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. In the quarter to June 2026, revenue grew 92.1%, EPS grew 90.7% and free cash flow grew 87.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.05 0.06 −2.84%
Market cap
$72.7M
P/E
2.5×
Fwd P/E
−23.0×
Dividend yield
—
F-score
5/9
Altman Z
−0.85
Beneish M
12.48
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.72
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 3 1 — — 1 — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 28.76%

Capital & Financial Ratios $m

Market Cap 72.66
Revenue 18.15
Net Income 26.24
Free Cash Flow (3.51)
Net Debt (12.37)
Current Ratio 3.18 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 2.53
Fwd P/E (23.00) (negative: loss-making)
P/S ratio 3.89
P/B ratio 0.00
Past 5Y EPS Growth 44.65% (at or above 15%: strong)
This Y EPS Growth (107.89%) (below 0%: weak)
Next Y EPS Growth 166.67% (at or above 15%: strong)
Next Y revenue growth 78.83% (at or above 10%: strong)
Next 5Y EPS Growth —

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

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3 11 12 12
Receivables 2 1 6 4
Inventory — — — 1
Other — — — —
5 13 19 17
2023 2024 2025 Q'26
Payables 3 1 1 1
ST’ Debt 3 — — —
Other — — — —
12 6 6 5

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%

Revenue $m

Mar Jun Sep Dec Year
’26 6 4 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 (0.02) (0.07) — — —
’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.

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 — — — — — 9.60 9.66 1.66 1.34 2.71

Analyst estimates 2026–2028

Powerpack
High — — — — — 10.11 10.09 13.36 14.32 7.20
People
People Employees — — — — — 0 0 47 53 63
Revenue/emp, $m — — — — — 0.00 0.00 0.26 0.43 0.24
Income, $m
Income, $m Revenue — — — — — — 15 12 23 15
Gross margin, % — — — — — — 57.88 46.87 45.67 50.24
EBT — — — — — 5 0 16 (57) 29
EBT margin, % — — — — — 0.00 (3.28) 133.10 (249.30) 191.38
Net income — 0 — — — 5 0 16 (57) 29
Depreciation — — — — — — 1 1 0 0
Per share, $
Per share, $ Revenue — — — — — 0.00 1.09 0.90 0.94 0.47
Earnings — — — — — 0.57 (0.04) 1.20 (2.34) 0.90
Cash flow — — — — — (0.18) (0.22) (0.24) (0.26) (0.25)
Capex — — — — — 0.00 0.00 0.00 0.00 0.00
Free cash flow — — — — — (0.18) (0.22) (0.24) (0.26) (0.25)
Book value — — — — — (2.06) (0.62) (1.28) (2.16) (0.22)
Shares, m — — — — — 9 13 14 25 32
Valuation, ×
Valuation, × P/E — — — — — — 0.00 1.34 0.00 3.21
P/S — — — — — — 0.00 1.78 6.68 6.11
P/B — — — — — — 0.00 0.00 0.00 0.00
EV/Sales — — — — — — 0.00 1.85 6.31 5.54
EV/FCF — — — — — — (46.91) (6.93) (22.37) (10.61)
Cash, $m
Cash, $m Operating cash flow — — — — — (2) (3) (3) (7) (8)
Capex — — — — — — — — — —
Free cash flow — — — — — (2) (3) (3) (7) (8)
Balance, $m
Balance, $m Working capital — — — — — 2 (4) (7) 7 12
Total debt — — — — — — 2 3 — —
Net debt — — — — — (2) 1 0 (11) (12)
Shareholders’ equity — — — — — (18) (8) (17) (53) (7)
Returns, %
Returns, % ROA — — — — — 1.54 (0.30) 327.52 (580.59) 176.73
ROIC — — — — — 0.00 0.00 0.00 0.00 0.00
ROE — — — — — 3.49 3.70 (126.68) 163.00 (97.46)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $87.9M — (loss-making) — (loss-making) +17.21% (above 0%: growing) n/m −136.07% (below 0%: shrinking) 18.60% (207.59%) Compare
USIO Usio Inc $81.4M — (loss-making) — (loss-making) +18.62% (above 0%: growing) n/m −56.12% (below 0%: shrinking) 24.18% 1.59% Compare
VIVO Vivopower International Plc $75.4M — (loss-making) — (loss-making) −64.36% (below 0%: shrinking) −30.77% (below 0%: shrinking) −632.75% (below 0%: shrinking) 7.63% 0.00% Compare
AISP Airship AI Holdings, Inc. $72.7M 2.5× — (loss-making) +92.08% (above 0%: growing) n/m +87.08% (above 0%: growing) 75.12% (36.15%)
ATGL Alpha Technology Group Limited $72.4M — — — — — — — Compare
FATN FatPipe, Inc. $70.5M 12.6× 15.5× +27.84% (above 0%: growing) +80.00% (above 0%: growing) −24.05% (below 0%: shrinking) 92.25% 17.92% Compare
VERI Veritone, Inc. $67.5M — (loss-making) — (loss-making) +4.61% (above 0%: growing) n/m −31.94% (below 0%: shrinking) 63.70% (91.23%) Compare
AILEQ iLearningEngines, Inc. $59.3M — (loss-making) — — n/m −56.61% (below 0%: shrinking) 69.13% (62.87%) Compare
AIFC AI Financial Corporation $55.2M — (loss-making) — (loss-making) −62.15% (below 0%: shrinking) n/m −16.14% (below 0%: shrinking) 97.56% (29.33%) Compare
Median of peers $71.5M — — +10.91% — −56.12% 63.70% (29.33%)

All 173 Software Infrastructure stocks →

Airship AI Holdings, Inc. (AISP) key facts

  • Concern: Airship AI Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.3 million, down 33.5% from fiscal 2024.
  • Airship AI Holdings, Inc. (AISP) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, AISP traded at $2.05, a market capitalization of $72.7 million.
  • Return on equity was −97.5% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.85 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Airship AI Holdings, Inc. (AISP) Latest News

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