NASDAQ : AISP
Airship AI Holdings, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 2.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 71.63M
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Financial statements
Airship AI Holdings, Inc. (AISP) reported revenue of 18.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 18.15M | 15.32M | 23.05M | 12.30M | 14.55M | 13.04M |
| Cost of Revenue | 7.95M | 7.62M | 12.52M | 6.54M | 6.13M | 6.05M |
| Gross Profit | 10.19M | 7.70M | 10.53M | 5.76M | 8.42M | 6.99M |
| Selling, General & Admin | 13.43M | 11.84M | 11.23M | 9.41M | 7.63M | 8.90M |
| Research & Development | 3.31M | 3.08M | 2.80M | 2.73M | 3.61M | 4.22M |
| Other Operating Expenses | -1.23M | |||||
| Operating Expenses | 16.75M | 14.91M | 14.03M | 12.14M | 10.01M | 13.11M |
| Operating Income | -6.55M | -7.22M | -3.51M | -6.38M | -1.59M | -6.12M |
| Interest Expense | -1.00M | -55.69K | -75.26K | -21.19K | ||
| Interest & Investment Income | 342.62K | 282.79K | 42.56K | 24.79K | ||
| Other Non Operating Income (Expenses) | 20.49M | 20.85M | -33.50M | 1.33M | ||
| EBT Excluding Unusual Items | 14.28M | 13.92M | -38.01M | -5.10M | -1.62M | -6.12M |
| Asset Writedown | -265.13K | |||||
| Other Unusual Items | 11.96M | 15.40M | -19.46M | 21.74M | 1.15M | 995.83K |
| Pretax Income | 26.24M | 29.32M | -57.46M | 16.37M | -477.49K | -5.12M |
| Income Tax Expense | 10.00K | |||||
| Net Income | 26.24M | 29.32M | -57.46M | 16.37M | -487.49K | -5.12M |
| Net Income to Common | 26.24M | 29.32M | -57.46M | 16.37M | -487.49K | -5.12M |
| Shares Outstanding (Basic) | 33.72M | 32.41M | 24.59M | 13.67M | 13.39M | 7.61M |
| Shares Outstanding (Diluted) | 39.99M | 38.68M | 24.59M | 20.39M | 13.39M | 7.61M |
| EPS (Basic) | 0.78 | 0.90 | -2.34 | 1.20 | -0.04 | -0.67 |
| EPS (Diluted) | 0.66 | 0.76 | -2.34 | 0.80 | -0.04 | -0.67 |
| Gross Margin | 56.17% | 50.24% | 45.67% | 46.87% | 57.88% | 53.59% |
| Operating Margin | -36.10% | -47.10% | -15.21% | -51.83% | -10.94% | -46.96% |
| Profit Margin | 144.60% | 191.38% | -249.30% | 133.10% | -3.35% | -39.30% |
| EBITDA | -7.21M | -3.50M | -6.36M | -1.58M | -6.07M | |
| EBITDA Margin | -47.08% | -15.20% | -51.71% | -10.83% | -46.56% | |
| D&A For EBITDA | 1.86K | 1.86K | 14.88K | 14.88K | 53.20K | |
| EBIT | -6.55M | -7.22M | -3.51M | -6.38M | -1.59M | -6.12M |
| EBIT Margin | -36.10% | -47.10% | -15.21% | -51.83% | -10.94% | -46.96% |
| Revenue as Reported | 18.15M | 15.32M | 23.05M | 12.30M | 14.55M | 13.04M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 12.37M | 11.75M | 11.41M | 3.12M | 298.61K | 1.34M |
| Cash & Short-Term Investments | 12.37M | 11.75M | 11.41M | 3.12M | 298.61K | 1.34M |
| Accounts Receivable | 3.75M | 6.46M | 1.23M | 1.65M | 705.75K | 831.35K |
| Other Receivables | 7.23K | 967.61K | 27.76K | |||
