Airgain, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.8M | $60.6M | $56.0M | $75.9M | $64.3M | $48.5M | $55.7M | $60.6M |
| Consumer | $26.1M | $21.7M | $18.9M | $25.8M | $26.3M | $37.1M | — | — |
| Enterprise | $22.6M | $29.5M | $27.2M | $34.5M | $27.4M | $3.9M | — | — |
| Automotive | $3.1M | $9.4M | $9.9M | $15.6M | $10.6M | $7.5M | — | — |
| Cost of Revenue | $29.2M | $35.8M | $35.3M | $47.9M | $39.7M | $25.9M | $30.4M | $34.1M |
| Gross Profit | $22.5M | $24.8M | $20.8M | $28.0M | $24.6M | $22.6M | $25.3M | $26.5M |
| Gross Margin | 43.5% | 40.9% | 37.1% | 36.9% | 38.3% | 46.6% | 45.4% | 43.7% |
| Operating Expenses | ||||||||
| Research & Development | $9.5M | $11.9M | $10.5M | $11.3M | $10.9M | $9.2M | $9.0M | $9.3M |
| SG&A Expense | $12.2M | $12.7M | $13.5M | $14.0M | $13.6M | $10.5M | $8.9M | $9.5M |
| Operating Income | $-8.5M | $-8.9M | $-12.4M | $-8.6M | $-12.1M | $-3.2M | $380.0K | $-3.4M |
| Operating Margin | -16.4% | -14.7% | -22.1% | -11.3% | -18.9% | -6.6% | 0.7% | -5.6% |
| Interest Expense | — | — | — | — | — | — | $5.0K | $31.0K |
| Pretax Income | $-6.4M | $-8.8M | $-12.3M | $-8.6M | $-12.1M | $-3.0M | $1.1M | $-2.5M |
| Income Tax Expense | $73.0K | $-152.0K | $128.0K | $84.0K | $-2.0M | $273.0K | $163.0K | $101.0K |
| Net Income | $-6.4M | $-8.7M | $-12.4M | $-8.7M | $-10.1M | $-3.3M | $926.0K | $-2.6M |
| Net Margin | -12.4% | -14.3% | -22.2% | -11.4% | -15.7% | -6.8% | 1.7% | -4.3% |
| EPS (Basic) | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 | $-0.34 | $0.10 | $-0.27 |
| EPS (Diluted) | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 | $-0.34 | $0.09 | $-0.27 |
| Shares Outstanding (Basic) | 11.8M | 11.1M | 10.4M | 10.2M | 10.0M | 9.7M | 9.7M | 9.5M |
| Shares Outstanding (Diluted) | 11.8M | 11.1M | 10.4M | 10.2M | 10.0M | 9.7M | 10.1M | 9.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |