Filing Flows › Airship AI Holdings (AISP) › Q4 2025
Airship AI Holdings (AISP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Airship AI Holdings (AISP) reported revenue of $6.5M for the fourth quarter 2025 (Q4 2025), +103% from a year earlier and +452% from the quarter before. Operating margin was -9.4%, net earnings $23.0M (353.6% of revenue).
Airship AI Holdings, Q4 2025: revenue $6.5M (+102% year over year), operating margin -9.4%, net earnings $23.0M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | +452% | +103% |
| Operating profit | −$613K | — | — |
| Net earnings | $23.0M | +258% | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $6.5M in Q4 2025, up 103% year over year and up 452% from the previous quarter.
Gross margin was 51.2%, up 12.6 points from a year earlier. Operating costs exceeded revenue by $613K, an operating margin of -9.4%. Operating expenses grew 44% against revenue growth of 103%. The fastest-growing cost line was Research & development (+159%). Net earnings were $23.0M. The effective tax rate was 0.0%. Non-operating items added $23.6M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.5M. Non-cash charges added back $474K of share-based compensation. Working capital and other items used $26.9M.
Questions
What was Airship AI Holdings' revenue in the fourth quarter 2025?
Airship AI Holdings (AISP) reported revenue of $6.5M for the fourth quarter 2025 (Q4 2025), +103% from a year earlier and +452% from the quarter before.
Was Airship AI Holdings profitable in the fourth quarter 2025?
Operating loss was $613K (-9.4% of revenue) and net earnings $23.0M.