Filing Flows › Industrials › Airo Group Holdings (AIRO)
Airo Group Holdings (AIRO) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Airo Group Holdings (AIRO) Q2 2026 earnings results →
Q2 2026 Revenue up 76% year over year to $43.2M · 5¢ of every $1 of revenue lost · operating margin 3.8%
Airo Group Holdings made $43.2M in Q2 2026 (+76% Y/Y): Drones $41.0M, Avionics $1.4M, Training $737K. Operating margin 3.8%, net loss $2.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $43.2M in Q2 2026, up 76% year over year and up 385% from the previous quarter. Drones was the largest line at 95% of revenue. Drones added $19.0M year over year (up 87%), 102% of the total change. Training declined 30%.
Gross margin was 64.1%, up 2.9 points from Q2 2025. Operating profit was $1.7M, a 3.8% margin (up 84.0 points year over year). Operating expenses fell 25% while revenue rose 76%. The fastest-growing cost line was Research & development (+85%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $15.5M loss. Non-operating items added $414K, 20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$31.3M. Non-cash charges added back $3.2M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $33.6M. Capital expenditures of $2.4M exceeded it, leaving free cash flow of −$33.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $43.2M | +76% | 3.8% | −$2.0M | −$31.3M |
| Q1 2026 | 10-Q | May 14, 2026 | $8.9M | -24% | -192.8% | −$15.5M | −$17.4M |
| Q4 2025 | 10-K | Mar 31, 2026 | $48.3M | +22% | 12.4% | −$40K | $4.1M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $6.3M | -74% | -190.7% | −$8.0M | −$5.8M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $24.6M | +151% | -80.2% | $5.9M | −$21.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Airo Group Holdings
We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21 st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships. Supported by complementary and innovative technologies, we believe we bring a unique value proposition to the market and are well-positioned to become a differentiated leader in the industry.
In its own words, from its 10-K, filed Mar 31, 2026.
Airo Group Holdings against its Aircraft peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +76% against the peers' median +76%. Operating margin: 3.8% against the peers' median -208.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AIRO Airo Group Holdings | Q2 2026 | $43.2M | +76% | 3.8% |
| BA Boeing | Q3 2026 | $24.2B | +4% | 1.5% |
| AVAV AeroVironment | Q1 FY27 | $480M | +6% | -2.3% |
| AVEX Aevex | Q2 2026 | $202M | +100% | 7.6% |
| JOBY Joby Aviation | Q3 2026 | $55.1M | +144% | -504.8% |
| BETA Beta Technologies | Q3 2026 | $17.7M | +98% | -723.2% |
| ACHR Archer Aviation | Q2 2026 | $5.0M | — | n/m |
| UAVS AgEagle Aerial Systems | Q2 2026 | $2.7M | -36% | -208.7% |
| DUKR Duke Robotics | Q2 2026 | $149K | +4% | -622.8% |
Source: Airo Group Holdings 10-Q on SEC EDGAR · CIK 1927958 · Aircraft
13F: who owns AIRO and who is buying
More on AIRO
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results
Compare AIRO with
- Airo Group Holdings vs AeroVironment (AIRO vs AVAV)
- Airo Group Holdings vs Aevex (AIRO vs AVEX)
- Airo Group Holdings vs Joby Aviation (AIRO vs JOBY)
- Airo Group Holdings vs Beta Technologies (AIRO vs BETA)
- Airo Group Holdings vs Archer Aviation (AIRO vs ACHR)
- Airo Group Holdings vs AgEagle Aerial Systems (AIRO vs UAVS)