Track market-moving stories before they get noisy

MONTREAL--(BUSINESS WIRE)--AIRO Group Holdings, Inc. (Nasdaq: AIRO), a next-generation aerospace and defense company, today announced that its wholly owned subsidiary Jaunt Air Mobility Canada has been awarded a Supply Arrangement under the Government of Canada's Defence Drone Initiative (DDI) Marketplace, establishing the company as a pre-qualified supplier eligible to compete for future Canadian Armed Forces drone and autonomous systems opportunities. The Supply Arrangement, awarded by the Go.

WASHINGTON--(BUSINESS WIRE)--Amtrak is welcoming customers aboard its all-new Airo trainsets today as a new era of passenger rail arrives in the Pacific Northwest. Beginning today, two cutting-edge Airo trainsets will join the Amtrak Cascades route, operating four daily trips between Vancouver, B.C., Seattle, Portland, and Eugene and marking the first introduction of Airo trains into passenger service anywhere in the country. As additional Airo trainsets enter service, they will continue to exp.

MCLEAN, Va.--(BUSINESS WIRE)--AIRO Group Holdings, Inc. (Nasdaq: AIRO)(“AIRO” or the “Company”), a next-generation aerospace and defense company, today announced that it has been invited to participate in Phase 2.5 of the Drone Dominance Program. As one of 17 companies selected for this stage, AIRO will participate in the Phase 2.5 Bomber Qualifier at Camp Grayling, Michigan, in October 2026.

This next phase will evaluate 17 unique drones across three mission sets and two testing stages, including a vendor-operated bomber qualifier and a military-operated bomber gauntlet. According to the program announcement, Phase 2.5 will represent the most demanding and accelerated testing phase of the Drone Dominance Program to date.

“Receiving an invite to Phase 2.5 of the Drone Dominance Program represents another key milestone for AIRO and underscores the strength of our technology, along with the dedication of our team,” said Joe Burns, Chief Executive Officer of AIRO. “As the program moves into its most rigorous testing phase to date, we look forward to showcasing the operational effectiveness, reliability, and adaptability of our platform alongside the industry's leading innovators.”

About AIRO Group Holdings, Inc.

AIRO Group Holdings is a next-generation aerospace and defense platform driving innovation across defense and commercial markets. Headquartered in McLean, VA, with operations in the U.S., Canada, and Denmark, AIRO combines a global reach with deep technical expertise. Through a vertically integrated model, AIRO delivers mission-critical solutions centered on its drone platforms, leveraging advanced avionics, integrated training capabilities, and embedded autonomy across systems.

Forward-looking Statements

The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release and include, but are not limited to, the operational effectiveness, reliability, and adaptability of AIRO’s drone platform; and its applicability to the Drone Dominance 2.5 mission; and other statements that are not historical fact. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, including those described in the section titled “Risk Factors” in AIRO’s most recent Quarterly Report on Form 10‑Q, filed with the Securities and Exchange Commission (“SEC”), as well as other filings AIRO may make with the SEC in the future. Forward-looking statements represent AIRO’s management’s beliefs and assumptions only as of the date such statements are made. AIRO undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

More News From AIRO Group Holdings, Inc.

WASHINGTON--(BUSINESS WIRE)--Beginning Sept. 30, customers can experience the new Airo trainsets on the Amtrak Cascades as Amtrak introduces its newest fleet into passenger service. Two trainsets, operating four daily trips, will begin carrying customers on launch day, marking the first phase of Airo's introduction between Vancouver, B.C., Seattle, Portland and Eugene, Oregon. As the rollout continues, additional trainsets will enter service through early 2027 bringing more seats, modern amenit.

AIRO Group Holdings, Inc. (AIRO) Q2 2026 Earnings Call Transcript

AIRO Group's Pullback: An Undervalued Growth Opportunity?AIRO Group NASDAQ: AIRO reported second-quarter 2026 revenue of $43.2 million, up nearly 76% from $24.6 million a year earlier, as stronger-than-expected drone segment performance offset weaker results in avionics and training.

Executive Chairman Dr. Charanjit Kathuria said the company’s revenue exceeded expectations, while gross margin improved to 64% from 61% in the prior-year period. AIRO also reported operating income of $1.7 million, compared with an operating loss of $19.7 million in the second quarter of 2025.

