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Sunday 11 October 2026 Export all AIRG data to Excel Powerpack

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. 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%
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 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (22.40) (negative: loss-making)
P/S ratio 1.01
P/B ratio 1.77
Past 5Y EPS Growth —
This Y EPS Growth 141.18% (at or above 15%: strong)
Next Y EPS Growth 342.86% (at or above 15%: strong)
Next Y revenue growth 9.19%
Next 5Y EPS Growth 35.00% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 1.1×; over the ten years it ranged from 0.0× in 2017 to 3.9× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Airgain, Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

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.

Airgain, Inc. (AIRG) Latest News

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stockrow.com/AIRG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com