Earnings Releases·Nov 12, 2026, 6:30 AM ET

AIRO — Third Quarter 2026 Earnings Summary

Revenue surged 179% year-over-year to $17.5 million, driven by the Drones segment, while gross margin expanded to 57% from 44% in the prior-year period.
Operating and net losses widened to $13.1 million and $12.0 million respectively, attributed to higher operating expenses for scaling, though Adjusted EBITDA improved to $(7.5) million from $(8.0) million.
Full-year 2026 revenue growth guidance remains 15% to 25% year-over-year, with management now expecting performance at the lower end of this range.
The company holds a $200 million drone backlog and a $1.5 billion opportunity pipeline, supported by a strong balance sheet of $37.8 million in cash and only $1.2 million in debt.
Strategic progress includes securing the first U.S. order and advancing the RQ-70 drone toward production as the company builds an integrated unmanned systems platform.