Quarterly ResultMay 14, 2026, 06:46 AM
AIRO Q1 Revenue $8.9M, Net Loss $(15.5)M; Reaffirms 2026 Guidance
AI Summary
AIRO Group Holdings reported Q1 2026 financial results, with revenue decreasing to $8.9 million from $11.8 million year-over-year and net loss widening to $(15.5) million from $(2.0) million. The company attributed the decline to expected variability, investment timing, and product mix, but reiterated its full-year 2026 revenue growth guidance of 15% to 25%. AIRO is strategically refocusing on the drone market, launching new AI-enabled drone capabilities, and evaluating its Training segment, while maintaining a strong drone backlog exceeding $150 million.
Key Highlights
- Revenue for Q1 2026 was $8.9 million, down from $11.8 million in Q1 2025.
- Net loss for Q1 2026 was $(15.5) million, compared to $(2.0) million in Q1 2025.
- Gross profit was $2.4 million (26.6% margin), down from $6.9 million (58.8% margin) in prior year.
- Operating loss increased to $(17.2) million from $(3.1) million in Q1 2025.
- Adjusted EBITDA was $(12.8) million, compared to $0.1 million in Q1 2025.
- Cash totaled $54.2 million with $1.2 million in total debt as of March 31, 2026.
- Drone backlog exceeded $150 million as of April 30, 2026, with most expected to convert in 12 months.
- Reiterated full-year 2026 revenue growth guidance of 15% to 25% year over year.
- Introduced full-year 2026 Adjusted EBITDA guidance in the negative mid- to high-teens dollar range.
- Launched AI-enabled RQ-35 variant and expanded medium-lift drone portfolio with JX250 and JC250 aircraft.
- Optimizing portfolio to sharpen focus on the drone market and evaluating strategic alternatives for Training segment.