AIRGAIN INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $51.8M | $60.6M | $56.0M | $75.9M | $64.3M |
| Cost of revenue | $200,000 | $500,000 | $400,000 | $500,000 | $400,000 |
| Gross profit | $22.5M | $24.8M | $20.8M | $28.0M | $24.6M |
| Research and development | $9.5M | $11.9M | $10.5M | $11.3M | $10.9M |
| Operating expenses | $31.0M | $33.7M | $33.2M | $36.6M | $36.7M |
| Operating income | -$8.5M | -$8.9M | -$12.4M | -$8.6M | -$12.1M |
| Pretax income | -$6.4M | -$8.8M | -$12.3M | -$8.6M | -$12.1M |
| Income tax expense | $73,000 | -$152,000 | $128,000 | $84,000 | -$2.0M |
| Net income | -$6.4M | -$8.7M | -$12.4M | -$8.7M | -$10.1M |
| Balance Sheet | |||||
| Cash and equivalents | $7.4M | $8.5M | $7.9M | $11.9M | $14.5M |
| Current assets | $25.8M | $25.8M | $19.1M | $27.2M | $35.5M |
| Total assets | $45.3M | $48.4M | $42.2M | $54.4M | $66.4M |
| Current liabilities | $13.0M | $13.5M | $10.0M | $12.9M | $19.9M |
| Total liabilities | $17.0M | $17.5M | $10.8M | $14.6M | $22.2M |
| Stockholders' equity | $28.3M | $31.0M | $31.4M | $39.8M | $44.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$1.1M | -$3.5M | -$3.3M | $4.4M | -$11.2M |
| Depreciation and amortization | $463,000 | $548,000 | $661,000 | $675,000 | $546,000 |
| Stock-based compensation | $3.0M | $4.6M | $3.7M | $5.0M | $4.0M |
| Capital expenditure | $166,000 | $178,000 | $346,000 | $763,000 | $736,000 |
| Free cash flow | -$1.3M | -$3.7M | -$3.6M | $3.7M | -$11.9M |
| Share repurchases | — | — | — | $0 | $97,000 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 12.7M · Free float 85.5%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.