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AIRG (Airgain, Inc.) Stock Financials & Earnings | Market Cap Arena
AIRG
Airgain, Inc.
Mkt Cap
$48M
Technology
·
Communication Equipment
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$52M
Net Income (TTM)
-$6M
EPS (TTM)
-$0.54
Free Cash Flow (TTM)
-$2M
Gross Margin
43.5%
Op. Margin
-16.4%
Net Margin
-12.4%
FCF Margin
-2.9%
P/S Ratio (TTM)
0.9x
P/E Ratio (TTM)
—
YoY Rev Growth
-14.6%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$16M
$6M
-$3M
Q2 23
$16M
$6M
-$2M
Q3 23
$14M
$5M
-$2M
Q4 23
$10M
$3M
-$5M
Q1 24
$14M
$6M
-$3M
Q2 24
$15M
$6M
-$3M
Q3 24
$16M
$7M
-$2M
Q4 24
$15M
$6M
-$2M
Q1 25
$12M
$5M
-$3M
Q2 25
$14M
$6M
-$2M
Q3 25
$14M
$6M
-$967K
Q4 25
$12M
$5M
-$2M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.6x
—
Q2 23
0.7x
—
Q3 23
0.7x
—
Q4 23
0.9x
—
Q1 24
0.9x
—
Q2 24
0.9x
—
Q3 24
0.9x
—
Q4 24
0.8x
—
Q1 25
0.8x
—
Q2 25
0.8x
—
Q3 25
0.9x
—
Q4 25
0.9x
—
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$1M
-$2M
Q2 23
-$570K
-$585K
Q3 23
$640K
$572K
Q4 23
-$2M
-$2M
Q1 24
-$1M
-$1M
Q2 24
-$1M
-$1M
Q3 24
-$1M
-$1M
Q4 24
-$26K
-$27K
Q1 25
-$1M
-$1M
Q2 25
$129K
$113K
Q3 25
-$411K
-$641K
Q4 25
$194K
$93K
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$89K
Q2 23
$15K
Q3 23
$68K
Q4 23
$174K
Q1 24
$60K
Q2 24
$90K
Q3 24
$27K
Q4 24
$1K
Q1 25
$42K
Q2 25
$16K
Q3 25
$230K
Q4 25
$101K
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-6.2%
-3.6%
Q2 23
-17.9%
-13.7%
Q3 23
-28.7%
-23.7%
Q4 23
-49.4%
-32.8%
Q1 24
-13.5%
-12.3%
Q2 24
-4.1%
-2.0%
Q3 24
+17.6%
+14.8%
Q4 24
+49.8%
+9.7%
Q1 25
-15.6%
-10.4%
Q2 25
-10.3%
-11.7%
Q3 25
-12.9%
-16.4%
Q4 25
-19.6%
-14.8%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$981K
6.0%
Q2 23
$968K
6.1%
Q3 23
$523K
3.8%
Q4 23
$1M
12.0%
Q1 24
$1M
7.4%
Q2 24
$1M
7.9%
Q3 24
$1M
6.7%
Q4 24
$1M
8.6%
Q1 25
$907K
7.6%
Q2 25
$603K
4.4%
Q3 25
$380K
2.7%
Q4 25
$1M
8.9%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$2M
$4M
$3M
Q2 23
$3M
$4M
$2M
Q3 23
$2M
$3M
$2M
Q4 23
$3M
$3M
$2M
Q1 24
$3M
$3M
$2M
Q2 24
$3M
$3M
$2M
Q3 24
$3M
$3M
$2M
Q4 24
$3M
$3M
$2M
Q1 25
$2M
$3M
$2M
Q2 25
$3M
$3M
$2M
Q3 25
$2M
$3M
$2M
Q4 25
$2M
$3M
$2M
marketcaparena.com
Revenue by Geography
China
North America
Other Countries
China Including Hong Kong and Taiwan
Quarter
China
North America
Other Countries
China Including Hong Kong and Taiwan
Q1 23
$6M
$10M
$307K
—
Q2 23
$6M
$9M
$333K
—
Q3 23
$5M
$8M
$474K
—
Q1 24
—
$10M
$904K
$3M
Q2 24
—
$9M
$450K
$5M
Q3 24
—
$9M
$501K
$7M
Q1 25
—
$5M
$280K
$7M
Q2 25
—
$7M
$282K
$6M
Q3 25
—
$7M
$196K
$7M
Q4 25
—
$5M
$199K
$7M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$10M
$0
$10M
Q2 23
$9M
$0
$9M
Q3 23
$10M
$0
$10M
Q4 23
$8M
$0
$8M
Q1 24
$7M
$0
$7M
Q2 24
$8M
$0
$8M
Q3 24
$7M
$0
$7M
Q4 24
$9M
$0
$9M
Q1 25
$7M
$0
$7M
Q2 25
$8M
$0
$8M
Q3 25
$7M
$0
$7M
Q4 25
$7M
$0
$7M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
10M
+0.4%
Q2 23
10M
+1.4%
Q3 23
10M
+0.2%
Q4 23
10M
+0.2%
Q1 24
11M
+0.7%
Q2 24
11M
+3.9%
Q3 24
11M
+3.4%
Q4 24
11M
+0.9%
Q1 25
12M
+1.4%
Q2 25
12M
+2.3%
Q3 25
12M
-0.4%
Q4 25
12M
+0.4%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
—
—
FY 15
—
—
FY 16
$1M
38
FY 17
$627K
79
FY 18
$705K
86
FY 19
$442K
126
FY 20
$1M
47
FY 21
$918K
70
FY 22
$1M
68
FY 23
$890K
63
FY 24
$1M
59
FY 25
$1M
47
marketcaparena.com