AIRO Chart
About

AIRO Group Holdings, Inc., a multi-faceted advanced Aerospace and Defense company. It 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 joint theatre ISR and simulated ground strike training and consulting services. Its Electric Air Mobility segment develops a rotorcraft eVTOL for cargo and passenger. The company was incorporated in 2021 and is headquartered in Albuquerque, New Mexico.

Fundamentals
Scroll to Statements
Sector Industrials Industry Aerospace & Defense Market Cap 327.13M
Enterprise Value 246.42M Income -4.82M Sales 82.36M
Book/sh 23.62 Cash/sh 2.67 Dividend Yield
Payout 0.00% Employees 151 IPO
P/E Forward P/E -20.29 PEG
P/S 3.97 P/B 0.44 P/C
EV/EBITDA -38.14 EV/Sales 2.99 Quick Ratio 2.65
Current Ratio 3.32 Debt/Eq 1.99 LT Debt/Eq
EPS (ttm) -0.15 EPS next Y -0.52 EPS Growth
Revenue Growth -73.50% Earnings 2026-03-31 ROA -1.58%
ROE -0.74% ROIC Gross Margin 63.78%
Oper. Margin -190.65% Profit Margin -5.85% Shs Outstand 31.30M
Shs Float 17.12M Short Float 5.11% Short Ratio 2.86
Short Interest 52W High 39.07 52W Low 7.28
Beta Avg Volume 612.72K Volume 398.75K
Target Price $19.67 Recom Strong_buy Prev Close $10.07
Price $10.45 Change 3.77%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$19.67
Mean price target
2. Current target
$10.52
Latest analyst target
3. DCF / Fair value
$-11.30
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.52
Low
$19.00
High
$20.00
Mean
$19.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-05 main Mizuho Outperform → Outperform $20
2025-11-24 main BTIG Buy → Buy $19
2025-11-21 main Cantor Fitzgerald Overweight → Overweight $20
2025-11-17 main Mizuho Outperform → Outperform $25
2025-07-08 init BTIG — → Buy $26
2025-07-08 init Mizuho — → Outperform $31
2025-07-08 init Cantor Fitzgerald — → Overweight $35
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 4460 Stock Award(Grant) at price 0.00 per share. NELSON BRIAN JAMES Director 2026-01-30 00:00:00 D
1 4460 Stock Award(Grant) at price 0.00 per share. NG ELIZABETH Director 2026-01-30 00:00:00 D
2 4460 Stock Award(Grant) at price 0.00 per share. BELCHER JOHN M. Director 2026-01-30 00:00:00 D
3 4460 Stock Award(Grant) at price 0.00 per share. SHERRIE MCCANDLESS Director 2026-01-30 00:00:00 D
4 4460 Stock Award(Grant) at price 0.00 per share. WINFREE GREGORY D Director 2026-01-30 00:00:00 D
5 183 1725.0 Sale at price 9.42 per share. UCZEKAJ JOHN S. President 2026-01-05 00:00:00 D
6 17500 Stock Award(Grant) at price 0.00 per share. BUSH GERALD S Chief Executive Officer 2025-09-15 00:00:00 D
7 2306 Stock Award(Grant) at price 0.00 per share. UCZEKAJ JOHN S. President 2025-09-15 00:00:00 D
8 10000 Stock Award(Grant) at price 0.00 per share. KATHURIA CHIRINJEEV M.D. Officer, Director and Beneficial Owner 2025-09-15 00:00:00 D
