AIRO Group (AIRO) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 178.6% YoY to $17.510M, led by Drones; net loss widened to $11.997M from $7.963M.

• Drone backlog exceeded $200M as of Nov. 5, including U.S. opportunities; the four-segment opportunity pipeline was $1.5B.

Financial highlights

• Q3 gross profit was $9.894M versus $2.790M; operating loss was $13.133M versus $11.980M.

• 9M revenue increased 63.2% to $69.591M; net loss was $29.444M versus $4.065M, with prior-year results including substantial one-time gains.

• Q3 loss per share was $0.38 versus $0.28; 9M loss per share was $0.93 versus $0.19.

• Q3 other income included a $1.0M one-time benefit from liability releases.

Outlook and guidance

• FY 2026 revenue growth guidance remains 15%-25% YoY, now expected at the lower end; Adjusted EBITDA loss guidance is in the negative mid-to-high teens.

• Most of the $200M drone backlog is expected to convert to revenue over the next 12 months, subject to contract, production and delivery timing.

• Gross margin is expected to compress modestly versus 2025, within the previously outlined low-single-digit range; outlook includes second-half FX headwinds.

• RQ-70 production remains on track for January 2027; JC/JX250 commercialization is anticipated in H2 2027.

• Liquidity of $37.8M cash and $50.7M working capital was assessed as sufficient for at least 12 months from financial-statement issuance.