Airgain, Inc.
AIRG · Price history
Price at last available close
$4.16
−$1.04 (-20.00%) 1M
2026-10-28
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Company & revenue
About Airgain, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Airgain, Inc. is dedicated to designing, developing, and engineering advanced antenna solutions. These products are supplied globally to a wide array of partners, including original equipment and design manufacturers, specialized vertical markets, chipset vendors, service providers, value-added resellers, and software developers. The company's extensive product portfolio features a variety of embedded antenna lines, such as the MaxBeam, Profile, Profile Contour, Ultra, and SmartMax series, in addition to MaxBeam carrier class antennas.
How they make money
Airgain generates revenue primarily through the design and sale of advanced antenna systems and integrated wireless solutions. The company utilizes a business model that combines hardware product sales with recurring revenue streams from its NLink cloud-based device management and asset tracking software platforms.
Products & services
Airgain provides embedded antenna technologies, integrated wireless systems, and cloud-based software solutions for asset tracking and device management across enterprise, automotive, and consumer markets.
Brands & revenue mix
A growth platform focused on high-performance connectivity solutions.
Separate brand revenue is not available in this research.Source
A growth platform focused on asset tracking and management.
Separate brand revenue is not available in this research.Source
A subscription-based cloud platform for device management.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer concentration
The company discloses that a significant portion of its revenue is derived from a limited number of customers, which creates concentration risk for the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Contract Manufacturers — The company relies on third-party contract manufacturers to produce its hardware products.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
19
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
14
Poor
Financial Strength
20
Business Quality / Moat
10
Management
0
Growth Quality
20
Risk / Durability
29
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
34
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
41/100
Building Historical Record
Model Score 41/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •M&A headline · Sep 22, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for AIRG
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving AIRG's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can AIRG fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is AIRG likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for AIRG to reach sustainable profitability?
- •What future growth or profitability would be needed to justify AIRG's current valuation?
Essential Investment Snapshot
Wall Street Score
19
Opportunity Score
34
Market Cap
$52.7M
P/E Ratio
-8.7
EPS
$-0.57
52-Week High
$7.66
52-Week Low
$3.00
Beta
0.94
Analyst Target
$9.00
Shares Outstanding
11.8M
Total Revenue
$51.4M
Total Debt
$4.5M
Dividend
No current dividend
Liquidation Value / Share
$2.48
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AIRG
Detected from reported data — verify before acting.M&A headline · Sep 22, 2026
Airspan Acquires Fixed Wireless Product Lines from Cambium Networks — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireCommunity Sentiment
0 active · 0 total callsNo personal call yet on AIRG.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Advanced antenna design and testing capabilities.
- +Integration of hardware with recurring cloud-based software platforms.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Communication Equipment industry.
- −Dependence on a limited number of customers for a significant portion of revenue.
- −Reliance on third-party contract manufacturers for production.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
18
Sep 8, 2026
Change
+0.3
points
Current Score
19
Oct 1, 2026
Category Changes
AIRG increased 0.3 points because Asset improved by 2 points.
Positive Contributors
- + Asset improved by 2 points
Projected Score
Projected Score
16
Projected Change
-2.4 points
Preliminary comparable-period financial changes suggest decline of approximately 2.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$4.16
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.4M | $51.8M | $60.6M | $56.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $29.0M | $29.2M | $35.8M | $35.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $22.3M | $22.5M | $24.8M | $20.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $9.6M | $9.5M | $11.9M | $10.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $19.9M | $21.5M | $21.9M | $22.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $29.5M | $31.0M | $33.7M | $33.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$5.2M | -$2.7M | -$5.3M | -$8.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$7.2M | -$8.5M | -$8.9M | -$12.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$6.9M | -$6.4M | -$8.8M | -$12.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $79K | $73K | -$152K | $128K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$7.0M | -$6.4M | -$8.7M | -$12.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.57 | $-0.54 | $-0.79 | $-1.20 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 12.84M | 11.84M | 11.05M | 10.39M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 12.84M | 11.84M | 11.05M | 10.39M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$13.7M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.13
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+2.7%
Cash Change
-0.9%
Margin Change
-1.6 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth. Pressure indicators included cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 0.6%. EPS increased 8.3%. Cash declined 0.9%. Total debt increased 2.7%. Net income margin declined by 1.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Communication EquipmentNews
Do Options Traders Know Something About Airgain Stock We Don't?
Airspan Acquires Fixed Wireless Product Lines from Cambium Networks
Wall Street Analysts Believe Airgain (AIRG) Could Rally 53.2%: Here's is How to Trade
Airgain to Participate in 2026 Vision FirstNet Users Summit
Rumor Mill · AIRG
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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