AIRGAIN INC

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 12, 2025

AIRG$4.12-4.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Sales	$14,018	$16,101	$39,654	$45,516
Cost of goods sold	7,907	9,387	22,544	27,078
Gross profit	6,111	6,714	17,110	18,438
Operating expenses:
Research and development	2,141	2,855	7,192	9,091
Sales and marketing	2,144	2,395	7,027	6,902
General and administrative	2,793	3,278	8,954	9,393
Total operating expenses	7,078	8,528	23,173	25,386
Loss from operations	(967)	(1,814)	(6,063)	(6,948)
Other income (expense):
Employee retention credit refund	—	—	1,989	—
Interest income, net	13	29	334	82
Other income (expense), net	—	(11)	(197)	(4)
Total other income, net	13	18	2,126	78
Loss before income taxes	(954)	(1,796)	(3,937)	(6,870)
Income tax expense (benefit)	10	(39)	48	(145)
Net loss	$(964)	$(1,757)	$(3,985)	$(6,725)
Net loss per share:
Basic	$(0.08)	$(0.16)	$(0.34)	$(0.62)
Diluted	$(0.08)	$(0.16)	$(0.34)	$(0.62)
Weighted average shares used in calculating loss per share:
Basic	11,791	11,315	11,782	10,930
Diluted	11,791	11,315	11,782	10,930

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.