AIRGAIN INC
AIRG· Nasdaq· Radio & Tv Broadcasting & Communications Equipment
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -2.5%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +1.3%
We record prices for the companies we cover; AIRG is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 11.8M
- Revenue
- $51.8M
- Free cash flow
- -$1.3M
- Owner earnings
- -$4.2M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 43.5%
- Operating
- -16.4%
- Net
- -12.4%
- Free cash flow
- -2.5%
- Owner earnings
- -8.2%
- Stock pay
- 5.7%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -22.7%
- ROE, 5 yr avg
- -27.0%
Growth (CAGR)
- Revenue, 3 yr
- -12.0%
- Revenue, 5 yr
- 1.3%
- Revenue, 9 yr
- 2.0%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $7.4M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 4.0%
Financials: ten years from the 10-Ks
Revenue
$51.8M
+2.0% a year over 9 years
FY2016FY2025
Margins
Gross43.5%Operating-16.4%Net-12.4%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow-$1.3MOwner earnings-$4.2M
FY2025
FY2016FY2025
Diluted shares
11.8M
+153.7% over 9 years, net dilution
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $43.4M | $49.5M | $60.6M | $55.7M | $48.5M | $64.3M | $75.9M | $56.0M | $60.6M | $51.8M |
| Revenue growth | 56.3% | 14.0% | 22.4% | -8.1% | -13.0% | 32.5% | 18.1% | -26.2% | 8.1% | -14.6% |
| Gross margin | 44.4% | 47.1% | 43.7% | 45.4% | 46.6% | 38.3% | 36.9% | 37.1% | 40.9% | 43.5% |
| Operating margin | 7.9% | 2.0% | -5.6% | 0.7% | -6.6% | -18.9% | -11.3% | -22.1% | -14.7% | -16.4% |
| Net income | $3.7M | $1.1M | -$2.6M | $926.0K | -$3.3M | -$10.1M | -$8.7M | -$12.4M | -$8.7M | -$6.4M |
| Net margin | 8.6% | 2.3% | -4.3% | 1.7% | -6.8% | -15.7% | -11.4% | -22.2% | -14.3% | -12.4% |
| Diluted EPS | $0.40 | $0.11 | $-0.27 | $0.09 | $-0.34 | $-1.01 | $-0.85 | $-1.20 | $-0.79 | $-0.54 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $4.7M | -$255.0K | $1.4M | $2.4M | $3.7M | -$11.2M | $4.4M | -$3.3M | -$3.5M | -$1.1M |
| Capital expenditure | $275.6K | $263.0K | $990.0K | $1.2M | $727.0K | $736.0K | $763.0K | $346.0K | $178.0K | $166.0K |
| Free cash flow | $4.4M | -$518.0K | $387.0K | $1.2M | $3.0M | -$11.9M | $3.7M | -$3.6M | -$3.7M | -$1.3M |
| Stock-based compensation | $298.5K | $736.0K | $2.9M | $2.2M | $2.6M | $4.0M | $5.0M | $3.7M | $4.6M | $3.0M |
| Owner earnings? | $4.1M | -$1.3M | -$2.5M | -$1.1M | $413.0K | -$16.0M | -$1.3M | -$7.3M | -$8.3M | -$4.2M |
| Free cash flow per share | $0.94 | $-0.05 | $0.04 | $0.11 | $0.31 | $-1.19 | $0.36 | $-0.35 | $-0.34 | $-0.11 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | $1.3M | $2.2M | $1.2M | $608.0K | $97.0K | $0 | – | – | – |
| Diluted shares | 4.7M | 10.4M | 9.5M | 10.1M | 9.7M | 10.0M | 10.2M | 10.4M | 11.1M | 11.8M |
| Share count change? | 616.3% | 122.0% | -8.1% | 6.0% | -3.8% | 3.1% | 1.7% | 2.0% | 6.4% | 7.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | $45.2M | $15.0M | $13.6M | $13.2M | $38.2M | $14.5M | $11.9M | $7.9M | $8.5M | $7.4M |
| Short-term investments | – | $21.3M | $20.2M | $0 | $0 | – | – | – | – | – |
| Total debt | – | – | – | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | $45.0M | $46.2M | $45.1M | $47.9M | $47.7M | $44.2M | $39.8M | $31.4M | $31.0M | $28.3M |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-30 | DEF 14A | Proxy statement |
| 2026-02-26 | 10-K | Annual report |
| 2026-02-26 | 8-K | Earnings release |
| 2025-11-12 | 10-Q | Quarterly report |
| 2025-11-12 | 8-K | Earnings release |
| 2025-08-06 | 10-Q | Quarterly report |
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