AIRO Group Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	90.91	86.94	43.25	17.08
Revenue Growth (YoY)	4.57%	100.99%	153.23%	-
Cost of Revenue	36.49	28.62	18.34	12.95
Gross Profit	54.42	58.32	24.91	4.13
Selling, General & Admin	65.26	24.62	22.98	21.83
Research & Development	17.92	13.13	11.87	9.3
Operating Expenses	83.18	37.76	34.85	31.13
Operating Income	-28.77	20.56	-9.93	-27
Interest Expense	-0.69	-2.56	-1.7	-3.62
Interest & Investment Income	0.34	0.27	0.26	-
Other Non Operating Income (Expenses)	-3.77	-1.71	-0.77	-0
EBT Excluding Unusual Items	-32.89	16.57	-12.15	-30.61
Impairment of Goodwill	-	-37.99	-	-
Other Unusual Items	35.83	-8.06	-18.01	-6.15
Pretax Income	2.94	-29.49	-30.16	-36.76
Income Tax Expense	7.04	9.21	2.29	-11.21
Net Income	-4.1	-38.69	-32.46	-25.55
Net Income to Common	-4.1	-38.69	-32.46	-25.55
Shares Outstanding (Basic)	24	16	16	12
Shares Outstanding (Diluted)	24	16	16	12
Shares Change (YoY)	44.49%	-0.00%	33.95%	-
EPS (Basic)	-0.17	-2.36	-1.98	-2.09
EPS (Diluted)	-0.17	-2.36	-1.98	-2.09
Free Cash Flow	-35.51	20.7	21.27	-5.41
Free Cash Flow Per Share	-1.50	1.26	1.30	-0.44
Gross Margin	59.86%	67.08%	57.60%	24.16%
Operating Margin	-31.64%	23.65%	-22.96%	-158.06%
Profit Margin	-4.52%	-44.51%	-75.04%	-149.59%
Free Cash Flow Margin	-39.06%	23.81%	49.18%	-31.64%
EBITDA	-16.76	33.2	2.8	-17.44
EBITDA Margin	-18.43%	38.19%	6.47%	-102.10%
D&A For EBITDA	12.01	12.64	12.73	9.56
EBIT	-28.77	20.56	-9.93	-27
EBIT Margin	-31.64%	23.65%	-22.96%	-158.06%
Effective Tax Rate	239.64%	-	-	-
Advertising Expenses	-	-	0.1	0.2

Source: S&P Capital IQ. Standard template. Financial Sources.