Sunday 11 October 2026 Export all AIRG data to Excel Powerpack

Airgain, Inc.

Airgain, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $51.8 million, down 14.6% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 8.33% and free cash flow fell 1,715.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

4.04 0.06 +1.51%

Follow AIRG

Alert me

Market cap: $52.1M
P/E: 0.0×
Fwd P/E: −22.4×
Dividend yield: —
F-score: 5/9
Altman Z: −0.34
Beneish M: −3.00
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.08

Total sells 0.58

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	1
Sell	3	—	3	3	5	2	3	1	—	—	1	—

Insider Ownership 21.42%

Capital & Financial Ratios $m

Market Cap 52.14

Revenue 51.35

Net Income (7.01)

Free Cash Flow (2.96)

Net Debt (7.61)

Current Ratio 2.01

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (22.40)

P/S ratio 1.01

P/B ratio 1.77

Past 5Y EPS Growth —

This Y EPS Growth 141.18%

Next Y EPS Growth 342.86%

Next Y revenue growth 9.19%

Next 5Y EPS Growth 35.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 22.87%

10-year low 10-year high

P/B against its own 10 years 28.17%

10-year low 10-year high

EV/Sales against its own 10 years 28.12%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8	9	7	8
Receivables	7	12	13	14
Inventory	2	4	4	4
Other	—	1	1	1
	19	26	26	28

	2023	2024	2025	Q'26
Payables	6	9	9	8
ST’ Debt	—	—	—	—
Other	1	2	1	1
	10	14	13	14

Compound Annual Growth %

	10y	5y	3y
Sales	6.42%	1.32%	(11.97%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	22.58%	(9.94%)	(10.77%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	12	14	—	—	—
’25	12	14	14	12	52
’24	14	15	16	15	61
’23	16	16	14	10	56
’22	18	19	19	20	76
’21	17	17	15	14	64
’20	11	11	13	13	49

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(2)	—	—	—
’25	(1)	0	0	0	(1)
’24	(1)	(1)	(1)	0	(4)
’23	(1)	(1)	1	(2)	(3)
’22	4	(2)	0	2	4
’21	(4)	(2)	(1)	(4)	(11)
’20	(1)	2	2	0	4

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(2)	—	—	—
’25	(1)	0	(1)	0	(2)
’24	(1)	(1)	(1)	0	(4)
’23	(2)	(1)	1	(2)	(4)
’22	4	(2)	0	2	4
’21	(4)	(2)	(1)	(4)	(12)
’20	(1)	2	2	0	3

