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Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and Cellectis S.A. (CLLS). Click either name above to swap in a different company.

Cellectis S.A. is the larger business by last-quarter revenue ($9.5M vs $6.3M, roughly 1.5× AIRO Group Holdings, Inc.). AIRO Group Holdings, Inc. runs the higher net margin — -126.7% vs -265.9%, a 139.2% gap on every dollar of revenue. Cellectis S.A. produced more free cash flow last quarter ($27.6M vs $-6.7M).

Airo Aviation FZ-LLC was an Emirati aircraft manufacturer based in the Ras Al Khaimah Free Trade Zone. The company specialized in the manufacture of ultralight aircraft in the form of ready-to-fly aircraft for the European Fédération Aéronautique Internationale microlight category.

Cellectis is a French biopharmaceutical company. It develops genome-edited chimeric antigen receptor T-cell technologies for cancer immunotherapy. It has offices in Paris, New York City, and Raleigh, North Carolina.

AIRO vs CLLS — Head-to-Head

Bigger by revenue
CLLS
CLLS
1.5× larger
CLLS
$9.5M
$6.3M
AIRO
Higher net margin
AIRO
AIRO
139.2% more per $
AIRO
-126.7%
-265.9%
CLLS
More free cash flow
CLLS
CLLS
$34.3M more FCF
CLLS
$27.6M
$-6.7M
AIRO

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
AIRO
AIRO
CLLS
CLLS
Revenue
$6.3M
$9.5M
Net Profit
$-8.0M
$-25.3M
Gross Margin
44.4%
Operating Margin
-190.7%
-181.1%
Net Margin
-126.7%
-265.9%
Revenue YoY
375.0%
Net Profit YoY
-51.9%
EPS (diluted)
$-0.28
$-0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIRO
AIRO
CLLS
CLLS
Q3 25
$6.3M
Q2 25
$24.6M
Q2 24
$9.5M
Q3 23
$1.6M
Q2 23
$2.0M
Q2 22
$2.7M
Net Profit
AIRO
AIRO
CLLS
CLLS
Q3 25
$-8.0M
Q2 25
$5.9M
Q2 24
$-25.3M
Q3 23
$-17.5M
Q2 23
$-16.6M
Q2 22
$-19.5M
Gross Margin
AIRO
AIRO
CLLS
CLLS
Q3 25
44.4%
Q2 25
61.2%
Q2 24
Q3 23
Q2 23
97.3%
Q2 22
87.9%
Operating Margin
AIRO
AIRO
CLLS
CLLS
Q3 25
-190.7%
Q2 25
-80.2%
Q2 24
-181.1%
Q3 23
-1258.1%
Q2 23
-1180.5%
Q2 22
-1003.0%
Net Margin
AIRO
AIRO
CLLS
CLLS
Q3 25
-126.7%
Q2 25
23.9%
Q2 24
-265.9%
Q3 23
-1064.1%
Q2 23
-831.6%
Q2 22
-714.4%
EPS (diluted)
AIRO
AIRO
CLLS
CLLS
Q3 25
$-0.28
Q2 25
$0.30
Q2 24
$-0.28
Q3 23
$-0.31
Q2 23
$-0.20
Q2 22
$-0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIRO
AIRO
CLLS
CLLS
Cash + ST InvestmentsLiquidity on hand
$149.0M
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$739.5M
$148.6M
Total Assets
$774.6M
$407.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
CLLS
CLLS
Q3 25
Q2 25
Q2 24
$149.0M
Q3 23
Q2 23
$84.4M
Q2 22
$129.4M
Total Debt
AIRO
AIRO
CLLS
CLLS
Q3 25
$5.1M
Q2 25
$8.9M
Q2 24
Q3 23
Q2 23
Q2 22
Stockholders' Equity
AIRO
AIRO
CLLS
CLLS
Q3 25
$739.5M
Q2 25
$679.6M
Q2 24
$148.6M
Q3 23
$76.1M
Q2 23
$96.6M
Q2 22
$180.5M
Total Assets
AIRO
AIRO
CLLS
CLLS
Q3 25
$774.6M
Q2 25
$747.8M
Q2 24
$407.1M
Q3 23
$209.7M
Q2 23
$227.7M
Q2 22
$320.9M
Debt / Equity
AIRO
AIRO
CLLS
CLLS
Q3 25
0.01×
Q2 25
0.01×
Q2 24
Q3 23
Q2 23
Q2 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIRO
AIRO
CLLS
CLLS
Operating Cash FlowLast quarter
$-5.8M
$28.9M
Free Cash FlowOCF − Capex
$-6.7M
$27.6M
FCF MarginFCF / Revenue
-106.7%
290.5%
Capex IntensityCapex / Revenue
15.0%
13.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
CLLS
CLLS
Q3 25
$-5.8M
Q2 25
$-30.8M
Q2 24
$28.9M
Q3 23
Q2 23
$-47.4M
Q2 22
$-60.2M
Free Cash Flow
AIRO
AIRO
CLLS
CLLS
Q3 25
$-6.7M
Q2 25
$-31.8M
Q2 24
$27.6M
Q3 23
Q2 23
$-47.9M
Q2 22
$-61.7M
FCF Margin
AIRO
AIRO
CLLS
CLLS
Q3 25
-106.7%
Q2 25
-129.6%
Q2 24
290.5%
Q3 23
Q2 23
-2391.4%
Q2 22
-2266.7%
Capex Intensity
AIRO
AIRO
CLLS
CLLS
Q3 25
15.0%
Q2 25
4.3%
Q2 24
13.2%
Q3 23
Q2 23
24.1%
Q2 22
56.6%
Cash Conversion
AIRO
AIRO
CLLS
CLLS
Q3 25
Q2 25
-5.24×
Q2 24
Q3 23
Q2 23
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIRO
AIRO

Transferred At Point In Time$4.5M71%
Transferred Over Time$1.8M29%

CLLS
CLLS

Segment breakdown not available.

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