| Receivables | 3.75M | 6.46M | 1.23M | 1.66M | 1.67M | 859.12K |
| Prepaid Expenses | 23.77K | 294.19K | 17.88K | 18.37K | 16.04K | 30.10K |
| Total Current Assets | 16.98M | 18.51M | 12.66M | 4.80M | 1.99M | 2.23M |
| Property, Plant & Equipment | 600.95K | 807.91K | 882.02K | 1.11M | 821.08K | 31.62K |
| Other Long-Term Assets | 160.53K | 160.53K | 165.96K | 182.33K | 1.10M | 1.10M |
| Total Assets | 17.74M | 19.48M | 13.71M | 6.09M | 3.91M | 4.22M |
| Accounts Payable | 510.61K | 1.15M | 759.48K | 2.91M | 216.72K | 173.69K |
| Accrued Expenses | 53.22K | 27.97K | 51.65K | 200.53K | 120.66K | 252.47K |
| Short-Term Debt | 2.83M | |||||
| Current Portion of Long-Term Debt | 1.30M | 1.75M | 892.93K | |||
| Current Portion of Leases | 461.54K | 438.63K | 305.18K | 174.88K | 628.37K | |
| Current Unearned Revenue | 4.31M | 4.67M | 3.24M | 4.01M | 4.17M | 4.59M |
| Total Current Liabilities | 5.34M | 6.28M | 5.65M | 11.87M | 6.03M | 5.02M |
| Long-Term Debt | 1.23M | 2.24M | ||||
| Long-Term Leases | 189.21K | 425.11K | 638.52K | 943.70K | 203.77K | |
| Long-Term Unearned Revenue | 4.63M | 3.97M | 2.95M | 4.96M | 4.81M | 5.30M |
| Other Long-Term Liabilities | 16.20M | 15.95M | 57.49M | 5.80M | 71.00K | |
| Total Liabilities | 26.37M | 26.62M | 66.73M | 23.58M | 12.27M | 12.63M |
| Common Stock | 3.44K | 3.43K | 3.06K | 2.28K | 1.34K | 44.67K |
| Additional Paid-In Capital | 40.15M | 38.48M | 21.92M | 1.96M | 1.37M | |
| Retained Earnings | -48.75M | -45.62M | -74.94M | -17.48M | -10.31M | -9.83M |
| Comprehensive Income & Other | -30.98K | -10.88K | -3.47K | -12.81K | -10.11K | |
| Shareholders' Equity | -8.62M | -7.15M | -53.02M | -17.49M | -8.36M | -8.41M |
| Total Liabilities & Equity | 17.74M | 19.48M | 13.71M | 6.09M | 3.91M | 4.22M |
| Total Debt | 650.75K | 863.74K | 2.24M | 5.69M | 2.96M | 2.24M |
| Net Cash (Debt) | 11.71M | 10.89M | 9.17M | -2.57M | -2.66M | -896.80K |
| Net Cash Per Share | 0.29 | 0.28 | 0.37 | -0.13 | -0.20 | -0.12 |
| Filing Date Shares Outstanding | 34.44M | 34.37M | 31.75M | 22.85M | 7.61M | 7.61M |
| Total Common Shares Outstanding | 34.44M | 34.37M | 30.59M | 22.81M | 7.61M | 7.61M |
| Working Capital | 11.64M | 12.22M | 7.00M | -7.07M | -4.04M | -2.79M |
| Book Value Per Share | -0.25 | -0.21 | -1.73 | -0.77 | -1.10 | -1.11 |
| Tangible Book Value | -8.62M | -7.15M | -53.02M | -17.49M | -8.36M | -8.41M |
| Tangible Book Value Per Share | -0.25 | -0.21 | -1.73 | -0.77 | -1.10 | -1.11 |
| Machinery | 199.50K | 199.50K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 26.24M | 29.32M | -57.46M | 16.37M | -487.49K | -5.12M |
| Depreciation & Amortization | 405.41K | 378.45K | 224.64K | 611.43K | 532.11K | 53.20K |
| Loss (Gain) From Sale of Assets | 31.72K | |||||
| Asset Writedown & Restructuring Costs | 265.13K | |||||
