AIRO Group Holdings, Inc. (NASDAQ:AIRO) reported fourth-quarter results on Tuesday that showed break-even earnings, missing analyst expectations by $0.25 per share.
Following the announcement, the company’s shares fell 13.65% in pre-market trading.
The aerospace and defense technology firm posted quarterly revenue of $48.3 million, representing a 21.6% increase from $39.7 million in the same period last year.
The revenue growth was supported by ongoing demand for the company’s drone systems and deliveries tied to enhanced capabilities of the RQ-35 Heidrun platform. The company also noted that around $20 million in revenue was shifted into the fourth quarter from the third quarter.
For the full year 2025, AIRO reported revenue of $90.9 million, up from $86.9 million in 2024, reflecting year-over-year growth of 4.6%.
The company posted a net loss of $4.1 million for the year, an improvement from the $38.7 million net loss recorded in 2024. However, fourth-quarter adjusted EBITDA declined to $8.9 million, compared with $19.2 million in the same quarter of the previous year.
“2025 was a defining year for AIRO as we executed across our platform and advanced a number of key operational milestones,” said Joe Burns, Chief Executive Officer. “We delivered full-year revenue growth, expanded our U.S. manufacturing capabilities, and advanced toward Blue UAS certification.”
Looking ahead, the company issued 2026 revenue guidance calling for growth of 15% to 25% year-over-year, with the midpoint implying approximately $109 million in revenue.
AIRO said its drone segment backlog totaled about $150 million as of March 31, 2026, with significant conversion expected during the year.
The company ended 2025 with $74.4 million in cash, compared with $20.7 million at the end of the prior year.