AIRGNasdaqRadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31
AIRGAIN INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$4.00−0.05 (-1.23%)
Close on Oct 19, 2026
- Market cap
- $51.36M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2025
Gross margin
43.5%−3.0 pts over 5 years
Operating margin
-16.4%−9.8 pts over 5 years
Net margin
-12.4%−5.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -14.6% | -12.0% | +1.3% | +6.4% | |
| Gross profit | -9.1% | -6.9% | -0.0% | +6.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 132.9% | -6.9% | -21.7% | |
| Return on assets | 10.5% | -6.0% | -13.7% | |
| Current ratio | 5.50 | 6.63 | 1.98 | |
| Interest coverage | 19.4× | – | – | |
| Inventory turnover | 181.3× | 23.5× | 7.8× | |
| Capex to revenue | 0.6% | 1.5% | 0.3% | |
| Diluted shares | 5M | 10M | 12M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Airgain generated $23.56M from operations and spent $2.29M on capital expenditure, dividends and share buybacks. 96% of that went back into the business.
Generated
$23.56M
Used
$2.29M
Capital expenditure$2.19M96%Dividends$00%Share buybacks$97.00K4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-12.4%
×Asset turnover1.10×
×Equity multiplier1.58×
=Return on equity, FY2025-21.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -12.4% | 1.10× | 1.58× | -21.7% |
| FY2024 | -14.3% | 1.34× | 1.45× | -27.9% |
| FY2023 | -22.2% | 1.16× | 1.36× | -34.9% |
| FY2022 | -11.4% | 1.26× | 1.44× | -20.6% |
| FY2021 | -15.7% | 1.06× | 1.32× | -21.9% |
| FY2020 | -6.8% | 0.88× | 1.15× | -6.9% |
| FY2019 | 1.7% | 1.04× | 1.16× | 2.0% |
| FY2018 | -4.3% | 1.11× | 1.20× | -5.7% |
| FY2017 | 2.3% | 0.88× | 1.23× | 2.5% |
| FY2016 | 8.6% | 1.22× | 12.69× | 132.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$6.43M
- Cash generatingOperating cash flow above zero-$1.11M
- Return on assets improvedROA up on the prior year-20.6% → -13.3%
- Earnings backed by cashOperating cash flow above net income-$1.11M vs -$6.43M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.91 → 1.98
- No dilutionShare count did not rise11M → 12M
- Gross margin improvedGross margin up on the prior year40.93% → 43.54%
- More efficientAsset turnover rose1.44 → 1.07