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Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and Rithm Property Trust Inc. (RPT). 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 $3.4M, roughly 1.8× Rithm Property Trust Inc.). Rithm Property Trust Inc. runs the higher net margin — 95.4% vs -126.7%, a 222.1% gap on every dollar of revenue.

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.

Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.

AIRO vs RPT — Head-to-Head

Bigger by revenue
AIRO
AIRO
1.8× larger
AIRO
$6.3M
$3.4M
RPT
Higher net margin
RPT
RPT
222.1% more per $
RPT
95.4%
-126.7%
AIRO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AIRO
AIRO
RPT
RPT
Revenue
$6.3M
$3.4M
Net Profit
$-8.0M
$3.2M
Gross Margin
44.4%
Operating Margin
-190.7%
99.6%
Net Margin
-126.7%
95.4%
Revenue YoY
-39.7%
Net Profit YoY
11.2%
EPS (diluted)
$-0.28
$-0.26

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
RPT
RPT
Q4 25
$3.4M
Q3 25
$6.3M
$4.0M
Q2 25
$24.6M
$4.2M
Q1 25
$249.0K
Q3 23
$1.1M
Q1 23
$540.0K
Q4 22
$1.4M
Q3 22
$10.5M
Net Profit
AIRO
AIRO
RPT
RPT
Q4 25
$3.2M
Q3 25
$-8.0M
$-273.0K
Q2 25
$5.9M
$1.9M
Q1 25
$-3.4M
Q3 23
$-5.5M
Q1 23
$-7.4M
Q4 22
Q3 22
$-9.5M
Gross Margin
AIRO
AIRO
RPT
RPT
Q4 25
Q3 25
44.4%
Q2 25
61.2%
Q1 25
Q3 23
Q1 23
Q4 22
Q3 22
Operating Margin
AIRO
AIRO
RPT
RPT
Q4 25
99.6%
Q3 25
-190.7%
-6.2%
Q2 25
-80.2%
45.7%
Q1 25
-1416.5%
Q3 23
-533.4%
Q1 23
-1346.5%
Q4 22
Q3 22
-67.8%
Net Margin
AIRO
AIRO
RPT
RPT
Q4 25
95.4%
Q3 25
-126.7%
-6.8%
Q2 25
23.9%
45.1%
Q1 25
-1363.1%
Q3 23
-526.3%
Q1 23
-1369.3%
Q4 22
Q3 22
-89.9%
EPS (diluted)
AIRO
AIRO
RPT
RPT
Q4 25
$-0.26
Q3 25
$-0.28
$-0.03
Q2 25
$0.30
$0.01
Q1 25
$-0.08
Q3 23
$-0.25
Q1 23
$-0.34
Q4 22
Q3 22
$-0.71

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
RPT
RPT
Cash + ST InvestmentsLiquidity on hand
$79.3M
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$739.5M
$291.6M
Total Assets
$774.6M
$1.0B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
RPT
RPT
Q4 25
$79.3M
Q3 25
$81.4M
Q2 25
$98.6M
Q1 25
$97.4M
Q3 23
$63.9M
Q1 23
$49.4M
Q4 22
$47.8M
Q3 22
$72.9M
Total Debt
AIRO
AIRO
RPT
RPT
Q4 25
Q3 25
$5.1M
Q2 25
$8.9M
Q1 25
Q3 23
Q1 23
Q4 22
Q3 22
Stockholders' Equity
AIRO
AIRO
RPT
RPT
Q4 25
$291.6M
Q3 25
$739.5M
$291.7M
Q2 25
$679.6M
$294.7M
Q1 25
$296.1M
Q3 23
$320.2M
Q1 23
$330.4M
Q4 22
$335.3M
Q3 22
$349.3M
Total Assets
AIRO
AIRO
RPT
RPT
Q4 25
$1.0B
Q3 25
$774.6M
$1.0B
Q2 25
$747.8M
$1.0B
Q1 25
$1.0B
Q3 23
$1.4B
Q1 23
$1.4B
Q4 22
$1.5B
Q3 22
$1.5B
Debt / Equity
AIRO
AIRO
RPT
RPT
Q4 25
Q3 25
0.01×
Q2 25
0.01×
Q1 25
Q3 23
Q1 23
Q4 22
Q3 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
RPT
RPT
Operating Cash FlowLast quarter
$-5.8M
$-8.3M
Free Cash FlowOCF − Capex
$-6.7M
FCF MarginFCF / Revenue
-106.7%
Capex IntensityCapex / Revenue
15.0%
Cash ConversionOCF / Net Profit
-2.56×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
RPT
RPT
Q4 25
$-8.3M
Q3 25
$-5.8M
$-5.8M
Q2 25
$-30.8M
$-25.0K
Q1 25
$-1.6M
Q3 23
$-10.7M
Q1 23
$-16.8M
Q4 22
$1.1M
Q3 22
$1.6M
Free Cash Flow
AIRO
AIRO
RPT
RPT
Q4 25
Q3 25
$-6.7M
Q2 25
$-31.8M
Q1 25
Q3 23
Q1 23
Q4 22
$1.1M
Q3 22
FCF Margin
AIRO
AIRO
RPT
RPT
Q4 25
Q3 25
-106.7%
Q2 25
-129.6%
Q1 25
Q3 23
Q1 23
Q4 22
80.6%
Q3 22
Capex Intensity
AIRO
AIRO
RPT
RPT
Q4 25
Q3 25
15.0%
Q2 25
4.3%
Q1 25
Q3 23
0.0%
Q1 23
Q4 22
2.0%
Q3 22
Cash Conversion
AIRO
AIRO
RPT
RPT
Q4 25
-2.56×
Q3 25
Q2 25
-5.24×
-0.01×
Q1 25
Q3 23
Q1 23
Q4 22
Q3 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%

RPT
RPT

Segment breakdown not available.

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