Airgain, Inc. (AIRG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	51.4M	51.8M	60.6M	56.0M	75.9M
Cost of Revenue	29.0M	29.2M	35.8M	35.3M	47.9M
Gross Profit	22.3M	22.5M	24.8M	20.8M	28.0M
Operating Expenses
R&D Expense	9.6M	9.5M	11.9M	10.5M	11.3M
SG&A Expense	19.9M	21.5M	21.9M	22.7M	25.2M
General & Admin Expense	11.0M	12.2M	12.7M	13.5M	14.0M
Selling & Marketing Expense	8.9M	9.3M	9.2M	9.1M	11.2M
Other Expenses	—	—	—	—	—
Total Operating Expenses	29.5M	31.0M	33.7M	33.2M	36.6M
Cost and Expenses	58.5M	60.3M	69.5M	68.4M	84.5M
Operating Income (EBIT)	(7.2M)	(8.5M)	(8.9M)	(12.4M)	(8.6M)
Non-Operating
Interest Income	252.0K	351.0K	115.0K	109.0K	63.0K
Interest Expense	—	—	—	—	—
Net Interest Income	252.0K	351.0K	115.0K	109.0K	63.0K
Other Non-Op Income/Expense	256.0K	2.1M	88.0K	100.0K	5.0K
Non-Operating Income (excl Interest)	(354.0K)	(2.1M)	(88.0K)	(100.0K)	(5.0K)
EBT (Pre-Tax Income)	(6.9M)	(6.4M)	(8.8M)	(12.3M)	(8.6M)
Income Tax Expense	79.0K	73.0K	(152.0K)	128.0K	84.0K
Bottom Line
Net Income	(7.0M)	(6.4M)	(8.7M)	(12.4M)	(8.7M)
Earnings from Cont. Ops	(7.0M)	(6.4M)	(8.7M)	(12.4M)	(8.7M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(7.0M)	(6.4M)	(8.7M)	(12.4M)	(8.7M)
Per Share
Basic EPS	($0.57)	($0.54)	($0.79)	($1.20)	($0.85)
Diluted EPS	($0.57)	($0.54)	($0.79)	($1.20)	($0.85)
Revenue Per Share	$4.00	$4.37	$5.48	$5.39	$7.45
Shares
Basic Shares Outstanding	12.8M	11.8M	11.1M	10.4M	10.2M
Diluted Shares Outstanding	12.8M	11.8M	11.1M	10.4M	10.2M
Profitability Metrics
EBITDA	(5.2M)	(2.7M)	(5.3M)	(8.7M)	(4.9M)
D&A	1.7M	3.7M	3.6M	3.6M	3.7M
EBIT	(6.8M)	(6.4M)	(8.8M)	(12.3M)	(8.6M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026