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Friday 6 November 2026
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AIRO Group Holdings, Inc.
AIRO Industrials Aerospace & Defense
AIRO Group Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $90.9 million, up 4.57% from fiscal 2024.
- Revenue
- +75.9%
- EPS
- −118.8%
- Free cash flow
- −55.4%
- Total debt
- −90.7%
Quarter to June 2026, against a year earlier
4.81
0.61
−11.25%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 43 | 87 | 91 | 107 | +45.0% | 110 | 158 | 228 | +35.8% | |
| Gross margin, % | — | — | — | — | — | — | — | 57.60 | 67.08 | 59.86 | 58.61 | +2.3 pt | ||||||
| EBT | — | — | — | — | — | — | — | (30) | (29) | 3 | (18) | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | (69.73) | (33.92) | 3.23 | (17.19) | +73.0 pt | ||||||
| Net income | — | — | — | — | — | — | — | (32) | (39) | (4) | (25) | (64.4%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 2.64 | 5.31 | 3.84 | 3.39 | +20.6% | |||||
| Earnings | — | — | — | — | — | — | — | (1.98) | (2.36) | (0.17) | (0.92) | (70.7%) | ||||||
| Cash flow | — | — | — | — | — | — | — | 1.35 | 1.31 | (1.37) | (1.60) | n/m | ||||||
| Capex | — | — | — | — | — | — | — | (0.05) | (0.05) | (0.13) | (0.21) | +59.5% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 1.30 | 1.26 | (1.50) | (1.81) | n/m | ||||||
| Book value | — | — | — | — | — | — | — | 36.34 | 33.49 | 31.22 | 22.88 | (7.3%) | ||||||
| Shares, m | — | — | — | — | — | — | — | 16 | 16 | 24 | 29 | +20.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.00 | 2.13 | 1.42 | 0.7 | ||||||
| P/B | — | — | — | — | — | — | — | 0.72 | 0.72 | 0.26 | 0.21 | 0.6 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 0.00 | 1.34 | 1.19 | 0.4 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 38.41 | 38.41 | (3.44) | (2.24) | 24.5 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 22 | 21 | (32) | (50) | n/m | |||||
| Capex | — | — | — | — | — | — | — | (1) | (1) | (3) | (7) | +91.8% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 21 | 21 | (36) | (57) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | (66) | (54) | 76 | 62 | n/m | |||||
| Net debt | — | — | — | — | — | — | — | 18 | 14 | (72) | (25) | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 595 | 549 | 739 | 720 | +11.4% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (5.38) | (0.56) | (3.38) | (0.6) pt | |||||
| ROIC | — | — | — | — | — | — | — | (1.01) | (1.94) | (2.69) | (1.93) | (1.7) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | (6.76) | (0.64) | (3.64) | (0.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 151 | 223 | — | +47.7% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.58 | 0.41 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
AIRO Group Holdings, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| POWW Outdoor Holding Company | $268.1M | 76.7× | 47.4× | +22.12% (above 0%: growing) | n/m | −89.37% (below 0%: shrinking) | 84.55% | 22.76% | Compare |
| PUSA Powerus Corporation | $243.1M | — (loss-making) | — (loss-making) | +17.65% (above 0%: growing) | n/m | +47.68% (above 0%: growing) | 37.46% | (107.76%) | Compare |
| EH EHang Holdings Limited Unsponsored ADR | $206.6M | — (loss-making) | — (loss-making) | −44.12% (below 0%: shrinking) | n/m | −1,807.06% (below 0%: shrinking) | 61.24% | (169.14%) | Compare |
| NSTR NorthStar Earth & Space Enterprises Inc | $153.3M | — | — | — | — | — | — | — | Compare |
| AIRO AIRO Group Holdings, Inc. | $150.8M | — (loss-making) | — (loss-making) | +75.89% (above 0%: growing) | n/m | −55.38% (below 0%: shrinking) | 64.12% | 3.83% | |
| DPRO Draganfly Inc. | $110.0M | — (loss-making) | — (loss-making) | +25.84% (above 0%: growing) | n/m | −149.77% (below 0%: shrinking) | 20.01% | (584.90%) | Compare |
| SIF SIFCO Industries, Inc. | $105.5M | 25.8× | — | +18.33% (above 0%: growing) | n/m | −792.26% (below 0%: shrinking) | 13.09% | 1.09% | Compare |
| SIDU Sidus Space, Inc. | $94.1M | — (loss-making) | — (loss-making) | −53.76% (below 0%: shrinking) | n/m | −18.26% (below 0%: shrinking) | (107.99%) | (976.20%) | Compare |
| CODA Coda Octopus Group Inc. | $90.7M | 18.5× | 19.2× | +9.24% (above 0%: growing) | +9.09% (above 0%: growing) | −24.37% (below 0%: shrinking) | 65.44% | 19.87% | Compare |
| Median of peers | $131.6M | 25.8× | — | +17.65% | — | −89.37% | 37.46% | (107.76%) |
Pay and ownership Proxy statement filed 21 April 2026
Ownership
Directors and executive officers, together
22.90%
Dr. Chirinjeev Kathuria
14.60%
New Generation Aerospace, LLC
11.60%
Woodline Partners LP
8.80%
Carter Aviation Technologies, LLC
8.30%
Captain Joseph D. Burns
5.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement