AIRO Group Holdings, Inc. operates in four segments: Drones, Avionics, Training, and Electric Air Mobility, targeting a combined addressable market over $315.4 billion by 2030. Net loss decreased substantially from $38.7 million in 2024 to $4.1 million in 2025. Total revenue increased by $4.0 million (4.6%) to $90.9 million in 2025, driven by growth in Drones and Training segments. Gross profit decreased by $3.9 million (6.7%) to $54.4 million in 2025, with gross margin declining from 67.1% to 59.9%. Operating expenses increased by $7.4 million (9.8%) to $83.2 million in 2025, primarily due to a $40.4 million rise in general and administrative costs, partially offset by the absence of a $38.0 million goodwill impairment recorded in 2024. The company completed an Initial Public Offering (IPO) on June 16, 2025, raising $58.3 million net proceeds. A Follow-on Offering closed on September 12, 2025, generating $82.6 million in net proceeds. Cash and restricted cash significantly increased to $74.6 million as of December 31, 2025, from $20.9 million in 2024. Identified material weaknesses in internal control over financial reporting for both 2024 and 2025, attributed to ineffective information and communication controls and insufficient accounting personnel. The Drones segment reported a backlog of approximately $150 million as of March 31, 2026.