Airship AI
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Airship AI (AISP) investor relations material

Airship AI Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary17 Feb, 2026

Executive summary

  • Q4 2025 net revenues reached $6.5 million, up 102% year-over-year, with gross profit of $3.3 million and gross margin of 51.2%.

  • Operating loss for the quarter was $612,000, mainly due to increased stock-based compensation and higher sales and marketing investments.

  • Net income for the year was $29.3 million, primarily driven by $36.5 million in noncash income from changes in fair value of earnout and warrant liabilities.

  • Cash flow from operations was positive for the quarter, with cash and equivalents at $11.8 million as of year-end.

  • Backlog at year-end was $3.3 million, with a validated pipeline of $173 million in opportunities across federal and commercial sectors.

Financial highlights

  • Gross margin improved to 51.2% in Q4 2025, up 169% year-over-year, attributed to increased branded hardware and software sales.

  • Other income for Q4 was $23.6 million, mainly from a $14.5 million gain in earnout liability and $9 million from warrant liability changes.

  • Net cash used in operating activities was $3.5 million for Q4, reflecting a $5.2 million increase in accounts receivable.

  • Year-end accounts receivable stood at $6.5 million.

Outlook and guidance

  • Focus on leveraging momentum from Q4 into 2026, targeting long-term business development funded by the One Big Beautiful Bill Act.

  • Continued emphasis on improving gross margins and achieving cash flow positive operations before the end of 2026.

  • Ongoing investments in sales, business development, and product innovation, including edge and cloud analytic platforms.

What drives the gap between net income and cash flow?
Pipeline conversion strategy for $173M opportunities?
Expected impact of new AI offerings and robotics?
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Q1 202615 May, 2026
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Frequently asked questions

Airship AI Holdings Inc. is a technology company specializing in AI-driven video, sensor, and data management surveillance solutions. Established in 2006, the company offers a range of products aimed at enhancing public safety and operational efficiency for both public sector and commercial clients. Its key products include Acropolis, an enterprise management software stack, Command, a suite of visualization tools, and Outpost, a set of edge AI hardware and software solutions. These tools enable clients to collect and analyze real-time data from various sensors, providing actionable intelligence and predictive analytics. The company is headquartered in Redmond, Washington, and its shares are listed on the NASDAQ.

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