your badges 52W Range $6–$22 5% of range Analyst Rating BUY 9 analysts Price Target $16 +150% upside P/E -8.1 ROE -3.6% Net Profit Margin -23.9%

AIRO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $6.59
Market Cap (MRQ) $208M
P/E (TTM) -8.1
EPS (TTM) $-0.81
Revenue (TTM) $107M
ROE (TTM) -3.6%
Debt/Equity (MRQ) 0.0
52W Range $6–$22

AIRO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$91M
2024-12-31 → 2025-12-31
EPS$-0.17
2024-12-31 → 2025-12-31
Free Cash Flow$-36M
2025-12-31 → 2025-12-31
Net margin-23.9%
2025-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend AIRO 5Y avg Peer Median Verdict
P/E (TTM) -8.1 · · ·
P/S (TTM) 1.9 · 7.7 Undervalued
P/B (MRQ) 0.3 · 5.2 Undervalued
EV / EBITDA -4.7 · · ·
Price / FCF (TTM) -3.7 · · ·
Price / Cash Flow (TTM) -4.1 · · ·
EV / Revenue 1.5 · · ·
EV / FCF -3.8 · · ·
Price / Tangible Book (MRQ) 0.3 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -46.2%
Next Report Nov 11, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 13, 2026 $-0.06 $-0.30 79.7%
March 31, 2026 May 14, 2026 $-0.49 $-0.35 -41.3%
Dec. 31, 2025 $-0.00 $0.09 -102.3%
Sept. 30, 2025 $-0.16 $-0.07 -124.1%
June 30, 2025 $-0.51 $-0.36 -42.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 16
Metric Trend 20252024
Revenue $91M$87M
Cost of Revenue $36M$29M
Gross Profit $54M$58M
R&D Expense $18M$13M
SG&A Expense $59M$18M
Operating Expenses $83M$76M
Operating Income $-29M$-17M
Other Non-op $26M$2M
Pretax Income $3M$-29M
Income Tax $7M$9M
Net Income $-4M$-39M
EPS (Basic) $-0.17$-2.36
EPS (Diluted) $-0.17$-2.36
Shares (Basic) 23,67816,387
Shares (Diluted) 23,67816,387
EBITDA $-29M·
Balance Sheet 27
Metric Trend 20252024
Cash & Equivalents $74M$21M
Inventory $12M$9M
Prepaid Expense $8M$2M
Current Assets $106M$43M
PP&E (Net) $9M$7M
PP&E (Gross) $16M$12M
Accum. Depreciation $7M$5M
Goodwill $572M$558M
Intangibles $83M$94M
Other Non-current Assets $259.0K$208.0K
Total Assets $774M$701M
Accrued Liabilities $8M$16M
Short-term Debt $1M$6M
Current Liabilities $31M$97M
Capital Leases $2M$146.0K
Deferred Tax $1M$767.0K
Other Non-current Liabilities $50.0K$50.0K
Total Liabilities $35M$152M
Long-term Debt $2M$29M
Total Debt $3M·
Paid-in Capital $963M$765M
Retained Earnings $-211M$-206M
Treasury Stock $21M·
AOCI $8M$-10M
Stockholders' Equity $739M$549M
Liabilities + Equity $774M$701M
Shares Outstanding 31,376,00016,387,000
Cash Flow 14
Metric Trend 20252024
D&A $12M$13M
Stock-based Comp $20M$716.0K
Deferred Tax $260.0K$-672.0K
Amort. of Intangibles $11M$11M
Operating Cash Flow $-32M$21M
CapEx $3M$789.0K
Investing Cash Flow $-3M$-789.0K
Stock Issued $141M·
Stock Repurchased $19M·
Net Stock Activity $121M·
Financing Cash Flow $86M$-11M
Net Change in Cash $54M$8M
Taxes Paid $18M·
Free Cash Flow $-36M·
Profitability 8
Metric Trend 20252024
Gross Margin 59.9%·
Operating Margin -31.6%·
Net Margin -4.5%·
Pretax Margin 3.2%·
EBITDA Margin -31.6%·
ROA -0.56%·
ROE -0.58%·
ROIC 5.4%·
Liquidity & Solvency 4
Metric Trend 20252024
Current Ratio 3.4·
Quick Ratio 2.4·
Debt / Equity 0.0·
LT Debt / Equity 0.0·
Efficiency 2
Metric Trend 20252024
Asset Turnover 0.1·
Inventory Turnover 3.6·
Per Share 5
Metric Trend 20252024
Book Value / Share $23.56·
Revenue / Share $3839.30·
Cash Flow / Share $-1369.71·
Cash / Share $2.37·
EPS (TTM) $-0.17·
Growth Rates 1
Metric Trend 20252024
Revenue YoY 4.6%·
Valuation (TTM) 14
Metric Trend 20252024
Revenue TTM $91M·
Net Income TTM $-4M·
Market Cap $257M·
Enterprise Value $185M·
P/E -48.1·
P/S 2.8·
P/B 0.3·
P / Tangible Book 3.1·
P / Cash Flow -7.9·
P / FCF -7.2·
EV / EBITDA -6.4·
EV / FCF -5.2·
EV / Revenue 2.0·
Earnings Yield -2.1%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-31
Revenue $91M $87M
Gross Margin % 59.9% ·
Operating Margin % -31.6% ·
Net Income $-4M $-39M
Diluted EPS $-0.17 $-2.36

