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Airgain
Airgain (AIRG) investor relations material
Airgain Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
2025 marked a pivotal year with strengthened business resilience, improved margins, and a reinforced financial foundation.
Achieved $12.1 million in Q4 2025 revenue, with improved gross margin and disciplined expense management.
Expanded design win pipelines with Tier-1 service providers and advanced key platforms (AirgainConnect, Lighthouse) toward commercialization.
Acquired HPUE product line assets from Nextivity, enhancing system-level connectivity and vehicle gateway capabilities.
Engaged a strategic advisor to strengthen enterprise and carrier go-to-market engagement.
Financial highlights
Q4 2025 sales were $12.1M, down 13.5% sequentially and 19.6% YoY, mainly due to timing and supply factors in enterprise modems.
Consumer sales in Q4 reached $7.4M, the highest since Q3 2022; full-year consumer sales were $26.1M, up $4.4M YoY.
Enterprise sales for 2025 were $22.6M, down $6.9M YoY, mainly due to excess inventory at a key IoT customer.
Automotive sales were $3.1M for the year, down $6.3M YoY due to lower demand and excess inventory.
Full-year sales totaled $51.8M, down 14.6% YoY; non-GAAP gross margin was 44.6%, up 260 bps YoY.
Adjusted EBITDA for 2025 was -$1.5M; non-GAAP net loss per share was $0.17.
Cash balance at year-end was $7.4M, up $0.3M sequentially.
Outlook and guidance
Q1 2026 sales projected at $10.5M-$12.5M (midpoint $11.5M), a 5% sequential decline due to seasonal consumer softness.
Q1 2026 non-GAAP gross margin expected at 43.5%-46.5% (midpoint 45%).
Q1 2026 non-GAAP EPS expected at -$0.07; Adjusted EBITDA at -$0.7M.
Modest growth expected in consumer and enterprise markets in 2026, with stronger contributions from Lighthouse and AirgainConnect in H2.
Automotive market expected to return to growth in 2026, driven by AirgainConnect.
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Next Airgain earnings date
Q1 20266 May, 2026
Airgain
Next Airgain earnings date
Q1 20266 May, 2026
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Frequently asked questions
Airgain Inc designs and delivers antenna systems and wireless connectivity solutions for consumer, enterprise, and automotive applications. The company’s products support Wi-Fi, cellular, and GPS technologies, and are integrated into access points, routers, and vehicles. The company is headquartered in San Diego, California, and its shares are listed on the NASDAQ.
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