Airgain, Inc. (AIRG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 23.84M | 25.76M | 25.24M | 24.55M | 24.03M | 25.83M | 23.27M | 21.31M | 20.82M | 19.08M | 22.25M | 24.38M | 24.2M | 27.15M | 29.99M | 29.72M | 37M | 35.49M | 37.35M | 38.2M |
| Cash & Short-Term Investments | 7.13M | 7.36M | 7.15M | 7.68M | 7.4M | 8.51M | 7.35M | 8.42M | 7.21M | 7.92M | 10.03M | 9.35M | 9.92M | 11.98M | 9.27M | 9.49M | 18.7M | 14.55M | 18.95M | 20.24M |
| Cash Only | 7.13M | 7.36M | 7.15M | 7.68M | 7.4M | 8.51M | 7.35M | 8.42M | 7.21M | 7.92M | 10.03M | 9.35M | 9.92M | 11.98M | 9.27M | 9.49M | 18.7M | 14.55M | 18.95M | 20.24M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 11.27M | 12.78M | 12.88M | 11.83M | 11.37M | 11.67M | 11.8M | 8.64M | 9.64M | 7.38M | 6.27M | 8.63M | 8.15M | 8.74M | 9.45M | 9.82M | 8.18M | 10.76M | 10.35M | 11.64M |
| Days Sales Outstanding | 94.01 | 97.35 | 81.09 | 77.48 | 86.31 | 71.58 | 58.4 | 54.8 | 54.41 | 62.34 | 50.04 | 48.21 | 46.22 | 42.08 | 46.18 | 42.47 | 48.63 | 68.65 | 65.47 | 56.55 |
| Inventory | 4.07M | 3.58M | 3.66M | 3.72M | 3.75M | 3.95M | 2.62M | 3.14M | 2.59M | 2.4M | 3.95M | 4.8M | 4.48M | 4.23M | 9.35M | 8.62M | 8.72M | 8.95M | 6.55M | 4.55M |
| Days Inventory Outstanding | 52.63 | 49.78 | 42.91 | 43.67 | 50.61 | 34.66 | 28.24 | 28.86 | 26.24 | 40.93 | 47.56 | 44.2 | 38.69 | 44.52 | 70.31 | 66.9 | 76.7 | 76.82 | 51.51 | 31.67 |
| Other Current Assets | 407K | 2.04M | 1.55M | 1.33M | 1.5M | 1.7M | 1.5M | 1.11M | 1.38M | 1.38M | 2M | 1.61M | 1.65M | 2.2M | 1.93M | 1.78M | 1.41M | 1.23M | 1.5M | 1.77M |
| Total Non-Current Assets | 19.55M | 19.58M | 20.3M | 20.97M | 22.09M | 22.61M | 19.99M | 21.13M | 21.98M | 25.49M | 24.05M | 25.13M | 26.23M | 30.4M | 28.3M | 29.33M | 30M | 34.67M | 31.84M | 32.94M |
| Property, Plant & Equipment | 5.55M | 5.86M | 5.76M | 5.83M | 6.16M | 5.89M | 3.07M | 3.37M | 3.48M | 3.9M | 4.06M | 4.36M | 4.71M | 4.98M | 5.25M | 5.49M | 5.33M | 5.47M | 5.54M | 5.85M |
| Fixed Asset Turnover | 2.02x | 2.09x | 2.42x | 2.27x | 1.99x | 3.37x | 5.01x | 4.43x | 3.85x | 2.53x | 3.25x | 3.49x | 3.40x | 3.89x | 3.57x | 3.56x | 3.24x | 2.57x | 2.71x | 2.97x |
| Goodwill | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M | 10.85M |
| Intangible Assets | 3M | 2.79M | 3.63M | 4.22M | 5.01M | 5.8M | 6.01M | 6.75M | 7.49M | 8.23M | 8.98M | 9.72M | 10.46M | 11.2M | 11.96M | 12.72M | 13.47M | 14.23M | 14.98M | 15.75M |
| Long-Term Investments | 110K | 55K | 55K | 0 | 0 | 0 | 0 | 0 | 55K | 55K | 55K | 95K | 95K | 175K | 95K | 135K | 135K | 135K | 175K | 175K |
