Filing Flows › Airship AI Holdings (AISP) › Q1 2025
Airship AI Holdings (AISP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Airship AI Holdings (AISP) reported revenue of $5.5M for the first quarter 2025 (Q1 2025), -48% from a year earlier and +72% from the quarter before. Operating margin was -31.2%, net earnings $23.7M (430.8% of revenue).
Airship AI Holdings, Q1 2025: revenue $5.5M (-48% year over year), operating margin -31.2%, net earnings $23.7M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5M | +72% | -48% |
| Operating profit | −$1.7M | — | — |
| Net earnings | $23.7M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $5.5M in Q1 2025, down 48% year over year and up 72% from the previous quarter.
Gross margin was 40.6%, up 15.8 points from a year earlier. Operating costs exceeded revenue by $1.7M, an operating margin of -31.2%. Operating expenses fell 2% while revenue fell 48%. Net earnings were $23.7M. The effective tax rate was 0.0%. Non-operating items added $25.4M, 107% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.1M. Non-cash charges added back $428K of share-based compensation. Working capital and other items used $26.2M.
Questions
What was Airship AI Holdings' revenue in the first quarter 2025?
Airship AI Holdings (AISP) reported revenue of $5.5M for the first quarter 2025 (Q1 2025), -48% from a year earlier and +72% from the quarter before.
Was Airship AI Holdings profitable in the first quarter 2025?
Operating loss was $1.7M (-31.2% of revenue) and net earnings $23.7M.