AIRO Group Holdings (AIRO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AIRO Group Holdings

NasdaqGM•Industrials•Aerospace & Defense

$7.48+0.29(0.04%)Market open

Market Cap

$232.25M

P/S

2.0x

P/B

0.3x

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.

How this company scores

WeakMetricSide Score: 38/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Profitability (5/25).

Profitability5/25

Growth10/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality7/25

Strengths

Low leverageConsistent growthNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 2.0x5y range 2.0x – 2.7x

P/B · 0.3x5y range 0.0x – 0.7x

Currently near its 5-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 5 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $232.25M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $118.44M
Q. Revenue: $43.18M
TTM EBITDA: $-12.36M
TTM Op. Income: $-24.58M
Q. Op. Income: $1.65M
TTM Net Income: $-27.42M
Q. Net Income: $-1.99M
EPS: $-0.06
Shares Out.: $31.47M

$118.44M in TTM revenue grew from zero YoY, reaching $43.18M last quarter. TTM EBITDA of $-12.36M and TTM operating income of $-24.58M show growth is flowing through to the bottom line. However, net income is negative at $27.42M — growth is not yet reaching the bottom line. Across the last 5 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 64.1%
EBITDA Margin: 11.3%
Op. Margin: 3.8%
Net Margin: -4.6%

Op. margin of 3.8% is up 84.0% YoY — cost efficiency is improving. Net margin at -4.6% and gross margin of 64.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 105% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.0x
P/B Ratio: 0.3x

P/S of 2.0x and P/B of 0.3x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $757.05M
Cash: $26.00M
Long-Term Debt: $1.35M
Book Value: $720.14M
D/E Ratio: 0.0
Debt/EBITDA: 0.3

With $757.05M in assets and $1.35M in long-term debt, D/E is 0.0and book value is $720.14M — a conservative capital structure with a cushion to weather downturns. Across the last 5 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-31.32M
TTM Free Cash Flow: $-56.92M
FCF Margin: -48.1%
FCF / Net Income: 2.1

TTM FCF of $-56.92M on $-31.32M in operating cash flow. The FCF / Net Income ratio of 2.1x means free cash flow covers net income — earnings are backed by cash. Across the last 5 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.