AIRO Q1 revenue drops to $8.9M, net loss widens to $15.5M

AIRO Group Holdings, Inc.

Revenue $8.9M, down 25% from $11.8M YoY; gross margin 26.6% vs 58.8% due to product mix shift to lower-margin upgrades.
Net loss $(15.5)M vs $(2.0)M; adjusted EBITDA loss $(12.8)M vs breakeven in prior year.
Drone backlog exceeds $150M as of April 30, 2026; company reiterates FY 2026 revenue growth guidance of 15%-25%.
Company launched AI-enabled RQ-35 drone variant and shifted focus to cargo/ISR unmanned platforms; evaluating strategic alternatives for Training segment.
Cash $54.2M, debt $1.2M; manufacturing capacity increased ~30% above backlog levels.

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