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Airo Group Holdings (AIRO) Q3 FY2026 earnings: revenue $18 million, up 178.7% on the year

Airo Group Holdings, Inc. (AIRO) reported revenue of $18 million for Q3 FY2026, the quarter ended 30 September 2026, up 178.7% on the same quarter a year earlier. Net income was -$12 million, and diluted earnings per share $-0.38. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.

Revenue
$18 million
+178.7% on the year · -59.4% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
-75.0%
-190.7% a year earlier
Q3 FY2024Q3 FY2026
Net income
-$12 million
Q3 FY2024Q3 FY2026
Diluted EPS
-$0.38
Q3 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 1 kept.

  • Revenue up 179% year over year: Revenue was $17.5 million, compared with $6.3 million a year earlier. Nine-month revenue was $69.6 million, against $42.6 million.
  • Net loss widened to $12.0 million: Net loss was $12.0 million, or $0.38 per share, against $8.0 million, or $0.28 per share. Nine-month net loss was $29.4 million.
  • Adjusted EBITDA loss narrowed slightly: Adjusted EBITDA was $(7.5) million, against $(8.0) million a year earlier. Nine-month Adjusted EBITDA was $(13.6) million.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue17.543.26.3-59.4%+178.7%
Cost of revenue7.615.53.5-50.8%+118.0%
Gross profit9.927.72.8-64.3%+254.6%
Gross margin56.5%64.1%44.4%
Research and development7.97.64.1+4.6%+92.2%
Operating income-13.11.7-12.0
Operating margin-75.0%3.8%-190.7%
Pre-tax income-12.02.1-8.6
Income tax-0.04.1-0.6
Effective tax raten/a196.4%n/a
Net income-12.0-2.0-8.0
Net margin-68.5%-4.6%-126.7%
Diluted EPS-$0.38-$0.06-$0.28
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow21.6-31.3-5.8
Capital expenditure2.62.40.9+5.6%+173.5%
Free cash flow19.0-33.8-6.7
Free cash flow margin108.7%-78.2%-106.7%
Cash from investing-2.6-2.4-0.9
Cash from financing-5.94.747.8
Depreciation and amortisation2.62.62.6+0.6%+2.3%
Share-based compensation1.31.11.1+18.8%+20.1%
Diluted shares, weighted32m31m28m+0.6%+12.1%
Shares outstanding at period end32m32m31m+1.0%+1.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity708720740-1.7%-4.3%
Short-term borrowingsn/an/a5.6
Debt1.26.85.1-82.9%-77.2%
Operating lease liabilities2.62.11.7+24.5%+51.8%
Other liabilities30.128.022.6+7.4%+33.2%
Total liabilities and equity742757775-2.0%-4.2%
Fixed assets13.711.87.9+15.7%+72.0%
Goodwill567568572-0.1%-0.7%
Intangible assets76.879.486.1-3.3%-10.8%
Cash and equivalents37.826.083.7+45.4%-54.8%
Inventory18.414.516.2+26.6%+13.4%
Other assets27.657.19.1-51.6%+202.9%
Total assets742757775-2.0%-4.2%

Questions

What was Airo Group Holdings' revenue in Q3 FY2026?

Airo Group Holdings (AIRO) reported revenue of $18 million for Q3 FY2026, the quarter ended 30 September 2026, up 178.7% on the same quarter a year earlier.

How much did Airo Group Holdings earn in Q3 FY2026?

Net loss for Q3 FY2026 was $12 million, and the diluted loss per share $0.38.

When did Airo Group Holdings report Q3 FY2026 results?

Airo Group Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.

Quarterly results, the last 9 quarters

Q2 FY2024Q3 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue9.823.711.824.66.348.38.943.217.5
Cost of revenue4.07.44.99.53.518.66.515.57.6
Gross profit5.816.36.915.02.829.72.427.79.9
Gross margin59%69%59%61%44%61%27%64%57%
R&D3.23.33.74.14.16.06.77.67.9
Operating income-2.7-30.4-3.1-19.7-12.06.0-17.21.7-13.1
Operating margin-28%-128%-26%-80%-191%12%-193%4%-75%
Interest expensen/an/an/a3.9n/an/an/an/an/a
Pre-tax income-5.2-27.9-1.77.9-8.65.3-17.12.1-12.0
Tax raten/an/an/a26%n/a101%n/a196%n/a
Net income-5.6-30.3-2.05.9-8.0-0.0-15.5-2.0-12.0
Net margin-57%-128%-17%24%-127%-0%-174%-5%-69%
Diluted EPS-$0.34-$1.85-$0.12$0.30-$0.28n/a-$0.49-$0.06-$0.38
Operating cash flown/a5.4-9.8-21.0-5.84.1-17.4-31.321.6
Capital expendituren/a0.10.30.70.91.12.12.42.6
Free cash flown/a5.3-10.1-21.7-6.73.0-19.5-33.819.0
Shares outstanding27m31m31m27m31m31m31m32m32m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 12 November 2026: the filing.