AIRO Group - Public Comps and Valuation Multiples

AIRO Group Overview

About AIRO Group

AIRO Group Holdings Inc is an aerospace, autonomy, and air mobility platform targeting aerospace and defense opportunities. The company is organized into four operating segments: Drones, which derive maximum revenue, Avionics, Training, and Electric Air Mobility. The Drones segment develops, manufactures, and sells drones. The Avionics segment develops, manufactures, and sells avionics for military and general aviation aircraft, drones, and electric vertical takeoff and landing (eVTOL) aircraft. The Training segment provides military pilot training, and the Electric Air Mobility segment is developing a rotorcraft eVTOL for cargo and passenger use for fixed route flights, on-demand trips, and cargo operations. Geographically, it generates maximum revenue from the United States.

Founded

2021

HQ

Employees

119

Website

theairogroup.com

Sectors

Defense Systems

Financials

LTM Revenue $95.1M

LTM EBITDA $11.6M

EV

$187M

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AIRO Group Financials

As of December 2025, AIRO Group reported last 12-month revenue of $95.1M and EBITDA of $11.6M.

In the same period, AIRO Group generated $61.9M in LTM gross profit and -$0.9M in net income.

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AIRO Group P&L

In the most recent fiscal year, AIRO Group reported revenue of $86.9M and EBITDA of -$2.3M.

AIRO Group expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	$95.1M	XXX	$86.9M	XXX	XXX	XXX
Gross Profit	$61.9M	XXX	$58.3M	XXX	XXX	XXX
Gross Margin	65%	XXX	67%	XXX	XXX	XXX
EBITDA	$11.6M	XXX	-$2.3M	XXX	XXX	XXX
EBITDA Margin	12%	XXX	-3%	XXX	XXX	XXX
EBIT	-$23.7M	XXX	$20.6M	XXX	XXX	XXX
EBIT Margin	-25%	XXX	24%	XXX	XXX	XXX
Net Profit	-$0.9M	XXX	-$38.7M	XXX	XXX	XXX
Net Margin	-1%	XXX	-45%	XXX	XXX	XXX
Net Debt	XXX	XXX	$27.9M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for AIRO Group including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $95.1M. EBITDA for the last twelve months was $11.6M. In the most recent fiscal year, AIRO Group achieved $86.9M in revenue and -$2.3M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	$95.1M	Analyst estimates available to subscribers	$86.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$61.9M	Analyst estimates available to subscribers	$58.3M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	65.1% gross margin	Analyst estimates available to subscribers	67.1% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$11.6M	Analyst estimates available to subscribers	-$2.3M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	12.2% EBITDA margin	Analyst estimates available to subscribers	-2.6% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$23.7M	Analyst estimates available to subscribers	$20.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-25.0% EBIT margin	Analyst estimates available to subscribers	23.7% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$0.9M	Analyst estimates available to subscribers	-$38.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-0.9% net profit margin	Analyst estimates available to subscribers	-44.5% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$27.9M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for AIRO Group

This financial data table provides comprehensive performance metrics for AIRO Group, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

AIRO Group generated $95.1M in revenue over the last twelve months.
The company achieved $11.6M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $61.9M.
Net income over the last twelve months reached -$0.9M.

Fiscal Year Performance

In the most recent fiscal year, AIRO Group reported $86.9M in total revenue.
Fiscal year EBITDA was -$2.3M.
The company maintained a gross profit margin of 67.1% in the most recent fiscal year.
EBITDA margin for the fiscal year was -2.6%.
Net profit margin reached -44.5% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for AIRO Group. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

AIRO Group Stock Performance

AIRO Group has current market cap of $256M, and EV of $187M.

Market Cap Evolution

AIRO Group Stock Data

As of January 2, 2026, AIRO Group's stock price is $8.

See AIRO Group trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$187M	$256M	XXX	XXX	XXX	XXX	$-0.04

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AIRO Group Valuation Multiples

AIRO Group's trades at 2.0x EV/Revenue multiple, and 16.2x EV/EBITDA.

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AIRO Group Financial Valuation Multiples

As of January 2, 2026, AIRO Group has market cap of $256M and EV of $187M.

Equity research analysts estimate AIRO Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

AIRO Group has a P/E ratio of -290.1x.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$256M	XXX	$256M	XXX	XXX	XXX
EV (current)	$187M	XXX	$187M	XXX	XXX	XXX
EV/Revenue	2.0x	XXX	2.0x	XXX	XXX	XXX
EV/EBITDA	16.2x	XXX	16.2x	XXX	XXX	XXX
EV/EBIT	-7.9x	XXX	-7.8x	XXX	XXX	XXX
EV/Gross Profit	3.0x	XXX	n/a	XXX	XXX	XXX
P/E	-290.1x	XXX	-321.8x	XXX	XXX	XXX
EV/FCF	-5.2x	XXX	-5.2x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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AIRO Group Margins & Growth Rates

AIRO Group's last 12 month revenue growth is 41%

AIRO Group's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.

AIRO Group's rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

AIRO Group's rule of X is 115% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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AIRO Group Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	41%	XXX	46%	XXX	XXX	XXX
EBITDA Margin	12%	XXX	12%	XXX	XXX	XXX
EBITDA Growth	33%	XXX	n/a	XXX	XXX	XXX
Rule of 40	7%	XXX	53%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	115%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.7M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	7%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	15%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	43%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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