AIRO Group Holdings, Inc. AIRO R2K

Industrials · Aerospace & Defense · United States

https://www.theairogroup.com

AIRO Group Holdings, Inc., a multi-faceted advanced Aerospace and Defense company in the United States, Europe, and internationally. The company operates through four segments: Drones, Avionics, Training, and Electric Air Mobility. Its Drones segment develops, manufactures, and sells drones. The Avionics segment develops, manufactures, and sells avionics for military and general aviation aircraft, drones, and eVTOLs. This segment offers flight displays, connected panels, and GPS/GNSS sensors. The Training segment currently provides military pilot training, which includes adversary air, close air support, ISR, aircraft leasing, pilot training, ground liaison services, and JTAC, as well as full joint theatre ISR and simulated ground strike training and consulting services. Its Electric Air Mobility segment develops a rotorcraft eVTOL for cargo applications through our Jaunt brand. The company was incorporated in 2021 and is headquartered in McLean, Virginia.

Market & Price

Market Cap

$282.38M

Current Price

$8.98

High / Low (52W)

$31.00 / $5.85

Beta

Valuation

Stock P/E

Industry PE

28.38

Forward P/E

PEG Ratio

Book Value

$22.98

Price to Book

0.39

P/S

3.21

EV/EBITDA

-7.54

Dividend Yield

Profitability & Returns

ROCE

1.71%

ROE

-2.76%

ROA

-3.68%

Profit Margin

-19.98%

Op Margin

EPS (Latest Qtr)

$-0.49

EPS (TTM)

$-0.58

Balance Sheet & Liquidity

Debt/Equity

0.60

Quick Ratio

1.94

Current Ratio

2.94

Debt

$4.36M

Total Assets

$774.14M

Current Assets

$106.48M

Working Capital

$75.61M

Ownership

Promoter Holding

31.22%

Chg in Prom Hold

-0.01%

FII / Inst Holding

30.73%

Chg in FII Hold

0.07%

Financial Snapshot

Enterprise Value

$232.51M

Total Revenue (TTM)

$88.01M

EBITDA

$-30.84M

Free Cash Flow

$-27.99M

Operating Cash Flow

$-40.08M

Shares Outstanding

31.45M

Gross Margin

56.64%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

74.59%

Profit 5Y

27.98%

Revenue (YoY)

-24.50%

Earnings (YoY)

PROS

Compounding revenue at 74.6% over 5 years.
Profit CAGR of 28.0% over 5 years.

CONS

Trading 71.0% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	AIRO AIRO Group Holdings, Inc. R2K	8.98	-	$282.38M	-	1.71%	-2.76%	74.59%	27.98%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	9.78M	-	-	11.79M	24.55M	6.28M	48.28M	8.90M
Cost of Revenue	-	-	-	4.86M	9.52M	3.49M	18.62M	6.54M
Gross Profit	5.78M	-	-	6.93M	15.03M	2.79M	29.66M	2.37M
Operating Expenses	-	-	-	10.01M	34.72M	14.77M	23.67M	19.52M
Operating Income	-2.69M	-	-	-3.08M	-19.69M	-11.98M	5.98M	-17.16M
EBITDA	-	-	-	141.00K	18.93M	-8.88M	50.76M	-13.74M
Interest Expense	-	-	-	-	8.01M	-	-	-
Pretax Income	-	-	-	-1.69M	7.93M	-8.58M	5.27M	-17.10M
Tax Provision	-	-	-	287.00K	2.06M	-613.15K	5.31M	-1.65M
Net Income	-5.60M	-	-	-1.97M	5.87M	-7.96M	-39.66K	-15.45M
Diluted EPS	-0.34	-	-	-0.08	0.30	-0.28	-0.00	-0.49
R&D Expense	3.16M	3.26M	-	3.67M	4.10M	4.12M	-	6.70M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	17.08M	43.25M	86.94M	90.91M
Cost of Revenue	-	12.95M	18.34M	28.62M	36.49M
Gross Profit	-	4.13M	24.91M	58.32M	54.41M
Operating Expenses	-	31.13M	34.85M	37.76M	83.18M
Operating Income	-	-27.00M	-9.93M	20.56M	-28.77M
EBITDA	-	-23.10M	-14.78M	-12.73M	25.33M
Interest Expense	-	3.62M	2.14M	3.76M	9.80M
Pretax Income	-	-36.76M	-30.16M	-29.48M	2.94M
Tax Provision	-	-11.21M	2.29M	9.21M	7.04M
Net Income	-	-25.55M	-32.46M	-38.69M	-4.10M
Diluted EPS	-	-1.03	-1.30	-1.55	-0.17
R&D Expense	-	-	-	13.13M	17.92M

Compounded Sales Growth

5 Years:	74.59%
1 Year:	-24.50%

Compounded Profit Growth

5 Years:	27.98%
1 Year:	-

Stock Price Performance

1 Year:	-62.58%
6 Months:	+14.54%
3 Months:	-8.37%
1 Month:	+19.73%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	733.34M	737.52M	701.00M	774.14M
Current Assets	-	5.88M	19.16M	42.59M	106.48M
Cash & Equivalents	-	605.15K	4.12M	20.74M	74.36M
Inventory	-	2.16M	2.86M	8.82M	11.64M
Receivables	-	1.65M	1.38M	8.96M	12.38M
Total Liabilities	-	110.35M	142.07M	152.27M	34.95M
Current Liabilities	-	27.43M	85.51M	96.61M	30.86M
Long Term Debt	-	19.60M	500.00K	688.00K	500.00K
Total Debt	-	30.73M	30.97M	48.96M	6.23M
Total Equity	-	623.00M	595.46M	548.73M	739.19M
Shares Outstanding	-	24.89M	24.89M	24.89M	32.59M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-5.33M	22.11M	21.48M	-32.43M
Investing Cash Flow	-	923.65K	-835.92K	-789.00K	-3.07M
Financing Cash Flow	-	4.75M	-9.29M	-10.58M	86.41M
Capital Expenditure	-	-78.81K	-835.92K	-789.00K	-3.07M
Free Cash Flow	-	-5.41M	21.27M	20.70M	-35.51M
Net Change in Cash	-	348.46K	11.98M	10.11M	50.91M
Share Buybacks	-	-	-	-	19.41M

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	24.2%	57.6%	67.1%	59.9%
Operating Margin %	-	-158.1%	-23.0%	23.7%	-31.6%
Net Margin %	-	-149.6%	-75.0%	-44.5%	-4.5%
ROE %	-	-4.1%	-5.5%	-7.1%	-0.6%
ROCE %	-	-3.8%	-1.5%	3.4%	-3.9%

Shareholding Pattern

Insiders

31.22%

Institutions

30.73%

Public Float

44.69%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Woodline Partners LP	8.76%	2.75M	$24.72M
2	Blackrock Inc.	3.59%	1.13M	$10.13M
3	HighTower Advisors, LLC	3.11%	978.11K	$8.78M
4	Vanguard Capital Management LLC	2.54%	798.50K	$7.17M
5	Geode Capital Management, LLC	1.26%	397.19K	$3.57M
6	State Street Corporation	1.00%	314.76K	$2.83M
7	Vident Advisory, LLC	0.77%	243.60K	$2.19M
8	Invesco Ltd.	0.75%	237.27K	$2.13M
9	Bank of America Corporation	0.72%	225.83K	$2.03M
10	Goldman Sachs Group Inc	0.53%	167.44K	$1.50M

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AIRO · Industrials