Airo Group Holdings, Inc. · NASDAQ:AIRO
Airo — Q2 2026 Earnings Presentation
14 slides from Airo's earnings presentation, Aug 13, 2026
Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation August 13, 2026
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Forward-Looking Statements This presentation and accompanying statements contain forward-looking statements that are subject to risks and uncertainties. All statements contained in this presentation and the accompanying oral commentary, other than statements
Slide 3: From Platform Build to Operational Execution
From Platform Build to Operational Execution Continued focus on the transition from platform development to operational execution > > > > > > Progressing development Received Blue UAS Expanding U.S. production Continuing to evaluate $56 million of cash as of of new drone platforms certification for
Slide 4: On Plan. On Target. Building a Scalable Defense Platform.
On Plan. On Target. Building a Scalable Defense Platform. Key Q2 2026 Highlights ✓ Received Blue UAS certification for RQ-35, accelerating ability to compete for and secure U.S. defense contracts ✓ Unveiled complementary RQ-70 platform as well as JC250 and JX250 drone aircraft, sharpening focus on t
Slide 5: Financial Review
Financial Review Q2 2026 Earnings Presentation
Slide 6: Q2 2026 Key Financial Results
Q2 2026 Key Financial Results Three Months Ended June 30, • Revenue of $43.2M, which was ahead of ($ in M) 2026 2025 expectations, driven by outperformance versus expectations in the drone segment Revenue $43.2 $24.6 • Gross profit margin increase primarily driven by favorable product mix shift towa
Slide 7: Revenue Mix by Segment
Revenue Mix by Segment Quarterly Revenue by Segment • In Drones, resumed system deliveries in Q2, driving segment outperformance and sequential growth $48.3 ‒ Achieved Blue UAS certification for RQ-35, 1.6 $43.2 expanding access to U.S. government and $39.7 1.4 defense procurement opportunities 1.4
Slide 8: Current Liquidity
Current Liquidity Cash Total Debt and Contingent Consideration Key Statistics(2) Total Debt(1) $83.5 $74.4 $91.4 Contingent Consideration $25.9M Cash $54.2 40.0 $40.3 $6.8M $25.9 Total Debt 51.4 $19.3 $13.5 $12.5 $6.8 $2.9 $1.2 $19.0M Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26
Slide 9: Strong Drone Revenue Visibility
Strong Drone Revenue Visibility $163M • Commercial agreements negotiated with multiple government customers Drone Segment Backlog(1) • Strong relationships with key officials and decisionmakers around the world • Demonstrated capabilities with U.S. forces overseas, establishing credibility ~12 Month
Slide 10: Full Year 2026 Outlook
Full Year 2026 Outlook Key Metric Notes / Assumptions • Reiterating 15% to 25% year-over-year growth based on current pipeline and demand environment Revenue ‒ Material drone order originally expected to materialize in Q3 pulled forward to Q2 ‒ Expect H2 2026 revenue to be in-line to modestly ahead
Slide 11: Appendix
Appendix Q2 2026 Earnings Presentation
Slide 12: Drone Segment Financial Summary
Drone Segment Financial Summary Quarterly Drone Revenue $79.1 $74.7 $45.5 $41.0 $37.4 $28.0 $20.9 $22.0 $9.4 $6.9 $8.5 $6.5 $3.1 2023 Q1-24 Q2-24 Q3-24 Q4-24 2024 Q1-25 Q2-25 Q3-25 Q4-25 2025 Q1-26 Q2-26 • Drone revenue is largely shaped by customer order cycles and shipment timing • Historically, A
Slide 13: Q2 2026 and H1 2026 Summary
Q2 2026 and H1 2026 Summary Consolidated Statements of Operations (Unaudited) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, ($ in M) 2026 2025 2026 2025 Revenue 43.2 24.6 52.1 36.3 Cost of Revenue 15.5 9.5 22.0 14.4 Gross Profit 27.7 15.0 30.1 22.0 Research and Development 7.6 4.
Slide 14: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation (Unaudited) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, ($ in M) 2026 2025 2026 2025 Net (Loss) Income (2.0) 5.9 (17.4) 3.9 Depreciation & Amortization 3.2 3.0 6.3 6.1 Income Tax Expense 4.1 2.1 2.4 2.3 Interest (Income) Expense, Net (0.2) 8.0 (0.