Airship AI Holdings, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 17, 2026
AISP$1.69-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||
|---|---|---|---|---|
| For the years ended December 31, 2025 and 2024 | ||||
| Year Ended · Year Ended | ||||
| December 31, 2025 · December 31, 2024 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income (loss) | $29,321,363 | $(57,464,890) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities | ||||
| Depreciation and amortization | - | 1,861 | ||
| Stock-based compensation | 1,629,992 | 1,362,822 | ||
| Amortization of operating lease right of use asset | 378,448 | 222,780 | ||
| Issuance of common stock for services | - | 198,500 | ||
| Noncash interest expense | - | 1,008,419 | ||
| (Gain) loss from change in fair value of warrant liability | (20,852,612) | 33,512,633 | ||
| (Gain) loss from change in fair value of earnout liability | (15,401,751) | 18,171,380 | ||
| Loss from change in fair value of convertible note | - | 141,636 | ||
| Loss on note conversion | - | 1,144,676 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (5,235,918) | 422,147 | ||
| Prepaid expenses and other | (276,308) | 485 | ||
| Other assets | 5,432 | 16,373 | ||
| Operating lease liability | (384,298) | (174,875) | ||
| Payroll and income tax receivable | - | 7,230 | ||
| Accounts payable - trade and accrued expenses | 366,649 | (2,294,698) | ||
| Deferred revenue | 2,444,179 | (2,780,447) | ||
| NET CASH USED IN OPERATING ACTIVITIES | (8,004,824) | (6,503,968) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Issuance of common stock and warrants for offering, net | - | 7,290,000 | ||
| Proceeds from warrant exercise, net | 9,498,136 | 7,704,540 | ||
| Repayment of advances from founders | (1,300,000) | - | ||
| Advances from founders | - | (450,000) | ||
| Proceeds from stock option exercises | 149,288 | 240,507 | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 8,347,424 | 14,785,047 | ||
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 342,600 | 8,281,079 | ||
| Effect from exchange rate on cash | (7,409) | 9,338 | ||
| CASH AND CASH EQUIVALENTS, beginning of period | 11,414,830 | 3,124,413 | ||
| CASH AND CASH EQUIVALENTS, end of period | $11,750,021 | $11,414,830 | ||
| Supplemental disclosures of cash flow information: | ||||
| Interest paid | $ | - | $11,913 | |
| Taxes paid | $ | - | $2,410 | |
| Noncash investing and financing | ||||
| Issuance of common stock for debt interest payment | $ | - | $1,008,442 | |
| Issuance of common stock for debt conversion | $ | - | $4,114,831 | |
| Issuance of common stock for earnout shares | $5,282,125 | $ | - | |
| Recognition of operating right-of-use asset | $304,339 | $ | - | |
| Recognition of operating lease liability | $304,339 | $ | - | |
AIRSHIP AI HOLDINGS, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.