Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data AIRO Group Holdings, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2025
FY2025
Revenue
86.9
90.9
Cost of revenue
28.6
36.5
Gross profit
58.3
54.4
Research and development
13.1
17.9
Selling and marketing
6.42
6.62
General and administrative
18.2
58.6
Operating expenses
75.8
83.2
Operating income
-17.4
-28.8
Interest expense
3.9
Other non-operating income
-12.1
31.7
Pre-tax income
-29.5
2.94
Income tax
9.21
7.04
Net income
-38.7
-4.1
EBITDA
-4.79
-16.8
EPS, basic
-2.36
-0.17
EPS, diluted
-2.36
-0.17
Shares, basic (weighted)
0.02
0.02
Shares, diluted (weighted)
0.02
0.02
Balance sheet
FY2025
FY2025
Cash and equivalents
20.9
74.6
Inventory
8.82
11.6
Other current assets
2.31
7.51
Total current assets
42.6
106
Property, plant and equipment
6.83
8.99
Lease right-of-use assets
0.35
3.28
Goodwill
558
572
Intangible assets
93.5
83.5
Other non-current assets
0.21
0.26
Total assets
701
774
Accrued liabilities
16.4
7.62
Short-term debt
28
1.19
Total current liabilities
96.6
30.9
Long-term debt
0.69
0.5
Lease liabilities
0.15
2.48
Other non-current liabilities
0.05
0.05
Total liabilities
152
34.9
Total debt
28.7
1.69
Paid-in capital
765
963
Retained earnings
-206
-211
Treasury stock
-21.2
Other comprehensive income
-9.51
7.95
Shareholders' equity
549
739
Total equity
549
739
Total liabilities and equity
701
774
Shares outstanding
16.4
31.4
Cash flow statement
FY2025
FY2025
Net income
-38.7
-4.1
Depreciation and amortization
12.6
12
Stock-based compensation
0.72
19.9
Deferred income tax
-0.67
0.26
Change in receivables
-7.91
-2.3
Change in inventory
-6.36
-1.71
Change in payables
12.8
-19.2
Cash from operations
21.5
-32.4
Capital expenditures
-0.79
-3.07
Cash from investing
-0.79
-3.07
Stock issued
141
Share buybacks
-19.4
Cash from financing
-10.6
86.4
Exchange rate effect
-2.3
2.73
Net change in cash
7.81
53.6
Free cash flow
20.7
-35.5
Income taxes paid
17.7
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.24 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
58.6%
Gross profit / revenue.
Operating margin
-20.2%
Operating income / revenue.
EBITDA margin
-9.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-17.2%
Pre-tax income / revenue.
Net margin
-23.9%
Net income / revenue.
FCF margin
-53.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-47.3%
Cash from operations / revenue.
Return on equity (ROE)
-3.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-3.4%
Net income / average total assets.
Return on invested capital (ROIC)
-2.4%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
22.9%
Research and development expense / revenue.
Stock-based pay / revenue
3.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
6.1%
Capital expenditures / revenue.
D&A / revenue
10.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
4.6%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-6.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-251.0%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-271.6%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
34.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
10.4%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
44.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.87x
Current assets / current liabilities.
Quick ratio
0.79x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.79x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.00x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.2%
Total debt / total assets.
Liabilities / assets
4.9%
Total liabilities / total assets.
Net debt
-$24.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$3.39
Revenue / diluted weighted shares.
FCF per share
-$1.81
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.60
Cash from operations / diluted weighted shares.
Book value per share
$22.82
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
2.14x
Market cap / revenue.
P/B
0.32x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
3.15x
Market cap / tangible book value, when positive.
EV/Sales
1.91x
Enterprise value / revenue.
FCF yield
-24.9%
Free cash flow / market cap.
Earnings yield
-11.1%
Net income / market cap (the inverse of P/E).
What was AIRO Group Holdings, Inc.'s revenue in fiscal 2025?
AIRO Group Holdings, Inc. reported revenue of $90.9M for fiscal 2025, 4.6% higher than the year before.
Was AIRO Group Holdings, Inc. profitable in fiscal 2025?
No. It reported a net loss of $4.1M.
How much free cash flow did AIRO Group Holdings, Inc. generate in fiscal 2025?
Cash from operations of $32.4M minus capital expenditures of $3.1M left free cash flow of -$35.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.