Filing Flows › Airgain (AIRG) › Q4 2025
Airgain (AIRG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Airgain (AIRG) reported revenue of $12.1M for the fourth quarter 2025 (Q4 2025), -20% from a year earlier and -14% from the quarter before. Operating margin was -20.0%, net loss $2.4M (20.1% of revenue).
Airgain, Q4 2025: revenue $12.1M (-20% year over year), operating margin -20.0%, net loss $2.4M, operating cash flow $194K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.1M | -14% | -20% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | $194K | — | — |
| Free cash flow | $93K | — | — |
What changed
Revenue was $12.1M in Q4 2025, down 20% year over year and down 14% from the previous quarter.
Gross margin was 44.8%, up 2.6 points from Q4 2024. Operating costs exceeded revenue by $2.4M, an operating margin of -20.0%. Operating expenses fell 6% while revenue fell 20%. The quarter ended with a net loss of $2.4M, wider than the previous quarter's $1.0M loss.
Operating cash flow was $194K. Non-cash charges added back $944K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $617K. Capital expenditures of $101K left free cash flow of $93K.
Questions
What was Airgain's revenue in the fourth quarter 2025?
Airgain (AIRG) reported revenue of $12.1M for the fourth quarter 2025 (Q4 2025), -20% from a year earlier and -14% from the quarter before.
Was Airgain profitable in the fourth quarter 2025?
Operating loss was $2.4M (-20.0% of revenue) and net loss $2.4M.
Source: Airgain 10-K on SEC EDGAR.