenue grew sharply, margins improved, and the company moved back to operating profit. Management also pointed to concrete product and market catalysts—Blue UAS certification, strong RQ-70 interest, and a large backlog that could grow further when U.S. orders are added.
The main risks discussed were quarterly revenue variability, FX headwinds of a few million dollars in the second half, and a Q3 revenue decline versus Q2 due to a delivery pulled forward into Q2. Management also acknowledged the training segment is expensive and below expectations, and said some JV activity is slowed by permitting issues in Ukraine, while full-year adjusted EBITDA remains negative.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 55.0%
- Shares Outstanding
- 31.45M
- Float Shares
- 17.30M
of shares held by institutions
88 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 579.92K | ▲ 73.97K |
| Wolverine Trading, LLC | 18.82K | ▲ 18.82K |
| Cwm, LLC | 4.71K | ▲ 4.28K |
| California State Teachers Retirement System | 1.13K | ▲ 635 |
| Sunbelt Securities, Inc. | 11 | ▲ 11 |
Held by 89 ETFs
Biggest fund positions in AIRO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 13, 26 | Pylypiv Mariya | other | 215,231 |
| Aug 14, 26 | Pylypiv Mariya | sell | 17,690 |
| Aug 14, 26 | Pylypiv Mariya | sell | 1,699 |
| Aug 13, 26 | Uczekaj John | other | 215,231 |
| Aug 14, 26 | Uczekaj John | sell | 15,457 |
| Aug 14, 26 | Uczekaj John | sell | 1,430 |
| Jul 6, 26 | Uczekaj John | sell | 154 |
| Jun 16, 26 | Pylypiv Mariya | other | 60,329 |
| Jun 17, 26 | Pylypiv Mariya | sell | 30,028 |
| Jun 4, 26 | Belcher John M. | other | 11,026 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our AIRO coverage
Recent articles, reports, and earnings notes.
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Generate AIRO report →AIRO Group Holdings, Inc. (AIRO) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 13
AIRO Group Q2 Earnings Call Highlights
marketbeat.com · Aug 13
AIRO Reports Second Quarter 2026 Results
gurufocus.com · Aug 13
AIRO Reports Second Quarter 2026 Results
businesswire.com · Aug 13
Jaunt Air Mobility Selects Calogy Solutions to Design Battery System for Next-Generation Dual-Use Hybrid-Electric VTOL Drone
businesswire.com · Aug 3
AIRO Announces Second Quarter 2026 Earnings Call Details and Participation in 15th Annual Needham Virtual Industrial Tech, Robotics & Clean Tech 1x1 Conference
businesswire.com · Jul 30
AIRO Group Holdings, Inc. (AIRO) Upgraded to Buy: Here's What You Should Know
zacks.com · Jul 23
AIRO Group's Consolidated Phoenix Manufacturing Facility Achieves AS9100D Certification
businesswire.com · Jul 22
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