| Other Non-Current Assets | 47K | 30K | 20K | 74K | 74K | 74K | 69K | 164K | 100K | 115K | 115K | 115K | 121K | 41K | 148K | 142K | 210K | 217K | 299K | 321K |
| Total Assets | 43.39M | 45.34M | 45.54M | 45.52M | 46.12M | 48.44M | 43.25M | 42.44M | 42.8M | 44.57M | 46.3M | 49.51M | 50.42M | 57.55M | 58.29M | 59.05M | 67M | 70.16M | 69.19M | 71.14M |
| Asset Turnover | 0.26x | 0.27x | 0.31x | 0.30x | 0.25x | 0.33x | 0.38x | 0.36x | 0.33x | 0.22x | 0.29x | 0.32x | 0.30x | 0.34x | 0.33x | 0.31x | 0.26x | 0.20x | 0.22x | 0.25x |
| Asset Growth % | -5.91% | -6.41% | 5.29% | 7.27% | 7.75% | 8.7% | -6.58% | -14.29% | -15.12% | -22.56% | -20.57% | -16.15% | -24.74% | -17.97% | -15.75% | -17.01% | -3.41% | 27.74% | 27.55% | 38.62% |
| Total Current Liabilities | 11.51M | 12.98M | 11.83M | 11.79M | 11.39M | 13.5M | 12.1M | 10.31M | 11.65M | 9.99M | 9.51M | 11.21M | 10.66M | 12.9M | 14.37M | 14.73M | 21.86M | 19.89M | 19.04M | 18.99M |
| Accounts Payable | 7.07M | 9.21M | 7.94M | 7.06M | 7.87M | 9.5M | 7.44M | 5.84M | 7.16M | 6.47M | 5.42M | 5.66M | 6.74M | 6.51M | 7.83M | 7.06M | 7.04M | 5.47M | 5.89M | 6.11M |
| Days Payables Outstanding | 112.09 | 117.94 | 87.26 | 87.28 | 114.05 | 89.36 | 65.09 | 65.46 | 71.64 | 76.65 | 60.27 | 59.09 | 58.89 | 47.03 | 58.26 | 54.42 | 54.34 | 56.34 | 55.69 | 49.85 |
| Short-Term Debt | 832K | 821K | 729K | 0 | 0 | 0 | 0 | 0 | 848K | 865K | 909K | 921K | 889K | 904K | 888K | 837K | 844K | 841K | 864K | 883K |
| Deferred Revenue (Current) | 655K | 0 | 1.75M | 1.89M | 534K | 104K | 0 | 913K | 1.4M | 202K | 945K | 1.85M | 302K | 771K | 1.45M | 1.88M | 10.51M | 8.8M | 87K | 313K |
| Other Current Liabilities | 2.01M | 2.95M | 886K | 1.68M | 2.33M | 2.45M | 3.81M | 1.48M | 1.4M | 1.58M | 1.39M | 1.48M | 1.61M | 1.62M | 1.5M | 2.56M | 1.68M | 2.5M | 10.3M | 9.58M |
| Current Ratio | 2.07x | 1.98x | 2.13x | 2.08x | 2.11x | 1.91x | 1.92x | 2.07x | 1.79x | 1.91x | 2.34x | 2.18x | 2.27x | 2.10x | 2.09x | 2.02x | 1.69x | 1.78x | 1.96x | 2.01x |
| Quick Ratio | 1.72x | 1.71x | 1.82x | 1.77x | 1.78x | 1.62x | 1.71x | 1.76x | 1.56x | 1.67x | 1.92x | 1.75x | 1.85x | 1.78x | 1.44x | 1.43x | 1.29x | 1.33x | 1.62x | 1.77x |
| Cash Conversion Cycle | 34.55 | 29.2 | 36.74 | 33.87 | 22.87 | 16.89 | 21.55 | 18.2 | 9.01 | 26.62 | 37.33 | 33.33 | 26.02 | 39.57 | 58.22 | 54.95 | 70.99 | 89.12 | 61.28 | 38.37 |
| Total Non-Current Liabilities | 3.87M | 4.07M | 3.98M | 3.95M | 4.39M | 3.97M | 344K | 540K | 634K | 3.16M | 1.02M | 1.23M | 1.46M | 4.83M | 1.91M | 2.06M | 2.31M | 6.1M | 2.38M | 2.57M |
