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Airgain, Inc.
NasdaqCM · CIK 1272842
Last close4.61
Daily change+0.36 (8.47%)
10 Years gain-69.43%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
AIRG · STANDARD
SIC 3663 · Radio & Tv Broadcasting & Communications Equipment · Fiscal year end 1231
Fundamental
36.0Momentum
73.3Acceleration
79.5Confidence
81.0Annual Revenue12
Quarterly Revenue48
Annual CFO10
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth0.0 / 25
Quality13.0 / 25
Capital Efficiency5.2 / 20
Balance Sheet15.0 / 15
Shareholder Economics1.0 / 10
Forward Indicators0.0 / 5
Signals
Gross margin expansionGross margin improved by 1.9551 percentage points.
Operating leverageOperating margin improved by 4.6586 percentage points.
ROIC expansionROIC improved by 7.7433 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Warnings
Receivables anomaly · MEDIUMAccounts receivable growth is materially above revenue growth.
Heavy share dilution · HIGHDiluted share count increased 10.899%.
Key Metrics
Revenue Growth TTM-8.13%OK
Revenue CAGR 3Y-11.97%OK
Gross Margin42.97%OK
Operating Margin-12.8%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC-20.54%OK
Incremental Operating Margin 3Yn/aNOT_MEANINGFUL
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y10.9%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $51.78M | $22.55M | -$8.48M | -$1.11M | -$1.28M | 43.54% | -16.38% | -2.47% | -30.89% | 11.84M |
| 2025 FY Dec 31, 2024 | $60.60M | $24.80M | -$8.93M | -$3.53M | -$3.71M | 40.93% | -14.73% | -6.11% | -30.67% | 11.05M |
| 2024 FY Dec 31, 2023 | $56.04M | $20.76M | -$12.40M | -$3.30M | -$3.65M | 37.05% | -22.13% | -6.51% | -38.08% | 10.39M |
| 2023 FY Dec 31, 2022 | $75.90M | $27.97M | -$8.58M | $4.45M | $3.68M | 36.86% | -11.31% | 4.85% | -23.54% | 10.19M |
| 2022 FY Dec 31, 2021 | $64.27M | $24.61M | -$12.12M | -$11.17M | -$11.91M | 38.29% | -18.86% | -18.52% | n/a | 10.02M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $52.85M | sum latest 4 fiscal quarters Revenue | OK | 0001193125-26-335336, 0001193125-25-277931 |
| Revenue Growth TTM | -8.13% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001193125-26-335336, 0001193125-25-277931 |
| Revenue CAGR 3Y | -11.97% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001193125-26-076752 |
| Revenue CAGR 5Y | 1.32% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001193125-26-076752 |
| Gross Profit CAGR 3Y | -6.94% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001193125-26-076752 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001193125-26-335336, 0001193125-25-277931 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 42.97% | Gross Profit / Revenue | OK | 0001193125-26-335336, 0001193125-25-277931 |
| Operating Margin | -12.8% | Operating Income / Revenue | OK | 0001193125-26-335336, 0001193125-25-277931 |
| ROIC | -20.54% | NOPAT / Average Invested Capital | OK | 0001193125-26-335336, 0001193125-25-277931 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001193125-26-335336 |
| Current Ratio | 2.01x | Current Assets / Current Liabilities | OK | derived |
| Revenue per Diluted Share | $4.12 | Revenue / Diluted Shares | OK | 0001193125-26-335336, 0001193125-25-277931 |
| SBC / FCF | n/a | SBC / FCF | NOT_MEANINGFUL | derived |