Airship AI Holdings Inc Financials
Financial Health Signals
Airship AI Holdings Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Airship AI Holdings Inc generates $0.11 in operating cash flow (-$6.5M OCF vs -$57.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Airship AI Holdings Inc (AISP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Airship AI Holdings Inc generated $23.1M in revenue in fiscal year 2024. This represents an increase of 87.4% from the prior year.
Airship AI Holdings Inc's EBITDA was -$3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 47.1% from the prior year.
Airship AI Holdings Inc reported -$57.5M in net income in fiscal year 2024. This represents a decrease of 451.0% from the prior year.
Airship AI Holdings Inc earned $-2.34 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 392.5% from the prior year.
Airship AI Holdings Inc held $11.4M in cash against $0 in long-term debt as of fiscal year 2024.
Airship AI Holdings Inc had 31M shares outstanding in fiscal year 2024. This represents an increase of 34.1% from the prior year.
Airship AI Holdings Inc's gross margin was 45.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.
Airship AI Holdings Inc's operating margin was -15.2% in fiscal year 2024, reflecting core business profitability. This is up 38.8 percentage points from the prior year.
Airship AI Holdings Inc's net profit margin was -249.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 382.4 percentage points from the prior year.
Airship AI Holdings Inc invested $2.8M in research and development in fiscal year 2024. This represents an increase of 2.8% from the prior year.
AISP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M-45.2% | $2.1M-61.0% | $5.5M+71.6% | $3.2M-49.9% | $6.4M-39.5% | $10.6M+151.4% | $4.2M+76.4% | $2.4M |
| Cost of Revenue | $203K-25.8% | $274K-90.6% | $2.9M+99.9% | $1.5M+12.0% | $1.3M-83.2% | $7.8M+255.4% | $2.2M+398.6% | $440K |
| Gross Profit | $604K-60.6% | $1.5M-31.4% | $2.2M+80.4% | $1.2M-72.5% | $4.5M+71.5% | $2.6M+56.0% | $1.7M+5.2% | $1.6M |
| R&D Expenses | $753K+1.7% | $741K+2.9% | $719K+116.0% | $333K-52.6% | $703K+1.1% | $695K-0.9% | $701K+1.8% | $689K |
| SG&A Expenses | $2.7M-3.4% | $2.8M-12.9% | $3.2M+34.7% | $2.4M-15.2% | $2.8M-15.2% | $3.3M+107.4% | $1.6M-24.9% | $2.1M |
| Operating Income | -$2.9M-41.8% | -$2.0M-17.9% | -$1.7M-14.9% | -$1.5M-252.8% | $976K+169.6% | -$1.4M-124.6% | -$624K+49.2% | -$1.2M |
| Interest Expense | $53K-13.3% | $61K+178.1% | -$78K-158.0% | $134K-68.3% | $422K+1224.5% | $32K+1583.6% | -$2K-106.4% | $34K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $6.4M+127.0% | -$23.8M-200.2% | $23.7M+147.2% | -$50.2M-371.8% | $18.5M+157.8% | -$32.0M-292.0% | $16.6M+1098.8% | -$1.7M |
| EPS (Diluted) | $0.15+120.0% | $-0.75-223.0% | $0.61+135.5% | $-1.72-382.0% | $0.61+143.6% | $-1.40 | N/A | $-0.07 |
AISP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.1M-19.6% | $10.1M-22.0% | $12.9M-5.7% | $13.7M+158.4% | $5.3M+13.8% | $4.7M-23.4% | $6.1M-75.9% | $25.3M |
| Current Assets | $7.0M-21.1% | $8.9M-23.6% | $11.7M-7.9% | $12.7M+203.5% | $4.2M+20.7% | $3.5M-28.0% | $4.8M+12223.2% | $39K |
| Cash & Equivalents | $5.8M-8.7% | $6.3M-28.4% | $8.8M-22.8% | $11.4M+4934.1% | $227K-86.9% | $1.7M-44.8% | $3.1M+16561.8% | $19K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.2M-51.2% | $2.6M-8.1% | $2.8M+126.8% | $1.2M-64.3% | $3.4M+101.8% | $1.7M+3.4% | $1.6M | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $48.2M-15.4% | $57.0M+56.3% | $36.4M-45.4% | $66.7M+100.6% | $33.3M-36.9% | $52.7M+123.6% | $23.6M-37.2% | $37.5M |
| Current Liabilities | $5.5M-0.4% | $5.5M-12.8% | $6.3M+11.3% | $5.7M-48.0% | $10.9M-18.8% | $13.4M+12.9% | $11.9M+286.9% | $3.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Total Equity | -$40.1M+14.5% | -$46.9M-99.4% | -$23.5M+55.7% | -$53.0M-89.6% | -$28.0M+41.8% | -$48.1M-174.8% | -$17.5M-43.0% | -$12.2M |
| Retained Earnings | -$68.6M+8.5% | -$75.0M-46.4% | -$51.2M+31.6% | -$74.9M-141.9% | -$31.0M+37.3% | -$49.4M-182.9% | -$17.5M+3.4% | -$18.1M |
