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

AIRO Group Holdings, Inc. is the larger business by last-quarter revenue ($6.3M vs $3.5M, roughly 1.8× CapsoVision, Inc). AIRO Group Holdings, Inc. runs the higher net margin — -126.7% vs -223.9%, a 97.2% gap on every dollar of revenue. CapsoVision, Inc produced more free cash flow last quarter ($-5.7M 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.

CapsoVision, Inc. is a medical technology firm specializing in the development and manufacturing of advanced capsule endoscopy systems and supporting diagnostic solutions. Its non-invasive gastrointestinal imaging products are supplied to hospitals, gastroenterology clinics and medical specialists across global markets, supporting more accurate detection of digestive diseases and improved patient care experiences.

AIRO vs CV — Head-to-Head

Bigger by revenue
AIRO
AIRO
1.8× larger
AIRO
$6.3M
$3.5M
CV
Higher net margin
AIRO
AIRO
97.2% more per $
AIRO
-126.7%
-223.9%
CV
More free cash flow
CV
CV
$1.0M more FCF
CV
$-5.7M
$-6.7M
AIRO

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AIRO
AIRO
CV
CV
Revenue
$6.3M
$3.5M
Net Profit
$-8.0M
$-7.9M
Gross Margin
44.4%
54.1%
Operating Margin
-190.7%
-226.7%
Net Margin
-126.7%
-223.9%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.28
$-0.17

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
CV
CV
Q3 25
$6.3M
$3.5M
Q2 25
$24.6M
$3.3M
Net Profit
AIRO
AIRO
CV
CV
Q3 25
$-8.0M
$-7.9M
Q2 25
$5.9M
$-4.6M
Gross Margin
AIRO
AIRO
CV
CV
Q3 25
44.4%
54.1%
Q2 25
61.2%
54.6%
Operating Margin
AIRO
AIRO
CV
CV
Q3 25
-190.7%
-226.7%
Q2 25
-80.2%
-140.3%
Net Margin
AIRO
AIRO
CV
CV
Q3 25
-126.7%
-223.9%
Q2 25
23.9%
-139.5%
EPS (diluted)
AIRO
AIRO
CV
CV
Q3 25
$-0.28
$-0.17
Q2 25
$0.30
$-2.02

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
CV
CV
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$739.5M
$20.4M
Total Assets
$774.6M
$25.7M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Total Debt
AIRO
AIRO
CV
CV
Q3 25
$5.1M
Q2 25
$8.9M
Stockholders' Equity
AIRO
AIRO
CV
CV
Q3 25
$739.5M
$20.4M
Q2 25
$679.6M
$-139.0M
Total Assets
AIRO
AIRO
CV
CV
Q3 25
$774.6M
$25.7M
Q2 25
$747.8M
$9.5M
Debt / Equity
AIRO
AIRO
CV
CV
Q3 25
0.01×
Q2 25
0.01×

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
CV
CV
Operating Cash FlowLast quarter
$-5.8M
$-5.7M
Free Cash FlowOCF − Capex
$-6.7M
$-5.7M
FCF MarginFCF / Revenue
-106.7%
-160.5%
Capex IntensityCapex / Revenue
15.0%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
CV
CV
Q3 25
$-5.8M
$-5.7M
Q2 25
$-30.8M
$-9.5M
Free Cash Flow
AIRO
AIRO
CV
CV
Q3 25
$-6.7M
$-5.7M
Q2 25
$-31.8M
$-9.6M
FCF Margin
AIRO
AIRO
CV
CV
Q3 25
-106.7%
-160.5%
Q2 25
-129.6%
-289.0%
Capex Intensity
AIRO
AIRO
CV
CV
Q3 25
15.0%
0.3%
Q2 25
4.3%
2.1%
Cash Conversion
AIRO
AIRO
CV
CV
Q3 25
Q2 25
-5.24×

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%

CV
CV

Products$2.5M71%
Other$1.0M29%

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