Get AIRO Group alerts:

Chief Financial Officer Dr. Mariya Pylypiv said the year-over-year operating improvement reflected higher revenue, better gross margins and IPO-related costs incurred during the prior-year quarter. Net loss was $2 million, compared with net income of $5.9 million a year earlier. Adjusted EBITDA rose to $6.8 million from $4.7 million.

Drone backlog reaches $163 million AIRO said its drone backlog increased roughly 9% sequentially to about $163 million as of June 30. Pylypiv said the reported backlog consists of international drone orders and does not yet include U.S. opportunities. The company expects most of the backlog to convert into revenue over the next 12 months, though some will extend into 2027.

AIRO has responded to multiple U.S. requests for quotations and expects U.S. orders, once secured, to add to its reported backlog. CEO Captain Joseph Burns said the company’s recently obtained Blue UAS certification for its RQ-35 drone was an important milestone for entering the U.S. defense market.

The certification recognizes the RQ-35 as a secure, compliant unmanned aircraft system eligible for Department of Defense and other government procurement under National Defense Authorization Act requirements, according to Burns. He said the platform has been deployed in the Ukraine conflict and is designed for intelligence, surveillance and reconnaissance missions, including operations in GPS- and GNSS-denied environments.

Burns said the company is also seeing early customer interest in its newly introduced RQ-70 long-range ISR platform. The RQ-70 is expected to offer up to eight hours of endurance and 100 kilometers of range, with standard, long-range and vertical takeoff and landing configurations. AIRO reaffirmed its expectation to begin RQ-70 production in January 2027.

Development continues on cargo and ISR platforms The company is continuing development of its JC-250 cargo drone and JX-250 ISR variant, with a first flight still planned for later this year. Burns said AIRO-specific development costs for the programs are running below internal expectations by a low-double-digit percentage.

Management attributed the lower cost outlook to the variants’ shared platform foundation, supply-chain negotiations, faster-than-expected platform synergies and efficient research and development execution. Burns characterized the aircraft as large cargo drones rather than passenger aircraft, describing potential use cases such as resupply and medical support in combat operations.

Pylypiv said shifting the company’s focus toward cargo and ISR applications has meaningfully reduced expected development costs compared with the previously discussed passenger platform. She said AIRO anticipates a shift to positive free cash flow in 2027 and beyond, though the company did not provide a specific investment amount for the programs.

Liquidity rises after late-quarter drone deliveries AIRO had $25.9 million in cash and $6.8 million in debt as of June 30. Accounts receivable were elevated at quarter-end because several drone deliveries occurred late in the period, Pylypiv said.

After collecting international drone receivables, the company’s preliminary cash balance rose to approximately $56 million as of July 31. Burns said the balance-sheet improvement gives AIRO flexibility to pursue selective acquisitions that could enhance its drone, avionics and electronics portfolio and potentially reduce quarterly revenue variability.

The company said avionics revenue was largely flat sequentially, with demand remaining stable. AIRO has consolidated its avionics operations and expanding U.S. drone activities in Phoenix, where management expects future operational synergies. Burns said the company eventually expects to bring more avionics systems in-house for its unmanned platforms, which could streamline operations and support gross margins.

Guidance maintained despite foreign-exchange pressure AIRO reiterated its full-year 2026 revenue growth outlook of 15% to 25% year over year. Management said first-half revenue represented about half of current full-year expectations after a material drone delivery initially anticipated for the third quarter was completed in the second quarter.

For the second half, AIRO expects revenue to be in line with or modestly above first-half levels. Third-quarter revenue is expected to decline sequentially from the second quarter, followed by a stronger fourth quarter that management expects to be modestly above second-quarter revenue.

Pylypiv said the company now expects greater foreign-exchange headwinds in the second half, with an incremental revenue impact of a few million dollars versus prior expectations. AIRO incorporated that effect into its outlook and maintained its guidance range. Full-year gross margin is expected to be broadly in line with first-half levels, while adjusted EBITDA is expected to be negative in the mid- to high-teens millions of dollars.

On its training business, Burns said AIRO is evaluating strategic alternatives and expects to provide an update by year-end. While management sees long-term opportunity in training, Burns said the segment is capital-intensive, has performed below expectations, and has limited synergies with the company’s core drone and avionics operations.