| Long-Term Debt | 0 | 3.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 3.68M | 3.88M | 3.82M | 3.78M | 4.23M | 3.81M | 181K | 370K | 476K | 674K | 878K | 1.08M | 1.32M | 1.54M | 1.78M | 1.94M | 2.2M | 2.22M | 2.27M | 2.47M |
| Deferred Tax Liabilities | 190K | 186K | 161K | 165K | 167K | 163K | 163K | 170K | 158K | 2.49M | 145K | 146K | 142K | 3.29M | 132K | 127K | 117K | 3.88M | 103K | 97K |
| Other Non-Current Liabilities | 0 | -3.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 15.38M | 17.05M | 15.81M | 15.73M | 15.79M | 17.47M | 12.44M | 10.85M | 12.29M | 13.15M | 10.54M | 12.43M | 12.12M | 17.73M | 16.28M | 16.8M | 24.17M | 25.99M | 21.42M | 21.56M |
| Total Debt | 4.51M | 8.58M | 4.55M | 4.36M | 4.42M | 3.9M | 1.03M | 1.25M | 1.32M | 1.54M | 1.79M | 2M | 2.21M | 2.44M | 2.67M | 2.77M | 3.04M | 3.06M | 3.14M | 3.35M |
| Net Debt | -2.62M | 1.22M | -2.6M | -3.32M | -2.98M | -4.61M | -6.32M | -7.17M | -5.88M | -6.38M | -8.24M | -7.35M | -7.71M | -9.54M | -6.6M | -6.71M | -15.65M | -11.49M | -15.82M | -16.89M |
| Debt / Equity | 0.16x | 0.30x | 0.15x | 0.15x | 0.15x | 0.13x | 0.03x | 0.04x | 0.04x | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.06x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 28.02M | 28.29M | 29.73M | 29.79M | 30.33M | 30.97M | 30.81M | 31.59M | 30.51M | 31.41M | 35.77M | 37.08M | 38.3M | 39.83M | 42.01M | 42.25M | 42.82M | 44.17M | 47.77M | 49.59M |
| Equity Growth % | -7.62% | -8.65% | -3.49% | -5.71% | -0.61% | -1.41% | -13.85% | -14.8% | -20.33% | -21.12% | -14.87% | -12.23% | -10.56% | -9.84% | -12.06% | -14.8% | -15.03% | -7.48% | -0.6% | 6% |
| Book Value per Share | 2.28 | 2.39 | 2.52 | 2.52 | 2.62 | 2.71 | 2.72 | 2.89 | 2.90 | 3.00 | 3.43 | 3.56 | 3.73 | 3.89 | 4.11 | 4.13 | 4.23 | 4.36 | 4.74 | 4.95 |
| Total Shareholders' Equity | 28.02M | 28.29M | 29.73M | 29.79M | 30.33M | 30.97M | 30.81M | 31.59M | 30.51M | 31.41M | 35.77M | 37.08M | 38.3M | 39.83M | 42.01M | 42.25M | 42.82M | 44.17M | 47.77M | 49.59M |
| Common Stock | 128.91M | 127.29M | 126.31M | 125.38M | 124.45M | 123.55M | 121.41M | 120.44M | 116.85M | 115.3M | 114.17M | 113.6M | 112.61M | 111.28M | 110.25M | 109.19M | 108.14M | 106.97M | 105.93M | 104.57M |
| Retained Earnings | -95.53M | -93.64M | -91.19M | -90.23M | -88.75M | -87.21M | -85.25M | -83.49M | -80.98M | -78.52M | -73.04M | -71.16M | -68.95M | -66.09M | -62.87M | -61.57M | -59.95M | -57.43M | -52.79M | -49.72M |
| Treasury Stock | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.36M | -5.27M |
| Accumulated OCI | 0 | -4K | -12K | 1K | -3K | -4K | 9K | 0 | 1K | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |