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.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.96

AIRO Group Holdings, Inc. reported first quarter ended March 31, 2026 results: revenue $8.9 million, net income $(15.5) million. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: $8.9 million
Net income: $(15.5) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

for a strong rest of the year and meaningful long-term value creation,” said Joe Burns, Chief Executive Officer of AIRO. First Quarter 2026 Financial Highlights ● Revenue: $8.9 million, compared to $11.8 million in the first quarter of 2025. ● Gross profit: $2.4 million, representing gross margin of 26.6%, compared to $6.9 million, representing gross margin

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Source: SEC EDGAR

accession 0001493152-26-022859

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