Airship AI Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/21/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $15.3M | $23.1M | $12.3M | — | $14.5M |
| Cost of revenue | $6.2M | $10.8M | $4.8M | — | $6.1M |
| Gross profit | $7.7M | $10.5M | $5.8M | — | $8.4M |
| Selling, general & administrative | $11.8M | $11.2M | $9.7M | — | $7.6M |
| Research and development | $3.1M | $2.8M | $2.7M | — | — |
| Operating expenses | $14.9M | $14.0M | $12.4M | — | $11.2M |
| Operating income | -$7.2M | -$3.5M | -$6.6M | — | -$2.8M |
| Interest expense | — | — | $55,685 | — | $75,256 |
| Pretax income | — | -$57.5M | $16.4M | — | — |
| Income tax expense | $0 | $0 | $0 | — | $10,000 |
| Net income | $29.3M | -$57.5M | $16.4M | $16.4M | -$487,493 |
| Balance Sheet | |||||
| Cash and equivalents | $11.8M | $11.4M | $3.1M | — | $298,614 |
| Current assets | $18.5M | $12.7M | $4.8M | — | $2.0M |
| Total assets | $19.5M | $13.7M | $6.1M | — | $3.9M |
| Current liabilities | $6.3M | $5.7M | $11.9M | — | $6.0M |
| Total liabilities | $26.6M | $66.7M | $23.6M | — | $12.3M |
| Stockholders' equity | -$7.1M | -$53.0M | -$17.5M | — | -$8.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$8.0M | -$6.5M | -$3.3M | — | -$2.9M |
| Depreciation and amortization | $0 | $1,861 | $14,879 | — | $14,879 |
| Stock-based compensation | $1.6M | $1.4M | $715,727 | — | $546,460 |
| Impairments | — | — | — | — | $5.0M |
Shares outstanding 34.4M · Free float 10.8%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.