Airship AI Holdings, Inc.

AISP Technology Software Infrastructure

Airship AI Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.3 million, down 33.5% from fiscal 2024.

Revenue
+429.2%
EPS
+40.0%
Free cash flow
+165.8%

Quarter to September 2026, against a year earlier

1.80 0.06 +3.45%
Market cap
$59.9M
P/E
2.0×
Fwd P/E
−17.3×
Dividend yield
—
F-score
5/9
Altman Z
−0.85
Beneish M
12.48
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.36
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — 1 — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 28.77%

Capital & Financial Ratios $m

Size
Market Cap 59.92
Revenue ttm 23.20
Net income ttm 29.45
Free cash flow ttm (2.54)
Net debt Q (12.74)
Valuation
P/E 2.02
Forward P/E (17.30) (negative: loss-making)
Price / sales 2.67
Forward P/S Powerpack
Price / FCF 0.00
Price / book 40.26 (above 6: high)
Financial health
Current ratio Q 2.30 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (1.72)
Growth
Revenue growth Q +429.18% (above 0%: growing)
Operating income growth Q +80.44% (above 0%: growing)
EPS, this year −107.89% (below 0%: weak)
EPS, next year A +166.67% (at or above 15%: strong)
Revenue, next year A +78.83% (at or above 10%: strong)
EPS, past 5 yrs +44.65% (at or above 15%: strong)
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3 11 12 13
Receivables 2 1 6 —
Inventory — — — 1
Other — — — —
5 13 19 20
2023 2024 2025 Q'26
Payables 3 1 1 1
ST’ Debt 3 — — —
Other — — — —
12 6 6 9

Compound Annual Growth %

10y 5y 3y
Sales — — 1.74%
Cash Flow — 0.00% 0.00%
Earnings — 42.33% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.02) (0.07) 0.25 — —
’25 0.61 (0.75) 0.15 0.61 0.76
’24 (1.40) 0.58 0.17 (2.03) (2.34)
’23 (0.08) (0.14) (0.07) 1.09 0.80
’22 0.58 0.21 0.17 (0.99) (0.04)
’21 (0.14) (0.55) 1.07 0.19 0.57
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 6 4 6 — —
’25 6 2 1 6 15
’24 11 6 3 3 23
’23 3 3 2 4 12
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1 0 0 — —
’25 (2) (2) (1) (4) (8)
’24 (2) (2) 0 (2) (7)
’23 (1) 0 (2) (1) (3)
’22 0 0 0 (2) (3)
’21 (1) 0 0 0 (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1 0 0 — —
’25 (2) (2) (1) (4) (8)
’24 (2) (2) 0 (2) (7)
’23 (1) 0 (2) (1) (3)
’22 0 0 0 (2) (3)
’22 — — — — (1)
’21 (1) 0 0 0 (2)
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

