What is AIRO's work in process?

AIRO (AIRO) reported work in process of $2.58M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

AIRO AIRO Work in process

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——

Other financials

Income statement

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Revenue$8.9M-24.5%

Gross profit$2.4M-65.9%

Operating income-$17.2M-457%

Net income-$15.5M-683%

EPS (diluted)-$0.49-308%

Balance sheet

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Cash & equivalents$54.2M+296%

Total debt$3.6M—

Total equity$722.4M+30.7%

Total assets$759.1M—

Cash flow

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Operating cash flow-$17.4M-78.4%

CapEx$2.1M+501%

Free cash flow-$19.5M-92.9%

Valuation

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Market cap$232.38M-63.1%

Enterprise value$181.77M-69.5%

P/S2.6×-3.7×

Profitability

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Gross margin56.6%-10.2pp

Operating margin-59%—

Net margin-20%-7.2pp

FCF margin-54.4%—

Returns & leverage

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Return on equity-2.8%-1.0pp

Debt / equity0×—

Current ratio2.9×—

Where this comes from

Reported directly by AIRO in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: AIRO’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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What is AIRO's work in process?: AIRO (AIRO) reported work in process of $2.58M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.