Filing Flows › Airgain (AIRG) › Q1 2025
Airgain (AIRG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Airgain (AIRG) reported revenue of $12.0M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -20% from the quarter before. Operating margin was -25.8%, net loss $1.5M (12.9% of revenue).
Airgain, Q1 2025: revenue $12.0M (-16% year over year), operating margin -25.8%, net loss $1.5M, operating cash flow −$1.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0M | -20% | -16% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$1.0M | — | — |
What changed
Revenue was $12.0M in Q1 2025, down 16% year over year and down 20% from the previous quarter.
Gross margin was 43.0%, up 3.8 points from a year earlier. Operating costs exceeded revenue by $3.1M, an operating margin of -25.8%. Operating expenses grew 1% against a revenue fall of 16%. The fastest-growing cost line was Sales & marketing (+14%). The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $2.0M loss. Non-operating items added $1.6M, -103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.0M. Non-cash charges added back $919K of depreciation and amortization and $907K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $42K exceeded it, leaving free cash flow of −$1.1M.
Questions
What was Airgain's revenue in the first quarter 2025?
Airgain (AIRG) reported revenue of $12.0M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -20% from the quarter before.
Was Airgain profitable in the first quarter 2025?
Operating loss was $3.1M (-25.8% of revenue) and net loss $1.5M.
Source: Airgain 10-Q on SEC EDGAR.