Airgain Inc income statement
In fiscal 2025, Airgain Inc reported revenue of $51.8m, down 14.6% on the year before, operating income of −$8.5m (a -16.4% margin) and net income of −$6.4m, or −$0.54 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26 | 28 | 43 | 50 | 61 | 56 | 49 | 64 | 76 | 56 | 61 | 52 | 51 |
| Cost of revenue | 14 | 16 | 24 | 26 | 34 | 30 | 26 | 40 | 48 | 35 | 36 | 29 | 29 |
| Gross profit | 11 | 12 | 19 | 23 | 27 | 25 | 23 | 25 | 28 | 21 | 25 | 23 | 22 |
| Research and development | 3 | 4 | 6 | 7 | 9 | 9 | 9 | 11 | 11 | 11 | 12 | 10 | 10 |
| Selling and marketing | 4 | 4 | 6 | 7 | 11 | 7 | 6 | 10 | 11 | 9 | 9 | 9 | 9 |
| General and administrative | 3 | 3 | 5 | 8 | 10 | 9 | 10 | 14 | 14 | 14 | 13 | 12 | 11 |
| Operating income | 1 | −0 | 3 | 1 | −3 | 0 | −3 | −12 | −9 | −12 | −9 | −8 | −7 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Income before tax | 4 | −0 | 4 | 1 | −2 | 1 | −3 | −12 | −9 | −12 | −9 | −6 | −7 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −2 | 0 | 0 | −0 | 0 | 0 |
| Net income | 4 | −0 | 4 | 1 | −3 | 1 | −3 | −10 | −9 | −12 | −9 | −6 | −7 |
| Diluted EPS | −$2.86 | −$4.30 | $0.40 | $0.11 | −$0.27 | $0.09 | −$0.34 | −$1.01 | −$0.85 | −$1.20 | −$0.79 | −$0.54 | −$0.57 |
| Diluted shares (average) | — | — | 5m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 11m | 12m | 12m |
| EBITDA | 1 | 0 | 4 | 1 | −3 | 1 | −3 | −12 | −8 | −12 | −8 | −8 | −7 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 15 | 12 | 14 | 14 | 12 | 12 | 14 |
| Cost of revenue | 9 | 9 | 7 | 8 | 8 | 7 | 7 | 8 |
| Gross profit | 7 | 6 | 5 | 6 | 6 | 5 | 5 | 6 |
| Research and development | 3 | 3 | 2 | 3 | 2 | 2 | 2 | 3 |
| Selling and marketing | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| General and administrative | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| Operating income | −2 | −2 | −3 | −2 | −1 | −2 | −2 | −2 |
| Income before tax | −2 | −2 | −2 | −1 | −1 | −2 | −2 | −2 |
| Income tax | −0 | −0 | 0 | 0 | 0 | 0 | 0 | −0 |
| Net income | −2 | −2 | −2 | −1 | −1 | −2 | −2 | −2 |
| Diluted EPS | −$0.16 | −$0.17 | −$0.13 | −$0.12 | −$0.08 | −$0.20 | −$0.15 | −$0.13 |
| EBITDA | −2 | −2 | −3 | −2 | −1 | −2 | −2 | −2 |
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