Monday 2 November 2026 Export AIRG’s income statement to Excel — free account

Airgain, Inc.

AIRG Technology Communication Equipment

Airgain, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $51.8 million, down 14.6% from fiscal 2024.

Revenue: +0.55%
EPS: −8.33%
Free cash flow: −1,715.9%

Quarter to June 2026, against a year earlier

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4.12 0.07 −1.67%

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Market cap: $54.8M
P/E: 0.0×
Fwd P/E: −12.1×
Dividend yield: —
F-score: 5/9
Altman Z: −0.34
Beneish M: −3.00
Dividend safety: n/a

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	7	3	5	7	4	2	6	3	6	5
P/E ratio Full definition →	9.09	82.06	0.00	115.82	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score Full definition →	3.42	5.74	7.85	9.86	14.75	2.31	2.22	0.07	1.11	(0.34)
P/S ratio Full definition →	1.08	1.77	1.56	1.86	3.56	1.66	0.91	0.67	1.29	0.93
P/FCF ratio Full definition →	10.66	0.00	243.81	89.71	58.02	0.00	18.75	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	7.03	6.71	7.32	9.39	8.38	(0.42)	(0.43)	(3.57)	(3.58)	(4.40)
P/Operating CF Full definition →	17.34	118.69	36.04	69.34	760.86	(25.07)	29.32	(19.31)	(3,001.31)	247.79
Beneish M-Score Full definition →	(2.28)	(1.46)	(2.84)	(2.45)	(3.54)	(0.96)	(3.60)	(3.60)	(2.63)	(3.00)
P/B ratio Full definition →	1.04	1.90	2.09	2.16	3.62	2.41	1.74	1.19	2.52	1.70
Price to Tangible BV Full definition →	1.08	2.11	2.32	2.38	4.23	5.58	3.90	3.03	5.45	3.28
EV/Sales Full definition →	0.07	1.04	1.00	1.24	2.78	1.44	0.76	0.53	1.15	0.79
EV/EBITDA Full definition →	0.70	27.26	0.00	26.93	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	0.65	(202.59)	44.22	29.13	36.41	(8.27)	12.98	(9.05)	(19.81)	(36.88)
EV/FCF Full definition →	0.69	(99.73)	157.36	59.77	45.31	(7.75)	15.62	(8.19)	(18.85)	(32.09)
Quick Ratio Full definition →	5.45	4.60	5.43	6.29	6.27	1.27	1.60	1.53	1.49	1.55
Current Ratio Full definition →	5.50	4.74	5.74	6.67	6.63	1.78	2.11	1.91	1.91	1.98
Net Debt/EBITDA Full definition →	(10.14)	(19.16)	14.54	(28.69)	18.82	1.69	2.44	0.90	1.63	1.54
Debt/Assets Full definition →	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	1.22	0.88	1.11	1.04	0.88	1.06	1.26	1.16	1.34	1.10
Operating CF/Net income Full definition →	2.13	(0.22)	(0.53)	2.56	(1.13)	1.11	(0.51)	0.27	0.41	0.17
Capex/Depreciation Full definition →	(0.32)	(0.28)	(0.93)	(1.45)	(0.63)	(0.21)	(0.20)	(0.10)	(0.05)	(0.11)
Interest Coverage Full definition →	19.35	9.79	(109.23)	0.53	(16.16)	(466.31)	(136.19)	—	—	—
ROE Full definition →	(1,258.85%)	2.50%	(5.66%)	1.99%	(6.86%)	(21.95%)	(20.62%)	(34.89%)	(27.85%)	(21.69%)
ROA Full definition →	6.16%	2.03%	(4.73%)	1.72%	(5.98%)	(16.63%)	(14.34%)	(25.72%)	(19.16%)	(13.70%)
ROIC Full definition →	179.16%	6.11%	(18.63%)	1.82%	(20.80%)	(25.55%)	(19.21%)	(32.93%)	(24.85%)	(25.33%)
Return on Tangible Assets Full definition →	5.18%	3.05%	(6.99%)	2.29%	(8.01%)	(55.12%)	(50.88%)	(107.17%)	(60.66%)	(44.40%)
Average Days of Receivables Full definition →	43.32	62.05	42.22	50.13	35.99	61.09	42.04	48.03	70.30	90.05
Research and Development Expense of Revenue Full definition →	12.94%	14.78%	15.37%	16.13%	18.88%	16.99%	14.95%	18.75%	19.58%	18.43%
