AIRO reports triple-digit revenue growth in Q3

AIRO Group Holdings (NASDAQ:AIRO) reported third-quarter 2026 revenue of $17.5 million, up 179% from $6.3 million a year earlier, while its net loss widened to $12.0 million from $8 million.

Gross profit increased 255% to $9.9 million, lifting gross margin to 57% from 44%, helped by higher-volume drone sales and improved manufacturing efficiency.

Operating loss widened to $13.1 million from $12 million, while the adjusted EBITDA loss narrowed to $7.5 million from $8 million as higher operating expenses offset part of the revenue growth.

Following the announcement, AIRO shares traded at approximately $5.50, down 1.79% on November 12, 2026.

AIRO held $37.8 million in cash and $1.2 million in debt at September 30, 2026, while collecting $29.6 million in receivables during the quarter.

As of November 5, AIRO reported $200 million in drone backlog and a separate $1.5 billion opportunity pipeline, with management expecting most backlog to convert within 12 months and 2026 revenue growth to reach the lower end of its 15%–25% forecast.