Airgain Inc (AIRG) Financial Statements
Industry: Radio & Tv Broadcasting & Communications Equipment
In fiscal 2025, Airgain reported revenue of $51.8M, down 14.6% from $60.6M the year before. Net income was -$6.4M (a -12.4% net margin), or -$0.54 per diluted share. Gross margin was 43.5% and operating margin was -16.4%. Operating activities generated -$1.1M of cash, leaving -$1.3M of free cash flow. At fiscal year end, Airgain held $45.3M in total assets against $17.0M in total liabilities, including $7.4M of cash and equivalents.
Open the full interactive Airgain financials → Quarterly statements, key ratios, valuation history and price charts.
Airgain Key Stats
| Share Price | $4.22 |
|---|---|
| Market Cap | $54.2M |
| Revenue YoY Growth | -14.5% |
| 52-Week Range | $3.07 – $7.39 |
| Shares Outstanding | 12.8 million (basic, 2026 Q2) |
Airgain Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $48.5M | $64.3M | $75.9M | $56.0M | $60.6M | $51.8M |
| Cost of Goods Sold | $200,000 | $444,000 | $500,000 | $400,000 | $500,000 | $200,000 |
| Gross Profit | $22.6M | $24.6M | $28.0M | $20.8M | $24.8M | $22.5M |
| Operating Income | -$3.2M | -$12.1M | -$8.6M | -$12.4M | -$8.9M | -$8.5M |
| Pre-Tax Income | -$3.0M | -$12.1M | -$8.6M | -$12.3M | -$8.8M | -$6.4M |
| Income Tax | $273,000 | -$2.0M | $84,000 | $128,000 | -$152,000 | $73,000 |
| Net Income | -$3.3M | -$10.1M | -$8.7M | -$12.4M | -$8.7M | -$6.4M |
| Diluted EPS | -$0.34 | -$1.01 | -$0.85 | -$1.20 | -$0.79 | -$0.54 |
Airgain Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.0M | $12.1M | $11.5M | $13.7M |
| Net Income | -$964,000 | -$2.4M | -$1.9M | -$1.7M |
| Diluted EPS | -$0.08 | -$0.21 | -$0.15 | -$0.13 |
Airgain Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $38.2M | $14.5M | $11.9M | $7.9M | $8.5M | $7.4M |
| Current Assets | $45.4M | $35.5M | $27.2M | $19.1M | $25.8M | $25.8M |
| Total Assets | $54.9M | $66.4M | $54.4M | $42.2M | $48.4M | $45.3M |
| Current Liabilities | $6.9M | $19.9M | $12.9M | $10.0M | $13.5M | $13.0M |
| Total Liabilities | $7.2M | $22.2M | $14.6M | $10.8M | $17.5M | $17.0M |
| Shareholders' Equity | $47.7M | $44.2M | $39.8M | $31.4M | $31.0M | $28.3M |
Airgain Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.7M | -$11.2M | $4.4M | -$3.3M | -$3.5M | -$1.1M |
| Cash From Investing | $20.9M | -$14.9M | -$750,000 | -$346,000 | -$178,000 | -$389,000 |
| Cash From Financing | $561,000 | $2.4M | -$6.3M | -$458,000 | $4.3M | $350,000 |
| Free Cash Flow | $3.0M | -$11.9M | $3.7M | -$3.6M | -$3.7M | -$1.3M |
Figures from Airgain's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Airgain financials page for every line item.
Airgain Company Profile
| Ticker | AIRG |
|---|---|
| Exchange | Nasdaq |
| Industry | Radio & Tv Broadcasting & Communications Equipment |
| Headquarters | San Diego, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001272842 |
Frequently Asked Questions
What was Airgain's revenue in fiscal 2025?
Airgain (AIRG) reported revenue of $51.8M for fiscal 2025.
What is Airgain's annual revenue history?
Airgain's annual revenue by fiscal year: 2020: $48.5M; 2021: $64.3M; 2022: $75.9M; 2023: $56.0M; 2024: $60.6M; 2025: $51.8M.
What was Airgain's net income in fiscal 2025?
Airgain reported net income of -$6.4M for fiscal 2025.
What was Airgain's earnings per share (EPS) in fiscal 2025?
Airgain's diluted EPS was -$0.54 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Airgain generate in fiscal 2025?
Airgain generated -$1.3M of free cash flow in fiscal 2025.
What was Airgain's revenue last quarter?
In its most recent reported quarter (2026 Q2), Airgain reported revenue of $13.7M.
How many shares of Airgain are outstanding?
Airgain reported a weighted average of 12.8 million basic shares outstanding in 2026 Q2.
What is Airgain's market cap?
Based on its latest closing price, Airgain (AIRG) has a market capitalization of about $54.2M.
When does Airgain's fiscal year end?
Airgain's fiscal year end, as registered with the SEC, is December 31.
Where is Airgain headquartered?
Airgain lists its business address in San Diego, California in its SEC filings.
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