About AIRO Group (NASDAQ:AIRO)We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in AIRO Group Right Now?Before you consider AIRO Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AIRO Group wasn't on the list.

While AIRO Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

MONTREAL--(BUSINESS WIRE)--AIRO Group Holdings, Inc. (Nasdaq: AIRO), a next-generation aerospace and defense company, today announced that Jaunt Air Mobility has selected Calogy Solutions to design the battery system for its recently unveiled next-generation hybrid-electric, JC-250 and JX-250 VTOL drone variants.The collaboration marks another key milestone in Jaunt's development of advanced autonomous aircraft designed to support defense, commercial, and industrial missions. By integrating inno.

AIRO Group Holdings, Inc. (AIRO - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for AIRO Group Holdings, Inc. is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for AIRO Group Holdings, Inc. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for AIRO Group Holdings, Inc.This company is expected to earn -$0.58 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for AIRO Group Holdings, Inc.. Over the past three months, the Zacks Consensus Estimate for the company has increased 7.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of AIRO Group Holdings, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

OSHKOSH, Wisc.--(BUSINESS WIRE)-- #AAM--EAA AirVenture Oshkosh — Aspen Avionics, a leading manufacturer of advanced avionics for general aviation, and its parent company, AIRO Group, today jointly announced that AIRO Group's consolidated avionics and drone manufacturing facility in Phoenix, Arizona, has achieved AS9100D certification. With Aspen's manufacturing now fully consolidated with AIRO's U.S.-based drone business in Phoenix, Arizona, this certification marks another significant milestone in As.

MCLEAN, Va.--(BUSINESS WIRE)--AIRO Group Holdings, Inc. (Nasdaq: AIRO)(“AIRO” or the “Company”), a next-generation aerospace and defense company, today announced that its RQ-35 Heidrun, developed through its drone brand, Sky-Watch, has been granted Blue UAS status by the Defense Contract Management Agency (DCMA). With this approval, the RQ-35 is recognized by the Department of War (DoW) as a secure, compliant unmanned aircraft system eligible for government and defense acquisition under NDAA re.

MCLEAN, Va.--(BUSINESS WIRE)--AIRO Group Holdings, Inc. (Nasdaq: AIRO), a next-generation aerospace and defense company, in combination with Sky-Watch A/S, its wholly owned subsidiary, today announced the public unveiling of its RQ-70, a new deep-reach intelligence, surveillance and reconnaissance (ISR) drone, extending ISR capabilities beyond the immediate tactical frontline.

“The RQ-70 is a direct response to what our customers have been asking for, with longer range, greater endurance, and the same operational reliability they have come to expect from the RQ-35,” - Joe Burns, AIRO CEO

Share The announcement was made at Eurosatory 2026, a global event for defense and security held in Paris.

AIRO expects the RQ-70 to enter full-scale production in January 2027, leveraging the Company's existing manufacturing infrastructure and NDAA supply chain capabilities developed through the successful production of the RQ-35 platform. The Company is currently engaged with multiple existing and prospective defense customers regarding future RQ-70 deployment opportunities.

“The RQ-70 is a direct response to what our customers have been asking for, with longer range, greater endurance, and the same operational reliability they have come to expect from the RQ-35,” said Joe Burns, AIRO CEO. “Together, these platforms give allied defense forces a complete ISR toolkit, and give AIRO a stronger foundation to compete across a broader set of mission requirements.”

The RQ-70 builds on the operational success of the RQ-35 Heidrun, which has been deployed by NATO member and allied forces, and directly addresses growing customer demand for longer-range ISR capability and extended mission endurance. Together, the two platforms establish AIRO as a multi-platform ISR provider equipped to serve a broad spectrum of mission requirements across allied defense forces. The introduction of the RQ-70 deepens AIRO’s presence in the defense drone market while expanding its customer base.

Building on the RQ-35’s proven operational model, the RQ-70 supports standard hand launch and deep-stall landing, operates in GNSS-denied environments, and incorporates onboard AI to further advance AIRO’s AI roadmap. The platform also offers configuration flexibility, including standard, long-range, and VTOL-enabled options. In addition, the RQ-70 features a modular payload and software architecture that can be tailored to specific mission requirements, enabling it to serve as a standalone, full-service ISR drone for many NATO and allied defense customers.

