(AIRO) AIRO Holdings, Common Stock - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: NASDAQ (USA) | Market Cap: 206m USD | Total Return: -72.7% in 12m
Avg Turnover: 3.03M
Qual. Beats: 0
Rev. Trend: 92.8%
Warnings
Share dilution 19.9% YoY
Interest Coverage Ratio -0.2 is critical
Beneish M-Score 0.03 > -1.5 - likely earnings manipulation
Altman Z'' -6.76 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
AIRO Group Holdings, Inc. is an aerospace and defense firm operating across four primary divisions: Drones, Avionics, Training, and Electric Air Mobility. The company manufactures unmanned aerial systems and specialized avionics hardware, including flight displays and GPS sensors for military and general aviation. Its training division provides adversary air and joint theatre ISR services, while the air mobility segment focuses on developing electric vertical takeoff and landing (eVTOL) rotorcraft for cargo logistics.
The aerospace sector is increasingly prioritizing the transition to eVTOL technology to reduce carbon emissions and operational noise in urban logistics. AIRO utilizes a diversified business model that combines recurring revenue from long-term military training contracts with the high-growth potential of advanced hardware manufacturing. Investors can find deeper insights into these industry trends and company metrics by exploring ValueRay.
- Military pilot training contract wins drive steady recurring revenue streams
- Jaunt eVTOL certification milestones impact long-term capital expenditure and valuation
- Global defense spending shifts influence demand for drone and avionics segments
- Regulatory approval timelines for advanced air mobility dictate market entry speed
- Supply chain stability for specialized aerospace components affects manufacturing margins
| Net Income: -17.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -7.89 > 1.0 |
| NWC/Revenue: 70.98% < 20% (prev -69.72%; Δ 140.7% < -1%) |
| CFO/TA -0.05 > 3% & CFO -40.1m > Net Income -17.6m |
| Net Debt (-47.3m) to EBITDA (11.0m): -4.31 < 3 |
| Current Ratio: 2.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.4m) vs 12m ago 19.95% < -2% |
| Gross Margin: 59.68% > 18% (prev 0.64%; Δ 5.90k% > 0.5%) |
| Asset Turnover: 12.08% > 50% (prev 12.18%; Δ -0.10% > 0%) |
| Interest Coverage Ratio: -0.18 > 6 (EBITDA TTM 11.0m / Interest Expense TTM 8.72m) |
| A: 0.08 (Total Current Assets 94.6m - Total Current Liabilities 32.1m) / Total Assets 759.1m |
| B: -0.30 (Retained Earnings -226.0m / Total Assets 759.1m) |
| C: -0.00 (EBIT TTM -1.54m / Avg Total Assets 728.4m) |
| D: -6.02 (Book Value of Equity -220.9m / Total Liabilities 36.7m) |
| Altman-Z'' = -6.76 = D |
| DSRI: 4.63 (Receivables 8.10m/1.69m, Revenue 88.0m/85.0m) |
| GMI: 1.07 (GM 59.68% / 63.63%) |
| AQI: 0.91 (AQ_t 0.86 / AQ_t-1 0.94) |
| SGI: 1.04 (Revenue 88.0m / 85.0m) |
| TATA: 0.03 (NI -17.6m - CFO -40.1m) / TA 759.1m) |
| Beneish M = 0.03 (Cap -4..+1) = D |
As of May 26, 2026, the stock is trading at USD 6.56 with a total of 360,300 shares traded.
Over the past week, the price has changed by +2.98%,
over one month by -20.19%,
over three months by -33.74% and
over the past year by -72.67%.
AIRO Holdings, Common Stock has no consensus analysts rating.
P/S = 2.3438
P/B = 0.286
Revenue TTM = 88.0m USD
EBIT TTM = -1.54m USD
EBITDA TTM = 11.0m USD
Long Term Debt = 500k USD (from longTermDebt, last quarter)
Short Term Debt = 1.63m USD (from shortTermDebt, last quarter)
Debt = 6.96m USD (from shortLongTermDebtTotal, last quarter) + Leases 3.11m
Net Debt = -47.3m USD (calculated: Debt 6.96m - CCE 54.2m)
Enterprise Value = 159.0m USD (206.3m + Debt 6.96m - CCE 54.2m)
Interest Coverage Ratio = -0.18 (Ebit TTM -1.54m / Interest Expense TTM 8.72m)
EV/FCF = -3.54x (Enterprise Value 159.0m / FCF TTM -44.9m)
FCF Yield = -28.23% (FCF TTM -44.9m / Enterprise Value 159.0m)
FCF Margin = -51.00% (FCF TTM -44.9m / Revenue TTM 88.0m)
Net Margin = -19.98% (Net Income TTM -17.6m / Revenue TTM 88.0m)
Gross Margin = 59.68% ((Revenue TTM 88.0m - Cost of Revenue TTM 35.5m) / Revenue TTM)
Gross Margin QoQ = 26.57% (prev 66.98%)
Tobins Q-Ratio = 0.21 (Enterprise Value 159.0m / Total Assets 759.1m)
Interest Expense / Debt = 125.2% (Interest Expense 8.72m / Debt 6.96m)
Taxrate = 21.0% (US default 21%)
NOPAT = -1.21m (EBIT -1.54m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.94 (Total Current Assets 94.6m / Total Current Liabilities 32.1m)
Debt / Equity = 0.01 (Debt 6.96m / totalStockholderEquity, last quarter 722.4m)
Debt / EBITDA = -4.31 (Net Debt -47.3m / EBITDA 11.0m)
Debt / FCF = 1.05 (negative FCF - burning cash) (Net Debt -47.3m / FCF TTM -44.9m)
Total Stockholder Equity = 720.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.41% (Net Income -17.6m / Total Assets 759.1m)
RoE = -1.86% (Net Income TTM -17.6m / Total Stockholder Equity 946.2m)
RoCE = -0.16% (EBIT -1.54m / Capital Employed (Equity 946.2m + L.T.Debt 500k))
RoIC = -0.17% (negative operating profit) (NOPAT -1.21m / Invested Capital 728.6m)
WACC = 16.95% (E(206.3m)/V(213.2m) * Re(17.52%) + (debt cost/tax rate unavailable))
Discount Rate = 17.52% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 43.53 | Cagr: 8.42%
[DCF] Fair Price = unknown (Cash Flow -44.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.51 | # QB: 0
Revenue Correlation: 92.76 | Revenue CAGR: 79.88% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.13 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.22 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-0.63 | Chg30d=-22.33% | Revisions=+0% | GrowthEPS=+65.4% | GrowthRev=+28.3%
EPS next Year (2027-12-31): EPS=-0.19 | Chg30d=-15.15% | Revisions=-33% | GrowthEPS=+69.8% | GrowthRev=+51.2%
[Analyst] Revisions Ratio: -33%