Airship AI Holdings, Inc. filings document operating results and material events for an AI-driven video, sensor, and data management surveillance company. Current reports furnish quarterly financial and operational releases, including revenue, gross margin, cash flow, backlog, pipeline, warrant-liability and earnout-liability disclosures.
The filing record also covers governance and capital structure. Proxy materials and annual meeting reports document director elections, auditor ratification, shareholder voting, and board committee charters. Other 8-K disclosures describe warrant exercise inducement agreements, private-placement warrants, registered share issuance under Form S-3, and Nasdaq-listed common stock and warrants.
Airship AI Holdings, Inc. filed a shelf registration to offer up to $100,000,000 of common stock, preferred stock, debt securities, warrants and/or units from time to time after the effective date. The prospectus sets general terms; specific terms will be provided in accompanying prospectus supplements.
The prospectus states there were 34,439,562 shares of common stock outstanding as of May 8, 2026. It discloses existing public and private warrants, including a public warrant exercise price of $4.50 per share and a public warrant expiration date of December 21, 2028. The prospectus describes redemption mechanics, anti-dilution adjustments and customary plan of distribution options.
Airship AI Holdings reported Q1 2026 net revenues of $6.3 million, up 15% from the prior-year quarter. Gross profit was $3.2 million with a 50% gross margin, reflecting more sales of Airship-branded hardware and software.
The company posted an operating loss of $1.6 million and a net loss of $0.7 million, or $0.02 per basic share, driven largely by noncash items and higher stock-based compensation. Despite the loss, net cash provided by operating activities was $0.8 million, and cash and cash equivalents were $12.6 million as of March 31, 2026. Backlog was $4.6 million and the validated sales pipeline was about $165.3 million, supported by several new DHS and commercial awards.
Airship AI Holdings, Inc. reported higher revenue but a small loss for the quarter ended March 31, 2026. Net revenues rose to $6.35 million from $5.50 million, driven mainly by increased commercial orders, and gross profit grew to $3.17 million.
The company recorded a net loss of $0.72 million, compared with net income of $23.71 million a year earlier, when results were boosted by large non-cash gains on warrant and earnout liabilities. Cash and cash equivalents were $12.57 million, and total deferred revenue reached about $9.13 million, supporting future service revenue.
Backlog as of May 6, 2026 was approximately $4.6 million, and the validated pipeline at March 31, 2026 totaled $165.3 million across government and commercial opportunities. Management concluded there is no substantial doubt about the company’s ability to continue as a going concern through at least May 2027.
Airship AI Holdings, Inc. Chief Technology Officer Ma Yanda received a grant of 400,000 stock options for common stock at an exercise price of $2.49 per share. These options expire on April 20, 2036 and vest quarterly over four years, providing compensation tied to future company performance.
Following the reported positions, Ma Yanda directly holds 270,000 shares of common stock. He also holds additional equity-linked interests, including options over 50,000 shares at a $4.25 exercise price, 75,000 shares at a $2.86 exercise price, 277,698 shares at a $0.12 exercise price, and earnout rights over 132,950 shares subject to operating and share price milestones.
Airship AI Holdings, Inc. director and Chief Operating Officer Derek Xu filed an update showing his current equity stake in the company. He directly holds 5,222,920 shares of common stock, largely received as consideration in the December 2023 merger that created the current issuer structure.
Xu also holds stock options over 150,000 shares of common stock at exercise prices of $4.25 and $2.86 per share, which vest quarterly over four years. In addition, he has earnout rights over 1,630,642 shares tied to operating and share-price milestones, and warrants over 1,344,951 shares at an exercise price of $1.77 per share.
Airship AI Holdings, Inc. director and CEO Victor Huang reported his current equity stake in the company. He directly holds 4,032,207 shares of common stock and a range of equity-linked awards, including public warrants, options, stock appreciation rights, additional warrants and earnout rights, many of which were received under a prior merger agreement.
Airship AI Holdings, Inc. President Paul M. Allen reported his current equity holdings, rather than new buying or selling activity. He directly holds 151,948 shares of common stock after the reported date.
He also holds several option awards on common stock, including 59,000 underlying shares at an exercise price of $2.72 per share expiring on March 4, 2036, 50,000 shares at $4.25 expiring on September 3, 2035, 300,000 and 100,000 shares each at $3.27 expiring on March 4, 2035, and 150,000 shares at $2.86 expiring on August 16, 2034. Another option grant covers 835,059 shares at $0.57 per share expiring on January 16, 2032.
Footnotes explain that certain options were received in connection with a merger and convert prior Airship AI options at a defined conversion ratio. Allen also holds 155,843 Earnout Rights, which may deliver additional common shares if specified operating and share price performance milestones under the merger agreement are achieved, and the options vest quarterly over four years.
Airship AI Holdings, Inc. director Louis Lebedin reported his current equity position without recording any new purchases or sales. He directly holds 100,000 shares of Common Stock. He also has stock options over 61,000 shares at an exercise price of $3.28 expiring in 2035, options over 50,000 shares at $4.25 expiring in 2035, and a non-qualified stock option over 200,000 shares at $1.65 expiring in 2034. Footnotes state that these options vest quarterly over four years under a specified vesting schedule, meaning the director’s ownership can increase over time as additional tranches vest.
Airship AI Holdings CEO Victor Huang bought 40,000 common shares of AISP at an average price of $2.2422 in an open-market transaction, increasing his direct holdings to 4,012,567 shares. This purchase modestly raises his equity stake as CEO, chairman and 10% owner.
He also continues to hold a large package of equity-linked awards, including options, stock appreciation rights, warrants, public warrants and earnout rights over various amounts of common stock, with exercise prices ranging from $0.12 to $4.50 per share and expirations between 2027 and 2035.
Airship AI Holdings, Inc. Chief Financial Officer Mark E. Scott reported an award of options for 50,000 shares on March 4, 2026. The options carry a stated exercise price of $0.0000 per share and, according to a footnote, vest quarterly over four years.
Following this grant, Scott directly holds various option positions, including blocks of 100,000, 50,000, and 30,000 options, as well as 43,952 shares of common stock. He also has indirect interests in 14,650 earnout rights and 25,000 options through entities he controls, where he has voting and dispositive power but disclaims beneficial ownership beyond his pecuniary interest. The earnout rights may convert into common stock if specified operating and share price milestones in a merger agreement are achieved while he continues serving the company.