Other key system capabilities include up to 8 hours of endurance for persistent surveillance and longer time on station; ISR operations beyond the front lines with an operational range of 62+ miles (100 km); resilience in GPS/GNSS-denied environments; deployment by a single operator with fully autonomous mission operation and recovery; and connectivity designed for digital battlefield integration.

“Modern conflicts have shown that success depends on a multitude of factors, such as how quickly intelligence can be collected, processed, and delivered to decision-makers. The RQ-70 is designed to meet that challenge, delivering long-range, persistent surveillance that integrates seamlessly into connected battlefield environments to provide reliable intelligence when it matters most,” said Dr. Chirinjeev Kathuria, AIRO Executive Chairman.

The unveiling at Eurosatory gives customers, partners, and industry stakeholders their first chance to see the aircraft configuration firsthand, providing a clear sense of its scale, capabilities, and intended operational concept.

--

About AIRO Group Holdings, Inc.

AIRO Group Holdings is a next-generation aerospace and defense platform driving innovation across defense and commercial markets. Headquartered in McLean, VA, with operations in the U.S., Canada, and Denmark, AIRO combines a global reach with deep technical expertise. Through a vertically integrated model, AIRO delivers mission-critical solutions centered on its drone platforms, leveraging advanced avionics, integrated training capabilities, and embedded autonomy across systems

Forward looking statements

The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release and include, but are not limited to, the expected timing of full-scale production of the RQ-70; AIRO's ability to leverage its existing manufacturing infrastructure and supply chain capabilities; the development, testing, scaling, production, deployment, performance and capabilities of the RQ-70; customer interest in, demand for, market acceptance of and deployment opportunities for the RQ-70 and AIRO's other drone platforms; AIRO’s ability to compete across a broader set of mission requirements and grow its global defense platform; AIRO’s ability to execute its strategic initiatives across U.S., NATO, and allied markets; and other statements that are not historical fact. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, including those described in the section titled “Risk Factors” in AIRO’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 31, 2026, as well as other filings AIRO may make with the SEC in the future. Forward-looking statements represent AIRO’s management’s beliefs and assumptions only as of the date such statements are made. AIRO undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

More News From AIRO Group Holdings, Inc.

AIRO Group remains a speculative buy, with a prudent strategic pivot away from passenger eVTOL toward medium-lift cargo drones, especially for defense applications. AIRO's 2025 results were underwhelming: revenue growth missed estimates, margins fell sharply, and free cash flow turned negative, but management is prioritizing long-term scaling over short-term profitability. Guidance for 2026 targets 15-25% revenue growth, with a $150 million backlog and CapEx reductions due to the strategic shift, though margins will remain pressured during scaling.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AIRO Group Holdings, Inc. ("Airo" or the "Company") (NASDAQ: AIRO).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Airo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On or around June 13, 2025, Airo conducted its initial public offering ("IPO") of 6.9 million shares priced at $10.00 per share.  Then, on March 31, 2026, Airo issued a press release announcing its fourth quarter and full year 2025 financial results, missing consensus estimates with respect to both operating profit and sales.  Airo also announced the decision to abandon its electric air taxi business. 

On this news, Airo's stock price fell $0.97 per share, or 11.26%, to close at $7.61 per share on March 31, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of AIRO Group Holdings, Inc. (“Airo” or the “Company”) (NASDAQ: AIRO).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Airo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On or around June 13, 2025, Airo conducted its initial public offering (“IPO”) of 6.9 million shares priced at $10.00 per share.  Then, on March 31, 2026, Airo issued a press release announcing its fourth quarter and full year 2025 financial results, missing consensus estimates with respect to both operating profit and sales.  Airo also announced the decision to abandon its electric air taxi business. 

On this news, Airo’s stock price fell $0.97 per share, or 11.26%, to close at $7.61 per share on March 31, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.   

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AIRO Group Holdings, Inc. ("Airo" or the "Company") (NASDAQ: AIRO).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Airo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On or around June 13, 2025, Airo conducted its initial public offering ("IPO") of 6.9 million shares priced at $10.00 per share.  Then, on March 31, 2026, Airo issued a press release announcing its fourth quarter and full year 2025 financial results, missing consensus estimates with respect to both operating profit and sales.  Airo also announced the decision to abandon its electric air taxi business. 