| Stock-Based Compensation | 2.45M | 1.63M | 1.56M | 2.85M | 546.46K | 898.88K |
| Other Operating Activities | -32.45M | -36.25M | 53.98M | -23.36M | -1.13M | -995.83K |
| Change in Accounts Receivable | -1.19M | -5.24M | 422.15K | -943.15K | 125.60K | 582.93K |
| Change in Accounts Payable | 121.76K | 366.65K | -2.29M | 666.14K | -88.78K | 98.33K |
| Change in Unearned Revenue | 2.15M | 2.44M | -2.78M | -2.67K | -915.28K | -633.96K |
| Change in Other Net Operating Assets | -390.26K | -655.17K | -150.79K | 244.10K | -1.49M | -43.50K |
| Operating Cash Flow | -3.51M | -8.00M | -6.50M | -3.29M | -2.90M | -5.13M |
| Short-Term Debt Issued | 2.58M | |||||
| Long-Term Debt Issued | 1.15M | 565.05K | 1.13M | |||
| Total Debt Issued | 3.73M | 565.05K | 1.13M | |||
| Long-Term Debt Repaid | -1.30M | -450.00K | -424.54K | -140.51K | ||
| Net Debt Issued (Repaid) | -1.30M | -450.00K | 3.31M | 424.54K | 1.13M | |
| Issuance of Common Stock | 9.59M | 9.65M | 15.24M | 14.67K | ||
| Other Financing Activities | 2.81M | 1.44M | 2.49M | |||
| Financing Cash Flow | 9.59M | 8.35M | 14.79M | 6.12M | 1.87M | 3.64M |
| Foreign Exchange Rate Adjustments | -20.10K | -7.41K | 9.34K | -2.70K | -10.11K | |
| Net Cash Flow | 6.06M | 335.19K | 8.29M | 2.83M | -1.05M | -1.50M |
| Levered Free Cash Flow | -3.44M | -6.22M | -3.67M | 2.07M | -1.28M | |
| Unlevered Free Cash Flow | -3.44M | -6.22M | -3.04M | 2.11M | -1.23M | |
| Cash Interest Paid | 11.91K | 21.44K | 19.95K | 11.35K | ||
| Cash Income Tax Paid | 2.41K | 17.25K | 54.82K | |||
| Change in Working Capital | -149.19K | -3.08M | -4.80M | -35.58K | -2.36M | 3.80K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 71.63M | 98.77M | 170.80M | 46.37M | 418.23M | 406.20M |
| Enterprise Value | 59.92M | 93.98M | 168.81M | 50.05M | ||
| Last Close Price | 2.08 | 2.89 | 6.26 | 1.70 | 10.08 | 9.79 |
| PE Ratio | 3.16 | 3.37 | 2.83 | |||
| Forward PE | 20.88 | |||||
| PS Ratio | 3.95 | 6.45 | 7.41 | 3.77 | 28.75 | 31.15 |
| PB Ratio | -13.81 | -3.22 | -2.65 | -50.04 | -48.32 | |
| EV/Sales Ratio | 3.30 | 6.13 | 7.32 | 4.07 | ||
| Debt / Equity Ratio | -0.07 | -0.12 | -0.04 | -0.33 | -0.35 | -0.27 |
| Net Debt / Equity Ratio | 1.36 | 1.52 | 0.17 | -0.15 | -0.32 | -0.11 |
| Net Debt / EBITDA Ratio | 1.51 | 2.62 | -0.40 | -1.69 | -0.15 | |
| Asset Turnover | 1.30 | 0.92 | 2.33 | 2.46 | 3.58 | |
| Quick Ratio | 3.02 | 2.90 | 2.24 | 0.40 | 0.33 | 0.44 |
| Current Ratio | 3.18 | 2.94 | 2.24 | 0.40 | 0.33 | 0.45 |
| Return on Assets (ROA) | -29.44% | -27.18% | -22.13% | -79.71% | -24.46% | |
| Return on Capital Employed (ROCE) | -52.80% | -54.70% | -43.50% | 110.30% | 75.10% | 766.10% |
| Earnings Yield | 31.68% | 29.69% | -33.64% | 35.30% | -0.12% | -1.26% |
| Buyback Yield / Dilution | -38.14% | -57.33% | -20.57% | -52.31% | -75.96% |