Airgain, Inc. (AIRG) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 11.51M | 12.13M | 14.02M | 13.62M | 12.01M | 15.08M | 16.1M | 15.18M | 14.23M | 10.07M | 13.7M | 15.83M | 16.44M | 19.89M | 19.2M | 19.29M | 17.52M | 14.14M | 15.46M | 17.3M |
| Revenue Growth % | -4.18% | -19.61% | -12.94% | -10.28% | -15.59% | 49.78% | 17.56% | -4.08% | -13.46% | -49.37% | -28.66% | -17.92% | -6.15% | 40.62% | 24.22% | 11.5% | 0.83% | 10.24% | 18.79% | 51.12% |
| Cost of Goods Sold | 6.54M | 6.69M | 7.91M | 7.78M | 6.85M | 8.72M | 9.39M | 9.04M | 8.65M | 7.14M | 8.46M | 9.55M | 10.13M | 14.02M | 11.76M | 11.79M | 10.37M | 9.28M | 9.91M | 10M |
| COGS % of Revenue | 56.8% | 55.18% | 56.41% | 57.14% | 57.05% | 57.81% | 58.3% | 59.51% | 60.82% | 70.9% | 61.77% | 60.33% | 61.58% | 70.5% | 61.23% | 61.15% | 59.16% | 65.6% | 64.12% | 57.8% |
| Gross Profit | 4.97M | 5.43M | 6.11M | 5.84M | 5.16M | 6.36M | 6.71M | 6.15M | 5.58M | 2.93M | 5.24M | 6.28M | 6.32M | 5.87M | 7.44M | 7.49M | 7.16M | 4.87M | 5.55M | 7.3M |
| Gross Margin % | 43.2% | 44.82% | 43.59% | 42.86% | 42.95% | 42.19% | 41.7% | 40.49% | 39.18% | 29.1% | 38.23% | 39.67% | 38.42% | 29.5% | 38.77% | 38.85% | 40.84% | 34.4% | 35.88% | 42.2% |
| Gross Profit Growth % | -3.62% | -14.6% | -8.98% | -5.03% | -7.46% | 117.2% | 28.23% | -2.09% | -11.74% | -50.07% | -29.65% | -16.2% | -11.71% | 20.62% | 34.2% | 2.66% | 3.76% | -16.65% | -8.01% | 35.32% |
| Operating Expenses | 7.09M | 7.86M | 7.08M | 7.84M | 8.26M | 8.34M | 8.53M | 8.65M | 8.21M | 8.42M | 7.15M | 8.49M | 9.11M | 9.14M | 8.71M | 9.11M | 9.58M | 9.33M | 8.59M | 10.03M |
| OpEx % of Revenue | 61.56% | 64.78% | 50.49% | 57.54% | 68.73% | 55.32% | 52.97% | 56.99% | 57.66% | 83.59% | 52.18% | 53.64% | 55.39% | 45.98% | 45.35% | 47.22% | 54.69% | 65.95% | 55.59% | 58% |
| Selling, General & Admin | 4.84M | 5.5M | 4.94M | 5.29M | 5.76M | 5.57M | 5.67M | 5.54M | 5.08M | 5.25M | 4.85M | 5.9M | 6.66M | 6.92M | 5.81M | 6.14M | 6.34M | 6.16M | 5.79M | 5.75M |
| SG&A % of Revenue | 42.02% | 45.4% | 35.22% | 38.8% | 47.93% | 36.94% | 35.23% | 36.47% | 35.73% | 52.14% | 35.4% | 37.28% | 40.49% | 34.78% | 30.24% | 31.86% | 36.18% | 43.54% | 37.47% | 33.24% |
| Research & Development | 2.25M | 2.35M | 2.14M | 2.55M | 2.5M | 2.77M | 2.85M | 3.12M | 3.12M | 3.17M | 2.3M | 2.59M | 2.45M | 2.23M | 2.9M | 2.96M | 3.24M | 2.79M | 2.7M | 2.73M |
