AIRO Group Holdings, Inc. (AIRO) Key Metrics
AIRO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $167.2M
- Enterprise value
- $210.2M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 1.6
- Price / book
- 0.3
- EV / EBITDA
- 6.3
- Dividend yield
- —
- Beta
- —
AIRO key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAIRO returns How much profit the business earns on the capital it uses.
AIRO per-share figures Results divided by the shares outstanding at year-end.
AIRO financial health Debt, liquidity and how easily interest is covered.
AIRO efficiency & capital use Working capital cycle and where the cash goes.
AIRO valuation history
AIRO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AIRO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AIRO cash returned to shareholders
AIRO price vs earnings per share
AIRO key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $193.7M | — | — | — | — | — |
| Enterprise value | $125.6M | — | — | — | — | — |
| Price / sales | 2.1 | — | — | — | — | — |
| Price / book | 0.3 | — | — | — | — | — |
| EV / sales | 1.4 | — | — | — | — | — |
| EV / EBITDA | 5.0 | — | — | — | — | — |
| Earnings yield | −2.1% | — | — | — | — | — |
| Free cash flow yield | −18.3% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 10.0% | — | — | — | — | — |
| Share price at fiscal year-end | $8.18 | — | — | — | — | — |
| Per share | ||||||
| Revenue per share | $3.84 | $3.49 | $1.74 | $0.69 | $0.47 | $0.00 |
| Earnings per share | −$0.17 | −$1.55 | −$1.30 | −$1.03 | −$0.82 | −$0.03 |
| Operating cash flow per share | −$1.37 | $0.86 | $0.89 | −$0.21 | −$0.02 | — |
| Free cash flow per share | −$1.50 | $0.83 | $0.85 | −$0.22 | −$0.02 | — |
| Cash per share | $3.14 | $0.83 | $0.17 | $0.02 | $0.00 | $0.00 |
| Book value per share | $31.22 | $22.05 | $23.93 | $25.03 | −$4.27 | −$3.27 |
| Tangible book value per share | $3.55 | −$4.11 | −$4.51 | −$3.72 | −$4.40 | −$3.43 |
| Capex per share | $0.13 | $0.03 | $0.03 | $0.00 | $0.00 | — |
| Debt per share | $0.26 | $1.97 | $1.24 | $1.23 | $1.34 | $1.16 |
| Shares outstanding | 23.7M | 24.9M | 24.9M | 24.9M | 24.9M | 26.2M |
| Change in shares outstanding | −4.9% | 0.0% | 0.0% | 0.0% | −4.9% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −0.6% | −6.8% | −5.3% | −9.9% | — | — |
| Return on invested capital (ROIC) | −2.3% | −2.3% | −1.2% | −7.4% | — | — |
| Return on assets (ROA) | −0.6% | −5.4% | −4.4% | −6.9% | −197.5% | −8.0% |
| Return on tangible assets | −3.4% | −77.4% | −108.7% | −143.2% | −310.2% | −12.8% |
| Free cash flow margin | −39.1% | 23.8% | 49.2% | −31.6% | −4.9% | — |
| Financial health | ||||||
| Total debt | $6.2M | $49.0M | $31.0M | $30.7M | $33.3M | $30.4M |
| Cash & short-term investments | $74.4M | $20.7M | $4.1M | $605,154 | $13,622 | $82,514 |
| Net debt | −$68.1M | $28.2M | $26.8M | $30.1M | $33.3M | $30.3M |
| Debt / equity | 0.01 | 0.09 | 0.05 | 0.05 | — | — |
| Debt / assets | 0.01 | 0.07 | 0.04 | 0.04 | 3.41 | 2.76 |
| Net debt / EBITDA | −2.69 | — | — | — | — | — |
| Current ratio | 3.45 | 0.44 | 0.22 | 0.21 | 1.19 | 1.34 |
| Quick ratio | 3.07 | 0.35 | 0.19 | 0.14 | 0.42 | 0.45 |
| Interest coverage | -2.9 | -1.2 | -4.6 | -7.5 | -0.8 | — |
| Working capital | $75.6M | −$54.0M | −$66.4M | −$21.5M | $1.0M | $1.6M |
| Invested capital | $671.1M | $576.9M | $622.3M | $653.1M | −$72.9M | −$55.3M |
