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

XCF Global, Inc. is the larger business by last-quarter revenue ($9.6M vs $6.3M, roughly 1.5× AIRO Group Holdings, Inc.). AIRO Group Holdings, Inc. runs the higher net margin — -126.7% vs -131.0%, a 4.3% 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.

AIRO vs SAFX — Head-to-Head

Bigger by revenue
SAFX
SAFX
1.5× larger
SAFX
$9.6M
$6.3M
AIRO
Higher net margin
AIRO
AIRO
4.3% more per $
AIRO
-126.7%
-131.0%
SAFX

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AIRO
AIRO
SAFX
SAFX
Revenue
$6.3M
$9.6M
Net Profit
$-8.0M
$-12.5M
Gross Margin
44.4%
35.0%
Operating Margin
-190.7%
-90.3%
Net Margin
-126.7%
-131.0%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.28
$-0.08

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
SAFX
SAFX
Q3 25
$6.3M
$9.6M
Q2 25
$24.6M
Net Profit
AIRO
AIRO
SAFX
SAFX
Q3 25
$-8.0M
$-12.5M
Q2 25
$5.9M
Gross Margin
AIRO
AIRO
SAFX
SAFX
Q3 25
44.4%
35.0%
Q2 25
61.2%
Operating Margin
AIRO
AIRO
SAFX
SAFX
Q3 25
-190.7%
-90.3%
Q2 25
-80.2%
Net Margin
AIRO
AIRO
SAFX
SAFX
Q3 25
-126.7%
-131.0%
Q2 25
23.9%
EPS (diluted)
AIRO
AIRO
SAFX
SAFX
Q3 25
$-0.28
$-0.08
Q2 25
$0.30

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
SAFX
SAFX
Cash + ST InvestmentsLiquidity on hand
$879.2K
Total DebtLower is stronger
$5.1M
$122.8M
Stockholders' EquityBook value
$739.5M
$5.2M
Total Assets
$774.6M
$408.7M
Debt / EquityLower = less leverage
0.01×
23.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
SAFX
SAFX
Q3 25
$879.2K
Q2 25
Total Debt
AIRO
AIRO
SAFX
SAFX
Q3 25
$5.1M
$122.8M
Q2 25
$8.9M
Stockholders' Equity
AIRO
AIRO
SAFX
SAFX
Q3 25
$739.5M
$5.2M
Q2 25
$679.6M
Total Assets
AIRO
AIRO
SAFX
SAFX
Q3 25
$774.6M
$408.7M
Q2 25
$747.8M
Debt / Equity
AIRO
AIRO
SAFX
SAFX
Q3 25
0.01×
23.55×
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
SAFX
SAFX
Operating Cash FlowLast quarter
$-5.8M
$-13.8M
Free Cash FlowOCF − Capex
$-6.7M
FCF MarginFCF / Revenue
-106.7%
Capex IntensityCapex / Revenue
15.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
SAFX
SAFX
Q3 25
$-5.8M
$-13.8M
Q2 25
$-30.8M
Free Cash Flow
AIRO
AIRO
SAFX
SAFX
Q3 25
$-6.7M
Q2 25
$-31.8M
FCF Margin
AIRO
AIRO
SAFX
SAFX
Q3 25
-106.7%
Q2 25
-129.6%
Capex Intensity
AIRO
AIRO
SAFX
SAFX
Q3 25
15.0%
Q2 25
4.3%
Cash Conversion
AIRO
AIRO
SAFX
SAFX
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%

SAFX
SAFX

Segment breakdown not available.

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