| R&D % of Revenue | 19.54% | 19.38% | 15.27% | 18.74% | 20.79% | 18.38% | 17.73% | 20.52% | 21.92% | 31.46% | 16.78% | 16.36% | 14.89% | 11.2% | 15.11% | 15.36% | 18.5% | 19.73% | 17.46% | 15.76% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 380K | 103K | 1000K |
| Operating Income | -2.11M | -2.42M | -967K | -2M | -3.1M | -1.98M | -1.81M | -2.5M | -2.63M | -5.49M | -1.91M | -2.21M | -2.79M | -3.28M | -1.26M | -1.61M | -2.43M | -4.46M | -3.05M | -2.73M |
| Operating Margin % | -18.36% | -19.96% | -6.9% | -14.68% | -25.77% | -13.13% | -11.27% | -16.5% | -18.47% | -54.5% | -13.95% | -13.97% | -16.97% | -16.48% | -6.58% | -8.36% | -13.85% | -31.55% | -19.71% | -15.81% |
| Operating Income Growth % | 31.75% | -22.22% | 46.69% | 20.16% | -17.76% | 63.92% | 5.03% | -13.25% | 5.77% | -67.47% | -51.11% | -37.14% | -15% | 26.57% | 58.5% | 41% | -28.97% | -314.78% | -1423% | -357.19% |
| EBITDA | -2.11M | -1.5M | -864K | -1.09M | -2.18M | -1.05M | -931K | -1.71M | -1.61M | -4.58M | -1.01M | -1.28M | -1.89M | -2.35M | -343K | -688K | -1.5M | -3.55M | -2.15M | -1.84M |
| EBITDA Margin % | -18.36% | -12.38% | -6.16% | -8% | -18.12% | -6.99% | -5.78% | -11.23% | -11.31% | -45.53% | -7.37% | -8.12% | -11.49% | -11.8% | -1.79% | -3.57% | -8.57% | -25.1% | -13.91% | -10.64% |
| EBITDA Growth % | 2.94% | -42.41% | 7.2% | 36.07% | -35.22% | 77.01% | 7.82% | -32.68% | 14.81% | -95.36% | -194.46% | -86.77% | -25.92% | 33.89% | 84.05% | 62.61% | -45.16% | -339.9% | -3744.07% | -475% |
| D&A (Non-Cash Add-back) | 0 | 919K | 103K | 910K | 919K | 926K | 883K | 800K | 1.02M | 903K | 900K | 927K | 900K | 930K | 921K | 925K | 925K | 913K | 896K | 894K |
| EBIT | 0 | -2.42M | -954K | -1.46M | -3.1M | -1.98M | -1.81M | -2.5M | -2.63M | -5.49M | -1.91M | -2.21M | -2.79M | -3.28M | -1.26M | -1.61M | -2.43M | -4.08M | -2.94M | -1.18M |
| Net Interest Income | 0 | 221K | 0 | 100K | 221K | 33K | 29K | 27K | 26K | 41K | 34K | 16K | 18K | 26K | 26K | 6K | 5K | 5K | 6K | 7K |
| Interest Income | 0 | 221K | 0 | 100K | 221K | 33K | 29K | 27K | 26K | 41K | 34K | 16K | 18K | 26K | 26K | 6K | 5K | 5K | 6K | 7K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 288K | 4K | 13K | 539K | 1.57M | 10K | 18K | 26K | 34K | 48K | 33K | 5K | 14K | 7K | 17K | -9K | -10K | -18K | 7K | -2K |
| Pretax Income | -1.82M | -2.42M | -954K | -1.46M | -1.52M | -1.97M | -1.8M | -2.48M | -2.6M | -5.44M | -1.88M | -2.21M | -2.78M | -3.27M | -1.25M | -1.62M | -2.44M | -4.48M | -3.04M | -2.74M |
