Airgain vs Franklin Wireless
Airgain is the larger business, with $51.8m of revenue in fiscal 2025 against $36.5m for Franklin Wireless (1.4 times as much). Airgain grew faster (-14.6% against -20.8%). Airgain kept more of each dollar of sales as profit: a net margin of -12.4% against -13.0%.
| Latest fiscal year | AirgainAIRG, 2025 | Franklin WirelessFKWL, 2026 |
|---|---|---|
| Revenue | $51.8m | $36.5m |
| Revenue growth | -14.6% | -20.8% |
| Net income | −$6.4m | −$4.7m |
| Operating margin | -16.4% | — |
| Net margin | -12.4% | -13.0% |
| Return on equity | -21.7% | -14.9% |
| Free cash flow | −$1.3m | −$6.3m |
| Cash | $7.4m | $13.4m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $0 |
| Employees | 106 | 69 |
| Market value | $54.9m | $25.5m |
| Price vs our value range | — | — |
| Moat score | 34 (Weak) | 45 (Moderate) |
| Insider trades, 12 months | 3 buys, 26 sales | 0 buys, 0 sales |