AIRO NASDAQ

Of US companies ranked in the third-riskiest tenth, about 1 in 140 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.08 (down 98%), AIRO Group Holdings, Inc. Common Stock would be worth roughly what it owes.
Total debt $9.8M against a stock market value of $154.6M.
Distance to default 3.33 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $7.8M (short-term plus half of long-term), stock volatility 86.4%; Altman Z 1.89. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.