Institutional owners (13F) 105 filers · $91.1M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 105
Value held $91.1M
New positions 20
Exited positions 16
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
20 (-9 vs prior Q) 16 (+2 vs prior Q) 47 (+4 vs prior Q) 20 (+2 vs prior Q) +1.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Woodline Partners LP $20,595,863 2,786,991 22.61% Shares
BlackRock, Inc. $9,609,247 1,300,304 10.55% Shares
HighTower Advisors, LLC $7,169,490 970,161 7.87% Shares
VANGUARD CAPITAL MANAGEMENT LLC $5,897,856 798,086 6.47% Shares
BRIGHTON JONES LLC $5,049,876 683,339 5.54% Shares
VANGUARD GROUP INC $4,743,721 579,917 5.21% Shares
GEODE CAPITAL MANAGEMENT, LLC $3,325,870 449,984 3.65% Shares
STATE STREET CORP $2,814,740 380,885 3.09% Shares
MILLENNIUM MANAGEMENT LLC $2,778,330 375,958 3.05% Shares
Defiance ETFs, LLC $2,082,820 272,264 2.29% Shares
Vident Advisory, LLC $1,725,861 233,540 1.89% Shares
AQR CAPITAL MANAGEMENT LLC $1,489,913 201,612 1.64% Shares
RENAISSANCE TECHNOLOGIES LLC $1,486,062 201,091 1.63% Shares
BANK OF AMERICA CORP /DE/ $1,477,890 199,985 1.62% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,436,616 194,400 1.58% Call option
GOLDMAN SACHS GROUP INC $1,292,821 174,942 1.42% Shares
MORGAN STANLEY $1,248,525 168,948 1.37% Shares
UBS Group AG $1,187,211 160,651 1.30% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,098,908 148,702 1.21% Shares
NORTHERN TRUST CORP $1,088,533 147,298 1.19% Shares
LPL Financial LLC $874,510 118,337 0.96% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $746,442 101,007 0.82% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $657,481 88,969 0.72% Shares
TWO SIGMA INVESTMENTS, LP $643,484 87,075 0.71% Shares
JPMORGAN CHASE & CO $627,244 91,435 0.69% Shares
VANGUARD FIDUCIARY TRUST CO $564,079 76,330 0.62% Shares
WOLVERINE TRADING, LLC $557,286 29,300 0.61% Put option
ROYAL BANK OF CANADA $556,000 75,222 0.61% Shares
Trexquant Investment LP $531,903 71,976 0.58% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $450,790 61,000 0.49% Put option
Bank of New York Mellon Corp $435,325 58,907 0.48% Shares
CITADEL ADVISORS LLC $412,362 55,800 0.45% Call option
WOLVERINE TRADING, LLC $405,126 21,300 0.44% Call option
Squarepoint Ops LLC $367,689 49,755 0.40% Shares
JANE STREET GROUP, LLC $365,066 49,400 0.40% Call option
WOLVERINE TRADING, LLC $357,975 18,821 0.39% Shares
CITADEL ADVISORS LLC $336,984 45,600 0.37% Put option
CITADEL ADVISORS LLC $336,326 45,511 0.37% Shares
Kingsbury Capital Investment Advisors LLC $328,582 44,463 0.36% Shares
KMT WEALTH MANAGEMENT, LLC $328,582 44,463 0.36% Shares
Invesco Ltd. $288,351 39,019 0.32% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $240,175 32,500 0.26% Shares
Quantbot Technologies LP $226,673 30,673 0.25% Shares
RAYMOND JAMES FINANCIAL INC $225,832 30,559 0.25% Shares
Nuveen, LLC $216,734 29,328 0.24% Shares
JANE STREET GROUP, LLC $214,310 29,000 0.24% Put option
SIMPLEX TRADING, LLC $177,914 24,075 0.20% Shares
GROUP ONE TRADING LLC $168,322 22,777 0.18% Shares
DEUTSCHE BANK AG\ $152,530 20,640 0.17% Shares
IEQ CAPITAL, LLC $147,349 19,939 0.16% Shares