On this news, Airo's stock price fell $0.97 per share, or 11.26%, to close at $7.61 per share on March 31, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

LOS ANGELES, April 22, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AIRO Group Holdings, Inc. (“Airo” or “the Company”) (NASDAQ: AIRO) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Airo announced its Q4 and full year 2025 financial results on March 31, 2026. The Company missed consensus estimates for sales and profits, also announcing its decision to abandon its air taxi business. Based on this news, shares of Airo fell by almost 11.3%.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]

www.schallfirm.com

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AIRO Group Holdings, Inc. ("Airo" or the "Company") (NASDAQ: AIRO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Airo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On or around June 13, 2025, Airo conducted its initial public offering ("IPO") of 6.9 million shares priced at $10.00 per share. Then, on March 31, 2026, Airo issued a press release announcing its fourth quarter and full year 2025 financial results, missing consensus estimates with respect to both operating profit and sales. Airo also announced the decision to abandon its electric air taxi business. 

On this news, Airo's stock price fell $0.97 per share, or 11.26%, to close at $7.61 per share on March 31, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

MCLEAN, Va.--(BUSINESS WIRE)-- #AIDriven--AIRO Group Holdings, Inc. (Nasdaq: AIRO), a next-generation aerospace and defense company, today announced the introduction of the RQ-70 Dainn, a long-range unmanned aircraft system (UAS) designed for intelligence, surveillance and reconnaissance (ISR) and target acquisition missions. The RQ-70 Dainn will be officially unveiled at Eurosatory in Paris, June 15–19, 2026, where AIRO will showcase how its integrated, AI-driven systems are addressing increasingly comple.

MCLEAN, Va.--(BUSINESS WIRE)--AIRO Group Holdings, Inc. (NASDAQ: AIRO) (“AIRO” or the “Company”), a global leader in advanced aerospace and defense technologies, today announced financial results for the first quarter ended March 31, 2026.

“Following a foundational 2025, we continued to take important steps in the first quarter to strengthen our infrastructure and strategic focus needed to scale AIRO into a leading, integrated aerospace and defense platform. As a newly public company, we are prioritizing disciplined capital deployment, aligning our investments with what we believe to be the highest-return opportunities across defense mobility, security, and training. While first quarter results reflect expected variability and investment timing, we believe this represents the low point for the year and positions us for accelerated growth as we execute against a robust pipeline of demand. And, we are reiterating our full‑year 2026 revenue growth guidance of 15% to 25%,” stated Dr. Chirinjeev Kathuria, Executive Chairman.

“We delivered a solid start to 2026, with results in line with our expectations and reinforcing our confidence in our full-year outlook. During the quarter, we refined our strategic focus to further align AIRO with the growing drone market, centered on delivering mission‑ready, AI‑enabled unmanned systems to U.S. and allied defense customers. With growing demand, a backlog that continues to build, and key milestones ahead, including Blue UAS certification and the introduction of new products, we believe we are well positioned for a strong rest of the year and meaningful long-term value creation,” said Joe Burns, Chief Executive Officer of AIRO.

First Quarter 2026 Financial Highlights

Revenue: $8.9 million, compared to $11.8 million in the first quarter of 2025. Gross profit: $2.4 million, representing gross margin of 26.6%, compared to $6.9 million, representing gross margin of 58.8% in the prior year period. Operating loss: $(17.2) million, compared to $(3.1) million in the first quarter of 2025. Net loss: $(15.5) million, compared to $(2.0) million in the first quarter of 2025. EBITDA: $(14.3) million, compared to $2.7 million in the first quarter of 2025. Adjusted EBITDA: $(12.8) million, compared to $0.1 million in the first quarter of 2025. First Quarter 2026 & Recent Operational Highlights

