MARKETS / NASDAQ / AIRG

NASDAQ · RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT · SMALL CAP

Airgain Inc. AIRG

12 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$51.8M

▼ 14.6% YoY

Net income

$-6.4M

Free cash flow

$-1.3M

In brief

What this company does

Airgain is headquartered in San Diego, California and is a leading provider of advanced wireless connectivity solutions. Airgain's diverse product portfolio serves three primary markets: enterprise, automotive, and consumer. The company's products are manufactured by contract manufacturers in Vietnam, China, Taiwan, Mexico and the United States. As of December 31, 2025, the company had 47 employees engaged in research and development. As of December 31, 2025, the company had a total of 106 employees and dedicated representatives, including 71 based in the United States and 35 internationally. As of December 31, 2025, Airgain's intellectual property portfolio comprised more than 300 granted patents and pending patent applications in the United States and various foreign jurisdictions, including Europe and Asia.

Written from the business description in Airgain, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 51.8M

Revenue, FY2025 · full 12-year series below

Revenue $M Net income $M

FY2025 · Revenue 51.8 · Net income -6.4

Compound annual growth

Revenue

−12.0%

+1.3%

+6.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +1.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−12 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -16.4% · Net -12.4%

ROE

FY2025 · ROE -21.7%

Gross margin43.5%

Operating margin-16.4%

Net margin-12.4%

Return on assets-13.7%

EBITDAUSD -8.0M

Each USD of equity lost 22 cents this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -1.3

Net buybacks $M Dividends $M

FY2022 · Dividends — · Net buybacks -0.2

Total assetsUSD 45.3M

EquityUSD 28.3M

CashUSD 7.4M

Current ratio1.98×

Equity funds 62% of total assets.

The 12-year record

12 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue $B	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.0
Operating income $B	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	−0.0	0.0
EBITDA $B	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	−0.0	0.0
Free cash flow $B	−0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0
EPS, diluted $	−0.54	−0.79	−1.20	−0.85	−1.01	−0.34	0.09	−0.27	0.11	0.40	−4.30	−2.86
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	−21.7	−27.9	−34.9	−20.6	−21.9	−6.9	2.0	−5.7	2.5	132.9	·	·
Shares out B	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 12 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRadio & Tv Broadcasting & Communications Equipment

Listed onNASDAQ

Incorporated innot stated in the filings

Fiscal year endsDecember 31

SEC categorysmaller reporting company

Data on record since2014