AIRGAIN, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:16:51Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -1.28M | -3.71M | -3.65M | 3.68M | -11.91M | 2.98M |
| EBITDA | -4.79M | -5.35M | -8.77M | -4.88M | -8.57M | -2.09M |
| Working Capital | 12.78M | 12.33M | 9.09M | 14.25M | 15.60M | 38.58M |
| Net Debt | -2.66M | -4.61M | -6.34M | -9.46M | -11.45M | -38.17M |
| Gross Margin | 43.54% | 40.93% | 37.05% | 36.86% | 38.29% | 46.57% |
| Operating Margin | -16.38% | -14.73% | -22.13% | -11.31% | -18.86% | -6.56% |
| Net Margin | -12.41% | -14.34% | -22.18% | -11.41% | -15.69% | -6.76% |
| Return on Equity (ROE) | -22.72% | -28.05% | -39.56% | -21.74% | -22.84% | -6.87% |
| Return on Assets (ROA) | -14.17% | -17.93% | -29.43% | -15.92% | -15.19% | -5.97% |
| Current Ratio | 1.98× | 1.91× | 1.91× | 2.10× | 1.78× | 6.63× |
| Debt-to-Equity | 0.17× | 0.13× | 0.05× | 0.06× | 0.07× | 0.00× |
| Effective Tax Rate | -1.15% | 1.72% | -1.04% | -0.98% | 16.88% | -9.08% |
| Cash Conversion Ratio | 0.17× | 0.41× | 0.27× | -0.51× | 1.11× | -1.13× |
| Accruals Ratio | -0.12× | -0.11× | -0.22× | -0.24× | 0.02× | -0.13× |
| SBC % of Revenue | 5.72% | 7.65% | 6.57% | 6.56% | 6.30% | 5.29% |
| CapEx Coverage | -6.70× | -19.81× | -9.54× | 5.83× | -15.18× | 5.09× |
| Free Cash Flow Per Share | $-0.11 | $-0.34 | $-0.35 | $0.36 | $-1.19 | $0.31 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 51.78M | 60.60M | 56.04M | 75.89M | 64.27M | 48.50M |
| Cost of Goods and Services Sold | 200.00K | 500.00K | 400.00K | 500.00K | 400.00K | 166.00K |
| Cost of Revenue | 29.23M | 35.80M | 35.28M | 47.92M | 39.67M | 25.92M |
| Gross Profit | 22.55M | 24.80M | 20.76M | 27.97M | 24.61M | 22.59M |
| Research and Development Expense | 9.54M | 11.86M | 10.51M | 11.35M | 10.92M | 9.16M |
| Operating Expenses | 31.03M | 33.73M | 33.16M | 36.55M | 36.73M | 25.77M |
| Operating Income (Loss) | -8.48M | -8.93M | -12.40M | -8.58M | -12.12M | -3.18M |
| Income Tax Expense (Benefit) | 73.00K | -152.00K | 128.00K | 84.00K | -2.05M | 273.00K |
| Net Income (Loss) Attributable to Parent | -6.43M | -8.69M | -12.43M | -8.66M | -10.09M | -3.28M |
| Earnings Per Share, Basic | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 | $-0.34 |
| Weighted Average Number of Shares Outstanding, Basic | 11.84M | 11.05M | 10.39M | 10.19M | 10.02M | 9.71M |
| Earnings Per Share, Diluted | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 | $-0.34 |
| Weighted Average Number of Shares Outstanding, Diluted | 11.84M | 11.05M | 10.39M | 10.19M | 10.02M | 9.71M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.36M | 8.51M | 7.88M | 11.90M | 14.51M | 38.17M |
| Assets, Current | 25.76M | 25.83M | 19.08M | 27.15M | 35.49M | 45.43M |
| Assets | 45.34M | 48.44M | 42.23M | 54.40M | 66.39M | 54.93M |
| Liabilities, Current | 12.98M | 13.50M | 9.99M | 12.90M | 19.89M | 6.86M |
| Liabilities | 17.05M | 17.47M | 10.82M | 14.57M | 22.22M | 7.18M |
| Stockholders' Equity Attributable to Parent | 28.29M | 30.97M | 31.41M | 39.83M | 44.17M | 47.74M |
| Common Stock, Shares, Outstanding | 12.13M | 11.53M | 10.47M | 10.23M | 10.10M | 9.78M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -1.11M | -3.53M | -3.30M | 4.45M | -11.17M | 3.70M |
| Payments to Acquire Property, Plant, and Equipment | 166.00K | 178.00K | 346.00K | 763.00K | 736.00K | 727.00K |
| Net Cash Provided by (Used in) Investing Activities | -389.00K | -178.00K | -346.00K | -750.00K | -14.92M | 20.89M |
| Payments for Repurchase of Common Stock | — | — | — | 0 | 97.00K | 608.00K |