Advanced AI-enabled drone capabilities with launch of full-stack RQ-35 variant. AIRO began marketing and selling an AI-enabled version of its flagship RQ-35 Heidrun, enhancing performance in GPS-denied environments and reinforcing its leadership in next-generation ISR systems. Shifting focus toward cargo and ISR markets while expanding medium-lift drone portfolio. AIRO is prioritizing development of a large cargo drone platform and ISR variant, rather than passenger drones, built on a shared architecture to enable lower-cost development, reduced regulatory complexity, and more predictable, diversified revenue. In parallel, the Company unveiled the JX250 and JC250 aircraft, projected to achieve up to 1,000 miles of range and up to 16 hours of endurance in ISR configurations, which would significantly expand operational reach and AIRO’s addressable market; based on current progress, first flight is targeted this year, with commercialization and operational deployment expected to begin in 2027. Optimizing portfolio to sharpen focus on the drone market; evaluating strategic alternatives for Training segment. AIRO is sharpening its focus on the drone market, where the Company sees the most significant and immediate opportunity while positioning for long-term growth. As part of this effort, the Company is evaluating the strategic fit and long-term role of its Training segment. The Training segment remains a valuable asset with significant long-term opportunity, but the segment is capital-intensive and often requires meaningful ongoing investment. Scaled manufacturing capacity to support future demand growth. Continued modernization of the Støvring, Denmark facility, increasing production capacity to approximately 30% above current backlog levels and improving operational efficiency. Sustained backlog strength and stable near‑term revenue visibility. Drone backlog exceeded $150 million as of April 30, 2026, consistent with March 31, 2026 levels, providing strong visibility with the majority expected to convert to revenue over the next 12 months. First Quarter 2026 Financial Results

Revenue for the first quarter of 2026 was $8.9 million, compared to $11.8 million in the first quarter of 2025. The year-over-year decrease was in line with internal expectations and reflects normal seasonality, timing of customer shipments, and a higher mix of upgrade-related activity during the period.

Gross profit for the first quarter was $2.4 million, representing a gross margin of 26.6%, compared to $6.9 million and 58.8% in the prior-year period. The change in margin was primarily driven by product mix, with a greater contribution from lower-margin upgrade programs versus full system deliveries. The Company expects margins to improve over the balance of the year as drone deliveries resume as the primary revenue driver.

Operating loss for the quarter was $(17.2) million, compared to $(3.1) million in the first quarter of 2025. The increase in operating loss reflects lower revenue, higher cost of sales, and continued investment in engineering, production scaling, and public company infrastructure following the Company’s initial public offering (“IPO”).

Net loss for the first quarter was $(15.5) million, compared to $(2.0) million in the prior-year quarter, reflecting the same factors impacting operating performance.

EBITDA was $(14.3) million, compared to $2.7 million in the prior-year period. Adjusted EBITDA was $(12.8) million, compared to $0.1 million in the prior-year period, reflecting the impact of product mix dynamics and continued investments to support long-term growth.

As of March 31, 2026, cash totaled $54.2 million, with approximately $1.2 million in total debt, providing the Company with financial flexibility to support ongoing strategic initiatives.

Drone backlog totaled more than $150 million as of April 30, 2026, consistent with March 31, 2026. The Company expects the majority of this backlog to convert to revenue over the next 12 months, providing strong visibility into future growth. Management continues to view backlog conservatively and believes its expanding pipeline provides additional upside beyond current backlog levels.

EBITDA and Adjusted EBITDA are non-GAAP financial measures. See “Non-GAAP Financial Measures and Backlog” below for the definition of each non-GAAP financial measure and the tables that follow for a reconciliation of each of these non-GAAP measures to net (loss) income, the most comparable GAAP measure.

Outlook

The Company reiterates its full-year 2026 revenue growth expectations of 15% to 25% year over year. As of April 30, 2026, drone backlog exceeded $150 million, and the Company expects the majority of this to convert over the next 12 months.

Growth in 2026 is expected to be supported by increased drone system deliveries, expanded manufacturing capacity, continued international demand from NATO-aligned defense customers and progress across strategic partnerships and new platform development.

As is typical for businesses serving government and defense customers, revenue recognition may vary meaningfully across quarters depending on contract timing, production schedules and delivery milestones.

Additionally, the Company is introducing full-year 2026 Adjusted EBITDA guidance in the negative mid‑ to high‑teens dollar range, reflecting strategic investments across the business to drive organic growth.

Our financial outlook is based on assumptions that we believe to be reasonable as of the date of this release, but may be materially affected by many factors, as discussed below under “Forward Looking Statements.” Actual results may vary from the guidance and the variations may be material. We undertake no intent or obligation to publicly update or revise this outlook, whether as a result of new information, future events or otherwise, except as required by law.

AIRO is unable to include a reconciliation of forward-looking Adjusted EBITDA to net loss, the most directly comparable GAAP measure, without unreasonable effort due to the high variability with respect to the impact of items such as depreciation and amortization, stock-based compensation expense and other items that are excluded from Adjusted EBITDA.