9 179800 3126722.0 Sale at price 17.39 per share. BUSH GERALD S Chief Executive Officer 2025-09-12 00:00:00 I
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-7.98M0.0038.09K-3.95M
TaxRateForCalcs0.210.210.300.27
NormalizedEBITDA35.73M-14.78M-23.22M-1.44M
TotalUnusualItems-37.99M0.00124.87K-14.64M
TotalUnusualItemsExcludingGoodwill-37.99M0.00124.87K-14.64M
NetIncomeFromContinuingOperationNetMinorityInterest-38.69M-32.46M-25.55M-20.53M
ReconciledDepreciation12.99M13.25M10.05M1.05M
ReconciledCostOfRevenue28.62M18.34M12.95M8.30M
EBITDA-2.27M-14.78M-23.10M-16.07M
EBIT-15.26M-28.03M-33.15M-17.13M
NetInterestIncome-14.23M-2.14M-3.62M-3.39M
InterestExpense14.23M2.14M3.62M3.39M
NormalizedIncome-8.68M-32.46M-25.64M-9.84M
NetIncomeFromContinuingAndDiscontinuedOperation-38.69M-32.46M-25.55M-20.53M
TotalExpenses66.37M53.19M44.08M14.36M
TotalOperatingIncomeAsReported-17.43M-9.93M-27.00M-2.57M
DilutedAverageShares24.89M24.89M24.89M24.89M
BasicAverageShares24.89M24.89M24.89M24.89M
DilutedEPS-1.55-1.30-1.03-0.82
BasicEPS-1.55-1.30-1.03-0.82
DilutedNIAvailtoComStockholders-38.69M-32.46M-25.55M-20.53M
NetIncomeCommonStockholders-38.69M-32.46M-25.55M-20.53M
NetIncome-38.69M-32.46M-25.55M-20.53M
NetIncomeIncludingNoncontrollingInterests-38.69M-32.46M-25.55M-20.53M
NetIncomeContinuousOperations-38.69M-32.46M-25.55M-20.53M
TaxProvision9.21M2.29M-11.21M12.85K
PretaxIncome-29.49M-30.16M-36.76M-20.52M
OtherIncomeExpense-35.82M-18.09M-6.15M-14.55M
OtherNonOperatingIncomeExpenses2.17M-18.09M-6.27M81.97K
SpecialIncomeCharges-37.99M0.00-540.87K705.60K
OtherSpecialCharges540.87K-705.60K
ImpairmentOfCapitalAssets37.99M0.00
GainOnSaleOfSecurity665.75K-15.34M
NetNonOperatingInterestIncomeExpense-14.23M-2.14M-3.62M-3.39M
InterestExpenseNonOperating14.23M2.14M3.62M3.39M
OperatingIncome20.56M-9.93M-27.00M-2.57M
OperatingExpense37.76M34.85M31.13M6.05M
ResearchAndDevelopment13.13M11.87M9.30M1.15M
SellingGeneralAndAdministration24.62M22.98M21.83M4.90M
SellingAndMarketingExpense6.42M5.37M4.60M2.53M
GeneralAndAdministrativeExpense18.20M17.60M17.23M2.37M
OtherGandA18.20M17.60M17.23M2.37M
GrossProfit58.32M24.91M4.13M3.48M
CostOfRevenue28.62M18.34M12.95M8.30M
TotalRevenue86.94M43.25M17.08M11.78M
OperatingRevenue86.94M43.25M17.08M11.78M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber24.89M24.89M24.89M24.89M
ShareIssued24.89M24.89M24.89M24.89M
NetDebt27.86M26.51M29.15M33.34M
TotalDebt48.96M30.97M30.73M33.35M
TangibleBookValue-102.28M-112.20M-92.50M-109.40M
InvestedCapital597.33M626.08M652.75M-72.90M
WorkingCapital-54.01M-66.35M-21.54M1.01M
NetTangibleAssets-102.28M-112.20M-92.50M-109.40M
CapitalLeaseObligations358.81K337.41K980.22K0.00
CommonStockEquity548.73M595.46M623.00M-106.24M
TotalCapitalization549.42M595.96M642.60M-74.06M
TotalEquityGrossMinorityInterest548.73M595.46M623.00M-106.24M
StockholdersEquity548.73M595.46M623.00M-106.24M
OtherEquityInterest-5.00-5.00-5.00
