Financial Performance - AIRO's Q2 2025 revenue increased by 151% to $246 million, compared to $98 million in Q2 2024[38] - Gross profit increased by 1603% to $150 million in Q2 2025, with gross profit margin at 612%, a 219 bps increase[38] - Net income was $59 million in Q2 2025, a 2048% increase from a net loss of $56 million in Q2 2024[38] - Adjusted EBITDA increased by 710% to $47 million in Q2 2025, with an Adjusted EBITDA margin of 191%, a 1321 bps increase[38] - The company's cash and cash equivalents significantly increased to $403 million in Q2 2025[41] Business Highlights - AIRO is targeting a combined aerospace and defense Total Addressable Market (TAM) of approximately $315 billion by 2030, with a composite 2024-2030 Compound Annual Growth Rate (CAGR) of 148%[20] - The company unveiled a next-generation cargo drone capable of transporting 250-500 lbs over 200 miles[30] - AIRO has secured $16 billion+ in available Close Air Support (CAS) Indefinite Delivery/Indefinite Quantity (IDIQ) contracts for training[44] - AIRO has $200M+ bookings in process for Drones[44] Strategic Initiatives - AIRO plans to establish a new US manufacturing and engineering facility to support increased demand for drones[30] - The company is in the process of manufacturing the RQ-35 Heidrun in the US to obtain Blue UAS certification, requiring at least 51% of the vehicle to be manufactured in the US[35] - NATO countries are projected to increase their defense spending benchmark from the current 2% of GDP target to 35% of GDP after the June 2025 summit[31]

Financial Performance - Net income available to common shareholders was $1.2 billion, resulting in a diluted EPS of $0.87[20, 41] - The efficiency ratio was 59.3%, and the adjusted efficiency ratio was 56.4%[20] - The CET1 ratio was 11.3%[20] - Adjusted revenue was $4.948 billion, a decrease of 3.2% compared to 4Q24 but an increase of 1.6% compared to 1Q24[37] - Adjusted noninterest expense was $2.868 billion, a decrease of 5.4% compared to 4Q24 and an increase of 1.5% compared to 1Q24[37] Loan and Deposit Growth - Average loans increased by 1.1% linked-quarter[20, 42] - Average deposits increased by 0.6% linked-quarter[20] - Consumer loan production increased by $3.7 billion, or 47% year-over-year[26] - Average wholesale loans increased by $2.3 billion, or 1.3% linked quarter[26] Digital Client Engagement - Digital share of new-to-bank clients reached 40%, an increase of 700 bps[28] - Mobile app users increased to 5.2 million, a 6% increase[29, 31] - Digital transactions increased by 10% and Zelle transactions increased by 24%[29] Capital Allocation - The company repurchased $500 million of common stock and is targeting up to $750 million in 2Q25[21]