# Airgain Inc. (AIRG)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $80M  
**Price:** $6.74 (+0.45%)

> Airgain Inc. is a leading provider of advanced wireless connectivity solutions, specializing in embedded antenna products, integration support, and test services for high-performance networking. The company develops technologies that enable 5G, Wi-Fi, and IoT connectivity across consumer, enterprise, automotive, residential, fleet, public safety, and government sectors. Key offerings include embedded antennas such as MaxBeam, profile, ultra, and SmartMax series; external antennas; carrier-class antennas; and integrated systems like the AirgainConnect AC-Fleet 5G vehicle gateway for first responders and fleet management, Lighthouse 5G Smart Network Controlled Repeater for infrastructure expansion, and Cat 1 bis embedded modems for IoT applications. Airgain partners with carriers, chipset suppliers, OEMs, ODMs, and telecom integrators to optimize connectivity in devices including routers, gateways, set-top boxes, sensors, and in-vehicle systems. Founded in 1995 and headquartered in San Diego, California, Airgain plays a critical role in wireless communications equipment, focusing on embedded components and mission-critical solutions worldwide.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $52M | $23M | -$8M | -$6M | $-0.54 |
| 2024 | $61M | $25M | -$9M | -$9M | $-0.79 |
| 2023 | $56M | $21M | -$12M | -$12M | $-1.20 |
| 2022 | $76M | $28M | -$9M | -$9M | $-0.85 |
| 2021 | $64M | $25M | -$10M | -$10M | $-1.01 |
| 2020 | $49M | $23M | -$3M | -$3M | $-0.34 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $45M | $17M | $28M | $7M | $4M |
| 2024 | $48M | $17M | $31M | $9M | $4M |
| 2023 | $42M | $11M | $31M | $8M | $674,000 |
| 2022 | $54M | $15M | $40M | $12M | $2M |
| 2021 | $66M | $22M | $44M | $15M | $2M |
| 2020 | $55M | $7M | $48M | $38M | $271,000 |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$233,000 | -$166,000 | -$2M |
| 2024 | -$3M | -$178,000 | -$4M |
| 2023 | -$3M | -$346,000 | -$4M |
| 2022 | $6M | -$750,000 | $4M |
| 2021 | -$13M | -$736,000 | -$12M |
| 2020 | $3M | -$727,000 | $3M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AIRG)