| Net Cash Provided by (Used in) Financing Activities | 350.00K | 4.30M | -458.00K | -6.30M | 2.43M | 561.00K |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -814.00K | 93.00K | -1.37M | -954.00K | -1.07M | -27.00K |
| EBITDA | -1.80M | -1.48M | -867.00K | -1.90M | -2.18M | -1.05M |
| Working Capital | 12.34M | 12.78M | 13.41M | 12.77M | 12.63M | 12.33M |
| Net Debt | -2.62M | -2.66M | -2.54M | -3.32M | -2.98M | -4.61M |
| Gross Margin | 43.20% | 44.82% | 43.59% | 42.86% | 42.95% | 42.19% |
| Operating Margin | -18.36% | -19.96% | -6.90% | -14.68% | -25.77% | -13.13% |
| Net Margin | -16.48% | -20.13% | -6.88% | -10.83% | -12.87% | -13.01% |
| Return on Equity (ROE) | -6.77% | -8.63% | -3.24% | -4.95% | -5.10% | -6.34% |
| Return on Assets (ROA) | -4.37% | -5.38% | -2.12% | -3.24% | -3.35% | -4.05% |
| Current Ratio | 2.07× | 1.98× | 2.13× | 2.08× | 2.11× | 1.91× |
| Debt-to-Equity | 0.16× | 0.17× | 0.15× | 0.15× | 0.15× | 0.13× |
| Effective Tax Rate | -3.95% | -1.03% | -1.05% | -0.96% | -1.58% | 0.36% |
| Cash Conversion Ratio | 0.40× | -0.08× | 1.36× | 0.61× | 0.66× | 0.01× |
| Accruals Ratio | -0.03× | -0.06× | 0.01× | -0.01× | -0.01× | -0.04× |
| SBC % of Revenue | 6.14% | 8.86% | 13.48% | 11.08% | 7.55% | 8.63% |
| CapEx Coverage | -13.80× | 1.92× | -20.11× | -15.45× | -24.40× | -26.00× |
| Free Cash Flow Per Share | $-0.07 | $0.01 | $-0.12 | $-0.08 | $-0.09 | $-0.00 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 11.51M | 12.13M | 14.02M | 13.62M | 12.01M | 15.08M |
| Cost of Goods and Services Sold | — | 0 | 100.00K | 100.00K | 100.00K | 300.00K |
| Cost of Revenue | 6.54M | 6.69M | 7.91M | 7.78M | 6.85M | 8.72M |
| Gross Profit | 4.97M | 5.43M | 6.11M | 5.84M | 5.16M | 6.36M |
| Research and Development Expense | 2.25M | 2.35M | 2.14M | 2.55M | 2.50M | 2.77M |
| Operating Expenses | 7.09M | 7.86M | 7.08M | 7.84M | 8.26M | 8.34M |
| Operating Income (Loss) | -2.11M | -2.42M | -967.00K | -2.00M | -3.10M | -1.98M |
| Income Tax Expense (Benefit) | 72.00K | 25.00K | 10.00K | 14.00K | 24.00K | -7.00K |
| Net Income (Loss) Attributable to Parent | -1.90M | -2.44M | -964.00K | -1.48M | -1.55M | -1.96M |
| Earnings Per Share, Basic | $-0.15 | $-0.20 | $-0.08 | $-0.12 | $-0.13 | $-0.17 |
| Weighted Average Number of Shares Outstanding, Basic | 12.31M | 11.84M | 11.79M | 11.84M | 11.58M | 11.05M |
| Earnings Per Share, Diluted | $-0.15 | $-0.20 | $-0.08 | $-0.12 | $-0.13 | $-0.17 |
| Weighted Average Number of Shares Outstanding, Diluted | 12.31M | 11.84M | 11.79M | 11.84M | 11.58M | 11.05M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.13M | 7.36M | 7.09M | 7.68M | 7.40M | 8.51M |
| Assets, Current | 23.84M | 25.76M | 25.24M | 24.55M | 24.03M | 25.83M |
| Assets | 43.39M | 45.34M | 45.54M | 45.52M | 46.12M | 48.44M |
| Liabilities, Current | 11.51M | 12.98M | 11.83M | 11.79M | 11.39M | 13.50M |
| Liabilities | 15.38M | 17.05M | 15.81M | 15.73M | 15.79M | 17.47M |
| Stockholders' Equity Attributable to Parent | 28.02M | 28.29M | 29.73M | 29.79M | 30.33M | 30.97M |
| Common Stock, Shares, Outstanding | 12.66M | 12.13M | 11.94M | 11.90M | 11.79M | 11.53M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -759.00K | 194.00K | -1.31M | -896.00K | -1.02M | -26.00K |
| Payments to Acquire Property, Plant, and Equipment | 55.00K | 101.00K | 65.00K | 58.00K | 42.00K | 1.00K |
| Net Cash Provided by (Used in) Investing Activities | -143.00K | -101.00K | -288.00K | -58.00K | -42.00K | -1.00K |
| Net Cash Provided by (Used in) Financing Activities | 722.00K | 166.00K | 184.00K | 117.00K | -43.00K | 1.20M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AIRG CIK 0001272842),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.