Selling, General and Administrative Expense of Revenue Full definition →	23.49%	30.32%	33.94%	28.62%	34.25%	36.98%	33.21%	40.43%	36.08%	41.50%
Intangible Assets out of Total Assets Full definition →	0.03	0.08	0.09	0.08	0.13	0.38	0.41	0.45	0.34	0.30
Share Based Compensation of Revenue Full definition →	0.69%	1.49%	4.80%	3.95%	5.29%	6.30%	6.56%	6.57%	7.65%	5.72%
Graham Net Nets Full definition →	0.85	0.41	0.37	0.37	0.22	0.12	0.18	0.22	0.11	0.18
Graham Number Full definition →	21.43	3.51	0.00	3.21	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	11.01%	1.22%	(2.83%)	0.86%	(1.91%)	(9.41%)	(12.50%)	(33.06%)	(11.19%)	(13.05%)
Free Cash Flow Yield Full definition →	9.38%	(0.59%)	0.41%	1.11%	1.72%	(11.18%)	5.33%	(9.75%)	(4.75%)	(2.66%)
Revenue per Share Full definition →	12.88	5.22	6.37	5.76	4.99	6.42	7.45	5.39	5.48	4.37
Operating CF per Share Full definition →	1.38	(0.03)	0.14	0.24	0.38	(1.11)	0.44	(0.32)	(0.32)	(0.09)
Capex per Share Full definition →	(0.08)	(0.03)	(0.10)	(0.13)	(0.07)	(0.07)	(0.07)	(0.03)	(0.02)	(0.03)
Free Cash Flow per Share Full definition →	1.30	(0.05)	0.04	0.12	0.31	(1.19)	0.36	(0.35)	(0.34)	(0.13)
Cash per Share Full definition →	13.39	3.83	3.55	3.60	3.93	1.45	1.17	0.76	0.77	0.62
Shareholders Equity per Share Full definition →	13.35	4.87	4.74	4.95	4.91	4.41	3.91	3.02	2.80	2.39
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	13.35	4.87	4.74	4.95	4.91	4.41	3.91	3.02	2.80	2.39
Free Cash Flow Full definition →	4.39	(0.52)	0.39	1.15	2.98	(11.91)	3.70	(3.65)	(3.70)	(1.50)
Working Capital Full definition →	41.57	36.35	35.57	38.33	38.58	15.60	14.25	9.09	12.33	12.78
Capital Expenditures Full definition →	(0.28)	(0.26)	(0.99)	(1.21)	(0.73)	(0.74)	(0.75)	(0.35)	(0.18)	(0.39)
Net Current Asset Value Full definition →	39.78	36.01	35.33	38.27	38.25	13.27	12.58	8.27	8.36	8.71
EV/EBIT Full definition →	0.88	53.32	0.00	181.51	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.01	0.01	0.02	0.02	0.02	0.01	0.01	0.01	0.00	0.01
Price to Operating Income Full definition →	13.57	90.45	0.00	272.43	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	1.08	0.89	0.76	0.39	0.49	1.32	1.34	1.45	1.86	2.18
Cash ROIC Full definition →	4.80%	(0.63%)	0.49%	1.39%	3.47%	(20.29%)	7.15%	(9.28%)	(9.38%)	(4.21%)
Accounts Receivable Turnover Full definition →	9.77	7.30	7.86	7.60	7.80	8.27	7.78	6.95	6.36	4.24
Accounts Payable Turnover Full definition →	7.08	6.62	8.42	7.63	7.61	9.39	8.00	5.44	4.48	3.12
Inventory Turnover Full definition →	181.29	59.03	32.60	23.91	23.46	7.96	7.27	10.64	11.27	7.76
Average Days of Payables Full definition →	59.67	55.25	44.26	46.06	41.90	50.37	49.56	66.96	96.86	115.04
Days of Inventory on Hand Full definition →	2.22	10.32	14.45	14.32	14.31	82.35	32.19	24.86	40.30	44.70
Average Receivables Full definition →	4.44	6.79	7.72	7.33	6.22	7.77	9.75	8.06	9.52	12.22
Average Payables Full definition →	3.41	3.96	4.05	3.99	3.41	4.22	5.99	6.49	7.99	9.36
Average Inventory Full definition →	0.13	0.44	1.05	1.27	1.10	4.98	6.59	3.31	3.18	3.77
Average Assets Full definition →	35.66	56.18	54.60	53.82	54.83	60.66	60.40	48.31	45.34	46.89
Average Common Equity Full definition →	(0.17)	45.63	45.69	46.53	47.82	45.96	42.00	35.62	31.19	29.63

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