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — 15 12 23 15 23 +1.7% 27 41 — +62.6%
Gross margin, % — — — — — — 57.88 46.87 45.67 50.24 56.43 (7.6) pt
EBT — — — — — 5 0 16 (57) 29 29 +55.5%
EBT margin, % — — — — — 0.00 (3.28) 133.10 (249.30) 191.38 126.92 +191.4 pt
Net income — 0 — — — 5 0 16 (57) 29 29 n/m
Per share, $
Per share, $ Revenue — — — — — 0.00 1.09 0.90 0.94 0.47 0.67 n/m
Earnings — — — — — 0.57 (0.04) 1.20 (2.34) 0.90 0.89 +11.9%
Cash flow — — — — — (0.18) (0.22) (0.24) (0.26) (0.25) (0.07) +8.7%
Capex — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow — — — — — (0.18) (0.22) (0.24) (0.26) (0.25) (0.07) +8.7%
Book value — — — — — (2.06) (0.62) (1.28) (2.16) (0.22) 0.04 (42.8%)
Shares, m — — — — — 9 13 14 25 32 34 +38.7%
Valuation, ×
Valuation, × P/E — — — — — — 0.00 1.34 0.00 3.21 2.02 1.1
P/S — — — — — — 0.00 1.78 6.68 6.11 2.67 3.6
P/B — — — — — — 0.00 0.00 0.00 0.00 40.26 0.0
EV/Sales — — — — — — 0.00 1.85 6.31 5.54 2.25 3.4
EV/FCF — — — — — — (46.91) (6.93) (22.37) (10.61) (20.59) (21.7)
Cash, $m
Cash, $m Operating cash flow — — — — — (2) (3) (3) (7) (8) (3) +50.7%
Capex — — — — — — — — — — — —
Free cash flow — — — — — (2) (3) (3) (7) (8) (3) +50.7%
Balance, $m
Balance, $m Working capital — — — — — 2 (4) (7) 7 12 11 +56.6%
Net debt — — — — — (2) 1 0 (11) (12) (13) +63.0%
Shareholders’ equity — — — — — (18) (8) (17) (53) (7) 2 (20.6%)
Returns, %
Returns, % ROA — — — — — 1.54 (0.30) 327.52 (580.59) 176.73 203.87 +175.2 pt
ROIC — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — — — — 3.49 3.70 (126.68) 163.00 (97.46) (152.81) (100.9) pt
People
People Employees — — — — — 0 0 47 53 63 — n/m
Revenue/emp, $m — — — — — 0.00 0.00 0.26 0.43 0.24 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Airship AI Holdings, Inc. vs peers in Software Infrastructure (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
DAVA Endava PLC Sponsored ADR $71.7M — (loss-making) — (loss-making) +17.21% (above 0%: growing) n/m −136.07% (below 0%: shrinking) 18.60% (207.59%) Compare
AGPU Axe Compute Inc. $70.1M — (loss-making) — (loss-making) +118,974.07% (above 0%: growing) n/m +221.90% (above 0%: growing) 6.27% (538.97%) Compare
FATN FatPipe, Inc. $64.6M 9.2× 12.4× +22.10% (above 0%: growing) n/m −371.94% (below 0%: shrinking) 89.97% 17.47% Compare
AISP Airship AI Holdings, Inc. $59.9M 2.0× — (loss-making) +429.18% (above 0%: growing) +40.00% (above 0%: growing) +165.77% (above 0%: growing) 56.22% (9.00%)
VIVO Vivopower International Plc $58.6M — (loss-making) — (loss-making) −64.36% (below 0%: shrinking) −30.77% (below 0%: shrinking) −632.75% (below 0%: shrinking) 7.63% 0.00% Compare
VERI Veritone, Inc. $58.1M — (loss-making) — (loss-making) +4.61% (above 0%: growing) n/m −31.94% (below 0%: shrinking) 63.70% (91.23%) Compare
DVLT Datavault AI Inc. $56.2M — (loss-making) — (loss-making) +287.15% (above 0%: growing) n/m −956.82% (below 0%: shrinking) 42.85% (393.87%) Compare
HOST Healthy Choice Wellness Corp. $50.6M — (loss-making) — (loss-making) −17.77% (below 0%: shrinking) n/m −215.75% (below 0%: shrinking) 38.60% (15.90%) Compare
AIB AIB Data Centers Inc. $50.0M — (loss-making) — −35.21% (below 0%: shrinking) n/m −410.39% (below 0%: shrinking) (17.74%) (122.79%) Compare
Median of peers $58.3M — — +10.91% — −293.84% 28.60% (107.01%)

All 183 Software Infrastructure stocks →

Airship AI Holdings, Inc. (AISP) Latest News

5 Nov

11 May

Impact 4 · · GlobeNewswire

17 Jan

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

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26 Nov

Impact 4 · · insidertrades.com

17 Nov

Impact 4 · · GlobeNewswire

28 Oct

Impact 4 · · Insider MonkeyInsider Monkey

16 Sep

Impact 3 · · Simply Wall St.

17 May

stockrow.com/AISP · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com