Show all 105 institutional owners →

Company insiders 11 insiders · 4 officers · 9 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Joseph D Burns Chief Executive Officer Sept. 15, 2025 A 43,120 0 0 $0
Mariya Pylypiv Chief Financial Officer Sept. 2, 2026 S 267,333 0 5 $-686,041
John Uczekaj President and COO Sept. 2, 2026 S 214,342 0 8 $-253,916
Chirinjeev Kathuria Executive Chairman Sept. 15, 2025 A 940,678 0 0 $0
Sherrie Mccandless Director June 4, 2026 A 15,486 0 0 $0
Gregory D. Winfree Director June 4, 2026 A 15,486 0 0 $0
John M. Belcher Director June 4, 2026 A 28,162 0 0 $0
Brian James Nelson Director June 4, 2026 A 15,486 0 0 $0
Elizabeth Ng Director June 4, 2026 A 15,486 0 0 $0
Per Erik Edvard Svehag Director June 12, 2025 A 1,070,237 0 0 $0
New Generation Aerospace, LLC 10% owner Sept. 12, 2025 S 3,650,710 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 9 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IWC · iShares Trust 0.04% 75,805 SH Sept. 11, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.01% 40,870 SH Oct. 2, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.01% 19,363 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.01% 559,219 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.00% 116,268 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 662,760 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.00% 127,390 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 1,949 SH Aug. 19, 2026 Daily
IWN · iShares Trust · 196,965 SH Sept. 11, 2026 Daily

AIRO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 9 analysts BUY
Median target $16.50 +150.4%
2 22.2% Strong Buy
5 55.6% Buy
2 22.2% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-09-30

Mean target $16.50 +150.4%

← Below all targets Current price $6.59
Low$13.00 Mean$16.50 High$20.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
AIRO $257M -48.1 4.6% -4.5% -0.58% 59.9%
SATL $158M -2.6 · · · ·
IA · · · · · ·
SWMR · · · · · ·
ASLE $336M 39.5 -2.8% 2.6% 2.0% 31.6%
SIDU · -2.6 -27.6% -871.0% -90.8% -168.2%
MRLN · · · · -62.9% ·
SPAI · -4.9 -72.0% · · ·

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Source: SEC 10-Q filed Aug 13, 2026