Filing Flows › Airship AI Holdings (AISP) › Q3 2025
Airship AI Holdings (AISP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Airship AI Holdings (AISP) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), -59% from a year earlier and -45% from the quarter before. Operating margin was -243.5%, net earnings $6.4M (544.4% of revenue).
Airship AI Holdings, Q3 2025: revenue $1.2M (-59% year over year), operating margin -243.5%, net earnings $6.4M, operating cash flow −$584K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | -45% | -59% |
| Operating profit | −$2.9M | — | — |
| Net earnings | $6.4M | — | — |
| Operating cash flow | −$584K | — | — |
What changed
Revenue was $1.2M in Q3 2025, down 59% year over year and down 45% from the previous quarter.
Gross margin was 51.3%, down 23.8 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -243.5%. Operating expenses fell 7% while revenue fell 59%. Net earnings were $6.4M, up 3% year over year. The effective tax rate was 0.0%. Non-operating items added $9.3M, 145% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$584K. Non-cash charges added back $355K of share-based compensation. Working capital and other items used $7.3M.
Questions
What was Airship AI Holdings' revenue in the third quarter 2025?
Airship AI Holdings (AISP) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), -59% from a year earlier and -45% from the quarter before.
Was Airship AI Holdings profitable in the third quarter 2025?
Operating loss was $2.9M (-243.5% of revenue) and net earnings $6.4M.