| Tangible asset value | $84.1M | −$102.3M | −$112.2M | −$92.5M | −$109.4M | −$89.7M |
| Net current asset value | $71.5M | −$109.7M | −$122.9M | −$104.5M | −$109.7M | −$90.1M |
| Graham net-net per share | $2.33 | −$4.79 | −$5.42 | −$4.30 | −$4.54 | −$3.56 |
| Capital allocation | ||||||
| Share buybacks (net) | $19.4M | $0 | — | — | — | — |
| Dividends + buybacks / free cash flow | — | 0.0% | — | — | — | — |
| Capex / revenue | 3.4% | 0.9% | 1.9% | 0.5% | 0.3% | — |
| Capex / operating cash flow | — | 3.7% | 3.8% | — | — | — |
| Capex / depreciation | 0.24 | 0.06 | 0.06 | 0.01 | 0.04 | — |
| Stock-based compensation / revenue | 21.9% | 0.8% | 4.2% | 16.7% | 0.0% | — |
| R&D / revenue | 19.7% | 15.1% | 27.4% | 54.4% | 9.8% | — |
| SG&A / revenue | 71.8% | 28.3% | 53.1% | 127.8% | 41.6% | — |
| Efficiency | ||||||
| Days sales outstanding | 47.8 | 26.5 | 18.5 | 37.4 | 44.9 | — |
| Days of inventory on hand | 102.3 | 74.5 | 50.0 | 87.4 | 183.0 | — |
| Days payables outstanding | 115.2 | 214.7 | 276.2 | 172.9 | 67.8 | — |
| Cash conversion cycle (days) | 34.9 | -113.6 | -207.7 | -48.1 | 160.0 | — |
| Receivables turnover | 7.64 | 13.75 | 19.72 | 9.76 | 8.13 | 0.00 |
| Payables turnover | 3.17 | 1.70 | 1.32 | 2.11 | 5.38 | — |
| Inventory turnover | 3.57 | 4.90 | 7.31 | 4.18 | 1.99 | — |
| Asset turnover | 0.12 | 0.12 | 0.06 | 0.05 | 1.13 | 0.00 |
| Average receivables | $11.9M | $6.3M | $2.2M | $1.8M | $1.4M | $1.5M |
| Average payables | $11.5M | $16.8M | $13.9M | $6.1M | $1.5M | $1.3M |
| Average inventory | $10.2M | $5.8M | $2.5M | $3.1M | $4.2M | $4.3M |
| Intangibles / total assets | 84.6% | 92.9% | 96.0% | 97.6% | 32.3% | 37.6% |
Computed from AIRO's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AIRO valuation and financial ratios
AIRO earned a return on equity of −0.6% and a return on invested capital of −2.3% in fiscal 2025. It ended the year with $6.2 million of debt and $74.4 million in cash and short-term investments, a net cash position of $68.1 million. It returned $19.4 million to shareholders: $0 in dividends and $19.4 million in share buybacks. The share count fell 9.5% from 26.2M to 23.7M over 5 years.
See the AIRO income statement, the AIRO chart for price history, or the AIRO stock overview for the latest quote and news.
AIRO key metrics FAQ
What is AIRO's EV/EBITDA?
AIRO's enterprise value was 5.0 times EBITDA at the end of fiscal 2025 (enterprise value $125.6 million, EBITDA $25.3 million); the current EV/EBITDA is 6.3.
What is AIRO's return on equity?
AIRO's return on equity (ROE) was −0.6% in fiscal 2025: net income of -$4.1 million on average shareholders' equity of $644.0 million.
What is AIRO's ROIC?
AIRO's return on invested capital was −2.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AIRO have?
AIRO had total debt of $6.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
Does AIRO buy back its shares?
Yes. AIRO spent $19.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.9% over the year, to 23.7M..
What is AIRO's free cash flow yield?
AIRO generated -$35.5 million of free cash flow in fiscal 2025, a free cash flow yield of −18.3% on its market value at year-end ($193.7 million).
What is AIRO's current ratio?
AIRO's current ratio was 3.45 at the end of fiscal 2025: current assets were 3.45 times current liabilities.