GainsLossesNotAffectingRetainedEarnings-9.51M-761.16K-3.86M0.00
OtherEquityAdjustments-9.51M-761.16K-3.86M
TreasuryStock187.27K
RetainedEarnings-206.45M-167.76M-135.30M-109.75M
AdditionalPaidInCapital764.69M763.98M762.16M3.51M
CapitalStock28.0028.0028.000.00
CommonStock28.0028.0028.000.00
TotalLiabilitiesNetMinorityInterest152.27M142.07M110.35M116.02M
TotalNonCurrentLiabilitiesNetMinorityInterest55.66M56.56M82.92M110.74M
OtherNonCurrentLiabilities42.83M45.23M54.86M
PreferredSecuritiesOutsideStockEquity0.0058.78M
DerivativeProductLiabilities0.0015.25M
NonCurrentAccruedExpenses0.004.36M
NonCurrentDeferredLiabilities12.00M10.82M7.96M174.17K
NonCurrentDeferredRevenue10.16K14.65K14.35K24.17K
NonCurrentDeferredTaxesLiabilities767.33K1.48M500.35K0.00
LongTermDebtAndCapitalLeaseObligation834.48K508.85K20.10M32.18M
LongTermCapitalLeaseObligation146.21K8.85K501.90K0.00
LongTermDebt688.27K500.00K19.60M32.18M
CurrentLiabilities96.61M85.51M27.43M5.28M
OtherCurrentLiabilities18.77M
CurrentDeferredLiabilities10.34M11.09M655.51K248.21K
CurrentDeferredRevenue10.34M11.09M655.51K248.21K
CurrentDebtAndCapitalLeaseObligation48.12M30.46M10.63M1.17M
CurrentCapitalLeaseObligation212.59K328.56K478.32K0.00
CurrentDebt47.91M30.13M10.15M1.17M
OtherCurrentBorrowings33.96M29.39M8.99M10.42K
LineOfCredit126.59K743.23K1.17M1.15M
CurrentNotesPayable13.82M0.00
PayablesAndAccruedExpenses38.14M43.96M16.14M3.87M
CurrentAccruedExpenses7.79M5.61M4.68M1.55M
InterestPayable22.12K
Payables30.36M38.36M11.46M2.32M
OtherPayable3.15M18.77M
DuetoRelatedPartiesCurrent1.10M993.02K937.64K572.03K
TotalTaxPayable9.67M1.37M0.00
AccountsPayable16.44M17.23M10.52M1.75M
TotalAssets701.00M737.52M733.34M9.78M
TotalNonCurrentAssets658.41M718.37M727.46M3.49M
OtherNonCurrentAssets208.33K246.79K167.56K51.70K
GoodwillAndOtherIntangibleAssets651.01M707.66M715.50M3.16M
OtherIntangibleAssets93.50M105.05M116.05M3.16M
Goodwill557.51M602.60M599.44M0.00
NetPPE7.19M10.46M11.80M275.91K
AccumulatedDepreciation-5.44M-4.09M-2.58M-1.54M
GrossPPE12.62M14.55M14.38M1.82M
Leases398.75K328.02K174.99K147.32K
OtherProperties6.76M8.76M8.74M1.11M
MachineryFurnitureEquipment5.46M5.46M5.46M560.00K
Properties0.000.000.000.00
CurrentAssets42.59M19.16M5.88M6.29M
OtherCurrentAssets354.45K355.32K337.42K680.05K
CurrentDeferredAssets798.80K0.00
RestrictedCash170.09K8.98M223.50K50.00K
PrepaidAssets1.30M596.64K414.08K144.50K
Inventory8.82M2.86M2.16M4.05M
FinishedGoods640.11K216.60K953.28K240.31K
WorkInProcess32.45K355.05K155.51K472.60K
RawMaterials8.15M2.29M1.05M3.34M
Receivables10.40M2.24M2.15M1.35M
DuefromRelatedPartiesCurrent790.97K445.03K391.08K0.00
TaxesReceivable651.00K416.17K101.87K0.00
AccountsReceivable8.96M1.38M1.65M1.35M
CashCashEquivalentsAndShortTermInvestments20.74M4.12M605.15K13.62K
CashAndCashEquivalents20.74M4.12M605.15K13.62K
CashFinancial20.74M4.12M605.15K13.62K
