Airship AI Holdings, Inc. income statement
In fiscal 2025, Airship AI Holdings, Inc. reported revenue of $15.3m, down 33.5% on the year before, operating income of −$7.2m (a -47.1% margin) and net income of $29.3m, or $0.76 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 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 15 | 12 | 23 | 15 | 18 |
| Cost of revenue | 6 | 7 | 13 | 8 | 8 |
| Gross profit | 8 | 6 | 11 | 8 | 10 |
| Research and development | — | 3 | 3 | 3 | 3 |
| Selling, general and administrative | 8 | 10 | 11 | 12 | 13 |
| Operating income | −3 | −7 | −4 | −7 | −7 |
| Net interest income | — | — | −1 | 0 | 0 |
| Non-interest expense | 0 | 0 | — | — | — |
| Income before tax | — | 16 | −57 | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 |
| Net income | −0 | 16 | −57 | 29 | 26 |
| Diluted EPS | — | $0.80 | −$2.34 | $0.76 | $0.69 |
| Diluted shares (average) | 13m | 20m | 25m | 39m | 38m |
| EBITDA | −3 | −7 | −4 | −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 | 3 | 3 | 6 | 2 | 1 | 6 | 6 | 4 |
| Cost of revenue | 1 | 2 | 3 | 1 | 1 | 3 | 3 | 1 |
| Gross profit | 2 | 1 | 2 | 2 | 1 | 3 | 3 | 3 |
| Research and development | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Selling, general and administrative | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Operating income | −2 | −1 | −2 | −2 | −3 | −1 | −2 | −1 |
| Interest expense | 0 | — | — | — | — | — | — | — |
| Net interest income | −0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-interest expense | −0 | — | — | — | — | — | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 6 | −50 | 24 | −24 | 6 | 23 | −1 | −2 |
| Diluted EPS | $0.17 | −$2.03 | $0.61 | −$0.75 | $0.15 | $0.61 | −$0.02 | −$0.07 |
| EBITDA | −2 | −1 | −2 | −2 | −3 | −1 | — | — |
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