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Airgain, Inc.(AIRG)Earnings, Financials & Key Ratios
AIRG•NASDAQ
$6.23
Price updated Jun 30, 2026
AboutAirgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand. It provides embedded antenna technologies to enable high performance wireless networking in a range of devices and markets, including consumer, enterprise, and automotive. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.Show more
- Revenue$52M-14.6%
- EBITDA-$5M+10.6%
- Net Income-$6M+26.0%
- EPS (Diluted)-0.54+31.6%
- Gross Margin43.54%+6.4%
- EBITDA Margin-9.24%-4.7%
- Operating Margin-16.38%-11.2%
- Net Margin-12.41%+13.4%
- ROE-21.69%+22.1%
AIRG Price & Volume
Airgain, Inc. (AIRG) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Challenges Operational Profitability Goals
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Persistent negative operating margins
Key Thesis Takeaways
- Airgain faces a challenging fundamental outlook characterized by persistent revenue contraction, with a 4.2% year-over-year decline in 2026Q1, and an inability to achieve operating leverage as SG&A expenses consume 42% of revenue.
- The company's reliance on debt financing, which has grown to $4.5M, combined with a $95.5M retained earnings deficit, suggests significant long-term value creation risks.
- Investors should monitor the company's ability to stabilize its cash position, currently at $7.1M, against ongoing negative free cash flow margins of -7.1%.
Verdict Logic
the company's inability to achieve positive operating margins, coupled with a $95.5M retained earnings deficit and negative free cash flow, suggests a high risk of continued shareholder dilution.
AIRG Growth Metrics
Airgain, Inc. (AIRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.42%
5 Years1.32%
3 Years-11.97%
TTM-12.17%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM24.21%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM28.99%
Return on Capital
10 Years-12.34%
5 Years-24.99%
3 Years-27.4%
Last Year-25.21%
AIRG Recent Earnings
Airgain, Inc. (AIRG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.08+0.0%
$0.08
Rev
$12M+0.3%
$11M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.03-200.0%
$0.01
Rev
$12M-5.5%
$13M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.01+0.0%
$0.01
Rev
$14M+9.3%
$13M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.04+33.3%
$0.06
Rev
$14M-3.6%
$14M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.08vs $0.08+0.0% | $12Mvs $11M+0.3% |
| Q1 2026 | Feb 26, 2026 | $0.03vs $0.01-200.0% | $12Mvs $13M-5.5% |
| Q4 2025 | Nov 12, 2025 | $0.01vs $0.01+0.0% | $14Mvs $13M+9.3% |
| Q3 2025 | Aug 6, 2025 | $0.04vs $0.06+33.3% | $14Mvs $14M-3.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Airgain, Inc. (AIRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.23 | $76.15M | -11.54 | -14.55% | -12.41% | -21.69% | — | |
| $1.52 | $1.52M | -0.19 | -15.97% | -19.58% | -46.71% | — | |
| $13.02 | $830.7M | 38.29 | 47.87% | 6.8% | 7.33% | — | |
| $10.45 | $216.63M | 13.93 | 1.49% | 10.33% | 7.28% | — | |
| $67.71 | $10.18B | 21.98 | -2.18% | 8.93% | 6.3% | — | |
| $93.54 | $8.67B | 25.84 | -1.09% | 9.22% | 9.69% | — |
Compare AIRG vs Peers
Airgain, Inc. (AIRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AIRG SEC Filings & Documents
Airgain, Inc. (AIRG) SEC filings — annual & quarterly reports (10-K, 10-Q)
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AIRG Frequently Asked Questions
Airgain, Inc. (AIRG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Airgain, Inc.'s revenue?
Airgain, Inc. (AIRG) reported $51.3M in revenue for fiscal year 2025. This represents a 182% increase from $18.2M in 2012.
How fast is Airgain, Inc. growing?
Airgain, Inc. (AIRG) saw revenue decline by 14.6% over the past year.
Is AIRG profitable?
Airgain, Inc. (AIRG) reported a net loss of $5.9M for fiscal year 2025.
Dividend & Returns
What is AIRG's return on equity?
Airgain, Inc. (AIRG) has a return on equity (ROE) of -21.7%. Negative ROE indicates the company is unprofitable.
What is Airgain, Inc.'s free cash flow?
Airgain, Inc. (AIRG) had negative free cash flow of $1.2M in fiscal year 2025, likely due to heavy capital investments.