AIRO Group Holdings, Inc.
Business
AIRO Group Holdings is an integrated aerospace platform serving military and commercial markets through four segments: Drones (unmanned systems for NATO and U.S. military via Sky-Watch brand); Avionics (flight displays, panels, and sensors for general aviation and military aircraft under Aspen Avionics); Training (military pilot training and simulation services via CDI brand); and Electric Air Mobility (developing electric rotorcraft for cargo and government missions through Jaunt). The company addresses defense modernization, general aviation upgrades, commercial drone services, and emerging eVTOL markets.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Revenue | 91 | 87 | |
| Cost of revenue | 36 | 29 | |
| Gross profit | 54 | 58 | |
| Research and development | 18 | 13 | |
| Sales and marketing | 7 | 6 | |
| General and administrative | 59 | 18 | |
| Goodwill impairment | — | 38 | |
| Total operating expenses | 83 | 76 | |
| Loss from operations | −29 | −17 | |
| Interest expense, net | −10 | −4 | |
| Gain (loss) on extinguishment of debt | 16 | −10 | |
| Other income, net | 26 | 2 | |
| Total other income (expense) | 32 | −12 | |
| Income (loss) before income tax expense | 3 | −29 | |
| Income tax expense | −7 | −9 | |
| Net loss | −4 | −39 | |
| Net loss per share - basic | −0.17 | −2.36 | |
| Net loss per share - diluted | −0.17 | −2.36 | |
| Weighted-average number of common shares used in computing net loss per share, basic | 23,678 | 16,387 | |
| Weighted-average number of common shares used in computing net loss per share, diluted | 23,678 | 16,387 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|
| Cash | 74 | 21 | — | 900,000 | |
| Restricted cash | 193,000 | 170,000 | — | — | |
| Inventory | 12 | 9 | — | — | |
| Prepaid expenses and other current assets | 8 | 2 | — | — | |
| Deferred offering costs | — | 800,000 | — | — | |
| Total current assets | 106 | 43 | — | — | |
| Property and equipment, net | 9 | 7 | — | — | |
| Right-of-use operating lease assets | 3 | 352,000 | — | — | |
| Goodwill | 572 | 558 | 603 | — | |
| Intangible assets, net | 83 | 94 | — | — | |
| Other assets | 259,000 | 208,000 | — | — | |
| Total assets | 774 | 701 | — | — | |
| Accrued expenses | 8 | 16 | — | — | |
| Operating lease liabilities, current | 902,000 | 213,000 | — | — | |
| Deferred revenue | 4 | 10 | — | — | |
| Related party borrowings | 1 | 6 | — | — | |
| Revolving lines of credit | — | 127,000 | — | — | |
| Current maturities of debt | 1 | 28 | — | — | |
| Investor notes at fair value | — | 14 | — | — | |
| Due to seller | — | 3 | — | — | |
| Total current liabilities | 31 | 97 | — | — | |
| Long-term debt, net of current maturities | 500,000 | 688,000 | — | — | |
| Deferred compensation | — | 11 | — | — | |
| Deferred tax liability | 1 | 767,000 | — | — | |
| Long-term deferred revenue | 8,000 | 10,000 | — | — | |
| Operating lease liabilities, noncurrent | 2 | 146,000 | — | — | |
| Other long-term liabilities | 50,000 | 50,000 | — | — | |
| Contingent consideration | — | 43 | — | — | |
| Total liabilities | 35 | 152 | — | — | |
| Commitments and contingencies (Note 12) | — | — | — | — | |
| Common stock, $0.000001 par value; 1,000,000 shares authorized; 32,594 issued and 31,376 outstanding as of December 31, 2025 and 16,387 shares issued and outstanding as of December 31, 2024 | — | — | — | — | |
| Additional paid-in capital | 963 | 765 | — | — | |
| Treasury shares, 1,218 and 0 shares as of December 31, 2025 and 2024, respectively | −21 | — | — | — | |
| Accumulated other comprehensive income (loss) | 8 | −10 | — | — | |
| Accumulated deficit | −211 | −206 | — | — | |
| Total stockholders equity | 739 | 549 | 595 | — | |
| Total liabilities and stockholders equity | 774 | 701 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Stock-based compensation | 20 | 716,000 | |
