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Airship AI Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$384K in Q3 2026 · −$2.5M over twelve months

Operating cash flow$384K
Free cash flow+$384K
Cash / net income0.0×
Cash conversion cycle77 days

Analysis

In Q3 2026, Airship AI Holdings generated $384K of operating cash flow. That is $967K more than in Q3 2025 (−$584K).

Over the twelve months to Sep 30, 2026, operating cash flow was −$2.5M; the largest uses were operating cash flow ($2.5M); besides operations, cash came from other financing ($9.4M), shares issued ($115K); the cash balance rose by $7.0M.

Operating cash flow was $384K against net income of $9.6M — 0.0× profit, less cash than reported earnings, worth checking against working capital. The largest differences: other non-cash −$10.1M, receivables −$2.5M, deferred revenue +$2.2M.

Its cash conversion cycle was 77 days (receivables 74 + inventory 32 − payables 29).

Free cash flow

Airship AI Holdings: free cash flow by quarterAirship AI Holdings: free cash flow by quarter−$2.1MQ4 2024−$2.1MQ1 2025−$1.8MQ2 2025−$584KQ3 2025−$3.5MQ4 2025$814KQ1 2026−$235KQ2 2026$384KQ3 2026
Operating cash flow less capital spending.
Airship AI Holdings: operating cash flow against capital spendingAirship AI Holdings: operating cash flow against capital spendingOperating cash flowCapital spending−$2.1M$0Q4 2024−$2.1M$0Q1 2025−$1.8M$0Q2 2025−$584K$0Q3 2025−$3.5M$0Q4 2025$814K$0Q1 2026−$235K$0Q2 2026$384K$0Q3 2026
Latest (Q3 2026): Operating cash flow $384K, Capital spending $0.

Capital allocation, year by year

Airship AI Holdings: where the cash came from (up) and went (down), by fiscal yearAirship AI Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesAcquisitionsFY2021: Operating cash flow −$1.6MFY2021: Shares issued $324MFY2021: Acquisitions −$324M$324MFY2021FY2022: Operating cash flow −$2.9MFY2022: Net borrowing $425KFY2022: Shares issued $324M$324MFY2022FY2023: Operating cash flow −$3.3MFY2023: Net borrowing $485KFY2023: Asset sales $2.8M$3.3MFY2023FY2024: Operating cash flow −$6.5MFY2024: Net borrowing −$450KFY2024: Shares issued $241K$241KFY2024FY2025: Operating cash flow −$8.0MFY2025: Shares issued $6.5M$6.5MFY2025
Over these 5 years operating cash flow totalled −$22.3M; the largest uses were acquisitions ($324M) and operating cash flow ($22.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$12.7M
Debtnone
Net cash$12.7M
Due within a year$439K
Cash runway5.0 years

Airship AI Holdings is burning cash: its operations consume cash, a free cash flow of −$2.5M a year at the current rate against $12.7M of cash and investments: a runway of about 5.0 years; $439K of debt also comes due within a year, which the cash covers before any new financing.

Where the cash came from and went

Airship AI Holdings: sources (+) and uses (−) of cash, Q3 2026Airship AI Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$384KCash drawn (+) / kept (−)−$378KExchange rates−$6K
Airship AI Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Airship AI Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$9.4MCash drawn (+) / kept (−)−$7.0MOperating cash flow−$2.5MShares issued$115KExchange rates−$26K

From profit to cash

Airship AI Holdings: net income to operating cash flow, Q3 2026Airship AI Holdings: net income to operating cash flow, Q3 2026Net income$9.6MStock-based pay$555KOther non-cash−$10.1MReceivables−$2.5MInventory−$235KPayables$828KDeferred revenue$2.2MOperating cash flow$384K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$384K—−$378K$384K
Q2 2026−$235K$45K$202K−$235K
Q1 2026$814K$11K−$818K$814K
Q4 2025−$3.5M$58K−$6.0M−$3.5M
Q3 2025−$584K$33K$551K−$584K
Q2 2025−$1.8M$15K$2.5M−$1.8M
Q1 2025−$2.1M$43K$2.6M−$2.1M
Q4 2024−$2.1M$44K−$4.9M−$2.1M

Airship AI Holdings: income statement and cash flow

Airship AI Holdings, Q3 2026: revenue $6.2M (+429% year over year), operating margin -9.0%. The chart follows the revenue to costs, profit and cash.

Airship AI Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.