AIROAIRO Group Holdings, Inc.
Is AIRO Group Holdings struggling financially?
Yes, by its own account. AIRO Group Holdings told the SEC on 14 Nov 2025, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.
Going concern disclosed Nov 2025
30/100
Fragile
- Sector
- Industrial/Cyclical
- Market cap
- $271.4M
- Source filing
- 10-Q 14 Nov 2025
- Balance sheet
- 30 Jun 2026
Cash runway
-
7months
If the burn speeds up
Empty by Jan 2027
-
11months
If it eases off
Empty by May 2027
Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.
Out of cashTwo years or more
The runway math
Cash and short-term investments
$26.0M
÷
Cash burned over the last 12 months
$35.5M
What AIRO Group Holdings told the SEC
…in the normal course of business. As of March 31, 2025, the Company had incurred recurring losses from operations and negative cash flows, which raised substantial doubt about its ability to continue as a going concern. On June 16, 2025, the Company completed its IPO of common stock, which resulted in net proceeds of $ 58.3 million after deducting underwriting discounts and commissions and issuance…
AIRO Group Holdings, Inc., Form 10-Q, filed 14 Nov 2025.
Read the filing on SEC.govWhat this means
- Not a bankruptcy filing, and not a prediction.
- It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
- The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.
What else the numbers show
- 80.2% share-count increase The company issued stock. Each share now owns 44.5% less of the business than a year ago, before any change in the price.
Other Industrial/Cyclical companies that filed the doubt
- LODE Comstock $267.5M
- SEV Aptera Motors $100.1M
- LNZA LanzaTech Global $81.8M
- XXII 22nd Century Group $2.7M
- PCT PureCycle Technologies $1.4B
- SENS Senseonics Holdings $513.4M