| Pretax Margin % | -15.85% | -19.93% | -6.81% | -10.72% | -12.67% | -13.06% | -11.15% | -16.33% | -18.23% | -54.02% | -13.7% | -13.94% | -16.88% | -16.44% | -6.5% | -8.41% | -13.9% | -31.68% | -19.66% | -15.82% |
| Income Tax | 72K | 25K | 10K | 14K | 24K | -7K | -39K | 34K | -140K | 44K | 4K | -2K | 82K | -50K | 52K | -3K | 85K | 165K | 30K | -127K |
| Effective Tax Rate % | -3.95% | -1.03% | -1.05% | -0.96% | -1.58% | 0.36% | 2.17% | -1.37% | 5.39% | -0.81% | -0.21% | 0.09% | -2.95% | 1.53% | -4.17% | 0.18% | -3.49% | -3.68% | -0.99% | 4.64% |
| Net Income | -1.02M | -2.44M | -964K | -1.48M | -1.55M | -1.96M | -1.76M | -2.51M | -2.46M | -5.48M | -1.88M | -2.21M | -2.86M | -3.22M | -1.3M | -1.62M | -2.52M | -4.65M | -3.07M | -2.61M |
| Net Margin % | -8.83% | -20.13% | -6.88% | -10.83% | -12.87% | -13.01% | -10.91% | -16.55% | -17.25% | -54.46% | -13.73% | -13.93% | -17.38% | -16.19% | -6.77% | -8.39% | -14.39% | -32.85% | -19.86% | -15.08% |
| Net Income Growth % | 34.28% | -24.35% | 45.13% | 41.31% | 37.03% | 64.2% | 6.59% | -13.97% | 14.1% | -70.31% | -44.8% | -36.2% | -13.37% | 30.69% | 57.67% | 37.95% | -1163.71% | -330.19% | -1075.86% | -254.48% |
| Net Income (Continuing) | -1.02M | -2.44M | -964K | -1.48M | -1.55M | -1.96M | -1.76M | -2.51M | -2.46M | -5.48M | -1.88M | -2.21M | -2.86M | -3.22M | -1.3M | -1.62M | -2.52M | -4.65M | -3.07M | -2.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| EPS (Diluted) | -0.08 | -0.21 | -0.08 | -0.12 | -0.13 | -0.17 | -0.16 | -0.23 | -0.23 | -0.52 | -0.18 | -0.21 | -0.28 | -0.31 | -0.13 | -0.16 | -0.25 | -0.46 | -0.30 | -0.26 |
| EPS Growth % | 38.46% | -23.53% | 50% | 47.83% | 43.48% | 67.31% | 11.11% | -9.52% | 17.86% | -67.74% | -38.46% | -31.25% | -12% | 32.61% | 56.67% | 38.46% | -1350% | -318.18% | -1015.24% | -242.11% |
| EPS (Basic) | -0.08 | -0.21 | -0.08 | -0.12 | -0.13 | -0.17 | -0.16 | -0.23 | -0.23 | -0.52 | -0.18 | -0.21 | -0.28 | -0.31 | -0.13 | -0.16 | -0.25 | -0.47 | -0.30 | -0.26 |
| Diluted Shares Outstanding | 12.31M | 11.84M | 11.79M | 11.84M | 11.58M | 11.42M | 11.31M | 10.94M | 10.53M | 10.46M | 10.43M | 10.41M | 10.27M | 10.22M | 10.21M | 10.22M | 10.13M | 10.12M | 10.08M | 10.03M |
| Basic Shares Outstanding | 12.31M | 11.84M | 11.79M | 11.84M | 11.58M | 11.42M | 11.31M | 10.94M | 10.53M | 10.46M | 10.43M | 10.41M | 10.27M | 10.22M | 9.99M | 10.12M | 10.08M | 9.96M | 10.08M | 10.03M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |