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AIRO Group Holdings (AIRO) investor relations material
AIRO Group Holdings Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Q3 2025 revenue was $6.3M, down sharply year-over-year due to shipment delays and customer-requested upgrades; YTD revenue was $42.6M, down from $47.2M.
Net loss for Q3 2025 improved to $8.0M from $30.3M in the prior year; EBITDA loss narrowed to $5.7M from $23.1M.
Completed an $89.4M follow-on offering and an IPO, raising over $121.7M net, with $19.4M used for share repurchases.
Executed joint ventures with Nord-Drone and Bullet to expand UAS and interceptor drone capabilities in U.S., NATO, and Ukraine markets.
Expanded U.S. manufacturing and advanced CEW technology development through Sky-Watch; Jaunt expanded in Canada and secured new partnerships.
Financial highlights
Q3 2025 revenue: $6.3M (Q3 2024: $23.7M); YTD revenue: $42.6M (2024: $47.2M).
Q3 gross margin: 44.4% (prior year: 68.7%); YTD gross margin: 58.1% (2024: 64.7%).
Q3 net loss: $8.0M, improved from $30.3M; Q3 EBITDA loss: $5.7M, improved from $23.1M; Adjusted EBITDA loss: $8.0M.
Cash and cash equivalents at September 30, 2025: $83.7M; working capital: $74.5M.
Debt outstanding at September 30, 2025: $12.8M (December 31, 2024: $105.7M); inventory: $16.2M.
Outlook and guidance
Over $190M in bookings in progress for delivery in 2025 and 2026; Q4 2025 revenue booked at $24.5M.
Full-year 2025 revenue expected to exceed 2024’s $86.9M, subject to supplier deliveries and customer acceptance.
Management expects increased R&D and operating expenses as the company scales; current liquidity sufficient for at least 12 months.
Outlook excludes potential contributions from new joint ventures, pending financial agreements and regulatory approvals.
Anticipates additional drone orders due to global security concerns, but faces ongoing supply chain and inflationary pressures.
JV impact on market and production scale
CEW program's strategic importance for UAS
Rationale for share repurchase post-offering
Blue UAS cert impact on US drone production
Nord-Drone JV: AIRO's capital commitment?
Jaunt: Total expected government funding amount?
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Next AIRO Group Holdings earnings date
Q4 202527 Feb, 2026
Next AIRO Group Holdings earnings date
Q4 202527 Feb, 2026
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