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Financials · AIRG

Airgain Inc. (AIRG) financials

For the twelve months ended Jun 30, 2026, Airgain Inc. reported $51.35M of revenue and -$7.01M of net income.

Revenue, TTM
$51.35M
Revenue growth, YoY
-9.6%
Net income, TTM
-$7.01M
Net margin
-13.6%
Free cash flow, TTM
-$2.96M
EPS, diluted, TTM
-$0.57
Cash
$7.61M
P/S
1.10
Market cap
$56.5M
Annual revenue$51.78M
FY2016FY2025
Annual net income-$6.43M
FY2016FY2025
Annual free cash flow-$1.28M
FY2016FY2025

AIRG revenue and earnings growth

AIRG revenueQ2 2026$13.70M

Quarter YoY
+0.6%
QoQ
+19.0%
FY YoY
-14.6%
5Y CAGR
+1.3%
10Y CAGR
+6.4%

AIRG revenue was $13.70M in fiscal Q2 2026 (ended Jun 30, 2026), up 0.6% from a year earlier and up 19.0% from the prior quarter. For the full fiscal 2025 it was $51.78M, down 14.6% from fiscal 2024. Compound annual growth was +1.3% over 5 years and +6.4% over 10 years. It rose in 6 of the last 10 fiscal years.

AIRG net incomeQ2 2026-$1.71M

AIRG net income was -$1.71M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.48M a year earlier. For the full fiscal 2025 it was -$6.43M, compared with -$8.69M in fiscal 2024.

AIRG EPSQ2 2026-$0.13

AIRG diluted EPS was -$0.13 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.12 a year earlier. For the full fiscal 2025 it was -$0.54, compared with -$0.79 in fiscal 2024.

AIRG free cash flowQ2 2026-$1.83M

AIRG free cash flow was -$1.83M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $113.0K a year earlier. For the full fiscal 2025 it was -$1.28M, compared with -$3.71M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$51.78M$60.60M$56.04M$75.89M$64.27M$48.50M$55.74M$60.63M$49.52M$43.43M
Cost of revenue$29.23M$35.80M$35.28M$47.92M$39.67M$25.92M$30.41M$34.11M$26.22M$24.16M
Gross profit$22.55M$24.80M$20.76M$27.97M$24.61M$22.59M$25.32M$26.51M$23.30M$19.28M
Research and development$9.54M$11.86M$10.51M$11.35M$10.92M$9.16M$8.99M$9.32M$7.32M$5.62M
Selling, general and admin$12.16M$12.66M$13.53M$14.03M$13.56M$10.47M$8.92M$9.54M$8.00M$4.53M
Operating income-$8.48M-$8.93M-$12.40M-$8.58M-$12.12M-$3.18M$380.0K-$3.39M$969.0K$3.45M
Interest expense------$5.0K$31.0K$99.0K$178.4K
Pre-tax income-$6.35M-$8.84M-$12.30M-$8.57M-$12.14M-$3.01M$1.09M-$2.48M$1.17M$3.74M
Income tax$73.0K-$152.0K$128.0K$84.0K-$2.05M$273.0K$163.0K$101.0K$26.0K$8.2K
Net income-$6.43M-$8.69M-$12.43M-$8.66M-$10.09M-$3.28M$926.0K-$2.58M$1.14M$3.73M
EPS, basic-$0.54-$0.79-$1.20-$0.85-$1.01-$0.34$0.10-$0.27$0.12$0.65
EPS, diluted-$0.54-$0.79-$1.20-$0.85-$1.01-$0.34$0.09-$0.27$0.11$0.40
Diluted shares11.8M11.1M10.4M10.2M10.0M9.7M10.1M9.5M10.4M4.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$7.36M$8.51M$7.88M$11.90M$14.51M$38.17M$13.20M$13.62M$15.03M$45.16M
Short-term investments-----$0$0---
Receivables$12.78M$11.67M$7.38M$8.74M$10.76M$4.78M$7.66M$7.01M$8.42M$5.15M
Inventory$3.58M$3.95M$2.40M$4.23M$8.95M$1.02M$1.19M$1.35M$741.6K$146.8K
Current assets$25.76M$25.83M$19.08M$27.15M$35.49M$45.43M$45.09M$43.09M$46.08M$50.81M
Goodwill$10.85M$10.85M$10.85M$10.85M$10.85M$3.70M$3.70M$3.70M$3.70M$1.25M
Total assets$45.34M$48.44M$42.23M$54.40M$66.39M$54.93M$54.73M$52.91M$56.30M$56.06M
Current liabilities$12.98M$13.50M$9.99M$12.90M$19.89M$6.86M$6.76M$7.51M$9.73M$9.24M
Total liabilities$17.05M$17.47M$10.82M$14.57M$22.22M$7.18M$6.82M$7.76M$10.07M$11.03M
Shareholders' equity$28.29M$30.97M$31.41M$39.83M$44.17M$47.74M$47.90M$45.15M$46.23M$45.03M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$1.11M-$3.53M-$3.30M$4.45M-$11.17M$3.70M$2.37M$1.38M-$255.0K$4.67M
Capital expenditures$166.0K$178.0K$346.0K$763.0K$736.0K$727.0K$1.21M$990.0K$263.0K$275.6K
Free cash flow-$1.28M-$3.71M-$3.65M$3.68M-$11.91M$2.98M$1.15M$387.0K-$518.0K$4.39M
Investing cash flow-$389.0K-$178.0K-$346.0K-$750.0K-$14.92M$20.89M-$2.40M$336.0K-$27.82M-$275.6K
Financing cash flow$350.0K$4.30M-$458.0K-$6.30M$2.43M$561.0K-$392.0K-$3.12M-$2.06M$35.43M
Share repurchases---$0$97.0K$608.0K$1.23M$2.17M$1.26M-
Stock-based compensation$2.96M$4.63M$3.68M$4.98M$4.05M$2.56M$2.20M$2.91M$736.0K$298.5K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-14.6%8.1%-26.2%18.1%32.5%-13.0%-8.1%22.4%14.0%56.3%
Net income growth, YoY---------69.4%-
Gross margin43.5%40.9%37.1%36.9%38.3%46.6%45.4%43.7%47.1%44.4%
Operating margin-16.4%-14.7%-22.1%-11.3%-18.9%-6.6%0.7%-5.6%2.0%7.9%
Net margin-12.4%-14.3%-22.2%-11.4%-15.7%-6.8%1.7%-4.3%2.3%8.6%
Free cash flow margin-2.5%-6.1%-6.5%4.9%-18.5%6.1%2.1%0.6%-1.0%10.1%
Return on equity-22.7%-28.1%-39.6%-21.7%-22.8%-6.9%1.9%-5.7%2.5%8.3%
Return on assets-14.2%-17.9%-29.4%-15.9%-15.2%-6.0%1.7%-4.9%2.0%6.7%
Current ratio1.981.911.912.101.786.636.675.744.745.50

