AIRGAIN INC
Business
Airgain Inc. is a wireless connectivity solutions provider delivering RF components, embedded modems, antennas, asset trackers, and integrated system-level solutions. The company serves three primary markets—enterprise, automotive, and consumer—with products including Smart Network Controlled Repeaters, the AirgainConnect Fleet vehicle gateway, Lighthouse 5G smart repeaters, NimbeLink embedded cellular modems, asset trackers, and embedded antennas. Airgain operates globally through a direct sales team and indirect channel partners, utilizing outsource manufacturing while maintaining quality oversight and IP protection.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales | 52 | 61 | 56 | 76 | 64 | |
| Cost of goods sold | 29 | 36 | 35 | 48 | 40 | |
| Gross profit | 23 | 25 | 21 | 28 | 25 | |
| Research and development | 10 | 12 | 11 | 11 | 11 | |
| Sales and marketing | 9 | 9 | 9 | 11 | 10 | |
| General and administrative | 12 | 13 | 14 | 14 | 14 | |
| Total operating expenses | 31 | 34 | 33 | 37 | 37 | |
| Loss from operations | −8 | −9 | −12 | −9 | −12 | |
| Employee retention credit refund | 2 | 0 | — | — | — | |
| Interest income, net | 351,000 | 115,000 | −109,000 | −63,000 | −26,000 | |
| Other (expense), net | −210,000 | −27,000 | — | — | — | |
| Total other income, net | 2 | 88,000 | −100,000 | −5,000 | 12,000 | |
| Loss before income taxes | −6 | −9 | −12 | −9 | −12 | |
| Income tax expense (benefit) | 73,000 | −152,000 | 128,000 | 84,000 | −2 | |
| Net loss | −6 | −9 | −12 | −9 | −10 | |
| Basic (per share) | −0.54 | −0.79 | −1.2 | −0.85 | −1.01 | |
| Diluted (per share) | −0.54 | −0.79 | −1.2 | −0.85 | −1.01 | |
| Basic (shares) | 12 | 11 | 10 | 10 | 10 | |
| Diluted (shares) | 12 | 11 | 10 | 10 | 10 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 9 | 8 | 12 | 15 | |
| Trade accounts receivable, net | 13 | 12 | 7 | 9 | 11 | |
| Inventories | 4 | 4 | 2 | 4 | 9 | |
| Prepaid expenses | 868,000 | 1 | — | — | — | |
| Other current assets | 1 | 532,000 | — | — | — | |
| Total current assets | 26 | 26 | 19 | 27 | 35 | |
| Property and equipment, net | 2 | 2 | 3 | 3 | 3 | |
| Operating lease right-of-use assets | 4 | 4 | 1 | 2 | 3 | |
| Goodwill | 11 | 11 | 11 | 11 | 11 | |
| Intangible assets, net | 3 | 6 | 8 | 11 | 14 | |
| Other assets | 85,000 | 74,000 | 170,000 | 216,000 | 352,000 | |
| Total assets | 45 | 48 | 42 | 54 | 66 | |
| Accounts payable | 9 | 9 | 6 | 7 | 5 | |
| Accrued compensation | 1 | 2 | 728,000 | 3 | 2 | |
| Accrued liabilities and other | 2 | 2 | 2 | 3 | 3 | |
| Short-term lease liabilities | 821,000 | 89,000 | 865,000 | 904,000 | 841,000 | |
| Total current liabilities | 13 | 14 | 10 | 13 | 20 | |
| Deferred tax liability | 186,000 | 163,000 | 151,000 | 139,000 | 109,000 | |
| Long-term lease liabilities | 4 | 4 | 674,000 | 2 | 2 | |
| Total liabilities | 17 | 17 | 11 | 15 | 22 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Common stock and additional paid-in capital, par value $0.0001, 200,000 shares authorized; 12,666 shares issued and 12,125 shares outstanding at December 31, 2025; and 12,070 shares issued and 11,529 shares outstanding at December 31, 2024 | 127 | 124 | 115 | 111 | 107 | |
| Treasury stock, at cost: 541 shares at December 31, 2025 and 2024 | −5 | −5 | −5 | −5 | −5 | |
| Accumulated deficit | −94 | −87 | −79 | −66 | −57 | |
| Accumulated other comprehensive loss | −4,000 | −4,000 | 3,000 | 0 | 0 | |
| Total stockholders' equity | 28 | 31 | 31 | 40 | 44 | |
| Total liabilities and stockholders' equity | 45 | 48 | 42 | 54 | 66 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −6 | −9 | −12 | −9 | −10 | |
| Depreciation | 500,000 | 500,000 | 700,000 | 700,000 | 500,000 | |
| Amortization of intangible assets | 3 | 3 | 3 | 3 | 3 | |
| Stock-based compensation | 3 | 5 | 4 | 5 | 4 | |
| Deferred tax liability | 23,000 | 11,000 | 12,000 | 30,000 | −2 | |
| Amortization of prepaid assets | 0 | 132,000 | 0 | — | — | |
| Trade accounts receivable | −1 | −4 | 1 | 2 | −5 | |
| Inventories | 372,000 | −2 | 2 | 5 | −6 | |
| Prepaid expenses and other current assets | −346,000 | −316,000 | 822,000 | −1 | 371,000 | |
| Other assets | −12,000 | 96,000 | 6,000 | 137,000 | 50,000 | |
| Accounts payable | −285,000 | 3 | −93,000 | 1 | 2 | |
| Accrued compensation | −508,000 | 668,000 | −1 | −35,000 | −781,000 | |
| Accrued liabilities and other | −26,000 | −576,000 | −793,000 | −370,000 | 1 | |
| Lease liabilities | 537,000 | −148,000 | −75,000 | −63,000 | −26,000 | |
| Net cash used in operating activities | −1 | −4 | −3 | 4 | −11 | |
| Purchases of property and equipment | −166,000 | −178,000 | −346,000 | −763,000 | −736,000 | |
| Purchases of intellectual property | −223,000 | 0 | — | — | — | |
| Net cash used in investing activities | −389,000 | −178,000 | −346,000 | −750,000 | −15 | |
| Proceeds from at-the-market common stock offering, net of offering costs | 167,000 | 4 | 0 | — | — | |
| Payments for withholding taxes related to net share settlement of equity awards | −191,000 | −94,000 | −690,000 | 0 | — | |
| Issuance of shares for stock purchase and option plans | 374,000 | 279,000 | 232,000 | 228,000 | 3 | |
| Net cash provided by financing activities | 350,000 | 4 | −458,000 | −6 | 2 | |
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash | 0 | −7,000 | 3,000 | 0 | — | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −1 | 589,000 | −4 | −3 | −24 | |
| Income taxes refunded, net | — | 17,000 | 0 | — | — | |
| Income taxes (paid), net | −55,000 | 17,000 | 112,000 | 197,000 | 153,000 | |
| Operating lease liabilities resulting from right-of-use assets | 912,000 | 4 | 11,000 | 0 | — | |
| Accrual of intellectual property | 0 | 581,000 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AIRGAIN INC's CIK number?
AIRGAIN INC's SEC CIK number is 0001272842 (1272842). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AIRGAIN INC's SEC filings?
All of AIRGAIN INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AIRGAIN INC last report earnings?
AIRGAIN INC (AIRG) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-208971). This is AIRGAIN INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is AIRGAIN INC's most recent earnings 8-K?
AIRGAIN INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-208971. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AIRGAIN INC's latest earnings 8-K →
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