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow20.70M21.27M-5.41M-574.09K
RepaymentOfDebt-2.21M-2.84M-1.22M-291.04K
IssuanceOfDebt8.32M2.76M5.77M821.24K
CapitalExpenditure-789.13K-835.92K-78.81K-39.04K
InterestPaidSupplementalData134.94K
IncomeTaxPaidSupplementalData7.76K
EndCashPosition20.91M13.10M828.65K63.62K
BeginningCashPosition13.10M828.65K63.62K132.51K
EffectOfExchangeRateChanges-2.30M292.13K416.57K0.00
ChangesInCash10.11M11.98M348.46K-68.89K
FinancingCashFlow-10.58M-9.29M4.75M505.20K
CashFlowFromContinuingFinancingActivities-10.58M-9.29M4.75M505.20K
NetOtherFinancingCharges-16.69M-9.21M-90.85K-25.00K
ProceedsFromStockOptionExercised0.00295.65K0.00
NetIssuancePaymentsOfDebt6.11M-77.69K4.55M530.20K
NetShortTermDebtIssuance702.95K-465.52K2.08M-268.14K
ShortTermDebtPayments-670.80K-2.05M-615.57K-268.14K
ShortTermDebtIssuance1.37M1.58M2.70M0.00
NetLongTermDebtIssuance5.41M387.83K2.46M798.34K
LongTermDebtPayments-1.54M-796.66K-608.58K-22.90K
LongTermDebtIssuance6.95M1.18M3.07M821.24K
InvestingCashFlow-789.13K-835.92K923.65K-39.04K
CashFlowFromContinuingInvestingActivities-789.13K-835.92K923.65K-39.04K
NetBusinessPurchaseAndSale0.00873.26K0.00
SaleOfBusiness0.00873.26K0.00
NetIntangiblesPurchaseAndSale-39.04K
PurchaseOfIntangibles-39.04K
NetPPEPurchaseAndSale-789.13K-835.92K50.39K-39.04K
SaleOfPPE0.00129.20K0.00
PurchaseOfPPE-789.13K-835.92K-78.81K-39.04K
OperatingCashFlow21.49M22.11M-5.33M-535.06K
CashFlowFromContinuingOperatingActivities21.49M22.11M-5.33M-535.06K
ChangeInWorkingCapital-662.56K19.39M9.61M1.07M
ChangeInOtherWorkingCapital1.82M11.65M563.35K55.70K
ChangeInOtherCurrentLiabilities-359.56K-516.30K-491.78K0.00
ChangeInOtherCurrentAssets34.12K
ChangeInPayablesAndAccruedExpense14.02M8.97M4.65M803.33K
ChangeInAccruedExpense335.21K
ChangeInPayable14.02M8.97M4.65M803.33K
ChangeInAccountPayable13.88M8.91M4.49M893.05K
ChangeInPrepaidAssets-1.52M-281.90K2.10M-268.49K
ChangeInInventory-6.36M-663.52K2.81M230.66K
ChangeInReceivables-8.25M225.58K-25.35K251.84K
ChangesInAccountReceivables-7.91M279.54K27.25K238.21K
OtherNonCashItems-625.02K18.64M9.53M13.09M
StockBasedCompensation716.09K1.82M2.85M3.99K
ProvisionandWriteOffofAssets-42.24K12.96K-44.04K-63.02K
AssetImpairmentCharge37.99M0.00194.73K0.00
DeferredTax-653.88K974.75K-11.20M0.00
DeferredIncomeTax-653.88K974.75K-11.20M0.00
DepreciationAmortizationDepletion12.99M13.25M10.05M1.05M
DepreciationAndAmortization12.99M13.25M10.05M1.05M
Depreciation12.99M13.25M10.05M1.05M
OperatingGainsLosses10.46M478.99K-757.37K4.84M
PensionAndEmployeeBenefitExpense0.00478.99K715.65K0.00
GainLossOnInvestmentSecurities-2.02M5.54M
GainLossOnSaleOfPPE0.0010.01K0.00
NetIncomeFromContinuingOperations-38.69M-32.46M-25.55M-20.53M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AIRO
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status