Conference Call and Webcast

AIRO will host a conference call to discuss its first quarter 2026 results and business outlook on May 14, 2026, at 8:00 am ET. Participants can join the call by dialing 1 (800)-715-9871 (US) or 1 (646)-307-1963 (international) and enter the access code 7911023. To listen to the live audio webcast and Q&A, visit the Event & Presentations section of AIRO’s investor relations website at AIRO Group Holdings, Inc. - Events & Presentations, or by clicking on the link HERE. To avoid delays, it is recommended that participants dial into the conference call 15 minutes ahead of the scheduled start time.

A replay of the webcast will be available on the website within 24 hours after the call. The earnings press release and related materials will also be available on AIRO’s investor relations website at https://investor.theairogroup.com/.

About AIRO

AIRO Group Holdings is a next-generation aerospace and defense platform driving innovation across defense and commercial markets. Headquartered in McLean, VA, with operations in the U.S., Canada, and Denmark, AIRO combines a global reach with deep technical expertise.

Through a vertically integrated model, AIRO delivers mission-critical solutions centered on its drone platforms, leveraging advanced avionics, integrated training capabilities, and embedded autonomy across systems.

Forward-Looking Statements

The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release and include, but are not limited to, statements relating to AIRO’s expectations around its strategic initiatives and growth trajectory, statements relating to estimates and forecasts of financial and performance metrics, including full year 2026 outlook, the timing of Blue UAS certification and impact on procurement opportunities, the amount and timing of Drone backlog converting to revenue, anticipated product performance and capabilities, the optimization of its AIRO’s portfolio and evaluation of the strategic fit and long-term role of its Training segment, the sufficiency of AIRO’s cash and restricted cash to support ongoing strategic initiatives, the demand for, market acceptance of and opportunity of AIRO’s products and services, AIRO’s ability to enter into strategic partnerships and the impacts of such partnerships and other statements that are not historical fact. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, including those described in the section titled “Risk Factors” in AIRO’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”) on March 31, 2026 as well as other filings AIRO may make with the SEC in the future. Forward-looking statements represent AIRO’s management’s beliefs and assumptions only as of the date such statements are made. AIRO undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

Non-GAAP Financial Measures and Backlog

To supplement its condensed consolidated financial statements prepared and presented in accordance with GAAP, AIRO uses EBITDA, Adjusted EBITDA and Adjusted EBITDA margin, as described below, to facilitate analysis of its financial and business trends and for internal planning and forecasting purposes. AIRO defines (1) EBITDA as net loss before interest (income) expense, income tax (benefit) expense and depreciation and amortization, (2) Adjusted EBITDA as net loss before interest (income) expense, income tax (benefit) expense, depreciation and amortization, stock-based compensation and contingent consideration fair value adjustments and (3) Adjusted EBITDA margin as Adjusted EBITDA divided by revenue. The above items are excluded from EBITDA and Adjusted EBITDA because these items are either non-cash in nature, or because the amount and timing of these items is unpredictable, or because they are not driven by core results of operations, thereby rendering comparisons with prior periods and competitors less meaningful. AIRO believes EBITDA, Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors and others in understanding and evaluating its results of operations, as well as provides useful measures for period-to-period comparisons of its business performance. Moreover, Adjusted EBITDA is a key measurement used by AIRO management internally to make operating decisions, including those related to analyzing operating expenses, evaluating performance and performing strategic planning and annual budgeting.

There are limitations associated with the use of non-GAAP financial measures. These non-GAAP financial measures should not be considered as alternatives to performance measures derived in accordance with GAAP. AIRO’s presentation of these non-GAAP financial measures should not be construed to imply that its future results will be unaffected by items that are excluded from these metrics. In addition, AIRO’s definitions of these non-GAAP financial measures may be different from similarly titled non-GAAP measures used by other companies. These non-GAAP financial measures have limitations as an analytical tool and you should not consider any of these non-GAAP financial measures in isolation or as a substitute for analysis of our results as reported under GAAP. See the tables that follow for a reconciliation of EBITDA and Adjusted EBITDA to net income (loss) and Adjusted EBITDA Margin to net income (loss) margin, the most directly comparable financial measures stated in accordance with GAAP.

