AIRO 8-K SEC Filing Analysis

Latest settled — T+5d

AIRO ▼ -5.37% at T+5d

SHORT call ✓ call won +5.37% · α vs SPY +4.65% · entry $6.62 → $6.26

Next anchor: T+20d due yesterday

Currently $8.03 · -21.39% from $6.62 entry (call sign-flipped)

Entry anchored
May 13, 03:59 PM ET
via Databento tick

T+1d

-3.70%

call +3.70% · α +2.48%

$6.37

settled 29d ago

T+5d

-5.37%

call +5.37% · α +4.65%

$6.26

settled 23d ago

T+20d

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call — · α —

—

due yesterday

T+60d

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call — · α —

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in 8w

Price Chart

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Executive Summary

AIRO reported Q1 2026 revenue of $8.9M, down 24.6% YoY, with gross margin halving to 26.6%. Net loss widened to $(15.5)M from $(2.0)M, driven by product mix shift to lower-margin upgrades and continued investment. Management reiterated full-year 2026 revenue growth guidance of 15-25% and introduced negative Adjusted EBITDA guidance, but the significant quarterly miss and cash burn are concerning.

Key Financial Metrics

Guidance

15% to 25% YoY growth (implicit FY2026 revenue ~$104.5M-$113.6M)

maintained

Gross Margin

26.59%

Actionable Insight

The sharp revenue drop and widening losses cast doubt on the company's ability to achieve its 15-25% growth guidance. Traders should monitor Q2 2026 results for signs of backlog conversion and margin recovery. Cash burn rate suggests potential need for additional capital within 12 months if losses persist.

Key Facts

Revenue declined 24.6% YoY to $8.9M (Q1 2025: $11.8M)
Gross margin fell to 26.6% from 58.8% a year ago
Operating loss expanded to $(17.2)M from $(3.1)M
Net loss per share worsened to $(0.49) from $(0.12)
Cash balance dropped to $54.2M from $74.4M in three months (burn ~$20M)
Drone backlog exceeded $150M as of April 30, 2026
Reiterated FY2026 revenue growth guidance of 15-25%
Introduced FY2026 Adjusted EBITDA guidance of negative mid- to high-teens $M

Financial Impact

Revenue decline of $2.9M YoY and net loss increase of $13.5M YoY

revenuegross marginoperating lossnet loss

Risk Factors

Revenue seasonality could persist, making full-year guidance challenging
Cash burn of ~$20M in a quarter leaves limited runway ($54.2M cash)
Margin compression from product mix shift to lower-margin upgrades
NATO funding delays or production bottlenecks could slow backlog conversion

Market Snapshot

Exchange

Nasdaq

Sector

Aircraft

Analyst Consensus

78% bullish (9 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001493152-26-022859
Document: form8-k.htm	0001493152-26-022859
Document: 0001493152-26-022859-index-headers.html	0001493152-26-022859
Document: 0001493152-26-022859-index.html	0001493152-26-022859
Document: 0001493152-26-022859.txt	0001493152-26-022859
8-K Data (Synthetic)	0001493152-26-022859

4 reports for AIRO

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for AIRO — sortable, filterable
	Type				Now
May 14, 2026 4w ago	8-K BEARISH ★ 6/10	$6.62 $6.26	▲ +5.37%	▲ +4.65%	$8.03 (−21.39%)
Apr 21, 2026 7w ago	DEFA14A NEUTRAL ★ 3/10	$8.40 $7.96	▼ −5.24%	▼ −6.32%	$8.03 (−4.40%)
Mar 31, 2026 10w ago	8-K BULLISH ★ 8/10	$7.61 $8.82	▲ +15.98%	▲ +12.03%	$8.03 (+5.59%)
Mar 12, 2026 13w ago	Insider Cluster NEUTRAL ★ 3/10	$10.17 $9.96	▼ −2.06%	▼ −1.09%	$8.03 (−21.04%)

US Market Status

Market Closed — Opens Mon (48h 48m)

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