Airgain vs Radcom
Radcom is the larger business, with $71.5m of revenue in fiscal 2025 against $51.8m for Airgain (1.4 times as much). Radcom grew faster (17.2% against -14.6%). Radcom kept more of each dollar of sales as profit: a net margin of 16.8% against -12.4%. Airgain carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | AirgainAIRG, 2025 | RadcomRDCM, 2025 |
|---|---|---|
| Revenue | $51.8m | $71.5m |
| Revenue growth | -14.6% | 17.2% |
| Net income | −$6.4m | $12.0m |
| Operating margin | -16.4% | 11.6% |
| Net margin | -12.4% | 16.8% |
| Return on equity | -21.7% | 11.4% |
| Free cash flow | −$1.3m | $14.2m |
| Cash | $7.4m | $30.5m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 106 | — |
| Market value | $54.9m | $168m |
| Price vs our value range | — | Below our value range |
| Moat score | 34 (Weak) | 53 (Moderate) |
| Insider trades, 12 months | 3 buys, 26 sales | 0 buys, 2 sales |