Drones segment backlog represents unfilled orders for which we have purchase orders or other definitive agreements with customers outside of the United States, as well as orders for which NATO countries have allocated funds but for which no definitive agreement has been executed but is expected once through the administrative process, in each case against which we expect to perform and recognize the majority of revenue in the next 12 months. Drones segment backlog amount was translated to U.S. dollars using applicable exchange rates as of market close on April 30, 2026, and may increase or decrease based on fluctuations in foreign exchange rates.

AIRO Group Holdings, Inc.

Consolidated Balance Sheets

(unaudited)

  (Amounts in thousands)

March 31, 2026

December 31, 2025

ASSETS

Current assets:

Cash

$

54,227

$

74,358

Restricted cash

189

193

Accounts receivable, net

8,098

12,385

Related party receivables

74

393

Inventory

22,507

11,639

Prepaid expenses and other current assets

9,513

7,508

Total current assets

94,608

106,476

Property and equipment, net

9,917

8,986

Right-of-use operating lease assets

3,032

3,278

Goodwill

569,284

571,653

Intangible assets, net

82,064

83,487

Other assets

210

259

Total assets

$

759,115

$

774,139

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

10,661

$

6,599

Related party payables

7,807

8,892

Accrued expenses

8,475

7,624

Operating lease liabilities, current

887

902

Deferred revenue

3,557

4,497

Related party borrowings

5

1,161

Current maturities of debt

740

1,190

Total current liabilities

32,132

30,865

Long-term debt, net of current maturities

500

500

Deferred tax liability

1,046

1,046

Long-term deferred revenue

16

8

Operating lease liabilities, noncurrent

2,224

2,478

Other long-term liabilities

800

50

Total liabilities

36,718

34,947

Stockholders’ equity:

Common stock

-

-

Additional paid-in capital

964,524

963,022

Treasury shares

(21,220

)

(21,220

)

Accumulated other comprehensive income

5,103

7,947

Accumulated deficit

(226,010

)

(210,557

)

Total stockholders’ equity

722,397

739,192

Total liabilities and stockholders’ equity

$

759,115

$

774,139

AIRO Group Holdings, Inc.

Consolidated Statements of Operations

(unaudited)

  Three months ended March 31,

(Amounts in thousands, except per share amounts)

2026

2025

Revenue

$

8,901

$

11,795

Cost of revenue

6,536

4,862

Gross profit

2,365

6,933

Operating expenses:

Research and development

6,704

3,666

Sales and marketing

1,977

1,433

General and administrative

10,842

4,915

Total operating expenses

19,523

10,014

Loss from operations

(17,158

)

(3,081

)

Other income (expense):

Interest income (expense), net

376

(1,267

)

Other (expense) income, net

(316

)

2,662

Total other income (expense)

60

1,395

Loss before income tax benefit (expense)

(17,098

)

(1,686

)

Income tax benefit (expense)

1,645

(287

)

Net loss

$

(15,453

)

$

(1,973

)

Net loss per share – basic and diluted

$

(0.49

)

$

(0.12

)

Weighted-average number of shares of common stock used in computing net loss per share, basic and diluted

31,395

16,387

AIRO Group Holdings, Inc.

Non-GAAP Reconciliations

(UNAUDITED)

  Three Months
Ended March 31,

(in thousands, except percentages)

2026

2025

Net loss

$

(15,453

)

$

(1,973

)

Depreciation and amortization

3,130

3,138

Income tax (benefit) expense

(1,645

)

287

Interest (income) expense, net

(376

)

1,267

EBITDA

(14,344

)

2,719

Stock-based compensation

1,502

125

Contingent consideration fair value adjustments

-

(2,738

)

Adjusted EBITDA

$

(12,842

)

$

106

Net loss margin

(173.6

)%

(16.7

)%

Adjusted EBITDA margin

N.m.

0.9

%

  N.m. – Not meaningful

More News From AIRO Group Holdings, Inc.

AIRO Group Holdings, Inc. (AIRO) Q1 2026 Earnings Call Transcript

AIRO Group is transforming into a pure-play defense drone company as military demand accelerates across NATO and U.S. markets. The company holds a backlog exceeding $150 million, nearly double annual revenue, creating significant future revenue visibility. Blue UAS certification could unlock U.S. Department of Defense procurement channels and materially expand AIRO's addressable market.