Filing Flows › Airship AI Holdings (AISP) › Q1 2026
Airship AI Holdings (AISP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Airship AI Holdings (AISP) reported revenue of $6.4M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -2% from the quarter before. Operating margin was -24.9%, net loss $721K (11.3% of revenue).
Airship AI Holdings, Q1 2026: revenue $6.4M (+16% year over year), operating margin -24.9%, net loss $721K, operating cash flow $814K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4M | -2% | +15% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$721K | -103% | -103% |
| Operating cash flow | $814K | — | — |
What changed
Revenue was $6.4M in Q1 2026, up 15% year over year and down 2% from the previous quarter.
Gross margin was 49.8%, up 9.2 points from Q1 2025. Operating costs exceeded revenue by $1.6M, an operating margin of -24.9%. Operating expenses grew 20% against revenue growth of 15%. The fastest-growing cost line was SG&A (+21%). The quarter ended with a net loss of $721K, after a profit of $23.0M the previous quarter. Non-operating items added $861K, -119% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $814K. Non-cash charges added back $666K of share-based compensation. Working capital and other items added $869K.
Questions
What was Airship AI Holdings' revenue in the first quarter 2026?
Airship AI Holdings (AISP) reported revenue of $6.4M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -2% from the quarter before.
Was Airship AI Holdings profitable in the first quarter 2026?
Operating loss was $1.6M (-24.9% of revenue) and net loss $721K.