AISP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$584K+68.0% | -$1.8M+13.2% | -$2.1M+0.4% | -$2.1M+14.1% | -$2.5M-44.6% | -$1.7M-120.9% | -$767K+57.1% | -$1.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Financing Cash Flow | $33K+104.8% | -$685K-37.7% | -$497K-107.1% | $7.0M+639.7% | $947K+222.9% | $293K-91.4% | $3.4M+6719.6% | $50K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AISP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.3%-20.1pp | 71.4%+30.8pp | 40.6%+2.0pp | 38.6%-31.8pp | 70.4%+45.5pp | 24.9%-15.2pp | 40.1%-27.1pp | 67.2% |
| Operating Margin | -243.5%-149.3pp | -94.2%-63.0pp | -31.1%+15.4pp | -46.5%-61.8pp | 15.3%+28.5pp | -13.3%+1.6pp | -14.8%+36.7pp | -51.5% |
| Net Margin | 544.4%+1651.0pp | -1106.6%-1537.4pp | 430.8%+1995.6pp | -1564.8%-1853.2pp | 288.4%+590.7pp | -302.3%-698.0pp | 395.7%+465.6pp | -69.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 79.1%+314.8pp | -235.7%-419.0pp | 183.3%+549.4pp | -366.1%-714.0pp | 348.0%+1033.8pp | -685.8%-959.2pp | 273.4%+280.0pp | -6.6% |
| Current Ratio | 1.29-0.3 | 1.62-0.2 | 1.85-0.4 | 2.24+1.9 | 0.38+0.1 | 0.26-0.1 | 0.40+0.4 | 0.01 |
| Debt-to-Equity | -1.20+0.0 | -1.22+0.3 | -1.55-0.3 | -1.26-0.1 | -1.19-0.1 | -1.10-1.1 | 0.00+3.1 | -3.07 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$53.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Airship AI Holdings Inc's annual revenue?
Airship AI Holdings Inc (AISP) reported $23.1M in total revenue for fiscal year 2024. This represents a 87.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Airship AI Holdings Inc's revenue growing?
Airship AI Holdings Inc (AISP) revenue grew by 87.4% year-over-year, from $12.3M to $23.1M in fiscal year 2024.
Is Airship AI Holdings Inc profitable?
No, Airship AI Holdings Inc (AISP) reported a net income of -$57.5M in fiscal year 2024, with a net profit margin of -249.3%.
What is Airship AI Holdings Inc's earnings per share (EPS)?
Airship AI Holdings Inc (AISP) reported diluted earnings per share of $-2.34 for fiscal year 2024. This represents a -392.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Airship AI Holdings Inc's EBITDA?
Airship AI Holdings Inc (AISP) had EBITDA of -$3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Airship AI Holdings Inc's gross margin?
Airship AI Holdings Inc (AISP) had a gross margin of 45.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Airship AI Holdings Inc's operating margin?
Airship AI Holdings Inc (AISP) had an operating margin of -15.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Airship AI Holdings Inc's net profit margin?
Airship AI Holdings Inc (AISP) had a net profit margin of -249.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Airship AI Holdings Inc's operating cash flow?
Airship AI Holdings Inc (AISP) generated -$6.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Airship AI Holdings Inc's total assets?
Airship AI Holdings Inc (AISP) had $13.7M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Airship AI Holdings Inc spend on research and development?
Airship AI Holdings Inc (AISP) invested $2.8M in research and development during fiscal year 2024.
How many shares does Airship AI Holdings Inc have outstanding?
Airship AI Holdings Inc (AISP) had 31M shares outstanding as of fiscal year 2024.
What is Airship AI Holdings Inc's current ratio?
Airship AI Holdings Inc (AISP) had a current ratio of 2.24 as of fiscal year 2024, which is generally considered healthy.
What is Airship AI Holdings Inc's debt-to-equity ratio?
Airship AI Holdings Inc (AISP) had a debt-to-equity ratio of -1.26 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Airship AI Holdings Inc's return on assets (ROA)?
Airship AI Holdings Inc (AISP) had a return on assets of -419.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Airship AI Holdings Inc's cash runway?
Based on fiscal year 2024 data, Airship AI Holdings Inc (AISP) had $11.4M in cash against an annual operating cash burn of $6.5M. This gives an estimated cash runway of approximately 21 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Airship AI Holdings Inc's debt-to-equity ratio negative or unusual?
Airship AI Holdings Inc (AISP) has negative shareholder equity of -$53.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Airship AI Holdings Inc's Piotroski F-Score?
Airship AI Holdings Inc (AISP) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Airship AI Holdings Inc's earnings high quality?
Airship AI Holdings Inc (AISP) has an earnings quality ratio of 0.11x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.