Every 10-Q that Airship AI Holdings, Inc. (AISP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AISP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AISP filings page.
Airship AI Holdings, Inc. reported net revenues of $4,123,785 for the quarter ended June 30, 2026, up from $2,146,890 a year earlier, with gross profit rising to $3,097,748. Operating loss narrowed to $1,490,659 and net loss was $2,406,560, or $0.07 per share.
Non-cash expenses from changes in the fair value of earnout and warrant liabilities totaled $1,026,133, far below the $21,795,769 recorded in the prior-year quarter, reducing volatility in reported results. For the first six months of 2026, operating activities provided cash of $579,310, and cash and cash equivalents were $12,365,685 as of June 30, 2026.
Deferred revenue and remaining performance obligations support future visibility, with approximately $8.9 million of obligations and backlog of about $6.9 million, plus a validated pipeline of $206.1 million. Management concluded there is no substantial doubt about the company’s ability to continue as a going concern through at least August 2027, though revenue remains concentrated in a small number of customers.
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.
Quarterly highlights (unaudited) Airship AI reported net revenues of $2,146,890 for Q2 2025 (vs. $6,401,031 in Q2 2024) and gross profit of $1,532,517 for the quarter. Cash and cash equivalents declined to $6,306,274 as of June 30, 2025 from $11,414,830 at December 31, 2024. The company recorded a Q2 2025 net loss of $23,757,051 driven primarily by non-cash remeasurements: a $(7,301,585) change in fair value of the earnout liability and a $(14,494,184) change in fair value of warrant liability.
Balance sheet and liabilities Total assets were $10,080,678 with total liabilities of $56,960,068. Warrant liability totaled $33,153,619 and earnout liability totaled $15,500,664 as of June 30, 2025. Stockholders' deficit was $(46,879,390). Deferred revenue (current + non-current) was $6,796,382. Customer concentration: two customers represented 65% of six-month 2025 revenue and one customer represented ~83% of receivables as of June 30, 2025.