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.15)	(0.13)	—	—	—
’25	(0.13)	(0.12)	(0.08)	(0.20)	(0.54)
’24	(0.23)	(0.23)	(0.16)	(0.17)	(0.79)
’23	(0.28)	(0.21)	(0.18)	(0.52)	(1.20)
’22	(0.25)	(0.16)	(0.13)	(0.31)	(0.85)
’21	0.02	(0.26)	(0.30)	(0.46)	(1.01)
’20	(0.12)	(0.08)	(0.03)	(0.11)	(0.34)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.36	7.31	7.40	8.28	5.63	9.05	5.87	1.63	3.06	3.00	Analyst estimates 2026–2028 Powerpack
	High	29.30	18.20	14.17	17.25	18.75	29.50	11.40	8.50	10.34	8.47
People
People	Employees	38	79	86	126	129	145	141	122	121	106
	Revenue/emp, $m	1.14	0.63	0.70	0.44	0.38	0.44	0.54	0.46	0.50	0.49
Income, $m
Income, $m	Revenue	43	50	61	56	49	64	76	56	61	52
	Gross margin, %	44.38	47.05	43.73	45.43	46.57	38.29	36.86	37.05	40.93	43.54
	EBT	4	1	(2)	1	(3)	(12)	(9)	(12)	(9)	(6)
	EBT margin, %	8.62	2.36	(4.10)	1.95	(6.20)	(18.88)	(11.30)	(21.95)	(14.59)	(12.27)
	Net income	4	1	(3)	1	(3)	(10)	(9)	(12)	(9)	(6)
	Depreciation	1	1	1	1	1	4	4	4	4	4
Per share, $
Per share, $	Revenue	12.88	5.22	6.37	5.76	4.99	6.42	7.45	5.39	5.48	4.37
	Earnings	0.65	0.12	(0.27)	0.10	(0.34)	(1.01)	(0.85)	(1.20)	(0.79)	(0.54)
	Cash flow	1.38	(0.03)	0.14	0.24	0.38	(1.11)	0.44	(0.32)	(0.32)	(0.09)
	Capex	(0.08)	(0.03)	(0.10)	(0.13)	(0.07)	(0.07)	(0.07)	(0.03)	(0.02)	(0.03)
	Free cash flow	1.30	(0.05)	0.04	0.12	0.31	(1.19)	0.36	(0.35)	(0.34)	(0.13)
	Book value	13.35	4.87	4.74	4.95	4.91	4.41	3.91	3.02	2.80	2.39
	Shares, m	3	9	10	10	10	10	10	10	11	12
Valuation, ×
Valuation, ×	P/E	9.09	82.06	0.00	115.82	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	1.08	1.77	1.56	1.86	3.56	1.66	0.91	0.67	1.29	0.93
	P/B	1.04	1.90	2.09	2.16	3.62	2.41	1.74	1.19	2.52	1.70
	EV/Sales	0.07	1.04	1.00	1.24	2.78	1.44	0.76	0.53	1.15	0.79
	EV/FCF	0.69	(99.73)	157.36	59.77	45.31	(7.75)	15.62	(8.19)	(18.85)	(32.09)
Cash, $m
Cash, $m	Operating cash flow	5	0	1	2	4	(11)	4	(3)	(4)	(1)
	Capex	0	0	(1)	(1)	(1)	(1)	(1)	0	0	0
	Free cash flow	4	(1)	0	1	3	(12)	4	(4)	(4)	(2)
Balance, $m
Balance, $m	Working capital	42	36	36	38	39	16	14	9	12	13
	Total debt	1	1	—	—	—	2	2	—	—	—
	Net debt	(44)	(36)	(34)	(35)	(38)	(15)	(12)	(8)	(9)	(7)
	Shareholders’ equity	45	46	45	48	48	44	40	31	31	28
Returns, %
Returns, %	ROA	6.16	2.03	(4.73)	1.72	(5.98)	(16.63)	(14.34)	(25.72)	(19.16)	(13.70)
	ROIC	179.16	6.11	(18.63)	1.82	(20.80)	(25.55)	(19.21)	(32.93)	(24.85)	(25.33)
	ROE	(1,258.85)	2.50	(5.66)	1.99	(6.86)	(21.95)	(20.62)	(34.89)	(27.85)	(21.69)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
OCC Optical Cable Corporation	$138.9M	54.5×	— (loss-making)	+21.99% (above 0%: growing)	+425.00% (above 0%: growing)	+156.41% (above 0%: growing)	37.43%	8.69%	Compare
AMPG AmpliTech Group, Inc.	$84.7M	— (loss-making)	21.6×	−26.81% (below 0%: shrinking)	n/m	−3.69% (below 0%: shrinking)	27.93%	(39.60%)	Compare
INSG Inseego	$76.7M	— (loss-making)	— (loss-making)	+9.35% (above 0%: growing)	n/m	−283.33% (below 0%: shrinking)	33.75%	(16.45%)	Compare
WATT Energous Corporation	$62.6M	— (loss-making)	— (loss-making)	+216.82% (above 0%: growing)	n/m	−90.60% (below 0%: shrinking)	3.04%	(103.37%)	Compare
AIRG Airgain, Inc.	$52.1M	— (loss-making)	— (loss-making)	+0.55% (above 0%: growing)	n/m	−1,715.93% (below 0%: shrinking)	42.26%	(12.30%)
CMTL Comtech Telecommunications Corp.	$35.4M	— (loss-making)	— (loss-making)	−16.39% (below 0%: shrinking)	n/m	+520.63% (above 0%: growing)	34.02%	(2.95%)	Compare
BOSC B.O.S. Better Online Solutions	$31.3M	8.7×	8.5×	+28.85% (above 0%: growing)	+46.15% (above 0%: growing)	+208.74% (above 0%: growing)	22.95%	7.20%	Compare
FKWL Franklin Wireless Corp.	$26.0M	— (loss-making)	71.5×	+21.21% (above 0%: growing)	n/m	−138.43% (below 0%: shrinking)	9.03%	(21.50%)	Compare
UTSI UTStarcom Holdings Corp	$21.5M	— (loss-making)	— (loss-making)	−25.06% (below 0%: shrinking)	n/m	−244.19% (below 0%: shrinking)	27.96%	0.00%	Compare
Median of peers	$49.0M	—	21.6×	+15.28%	—	−47.15%	27.95%	(9.70%)

All 47 Communication Equipment stocks →

Airgain, Inc. (AIRG) key facts

Concern: Airgain, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $51.8 million, down 14.6% from fiscal 2024.
Airgain, Inc. (AIRG) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
As of October 9, 2026, AIRG traded at $4.04, a market capitalization of $52.1 million.
Return on equity was −21.7% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.34 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.