Filing Flows › Airo Group Holdings (AIRO) › Q1 2026
Airo Group Holdings (AIRO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Airo Group Holdings (AIRO) reported revenue of $8.9M for the first quarter 2026 (Q1 2026), -25% from a year earlier and -82% from the quarter before. Operating margin was -192.8%, net loss $15.5M (173.6% of revenue).
Airo Group Holdings, Q1 2026: revenue $8.9M (-24% year over year), operating margin -192.8%, net loss $15.5M, operating cash flow −$17.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.9M | -82% | -25% |
| Operating profit | −$17.2M | -387% | — |
| Net earnings | −$15.5M | — | — |
| Operating cash flow | −$17.4M | -526% | — |
What changed
Revenue was $8.9M in Q1 2026, down 25% year over year and down 82% from the previous quarter. Drones was the largest line at 73% of revenue. Drones lost $2.0M year over year (down 23%), 67% of the total change.
Gross margin was 26.6%, down 32.2 points from a year earlier. Operating costs exceeded revenue by $17.2M, an operating margin of -192.8%. Operating expenses grew 95% against a revenue fall of 25%. The fastest-growing cost line was General & admin (+121%). The quarter ended with a net loss of $15.5M, wider than the previous quarter's $40K loss.
Operating cash flow was −$17.4M. Non-cash charges added back $3.1M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $6.6M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$19.5M.
Questions
What was Airo Group Holdings' revenue in the first quarter 2026?
Airo Group Holdings (AIRO) reported revenue of $8.9M for the first quarter 2026 (Q1 2026), -25% from a year earlier and -82% from the quarter before.
Was Airo Group Holdings profitable in the first quarter 2026?
Operating loss was $17.2M (-192.8% of revenue) and net loss $15.5M.