AIRO — Third Quarter 2026 Earnings Summary

AIRO Group Holdings reported third-quarter 2026 revenue of $17.5 million, representing a 179% increase from the prior-year period, driven by strong growth in its drone segment. The company achieved a gross margin of 57% and an adjusted EBITDA loss of $7.5 million, while maintaining a cash position of $37.8 million with minimal debt. As of November 5, 2026, AIRO's drone backlog stood at $200 million, with a total opportunity pipeline of $1.5 billion across U.S. and allied defense markets. Management expects full-year 2026 revenue growth between 15% and 25% and anticipates the majority of the current backlog will convert to revenue within the next 12 months.