Is AIRO Group Holdings going out of business?

AIRO Group Holdings, Inc. (AIRO) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

AIRO Group Holdings, Inc. (AIRO) scores 23 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 80.19% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Fragile

7-11 mo of estimated runway from 2026-06-30, based on $26.0M of cash and short-term investments against $35.5M of annual burn. Adjusted shares outstanding increased 80.2% over the comparison year.

Business quality - Poor

-31.6% operating margin and -39.1% FCF margin produce a poor Business Quality assessment.

Trajectory - Deteriorating

Revenue improved 4.6%; operating margin weakened 11.6pp; FCF margin weakened 62.9pp.

Valuation - Extreme expectations

-15.5% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• Shares dilution YoY: 80.19% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: No financial debt (debt-free)
• ROE quality: -0.57%
• ROIC: -2.10%
• Interest coverage: -2.3x
• FCF margin: -39.06%
• Gross margin (industrial): 59.86%
• R&D intensity: 20.25%
• Revenue growth YoY: 75.89% (Industrial YoY) - Growth from a low base; sustainability uncertain.
• Return on Assets: -0.54%
• Cash Burn Deceleration: 43.66% QoQ improvement (Rapid improvement)
• Revenue per Asset Efficiency: 386.44% QoQ (Strong monetization)

Read from filings through 2026-08-13.

Price as of 2026-09-11.