| Non-cash gain on IPO transactions | −5 | — | |
| Note issuance for legal settlement | 750,000 | — | |
| Provision for credit losses | 18,000 | −42,000 | |
| Non-cash interest | 1 | 1 | |
| Non-cash charge for Libertas warrants | 1 | — | |
| Non-cash investor note interest | 7 | — | |
| Change in investor notes at fair value | 186,000 | 353,000 | |
| Non-cash (gain) loss on debt extinguishment | −16 | 11 | |
| Depreciation and amortization | 12 | 13 | |
| Amortization of right-of-use lease assets | 581,000 | 352,000 | |
| Change in fair value of contingent consideration | −20 | −2 | |
| Change in fair value of warranty liability | −2 | — | |
| Change in deferred taxes | 279,000 | −654,000 | |
| Accounts receivable | −2 | −8 | |
| Related party receivables | 398,000 | −346,000 | |
| Prepaid expenses and other assets | −4 | −2 | |
| Inventory | −2 | −6 | |
| Accounts payable, accrued expenses and other long-term liabilities | −19 | 13 | |
| Related party payables | 7 | 1 | |
| Lease liabilities | −552,000 | −359,000 | |
| Deferred revenue | −7 | −76,000 | |
| Deferred compensation | −638,000 | 2 | |
| Net cash (used in) provided by operating activities | −32 | 21 | |
| Purchase of property and equipment and investment in intangible assets | −3 | −789,000 | |
| Net cash used in investing activities | −3 | −789,000 | |
| Proceeds from sale of common stock, net | 141 | — | |
| Repurchase of common stock | −19 | — | |
| Change in lines of credit | −127,000 | −621,000 | |
| Proceeds from borrowings | 9 | 7 | |
| Repayments on borrowings | −25 | −2 | |
| Proceeds from related party borrowings | 231,000 | 1 | |
| Repayments on related party borrowings | −5 | −50,000 | |
| Debt issuance costs paid | −170,000 | −475,000 | |
| Proceeds from the exercise of warrants | 3,000 | — | |
| Taxes paid related to net share settlements of common stock | −1 | — | |
| Payment of contingent consideration | −9 | — | |
| Cash paid to seller | −3 | −16 | |
| Net cash provided by (used in) financing activities | 86 | −11 | |
| Effect of exchange rate changes | 3 | −2 | |
| Net increase in cash and restricted cash | 54 | 8 | |
| Deferred compensation settled in common stock | 5 | — | |
| Reclass between accrued expenses and notes payable | 622,000 | — | |
| Reclass between accrued expenses and contingent consideration | 5 | — | |
| Financing of insurance premiums | 1 | 268,000 | |
| Purchases of property and equipment included in accounts payable | 305,000 | — | |
| Return of property and cancellation of corresponding accounts payable | — | 3 | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 3 | 381,000 | |
| Initial recognition of warrant liability | 3 | — | |
| Reclass of warrants to equity | 1 | — | |
| Debt settled in common stock | 9 | — | |
| Contingent consideration settled in common stock | 14 | — | |
| Issuance of Underwriter Warrants | 2 | — | |
| Conversion of accounts payable to debt | — | 357,000 | |
| Extinguishment of the carrying value of principal and interest | — | 1 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AIRO Group Holdings, Inc.'s CIK number?
AIRO Group Holdings, Inc.'s SEC CIK number is 0001927958 (1927958). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AIRO Group Holdings, Inc.'s SEC filings?
All of AIRO Group Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AIRO Group Holdings, Inc. last report earnings?
AIRO Group Holdings, Inc. (AIRO) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-022859). This is AIRO Group Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AIRO Group Holdings, Inc.'s most recent earnings 8-K?
AIRO Group Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001493152-26-022859. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AIRO Group Holdings, Inc.'s latest earnings 8-K →
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