Source: XBRL data Airgain Inc. files with the SEC, latest filing dated Aug 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AIRG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AIRG$51.35M-9.6%-$7.01M-13.6%$56.5M
QCOM$43.12B-2.6%$13.63B31.6%$183.47B
MSI$12.60B+11.4%$2.08B16.5%$87.29B
NOK€19.89B+3.5%€651.00M3.3%$46.97B
UI$3.57B+29.4%$1.07B30.1%$41.48B
ERICSEK 236.68B-4.5%SEK 28.43B12.0%$35.74B
PL$378.28M+44.1%-$359.87M-95.1%$5.23B
ONDS$174.10M+979.3%$167.06M96.0%$3.47B
HLIT$502.23M+70.9%-$35.19M-7.0%$1.12B

AIRG FAQ

9 questions
  • What is AIRG revenue?
    Airgain Inc. (AIRG) reported $51.35M of revenue for the twelve months ended Jun 30, 2026. That is down 9.6% from the year before. Revenue for fiscal 2025 was $51.78M.
  • Is AIRG profitable?
    No. Airgain Inc. reported a net loss of $7.01M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does AIRG have?
    Airgain Inc. reported $7.61M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is AIRG revenue growing?
    Airgain Inc.'s revenue changed -14.6% in fiscal 2025, to $51.78M. Its compound annual growth rate was +1.3% over 5 years and +6.4% over 10 years.
  • What is AIRG gross margin?
    Airgain Inc.'s gross profit was $22.31M on $51.35M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 43.4%.
  • What is AIRG free cash flow?
    Airgain Inc. generated -$2.96M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$2.77M less capital expenditures.
  • What is AIRG earnings per share?
    Diluted earnings per share were -$0.57 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AIRG last report financial results?
    The latest statements here come from Airgain Inc.'s 10-Q filed on Aug 5, 2026, covering the period ended Jun 30, 2026.
  • Where does this AIRG financial data come from?
    Quantisnow builds these statements from the structured XBRL data Airgain Inc. files with the SEC. It is provided for information only and is not investment advice.